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
	2018			2017			Change			2018			2017			Change
Income Account-
Retail Electric Revenues-
Fuel	$	1,022		$	1,016		$	6		$	2,049		$	1,944		$	105
Non-Fuel	2,718			2,761			(43		)	5,259			5,227			32
Wholesale Electric Revenues	611			618			(7		)	1,230			1,149			81
Other Electric Revenues	175			167			8			339			342			(3		)
Natural Gas Revenues	706			684			22			2,314			2,214			100
Other Revenues	395			184			211			808			326			482
Total Revenues	5,627			5,430			197			11,999			11,202			797
Fuel and Purchased Power	1,339			1,303			36			2,707			2,478			229
Cost of Natural Gas	228			232			(4		)	949			951			(2		)
Cost of Other Sales	279			114			165			568			203			365
Non-Fuel O & M	1,559			1,356			203			3,008			2,740			268
Depreciation and Amortization	783			754			29			1,552			1,469			83
Taxes Other Than Income Taxes	316			308			8			671			638			33
Estimated Loss on Plants Under Construction	1,060			3,012			(1,952		)	1,105			3,120			(2,015		)
Total Operating Expenses	5,564			7,079			(1,515		)	10,560			11,599			(1,039		)
Operating Income (Loss)	63			(1,649		)	1,712			1,439			(397		)	1,836
Allowance for Equity Funds Used During Construction	32			58			(26		)	63			115			(52		)
Earnings from Equity Method Investments	31			28			3			72			67			5
Interest Expense, Net of Amounts Capitalized	470			424			46			928			840			88
Other Income (Expense), net	78			52			26			138			98			40
Income Taxes (Benefit)	(139		)	(587		)	448			(25		)	(273		)	248
Net Income (Loss)	(127		)	(1,348		)	1,221			809			(684		)	1,493
Less:
Dividends on Preferred and Preference Stock of Subsidiaries	4			11			(7		)	8			22			(14		)
Net Income Attributable to Noncontrolling Interests	23			22			1			17			17			—
NET INCOME (LOSS) ATTRIBUTABLE TO SOUTHERN COMPANY	$	(154	)	$	(1,381	)	$	1,227		$	784		$	(723	)	$	1,507
Notes
- Certain prior year data may have been reclassified to conform with current year presentation.