SOUTHERN Co GAS (GAS) 8-K Results of Operations and Financial Condition

Exhibit 99.05
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
	Three Months Ended September								Year-to-Date September
	2016		2015			Change			2016			2015			Change
Income Account-
Retail Electric Revenues-
Fuel	$	1,296	$	1,432		$	(136	)	$	3,169		$	3,651		$	(482	)
Non-Fuel	3,512		3,269			243			8,763			8,307			456
Wholesale Electric Revenues	613		520			93			1,455			1,435			20
Other Electric Revenues	181		169			12			529			494			35
Natural Gas Revenues	518		—			518			518			—			518
Other Revenues	144		11			133			281			34			247
Total Revenues	6,264		5,401			863			14,715			13,921			794
Fuel and Purchased Power	1,627		1,713			(86		)	3,915			4,439			(524		)
Cost of Natural Gas	133		—			133			133			—			133
Cost of Other Sales	84		—			84			161			—			161
Non-Fuel O & M	1,411		1,097			314			3,616			3,320			296
Depreciation and Amortization	695		528			167			1,805			1,515			290
Taxes Other Than Income Taxes	309		264			45			821			761			60
Estimated Loss on Kemper IGCC	63		150			(87		)	197			182			15
Total Operating Expenses	4,322		3,752			570			10,648			10,217			431
Operating Income	1,942		1,649			293			4,067			3,704			363
Allowance for Equity Funds Used During Construction	52		60			(8		)	150			163			(13		)
Interest Expense, Net of Amounts Capitalized	374		218			156			913			612			301
Other Income (Expense), net	21		(21		)	42			(38		)	(41		)	3
Income Taxes	458		500			(42		)	951			1,076			(125		)
Net Income	1,183		970			213			2,315			2,138			177
Less:
Dividends on Preferred and Preference Stock of Subsidiaries	11		11			—			34			42			(8		)
Net Income Attributable to Noncontrolling Interests	27		—			27			39			—			39
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	1,145	$	959		$	186		$	2,242		$	2,096		$	146
Notes
- Certain prior year data may have been reclassified to conform with current year presentation.
- 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.