Summary
Southern Company (SO) filed an 8-K on October 31, 2016, to report its financial results for the three- and nine-month periods ended September 30, 2016. The filing primarily directs investors to a series of exhibits containing detailed financial information, including press releases and analyses. A key aspect highlighted is the company's use of non-GAAP financial measures to provide a clearer view of ongoing business performance. These adjustments exclude significant items such as charges related to the Kemper IGCC facility, costs associated with acquisitions of Southern Company Gas and PowerSecure International, and financing costs for these transactions. Investors should review these non-GAAP figures alongside GAAP-reported results for a comprehensive understanding.
Key Highlights
- 1Southern Company has reported its financial results for the periods ending September 30, 2016.
- 2The company is utilizing non-GAAP financial measures to present earnings and EPS, excluding specific charges and costs.
- 3Significant exclusions from GAAP measures include losses related to the Kemper IGCC facility and acquisition/integration costs for Southern Company Gas and other acquisitions.
- 4The filing provides detailed financial information through various exhibits, including press releases, financial highlights, and segment information.
- 5Exhibits also detail kilowatt-hour sales and significant factors impacting Earnings Per Share (EPS).
- 6The company believes these non-GAAP measures offer additional insights into ongoing business operations for investors.
- 7Information is being furnished on behalf of Southern Company's various operating subsidiaries, including Alabama Power Company and Georgia Power Company.