EX-99.05 6 ex9905-consolidatedearning.htm EXHIBIT 99.05 Exhibit


 
Exhibit 99.05
 
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended December
 
Year-to-Date
December
 
 
2015
 
2014
 
Change
 
2015
 
2014
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
786

 
$
1,141

 
$
(355
)
 
$
4,437

 
$
5,396

 
$
(959
)
Non-Fuel
 
2,243

 
2,223

 
20

 
10,550

 
10,154

 
396

Wholesale Revenues
 
363

 
465

 
(102
)
 
1,798

 
2,184

 
(386
)
Other Electric Revenues
 
201

 
169

 
32

 
695

 
672

 
23

Other Revenues
 
13

 
19

 
(6
)
 
47

 
61

 
(14
)
Total Revenues
 
3,606

 
4,017

 
(411
)
 
17,527

 
18,467

 
(940
)
Fuel and Purchased Power
 
956

 
1,398

 
(442
)
 
5,395

 
6,677

 
(1,282
)
Non-Fuel O & M
 
1,134

 
1,328

 
(194
)
 
4,454

 
4,354

 
100

Depreciation and Amortization
 
519

 
430

 
89

 
2,034

 
1,945

 
89

Taxes Other Than Income Taxes
 
236

 
230

 
6

 
997

 
981

 
16

Estimated Loss on Kemper IGCC
 
183

 
70

 
113

 
365

 
868

 
(503
)
Total Operating Expenses
 
3,028

 
3,456

 
(428
)
 
13,245

 
14,825

 
(1,580
)
Operating Income
 
578

 
561

 
17

 
4,282

 
3,642

 
640

Allowance for Equity Funds Used During Construction
 
63

 
63

 
—

 
226

 
245

 
(19
)
Interest Income
 
6

 
6

 
—

 
23

 
19

 
4

Interest Expense, Net of Amounts Capitalized
 
228

 
212

 
16

 
840

 
835

 
5

Other Income (Expense), net
 
(18
)
 
(30
)
 
12

 
(62
)
 
(63
)
 
1

Income Taxes
 
118

 
88

 
30

 
1,194

 
977

 
217

Consolidated Net Income
 
283

 
300

 
(17
)
 
2,435

 
2,031

 
404

Dividends on Preferred and Preference Stock of Subsidiaries
 
12

 
17

 
(5
)
 
54

 
68

 
(14
)
Less: Net Income Attributable to Noncontrolling Interests
 
—

 
—

 
—

 
14

 
—

 
14

CONSOLIDATED NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
271

 
$
283

 
$
(12
)
 
$
2,367

 
$
1,963

 
$
404

 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.
 
 
 
 
 
 
 
 
 
 
 
 
 
- 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-K.