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Condensed Consolidated Statements of Income (Unaudited) (USD $)
Share data in Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating Revenues:        
Retail revenues $ 3,842,000,000 $ 3,571,000,000 $ 7,238,000,000 $ 7,030,000,000
Wholesale revenues 507,000,000 473,000,000 956,000,000 1,015,000,000
Other electric revenues 154,000,000 143,000,000 303,000,000 278,000,000
Other revenues 18,000,000 21,000,000 36,000,000 42,000,000
Total operating revenues 4,521,000,000 4,208,000,000 8,533,000,000 8,365,000,000
Operating Expenses:        
Fuel 1,673,000,000 1,629,000,000 3,149,000,000 3,274,000,000
Purchased power 145,000,000 128,000,000 245,000,000 255,000,000
Other operations and maintenance 910,000,000 919,000,000 1,854,000,000 1,827,000,000
Depreciation and amortization 430,000,000 367,000,000 848,000,000 710,000,000
Taxes other than income taxes 227,000,000 214,000,000 447,000,000 426,000,000
Total operating expenses 3,385,000,000 3,257,000,000 6,543,000,000 6,492,000,000
Operating Income 1,136,000,000 951,000,000 1,990,000,000 1,873,000,000
Other Income and (Expense):        
Allowance for equity funds used during construction 36,000,000 46,000,000 71,000,000 95,000,000
Interest expense, net of amounts capitalized (199,000,000) (219,000,000) (421,000,000) (441,000,000)
Other income (expense), net (4,000,000) (5,000,000) (2,000,000) (7,000,000)
Total other income and (expense) (167,000,000) (178,000,000) (352,000,000) (353,000,000)
Earnings Before Income Taxes 969,000,000 773,000,000 1,638,000,000 1,520,000,000
Income taxes 349,000,000 247,000,000 580,000,000 483,000,000
Consolidated Net Income 620,000,000 526,000,000 1,058,000,000 1,037,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 16,000,000 16,000,000 32,000,000 32,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 604,000,000 510,000,000 1,026,000,000 1,005,000,000
Earnings per share (EPS) -        
Basic EPS $ 0.71 $ 0.62 $ 1.20 $ 1.22
Diluted EPS $ 0.70 $ 0.61 $ 1.20 $ 1.21
Average number of shares of common stock outstanding (in millions)        
Basic 855 828 851 825
Diluted 862 833 858 829
Cash dividends paid per share of common stock $ 0.4725 $ 0.4550 $ 0.9275 $ 0.8925
Alabama Power [Member]
       
Operating Revenues:        
Retail revenues 1,244,000,000 1,222,000,000 2,370,000,000 2,398,000,000
Wholesale revenues, non-affiliates 70,000,000 137,000,000 138,000,000 309,000,000
Wholesale revenues, affiliates 75,000,000 53,000,000 150,000,000 151,000,000
Other revenues 51,000,000 50,000,000 102,000,000 99,000,000
Total operating revenues 1,440,000,000 1,462,000,000 2,760,000,000 2,957,000,000
Operating Expenses:        
Fuel 428,000,000 466,000,000 823,000,000 955,000,000
Purchased power, non-affiliates 17,000,000 13,000,000 28,000,000 31,000,000
Purchased power, affiliates 57,000,000 52,000,000 103,000,000 104,000,000
Other operations and maintenance 290,000,000 308,000,000 587,000,000 618,000,000
Depreciation and amortization 159,000,000 153,000,000 316,000,000 298,000,000
Taxes other than income taxes 85,000,000 81,000,000 170,000,000 163,000,000
Total operating expenses 1,036,000,000 1,073,000,000 2,027,000,000 2,169,000,000
Operating Income 404,000,000 389,000,000 733,000,000 788,000,000
Other Income and (Expense):        
Allowance for equity funds used during construction 6,000,000 7,000,000 11,000,000 20,000,000
Interest income 5,000,000 4,000,000 9,000,000 8,000,000
Interest expense, net of amounts capitalized (77,000,000) (76,000,000) (151,000,000) (151,000,000)
Other income (expense), net (7,000,000) (5,000,000) (13,000,000) (11,000,000)
Total other income and (expense) (73,000,000) (70,000,000) (144,000,000) (134,000,000)
Earnings Before Income Taxes 331,000,000 319,000,000 589,000,000 654,000,000
Income taxes 131,000,000 119,000,000 227,000,000 241,000,000
Consolidated Net Income 200,000,000 200,000,000 362,000,000 413,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 10,000,000 10,000,000 20,000,000 20,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 190,000,000 190,000,000 342,000,000 393,000,000
Georgia Power [Member]
       
Operating Revenues:        
Retail revenues 2,070,000,000 1,826,000,000 3,885,000,000 3,618,000,000
Wholesale revenues, non-affiliates 97,000,000 88,000,000 180,000,000 198,000,000
Wholesale revenues, affiliates 16,000,000 12,000,000 27,000,000 26,000,000
Other revenues 82,000,000 74,000,000 162,000,000 142,000,000
Total operating revenues 2,265,000,000 2,000,000,000 4,254,000,000 3,984,000,000
Operating Expenses:        
Fuel 784,000,000 757,000,000 1,461,000,000 1,515,000,000
Purchased power, non-affiliates 96,000,000 84,000,000 170,000,000 166,000,000
Purchased power, affiliates 157,000,000 132,000,000 320,000,000 294,000,000
Other operations and maintenance 419,000,000 400,000,000 841,000,000 789,000,000
Depreciation and amortization 178,000,000 130,000,000 351,000,000 244,000,000
Taxes other than income taxes 94,000,000 86,000,000 181,000,000 166,000,000
Total operating expenses 1,728,000,000 1,589,000,000 3,324,000,000 3,174,000,000
Operating Income 537,000,000 411,000,000 930,000,000 810,000,000
Other Income and (Expense):        
Allowance for equity funds used during construction 22,000,000 36,000,000 47,000,000 71,000,000
Interest expense, net of amounts capitalized (71,000,000) (87,000,000) (167,000,000) (180,000,000)
Other income (expense), net (5,000,000) (1,000,000) (6,000,000) (7,000,000)
Total other income and (expense) (54,000,000) (52,000,000) (126,000,000) (116,000,000)
Earnings Before Income Taxes 483,000,000 359,000,000 804,000,000 694,000,000
Income taxes 169,000,000 116,000,000 280,000,000 209,000,000
Consolidated Net Income 314,000,000 243,000,000 524,000,000 485,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 5,000,000 5,000,000 9,000,000 9,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 309,000,000 238,000,000 515,000,000 476,000,000
Gulf Power [Member]
       
Operating Revenues:        
Retail revenues 320,474,000 320,109,000 595,300,000 624,859,000
Wholesale revenues, non-affiliates 38,874,000 26,916,000 69,893,000 54,830,000
Wholesale revenues, affiliates 22,857,000 40,873,000 26,992,000 50,391,000
Other revenues 17,060,000 15,273,000 31,688,000 29,803,000
Total operating revenues 399,265,000 403,171,000 723,873,000 759,883,000
Operating Expenses:        
Fuel 178,686,000 195,452,000 310,468,000 348,164,000
Purchased power, non-affiliates 10,889,000 14,409,000 17,892,000 21,844,000
Purchased power, affiliates 12,549,000 11,030,000 29,167,000 31,443,000
Other operations and maintenance 72,583,000 64,606,000 153,092,000 135,024,000
Depreciation and amortization 32,304,000 28,548,000 64,060,000 56,619,000
Taxes other than income taxes 24,867,000 24,060,000 49,763,000 49,293,000
Total operating expenses 331,878,000 338,105,000 624,442,000 642,387,000
Operating Income 67,387,000 65,066,000 99,431,000 117,496,000
Other Income and (Expense):        
Allowance for equity funds used during construction 2,522,000 1,695,000 4,657,000 3,080,000
Interest income 20,000 39,000 34,000 56,000
Interest expense, net of amounts capitalized (14,423,000) (13,137,000) (28,052,000) (24,522,000)
Other income (expense), net (447,000) (351,000) (1,010,000) (884,000)
Total other income and (expense) (12,328,000) (11,754,000) (24,371,000) (22,270,000)
Earnings Before Income Taxes 55,059,000 53,312,000 75,060,000 95,226,000
Income taxes 20,157,000 19,445,000 26,916,000 34,508,000
Consolidated Net Income 34,902,000 33,867,000 48,144,000 60,718,000
Dividends on Preferred and Preference Stock of Subsidiaries 1,550,000 1,550,000 3,101,000 3,101,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 33,352,000 32,317,000 45,043,000 57,617,000
Mississippi Power [Member]
       
Operating Revenues:        
Retail revenues 207,005,000 203,094,000 387,479,000 389,681,000
Wholesale revenues, non-affiliates 67,813,000 66,201,000 137,664,000 145,090,000
Wholesale revenues, affiliates 6,303,000 3,936,000 15,603,000 18,611,000
Other revenues 4,920,000 3,590,000 8,571,000 7,077,000
Total operating revenues 286,041,000 276,821,000 549,317,000 560,459,000
Operating Expenses:        
Fuel 123,674,000 103,575,000 244,728,000 234,372,000
Purchased power, non-affiliates 1,336,000 1,498,000 2,346,000 5,119,000
Purchased power, affiliates 19,867,000 34,490,000 28,217,000 49,211,000
Other operations and maintenance 64,512,000 71,764,000 134,879,000 139,102,000
Depreciation and amortization 20,345,000 18,786,000 40,208,000 37,461,000
Taxes other than income taxes 17,251,000 17,173,000 34,732,000 35,633,000
Total operating expenses 246,985,000 247,286,000 485,110,000 500,898,000
Operating Income 39,056,000 29,535,000 64,207,000 59,561,000
Other Income and (Expense):        
Allowance for equity funds used during construction 4,991,000 510,000 8,122,000 528,000
Interest income 401,000 40,000 743,000 73,000
Interest expense, net of amounts capitalized (5,532,000) (5,946,000) (11,545,000) (12,125,000)
Other income (expense), net (613,000) 642,000 (1,016,000) 2,173,000
Total other income and (expense) (753,000) (4,754,000) (3,696,000) (9,351,000)
Earnings Before Income Taxes 38,303,000 24,781,000 60,511,000 50,210,000
Income taxes 12,587,000 9,129,000 19,745,000 18,872,000
Consolidated Net Income 25,716,000 15,652,000 40,766,000 31,338,000
Dividends on Preferred and Preference Stock of Subsidiaries 433,000 433,000 866,000 866,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 25,283,000 15,219,000 39,900,000 30,472,000
Southern Power [Member]
       
Operating Revenues:        
Wholesale revenues, non-affiliates 232,960,000 153,989,000 430,126,000 307,326,000
Wholesale revenues, affiliates 70,569,000 92,784,000 153,843,000 194,541,000
Other revenues 1,680,000 1,703,000 3,027,000 3,097,000
Total operating revenues 305,209,000 248,476,000 586,996,000 504,964,000
Operating Expenses:        
Fuel 101,158,000 76,678,000 203,873,000 174,192,000
Purchased power, non-affiliates 19,664,000 15,622,000 28,606,000 34,164,000
Purchased power, affiliates 22,178,000 25,009,000 37,277,000 48,420,000
Other operations and maintenance 40,047,000 38,236,000 82,801,000 77,246,000
Depreciation and amortization 30,805,000 28,892,000 60,972,000 58,001,000
Taxes other than income taxes 4,565,000 5,137,000 9,328,000 10,243,000
Total operating expenses 218,417,000 189,574,000 422,857,000 402,266,000
Operating Income 86,792,000 58,902,000 164,139,000 102,698,000
Other Income and (Expense):        
Interest expense, net of amounts capitalized (17,774,000) (19,553,000) (36,603,000) (39,607,000)
Other income (expense), net (260,000) (313,000) (201,000) 105,000
Total other income and (expense) (18,034,000) (19,866,000) (36,804,000) (39,502,000)
Earnings Before Income Taxes 68,758,000 39,036,000 127,335,000 63,196,000
Income taxes 24,157,000 7,469,000 44,991,000 16,905,000
Consolidated Net Income $ 44,601,000 $ 31,567,000 $ 82,344,000 $ 46,291,000