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
 
 
2016
 
2015
 
Change
 
2016
 
2015
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
952

 
$
786

 
$
166

 
$
4,121

 
$
4,437

 
$
(316
)
Non-Fuel
 
2,350

 
2,243

 
107

 
11,113

 
10,550

 
563

Wholesale Electric Revenues
 
471

 
363

 
108

 
1,926

 
1,798

 
128

Other Electric Revenues
 
169

 
163

 
6

 
698

 
657

 
41

Natural Gas Revenues
 
1,078

 
—

 
1,078

 
1,596

 
—

 
1,596

Other Revenues
 
161

 
13

 
148

 
442

 
47

 
395

Total Revenues
 
5,181

 
3,568

 
1,613

 
19,896

 
17,489

 
2,407

Fuel and Purchased Power
 
1,196

 
956

 
240

 
5,111

 
5,395

 
(284
)
Cost of Natural Gas
 
480

 
—

 
480

 
613

 
—

 
613

Cost of Other Sales
 
99

 
—

 
99

 
260

 
—

 
260

Non-Fuel O & M
 
1,624

 
1,096

 
528

 
5,240

 
4,416

 
824

Depreciation and Amortization
 
697

 
519

 
178

 
2,502

 
2,034

 
468

Taxes Other Than Income Taxes
 
292

 
236

 
56

 
1,113

 
997

 
116

Estimated Loss on Kemper IGCC
 
206

 
183

 
23

 
428

 
365

 
63

Total Operating Expenses
 
4,594

 
2,990

 
1,604

 
15,267

 
13,207

 
2,060

Operating Income
 
587

 
578

 
9

 
4,629

 
4,282

 
347

Allowance for Equity Funds Used During Construction
 
52

 
63

 
(11
)
 
202

 
226

 
(24
)
Earnings from equity method investments
 
31

 
—

 
31

 
59

 
—

 
59

Interest Expense, Net of Amounts Capitalized
 
404

 
228

 
176

 
1,317

 
840

 
477

Other Income (Expense), net
 
(27
)
 
(12
)
 
(15
)
 
(93
)
 
(39
)
 
(54
)
Income Taxes
 
34

 
118

 
(84
)
 
951

 
1,194

 
(243
)
Net Income
 
205

 
283

 
(78
)
 
2,529

 
2,435

 
94

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred and Preference Stock of Subsidiaries
 
11

 
12

 
(1
)
 
45

 
54

 
(9
)
Net Income Attributable to Noncontrolling Interests
 
(3
)
 
—

 
(3
)
 
36

 
14

 
22

NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
197

 
$
271

 
$
(74
)
 
$
2,448

 
$
2,367

 
$
81

 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.
 
 
 
 
 
 
 
 
 
 
 
 
 
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $25 million for January 1, 2016 through September 30, 2016.