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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2016 and 2015 is as follows:
 
 
 
 
 
Consolidated Net Income Attributable to Southern Company
 
Per Common Share
 
Operating
Revenues
 
Operating
Income
 
 
Basic
Earnings
 
Diluted Earnings
 
 
 
Trading
Price Range
Quarter Ended
 
Dividends
 
High
 
Low
 
(in millions)
 
 
 
 
 
 
 
 
 
 
March 2016
$
3,992

 
$
940

 
$
489

 
$
0.53

 
$
0.53

 
$
0.5425

 
$
51.73

 
$
46.00

June 2016
4,459

 
1,185

 
623

 
0.67

 
0.66

 
0.5600

 
53.64

 
47.62

September 2016
6,264

 
1,917

 
1,139

 
1.18

 
1.17

 
0.5600

 
54.64

 
50.00

December 2016
5,181

 
587

 
197

 
0.20

 
0.20

 
0.5600

 
52.23

 
46.20

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 2015
$
4,183

 
$
957

 
$
508

 
$
0.56

 
$
0.56

 
$
0.5250

 
$
53.16

 
$
43.55

June 2015
4,337

 
1,098

 
629

 
0.69

 
0.69

 
0.5425

 
45.44

 
41.40

September 2015
5,401

 
1,649

 
959

 
1.05

 
1.05

 
0.5425

 
46.84

 
41.81

December 2015
3,568

 
578

 
271

 
0.30

 
0.30

 
0.5425

 
47.50

 
43.38


In accordance with the adoption of ASU 2016-09 (see Note 1 under "Recently Issued Accounting Standards"), previously reported amounts for income tax expense were reduced by $9 million in the third quarter 2016, $11 million in the second quarter 2016, and $5 million in the first quarter 2016. In addition, basic and diluted EPS increased from previously reported amounts of $1.17 and $1.16 in the third quarter 2016, respectively, $0.65 and $0.65 in the second quarter 2016, respectively, and $0.53 and $0.53 in the first quarter 2016, respectively.
As a result of the revisions to the cost estimate for the Kemper IGCC, Southern Company recorded total pre-tax charges to income for the estimated probable losses on the Kemper IGCC of $206 million ($127 million after tax) in the fourth quarter 2016, $88 million ($54 million after tax) in the third quarter 2016, $81 million ($50 million after tax) in the second quarter 2016, $53 million ($33 million after tax) in the first quarter 2016, $183 million ($113 million after tax) in the fourth quarter 2015, $150 million ($93 million after tax) in the third quarter 2015, $23 million ($14 million after tax) in the second quarter 2015, and $9 million ($6 million after tax) in the first quarter 2015. See Note 3 under "Integrated Coal Gasification Combined Cycle" for additional information.
The Southern Company system's business is influenced by seasonal weather conditions.
Alabama Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2016 and 2015 is as follows:
Quarter Ended
Operating
Revenues
 
Operating
Income
 
Net Income After Dividends on Preferred and Preference Stock
 
(in millions)
March 2016
$
1,331

 
$
333

 
$
156

June 2016
1,444

 
430

 
213

September 2016
1,785

 
650

 
351

December 2016
1,329

 
252

 
102

 
 
 
 
 
 
March 2015
$
1,401

 
$
346

 
$
169

June 2015
1,455

 
398

 
200

September 2015
1,695

 
555

 
295

December 2015
1,217

 
264

 
121


In accordance with the adoption of ASU 2016-09 (see Note 1 under "Recently Issued Accounting Standards"), previously reported amounts for income tax expense were reduced by $2 million in the third quarter 2016, $2 million in the second quarter 2016, and $1 million in the first quarter 2016.
The Company's business is influenced by seasonal weather conditions.
Georgia Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2016 and 2015 is as follows:
Quarter Ended
Operating Revenues
 
Operating Income
 
Net Income After Dividends on Preferred and Preference Stock
 
(in millions)
March 2016
$
1,872

 
$
509

 
$
269

June 2016
2,051

 
656

 
349

September 2016
2,698

 
1,054

 
599

December 2016
1,762

 
258

 
113


 
 
 
 
 
March 2015
$
1,978

 
$
454

 
$
236

June 2015
2,016

 
554

 
277

September 2015
2,691

 
964

 
551

December 2015
1,641

 
376

 
196


In accordance with the adoption of ASU 2016-09 (see Note 1 under "Recently Issued Accounting Standards"), previously reported amounts for income tax expense were reduced by $1 million in the third quarter 2016, $2 million in the second quarter 2016, and $1 million in the first quarter 2016.
The Company's business is influenced by seasonal weather conditions.
Gulf Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2016 and 2015 is as follows:
Quarter Ended
Operating
Revenues
 
Operating
Income
 
Net Income After Dividends on Preference Stock
 
(in millions)
March 2016
$
335

 
$
65

 
$
29

June 2016
365

 
74

 
34

September 2016
436

 
90

 
45

December 2016
349

 
54

 
23

 
 
 
 
 
 
March 2015
$
357

 
$
72

 
$
37

June 2015
384

 
69

 
35

September 2015
429

 
91

 
48

December 2015
313

 
58

 
28


In accordance with the adoption of ASU 2016-09 (see Note 1 under "Recently Issued Accounting Standards"), previously reported amounts for income tax expense were reduced by an immaterial amount for the first, second, and third quarters of 2016.
The Company's business is influenced by seasonal weather conditions.
Mississippi Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2016 and 2015 is as follows:
Quarter Ended
Operating
Revenues
 
Operating
Income (Loss)
 
Net Income (Loss) After Dividends on Preferred Stock
 
(in millions)
March 2016
$
257

 
$
(10
)
 
$
11

June 2016
277

 
(28
)
 
2

September 2016
352

 
9

 
26

December 2016
277

 
(166
)
 
(89
)
 
 
 
 
 
 
March 2015
$
276

 
$
24

 
$
35

June 2015
275

 
12

 
49

September 2015
341

 
(66
)
 
(21
)
December 2015
246

 
(143
)
 
(71
)

In accordance with the adoption of ASU 2016-09 (see Note 1 under "Recently Issued Accounting Standards"), previously reported amounts for income tax expense were reduced by $1 million in 2016.
As a result of the revisions to the cost estimate for the Kemper IGCC, the Company recorded total pre-tax charges to income for the estimated probable losses on the Kemper IGCC of $206 million ($127 million after tax) in the fourth quarter 2016, $88 million ($54 million after tax) in the third quarter 2016, $81 million ($50 million after tax) in the second quarter 2016, $53 million ($33 million after tax) in the first quarter 2016, $183 million ($113 million after tax) in the fourth quarter 2015, $150 million ($93 million after tax) in the third quarter 2015, $23 million ($14 million after tax) in the second quarter 2015, and $9 million ($6 million after tax) in the first quarter 2015. See Note 3 under "Integrated Coal Gasification Combined Cycle" for additional information.
The Company's business is influenced by seasonal weather conditions.
Southern Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2016 and 2015 is as follows:
Quarter Ended
Operating
Revenues
 
Operating
Income
 
Net Income
Attributable to
the Company
 
(in millions)
March 2016
$
315

 
$
47

 
$
50

June 2016
373

 
81

 
89

September 2016
500

 
134

 
176

December 2016
389

 
28

 
23

 
 
 
 
 
 
March 2015
$
348

 
$
67

 
$
33

June 2015
337

 
75

 
46

September 2015
401

 
129

 
102

December 2015
304

 
55

 
34


The Company's business is influenced by seasonal weather conditions.
Southern Company Gas [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for the successor period of July 1, 2016 through December 31, 2016 and for the predecessor periods of January 1, 2016 through June 30, 2016 and the year ended December 31, 2015 are as follows:
Quarter Ended
Operating
Revenues
 
Operating
Income (Loss)
 
EBIT
 
Net Income (Loss)
 
(in millions)
Predecessor - January 1, 2016 through June 30, 2016
 
 
 
 
 
 
March 2016
$
1,334

 
$
348

 
$
351

 
$
182

June 2016
571

 
(27
)
 
(23
)
 
(51
)
Successor - July 1, 2016 through December 31, 2016
 
 
 
 
 
 
September 2016
$
543

 
$
12

 
$
50

 
$
4

December 2016
1,109

 
185

 
221

 
110

Predecessor - 2015
 
 
 
 
 
 
 
March 2015
$
1,721

 
$
364

 
$
367

 
$
193

June 2015
674

 
107

 
111

 
42

September 2015
584

 
59

 
62

 
11

December 2015
962

 
216

 
221

 
107


The Company's business is influenced by seasonal weather conditions.