EX-99.07 8 ex9907-financialoverviewq1.htm EXHIBIT 99.07 Exhibit





Exhibit 99.07
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
Three Months Ended
March
 
 
2018
 
2017
 
% Change
Southern Company –
 
 
 
 
 
 
Operating Revenues
 
$
6,372

 
$
5,771

 
10.4
 %
Earnings Before Income Taxes
 
1,049

 
980

 
7.0
 %
Net Income Available to Common
 
938

 
658

 
42.6
 %
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
Operating Revenues
 
$
1,473

 
$
1,382

 
6.6
 %
Earnings Before Income Taxes
 
311

 
304

 
2.3
 %
Net Income Available to Common
 
225

 
174

 
29.3
 %
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
Operating Revenues
 
$
1,961

 
$
1,832

 
7.0
 %
Earnings Before Income Taxes
 
445

 
420

 
6.0
 %
Net Income Available to Common
 
352

 
260

 
35.4
 %
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
Operating Revenues
 
$
348

 
$
350

 
(0.6
)%
Earnings Before Income Taxes
 
55

 
34

 
61.8
 %
Net Income Available to Common
 
42

 
18

 
133.3
 %
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
Operating Revenues
 
$
302

 
$
272

 
11.0
 %
Earnings (Loss) Before Income Taxes
 
(11
)
 
(47
)
 
N/M

Net Income (Loss) Available to Common
 
(7
)
 
(20
)
 
N/M

 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
Operating Revenues
 
$
509

 
$
450

 
13.1
 %
Earnings Before Income Taxes
 
16

 
14

 
14.3
 %
Net Income Available to Common
 
121

 
70

 
72.9
 %
 
 
 
 
 
 
 
Southern Company Gas –
 
 
 
 
 
 
Operating Revenues
 
$
1,639

 
$
1,560

 
5.1
 %
Earnings Before Income Taxes
 
383

 
389

 
(1.5
)%
Net Income Available to Common
 
279

 
239

 
16.7
 %
 
 
 
 
 
 
 
N/M - not meaningful
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented.