Exhibit 99.05 | ||||||||||||
Southern Company | ||||||||||||
Consolidated Earnings As Reported | ||||||||||||
(In Millions of Dollars) | ||||||||||||
Three Months Ended March | ||||||||||||
2017 | 2016 | Change | ||||||||||
Income Account- | ||||||||||||
Retail Electric Revenues- | ||||||||||||
Fuel | $ | 928 | $ | 875 | $ | 53 | ||||||
Non-Fuel | 2,466 | 2,502 | (36 | ) | ||||||||
Wholesale Electric Revenues | 531 | 396 | 135 | |||||||||
Other Electric Revenues | 175 | 181 | (6 | ) | ||||||||
Natural Gas Revenues | 1,530 | — | 1,530 | |||||||||
Other Revenues | 141 | 38 | 103 | |||||||||
Total Revenues | 5,771 | 3,992 | 1,779 | |||||||||
Fuel and Purchased Power | 1,175 | 1,076 | 99 | |||||||||
Cost of Natural Gas | 719 | — | 719 | |||||||||
Cost of Other Sales | 88 | 19 | 69 | |||||||||
Non-Fuel O & M | 1,329 | 1,107 | 222 | |||||||||
Depreciation and Amortization | 716 | 541 | 175 | |||||||||
Taxes Other Than Income Taxes | 330 | 256 | 74 | |||||||||
Estimated Loss on Kemper IGCC | 108 | 53 | 55 | |||||||||
Total Operating Expenses | 4,465 | 3,052 | 1,413 | |||||||||
Operating Income | 1,306 | 940 | 366 | |||||||||
Allowance for Equity Funds Used During Construction | 57 | 53 | 4 | |||||||||
Earnings from equity method investments | 39 | — | 39 | |||||||||
Interest Expense, Net of Amounts Capitalized | 416 | 246 | 170 | |||||||||
Other Income (Expense), net | (6 | ) | (29 | ) | 23 | |||||||
Income Taxes | 315 | 217 | 98 | |||||||||
Net Income | 665 | 501 | 164 | |||||||||
Less: | ||||||||||||
Dividends on Preferred and Preference Stock of Subsidiaries | 11 | 11 | — | |||||||||
Net Income (Loss) Attributable to Noncontrolling Interests | (4 | ) | 1 | (5 | ) | |||||||
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | $ | 658 | $ | 489 | $ | 169 | ||||||
Notes | ||||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation. | ||||||||||||
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $4.5 million for the three months ended March 31, 2016. |
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8-K Filing
Mississippi Power (MSPWP) 8-KResults of Operations and Financial Condition
Filed: 3 May 17, 12:00am