Attached files
| file | filename |
|---|---|
| 8-K - 8-K - SOUTHERN CO | a8-kearningsreleaseq42013.htm |
| EX-99.01 - EXHIBIT - SOUTHERN CO | ex9901-pressreleaseq42013.htm |
| EX-99.02 - EXHIBIT - SOUTHERN CO | ex9902-financialhighlights.htm |
| EX-99.03 - EXHIBIT - SOUTHERN CO | ex9903-significantfactorsi.htm |
| EX-99.04 - EXHIBIT - SOUTHERN CO | ex9904-epsearningsanalysis.htm |
| EX-99.05 - EXHIBIT - SOUTHERN CO | ex9905-consolidatedearning.htm |
| EX-99.06 - EXHIBIT - SOUTHERN CO | ex9906-kilowattxhoursalesq.htm |
Exhibit 99.07 | ||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||
Financial Overview | ||||||||||||||||||||||
As Reported | ||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||
Three Months Ended December | Year-to-Date December | |||||||||||||||||||||
2013 | 2012 | % Change | 2013 | 2012 | % Change | |||||||||||||||||
Consolidated – | ||||||||||||||||||||||
Operating Revenues | $ | 3,927 | $ | 3,703 | 6.0 | % | $ | 17,087 | $ | 16,537 | 3.3 | % | ||||||||||
Earnings Before Income Taxes | 623 | 635 | (1.9 | )% | 2,559 | 3,749 | (31.7 | )% | ||||||||||||||
Net Income Available to Common | 414 | 383 | 8.1 | % | 1,644 | 2,350 | (30.0 | )% | ||||||||||||||
Alabama Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,314 | $ | 1,290 | 1.9 | % | $ | 5,618 | $ | 5,520 | 1.8 | % | ||||||||||
Earnings Before Income Taxes | 237 | 205 | 15.6 | % | 1,229 | 1,220 | 0.7 | % | ||||||||||||||
Net Income Available to Common | 140 | 113 | 23.9 | % | 712 | 704 | 1.1 | % | ||||||||||||||
Georgia Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,866 | $ | 1,735 | 7.6 | % | $ | 8,274 | $ | 7,998 | 3.5 | % | ||||||||||
Earnings Before Income Taxes | 335 | 315 | 6.3 | % | 1,914 | 1,873 | 2.2 | % | ||||||||||||||
Net Income Available to Common | 208 | 181 | 14.9 | % | 1,174 | 1,168 | 0.5 | % | ||||||||||||||
Gulf Power – | ||||||||||||||||||||||
Operating Revenues | $ | 343 | $ | 331 | 3.6 | % | $ | 1,440 | $ | 1,440 | — | % | ||||||||||
Earnings Before Income Taxes | 44 | 39 | 13.1 | % | 212 | 211 | 0.2 | % | ||||||||||||||
Net Income Available to Common | 25 | 23 | 12.2 | % | 124 | 126 | (1.2 | )% | ||||||||||||||
Mississippi Power – | ||||||||||||||||||||||
Operating Revenues | $ | 268 | $ | 236 | 13.5 | % | $ | 1,145 | $ | 1,036 | 10.5 | % | ||||||||||
Earnings Before Income Taxes | 1 | (36 | ) | N/M | (843 | ) | 122 | N/M | ||||||||||||||
Net Income Available to Common | 13 | (15 | ) | N/M | (477 | ) | 100 | N/M | ||||||||||||||
Southern Power – | ||||||||||||||||||||||
Operating Revenues | $ | 300 | $ | 292 | 3.0 | % | $ | 1,275 | $ | 1,186 | 7.5 | % | ||||||||||
Earnings Before Income Taxes | 32 | 48 | (33.2 | )% | 211 | 268 | (21.1 | )% | ||||||||||||||
Net Income Available to Common | 24 | 31 | (24.9 | )% | 166 | 175 | (5.6 | )% | ||||||||||||||
N/M - not meaningful | ||||||||||||||||||||||
Notes | ||||||||||||||||||||||
- Mississippi Power Company restated its 2012 financial statements to reflect a pre-tax charge to income for the estimated probable loss on Kemper IGCC of $78 million ($48 million after tax) in 2012. Southern Company evaluated the portion of the estimated probable loss related to 2012 and concluded it was not material to Southern Company. Therefore, Southern Company reflected the pre-tax charge to income for this portion of the estimated probable loss related to 2012 in the first quarter 2013. | ||||||||||||||||||||||
- 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 quarter-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. | ||||||||||||||||||||||