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
	2021		2020		Change		2021		2020		Change
Income Account-
Retail Electric Revenues-
Fuel	$	1,186	$	949	$	237	$	2,899	$	2,301	$	598
Non-Fuel	3,365		3,294		71		8,593		8,202		391
Wholesale Electric Revenues	731		584		147		1,822		1,473		349
Other Electric Revenues	179		164		15		525		484		41
Natural Gas Revenues	623		477		146		2,994		2,362		632
Other Revenues	154		152		2		513		436		77
Total Revenues	6,238		5,620		618		17,346		15,258		2,088
Fuel and Purchased Power	1,522		1,163		359		3,642		2,801		841
Cost of Natural Gas	129		71		58		943		654		289
Cost of Other Sales	71		72		(1)		255		201		54
Non-Fuel O&M	1,446		1,286		160		4,257		3,785		472
Depreciation and Amortization	896		889		7		2,658		2,619		39
Taxes Other Than Income Taxes	312		304		8		969		932		37
Estimated Loss on Plant Vogtle Units 3 and 4	264		—		264		772		149		623
(Gain) Loss on Dispositions, net	(125)		—		(125)		(179)		(39)		(140)
Total Operating Expenses	4,515		3,785		730		13,317		11,102		2,215
Operating Income	1,723		1,835		(112)		4,029		4,156		(127)
Allowance for Equity Funds Used During Construction	49		38		11		140		106		34
Earnings from Equity Method Investments	30		33		(3)		35		105		(70)
Interest Expense, Net of Amounts Capitalized	451		443		8		1,352		1,343		9
Impairment of Leveraged Leases	—		—		—		7		154		(147)
Other Income (Expense), net	131		113		18		297		319		(22)
Income Taxes	372		293		79		550		443		107
Net Income	1,110		1,283		(173)		2,592		2,746		(154)
Less:
Dividends on Preferred Stock of Subsidiaries	4		4		—		11		11		—
Net Income (Loss) Attributable to Noncontrolling Interests	5		28		(23)		(27)		3		(30)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	1,101	$	1,251	$	(150)	$	2,608	$	2,732	$	(124)

Notes

- Certain prior year data may have been reclassified to conform with current year presentation.