GEORGIA POWER CO - FORM 8-K - EX-99.07 - EXHIBIT 99.07 - February 22, 2017

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Exhibit 99.07
 
Southern Company
Financial Overview As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended December
 
Year-to-Date
December
 
 
2016
 
2015
 
% Change
 
20161
 
2015
 
% Change
Southern Company –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
5,181

 
$
3,568

 
45.2
 %
 
$
19,896

 
$
17,489

 
13.8
 %
Earnings Before Income Taxes
 
239

 
401

 
(40.4
)%
 
3,480

 
3,629

 
(4.1
)%
Net Income Available to Common
 
197

 
271

 
(27.3
)%
 
2,448

 
2,367

 
3.4
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,329

 
$
1,217

 
9.2
 %
 
$
5,889

 
$
5,768

 
2.1
 %
Earnings Before Income Taxes
 
174

 
204

 
(14.7
)%
 
1,370

 
1,317

 
4.0
 %
Net Income Available to Common
 
102

 
121

 
(15.7
)%
 
822

 
785

 
4.7
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,762

 
$
1,641

 
7.4
 %
 
$
8,383

 
$
8,326

 
0.7
 %
Earnings Before Income Taxes
 
163

 
312

 
(47.8
)%
 
2,127

 
2,046

 
4.0
 %
Net Income Available to Common
 
113

 
196

 
(42.3
)%
 
1,330

 
1,260

 
5.6
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
349

 
$
313

 
11.5
 %
 
$
1,485

 
$
1,483

 
0.1
 %
Earnings Before Income Taxes
 
42

 
47

 
(10.6
)%
 
231

 
249

 
(7.2
)%
Net Income Available to Common
 
23

 
28

 
(17.9
)%
 
131

 
148

 
(11.5
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
277

 
$
246

 
12.6
 %
 
$
1,163

 
$
1,138

 
2.2
 %
Earnings (Loss) Before Income Taxes
 
(162
)
 
(130
)
 
N/M

 
(152
)
 
(78
)
 
N/M

Net Income (Loss) Available to Common
 
(89
)
 
(71
)
 
N/M

 
(50
)
 
(8
)
 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
389

 
$
304

 
28.0
 %
 
$
1,577

 
$
1,390

 
13.5
 %
Earnings Before Income Taxes
 
(8
)
 
41

 
N/M

 
179

 
250

 
(28.4
)%
Net Income Available to Common
 
23

 
34

 
(32.4
)%
 
338

 
215

 
57.2
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Company Gas –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,109

 
$
—

 
N/A

 
$
1,652

 
$
—

 
N/A

Earnings Before Income Taxes
 
178

 
—

 
N/A

 
190

 
—

 
N/A

Net Income Available to Common
 
110

 
—

 
N/A

 
114

 
—

 
N/A

 
 
 
 
 
 
 
 
 
 
 
 
 
N/M - not meaningful
 
 
 
 
 
 
 
 
 
 
 
 
N/A - not applicable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $25 million for January 1, 2016 through September 30, 2016.
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Southern Company's acquisition of Southern Company Gas was completed on July 1, 2016. Year-to-Date December reflects financial results for Southern Company Gas for the period July 1, 2016 through December 31, 2016.