Georgia Power Company GPJA Income Statement

Georgia power company (GPJA)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18
Operating Revenues:
Revenues
5,018	-	5,995	5,098	5,412	-	6,159	5,627	6,372
Operating Expenses:
Cost of Goods and Services Sold
439	-	-	-	686	-	-	-	-
Other operations and maintenance
1,296	1,678	1,292	1,316	1,314	1,511	1,404	1,523	1,451
Depreciation and amortization
857	772	760	755	751	792	787	783	769
Taxes other than income taxes
330	299	303	299	329	325	319	316	355
Impairment charges
-	-	-	32	-	-	-	-	-
Estimated loss on plants under construction
-	-	4	4	-	-	1	1,060	44
Asset Impairment Charges
-	-	110	-	-	-	36	-	-
(Gain) loss on dispositions, net
39	77	6	8	2,497	-16	353	-36	0
Total operating expenses
3,755	4,224	3,982	3,756	1,721	4,759	3,985	5,564	4,996
Operating Income
1,263	690	2,013	1,342	3,691	578	2,174	63	1,376
Other Income and (Expense):
Allowance for equity funds used during construction
34	32	33	31	32	40	36	32	30
Earnings from equity method investments
42	42	39	33	48	40	36	31	41
Interest expense, net of amounts capitalized
456	443	434	429	430	456	458	470	458
Other income (expense), net
103	14	61	99	78	-81	57	78	60
Total other income and (expense)
-277	-355	-301	-266	-272	-457	-329	-329	-327
Earnings Before Income Taxes
986	335	1,712	1,076	3,419	121	1,845	-266	1,049
Income taxes
145	-74	367	145	1,360	-148	623	-139	113
Consolidated Net Income
841	409	1,345	931	2,059	269	1,222	-127	936
Dividends on preferred stock of subsidiaries
4	4	4	3	4	4	4	4	4
Net loss attributable to noncontrolling interests
-31	-35	25	29	-29	-13	54	23	-6
Net Income (Loss) Available to Common Stockholders, Basic
868	440	1,316	899	2,084	278	1,164	-154	938
Common Stock Data:
Earnings per share -
Basic (in dollars per share)
0.82	0.40	1.26	0.86	2.01	0.26	1.14	-0.15	0.93
Diluted (in dollars per share)
0.81	0.41	1.25	0.85	1.99	0.27	1.13	-0.15	0.92
Average number of shares of common stock outstanding (in millions)
Weighted Average Number of Shares Outstanding, Basic
1,057	1,054	1,048	1,044	1,038	1,032	1,023	1,014	1,011
Weighted Average Number of Shares Outstanding, Diluted
1,067	1,062	1,057	1,052	1,045	1,041	1,029	1,014	1,016
ALABAMA POWER CO
Revenues
1,351	-	1,841	1,513	1,408	-	1,740	1,503	1,473
Other operations and maintenance
350	601	409	402	409	479	401	402	387
Depreciation and amortization
200	199	195	200	199	194	192	189	189
Taxes other than income taxes
106	101	101	98	103	100	97	94	98
Total operating expenses
929	1,229	1,165	1,068	1,070	1,152	1,179	1,123	1,101
Operating Income
422	134	676	445	338	164	561	380	372
Allowance for equity funds used during construction
10	11	13	14	14	19	16	14	13
Interest expense, net of amounts capitalized
88	88	83	82	83	82	82	80	79
Other income (expense), net
24	10	11	11	14	-6	9	12	5
Total other income and (expense)
-54	-67	-59	-57	-55	-69	-57	-54	-61
Earnings Before Income Taxes
368	67	617	388	283	95	504	326	311
Income taxes
84	-25	144	89	62	18	127	64	82
Consolidated Net Income
284	92	473	299	221	77	377	262	229
Dividends on preferred stock of subsidiaries
4	4	4	3	4	4	4	3	4
Net Income (Loss) Available to Common Stockholders, Basic
280	88	469	296	217	73	373	259	225
GEORGIA POWER CO
Revenues
1,825	-	2,755	2,117	1,833	-	2,593	2,048	1,961
Other operations and maintenance
465	590	473	463	446	535	460	457	408
Depreciation and amortization
352	247	250	244	240	233	232	230	228
Taxes other than income taxes
113	106	127	115	106	105	118	106	108
Estimated loss on plants under construction
-	-	0	0	-	-	0	1,060	-
Total operating expenses
1,419	1,498	1,594	1,470	1,385	1,561	1,602	2,520	1,448
Operating Income
406	205	1,161	647	448	257	991	-472	513
Interest expense, net of amounts capitalized
111	105	103	105	96	94	95	102	106
Other income (expense), net
52	29	36	35	40	12	30	35	38
Total other income and (expense)
-59	-76	-67	-70	-56	-82	-65	-67	-68
Earnings Before Income Taxes
347	129	1,094	577	392	175	926	-539	445
Income taxes
16	7	255	129	81	2	262	-143	93
Consolidated Net Income
331	122	839	448	311	173	664	-396	352
Net Income (Loss) Available to Common Stockholders, Basic
331	122	839	448	311	173	664	-396	352
MISSISSIPPI POWER CO
Revenues
277	-	370	313	287	-	358	297	302
Other operations and maintenance
76	86	68	68	61	91	80	67	75
Depreciation and amortization
42	48	48	48	48	42	42	44	41
Taxes other than income taxes
29	29	30	28	26	24	28	27	28
Estimated loss on plants under construction
-	-	4	4	-	-	1	0	44
Total operating expenses
231	272	277	259	231	256	278	243	295
Operating Income
46	22	93	54	56	52	80	54	7
Interest expense, net of amounts capitalized
16	18	17	17	17	17	19	21	19
Other income (expense), net
8	-2	4	5	5	-11	0	27	1
Total other income and (expense)
-8	-19	-13	-12	-12	-28	-19	6	-18
Earnings Before Income Taxes
38	3	80	42	44	24	61	60	-11
Income taxes
6	3	15	5	7	-125	14	13	-4
Consolidated Net Income
32	0	65	37	37	149	47	47	-7
Net Income (Loss) Available to Common Stockholders, Basic
32	0	65	37	37	149	47	46	-7
SOUTHERN POWER CO
Revenues
375	-	574	510	443	-	635	555	509
Other operations and maintenance
79	112	85	79	83	117	94	91	93
Depreciation and amortization
117	121	120	119	119	124	130	125	114
Taxes other than income taxes
9	8	10	11	11	10	12	12	12
(Gain) loss on dispositions, net
39	-45	0	23	-1	-	0	0	-
Total operating expenses
287	396	407	357	383	476	499	539	449
Operating Income
88	15	167	153	60	30	136	16	60
Interest expense, net of amounts capitalized
39	41	43	41	44	45	45	46	47
Other income (expense), net
2	-1	6	40	2	1	17	2	3
Total other income and (expense)
-37	-42	-37	-1	-42	-44	-28	-44	-44
Earnings Before Income Taxes
51	-27	130	152	18	-14	108	-28	16
Income taxes
7	-15	19	-51	-9	46	-38	-73	-99
Consolidated Net Income
44	-12	111	203	27	-60	146	45	115
Net loss attributable to noncontrolling interests
-31	-35	25	29	-29	-12	54	23	-6
Net Income (Loss) Available to Common Stockholders, Basic
75	23	86	174	56	-48	92	22	121
SOUTHERN Co GAS
Revenues
1,249	-	498	689	1,474	-	492	730	1,639
Other operations and maintenance
258	246	208	199	235	251	216	238	276
Depreciation and amortization
120	129	121	119	118	126	119	126	129
Taxes other than income taxes
72	52	33	46	82	54	32	48	77
Asset Impairment Charges
-	-	92	-	-	-	0	-	-
Total operating expenses
889	813	533	555	1,121	944	118	681	1,251
Operating Income
360	318	-35	134	353	104	374	49	388
Earnings from equity method investments
43	43	35	31	48	41	34	31	42
Interest expense, net of amounts capitalized
58	58	56	59	59	58	52	59	59
Other income (expense), net
9	4	5	6	5	-20	6	3	12
Total other income and (expense)
-6	-11	-16	-22	-6	-37	-12	-25	-5
Earnings Before Income Taxes
354	307	-51	112	347	67	362	24	383
Income taxes
79	69	-22	6	77	-11	316	55	104
Consolidated Net Income
275	238	-29	106	270	78	46	-31	279
Net Income (Loss) Available to Common Stockholders, Basic
275	238	-29	106	270	78	46	-31	279
Retail [Member]
Revenues
3,078	-	4,512	3,540	3,084	-	4,605	3,740	3,568
Wholesale, Non-Affiliates [Member]
Revenues
418	-	625	542	499	-	698	616	623
Other Electric Revenue [Member]
Revenues
151	-	163	161	168	-	165	170	161
Natural gas
Revenues
1,249	-	498	689	1,474	-	492	706	1,607
Cost of Goods and Services Sold
439	363	79	191	686	487	104	228	720
Other
Revenues
122	-	197	166	187	-	199	395	413
Cost of Goods and Services Sold
55	119	114	84	118	118	120	279	289
Alternative revenue programs
Revenues
9	-	0	-	-2	-	5	-	-
Fuel
Cost of Goods and Services Sold
636	786	1,072	914	850	1,123	1,310	1,103	1,101
Purchased power
Cost of Goods and Services Sold
181	191	254	201	170	211	257	236	267
Southern Company Gas
Impairment charges
-	-	-	0	-	-	-	0	42
Gain (Loss) on Disposition of Assets
-	-	0	0	-	-	353	-36	-
Southern Power
Asset Impairment Charges
-	-	0	0	-	-	36	119	-
Mississippi Power
Dividends on preferred and preference stock of subsidiaries
-	-	0	0	-	-	0	1	-