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
 
 
2016
 
2015
 
% Change
 
2016
 
2015
 
% Change
Southern Company –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
6,264

 
$
5,401

 
16.0
 %
 
$
14,715

 
$
13,921

 
5.7
 %
Earnings Before Income Taxes
 
1,641

 
1,470

 
11.6
 %
 
3,266

 
3,214

 
1.6
 %
Net Income Available to Common
 
1,145

 
959

 
19.4
 %
 
2,242

 
2,096

 
7.0
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,785

 
$
1,695

 
5.3
 %
 
$
4,561

 
$
4,551

 
0.2
 %
Earnings Before Income Taxes
 
575

 
491

 
17.1
 %
 
1,196

 
1,113

 
7.5
 %
Net Income Available to Common
 
350

 
295

 
18.6
 %
 
717

 
665

 
7.8
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
2,698

 
$
2,691

 
0.3
 %
 
$
6,621

 
$
6,685

 
(1.0
)%
Earnings Before Income Taxes
 
967

 
892

 
8.4
 %
 
1,964

 
1,734

 
13.3
 %
Net Income Available to Common
 
598

 
551

 
8.5
 %
 
1,214

 
1,064

 
14.1
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
436

 
$
429

 
1.6
 %
 
$
1,136

 
$
1,170

 
(2.9
)%
Earnings Before Income Taxes
 
77

 
81

 
(4.9
)%
 
189

 
202

 
(6.4
)%
Net Income Available to Common
 
45

 
48

 
(6.3
)%
 
108

 
120

 
(10.0
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
352

 
$
341

 
3.2
 %
 
$
885

 
$
893

 
(0.9
)%
Earnings (Loss) Before Income Taxes
 
48

 
(52
)
 
N/M

 
35

 
52

 
(32.7
)%
Net Income (Loss) Available to Common
 
41

 
(21
)
 
N/M

 
54

 
62

 
(12.9
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
500

 
$
401

 
24.7
 %
 
$
1,189

 
$
1,086

 
9.5
 %
Earnings Before Income Taxes
 
101

 
112

 
(9.8
)%
 
187

 
210

 
(11.0
)%
Net Income Available to Common
 
176

 
102

 
72.5
 %
 
315

 
181

 
74.0
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Company Gas –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
543

 
$
—

 
N/A

 
$
543

 
$
—

 
N/A

Earnings Before Income Taxes
 
11

 
—

 
N/A

 
11

 
—

 
N/A

Net Income Available to Common
 
4

 
—

 
N/A

 
4

 
—

 
N/A

 
 
 
 
 
 
 
 
 
 
 
 
 
N/M - not meaningful
 
 
 
 
 
 
 
 
 
 
 
 
N/A - not applicable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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.