Exhibit 99.07 | ||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||
Financial Overview | ||||||||||||||||||||||
As Reported | ||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||
Three Months Ended December | Year-to-Date December | |||||||||||||||||||||
2018 | 2017 | % Change | 2018 | 2017 | % Change | |||||||||||||||||
Southern Company1 – | ||||||||||||||||||||||
Operating Revenues | $ | 5,337 | $ | 5,629 | (5.2 | )% | $ | 23,495 | $ | 23,031 | 2.0 | % | ||||||||||
Earnings Before Income Taxes | 120 | 325 | (63.1 | )% | 2,749 | 1,068 | 157.4 | % | ||||||||||||||
Net Income Available to Common | 278 | 496 | (44.0 | )% | 2,226 | 842 | 164.4 | % | ||||||||||||||
Alabama Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,316 | $ | 1,433 | (8.2 | )% | $ | 6,032 | $ | 6,039 | (0.1 | )% | ||||||||||
Earnings Before Income Taxes | 96 | 198 | (51.5 | )% | 1,236 | 1,434 | (13.8 | )% | ||||||||||||||
Net Income Available to Common | 73 | 119 | (38.7 | )% | 930 | 848 | 9.7 | % | ||||||||||||||
Georgia Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,818 | $ | 1,884 | (3.5 | )% | $ | 8,420 | $ | 8,310 | 1.3 | % | ||||||||||
Earnings Before Income Taxes | 175 | 352 | (50.3 | )% | 1,007 | 2,258 | (55.4 | )% | ||||||||||||||
Net Income Available to Common | 173 | 227 | (23.8 | )% | 793 | 1,414 | (43.9 | )% | ||||||||||||||
Gulf Power – | ||||||||||||||||||||||
Operating Revenues | $ | 359 | $ | 372 | (3.5 | )% | $ | 1,465 | $ | 1,516 | (3.4 | )% | ||||||||||
Earnings Before Income Taxes | (6 | ) | 30 | (120.0 | )% | 140 | 229 | (38.9 | )% | |||||||||||||
Net Income Available to Common | 13 | 19 | (31.6 | )% | 160 | 135 | 18.5 | % | ||||||||||||||
Mississippi Power – | ||||||||||||||||||||||
Operating Revenues | $ | 308 | $ | 271 | 13.7 | % | $ | 1,265 | $ | 1,187 | 6.6 | % | ||||||||||
Earnings (Loss) Before Income Taxes | 24 | (202 | ) | N/M | 134 | (3,120 | ) | N/M | ||||||||||||||
Net Income (Loss) Available to Common | 149 | (556 | ) | N/M | 235 | (2,590 | ) | N/M | ||||||||||||||
Southern Power1 – | ||||||||||||||||||||||
Operating Revenues | $ | 506 | $ | 478 | 5.9 | % | $ | 2,205 | $ | 2,075 | 6.3 | % | ||||||||||
Earnings Before Income Taxes | (14 | ) | (17 | ) | N/M | 82 | 178 | (53.9 | )% | |||||||||||||
Net Income Available to Common | (48 | ) | 795 | N/M | 187 | 1,071 | (82.5 | )% | ||||||||||||||
Southern Company Gas1 – | ||||||||||||||||||||||
Operating Revenues | $ | 1,048 | $ | 1,079 | (2.9 | )% | $ | 3,909 | $ | 3,920 | (0.3 | )% | ||||||||||
Earnings Before Income Taxes | 67 | 74 | (9.5 | )% | 836 | 610 | 37.0 | % | ||||||||||||||
Net Income Available to Common | 78 | (60 | ) | N/M | 372 | 243 | 53.1 | % | ||||||||||||||
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; and (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. |
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8-K Filing
Southern (SO) 8-KResults of Operations and Financial Condition
Filed: 20 Feb 19, 7:06am