Exhibit 99.02
Southern Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
3 months ended December 12 months ended December
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2005 2004 2005 2004
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(Notes) (Notes) (Notes) (Notes)
Consolidated Earnings-
(See Notes)
Retail Business $ 90 $ 122 $ 1,251 $ 1,200
Competitive Generation 62 44 270 220
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Total 152 166 1,521 1,420
Synthetic Fuels 12 14 85 74
Leasing Business 7 5 27 24
Parent Company and Other (12) (5) (42) (10)
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Net Income - Excluding One-Time Items ( See Notes ) $ 159 $ 180 $ 1,591 $ 1,508
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Net Income - As Reported $ 159 $ 204 $ 1,591 $ 1,532
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Basic Earnings Per Share - (See Notes)
- Excluding One-Time Items $ 0.21 $ 0.24 $ 2.14 $ 2.04
- As Reported $ 0.21 $ 0.27 $ 2.14 $ 2.07
Operating Revenues $3,287 $2,670 $13,552 $11,729
Average Shares Outstanding (in millions) 742 741 744 739
End of Period Shares Outstanding (in millions) 742 742
Notes
- - Southern Company GAS completed the sale of substantially all of its assets
on January 4, 2006 and is included in consolidated earnings in all periods
as discontinued operations.
- - Excludes a one-time after tax gain of $24 million in December 2004 from the
resolution of an IRS audit for the years 2000 and 2001.
- - For 3 months ended December 2005 and 2004, diluted earnings per share are
not more than 1 cent per share and are not material. For 12 months ended
December 2005 and 2004, diluted earnings per share are (1) cent per share.
- - Certain prior year data has been reclassified to conform with current year
presentation.
- - Information contained in this report is subject to audit and adjustments
and certain classifications may be different from final results published
in the Form 10-K.