The Southern Company (SO) 8-K Results of Operations and Financial Condition

Exhibit 99.05
Southern Company
Consolidated Earnings As Reported
(In Millions of Dollars)
	Three Months Ended June									Year-to-Date June
	2017			2016			Change			2017			2016			Change
Income Account-
Retail Electric Revenues-
Fuel	$	1,016		$	998		$	18		$	1,944		$	1,873		$	71
Non-Fuel	2,761			2,750			11			5,227			5,251			(24		)
Wholesale Electric Revenues	618			446			172			1,149			842			307
Other Electric Revenues	167			166			1			342			348			(6		)
Natural Gas Revenues	684			—			684			2,214			—			2,214
Other Revenues	184			99			85			326			137			189
Total Revenues	5,430			4,459			971			11,202			8,451			2,751
Fuel and Purchased Power	1,303			1,212			91			2,478			2,288			190
Cost of Natural Gas	232			—			232			951			—			951
Cost of Other Sales	114			58			56			203			77			126
Non-Fuel O & M	1,301			1,099			202			2,631			2,206			425
Depreciation and Amortization	754			569			185			1,469			1,110			359
Taxes Other Than Income Taxes	308			255			53			638			511			127
Estimated Loss on Kemper IGCC	3,012			81			2,931			3,120			134			2,986
Total Operating Expenses	7,024			3,274			3,750			11,490			6,326			5,164
Operating Income	(1,594		)	1,185			(2,779		)	(288		)	2,125			(2,413		)
Allowance for Equity Funds Used During Construction	58			45			13			115			98			17
Earnings from Equity Method Investments	28			(1		)	29			67			(1		)	68
Interest Expense, Net of Amounts Capitalized	424			293			131			840			539			301
Other Income (Expense), net	(3		)	(28		)	25			(11		)	(56		)	45
Income Taxes	(587		)	261			(848		)	(273		)	479			(752		)
Net Income (Loss)	(1,348		)	647			(1,995		)	(684		)	1,148			(1,832		)
Less:
Dividends on Preferred and Preference Stock of Subsidiaries	11			12			(1		)	22			23			(1		)
Net Income (Loss) Attributable to Noncontrolling Interests	22			12			10			17			13			4
NET INCOME (LOSS) ATTRIBUTABLE TO SOUTHERN COMPANY	$	(1,381	)	$	623		$	(2,004	)	$	(723	)	$	1,112		$	(1,835	)
Notes
- Certain prior year data may have been reclassified to conform with current year presentation.
- 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 $11.3 million and $15.8 million for the three and six months ended June 30, 2016, respectively.