SOUTHERN Co GAS (GAS) 8-KResults of Operations and Financial Condition

Filed: 28 Apr 22, 8:17am


Exhibit 99.05

Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)

	Three Months Ended March
		2022		2021		Change
Retail Electric Revenues-
Fuel		$	1,014	$	838	$	176
Non-Fuel		2,599		2,504		95
Wholesale Electric Revenues		664		545		119
Other Electric Revenues		177		170		7
Natural Gas Revenues		2,058		1,694		364
Other Revenues		136		159		(23)
Total Operating Revenues		6,648		5,910		738
Fuel and Purchased Power		1,343		1,055		288
Cost of Natural Gas		1,095		583		512
Cost of Other Sales		69		82		(13)
Non-Fuel O&M		1,516		1,372		144
Depreciation and Amortization		892		871		21
Taxes Other Than Income Taxes		372		345		27
Estimated Loss on Plant Vogtle Units 3 and 4		—		48		(48)

Gain on Dispositions, net		(23)		(44)		21
Total Operating Expenses		5,264		4,312		952
Operating Income		1,384		1,598		(214)
Allowance for Equity Funds Used During Construction		51		46		5
Earnings from Equity Method Investments		46		45		1
Interest Expense, Net of Amounts Capitalized		462		450		12

Other Income (Expense), net		145		58		87
Income Taxes		173		190		(17)
Net Income		991		1,107		(116)
Dividends on Preferred Stock of Subsidiaries		4		4		—
Net Loss Attributable to Noncontrolling Interests		(45)		(32)		(13)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY		$	1,032	$	1,135	$	(103)

Notes

- Certain prior year data may have been reclassified to conform with current year presentation.

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