EX-99.05 6 ex9905-consolidatedearning.htm EXHIBIT 99.05 Exhibit


Exhibit 99.05
 
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September
 
Year-to-Date
September
 
 
2015
 
2014
 
Change
 
2015
 
2014
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,432

 
$
1,483

 
$
(51
)
 
$
3,651

 
$
4,255

 
$
(604
)
Non-Fuel
 
3,269

 
3,075

 
194

 
8,307

 
7,931

 
376

Wholesale Revenues
 
520

 
600

 
(80
)
 
1,435

 
1,719

 
(284
)
Other Electric Revenues
 
169

 
169

 
—

 
494

 
503

 
(9
)
Other Revenues
 
11

 
12

 
(1
)
 
34

 
42

 
(8
)
Total Revenues
 
5,401

 
5,339

 
62

 
13,921

 
14,450

 
(529
)
Fuel and Purchased Power
 
1,713

 
1,850

 
(137
)
 
4,439

 
5,279

 
(840
)
Non-Fuel O & M
 
1,097

 
1,021

 
76

 
3,320

 
3,026

 
294

Depreciation and Amortization
 
528

 
514

 
14

 
1,515

 
1,515

 
—

Taxes Other Than Income Taxes
 
264

 
258

 
6

 
761

 
751

 
10

Estimated Loss on Kemper IGCC
 
150

 
418

 
(268
)
 
182

 
798

 
(616
)
Total Operating Expenses
 
3,752

 
4,061

 
(309
)
 
10,217

 
11,369

 
(1,152
)
Operating Income
 
1,649

 
1,278

 
371

 
3,704

 
3,081

 
623

Allowance for Equity Funds Used During Construction
 
60

 
63

 
(3
)
 
163

 
182

 
(19
)
Interest Expense, Net of Amounts Capitalized
 
218

 
207

 
11

 
612

 
623

 
(11
)
Other Income (Expense), net
 
(21
)
 
(7
)
 
(14
)
 
(41
)
 
(20
)
 
(21
)
Income Taxes
 
500

 
392

 
108

 
1,076

 
889

 
187

Net Income
 
970

 
735

 
235

 
2,138

 
1,731

 
407

Dividends on Preferred and Preference Stock of Subsidiaries
 
11

 
17

 
(6
)
 
42

 
51

 
(9
)
NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK
 
$
959

 
$
718

 
$
241

 
$
2,096

 
$
1,680

 
$
416

 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have 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.