EX-99.07 8 ex9907-financialoverviewq3.htm EXHIBIT 99.07 Exhibit





Exhibit 99.07
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September
 
Year-to-Date
September
 
 
2015
 
2014
 
% Change
 
2015
 
2014
 
% Change
Consolidated –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
5,401

 
$
5,339

 
1.2
 %
 
$
13,921

 
$
14,450

 
(3.7
)%
Earnings Before Income Taxes
 
1,470

 
1,127

 
30.4
 %
 
3,214

 
2,620

 
22.7
 %
Net Income Available to Common
 
959

 
718

 
33.6
 %
 
2,096

 
1,680

 
24.8
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,695

 
$
1,669

 
1.6
 %
 
$
4,551

 
$
4,614

 
(1.4
)%
Earnings Before Income Taxes
 
491

 
475

 
3.4
 %
 
1,113

 
1,101

 
1.1
 %
Net Income Available to Common
 
295

 
282

 
4.6
 %
 
665

 
642

 
3.6
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
2,691

 
$
2,631

 
2.3
 %
 
$
6,685

 
$
7,086

 
(5.7
)%
Earnings Before Income Taxes
 
892

 
846

 
5.4
 %
 
1,734

 
1,775

 
(2.3
)%
Net Income Available to Common
 
551

 
525

 
5.0
 %
 
1,064

 
1,102

 
(3.4
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
429

 
$
438

 
(2.1
)%
 
$
1,170

 
$
1,229

 
(4.8
)%
Earnings Before Income Taxes
 
81

 
78

 
3.8
 %
 
202

 
198

 
2.0
 %
Net Income Available to Common
 
48

 
47

 
2.1
 %
 
120

 
117

 
2.6
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
341

 
$
355

 
(3.9
)%
 
$
893

 
$
997

 
(10.4
)%
Earnings (Loss) Before Income Taxes
 
(52
)
 
(334
)
 
N/M

 
52

 
(556
)
 
N/M

Net Income (Loss) Available to Common
 
(21
)
 
(195
)
 
N/M

 
62

 
(305
)
 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
401

 
$
435

 
(7.8
)%
 
$
1,086

 
$
1,115

 
(2.6
)%
Earnings Before Income Taxes
 
112

 
87

 
28.7
 %
 
210

 
154

 
36.4
 %
Net Income Available to Common
 
102

 
64

 
59.4
 %
 
181

 
128

 
41.4
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
N/M - not meaningful
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Note
 
 
 
 
 
 
 
 
 
 
 
 
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.