SOUTHERN CO - FORM 8-K - EX-99.07 - EXHIBIT - July 31, 2013

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8-K - 8-K - SOUTHERN COa8-kearningsreleaseq22013.htm
EX-99.01 - EXHIBIT - SOUTHERN COex9901-pressreleaseq22013.htm
EX-99.03 - EXHIBIT - SOUTHERN COex9903-significantfactorsi.htm
EX-99.05 - EXHIBIT - SOUTHERN COex9905-consolidatedearning.htm
EX-99.06 - EXHIBIT - SOUTHERN COex9906-kilowattxhoursalesq.htm
EX-99.04 - EXHIBIT - SOUTHERN COex9904-epsearningsanalysis.htm
EX-99.02 - EXHIBIT - SOUTHERN COex9902-financialhighlights.htm


Exhibit 99.07
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June
 
Year-to-Date June
 
 
2013
 
2012
 
% Change
 
2013
 
2012
 
% Change
Consolidated –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
4,246

 
$
4,181

 
1.6
 %
 
$
8,143

 
$
7,785

 
4.6
 %
Earnings Before Income Taxes
 
471

 
968

 
(51.3
)%
 
599

 
1,552

 
(61.4
)%
Net Income Available to Common
 
297

 
623

 
(52.3
)%
 
378

 
991

 
(61.9
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,392

 
$
1,377

 
1.1
 %
 
$
2,700

 
$
2,593

 
4.1
 %
Earnings Before Income Taxes
 
302

 
321

 
(5.9
)%
 
550

 
541

 
1.7
 %
Net Income Available to Common
 
173

 
185

 
(6.5
)%
 
314

 
311

 
1.0
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
2,042

 
$
2,020

 
1.1
 %
 
$
3,924

 
$
3,765

 
4.2
 %
Earnings Before Income Taxes
 
464

 
452

 
2.7
 %
 
789

 
715

 
10.3
 %
Net Income Available to Common
 
282

 
295

 
(4.4
)%
 
479

 
462

 
3.7
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
371

 
$
370

 
0.3
 %
 
$
697

 
$
686

 
1.6
 %
Earnings Before Income Taxes
 
55

 
59

 
(6.2
)%
 
92

 
93

 
(0.2
)%
Net Income Available to Common
 
33

 
35

 
(6.8
)%
 
54

 
56

 
(2.3
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
306

 
$
266

 
15.2
 %
 
$
552

 
$
495

 
11.6
 %
Earnings Before Income Taxes
 
(372
)
 
48

 
N/M

 
(787
)
 
82

 
N/M

Net Income Available to Common
 
(219
)
 
35

 
N/M

 
(465
)
 
60

 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
307

 
$
286

 
7.5
 %
 
$
610

 
$
539

 
13.1
 %
Earnings Before Income Taxes
 
33

 
76

 
(56.8
)%
 
77

 
119

 
(35.3
)%
Net Income Available to Common
 
28

 
47

 
(40.1
)%
 
57

 
76

 
(24.8
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
N/M - not meaningful
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
- Mississippi Power Company restated its 2012 financial statements to reflect a pre-tax charge to income for the estimated probable loss on Kemper IGCC of $78 million ($48 million after tax) in 2012. Southern Company evaluated the portion of the estimated probable loss related to 2012 and concluded it was not material to Southern Company. Therefore, Southern Company reflected the pre-tax charge to income for this portion of the estimated probable loss related to 2012 in the first quarter 2013.
 
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data has 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.
 


SOUTHERN CO Reports