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 December
 
Year-to-Date
December
 
 
2017
 
2016
 
Change
 
2017
 
2016
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
966

 
$
952

 
$
14

 
$
4,095

 
$
4,121

 
$
(26
)
Non-Fuel
 
2,578

 
2,350

 
228

 
11,235

 
11,113

 
122

Wholesale Electric Revenues
 
559

 
471

 
88

 
2,426

 
1,926

 
500

Other Electric Revenues
 
171

 
169

 
2

 
681

 
698

 
(17
)
Natural Gas Revenues
 
1,045

 
1,078

 
(33
)
 
3,791

 
1,596

 
2,195

Other Revenues
 
310

 
161

 
149

 
803

 
442

 
361

Total Revenues
 
5,629

 
5,181

 
448

 
23,031

 
19,896

 
3,135

Fuel and Purchased Power
 
1,245

 
1,196

 
49

 
5,263

 
5,111

 
152

Cost of Natural Gas
 
515

 
480

 
35

 
1,601

 
613

 
988

Cost of Other Sales
 
220

 
99

 
121

 
513

 
260

 
253

Non-Fuel O & M
 
1,565

 
1,624

 
(59
)
 
5,481

 
5,240

 
241

Depreciation and Amortization
 
774

 
697

 
77

 
3,010

 
2,502

 
508

Taxes Other Than Income Taxes
 
309

 
292

 
17

 
1,250

 
1,113

 
137

Estimated Loss on Kemper IGCC
 
207

 
206

 
1

 
3,362

 
428

 
2,934

Total Operating Expenses
 
4,835

 
4,594

 
241

 
20,480

 
15,267

 
5,213

Operating Income
 
794

 
587

 
207

 
2,551

 
4,629

 
(2,078
)
Allowance for Equity Funds Used During Construction
 
27

 
52

 
(25
)
 
160

 
202

 
(42
)
Earnings from Equity Method Investments
 
6

 
31

 
(25
)
 
106

 
59

 
47

Interest Expense, Net of Amounts Capitalized
 
446

 
404

 
42

 
1,694

 
1,317

 
377

Other Income (Expense), net
 
(56
)
 
(27
)
 
(29
)
 
(55
)
 
(93
)
 
38

Income Taxes
 
(175
)
 
34

 
(209
)
 
142

 
951

 
(809
)
Net Income
 
500

 
205

 
295

 
926

 
2,529

 
(1,603
)
Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred and Preference Stock of Subsidiaries
 
6

 
11

 
(5
)
 
38

 
45

 
(7
)
Net Income Attributable to Noncontrolling Interests
 
(2
)
 
(3
)
 
1

 
46

 
36

 
10

NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
496

 
$
197

 
$
299

 
$
842

 
$
2,448

 
$
(1,606
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.