Exhibit 99.07 | ||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||
Financial Overview As Reported | ||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||
Three Months Ended December | Year-to-Date December | |||||||||||||||||||||
2016 | 2015 | % Change | 20161 | 2015 | % Change | |||||||||||||||||
Southern Company – | ||||||||||||||||||||||
Operating Revenues | $ | 5,181 | $ | 3,568 | 45.2 | % | $ | 19,896 | $ | 17,489 | 13.8 | % | ||||||||||
Earnings Before Income Taxes | 239 | 401 | (40.4 | )% | 3,480 | 3,629 | (4.1 | )% | ||||||||||||||
Net Income Available to Common | 197 | 271 | (27.3 | )% | 2,448 | 2,367 | 3.4 | % | ||||||||||||||
Alabama Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,329 | $ | 1,217 | 9.2 | % | $ | 5,889 | $ | 5,768 | 2.1 | % | ||||||||||
Earnings Before Income Taxes | 174 | 204 | (14.7 | )% | 1,370 | 1,317 | 4.0 | % | ||||||||||||||
Net Income Available to Common | 102 | 121 | (15.7 | )% | 822 | 785 | 4.7 | % | ||||||||||||||
Georgia Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,762 | $ | 1,641 | 7.4 | % | $ | 8,383 | $ | 8,326 | 0.7 | % | ||||||||||
Earnings Before Income Taxes | 163 | 312 | (47.8 | )% | 2,127 | 2,046 | 4.0 | % | ||||||||||||||
Net Income Available to Common | 113 | 196 | (42.3 | )% | 1,330 | 1,260 | 5.6 | % | ||||||||||||||
Gulf Power – | ||||||||||||||||||||||
Operating Revenues | $ | 349 | $ | 313 | 11.5 | % | $ | 1,485 | $ | 1,483 | 0.1 | % | ||||||||||
Earnings Before Income Taxes | 42 | 47 | (10.6 | )% | 231 | 249 | (7.2 | )% | ||||||||||||||
Net Income Available to Common | 23 | 28 | (17.9 | )% | 131 | 148 | (11.5 | )% | ||||||||||||||
Mississippi Power – | ||||||||||||||||||||||
Operating Revenues | $ | 277 | $ | 246 | 12.6 | % | $ | 1,163 | $ | 1,138 | 2.2 | % | ||||||||||
Earnings (Loss) Before Income Taxes | (162 | ) | (130 | ) | N/M | (152 | ) | (78 | ) | N/M | ||||||||||||
Net Income (Loss) Available to Common | (89 | ) | (71 | ) | N/M | (50 | ) | (8 | ) | N/M | ||||||||||||
Southern Power – | ||||||||||||||||||||||
Operating Revenues | $ | 389 | $ | 304 | 28.0 | % | $ | 1,577 | $ | 1,390 | 13.5 | % | ||||||||||
Earnings Before Income Taxes | (8 | ) | 41 | N/M | 179 | 250 | (28.4 | )% | ||||||||||||||
Net Income Available to Common | 23 | 34 | (32.4 | )% | 338 | 215 | 57.2 | % | ||||||||||||||
Southern Company Gas – | ||||||||||||||||||||||
Operating Revenues | $ | 1,109 | $ | — | N/A | $ | 1,652 | $ | — | N/A | ||||||||||||
Earnings Before Income Taxes | 178 | — | N/A | 190 | — | N/A | ||||||||||||||||
Net Income Available to Common | 110 | — | N/A | 114 | — | N/A | ||||||||||||||||
N/M - not meaningful | ||||||||||||||||||||||
N/A - not applicable | ||||||||||||||||||||||
Notes | ||||||||||||||||||||||
- 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 $25 million for January 1, 2016 through September 30, 2016. | ||||||||||||||||||||||
(1) Southern Company's acquisition of Southern Company Gas was completed on July 1, 2016. Year-to-Date December reflects financial results for Southern Company Gas for the period July 1, 2016 through December 31, 2016. |
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8-K Filing
The Southern Company (SO) 8-KResults of Operations and Financial Condition
Filed: 22 Feb 17, 12:00am