Exhibit 99.06
Southern Company
Financial Overview
(In Millions of Dollars)
3 Months Ended March
------------------------------------------
2004 2003 % Change
---- ---- --------
Consolidated -
Operating Revenues $2,755 $2,548 8.1%
Earnings Before Income Taxes 454 419 8.5%
Net Income As Reported 331 298 11.2%
Alabama Power -
Operating Revenues $960 $890 7.8%
Earnings Before Income Taxes 153 155 -1.4%
Net Income Available to Common 91 92 -1.2%
Georgia Power -
Operating Revenues $1,199 $1,126 6.5%
Earnings Before Income Taxes 225 209 7.8%
Net Income Available to Common 144 133 7.9%
Gulf Power -
Operating Revenues $215 $198 8.6%
Earnings Before Income Taxes 27 22 20.3%
Net Income Available to Common 17 14 20.5%
Mississippi Power -
Operating Revenues $210 $194 8.2%
Earnings Before Income Taxes 29 35 -18.7%
Net Income Available to Common 17 21 -19.1%
Savannah Electric -
Operating Revenues $73 $69 5.7%
Earnings Before Income Taxes 5 6 -10.1%
Net Income Available to Common 3 4 -10.3%
Southern Power -
Operating Revenues $176 $107 63.4%
Earnings Before Income Taxes 44 37 19.4%
Net Income Available to Common 27 23 17.6%