SOUTHERN CO - FORM 8-K - EX-99.07 - EXHIBIT 99.07 - July 30, 2020

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EX-99.04 - EXHIBIT 99.04 - SOUTHERN COex9904-epsearningsanal.htm
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Exhibit 99.07
 
 
 
 
 
 
 
 
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
 
Three Months Ended
June
 
Year-to-Date
June
 
2020
 
2019
 
% Change
 
2020
 
2019
 
% Change
Southern Company1, 2 –
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
$
4,620

 
$
5,098

 
(9.4
)%
 
$
9,638

 
$
10,510

 
(8.3
)%
Earnings Before Income Taxes
626

 
1,076

 
(41.8
)%
 
1,611

 
4,494

 
(64.2
)%
Net Income Available to Common
612

 
899

 
(31.9
)%
 
1,480

 
2,982

 
(50.4
)%
 
 
 
 
 
 
 
 
 
 
 
 
Alabama Power –
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
$
1,365

 
$
1,513

 
(9.8
)%
 
$
2,716

 
$
2,921

 
(7.0
)%
Earnings Before Income Taxes
395

 
388

 
1.8
 %
 
762

 
671

 
13.6
 %
Net Income Available to Common
298

 
296

 
0.7
 %
 
578

 
513

 
12.7
 %
 
 
 
 
 
 
 
 
 
 
 
 
Georgia Power –
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
$
1,928

 
$
2,117

 
(8.9
)%
 
$
3,754

 
$
3,951

 
(5.0
)%
Earnings Before Income Taxes
319

 
577

 
(44.7
)%
 
665

 
970

 
(31.4
)%
Net Income Available to Common
308

 
448

 
(31.3
)%
 
638

 
759

 
(15.9
)%
 
 
 
 
 
 
 
 
 
 
 
 
Mississippi Power –
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
$
283

 
$
313

 
(9.6
)%
 
$
559

 
$
600

 
(6.8
)%
Earnings Before Income Taxes
41

 
42

 
(2.4
)%
 
79

 
86

 
(8.1
)%
Net Income Available to Common
39

 
37

 
5.4
 %
 
71

 
74

 
(4.1
)%
 
 
 
 
 
 
 
 
 
 
 
 
Southern Power2 –
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
$
439

 
$
510

 
(13.9
)%
 
$
814

 
$
953

 
(14.6
)%
Earnings Before Income Taxes
74

 
152

 
(51.3
)%
 
125

 
170

 
(26.5
)%
Net Income Available to Common
63

 
174

 
(63.8
)%
 
138

 
230

 
(40.0
)%
 
 
 
 
 
 
 
 
 
 
 
 
Southern Company Gas –
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues
$
636

 
$
689

 
(7.7
)%
 
$
1,885

 
$
2,163

 
(12.9
)%
Earnings Before Income Taxes
87

 
112

 
(22.3
)%
 
441

 
459

 
(3.9
)%
Net Income Available to Common
71

 
106

 
(33.0
)%
 
346

 
376

 
(8.0
)%
 
 
 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
 
 
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented.
(1)
Earnings comparisons to the prior year were significantly impacted by the preliminary gain associated with the sale of Gulf Power Company on January 1, 2019.
(2)
Earnings and revenue comparisons to the prior year were significantly impacted by Southern Power Company's dispositions of Plant Nacogdoches on June 13, 2019 and Plant Mankato on January 17, 2020.


SOUTHERN CO Reports