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 March
	2021		2020		Change
Income Account-
Retail Electric Revenues-
Fuel	$	838	$	677	$	161
Non-Fuel	2,504		2,401		103
Wholesale Electric Revenues	545		418		127
Other Electric Revenues	170		151		19
Natural Gas Revenues	1,694		1,249		445
Other Revenues	159		122		37
Total Revenues	5,910		5,018		892
Fuel and Purchased Power	1,055		817		238
Cost of Natural Gas	583		439		144
Cost of Other Sales	82		55		27
Non-Fuel O&M	1,372		1,296		76
Depreciation and Amortization	871		857		14
Taxes Other Than Income Taxes	345		330		15
Estimated Loss on Plant Vogtle Units 3 and 4	48		—		48
(Gain) Loss on Dispositions, net	(44)		(39)		(5)
Total Operating Expenses	4,312		3,755		557
Operating Income	1,598		1,263		335
Allowance for Equity Funds Used During Construction	46		34		12
Earnings from Equity Method Investments	45		42		3
Interest Expense, Net of Amounts Capitalized	450		456		(6)
Other Income (Expense), net	58		103		(45)
Income Taxes	190		145		45
Net Income	1,107		841		266
Less:
Dividends on Preferred Stock of Subsidiaries	4		4		—
Net Loss Attributable to Noncontrolling Interests	(32)		(31)		(1)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	1,135	$	868	$	267

Notes

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