SOUTHERN CO - FORM 8-K - EX-99.05 - EXHIBIT 99.05 - November 1, 2017

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8-K - 8-K - SOUTHERN COearnrelease8-kq32017.htm
EX-99.07 - EXHIBIT 99.07 - SOUTHERN COex9907-financialoverviewq3.htm
EX-99.06 - EXHIBIT 99.06 - SOUTHERN COex9906-kilowattxhoursalesa.htm
EX-99.04 - EXHIBIT 99.04 - SOUTHERN COex9904-epsearningsanalysis.htm
EX-99.03 - EXHIBIT 99.03 - SOUTHERN COex9903-significantfactorsi.htm
EX-99.02 - EXHIBIT 99.02 - SOUTHERN COex9902-financialhighlights.htm
EX-99.01 - EXHIBIT 99.01 - SOUTHERN COex9901-pressreleaseq32017.htm


Exhibit 99.05
 
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September
 
Year-to-Date
September
 
 
2017
 
2016
 
Change
 
2017
 
2016
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,185

 
$
1,296

 
$
(111
)
 
$
3,130

 
$
3,169

 
$
(39
)
Non-Fuel
 
3,430

 
3,512

 
(82
)
 
8,656

 
8,763

 
(107
)
Wholesale Electric Revenues
 
718

 
613

 
105

 
1,867

 
1,455

 
412

Other Electric Revenues
 
168

 
181

 
(13
)
 
510

 
529

 
(19
)
Natural Gas Revenues
 
532

 
518

 
14

 
2,746

 
518

 
2,228

Other Revenues
 
168

 
144

 
24

 
494

 
281

 
213

Total Revenues
 
6,201

 
6,264

 
(63
)
 
17,403

 
14,715

 
2,688

Fuel and Purchased Power
 
1,541

 
1,627

 
(86
)
 
4,018

 
3,915

 
103

Cost of Natural Gas
 
134

 
133

 
1

 
1,085

 
133

 
952

Cost of Other Sales
 
90

 
84

 
6

 
293

 
161

 
132

Non-Fuel O & M
 
1,287

 
1,411

 
(124
)
 
3,918

 
3,616

 
302

Depreciation and Amortization
 
767

 
695

 
72

 
2,236

 
1,805

 
431

Taxes Other Than Income Taxes
 
303

 
309

 
(6
)
 
941

 
821

 
120

Estimated Loss on Kemper IGCC
 
34

 
88

 
(54
)
 
3,155

 
222

 
2,933

Total Operating Expenses
 
4,156

 
4,347

 
(191
)
 
15,646

 
10,673

 
4,973

Operating Income
 
2,045

 
1,917

 
128

 
1,757

 
4,042

 
(2,285
)
Allowance for Equity Funds Used During Construction
 
18

 
52

 
(34
)
 
133

 
150

 
(17
)
Earnings from Equity Method Investments
 
32

 
29

 
3

 
100

 
28

 
72

Interest Expense, Net of Amounts Capitalized
 
407

 
374

 
33

 
1,248

 
913

 
335

Other Income (Expense), net
 
11

 
(8
)
 
19

 
2

 
(66
)
 
68

Income Taxes
 
590

 
439

 
151

 
317

 
917

 
(600
)
Net Income
 
1,109

 
1,177

 
(68
)
 
427

 
2,324

 
(1,897
)
Less:
 
 
 
 
 
 
 
 
 
 
 
 
Dividends on Preferred and Preference Stock of Subsidiaries
 
10

 
11

 
(1
)
 
32

 
34

 
(2
)
Net Income Attributable to Noncontrolling Interests
 
30

 
27

 
3

 
48

 
39

 
9

NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
1,069

 
$
1,139

 
$
(70
)
 
$
347

 
$
2,251

 
$
(1,904
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.
 
- 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 $9 million and $25 million for the three and nine months ended September 30, 2016, respectively.
 


SOUTHERN CO Reports