Exhibit 99.02 |
Southern Company |
Financial Highlights |
(In Millions of Dollars Except Earnings Per Share) |
| 3 Months Ended March | ||
| 2008 |
| 2007 |
Consolidated Earnings–As Reported | (Notes) |
| (Notes) |
(See Notes) |
|
|
|
Traditional Operating Companies | $ 342 |
| $ 285 |
Southern Power | 29 |
| 32 |
Total | 371 |
| 317 |
Synthetic Fuels | (2) |
| 28 |
Parent Company and Other | (10) |
| (6) |
Net Income - As Reported | $ 359 |
| $ 339 |
|
|
|
|
Basic Earnings Per Share - (See Notes) | $ 0.47 |
| $ 0.45 |
|
|
|
|
|
|
|
|
Average Shares Outstanding (in millions) | 766 |
| 750 |
End of Period Shares Outstanding (in millions) | 768 |
| 752 |
|
|
|
|
|
|
|
|
| 3 Months Ended March | ||
| 2008 |
| 2007 |
Consolidated Earnings–Excluding Synfuels |
|
|
|
(See Notes) |
|
|
|
Net Income - As Reported | $ 359 |
| $ 339 |
Less: Synthetic Fuels | 2 |
| (28) |
Net Income–Excluding Synthetic Fuels | $ 361 |
| $ 311 |
|
|
|
|
Basic Earnings Per Share–Excluding Synfuels | $ 0.47 |
| $ 0.41 |
Notes |
- For the first quarter 2008 and 2007, diluted earnings per share was less than 1 cent per share. |
- Tax credits associated with Southern Company's synthetic fuel investments expired December 31, 2007. Synthetic fuel related income no longer materially contributes to Southern Company's earnings or earnings per share. |
- 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. |