Exhibit 99.07 | |||||||||||||||||||||||
Southern Company | |||||||||||||||||||||||
Financial Overview | |||||||||||||||||||||||
As Reported | |||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||
Three Months Ended December | Year-to-Date December | ||||||||||||||||||||||
2019 | 2018 | % Change | 2019 | 2018 | % Change | ||||||||||||||||||
Southern Company1 – | |||||||||||||||||||||||
Operating Revenues | $ | 4,914 | $ | 5,337 | (7.9 | )% | $ | 21,419 | $ | 23,495 | (8.8 | )% | |||||||||||
Earnings Before Income Taxes | 335 | 120 | 179.2 | % | 6,542 | 2,749 | 138.0 | % | |||||||||||||||
Net Income Available to Common | 440 | 278 | 58.3 | % | 4,739 | 2,226 | 112.9 | % | |||||||||||||||
Alabama Power – | |||||||||||||||||||||||
Operating Revenues | $ | 1,363 | $ | 1,316 | 3.6 | % | $ | 6,125 | $ | 6,032 | 1.5 | % | |||||||||||
Earnings Before Income Taxes | 67 | 96 | (30.2 | )% | 1,355 | 1,236 | 9.6 | % | |||||||||||||||
Net Income Available to Common | 88 | 73 | 20.5 | % | 1,070 | 930 | 15.1 | % | |||||||||||||||
Georgia Power – | |||||||||||||||||||||||
Operating Revenues | $ | 1,703 | $ | 1,818 | (6.3 | )% | $ | 8,408 | $ | 8,420 | (0.1 | )% | |||||||||||
Earnings Before Income Taxes | 128 | 175 | (26.9 | )% | 2,192 | 1,007 | 117.7 | % | |||||||||||||||
Net Income Available to Common | 122 | 173 | (29.5 | )% | 1,720 | 793 | 116.9 | % | |||||||||||||||
Mississippi Power – | |||||||||||||||||||||||
Operating Revenues | $ | 294 | $ | 308 | (4.5 | )% | $ | 1,264 | $ | 1,265 | (0.1 | )% | |||||||||||
Earnings Before Income Taxes | 3 | 24 | (87.5 | )% | 169 | 134 | 26.1 | % | |||||||||||||||
Net Income Available to Common | — | 149 | (100.0 | )% | 139 | 235 | (40.9 | )% | |||||||||||||||
Southern Power1 – | |||||||||||||||||||||||
Operating Revenues | $ | 411 | $ | 506 | (18.8 | )% | $ | 1,938 | $ | 2,205 | (12.1 | )% | |||||||||||
Earnings (Loss) Before Income Taxes | (28 | ) | (14 | ) | 100.0 | % | 273 | 82 | 232.9 | % | |||||||||||||
Net Income (Loss) Available to Common | 23 | (48 | ) | (147.9 | )% | 339 | 187 | 81.3 | % | ||||||||||||||
Southern Company Gas1 – | |||||||||||||||||||||||
Operating Revenues | $ | 1,131 | $ | 1,048 | 7.9 | % | $ | 3,792 | $ | 3,909 | (3.0 | )% | |||||||||||
Earnings Before Income Taxes | 307 | 67 | 358.2 | % | 715 | 836 | (14.5 | )% | |||||||||||||||
Net Income Available to Common | 238 | 78 | 205.1 | % | 585 | 372 | 57.3 | % | |||||||||||||||
Notes | |||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | |||||||||||||||||||||||
(1) | Financial comparisons to the prior year were significantly impacted by (i) Southern Company Gas' disposition of: (a) Pivotal Home Solutions on June 4, 2018, (b) Elizabethtown Gas and Elkton Gas on July 1, 2018, and (c) Florida City Gas on July 29, 2018; (ii) the disposition of Southern Power Company’s ownership interest in (a) Plants Oleander and Stanton on December 4, 2018 and (b) Plant Nacogdoches on June 13, 2019; (iii) Southern Power Company's sale of (a) a 33% equity interest in a limited partnership indirectly owning substantially all of its solar facilities on May 22, 2018 and (b) a noncontrolling interest in its subsidiary owning eight operating wind facilities on December 11, 2018; and (iv) Southern Company's disposition of Gulf Power Company on January 1, 2019. |
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8-K Filing
Alabama Power (ALP-PQ) 8-KResults of Operations and Financial Condition
Filed: 20 Feb 20, 8:38am