ALABAMA POWER CO - FORM 8-K - EX-99.05 - EXHIBIT - January 30, 2013

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8-K - 8-K - ALABAMA POWER COa8-kearningsrelease12x31x2.htm
EX-99.01 - EXHIBIT - ALABAMA POWER COex9901-pressrelease.htm
EX-99.07 - EXHIBIT - ALABAMA POWER COex9907-financialoverview.htm
EX-99.06 - EXHIBIT - ALABAMA POWER COex9906-kilowattxhoursales.htm
EX-99.03 - EXHIBIT - ALABAMA POWER COex9903-significantfactorsi.htm
EX-99.04 - EXHIBIT - ALABAMA POWER COex9904-epsearningsanalysis.htm
EX-99.02 - EXHIBIT - ALABAMA POWER COex9902-financialhighlights.htm


Exhibit 99.05
 
Southern Company
Consolidated Earnings
(In Millions of Dollars)
 
 
 
 
 
 
 
Three Months Ended
December
 
Year-to-Date
December
 
 
2012
 
2011
 
Change
 
2012
 
2011
 
Change
Income Account-
 
 
 
 
 
 
 
 
 
 
 
 
Retail Revenues-
 
 
 
 
 
 
 
 
 
 
 
 
Fuel
 
$
1,034

 
$
1,144

 
$
(110
)
 
$
4,743

 
$
5,686

 
$
(943
)
Non-Fuel
 
2,085

 
1,996

 
89

 
9,444

 
9,385

 
59

Wholesale Revenues
 
414

 
392

 
22

 
1,675

 
1,905

 
(230
)
Other Electric Revenues
 
157

 
147

 
10

 
616

 
611

 
5

Non-regulated Operating Revenues
 
13

 
17

 
(4
)
 
59

 
70

 
(11
)
Total Revenues
 
3,703

 
3,696

 
7

 
16,537

 
17,657

 
(1,120
)
Fuel and Purchased Power
 
1,239

 
1,353

 
(114
)
 
5,601

 
6,870

 
(1,269
)
Non-fuel O & M
 
974

 
1,101

 
(127
)
 
3,791

 
3,938

 
(147
)
MC Asset Recovery Insurance Settlement
 
—

 
—

 
—

 
(19
)
 
—

 
(19
)
Depreciation and Amortization
 
452

 
438

 
14

 
1,787

 
1,717

 
70

Taxes Other Than Income Taxes
 
224

 
215

 
9

 
914

 
901

 
13

Total Operating Expenses
 
2,889

 
3,107

 
(218
)
 
12,074

 
13,426

 
(1,352
)
Operating Income
 
814

 
589

 
225

 
4,463

 
4,231

 
232

Allowance for Equity Funds Used During Construction
 
41

 
40

 
1

 
143

 
153

 
(10
)
Interest Income
 
6

 
7

 
(1
)
 
40

 
21

 
19

Interest Expense, Net of Amounts Capitalized
 
210

 
219

 
(9
)
 
859

 
857

 
2

Other Income (Expense), net
 
(16
)
 
(44
)
 
28

 
(38
)
 
(61
)
 
23

Income Taxes
 
236

 
96

 
140

 
1,334

 
1,219

 
115

Net Income
 
399

 
277

 
122

 
2,415

 
2,268

 
147

Dividends on Preferred and Preference Stock of Subsidiaries
 
16

 
16

 
—

 
65

 
65

 
—

NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK (See Notes)
 
$
383

 
$
261

 
$
122

 
$
2,350

 
$
2,203

 
$
147


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
 
- Certain prior year data has been reclassified to conform with current year presentation.
 
 
 
 
 
 
 
 
 
 
 
 
 
- All figures in this earnings release are preliminary and remain subject to the completion of normal year-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-K.