Exhibit 99.07 | ||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||
Financial Overview | ||||||||||||||||||||||
As Reported | ||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||
Three Months Ended September | Year-to-Date September | |||||||||||||||||||||
2017 | 2016 | % Change | 2017 | 2016 | % Change | |||||||||||||||||
Southern Company – | ||||||||||||||||||||||
Operating Revenues | $ | 6,201 | $ | 6,264 | (1.0 | )% | $ | 17,403 | $ | 14,715 | 18.3 | % | ||||||||||
Earnings Before Income Taxes | 1,699 | 1,616 | 5.1 | % | 744 | 3,241 | (77.0 | )% | ||||||||||||||
Net Income Available to Common | 1,069 | 1,139 | (6.1 | )% | 347 | 2,251 | (84.6 | )% | ||||||||||||||
Alabama Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,740 | $ | 1,785 | (2.5 | )% | $ | 4,606 | $ | 4,561 | 1.0 | % | ||||||||||
Earnings Before Income Taxes | 546 | 575 | (5.0 | )% | 1,236 | 1,196 | 3.3 | % | ||||||||||||||
Net Income Available to Common | 325 | 352 | (7.7 | )% | 729 | 721 | 1.1 | % | ||||||||||||||
Georgia Power – | ||||||||||||||||||||||
Operating Revenues | $ | 2,546 | $ | 2,698 | (5.6 | )% | $ | 6,426 | $ | 6,621 | (2.9 | )% | ||||||||||
Earnings Before Income Taxes | 934 | 967 | (3.4 | )% | 1,906 | 1,964 | (3.0 | )% | ||||||||||||||
Net Income Available to Common | 580 | 600 | (3.3 | )% | 1,188 | 1,217 | (2.4 | )% | ||||||||||||||
Gulf Power – | ||||||||||||||||||||||
Operating Revenues | $ | 437 | $ | 436 | 0.2 | % | $ | 1,144 | $ | 1,136 | 0.7 | % | ||||||||||
Earnings Before Income Taxes | 103 | 77 | 33.8 | % | 199 | 189 | 5.3 | % | ||||||||||||||
Net Income Available to Common | 63 | 45 | 40.0 | % | 117 | 108 | 8.3 | % | ||||||||||||||
Mississippi Power – | ||||||||||||||||||||||
Operating Revenues | $ | 341 | $ | 352 | (3.1 | )% | $ | 915 | $ | 885 | 3.4 | % | ||||||||||
Earnings (Loss) Before Income Taxes | 64 | 24 | 166.7 | % | (2,918 | ) | 11 | N/M | ||||||||||||||
Net Income (Loss) Available to Common | 40 | 26 | 53.8 | % | (2,034 | ) | 39 | N/M | ||||||||||||||
Southern Power – | ||||||||||||||||||||||
Operating Revenues | $ | 618 | $ | 500 | 23.6 | % | $ | 1,597 | $ | 1,189 | 34.3 | % | ||||||||||
Earnings Before Income Taxes | 115 | 101 | 13.9 | % | 195 | 187 | 4.3 | % | ||||||||||||||
Net Income Available to Common | 124 | 176 | (29.5 | )% | 276 | 315 | (12.4 | )% | ||||||||||||||
Southern Company Gas1 – | ||||||||||||||||||||||
Operating Revenues | $ | 565 | $ | 543 | 4.1 | % | $ | 2,841 | $ | 543 | N/M | |||||||||||
Earnings Before Income Taxes | 67 | 11 | N/M | 536 | 11 | N/M | ||||||||||||||||
Net Income Available to Common | 15 | 4 | N/M | 303 | 4 | N/M | ||||||||||||||||
N/M - not meaningful | ||||||||||||||||||||||
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 $9 million and $25 million for the three and nine months ended September 30, 2016, respectively. | ||||||||||||||||||||||
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. |
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8-K Filing
SOUTHERN Co GAS (GAS) 8-KResults of Operations and Financial Condition
Filed: 1 Nov 17, 12:00am