Summary
Southern Company (SO) filed an 8-K on January 30, 2008, primarily to report its earnings for the quarter and full year ended December 31, 2007. The filing includes press releases and financial highlights, with a notable focus on providing adjusted earnings per share (EPS) that exclude the impact of synthetic fuel investments. This non-GAAP measure is presented to offer investors a clearer view of the company's ongoing business performance, as the synthetic fuel tax credits associated with these investments ceased after December 31, 2007. The report also confirms that the addresses for Southern Company and its principal subsidiaries have not changed. The filing is a combined report furnished by Southern Company and its operating subsidiaries, including Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company, and Southern Power Company, with each entity providing information solely for itself. Investors should note that this information is provided to supplement, not replace, GAAP-based financial reporting.
Key Highlights
- 1Southern Company reported its financial results for the quarter and year ended December 31, 2007.
- 2The 8-K filing includes earnings and EPS information, both on a GAAP basis and excluding synthetic fuel investments.
- 3Synthetic fuel investments generated tax credits that were no longer available after December 31, 2007.
- 4The company is providing adjusted EPS (excluding synthetic fuel impacts) to show ongoing business performance and aid comparability.
- 5This non-GAAP measure is not a substitute for GAAP financial results.
- 6The filing is a combined report for Southern Company and its key utility subsidiaries.
- 7No changes in company addresses were reported since the last filing.