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

Exhibit 99.05
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
	Three Months Ended September						Year-to-Date September
	2020		2019		Change		2020		2019		Change
Income Account-
Retail Electric Revenues-
Fuel	$	949	$	1,083	$	(134)	$	2,301	$	2,807	$	(506)
Non-Fuel	3,294		3,429		(135)		8,202		8,329		(127)
Wholesale Electric Revenues	584		625		(41)		1,473		1,667		(194)
Other Electric Revenues	164		163		1		484		492		(8)
Natural Gas Revenues	477		498		(21)		2,362		2,661		(299)
Other Revenues	152		197		(45)		436		549		(113)
Total Revenues	5,620		5,995		(375)		15,258		16,505		(1,247)
Fuel and Purchased Power	1,163		1,326		(163)		2,801		3,461		(660)
Cost of Natural Gas	71		79		(8)		654		956		(302)
Cost of Other Sales	72		114		(42)		201		316		(115)
Non-Fuel O&M	1,286		1,296		(10)		3,785		3,898		(113)
Depreciation and Amortization	889		760		129		2,619		2,267		352
Taxes Other Than Income Taxes	304		303		1		932		931		1
Estimated Loss on Plant Vogtle Units 3 and 4	—		—		—		149		—		149
Impairment Charges	—		110		(110)		—		142		(142)
(Gain) Loss on Dispositions, net	—		(6)		6		(39)		(2,512)		2,473
Total Operating Expenses	3,785		3,982		(197)		11,102		9,459		1,643
Operating Income	1,835		2,013		(178)		4,156		7,046		(2,890)
Allowance for Equity Funds Used During Construction	38		33		5		106		96		10
Earnings from Equity Method Investments	33		39		(6)		105		120		(15)
Interest Expense, Net of Amounts Capitalized	443		434		9		1,343		1,294		49
Impairment of Leveraged Lease	—		—		—		154		—		154
Other Income (Expense), net	113		61		52		319		239		80
Income Taxes	293		367		(74)		443		1,872		(1,429)
Net Income	1,283		1,345		(62)		2,746		4,335		(1,589)
Less:
Dividends on Preferred Stock of Subsidiaries	4		4		—		11		11		—
Net Income (Loss) Attributable to Noncontrolling Interests	28		25		3		3		26		(23)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	1,251	$	1,316	$	(65)	$	2,732	$	4,298	$	(1,566)

Notes

- Certain prior year data may have been reclassified to conform with current year presentation.