EXHIBIT 99.02 |
Southern Company |
Financial Highlights |
(In Millions of Dollars Except Earnings Per Share) |
| 3 Months Ended March | ||||
| 2007 |
| 2006 | ||
| (Notes) |
| (Notes) | ||
Consolidated Earnings–As Reported |
|
|
|
|
|
(See Notes) |
|
|
|
|
|
Traditional Operating Companies | $ | 285 |
| $ | 242 |
Southern Power |
| 32 |
|
| 20 |
Total |
| 317 |
|
| 262 |
Synthetic Fuels |
| 28 |
|
| 8 |
Leasing Business |
| 1 |
|
| 6 |
Parent Company and Other |
| (7) |
|
| (14) |
|
|
|
|
|
|
Net Income - As Reported | $ | 339 |
| $ | 262 |
|
|
|
|
|
|
Basic Earnings Per Share - (See Notes) | $ | 0.45 |
| $ | 0.35 |
|
|
|
|
|
|
Operating Revenues | $ | 3,409 |
| $ | 3,063 |
Average Shares Outstanding (in millions) |
| 750 |
|
| 742 |
End of Period Shares Outstanding (in millions) |
| 752 |
|
| 742 |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 Months Ended March | ||||
| 2007 |
| 2006 | ||
Consolidated Earnings–Excluding Synfuels |
|
|
|
|
|
(See Notes) |
|
|
|
|
|
Net Income - As Reported | $ | 339 |
| $ | 262 |
Less: Synthetic Fuels |
| (28) |
|
| (8) |
Net Income–Excluding Synthetic Fuels | $ | 311 |
| $ | 254 |
|
|
|
|
|
|
Basic Earnings Per Share–Excluding Synfuels | $ | 0.41 |
| $ | 0.34 |
Notes |
- For the first quarters 2007 and 2006, diluted earnings per share was less than 1 cent. |
- Tax credits associated with Southern Company's synthetic fuel investments expire 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. |