SOUTHERN CO - FORM 8-K - EX-99.07 - EXHIBIT - October 30, 2013

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EX-99.01 - EXHIBIT - SOUTHERN COex9901-pressreleaseq32013.htm
EX-99.02 - EXHIBIT - SOUTHERN COex9902-financialhighlights.htm
8-K - 8-K - SOUTHERN COa8-kearningsreleaseq32013.htm
EX-99.06 - EXHIBIT - SOUTHERN COex9906-kilowattxhoursalesq.htm
EX-99.04 - EXHIBIT - SOUTHERN COex9904-epsearningsanalysis.htm
EX-99.05 - EXHIBIT - SOUTHERN COex9905-consolidatedearning.htm
EX-99.03 - EXHIBIT - SOUTHERN COex9903-significantfactorsi.htm


Exhibit 99.07
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
September
 
Year-to-Date
September
 
 
2013
 
2012
 
% Change
 
2013
 
2012
 
% Change
Consolidated –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
5,017

 
$
5,049

 
(0.6
)%
 
$
13,160

 
$
12,834

 
2.5
 %
Earnings Before Income Taxes
 
1,337

 
1,562

 
(14.4
)%
 
1,936

 
3,114

 
(37.8
)%
Net Income Available to Common
 
852

 
976

 
(12.7
)%
 
1,230

 
1,967

 
(37.5
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,604

 
$
1,637

 
(2.0
)%
 
$
4,304

 
$
4,230

 
1.7
 %
Earnings Before Income Taxes
 
442

 
474

 
(6.8
)%
 
992

 
1,015

 
(2.3
)%
Net Income Available to Common
 
258

 
280

 
(7.9
)%
 
572

 
591

 
(3.2
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
2,484

 
$
2,498

 
(0.6
)%
 
$
6,408

 
$
6,263

 
2.3
 %
Earnings Before Income Taxes
 
790

 
843

 
(6.3
)%
 
1,579

 
1,558

 
1.3
 %
Net Income Available to Common
 
487

 
525

 
(7.2
)%
 
966

 
987

 
(2.1
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
399

 
$
422

 
(5.3
)%
 
$
1,097

 
$
1,108

 
(1.0
)%
Earnings Before Income Taxes
 
75

 
80

 
(5.7
)%
 
168

 
172

 
(2.7
)%
Net Income Available to Common
 
45

 
48

 
(6.3
)%
 
99

 
103

 
(4.1
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
325

 
$
305

 
6.5
 %
 
$
878

 
$
800

 
9.7
 %
Earnings Before Income Taxes
 
(56
)
 
77

 
N/M

 
(843
)
 
159

 
N/M

Net Income Available to Common
 
(24
)
 
55

 
N/M

 
(490
)
 
115

 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
365

 
$
355

 
2.8
 %
 
$
975

 
$
894

 
9.0
 %
Earnings Before Income Taxes
 
103

 
102

 
1.2
 %
 
180

 
220

 
(18.4
)%
Net Income Available to Common
 
85

 
68

 
24.5
 %
 
142

 
144

 
(1.4
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
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.
 


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