EX-99.04 5 x99-4.txt Exhibit 99.04 Southern Company Analysis of Consolidated Earnings (In Millions of Dollars) 3 Months Ended March -------------------------------------- 2004 2003 Change ---- ---- ------ Income Account- Retail Revenue $ 2,144 $ 1,974 $ 170 Wholesale Revenue 352 335 17 Other Electric Revenues 93 91 2 Non-regulated Operating Revenues 166 148 18 ------- ------- ----- Total Revenues 2,755 2,548 207 ------- ------- ----- Fuel and Purchased Power 928 825 103 Non-fuel O & M 774 724 50 Depreciation and Amortization 241 245 (4) Taxes Other Than Income Taxes 158 149 9 ------- ------- ----- Total Operating Expenses 2,101 1,943 158 ------- ------- ----- Operating Income 654 605 49 Other Income, net (30) (17) (13) Interest Charges and Dividends 170 169 1 Income Taxes 123 121 2 ------- ------- ----- NET INCOME AS REPORTED $ 331 $ 298 $ 33 ======= ======= =====