Alabama Power (ALP-PQ) 8-K Results of Operations and Financial Condition

Exhibit 99.05
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
	Three Months Ended June									Year-to-Date June
	2016			2015			Change			2016			2015			Change
Income Account-
Retail Revenues-
Fuel	$	998		$	1,130		$	(132	)	$	1,873		$	2,218		$	(345	)
Non-Fuel	2,750			2,584			166			5,251			5,038			213
Wholesale Revenues	446			448			(2		)	842			915			(73		)
Other Electric Revenues	166			162			4			348			325			23
Other Revenues	93			13			80			117			24			93
Total Revenues	4,453			4,337			116			8,431			8,520			(89		)
Fuel and Purchased Power	1,212			1,371			(159		)	2,288			2,727			(439		)
Cost of Sales	54			—			54			62			—			62
Non-fuel O & M	1,099			1,100			(1		)	2,205			2,222			(17		)
Depreciation and Amortization	569			500			69			1,110			987			123
Taxes Other Than Income Taxes	255			245			10			511			497			14
Estimated Loss on Kemper IGCC	38			23			15			91			32			59
Total Operating Expenses	3,227			3,239			(12		)	6,267			6,465			(198		)
Operating Income	1,226			1,098			128			2,164			2,055			109
Allowance for Equity Funds Used During Construction	45			39			6			98			102			(4		)
Interest Expense, Net of Amounts Capitalized	293			180			113			539			393			146
Other Income (Expense), net	(28		)	(12		)	(16		)	(54		)	(19		)	(35		)
Income Taxes	288			302			(14		)	510			576			(66		)
Consolidated Net Income	662			643			19			1,159			1,169			(10		)
Less:
Dividends on Preferred and Preference Stock of Subsidiaries	12			14			(2		)	23			31			(8		)
Net Income Attributable to Noncontrolling Interests	12			—			12			13			—			13
CONSOLIDATED NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	638		$	629		$	9		$	1,123		$	1,138		$	(15	)
Notes
- Certain prior year data may have been reclassified to conform with current year presentation.
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.