Exhibit 99.05 | ||||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||||
Consolidated Earnings | ||||||||||||||||||||||||
As Reported | ||||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||||
Three Months Ended December | Year-to-Date December | |||||||||||||||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | |||||||||||||||||||
Income Account- | ||||||||||||||||||||||||
Retail Electric Revenues- | ||||||||||||||||||||||||
Fuel | $ | 784 | $ | 1,012 | $ | (228 | ) | $ | 3,591 | $ | 4,283 | $ | (692 | ) | ||||||||||
Non-Fuel | 2,164 | 2,297 | (133 | ) | 10,493 | 10,939 | (446 | ) | ||||||||||||||||
Wholesale Electric Revenues | 485 | 579 | (94 | ) | 2,152 | 2,516 | (364 | ) | ||||||||||||||||
Other Electric Revenues | 144 | 169 | (25 | ) | 636 | 664 | (28 | ) | ||||||||||||||||
Natural Gas Revenues | 1,131 | 1,048 | 83 | 3,792 | 3,854 | (62 | ) | |||||||||||||||||
Other Revenues | 206 | 232 | (26 | ) | 755 | 1,239 | (484 | ) | ||||||||||||||||
Total Revenues | 4,914 | 5,337 | (423 | ) | 21,419 | 23,495 | (2,076 | ) | ||||||||||||||||
Fuel and Purchased Power | 977 | 1,334 | (357 | ) | 4,438 | 5,608 | (1,170 | ) | ||||||||||||||||
Cost of Natural Gas | 363 | 486 | (123 | ) | 1,319 | 1,539 | (220 | ) | ||||||||||||||||
Cost of Other Sales | 119 | 118 | 1 | 435 | 806 | (371 | ) | |||||||||||||||||
Non-Fuel O & M | 1,712 | 1,672 | 40 | 5,600 | 5,889 | (289 | ) | |||||||||||||||||
Depreciation and Amortization | 771 | 793 | (22 | ) | 3,038 | 3,131 | (93 | ) | ||||||||||||||||
Taxes Other Than Income Taxes | 299 | 325 | (26 | ) | 1,230 | 1,315 | (85 | ) | ||||||||||||||||
Estimated Loss on Plants Under Construction | 14 | (8 | ) | 22 | 24 | 1,097 | (1,073 | ) | ||||||||||||||||
Impairment Charges | 26 | 13 | 13 | 168 | 210 | (42 | ) | |||||||||||||||||
(Gain) Loss on Dispositions, net | (57 | ) | 26 | (83 | ) | (2,569 | ) | (291 | ) | (2,278 | ) | |||||||||||||
Total Operating Expenses | 4,224 | 4,759 | (535 | ) | 13,683 | 19,304 | (5,621 | ) | ||||||||||||||||
Operating Income | 690 | 578 | 112 | 7,736 | 4,191 | 3,545 | ||||||||||||||||||
Allowance for Equity Funds Used During Construction | 32 | 39 | (7 | ) | 128 | 138 | (10 | ) | ||||||||||||||||
Earnings from Equity Method Investments | 42 | 40 | 2 | 162 | 148 | 14 | ||||||||||||||||||
Interest Expense, Net of Amounts Capitalized | 442 | 456 | (14 | ) | 1,736 | 1,842 | (106 | ) | ||||||||||||||||
Other Income (Expense), net | 13 | (81 | ) | 94 | 252 | 114 | 138 | |||||||||||||||||
Income Taxes (Benefit) | (74 | ) | (149 | ) | 75 | 1,798 | 449 | 1,349 | ||||||||||||||||
Net Income | 409 | 269 | 140 | 4,744 | 2,300 | 2,444 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Dividends on Preferred Stock of Subsidiaries | 5 | 4 | 1 | 15 | 16 | (1 | ) | |||||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interests | (36 | ) | (13 | ) | (23 | ) | (10 | ) | 58 | (68 | ) | |||||||||||||
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | $ | 440 | $ | 278 | $ | 162 | $ | 4,739 | $ | 2,226 | $ | 2,513 | ||||||||||||
Notes | ||||||||||||||||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation. |
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8-K Filing
Mississippi Power (MSPWP) 8-KResults of Operations and Financial Condition
Filed: 20 Feb 20, 8:38am