EX-99.05 6 ex9905-consolidatedearning.htm EXHIBIT Ex. 99.05 - Consolidated Earnings Q3 2013


Exhibit 99.05
 
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
Three Months Ended September
 
Year-to-Date
September
 
 
2013
 
2012
 
Change
 
2013
 
2012
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,435

 
$
1,445

 
$
(10
)
 
$
3,830

 
$
3,709

 
$
121

Non-Fuel
 
2,884

 
2,934

 
(50
)
 
7,407

 
7,359

 
48

Wholesale Revenues
 
520

 
497

 
23

 
1,406

 
1,261

 
145

Other Electric Revenues
 
166

 
157

 
9

 
477

 
459

 
18

Non-regulated Operating Revenues
 
12

 
16

 
(4
)
 
40

 
46

 
(6
)
Total Revenues
 
5,017

 
5,049

 
(32
)
 
13,160

 
12,834

 
326

Fuel and Purchased Power
 
1,725

 
1,717

 
8

 
4,583

 
4,362

 
221

Non-fuel O & M
 
928

 
906

 
22

 
2,849

 
2,817

 
32

MC Asset Recovery Insurance Settlement
 
—

 
—

 
—

 
—

 
(19
)
 
19

Depreciation and Amortization
 
480

 
449

 
31

 
1,422

 
1,335

 
87

Taxes Other Than Income Taxes
 
243

 
237

 
6

 
710

 
690

 
20

Estimated Loss on Kemper IGCC
 
150

 
—

 
150

 
1,140

 
—

 
1,140

Total Operating Expenses
 
3,526

 
3,309

 
217

 
10,704

 
9,185

 
1,519

Operating Income
 
1,491

 
1,740

 
(249
)
 
2,456

 
3,649

 
(1,193
)
Allowance for Equity Funds Used During Construction
 
53

 
39

 
14

 
139

 
102

 
37

Leveraged Lease Income (Loss)
 
5

 
5

 
—

 
(11
)
 
16

 
(27
)
Interest Expense, Net of Amounts Capitalized
 
202

 
218

 
(16
)
 
628

 
649

 
(21
)
Other Income (Expense), net
 
(10
)
 
(4
)
 
(6
)
 
(20
)
 
(4
)
 
(16
)
Income Taxes
 
468

 
569

 
(101
)
 
657

 
1,098

 
(441
)
Net Income
 
869

 
993

 
(124
)
 
1,279

 
2,016

 
(737
)
Dividends on Preferred and Preference Stock of Subsidiaries
 
17

 
17

 
—

 
49

 
49

 
—

NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK
 
$
852

 
$
976

 
$
(124
)
 
$
1,230

 
$
1,967

 
$
(737
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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.