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

Filed: 27 Oct 22, 8:13am


Exhibit 99.05

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

	Three Months Ended September						Year-To-Date September
	2022		2021		Change		2022		2021		Change
Retail Electric Revenues-
Fuel	$	2,320	$	1,186	$	1,134	$	4,942	$	2,899	$	2,043
Non-Fuel	3,641		3,365		276		9,421		8,593		828
Wholesale Electric Revenues	1,197		731		466		2,798		1,822		976
Other Electric Revenues	185		179		6		554		525		29
Natural Gas Revenues	857		623		234		3,998		2,994		1,004
Other Revenues	178		154		24		519		513		6
Total Operating Revenues	8,378		6,238		2,140		22,232		17,346		4,886
Fuel and Purchased Power	3,068		1,522		1,546		6,534		3,642		2,892
Cost of Natural Gas	294		129		165		1,840		943		897
Cost of Other Sales	92		71		21		275		255		20
Non-Fuel O&M	1,547		1,446		101		4,621		4,257		364
Depreciation and Amortization	922		896		26		2,728		2,658		70
Taxes Other Than Income Taxes	352		312		40		1,073		969		104
Estimated Loss on Plant Vogtle Units 3 and 4	(70)		264		(334)		(18)		772		(790)

Gain on Dispositions, net	(20)		(125)		105		(53)		(179)		126
Total Operating Expenses	6,185		4,515		1,670		17,000		13,317		3,683
Operating Income	2,193		1,723		470		5,232		4,029		1,203
Allowance for Equity Funds Used During Construction	59		49		10		163		140		23
Earnings from Equity Method Investments	28		30		(2)		109		35		74
Interest Expense, Net of Amounts Capitalized	511		451		60		1,461		1,352		109

Other Income (Expense), net	132		131		1		414		290		124
Income Taxes	414		372		42		891		550		341
Net Income	1,487		1,110		377		3,566		2,592		974
Dividends on Preferred Stock of Subsidiaries	3		4		(1)		10		11		(1)
Net Income (Loss) Attributable to Noncontrolling Interests	12		5		7		(55)		(27)		(28)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	1,472	$	1,101	$	371	$	3,611	$	2,608	$	1,003

Notes

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

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