Mississippi Power (MSPWP) 8-K Results of Operations and Financial Condition

Exhibit 99.07
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
	Three Months Ended December								Year-to-Date December
	2018			2017			% Change		2018		2017			% Change
Southern Company1 –
Operating Revenues	$	5,337		$	5,629		(5.2	)%	$	23,495	$	23,031		2.0	%
Earnings Before Income Taxes	120			325			(63.1	)%	2,749		1,068			157.4	%
Net Income Available to Common	278			496			(44.0	)%	2,226		842			164.4	%
Alabama Power –
Operating Revenues	$	1,316		$	1,433		(8.2	)%	$	6,032	$	6,039		(0.1	)%
Earnings Before Income Taxes	96			198			(51.5	)%	1,236		1,434			(13.8	)%
Net Income Available to Common	73			119			(38.7	)%	930		848			9.7	%
Georgia Power –
Operating Revenues	$	1,818		$	1,884		(3.5	)%	$	8,420	$	8,310		1.3	%
Earnings Before Income Taxes	175			352			(50.3	)%	1,007		2,258			(55.4	)%
Net Income Available to Common	173			227			(23.8	)%	793		1,414			(43.9	)%
Gulf Power –
Operating Revenues	$	359		$	372		(3.5	)%	$	1,465	$	1,516		(3.4	)%
Earnings Before Income Taxes	(6		)	30			(120.0	)%	140		229			(38.9	)%
Net Income Available to Common	13			19			(31.6	)%	160		135			18.5	%
Mississippi Power –
Operating Revenues	$	308		$	271		13.7	%	$	1,265	$	1,187		6.6	%
Earnings (Loss) Before Income Taxes	24			(202		)	N/M		134		(3,120		)	N/M
Net Income (Loss) Available to Common	149			(556		)	N/M		235		(2,590		)	N/M
Southern Power1 –
Operating Revenues	$	506		$	478		5.9	%	$	2,205	$	2,075		6.3	%
Earnings Before Income Taxes	(14		)	(17		)	N/M		82		178			(53.9	)%
Net Income Available to Common	(48		)	795			N/M		187		1,071			(82.5	)%
Southern Company Gas1 –
Operating Revenues	$	1,048		$	1,079		(2.9	)%	$	3,909	$	3,920		(0.3	)%
Earnings Before Income Taxes	67			74			(9.5	)%	836		610			37.0	%
Net Income Available to Common	78			(60		)	N/M		372		243			53.1	%
N/M - not meaningful
Notes
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented.
(1) Financial comparisons to the prior year were 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 Plants Oleander and Stanton on December 4, 2018; and (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.