Exhibit 99.07 | |||||||||||||||||||||||
Southern Company | |||||||||||||||||||||||
Financial Overview | |||||||||||||||||||||||
As Reported | |||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||
Three Months Ended June | Year-to-Date June | ||||||||||||||||||||||
2019 | 2018 | % Change | 2019 | 2018 | % Change | ||||||||||||||||||
Southern Company1 – | |||||||||||||||||||||||
Operating Revenues | $ | 5,098 | $ | 5,627 | (9.4 | )% | $ | 10,510 | $ | 11,999 | (12.4 | )% | |||||||||||
Earnings (Loss) Before Income Taxes | 1,076 | (266 | ) | N/M | 4,494 | 784 | N/M | ||||||||||||||||
Net Income (Loss) Available to Common | 899 | (154 | ) | N/M | 2,982 | 784 | N/M | ||||||||||||||||
Alabama Power – | |||||||||||||||||||||||
Operating Revenues | $ | 1,513 | $ | 1,503 | 0.7 | % | $ | 2,921 | $ | 2,976 | (1.8 | )% | |||||||||||
Earnings Before Income Taxes | 388 | 326 | 19.0 | % | 671 | 636 | 5.5 | % | |||||||||||||||
Net Income Available to Common | 296 | 259 | 14.3 | % | 513 | 484 | 6.0 | % | |||||||||||||||
Georgia Power – | |||||||||||||||||||||||
Operating Revenues | $ | 2,117 | $ | 2,048 | 3.4 | % | $ | 3,951 | $ | 4,008 | (1.4 | )% | |||||||||||
Earnings (Loss) Before Income Taxes | 577 | (539 | ) | N/M | 970 | (94 | ) | N/M | |||||||||||||||
Net Income (Loss) Available to Common | 448 | (396 | ) | N/M | 759 | (44 | ) | N/M | |||||||||||||||
Mississippi Power – | |||||||||||||||||||||||
Operating Revenues | $ | 313 | $ | 297 | 5.4 | % | $ | 600 | $ | 598 | 0.3 | % | |||||||||||
Earnings Before Income Taxes | 42 | 60 | (30.0 | )% | 86 | 49 | 75.5 | % | |||||||||||||||
Net Income Available to Common | 37 | 46 | (19.6 | )% | 74 | 39 | 89.7 | % | |||||||||||||||
Southern Power1 – | |||||||||||||||||||||||
Operating Revenues | $ | 510 | $ | 555 | (8.1 | )% | $ | 953 | $ | 1,064 | (10.4 | )% | |||||||||||
Earnings (Loss) Before Income Taxes | 152 | (28 | ) | N/M | 170 | (12 | ) | N/M | |||||||||||||||
Net Income Available to Common | 174 | 22 | N/M | 230 | 143 | 60.8 | % | ||||||||||||||||
Southern Company Gas1 – | |||||||||||||||||||||||
Operating Revenues | $ | 689 | $ | 730 | (5.6 | )% | $ | 2,163 | $ | 2,369 | (8.7 | )% | |||||||||||
Earnings Before Income Taxes | 112 | 24 | N/M | 459 | 407 | 12.8 | % | ||||||||||||||||
Net Income (Loss) Available to Common | 106 | (31 | ) | N/M | 376 | 248 | 51.6 | % | |||||||||||||||
N/M - not meaningful | |||||||||||||||||||||||
Notes | |||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | |||||||||||||||||||||||
(1) | Financial comparisons to the prior year were impacted by (i) Southern Company Gas' disposition of: (a) Pivotal Home Solutions on June 4, 2018, (b) Elizabethtown Gas and Elkton Gas on July 1, 2018, and (c) Florida City Gas on July 29, 2018; (ii) the disposition of Southern Power Company’s ownership interest in Plants Oleander and Stanton on December 4, 2018; (iii) Southern Power Company's sale of (a) a 33% equity interest in a limited partnership indirectly owning substantially all of its solar facilities on May 22, 2018 and (b) a noncontrolling interest in its subsidiary owning eight operating wind facilities on December 11, 2018; and (iv) the disposition of Gulf Power Company on January 1, 2019. |
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8-K Filing
Georgia Power (GPJA) 8-KResults of Operations and Financial Condition
Filed: 31 Jul 19, 7:04am