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
	2022		2021		Change		2022		2021		Change
Retail Electric Revenues-
Fuel	$	1,608	$	875	$	733	$	2,622	$	1,712	$	910
Non-Fuel	3,181		2,724		457		5,780		5,229		551
Wholesale Electric Revenues	937		546		391		1,601		1,091		510
Other Electric Revenues	192		175		17		370		346		24
Natural Gas Revenues	1,083		677		406		3,140		2,371		769
Other Revenues	205		201		4		341		359		(18)
Total Operating Revenues	7,206		5,198		2,008		13,854		11,108		2,746
Fuel and Purchased Power	2,123		1,065		1,058		3,466		2,120		1,346
Cost of Natural Gas	452		231		221		1,546		814		732
Cost of Other Sales	114		103		11		183		185		(2)
Non-Fuel O&M	1,558		1,438		120		3,075		2,810		265
Depreciation and Amortization	913		891		22		1,805		1,762		43
Taxes Other Than Income Taxes	349		313		36		721		657		64
Estimated Loss on Plant Vogtle Units 3 and 4	52		460		(408)		52		508		(456)
Gain on Dispositions, net	(10)		(11)		1		(33)		(54)		21
Total Operating Expenses	5,551		4,490		1,061		10,815		8,802		2,013
Operating Income	1,655		708		947		3,039		2,306		733
Allowance for Equity Funds Used During Construction	53		45		8		104		90		14
Earnings (Loss) from Equity Method Investments	34		(40)		74		80		5		75
Interest Expense, Net of Amounts Capitalized	488		450		38		950		901		49
Other Income (Expense), net	139		101		38		283		160		123
Income Taxes (Benefit)	304		(12)		316		477		178		299
Net Income	1,089		376		713		2,079		1,482		597
Dividends on Preferred Stock of Subsidiaries	4		4		—		7		7		—
Net Loss Attributable to Noncontrolling Interests	(22)		—		(22)		(67)		(33)		(34)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	1,107	$	372	$	735	$	2,139	$	1,508	$	631

Notes

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