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 December								Year-to-Date December
	2017			2016			% Change		2017			2016			% Change
Southern Company –
Operating Revenues	$	5,629		$	5,181		8.6	%	$	23,031		$	19,896		15.8	%
Earnings Before Income Taxes	325			239			36.0	%	1,068			3,480			(69.3	)%
Net Income Available to Common	496			197			151.8	%	842			2,448			(65.6	)%
Alabama Power –
Operating Revenues	$	1,433		$	1,329		7.8	%	$	6,039		$	5,889		2.5	%
Earnings Before Income Taxes	198			174			13.8	%	1,434			1,370			4.7	%
Net Income Available to Common	119			102			16.7	%	848			822			3.2	%
Georgia Power –
Operating Revenues	$	1,884		$	1,762		6.9	%	$	8,310		$	8,383		(0.9	)%
Earnings Before Income Taxes	352			163			116.0	%	2,258			2,127			6.2	%
Net Income Available to Common	227			113			100.9	%	1,414			1,330			6.3	%
Gulf Power –
Operating Revenues	$	372		$	349		6.6	%	$	1,516		$	1,485		2.1	%
Earnings Before Income Taxes	30			42			(28.6	)%	229			231			(0.9	)%
Net Income Available to Common	19			23			(17.4	)%	135			131			3.1	%
Mississippi Power –
Operating Revenues	$	271		$	277		(2.2	)%	$	1,187		$	1,163		2.1	%
Earnings (Loss) Before Income Taxes	(202		)	(162		)	24.7	%	(3,120		)	(152		)	N/M
Net Income (Loss) Available to Common	(556		)	(89		)	N/M		(2,590		)	(50		)	N/M
Southern Power –
Operating Revenues	$	478		$	389		22.9	%	$	2,075		$	1,577		31.6	%
Earnings (Loss) Before Income Taxes	(17		)	(8		)	112.5	%	178			179			(0.6	)%
Net Income Available to Common	795			23			N/M		1,071			338			216.9	%
Southern Company Gas1 –
Operating Revenues	$	1,079		$	1,109		(2.7	)%	$	3,920		$	1,652		137.3	%
Earnings Before Income Taxes	74			178			(58.4	)%	610			190			221.1	%
Net Income (Loss) Available to Common	(60		)	110			(154.5	)%	243			114			113.2	%
N/M - not meaningful
Notes
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented.
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. Year-to-Date December 2016 reflects financial results for Southern Company Gas for the period July 1, 2016 through December 31, 2016.