Summary
Southern Company (SO) reported its second-quarter 2008 financial results, reflecting the operational performance of its regulated utilities and competitive energy businesses. The company's management discussed the financial condition and results of operations, highlighting key financial statements and notes. Investors should pay close attention to the performance of Alabama Power, Georgia Power, Gulf Power, and Mississippi Power, as well as Southern Power's competitive energy generation segment. The report also includes disclosures on market risk and risk factors that could impact future performance.
Financial Highlights
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Financial Statements
Beta
| Revenue | $4.22B |
| Operating Expenses | $3.29B |
| Operating Income | $924.07M |
| Net Income | $432.58M |
| EPS (Basic) | $0.54 |
| EPS (Diluted) | $0.54 |
| Shares Outstanding (Basic) | 769.12M |
| Shares Outstanding (Diluted) | 773.14M |
Key Highlights
- 1The 10-Q filing provides unaudited financial statements for the period ending June 29, 2008.
- 2Management's Discussion and Analysis (MD&A) offers insights into the financial condition and operational results of Southern Company and its major subsidiaries.
- 3Key financial statements presented include Condensed Consolidated Statements of Income, Cash Flows, Balance Sheets, and Comprehensive Income for the consolidated entity.
- 4Detailed financial information is also provided for each of the company's primary regulated utility subsidiaries: Alabama Power, Georgia Power, Gulf Power, and Mississippi Power.
- 5Southern Power Company's competitive energy business is also covered with its own set of condensed financial statements.
- 6The filing includes quantitative and qualitative disclosures about market risk exposures.
- 7Risk factors that could affect Southern Company's future financial performance are outlined in Part II of the report.