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Condensed Consolidated Statements of Income (Unaudited) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Revenues:    
Retail revenues $ 3,298,000,000 $ 3,092,000,000
Wholesale revenues 432,000,000 349,000,000
Other electric revenues 155,000,000 148,000,000
Other revenues 12,000,000 15,000,000
Total operating revenues 3,897,000,000 3,604,000,000
Operating Expenses:    
Fuel 1,262,000,000 1,064,000,000
Purchased power 95,000,000 141,000,000
Other operations and maintenance 974,000,000 967,000,000
Depreciation and amortization 466,000,000 441,000,000
Taxes other than income taxes 235,000,000 225,000,000
Estimated loss on Kemper IGCC 540,000,000 0
Total operating expenses 3,572,000,000 2,838,000,000
Operating Income 325,000,000 766,000,000
Other Income and (Expense):    
Allowance for equity funds used during construction 41,000,000 31,000,000
Leveraged lease income (loss) (21,000,000) 6,000,000
Interest expense, net of amounts capitalized (211,000,000) (211,000,000)
Other income (expense), net (6,000,000) (8,000,000)
Total other income and (expense) (197,000,000) (182,000,000)
Earnings Before Income Taxes 128,000,000 584,000,000
Income taxes 31,000,000 200,000,000
Consolidated Net Income 97,000,000 384,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 16,000,000 16,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 81,000,000 [1],[2] 368,000,000 [1]
Earnings per share (EPS) -    
Basic EPS (in dollars per share) $ 0.09 $ 0.42
Diluted EPS (in dollars per share) $ 0.09 $ 0.42
Average number of shares of common stock outstanding (in millions)    
Basic (in shares) 870 868
Diluted (in shares) 875 877
Cash dividends paid per share of common stock $ 0.4900 $ 0.4725
Alabama Power [Member]
   
Operating Revenues:    
Retail revenues 1,141,000,000 1,092,000,000
Wholesale revenues, non-affiliates 59,000,000 61,000,000
Wholesale revenues, affiliates 56,000,000 14,000,000
Other revenues 52,000,000 49,000,000
Total operating revenues 1,308,000,000 1,216,000,000
Operating Expenses:    
Fuel 372,000,000 306,000,000
Purchased power, non-affiliates 20,000,000 15,000,000
Purchased power, affiliates 31,000,000 40,000,000
Other operations and maintenance 330,000,000 321,000,000
Depreciation and amortization 158,000,000 157,000,000
Taxes other than income taxes 90,000,000 86,000,000
Total operating expenses 1,001,000,000 925,000,000
Operating Income 307,000,000 291,000,000
Other Income and (Expense):    
Allowance for equity funds used during construction 8,000,000 5,000,000
Interest expense, net of amounts capitalized (66,000,000) (73,000,000)
Other income (expense), net (1,000,000) (3,000,000)
Total other income and (expense) (59,000,000) (71,000,000)
Earnings Before Income Taxes 248,000,000 220,000,000
Income taxes 97,000,000 84,000,000
Consolidated Net Income 151,000,000 136,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 10,000,000 10,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 141,000,000 126,000,000
Georgia Power [Member]
   
Operating Revenues:    
Retail revenues 1,729,000,000 1,594,000,000
Wholesale revenues, non-affiliates 62,000,000 66,000,000
Wholesale revenues, affiliates 6,000,000 3,000,000
Other revenues 85,000,000 82,000,000
Total operating revenues 1,882,000,000 1,745,000,000
Operating Expenses:    
Fuel 519,000,000 440,000,000
Purchased power, non-affiliates 50,000,000 93,000,000
Purchased power, affiliates 175,000,000 159,000,000
Other operations and maintenance 431,000,000 434,000,000
Depreciation and amortization 200,000,000 188,000,000
Taxes other than income taxes 95,000,000 87,000,000
Total operating expenses 1,470,000,000 1,401,000,000
Operating Income 412,000,000 344,000,000
Other Income and (Expense):    
Allowance for equity funds used during construction 6,000,000 13,000,000
Interest expense, net of amounts capitalized (91,000,000) (91,000,000)
Other income (expense), net (2,000,000) (3,000,000)
Total other income and (expense) (87,000,000) (81,000,000)
Earnings Before Income Taxes 325,000,000 263,000,000
Income taxes 124,000,000 92,000,000
Consolidated Net Income 201,000,000 171,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 4,000,000 4,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 197,000,000 167,000,000
Gulf Power [Member]
   
Operating Revenues:    
Retail revenues 259,877,000 238,520,000
Wholesale revenues, non-affiliates 21,208,000 27,118,000
Wholesale revenues, affiliates 29,455,000 36,364,000
Other revenues 15,734,000 14,243,000
Total operating revenues 326,274,000 316,245,000
Operating Expenses:    
Fuel 120,846,000 121,088,000
Purchased power, non-affiliates 11,135,000 11,225,000
Purchased power, affiliates 3,312,000 2,513,000
Other operations and maintenance 78,662,000 75,230,000
Depreciation and amortization 37,053,000 33,307,000
Taxes other than income taxes 23,626,000 23,784,000
Total operating expenses 274,634,000 267,147,000
Operating Income 51,640,000 49,098,000
Other Income and (Expense):    
Allowance for equity funds used during construction 1,134,000 1,237,000
Interest expense, net of amounts capitalized (14,369,000) (15,368,000)
Other income (expense), net (976,000) (1,009,000)
Total other income and (expense) (14,211,000) (15,140,000)
Earnings Before Income Taxes 37,429,000 33,958,000
Income taxes 14,086,000 11,741,000
Consolidated Net Income 23,343,000 22,217,000
Dividends on Preferred and Preference Stock of Subsidiaries 1,551,000 1,551,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 21,792,000 20,666,000
Mississippi Power [Member]
   
Operating Revenues:    
Retail revenues 168,310,000 166,271,000
Wholesale revenues, non-affiliates 65,109,000 54,231,000
Wholesale revenues, affiliates 8,341,000 4,040,000
Other revenues 4,174,000 4,172,000
Total operating revenues 245,934,000 228,714,000
Operating Expenses:    
Fuel 104,564,000 88,619,000
Purchased power, non-affiliates 1,367,000 1,943,000
Purchased power, affiliates 9,689,000 8,860,000
Other operations and maintenance 54,812,000 54,895,000
Depreciation and amortization 23,233,000 22,481,000
Taxes other than income taxes 19,417,000 21,703,000
Estimated loss on Kemper IGCC 462,000,000 0
Total operating expenses 675,082,000 198,501,000
Operating Income (429,148,000) 30,213,000
Other Income and (Expense):    
Allowance for equity funds used during construction 26,074,000 11,827,000
Interest expense, net of amounts capitalized (10,409,000) (7,805,000)
Other income (expense), net (1,547,000) (122,000)
Total other income and (expense) 14,118,000 3,900,000
Earnings Before Income Taxes (415,030,000) 34,113,000
Income taxes (169,142,000) 8,425,000
Consolidated Net Income (245,888,000) 25,688,000
Dividends on Preferred and Preference Stock of Subsidiaries 433,000 433,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries (246,321,000) 25,255,000
Southern Power [Member]
   
Operating Revenues:    
Wholesale revenues, non-affiliates 223,429,000 140,557,000
Wholesale revenues, affiliates 78,191,000 111,788,000
Other revenues 1,327,000 1,336,000
Total operating revenues 302,947,000 253,681,000
Operating Expenses:    
Fuel 119,372,000 89,078,000
Purchased power, non-affiliates 14,573,000 20,650,000
Purchased power, affiliates 7,865,000 2,340,000
Other operations and maintenance 50,950,000 48,389,000
Depreciation and amortization 40,160,000 31,913,000
Taxes other than income taxes 5,354,000 4,968,000
Total operating expenses 238,274,000 197,338,000
Operating Income 64,673,000 56,343,000
Other Income and (Expense):    
Interest expense, net of amounts capitalized (20,394,000) (13,642,000)
Other income (expense), net (257,000) 30,000
Total other income and (expense) (20,651,000) (13,612,000)
Earnings Before Income Taxes 44,022,000 42,731,000
Income taxes 14,830,000 13,415,000
Consolidated Net Income $ 29,192,000 $ 29,316,000
[1] After dividends on preferred and preference stock of subsidiaries
[2] Segment net income (loss) for the three months ended March 31, 2013 includes a $540.0 million pre-tax charge ($333.5 million after tax) for an estimated probable loss on the Kemper IGCC. See Note (B) under "Integrated Coal Gasification Combined Cycle" herein for additional information.