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

Exhibit 99.07
Southern Company
Financial Overview As Reported
(In Millions of Dollars)
	Three Months Ended March
	2017			2016		% Change
Southern Company –
Operating Revenues	$	5,771		$	3,992	44.6	%
Earnings Before Income Taxes	980			718		36.5	%
Net Income Available to Common	658			489		34.6	%
Alabama Power –
Operating Revenues	$	1,382		$	1,331	3.8	%
Earnings Before Income Taxes	304			262		16.0	%
Net Income Available to Common	174			156		11.5	%
Georgia Power –
Operating Revenues	$	1,832		$	1,872	(2.1	)%
Earnings Before Income Taxes	420			432		(2.8	)%
Net Income Available to Common	260			269		(3.3	)%
Gulf Power –
Operating Revenues	$	350		$	335	4.5	%
Earnings Before Income Taxes	34			51		(33.3	)%
Net Income Available to Common	18			29		(37.9	)%
Mississippi Power –
Operating Revenues	$	272		$	257	5.8	%
Earnings (Loss) Before Income Taxes	(47		)	1		N/M
Net Income (Loss) Available to Common	(20		)	11		N/M
Southern Power –
Operating Revenues	$	450		$	315	42.9	%
Earnings Before Income Taxes	14			28		(50.0	)%
Net Income Available to Common	70			50		40.0	%
Southern Company Gas1 –
Operating Revenues	$	1,560		$	—	N/A
Earnings Before Income Taxes	389			—		N/A
Net Income Available to Common	239			—		N/A
N/M - not meaningful
N/A - not applicable
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 $4.5 million for the three months ended March 31, 2016.
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas.