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Exhibit 99.05 |
|
Southern Company |
Consolidated Earnings |
As Reported |
(In Millions of Dollars) |
| | | | | | | | | | | |
| | | Three Months Ended March |
| | | | | | | 2023 | | 2022 | | Change |
Retail Electric Revenues- | | | | | | | | | | | |
Fuel | | | | | | | $ | 1,050 | | | $ | 1,014 | | | $ | 36 | |
Non-Fuel | | | | | | | 2,549 | | | 2,599 | | | (50) | |
Wholesale Electric Revenues | | | | | | | 599 | | | 664 | | | (65) | |
Other Electric Revenues | | | | | | | 190 | | | 177 | | | 13 | |
Natural Gas Revenues | | | | | | | 1,875 | | | 2,058 | | | (183) | |
Other Revenues | | | | | | | 217 | | | 136 | | | 81 | |
Total Operating Revenues | | | | | | | 6,480 | | | 6,648 | | | (168) | |
Fuel and Purchased Power | | | | | | | 1,292 | | | 1,343 | | | (51) | |
Cost of Natural Gas | | | | | | | 898 | | | 1,095 | | | (197) | |
Cost of Other Sales | | | | | | | 127 | | | 69 | | | 58 | |
Non-Fuel O&M | | | | | | | 1,482 | | | 1,516 | | | (34) | |
Depreciation and Amortization | | | | | | | 1,111 | | | 892 | | | 219 | |
Taxes Other Than Income Taxes | | | | | | | 394 | | | 372 | | | 22 | |
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Gain on Dispositions, net | | | | | | | (42) | | | (23) | | | (19) | |
Total Operating Expenses | | | | | | | 5,262 | | | 5,264 | | | (2) | |
Operating Income | | | | | | | 1,218 | | | 1,384 | | | (166) | |
Allowance for Equity Funds Used During Construction | | | | | | | 65 | | | 51 | | | 14 | |
Earnings from Equity Method Investments | | | | | | | 48 | | | 46 | | | 2 | |
Interest Expense, Net of Amounts Capitalized | | | | | | | 582 | | | 462 | | | 120 | |
| | | | | | | | | | | |
Other Income (Expense), net | | | | | | | 147 | | | 145 | | | 2 | |
Income Taxes | | | | | | | 97 | | | 173 | | | (76) | |
Net Income | | | | | | | 799 | | | 991 | | | (192) | |
Dividends on Preferred Stock of Subsidiaries | | | | | | | — | | | 4 | | | (4) | |
Net Loss Attributable to Noncontrolling Interests | | | | | | | (63) | | | (45) | | | (18) | |
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | | | | | | | $ | 862 | | | $ | 1,032 | | | $ | (170) | |