EX-99.5 6 x99-5.htm x99-5.htm
Exhibit 99.05
 Southern Company
 Consolidated Earnings
 (In Millions of Dollars)
 
 
 
   
Three Months Ended June
    
Year-to-Date June
    
   
2012
    
2011
    
Change
    
2012
    
2011
    
Change
    
Income Account-
                                      
Retail Revenues-
                                      
   Fuel
$
1,230
  
 $
1,491
  
 $
(261)
  
$
2,265
  
 $
2,794
  
 $
(529)
    
   Non-Fuel
  
2,367
    
2,351
    
16
    
4,424
    
4,444
    
(20)
    
Wholesale Revenues
  
415
    
507
    
(92)
    
764
    
956
    
(192)
    
Other Electric Revenues
  
154
    
154
    
0
    
302
    
303
    
(1)
    
Non-regulated Operating Revenues
  
15
    
18
    
(3)
    
30
    
36
    
(6)
    
Total Revenues
  
4,181
    
4,521
    
(340)
    
7,785
    
8,533
    
(748)
    
Fuel and Purchased Power
  
1,440
    
1,818
    
(378)
    
2,645
    
3,394
    
(749)
    
Non-fuel O & M
  
944
    
910
    
34
    
1,911
    
1,854
    
57
    
MC Asset Recovery Insurance Settlement
  
(19)
    
0
    
(19)
    
(19)
    
0
    
(19)
    
Depreciation and Amortization
  
445
    
430
    
15
    
886
    
848
    
38
    
Taxes Other Than Income Taxes
  
228
    
227
    
1
    
453
    
447
    
6
    
Total Operating Expenses
  
3,038
    
3,385
    
(347)
    
5,876
    
6,543
    
(667)
    
Operating Income
  
1,143
    
1,136
    
7
    
1,909
    
1,990
    
(81)
    
Allowance for Equity Funds Used During Construction
  
32
    
36
    
(4)
    
63
    
71
    
(8)
    
Interest Expense, Net of Amounts Capitalized
  
220
    
199
    
21
    
431
    
421
    
10
    
Other Income (Expense), net
  
13
    
(4)
    
17
    
11
    
(2)
    
13
    
Income Taxes
  
329
    
349
    
(20)
    
529
    
580
    
(51)
    
Net Income
  
639
    
620
    
19
    
1,023
    
1,058
    
(35)
    
Dividends on Preferred and Preference Stock of Subsidiaries
  
16
    
16
    
0
    
32
    
32
    
0
    
NET INCOME AFTER DIVIDENDS ON PREFERRED
                                      
   AND PREFERENCE STOCK (See Notes)
$
623
  
$
604
  
$
19
  
$
991
  
$
1,026
  
$
(35)
    
 
 
Notes
 -
Certain prior year data has been reclassified to conform with current year presentation.
   
 -
All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results.  In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.