8-KEarnings & Results

SOUTHERN CO 8-K Report, Financial Results (Jan 30, 2008)

Filed January 30, 2008For Securities:SOSOJESOJFSOJCSOJDSOMN

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Southern Company's earnings and financial results for the fourth quarter and the full fiscal year ended December 31, 2007. It includes press releases and financial highlights related to these results.

Southern Company is reporting earnings and EPS that exclude its synthetic fuel investments because these investments generated tax credits that expired after December 31, 2007. Management uses this non-GAAP measure to assess the performance of the company's core, ongoing operations and believes it provides useful information for investors to compare performance over periods, separate from the impact of these expired tax credits.

This specific 8-K filing, dated January 30, 2008, focuses on reporting historical financial results for the period ended December 31, 2007. It does not explicitly contain forward-looking financial guidance or outlook for future periods. Such information would typically be found in other SEC filings or company communications.

This combined Form 8-K is furnished separately by The Southern Company and its principal operating subsidiaries: Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company, and Southern Power Company.