Exhibit 99.05 | ||||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||||
Consolidated Earnings As Reported | ||||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||||
Three Months Ended December | Year-to-Date December | |||||||||||||||||||||||
2016 | 2015 | Change | 2016 | 2015 | Change | |||||||||||||||||||
Income Account- | ||||||||||||||||||||||||
Retail Electric Revenues- | ||||||||||||||||||||||||
Fuel | $ | 952 | $ | 786 | $ | 166 | $ | 4,121 | $ | 4,437 | $ | (316 | ) | |||||||||||
Non-Fuel | 2,350 | 2,243 | 107 | 11,113 | 10,550 | 563 | ||||||||||||||||||
Wholesale Electric Revenues | 471 | 363 | 108 | 1,926 | 1,798 | 128 | ||||||||||||||||||
Other Electric Revenues | 169 | 163 | 6 | 698 | 657 | 41 | ||||||||||||||||||
Natural Gas Revenues | 1,078 | — | 1,078 | 1,596 | — | 1,596 | ||||||||||||||||||
Other Revenues | 161 | 13 | 148 | 442 | 47 | 395 | ||||||||||||||||||
Total Revenues | 5,181 | 3,568 | 1,613 | 19,896 | 17,489 | 2,407 | ||||||||||||||||||
Fuel and Purchased Power | 1,196 | 956 | 240 | 5,111 | 5,395 | (284 | ) | |||||||||||||||||
Cost of Natural Gas | 480 | — | 480 | 613 | — | 613 | ||||||||||||||||||
Cost of Other Sales | 99 | — | 99 | 260 | — | 260 | ||||||||||||||||||
Non-Fuel O & M | 1,624 | 1,096 | 528 | 5,240 | 4,416 | 824 | ||||||||||||||||||
Depreciation and Amortization | 697 | 519 | 178 | 2,502 | 2,034 | 468 | ||||||||||||||||||
Taxes Other Than Income Taxes | 292 | 236 | 56 | 1,113 | 997 | 116 | ||||||||||||||||||
Estimated Loss on Kemper IGCC | 206 | 183 | 23 | 428 | 365 | 63 | ||||||||||||||||||
Total Operating Expenses | 4,594 | 2,990 | 1,604 | 15,267 | 13,207 | 2,060 | ||||||||||||||||||
Operating Income | 587 | 578 | 9 | 4,629 | 4,282 | 347 | ||||||||||||||||||
Allowance for Equity Funds Used During Construction | 52 | 63 | (11 | ) | 202 | 226 | (24 | ) | ||||||||||||||||
Earnings from equity method investments | 31 | — | 31 | 59 | — | 59 | ||||||||||||||||||
Interest Expense, Net of Amounts Capitalized | 404 | 228 | 176 | 1,317 | 840 | 477 | ||||||||||||||||||
Other Income (Expense), net | (27 | ) | (12 | ) | (15 | ) | (93 | ) | (39 | ) | (54 | ) | ||||||||||||
Income Taxes | 34 | 118 | (84 | ) | 951 | 1,194 | (243 | ) | ||||||||||||||||
Net Income | 205 | 283 | (78 | ) | 2,529 | 2,435 | 94 | |||||||||||||||||
Less: | ||||||||||||||||||||||||
Dividends on Preferred and Preference Stock of Subsidiaries | 11 | 12 | (1 | ) | 45 | 54 | (9 | ) | ||||||||||||||||
Net Income Attributable to Noncontrolling Interests | (3 | ) | — | (3 | ) | 36 | 14 | 22 | ||||||||||||||||
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | $ | 197 | $ | 271 | $ | (74 | ) | $ | 2,448 | $ | 2,367 | $ | 81 | |||||||||||
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 $25 million for January 1, 2016 through September 30, 2016. |
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8-K Filing
SOUTHERN Co GAS (GAS) 8-KResults of Operations and Financial Condition
Filed: 22 Feb 17, 12:00am