SOUTHERN CO - FORM 8-K - EX-99.07 - EXHIBIT - April 30, 2014

Attached files

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8-K - 8-K - SOUTHERN COa8-kearningsreleaseq12014.htm
EX-99.01 - EXHIBIT - SOUTHERN COex9901-pressreleaseq12014.htm
EX-99.02 - EXHIBIT - SOUTHERN COex9902-financialhighlights.htm
EX-99.03 - EXHIBIT - SOUTHERN COex9903-significantfactorsi.htm
EX-99.05 - EXHIBIT - SOUTHERN COex9905-consolidatedearning.htm
EX-99.04 - EXHIBIT - SOUTHERN COex9904-epsearningsanalysis.htm
EX-99.06 - EXHIBIT - SOUTHERN COex9906-kilowattxhoursalesq.htm


Exhibit 99.07
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
Three Months Ended March
 
 
2014
 
2013
 
% Change
Consolidated –
 
 
 
 
 
 
Operating Revenues
 
$
4,644

 
$
3,897

 
19.2
 %
Earnings Before Income Taxes
 
544

 
128

 
N/M

Net Income Available to Common
 
351

 
81

 
N/M

 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
Operating Revenues
 
$
1,508

 
$
1,308

 
15.3
 %
Earnings Before Income Taxes
 
324

 
248

 
30.6
 %
Net Income Available to Common
 
187

 
141

 
32.6
 %
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
Operating Revenues
 
$
2,269

 
$
1,882

 
20.6
 %
Earnings Before Income Taxes
 
436

 
325

 
34.2
 %
Net Income Available to Common
 
266

 
197

 
35.0
 %
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
Operating Revenues
 
$
407

 
$
326

 
24.8
 %
Earnings Before Income Taxes
 
62

 
37

 
66.4
 %
Net Income Available to Common
 
37

 
22

 
68.6
 %
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
Operating Revenues
 
$
331

 
$
246

 
34.7
 %
Earnings Before Income Taxes
 
(301
)
 
(415
)
 
27.4
 %
Net Income Available to Common
 
(172
)
 
(246
)
 
30.2
 %
 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
Operating Revenues
 
$
351

 
$
303

 
15.8
 %
Earnings Before Income Taxes
 
37

 
44

 
(14.9
)%
Net Income Available to Common
 
33

 
29

 
14.7
 %
 
 
 
 
 
 
 
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