Attached files
| file | filename |
|---|---|
| 8-K - ALABAMA POWER CO | earnings8k2nd2010.htm |
| EX-99.05 - ALABAMA POWER CO | ex99-05.htm |
| EX-99.06 - ALABAMA POWER CO | ex99-06.htm |
| EX-99.07 - ALABAMA POWER CO | ex99-07.htm |
| EX-99.03 - ALABAMA POWER CO | ex99-03.htm |
| EX-99.04 - ALABAMA POWER CO | ex99-04.htm |
| EX-99.01 - ALABAMA POWER CO | ex99-01.htm |
Exhibit 99.02
Southern
Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
(In Millions of Dollars Except Earnings Per Share)
|
Three
Months Ended June
|
Year-to-Date
June
|
|||||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
|||||||||||||||
|
Consolidated
Earnings–As Reported
|
||||||||||||||||||
|
(See
Notes)
|
||||||||||||||||||
|
Traditional
Operating Companies
|
$
|
475
|
$
|
420
|
$
|
957
|
$
|
723
|
||||||||||
|
Southern
Power
|
30
|
31
|
45
|
59
|
||||||||||||||
|
Total
|
505
|
451
|
1,002
|
782
|
||||||||||||||
|
Parent
Company and Other
|
5
|
27
|
3
|
(178)
|
||||||||||||||
|
Net
Income–As Reported
|
$
|
510
|
$
|
478
|
$
|
1,005
|
$
|
604
|
||||||||||
|
Basic
Earnings Per Share -
|
$
|
0.62
|
$
|
0.61
|
$
|
1.22
|
$
|
0.77
|
||||||||||
|
Average
Shares Outstanding (in
millions)
|
828
|
791
|
825
|
785
|
||||||||||||||
|
End
of Period Shares Outstanding (in
millions)
|
831
|
796
|
||||||||||||||||
|
Three
Months Ended June
|
Year-to-Date
June
|
|||||||||||||||||
|
2010
|
2009
|
2010
|
2009
|
|||||||||||||||
|
Consolidated
Earnings–Excluding Items
|
||||||||||||||||||
|
(See
Notes)
|
||||||||||||||||||
|
Net
Income–As Reported
|
$
|
510
|
$
|
478
|
$
|
1,005
|
$
|
604
|
||||||||||
|
MC
Asset Recovery Litigation Settlement
|
-
|
-
|
-
|
202
|
||||||||||||||
|
Net
Income–Excluding Items
|
$
|
510
|
$
|
478
|
$
|
1,005
|
$
|
806
|
||||||||||
|
Basic
Earnings Per Share–Excluding Items
|
$
|
0.62
|
$
|
0.61
|
$
|
1.22
|
$
|
1.03
|
||||||||||
|
Notes
|
||||||||||||||||||
|
-
For the three months and six months ended June 30, 2010 and 2009, diluted
earnings per share are not more than 1 cent per share and are not
material.
|
||||||||||||||||||
|
-
The charge related to Southern Company's MC Asset Recovery litigation
settlement significantly impacted the presentation of earnings and
earnings per share
for
the six months ended June 30, 2009, and significant charges related to the
Mirant spin-off are not expected to occur in the
future.
|
||||||||||||||||||
|
-
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.
|
||||||||||||||||||