Exhibit 99.07
 
 
 
 
 
 
 
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
June
 
Year-to-Date
June
 
 
2019
 
2018
 
% Change
 
2019
 
2018
 
% Change
Southern Company1 –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
5,098

 
$
5,627

 
(9.4
)%
 
$
10,510

 
$
11,999

 
(12.4
)%
Earnings (Loss) Before Income Taxes
 
1,076

 
(266
)
 
N/M

 
4,494

 
784

 
N/M

Net Income (Loss) Available to Common
 
899

 
(154
)
 
N/M

 
2,982

 
784

 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,513

 
$
1,503

 
0.7
 %
 
$
2,921

 
$
2,976

 
(1.8
)%
Earnings Before Income Taxes
 
388

 
326

 
19.0
 %
 
671

 
636

 
5.5
 %
Net Income Available to Common
 
296

 
259

 
14.3
 %
 
513

 
484

 
6.0
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
2,117

 
$
2,048

 
3.4
 %
 
$
3,951

 
$
4,008

 
(1.4
)%
Earnings (Loss) Before Income Taxes
 
577

 
(539
)
 
N/M

 
970

 
(94
)
 
N/M

Net Income (Loss) Available to Common
 
448

 
(396
)
 
N/M

 
759

 
(44
)
 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
313

 
$
297

 
5.4
 %
 
$
600

 
$
598

 
0.3
 %
Earnings Before Income Taxes
 
42

 
60

 
(30.0
)%
 
86

 
49

 
75.5
 %
Net Income Available to Common
 
37

 
46

 
(19.6
)%
 
74

 
39

 
89.7
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power1 –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
510

 
$
555

 
(8.1
)%
 
$
953

 
$
1,064

 
(10.4
)%
Earnings (Loss) Before Income Taxes
 
152

 
(28
)
 
N/M

 
170

 
(12
)
 
N/M

Net Income Available to Common
 
174

 
22

 
N/M

 
230

 
143

 
60.8
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Company Gas1 –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
689

 
$
730

 
(5.6
)%
 
$
2,163

 
$
2,369

 
(8.7
)%
Earnings Before Income Taxes
 
112

 
24

 
N/M

 
459

 
407

 
12.8
 %
Net Income (Loss) Available to Common
 
106

 
(31
)
 
N/M

 
376

 
248

 
51.6
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
N/M - not meaningful
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented.
 
 
 
 
 
 
 
(1)
Financial comparisons to the prior year were impacted by (i) Southern Company Gas' disposition of: (a) Pivotal Home Solutions on June 4, 2018, (b) Elizabethtown Gas and Elkton Gas on July 1, 2018, and (c) Florida City Gas on July 29, 2018; (ii) the disposition of Southern Power Company’s ownership interest in Plants Oleander and Stanton on December 4, 2018; (iii) Southern Power Company's sale of (a) a 33% equity interest in a limited partnership indirectly owning substantially all of its solar facilities on May 22, 2018 and (b) a noncontrolling interest in its subsidiary owning eight operating wind facilities on December 11, 2018; and (iv) the disposition of Gulf Power Company on January 1, 2019.