EX-99.05 6 ex9905-consolidatedear.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
 
 
2019
 
2018
 
Change
 
2019
 
2018
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,083

 
$
1,222

 
$
(139
)
 
$
2,807

 
$
3,271

 
$
(464
)
Non-Fuel
 
3,429

 
3,383

 
46

 
8,329

 
8,642

 
(313
)
Wholesale Electric Revenues
 
625

 
698

 
(73
)
 
1,667

 
1,937

 
(270
)
Other Electric Revenues
 
163

 
165

 
(2
)
 
492

 
495

 
(3
)
Natural Gas Revenues
 
498

 
492

 
6

 
2,661

 
2,806

 
(145
)
Other Revenues
 
197

 
199

 
(2
)
 
549

 
1,007

 
(458
)
Total Revenues
 
5,995

 
6,159

 
(164
)
 
16,505

 
18,158

 
(1,653
)
Fuel and Purchased Power
 
1,326

 
1,567

 
(241
)
 
3,461

 
4,274

 
(813
)
Cost of Natural Gas
 
79

 
104

 
(25
)
 
956

 
1,053

 
(97
)
Cost of Other Sales
 
114

 
120

 
(6
)
 
316

 
688

 
(372
)
Non-Fuel O & M
 
1,292

 
1,404

 
(112
)
 
3,888

 
4,217

 
(329
)
Depreciation and Amortization
 
760

 
787

 
(27
)
 
2,267

 
2,338

 
(71
)
Taxes Other Than Income Taxes
 
303

 
319

 
(16
)
 
931

 
990

 
(59
)
Estimated Loss on Plants Under Construction
 
4

 
1

 
3

 
10

 
1,105

 
(1,095
)
Impairment Charges
 
110

 
36

 
74

 
142

 
197

 
(55
)
(Gain) Loss on Dispositions, net
 
(6
)
 
(353
)
 
347

 
(2,512
)
 
(317
)
 
(2,195
)
Total Operating Expenses
 
3,982

 
3,985

 
(3
)
 
9,459

 
14,545

 
(5,086
)
Operating Income
 
2,013

 
2,174

 
(161
)
 
7,046

 
3,613

 
3,433

Allowance for Equity Funds Used During Construction
 
33

 
36

 
(3
)
 
96

 
99

 
(3
)
Earnings from Equity Method Investments
 
39

 
36

 
3

 
120

 
108

 
12

Interest Expense, Net of Amounts Capitalized
 
434

 
458

 
(24
)
 
1,294

 
1,386

 
(92
)
Other Income (Expense), net
 
61

 
57

 
4

 
239

 
195

 
44

Income Taxes
 
367

 
623

 
(256
)
 
1,872

 
598

 
1,274

Net Income
 
1,345

 
1,222

 
123

 
4,335

 
2,031

 
2,304

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred Stock of Subsidiaries
 
4

 
4

 
—

 
11

 
12

 
(1
)
Net Income Attributable to Noncontrolling Interests
 
25

 
54

 
(29
)
 
26

 
71

 
(45
)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
1,316

 
$
1,164

 
$
152

 
$
4,298

 
$
1,948

 
$
2,350

 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.