EXHIBIT 99.02
Southern Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
|
| 3 Months Ended June |
| Year-to-Date June | ||||||||
|
|
| 2007 |
|
| 2006 |
|
| 2007 |
|
| 2006 |
|
|
| (Notes) |
|
| (Notes) |
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| (Notes) |
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| (Notes) |
Consolidated Earnings–As Reported |
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(See Notes) |
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|
Traditional Operating Companies |
| $ | 383 |
| $ | 360 |
| $ | 668 |
| $ | 602 |
Southern Power |
|
| 40 |
|
| 32 |
|
| 72 |
|
| 52 |
Total |
|
| 423 |
|
| 392 |
|
| 740 |
|
| 654 |
Synthetic Fuels |
|
| 12 |
|
| (6) |
|
| 41 |
|
| 3 |
Leasing Business |
|
| 1 |
|
| 6 |
|
| 1 |
|
| 11 |
Parent Company and Other |
|
| (7) |
|
| (7) |
|
| (14) |
|
| (21) |
Net Income - As Reported |
| $ | 429 |
| $ | 385 |
| $ | 768 |
| $ | 647 |
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|
Basic Earnings Per Share - (See Notes) |
| $ | 0.57 |
| $ | 0.52 |
| $ | 1.02 |
| $ | 0.87 |
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Operating Revenues |
| $ | 3,772 |
| $ | 3,592 |
| $ | 7,181 |
| $ | 6,655 |
Average Shares Outstanding (in millions) |
|
| 755 |
|
| 743 |
|
| 753 |
|
| 742 |
End of Period Shares Outstanding (in millions) |
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|
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|
| 757 |
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| 743 |
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|
| 3 Months Ended June |
| Year-to-Date June | ||||||||
|
|
| 2007 |
|
| 2006 |
|
| 2007 |
|
| 2006 |
Consolidated Earnings–Excluding Synfuels |
|
|
|
|
|
|
|
|
|
|
|
|
(See Notes) |
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|
|
Net Income - As Reported |
| $ | 429 |
| $ | 385 |
| $ | 768 |
| $ | 647 |
Less: Synthetic Fuels |
|
| (12) |
|
| 6 |
|
| (41) |
|
| (3) |
Net Income–Excluding Synthetic Fuels |
| $ | 417 |
| $ | 391 |
| $ | 727 |
| $ | 644 |
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Basic Earnings Per Share–Excluding Synfuels |
| $ | 0.55 |
| $ | 0.52 |
| $ | 0.97 |
| $ | 0.87 |
Notes
- For the second quarter and year-to-date 2007, diluted earnings per share was 1 cent per share.
- Tax credits associated with Southern Company's synthetic fuel investments expire on 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-Q.
