EXHIBIT 99.02
Southern Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
3 Months Ended September Year-to-Date September
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2007 2006 2007 2006
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(Notes) (Notes) (Notes) (Notes)
Consolidated Earnings-As Reported
(See Notes)
Traditional Operating Companies $ 714 $ 691 $ 1,382 $ 1,293
Southern Power 52 46 123 98
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Total 766 737 1,505 1,391
Synthetic Fuels 15 4 55 7
Leasing Business 3 5 4 16
Parent Company and Other (22) (8) (34) (29)
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Net Income - As Reported $ 762 $ 738 $ 1,530 $ 1,385
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Basic Earnings Per Share - (See Notes) $ 1.00 $ 0.99 $ 2.03 $ 1.86
Operating Revenues $4,832 $4,549 $12,013 11,204
Average Shares Outstanding (in millions) 758 743 755 743
End of Period Shares Outstanding (in millions) 760 743
3 Months Ended September Year-to-Date September
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2007 2006 2007 2006
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Consolidated Earnings-Excluding Synfuels
(See Notes)
Net Income - As Reported $ 762 $ 738 $ 1,530 $ 1,385
Less: Synthetic Fuels (15) (4) (55) (7)
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Net Income-Excluding Synthetic Fuels $ 747 $ 734 $ 1,475 $ 1,378
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Basic Earnings Per Share-Excluding Synfuels $ 0.99 $ 0.99 $ 1.96 $ 1.86
Notes
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- -For the third quarter and year-to-date 2007, diluted earnings per share was
not more than 1 cent per share.
- -Tax credits associated with Southern Company's synthetic fuel investments
expire December 31, 2007 and will not contribute to Southern Company's
earnings and earnings per share after 2007.
- -Certain prior year data has been reclassified to conform with current year
presentation.
- -Information contained in this report is subject to audit and adjustments.
Certain classifications may be different from final results published in
the Form 10-Q.