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 September								Year-to-Date September
	2017		2016			Change			2017		2016			Change
Income Account-
Retail Electric Revenues-
Fuel	$	1,185	$	1,296		$	(111	)	$	3,130	$	3,169		$	(39	)
Non-Fuel	3,430		3,512			(82		)	8,656		8,763			(107		)
Wholesale Electric Revenues	718		613			105			1,867		1,455			412
Other Electric Revenues	168		181			(13		)	510		529			(19		)
Natural Gas Revenues	532		518			14			2,746		518			2,228
Other Revenues	168		144			24			494		281			213
Total Revenues	6,201		6,264			(63		)	17,403		14,715			2,688
Fuel and Purchased Power	1,541		1,627			(86		)	4,018		3,915			103
Cost of Natural Gas	134		133			1			1,085		133			952
Cost of Other Sales	90		84			6			293		161			132
Non-Fuel O & M	1,287		1,411			(124		)	3,918		3,616			302
Depreciation and Amortization	767		695			72			2,236		1,805			431
Taxes Other Than Income Taxes	303		309			(6		)	941		821			120
Estimated Loss on Kemper IGCC	34		88			(54		)	3,155		222			2,933
Total Operating Expenses	4,156		4,347			(191		)	15,646		10,673			4,973
Operating Income	2,045		1,917			128			1,757		4,042			(2,285		)
Allowance for Equity Funds Used During Construction	18		52			(34		)	133		150			(17		)
Earnings from Equity Method Investments	32		29			3			100		28			72
Interest Expense, Net of Amounts Capitalized	407		374			33			1,248		913			335
Other Income (Expense), net	11		(8		)	19			2		(66		)	68
Income Taxes	590		439			151			317		917			(600		)
Net Income	1,109		1,177			(68		)	427		2,324			(1,897		)
Less:
Dividends on Preferred and Preference Stock of Subsidiaries	10		11			(1		)	32		34			(2		)
Net Income Attributable to Noncontrolling Interests	30		27			3			48		39			9
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	1,069	$	1,139		$	(70	)	$	347	$	2,251		$	(1,904	)
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 $9 million and $25 million for the three and nine months ended September 30, 2016, respectively.