Exhibit 99.07 | ||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||
Financial Overview | ||||||||||||||||||||||
As Reported | ||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||
Three Months Ended June | Year-to-Date June | |||||||||||||||||||||
2020 | 2019 | % Change | 2020 | 2019 | % Change | |||||||||||||||||
Southern Company1, 2 – | ||||||||||||||||||||||
Operating Revenues | $ | 4,620 | $ | 5,098 | (9.4 | )% | $ | 9,638 | $ | 10,510 | (8.3 | )% | ||||||||||
Earnings Before Income Taxes | 626 | 1,076 | (41.8 | )% | 1,611 | 4,494 | (64.2 | )% | ||||||||||||||
Net Income Available to Common | 612 | 899 | (31.9 | )% | 1,480 | 2,982 | (50.4 | )% | ||||||||||||||
Alabama Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,365 | $ | 1,513 | (9.8 | )% | $ | 2,716 | $ | 2,921 | (7.0 | )% | ||||||||||
Earnings Before Income Taxes | 395 | 388 | 1.8 | % | 762 | 671 | 13.6 | % | ||||||||||||||
Net Income Available to Common | 298 | 296 | 0.7 | % | 578 | 513 | 12.7 | % | ||||||||||||||
Georgia Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,928 | $ | 2,117 | (8.9 | )% | $ | 3,754 | $ | 3,951 | (5.0 | )% | ||||||||||
Earnings Before Income Taxes | 319 | 577 | (44.7 | )% | 665 | 970 | (31.4 | )% | ||||||||||||||
Net Income Available to Common | 308 | 448 | (31.3 | )% | 638 | 759 | (15.9 | )% | ||||||||||||||
Mississippi Power – | ||||||||||||||||||||||
Operating Revenues | $ | 283 | $ | 313 | (9.6 | )% | $ | 559 | $ | 600 | (6.8 | )% | ||||||||||
Earnings Before Income Taxes | 41 | 42 | (2.4 | )% | 79 | 86 | (8.1 | )% | ||||||||||||||
Net Income Available to Common | 39 | 37 | 5.4 | % | 71 | 74 | (4.1 | )% | ||||||||||||||
Southern Power2 – | ||||||||||||||||||||||
Operating Revenues | $ | 439 | $ | 510 | (13.9 | )% | $ | 814 | $ | 953 | (14.6 | )% | ||||||||||
Earnings Before Income Taxes | 74 | 152 | (51.3 | )% | 125 | 170 | (26.5 | )% | ||||||||||||||
Net Income Available to Common | 63 | 174 | (63.8 | )% | 138 | 230 | (40.0 | )% | ||||||||||||||
Southern Company Gas – | ||||||||||||||||||||||
Operating Revenues | $ | 636 | $ | 689 | (7.7 | )% | $ | 1,885 | $ | 2,163 | (12.9 | )% | ||||||||||
Earnings Before Income Taxes | 87 | 112 | (22.3 | )% | 441 | 459 | (3.9 | )% | ||||||||||||||
Net Income Available to Common | 71 | 106 | (33.0 | )% | 346 | 376 | (8.0 | )% | ||||||||||||||
Notes | ||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | ||||||||||||||||||||||
(1) | Earnings comparisons to the prior year were significantly impacted by the preliminary gain associated with the sale of Gulf Power Company on January 1, 2019. | |||||||||||||||||||||
(2) | Earnings and revenue comparisons to the prior year were significantly impacted by Southern Power Company's dispositions of Plant Nacogdoches on June 13, 2019 and Plant Mankato on January 17, 2020. |
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8-K Filing
Southern Power 8-KResults of Operations and Financial Condition
Filed: 30 Jul 20, 8:42am