EXHIBIT 99.04
Southern Company
Analysis of Consolidated Earnings
(In Millions of Dollars)
3 Months Ended December 12 Months Ended December
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2006 2005 Change 2006 2005 Change
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Income Account-
Retail Revenue $2,505 $2,669 $ (164) $11,801 $11,165 $ 636
Wholesale Revenue 461 429 32 1,822 1,667 155
Other Electric Revenues 119 125 (6) 465 446 19
Non-regulated Operating Revenues 67 67 - 268 276 (8)
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Total Revenues 3,152 3,290 (138) 14,356 13,554 802
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Fuel and Purchased Power 1,231 1,391 (160) 5,695 5,226 469
Non-fuel O & M 971 1,020 (49) 3,519 3,510 9
Depreciation and Amortization 304 300 4 1,200 1,176 24
Taxes Other Than Income Taxes 177 175 2 718 680 38
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Total Operating Expenses 2,683 2,886 (203) 11,132 10,592 540
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Operating Income 469 404 65 3,224 2,962 262
Other Income, net 5 (26) 31 31 1 30
Interest Charges and Dividends 240 204 36 900 777 123
Income Taxes 46 21 25 781 595 186
Discontinued Operations, net of tax - 6 (6) (1) - (1)
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NET INCOME AS REPORTED (See Notes) $ 188 $ 159 $ 29 $ 1,573 $ 1,591 $ (18)
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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.
- - 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.