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 September
 
Year-to-Date
 September
 
 
2018
 
2017
 
Change
 
2018
 
2017
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,222

 
$
1,185

 
$
37

 
$
3,271

 
$
3,130

 
$
141

Non-Fuel
 
3,383

 
3,430

 
(47
)
 
8,642

 
8,656

 
(14
)
Wholesale Electric Revenues
 
693

 
718

 
(25
)
 
1,923

 
1,867

 
56

Other Electric Revenues
 
170

 
168

 
2

 
509

 
510

 
(1
)
Natural Gas Revenues
 
492

 
532

 
(40
)
 
2,806

 
2,746

 
60

Other Revenues
 
199

 
168

 
31

 
1,007

 
494

 
513

Total Revenues
 
6,159

 
6,201

 
(42
)
 
18,158

 
17,403

 
755

Fuel and Purchased Power
 
1,567

 
1,541

 
26

 
4,274

 
4,018

 
256

Cost of Natural Gas
 
104

 
134

 
(30
)
 
1,053

 
1,085

 
(32
)
Cost of Other Sales
 
120

 
90

 
30

 
688

 
293

 
395

Non-Fuel O & M
 
1,404

 
1,341

 
63

 
4,217

 
4,100

 
117

Depreciation and Amortization
 
787

 
767

 
20

 
2,338

 
2,236

 
102

Taxes Other Than Income Taxes
 
319

 
303

 
16

 
990

 
941

 
49

Estimated Loss on Plants Under Construction
 
1

 
34

 
(33
)
 
1,105

 
3,155

 
(2,050
)
Gain on Dispositions, net
 
(353
)
 
—

 
(353
)
 
(317
)
 
(19
)
 
(298
)
Impairment Charges
 
36

 
—

 
36

 
197

 
—

 
197

Total Operating Expenses
 
3,985

 
4,210

 
(225
)
 
14,545

 
15,809

 
(1,264
)
Operating Income
 
2,174

 
1,991

 
183

 
3,613

 
1,594

 
2,019

Allowance for Equity Funds Used During Construction
 
36

 
18

 
18

 
99

 
133

 
(34
)
Earnings from Equity Method Investments
 
36

 
32

 
4

 
108

 
100

 
8

Interest Expense, Net of Amounts Capitalized
 
458

 
407

 
51

 
1,386

 
1,248

 
138

Other Income (Expense), net
 
57

 
65

 
(8
)
 
195

 
165

 
30

Income Taxes
 
623

 
590

 
33

 
598

 
317

 
281

Net Income
 
1,222

 
1,109

 
113

 
2,031

 
427

 
1,604

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred and Preference Stock of Subsidiaries
 
4

 
10

 
(6
)
 
12

 
32

 
(20
)
Net Income Attributable to Noncontrolling Interests
 
54

 
30

 
24

 
71

 
48

 
23

NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
1,164

 
$
1,069

 
$
95

 
$
1,948

 
$
347

 
$
1,601

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