Exhibit 99.02
Southern Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
| 3 Months Ended December |
| Year-to-Date December |
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| 2007 |
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| 2006 |
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| 2007 |
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| 2006 |
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Consolidated Earnings–As Reported |
| (Notes) |
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| (Notes) |
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| (Notes) |
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| (Notes) |
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(See Notes) |
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Traditional Operating Companies | $ | 202 |
| $ | 170 |
| $ | 1,584 |
| $ | 1,463 |
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Southern Power |
| 8 |
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| 27 |
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| 132 |
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| 124 |
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Total |
| 210 |
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| 197 |
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| 1,716 |
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| 1,587 |
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Synthetic Fuels |
| 8 |
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| 6 |
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| 61 |
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| 12 |
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Parent Company and Other |
| (14) |
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| (15) |
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| (43) |
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| (26) |
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Net Income - As Reported | $ | 204 |
| $ | 188 |
| $ | 1,734 |
| $ | 1,573 |
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Basic Earnings Per Share - (See Notes) | $ | 0.27 |
| $ | 0.25 |
| $ | 2.29 |
| $ | 2.12 |
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Average Shares Outstanding (in millions) |
| 762 |
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| 745 |
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| 756 |
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| 743 |
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End of Period Shares Outstanding (in millions) |
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| 763 |
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| 747 |
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| 3 Months Ended December |
| Year-to-Date December |
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| 2007 |
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| 2006 |
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| 2007 |
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| 2006 | ||||||||||||||
| Consolidated Earnings–Excluding Synfuels |
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| (See Notes) |
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| Net Income - As Reported | $ | 204 |
| $ | 188 |
| $ | 1,734 |
| $ | 1,573 | ||||||||||||||
| Less: Synthetic Fuels |
| (8) |
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| (6) |
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| (61) |
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| (12) | ||||||||||||||
| Net Income–Excluding Synthetic Fuels | $ | 196 |
| $ | 182 |
| $ | 1,673 |
| $ | 1,561 | ||||||||||||||
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| Basic Earnings Per Share–Excluding Synfuels | $ | 0.26 |
| $ | 0.25 |
| $ | 2.21 |
| $ | 2.10 | ||||||||||||||
Notes
- For the fourth quarter and year-to-date 2007, diluted earnings per share was not more than 1 cent per share.
- Tax credits associated with Southern Company's synthetic fuel investments expired December 31, 2007 and will not contribute to Southern Company's earnings and earnings per share after 2007.
- Certain prior year data has been reclassified to conform with current year presentation.
- Information contained in this report is subject to audit and adjustments. Certain classifications may be different from final results published in the Form 10-K.
