The southern company (SO)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Operating Revenues:
Retail electric revenues

-

-

-

-

14,987

15,550

14,541

14,187

15,071

14,791

13,307

14,055

12,639

Wholesale electric revenues

-

-

-

-

1,798

2,184

1,855

1,675

1,905

1,994

1,802

2,400

1,988

Other electric revenues

-

-

-

-

657

672

639

616

611

589

533

545

513

Natural gas revenues (includes alternative revenue programs of $(4), $-, $(27), and $9, respectively)

-

-

-

-

0

-

-

-

-

-

-

-

-

Other revenues

-

-

-

-

47

61

52

59

70

82

101

127

213

Revenues

21,419

23,495

23,031

19,896

17,489

18,467

17,087

16,537

17,657

17,456

15,743

17,127

15,353

Operating Expenses:
Cost of other sales

-

-

-

-

0

-

-

-

-

-

-

-

-

Other operations and maintenance

5,600

5,889

5,739

5,382

4,416

4,354

3,846

3,772

3,938

4,010

3,526

3,748

3,670

MC Asset Recovery insurance settlement

-

-

-

-

-

-

-

-

-

0

-202

-

0

Depreciation and amortization

3,038

3,131

3,010

2,502

2,034

1,945

1,901

1,787

1,717

1,513

1,503

1,443

1,245

Taxes other than income taxes

1,230

1,315

1,250

1,113

997

981

934

914

901

869

818

797

741

Estimated loss on plants

24

1,097

3,362

428

365

868

1,180

0

0

-

-

-

-

Asset Impairment Charges

168

210

0

0

-

-

-

-

-

-

-

-

-

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

-2,569

-291

-40

1

-

-

-

-

-

-

-

-

-

(Gain) loss on dispositions, net

2,588

301

42

2

-

-

-

-

-

-

-

-

-

Fuel

-

-

-

-

4,750

6,005

5,510

5,057

6,262

6,699

5,952

6,818

5,856

Purchased power

-

-

-

-

645

672

461

544

608

563

474

815

515

Cost of natural gas

-

-

-

-

0

-

-

-

-

-

-

-

-

Depreciation, Amortization and Accretion, Net

3,331

3,549

3,457

2,923

2,395

-

-

-

-

-

-

-

-

Total operating expenses

13,683

19,304

20,698

15,410

13,207

14,825

13,832

12,074

13,426

13,654

12,475

13,621

12,027

Operating Income

7,736

4,191

2,333

4,486

4,282

3,642

3,255

4,463

4,231

3,802

3,268

3,506

3,326

Other Income and (Expense):
Allowance for equity funds used during construction

128

138

160

202

226

245

190

143

153

194

200

152

106

Earnings from equity method investments

162

148

106

59

0

-

-

-

-

-

-

-

-24

Interest income

-

-

-

-

-

19

19

40

21

24

23

33

45

Leveraged lease income (loss)

-

-

-

-

-

-

-

-

-

-

-

-85

40

Interest expense, net of amounts capitalized

1,736

1,842

1,694

1,317

840

835

824

859

857

895

905

866

886

Gain on disposition of lease termination

-

-

-

-

-

-

-

-

-

-

-

-

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

0

Other income (expense), net

252

114

163

50

-39

-63

-81

-38

-61

-59

41

-18

10

Total other income and (expense)

-1,194

-1,442

-1,265

-1,006

-653

-634

-696

-714

-744

-736

-664

-784

-709

Earnings Before Income Taxes

6,542

2,749

1,068

3,480

3,629

3,008

2,559

3,749

3,487

3,066

2,604

2,722

2,617

Income taxes

1,798

449

142

951

1,194

977

849

1,334

1,219

1,026

896

915

835

Consolidated Net Income

4,744

2,300

926

2,529

2,435

2,031

1,710

2,415

2,268

2,040

1,708

1,807

1,782

Dividends on preferred stock of subsidiaries

15

16

38

45

54

68

66

65

-

-

-

-

-

Net loss attributable to noncontrolling interests

-10

58

46

36

14

0

0

-

65

65

65

65

48

Net Income (Loss) Available to Common Stockholders, Basic

4,739

2,226

842

2,448

2,367

1,963

1,644

2,350

2,203

1,975

1,643

1,742

1,734

Common Stock Data:
Earnings per share -
Basic (in dollars per share)

4.53

2.18

0.84

2.57

2.60

2.19

1.88

2.70

2.57

2.37

2.07

2.26

2.29

Diluted (in dollars per share)

4.50

2.17

0.84

2.55

2.59

2.18

1.87

2.67

2.55

2.36

2.06

2.25

2.28

Average number of shares of common stock outstanding (in millions)
Weighted Average Number of Shares Outstanding, Basic

1,046

1,020

1,000

951

910

897

877

871

857

832

795

771

756

Weighted Average Number of Shares Outstanding, Diluted

1,054

1,025

1,008

958

914

901

881

879

864

837

796

775

761

Cash dividends paid per share of common stock (in dollars per share)

-

-

-

-

-

-

-

-

-

1.80

1.73

1.66

1.59

Alabama Power
Total operating revenues

6,125

6,032

6,039

5,889

5,768

5,942

-

-

-

-

-

-

-

Purchased power, non-affiliates

203

216

170

166

171

185

-

-

-

-

-

-

-

Purchased power, affiliates

200

216

158

168

180

200

-

-

-

-

-

-

-

Depreciation, Amortization and Accretion, Net

951

917

888

844

780

-

-

-

-

-

-

-

-

Georgia Power
Total operating revenues

8,408

8,420

8,310

8,383

8,326

8,988

-

-

-

-

-

-

-

Estimated loss on plants

0

1,060

0

0

-

-

-

-

-

-

-

-

-

Purchased power, non-affiliates

521

430

416

361

289

287

-

-

-

-

-

-

-

Purchased power, affiliates

575

723

622

518

575

701

-

-

-

-

-

-

-

Depreciation, Amortization and Accretion, Net

1,193

1,142

1,100

1,063

1,029

-

-

-

-

-

-

-

-

Dividends on preferred and preference stock of subsidiaries

0

0

14

17

17

17

-

-

-

-

-

-

-

GULF POWER CO
Total operating revenues

-

-

-

-

1,483

1,590

-

-

-

-

-

-

-

Retail electric revenues

-

-

-

-

1,249

1,267

-

-

-

-

-

-

-

Wholesale revenues, non-affiliates

-

-

-

-

107

129

-

-

-

-

-

-

-

Wholesale revenues, affiliates

-

-

-

-

58

130

-

-

-

-

-

-

-

Other Revenue, Net

-

-

-

-

69

64

-

-

-

-

-

-

-

Utilities Operating Expense, Maintenance and Operations

-

-

-

-

354

341

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

141

145

-

-

-

-

-

-

-

Taxes other than income taxes

-

-

-

-

118

111

-

-

-

-

-

-

-

Loss on Plant Scherer Unit 3

-

-

-

-

0

-

-

-

-

-

-

-

-

Fuel

-

-

-

-

445

605

-

-

-

-

-

-

-

Purchased power, non-affiliates

-

-

-

-

-

82

-

-

-

-

-

-

-

Purchased power

-

-

-

-

135

-

-

-

-

-

-

-

-

Purchased power, affiliates

-

-

-

-

35

25

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

152

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

1,193

1,309

-

-

-

-

-

-

-

Operating Income (Loss)

-

-

-

-

290

281

-

-

-

-

-

-

-

Interest expense, net of amounts capitalized

-

-

-

-

49

53

-

-

-

-

-

-

-

Other Nonoperating Income (Expense)

-

-

-

-

8

-3

-

-

-

-

-

-

-

Total other income and (expense)

-

-

-

-

-41

-44

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

-

-

-

-

249

237

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

-

-

-

-

92

88

-

-

-

-

-

-

-

Consolidated net income (loss)

-

-

-

-

157

149

-

-

-

-

-

-

-

Dividends on preferred and preference stock of subsidiaries

-

-

-

-

9

9

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-

-

-

-

148

140

-

-

-

-

-

-

-

Mississippi Power
Total operating revenues

1,264

1,265

1,187

1,163

1,138

1,243

-

-

-

-

-

-

-

Estimated loss on plants

24

37

3,362

428

365

868

-

-

-

-

-

-

-

Purchased power, affiliates

20

41

25

34

12

25

-

-

-

-

-

-

-

Depreciation, Amortization and Accretion, Net

197

177

198

157

126

-

-

-

-

-

-

-

-

Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity

1

0

72

124

110

136

-

-

-

-

-

-

-

Dividends on preferred and preference stock of subsidiaries

0

1

2

2

2

2

-

-

-

-

-

-

-

Southern Power
Total operating revenues

1,938

2,205

2,075

1,577

417

383

-

-

-

-

-

-

-

Asset Impairment Charges

3

156

0

0

-

-

-

-

-

-

-

-

-

Purchased power, non-affiliates

108

176

149

102

93

105

-

-

-

-

-

-

-

Depreciation, Amortization and Accretion, Net

505

524

536

370

254

-

-

-

-

-

-

-

-

Southern Company Gas
Total operating revenues

3,792

3,909

3,920

1,652

-

-

-

-

-

-

-

-

-

Impairment charges

115

42

0

-

-

-

-

-

-

-

-

-

-

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

0

-291

0

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Assets

0

291

0

-

-

-

-

-

-

-

-

-

-

Depreciation, Amortization and Accretion, Net

487

500

501

-

-

-

-

-

-

-

-

-

-

ALABAMA POWER CO
Retail electric revenues

-

-

-

-

5,234

5,249

-

-

-

-

-

-

-

Wholesale revenues, non-affiliates

-

-

-

-

241

281

-

-

-

-

-

-

-

Wholesale revenues, affiliates

-

-

-

-

84

189

-

-

-

-

-

-

-

Other Revenue, Net

-

-

-

-

209

223

-

-

-

-

-

-

-

Other operations and maintenance

1,821

1,669

1,709

1,557

1,501

1,468

-

-

-

-

-

-

-

Depreciation and amortization

793

764

736

703

643

603

-

-

-

-

-

-

-

Taxes other than income taxes

403

389

384

380

368

356

-

-

-

-

-

-

-

Fuel

-

-

-

-

1,300

1,605

-

-

-

-

-

-

-

Total operating expenses

4,532

4,555

4,382

4,271

4,205

4,417

-

-

-

-

-

-

-

Operating Income

1,593

1,477

1,657

1,618

1,563

1,525

-

-

-

-

-

-

-

Allowance for equity funds used during construction

52

62

39

28

60

49

-

-

-

-

-

-

-

Interest expense, net of amounts capitalized

336

323

305

302

274

255

-

-

-

-

-

-

-

Other income (expense), net

46

20

43

26

-32

-22

-

-

-

-

-

-

-

Total other income and (expense)

-238

-241

-223

-248

-246

-213

-

-

-

-

-

-

-

Earnings Before Income Taxes

1,355

1,236

1,434

1,370

1,317

1,312

-

-

-

-

-

-

-

Income taxes

270

291

568

531

506

512

-

-

-

-

-

-

-

Consolidated Net Income

1,085

945

866

839

811

800

-

-

-

-

-

-

-

Dividends on preferred stock of subsidiaries

15

15

18

17

26

39

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

1,070

930

848

822

785

761

-

-

-

-

-

-

-

GEORGIA POWER CO
Retail electric revenues

-

-

-

-

7,727

8,240

-

-

-

-

-

-

-

Wholesale revenues, non-affiliates

-

-

-

-

215

335

-

-

-

-

-

-

-

Wholesale revenues, affiliates

-

-

-

-

20

42

-

-

-

-

-

-

-

Other Revenue, Net

-

-

-

-

364

371

-

-

-

-

-

-

-

Other operations and maintenance

1,972

1,860

1,724

2,003

1,844

1,902

-

-

-

-

-

-

-

Depreciation and amortization

981

923

895

855

846

846

-

-

-

-

-

-

-

Taxes other than income taxes

454

437

409

405

391

409

-

-

-

-

-

-

-

Fuel

-

-

-

-

2,033

2,547

-

-

-

-

-

-

-

Total operating expenses

5,947

7,131

5,737

5,949

5,978

6,692

-

-

-

-

-

-

-

Operating Income

2,461

1,289

2,573

2,434

2,348

2,296

-

-

-

-

-

-

-

Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity

-

-

-

-

-

45

-

-

-

-

-

-

-

Interest expense, net of amounts capitalized

409

397

419

388

363

348

-

-

-

-

-

-

-

Other income (expense), net

140

115

104

81

61

23

-

-

-

-

-

-

-

Total other income and (expense)

-269

-282

-315

-307

-302

-325

-

-

-

-

-

-

-

Earnings Before Income Taxes

2,192

1,007

2,258

2,127

2,046

1,971

-

-

-

-

-

-

-

Income taxes

472

214

830

780

769

729

-

-

-

-

-

-

-

Consolidated Net Income

1,720

793

1,428

1,347

1,277

1,242

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

1,720

793

1,414

1,330

1,260

1,225

-

-

-

-

-

-

-

MISSISSIPPI POWER CO
Retail electric revenues

-

-

-

-

776

795

-

-

-

-

-

-

-

Wholesale revenues, non-affiliates

-

-

-

-

270

323

-

-

-

-

-

-

-

Wholesale revenues, affiliates

-

-

-

-

76

107

-

-

-

-

-

-

-

Other Revenue, Net

-

-

-

-

16

18

-

-

-

-

-

-

-

Other operations and maintenance

283

313

291

317

274

271

-

-

-

-

-

-

-

Depreciation and amortization

192

169

161

132

123

97

-

-

-

-

-

-

-

Taxes other than income taxes

113

107

104

109

94

79

-

-

-

-

-

-

-

Fuel

-

-

-

-

443

574

-

-

-

-

-

-

-

Purchased power, non-affiliates

-

-

-

-

-

18

-

-

-

-

-

-

-

Total operating expenses

1,039

1,072

4,338

1,363

1,311

1,932

-

-

-

-

-

-

-

Operating Income

225

193

-3,151

-200

-173

-689

-

-

-

-

-

-

-

Interest expense, net of amounts capitalized

69

76

42

74

7

45

-

-

-

-

-

-

-

Other income (expense), net

12

17

1

-2

-8

-14

-

-

-

-

-

-

-

Total other income and (expense)

-56

-59

31

48

95

77

-

-

-

-

-

-

-

Earnings Before Income Taxes

169

134

-3,120

-152

-78

-612

-

-

-

-

-

-

-

Income taxes

30

-102

-532

-104

-72

-285

-

-

-

-

-

-

-

Consolidated Net Income

139

236

-2,588

-48

-6

-327

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

139

235

-2,590

-50

-8

-329

-

-

-

-

-

-

-

SOUTHERN POWER CO
Wholesale revenues, non-affiliates

-

-

-

-

964

1,116

-

-

-

-

-

-

-

Wholesale revenues, affiliates

-

-

-

-

417

383

-

-

-

-

-

-

-

Other Revenue, Net

-

-

-

-

9

2

-

-

-

-

-

-

-

Other operations and maintenance

359

395

386

354

260

237

-

-

-

-

-

-

-

Depreciation and amortization

479

493

503

352

248

220

-

-

-

-

-

-

-

Taxes other than income taxes

40

46

48

23

22

22

-

-

-

-

-

-

-

(Gain) loss on dispositions, net

-23

-2

0

0

-

-

-

-

-

-

-

-

-

Fuel

-

-

-

-

441

596

-

-

-

-

-

-

-

Purchased power

-

-

-

-

21

-

-

-

-

-

-

-

-

Total operating expenses

1,543

1,963

1,707

1,287

1,064

1,246

-

-

-

-

-

-

-

Operating Income

395

242

368

290

326

255

-

-

-

-

-

-

-

Interest expense, net of amounts capitalized

169

183

191

117

77

89

-

-

-

-

-

-

-

Other income (expense), net

47

23

1

6

1

6

-

-

-

-

-

-

-

Total other income and (expense)

-122

-160

-190

-111

-76

-83

-

-

-

-

-

-

-

Earnings Before Income Taxes

273

82

178

179

250

172

-

-

-

-

-

-

-

Income taxes

-56

-164

-939

-195

21

-3

-

-

-

-

-

-

-

Consolidated Net Income

329

246

1,117

374

229

175

-

-

-

-

-

-

-

Net loss attributable to noncontrolling interests

-10

59

46

36

14

3

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

339

187

1,071

338

-

-

-

-

-

-

-

-

-

Net income attributable to the Company

-

-

-

-

215

172

-

-

-

-

-

-

-

Retail [Member]
Revenues

14,084

15,222

15,330

15,234

-

-

-

-

-

-

-

-

-

Wholesale, Non-Affiliates [Member]
Revenues

2,152

2,516

2,426

1,926

-

-

-

-

-

-

-

-

-

Other Electric Revenue [Member]
Revenues

636

664

681

698

-

-

-

-

-

-

-

-

-

Natural gas
Revenues

3,792

3,854

3,791

1,596

-

-

-

-

-

-

-

-

-

Cost of Goods and Services Sold

1,319

1,539

1,601

613

-

-

-

-

-

-

-

-

-

Other
Revenues

755

1,239

803

442

-

-

-

-

-

-

-

-

-

Cost of Goods and Services Sold

435

806

513

260

-

-

-

-

-

-

-

-

-

Fuel
Cost of Goods and Services Sold

3,622

4,637

4,400

4,361

-

-

-

-

-

-

-

-

-

Purchased power
Cost of Goods and Services Sold

816

971

863

750

-

-

-

-

-

-

-

-

-

SOUTHERN Co GAS
Other operations and maintenance

888

981

945

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

487

500

501

238

-

-

-

-

-

-

-

-

-

Taxes other than income taxes

213

211

184

-

-

-

-

-

-

-

-

-

-

Total operating expenses

3,022

2,994

3,260

-

-

-

-

-

-

-

-

-

-

Operating Income

770

915

660

-

-

-

-

-

-

-

-

-

-

Earnings from equity method investments

157

148

106

60

-

-

-

-

-

-

-

-

-

Interest expense, net of amounts capitalized

232

228

200

81

-

-

-

-

-

-

-

-

-

Other income (expense), net

20

1

44

-

-

-

-

-

-

-

-

-

-

Total other income and (expense)

-55

-79

-50

-

-

-

-

-

-

-

-

-

-

Earnings Before Income Taxes

715

836

610

-

-

-

-

-

-

-

-

-

-

Income taxes

130

464

367

76

-

-

-

-

-

-

-

-

-

Consolidated Net Income

585

372

243

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

585

372

243

114

-

-

-

-

-

-

-

-

-

Southern Power [Member]
Purchased power, affiliates

-

-

-

-

-

66

-

-

-

-

-

-

-

Gulf Power [Member]
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity

-

-

-

-

-

12

-

-

-

-

-

-

-

Alabama Power [Member]
Interest income

-

-

-

-

-

15

-

-

-

-

-

-

-