SOUTHERN CO - FORM 8-K - EX-99.07 - EXHIBIT 99.07 - November 1, 2017

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Exhibit 99.07
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September
 
Year-to-Date
September
 
 
2017
 
2016
 
% Change
 
2017
 
2016
 
% Change
Southern Company –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
6,201

 
$
6,264

 
(1.0
)%
 
$
17,403

 
$
14,715

 
18.3
 %
Earnings Before Income Taxes
 
1,699

 
1,616

 
5.1
 %
 
744

 
3,241

 
(77.0
)%
Net Income Available to Common
 
1,069

 
1,139

 
(6.1
)%
 
347

 
2,251

 
(84.6
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
1,740

 
$
1,785

 
(2.5
)%
 
$
4,606

 
$
4,561

 
1.0
 %
Earnings Before Income Taxes
 
546

 
575

 
(5.0
)%
 
1,236

 
1,196

 
3.3
 %
Net Income Available to Common
 
325

 
352

 
(7.7
)%
 
729

 
721

 
1.1
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
2,546

 
$
2,698

 
(5.6
)%
 
$
6,426

 
$
6,621

 
(2.9
)%
Earnings Before Income Taxes
 
934

 
967

 
(3.4
)%
 
1,906

 
1,964

 
(3.0
)%
Net Income Available to Common
 
580

 
600

 
(3.3
)%
 
1,188

 
1,217

 
(2.4
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Gulf Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
437

 
$
436

 
0.2
 %
 
$
1,144

 
$
1,136

 
0.7
 %
Earnings Before Income Taxes
 
103

 
77

 
33.8
 %
 
199

 
189

 
5.3
 %
Net Income Available to Common
 
63

 
45

 
40.0
 %
 
117

 
108

 
8.3
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
341

 
$
352

 
(3.1
)%
 
$
915

 
$
885

 
3.4
 %
Earnings (Loss) Before Income Taxes
 
64

 
24

 
166.7
 %
 
(2,918
)
 
11

 
N/M

Net Income (Loss) Available to Common
 
40

 
26

 
53.8
 %
 
(2,034
)
 
39

 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
618

 
$
500

 
23.6
 %
 
$
1,597

 
$
1,189

 
34.3
 %
Earnings Before Income Taxes
 
115

 
101

 
13.9
 %
 
195

 
187

 
4.3
 %
Net Income Available to Common
 
124

 
176

 
(29.5
)%
 
276

 
315

 
(12.4
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
Southern Company Gas1 –
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
 
$
565

 
$
543

 
4.1
 %
 
$
2,841

 
$
543

 
N/M

Earnings Before Income Taxes
 
67

 
11

 
N/M

 
536

 
11

 
N/M

Net Income Available to Common
 
15

 
4

 
N/M

 
303

 
4

 
N/M

 
 
 
 
 
 
 
 
 
 
 
 
 
N/M - not meaningful
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 $9 million and $25 million for the three and nine months ended September 30, 2016, respectively.
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas.
 


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