MISSISSIPPI POWER CO - FORM 8-K - EX-99.07 - EXHIBIT - October 29, 2014

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8-K - 8-K - MISSISSIPPI POWER COearnrelease8-kq32014.htm
EX-99.02 - EXHIBIT - MISSISSIPPI POWER COex9902-financialhighlights.htm
EX-99.03 - EXHIBIT - MISSISSIPPI POWER COex9903-significantfactorsi.htm
EX-99.04 - EXHIBIT - MISSISSIPPI POWER COex9904-epsearningsanalysis.htm
EX-99.05 - EXHIBIT - MISSISSIPPI POWER COex9905-consolidatedearning.htm
EX-99.01 - EXHIBIT - MISSISSIPPI POWER COex9901-pressreleaseq32014.htm
EX-99.06 - EXHIBIT - MISSISSIPPI POWER COex9906-kilowattxhoursalesq.htm


Exhibit 99.07
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
September
 
Year-to-Date
September
 
 
2014
 
2013
 
% Change
 
2014
 
2013
 
% Change
Consolidated –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
5,339

 
$
5,017

 
6.4
 %
 
$
14,450

 
$
13,160

 
9.8
 %
Earnings Before Income Taxes
 
1,127

 
1,337

 
(15.7
)%
 
2,620

 
1,936

 
35.3
 %
Net Income Available to Common
 
718

 
852

 
(15.7
)%
 
1,680

 
1,230

 
36.6
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,669

 
$
1,604

 
4.1
 %
 
$
4,614

 
$
4,304

 
7.2
 %
Earnings Before Income Taxes
 
475

 
442

 
7.5
 %
 
1,101

 
992

 
11.0
 %
Net Income Available to Common
 
282

 
258

 
9.3
 %
 
642

 
572

 
12.2
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
2,631

 
$
2,484

 
5.9
 %
 
$
7,086

 
$
6,408

 
10.6
 %
Earnings Before Income Taxes
 
846

 
790

 
7.1
 %
 
1,775

 
1,579

 
12.4
 %
Net Income Available to Common
 
525

 
487

 
7.8
 %
 
1,102

 
966

 
14.1
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
438

 
$
399

 
9.8
 %
 
$
1,229

 
$
1,097

 
12.1
 %
Earnings Before Income Taxes
 
78

 
75

 
4.3
 %
 
198

 
168

 
18.4
 %
Net Income Available to Common
 
47

 
45

 
4.0
 %
 
117

 
99

 
18.4
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
355

 
$
325

 
9.0
 %
 
$
997

 
$
878

 
13.6
 %
Earnings (Loss) Before Income Taxes
 
(334
)
 
(56
)
 
N/M

 
(556
)
 
(843
)
 
34.0
 %
Net Income (Loss) Available to Common
 
(195
)
 
(24
)
 
N/M

 
(305
)
 
(490
)
 
37.8
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
435

 
$
365

 
19.3
 %
 
$
1,115

 
$
975

 
14.4
 %
Earnings Before Income Taxes
 
87

 
103

 
(15.1
)%
 
154

 
180

 
(14.3
)%
Net Income Available to Common
 
64

 
85

 
(25.3
)%
 
128

 
142

 
(10.1
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
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.
 
 
 
 
 
 
 
 
 
 
 
 
 
- 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.