EX-99.05 6 ex9905-consolidatedearning.htm EXHIBIT 99.05 Exhibit


Exhibit 99.05
 
 
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
 
 
 
 
 
 
 
 
 
Three Months Ended
March
 
 
2019
 
2018
 
Change
Income Account-
 
 
 
 
 
 
Retail Electric Revenues-
 
 
 
 
 
 
Fuel
 
$
804

 
$
1,027

 
$
(223
)
Non-Fuel
 
2,280

 
2,541

 
(261
)
Wholesale Electric Revenues
 
499

 
623

 
(124
)
Other Electric Revenues
 
168

 
161

 
7

Natural Gas Revenues
 
1,474

 
1,607

 
(133
)
Other Revenues
 
187

 
413

 
(226
)
Total Revenues
 
5,412

 
6,372

 
(960
)
Fuel and Purchased Power
 
1,020

 
1,368

 
(348
)
Cost of Natural Gas
 
686

 
720

 
(34
)
Cost of Other Sales
 
118

 
289

 
(171
)
Non-Fuel O & M
 
1,312

 
1,451

 
(139
)
Depreciation and Amortization
 
751

 
769

 
(18
)
Taxes Other Than Income Taxes
 
329

 
355

 
(26
)
Estimated Loss on Plants Under Construction
 
2

 
44

 
(42
)
Gain on Dispositions, net
 
(2,497
)
 
—

 
(2,497
)
Total Operating Expenses
 
1,721

 
4,996

 
(3,275
)
Operating Income
 
3,691

 
1,376

 
2,315

Allowance for Equity Funds Used During Construction
 
32

 
30

 
2

Earnings from Equity Method Investments
 
48

 
41

 
7

Interest Expense, Net of Amounts Capitalized
 
430

 
458

 
(28
)
Other Income (Expense), net
 
78

 
60

 
18

Income Taxes
 
1,360

 
113

 
1,247

Net Income
 
2,059

 
936

 
1,123

Less:
 
 
 
 
 
 
Dividends on Preferred Stock of Subsidiaries
 
4

 
4

 
—

Net Loss Attributable to Noncontrolling Interests
 
(29
)
 
(6
)
 
(23
)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY
 
$
2,084

 
$
938

 
$
1,146

 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data may have been reclassified to conform with current year presentation.