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 June								Year-to-Date June
	2017			2016			% Change		2017			2016			% Change
Southern Company –
Operating Revenues	$	5,430		$	4,459		21.8	%	$	11,202		$	8,451		32.6	%
Earnings (Loss) Before Income Taxes	(1,935		)	908			N/M		(957		)	1,627			N/M
Net Income (Loss) Available to Common	(1,381		)	623			N/M		(723		)	1,112			N/M
Alabama Power –
Operating Revenues	$	1,484		$	1,444		2.8	%	$	2,866		$	2,776		3.2	%
Earnings Before Income Taxes	386			358			7.8	%	689			621			11.0	%
Net Income Available to Common	230			213			8.0	%	403			370			8.9	%
Georgia Power –
Operating Revenues	$	2,048		$	2,051		(0.1	)%	$	3,880		$	3,923		(1.1	)%
Earnings Before Income Taxes	551			565			(2.5	)%	971			998			(2.7	)%
Net Income Available to Common	347			349			(0.6	)%	607			618			(1.8	)%
Gulf Power –
Operating Revenues	$	357		$	365		(2.2	)%	$	707		$	700		1.0	%
Earnings Before Income Taxes	61			61			—	%	95			112			(15.2	)%
Net Income Available to Common	35			34			2.9	%	53			63			(15.9	)%
Mississippi Power –
Operating Revenues	$	303		$	277		9.4	%	$	575		$	533		7.9	%
Earnings (Loss) Before Income Taxes	(2,934		)	(14		)	N/M		(2,981		)	(13		)	N/M
Net Income (Loss) Available to Common	(2,054		)	2			N/M		(2,074		)	13			N/M
Southern Power –
Operating Revenues	$	529		$	373		41.8	%	$	979		$	688		42.3	%
Earnings Before Income Taxes	66			60			10.0	%	78			87			(10.3	)%
Net Income Available to Common	82			89			(7.9	)%	151			139			8.6	%
Southern Company Gas1 –
Operating Revenues	$	716		$	—		N/A		$	2,276		$	—		N/A
Earnings Before Income Taxes	80			—			N/A		468			—			N/A
Net Income Available to Common	49			—			N/A		288			—			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 $11.3 million and $15.8 million for the three and six months ended June 30, 2016, respectively.
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas.