8-KEarnings & Results

SOUTHERN CO 8-K Report, Financial Results (Oct 25, 2005)

Filed October 25, 2005For Securities:SOSOJESOJFSOJCSOJDSOMN

Summary

Southern Company (SO) filed an 8-K on October 25, 2005, to report its financial results for the third quarter and the first nine months ended September 30, 2005. The filing primarily consists of a press release and supplementary financial information concerning the company's earnings and operational performance. Investors can find detailed insights into the company's performance through various attached exhibits that offer segment-level data and analysis of factors impacting earnings per share (EPS). The report emphasizes the use of non-GAAP financial measures, specifically adjusted kilowatt-hour (kWh) sales, to provide investors with a more consistent basis for comparing performance between 2004 and 2005. This adjustment was made to account for a reclassification of certain Georgia Power industrial customers to commercial customers in 2005, aligning reporting with a new rate structure. Southern Company believes this adjusted view enhances comparability and aids investors in understanding underlying sales trends.

Key Highlights

  • 1Southern Company filed an 8-K on October 25, 2005, reporting Q3 and YTD 2005 financial results.
  • 2The filing includes a press release and several exhibits detailing financial performance and operational data.
  • 3The report discloses business segment information for its various subsidiaries: Alabama Power, Georgia Power, Gulf Power, Mississippi Power, Savannah Electric and Power, and Southern Power.
  • 4Southern Company is utilizing non-GAAP financial measures, specifically 'adjusted kilowatt-hour sales', for enhanced comparability between 2004 and 2005.
  • 5The adjustment in kWh sales accounts for customer reclassification at Georgia Power to align with a new rate structure.
  • 6Exhibits provide analysis of consolidated earnings, significant factors impacting EPS, and financial overviews for the reporting periods.

Frequently Asked Questions

This 8-K filing serves to report Southern Company's earnings results for the third quarter and the first nine months of 2005, along with related financial and operational information.

Southern Company is using adjusted kilowatt-hour sales to provide investors with a more consistent and comparable view of sales performance between 2004 and 2005. This adjustment accounts for a reclassification of some Georgia Power industrial customers to commercial customers in 2005, which was done to align with a new rate structure approved by the Georgia Public Service Commission.

The exhibits include a press release, financial highlights, details on significant factors impacting Earnings Per Share (EPS), analysis of consolidated earnings, kilowatt-hour sales data (both GAAP and adjusted), and a general financial overview. Business segment information for each of Southern Company's subsidiaries is also provided.

This specific 8-K filing focuses on reporting historical results and operational data for the periods ended September 30, 2005. While it mentions factors impacting EPS, it does not explicitly contain forward-looking guidance or projections within the provided text of the 8-K itself.