Exhibit 99.07 |
Southern Company |
Financial Overview |
(In Millions of Dollars) |
Three Months Ended December | Year-to-Date December | |||||||||||||||||||||||
2009 | 2008 | % Change | 2009 | 2008 | % Change | |||||||||||||||||||
Consolidated – | ||||||||||||||||||||||||
Operating Revenues | $ | 3,510 | $ | 3,802 | -7.7 | % | $ | 15,743 | $ | 17,127 | -8.1 | % | ||||||||||||
Earnings Before Income Taxes | 336 | 279 | 20.3 | % | 2,608 | 2,722 | -4.2 | % | ||||||||||||||||
Net Income Available to Common | 251 | 186 | 35.1 | % | 1,645 | 1,742 | -5.5 | % | ||||||||||||||||
Alabama Power – | ||||||||||||||||||||||||
Operating Revenues | $ | 1,231 | $ | 1,405 | -12.5 | % | $ | 5,529 | $ | 6,077 | -9.0 | % | ||||||||||||
Earnings Before Income Taxes | 135 | 135 | -0.7 | % | 1,093 | 1,023 | 6.8 | % | ||||||||||||||||
Net Income Available to Common | 86 | 81 | 4.8 | % | 670 | 616 | 8.7 | % | ||||||||||||||||
Georgia Power – | ||||||||||||||||||||||||
Operating Revenues | $ | 1,725 | $ | 1,792 | -3.7 | % | $ | 7,692 | $ | 8,412 | -8.6 | % | ||||||||||||
Earnings Before Income Taxes | 150 | 116 | 30.3 | % | 1,241 | 1,408 | -11.8 | % | ||||||||||||||||
Net Income Available to Common | 114 | 77 | 48.1 | % | 814 | 903 | -9.8 | % | ||||||||||||||||
Gulf Power – | ||||||||||||||||||||||||
Operating Revenues | $ | 299 | $ | 304 | -1.6 | % | $ | 1,302 | $ | 1,387 | -6.1 | % | ||||||||||||
Earnings Before Income Taxes | 30 | 20 | 41.0 | % | 170 | 158 | 7.4 | % | ||||||||||||||||
Net Income Available to Common | 21 | 14 | 46.5 | % | 111 | 98 | 13.1 | % | ||||||||||||||||
Mississippi Power – | ||||||||||||||||||||||||
Operating Revenues | $ | 263 | $ | 292 | -9.7 | % | $ | 1,149 | $ | 1,257 | -8.5 | % | ||||||||||||
Earnings Before Income Taxes | 15 | 16 | -6.3 | % | 137 | 136 | 0.6 | % | ||||||||||||||||
Net Income Available to Common | 10 | 10 | 6.3 | % | 85 | 86 | -1.2 | % | ||||||||||||||||
Southern Power – | ||||||||||||||||||||||||
Operating Revenues | $ | 202 | $ | 266 | -24.2 | % | $ | 947 | $ | 1,314 | -27.9 | % | ||||||||||||
Earnings Before Income Taxes | 37 | 34 | 7.2 | % | 242 | 237 | 2.1 | % | ||||||||||||||||
Net Income Available to Common | 30 | 20 | 47.0 | % | 156 | 144 | 8.2 | % |
Notes |
- 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. |