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22.02.2017 12:50
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Southern Company reports fourth-quarter and full-year 2016 earnings
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PR Newswire
ATLANTA, Feb. 22, 2017
ATLANTA, Feb. 22, 2017 /PRNewswire/ -- Southern Company today reported fourth-quarter 2016 earnings of $197 million, or 20 cents per share, compared with earnings of $271 million, or 30 cents per share, in the fourth quarter of 2015. Southern Company also reported full year 2016 earnings of $2.45 billion, or $2.57 per share, compared with earnings of $2.37 billion, or $2.60 per share, for the same period in 2015.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $235 million, or 24 cents per share, during the fourth quarter of 2016, compared with $403 million, or 44 cents per share, during the fourth quarter of 2015. For the full-year 2016, excluding these items, Southern Company earned $2.7 billion, or $2.89 per share, compared with earnings of $2.6 billion, or $2.89 per share, for the same period in 2015.
| Non-GAAP Financial Measures | Three Months Ended December | | Year-to-Date December | ||
| Net Income - Excluding Items (in millions) | 2016 | 2015 | | 2016 | 2015 |
| Net Income - As Reported | $197 | $271 | | $2,448 | $2,367 |
| Estimated Loss on Kemper IGCC | 206 | 183 | | 428 | 365 |
| Tax Impact | (79) | (70) | | (164) | (139) |
| Acquisition and Integration Costs | 12 | 25 | | 120 | 41 |
| Tax Impact | (4) | (6) | | (38) | (10) |
| Additional MCAR Settlement Costs | - | - | | - | 7 |
| Tax Impact | - | - | | - | (3) |
| Subtotal | $332 | $403 | | $2,794 | $2,628 |
| Earnings Guidance Comparability Items: | | | | | |
| Equity Return Related to Kemper IGCC Schedule Extension | (22) | - | | (29) | - |
| Tax Impact | (4) | - | | (5) | - |
| Southern Company Gas Earnings, | (185) | - | | (231) | - |
| net of Acquisition and Integration Costs | | ||||
| Tax Impact | 72 | - | | 90 | - |
| Acquisition Debt Financing Costs | 68 | - | | 175 | - |
| Tax Impact | (26) | - | | (67) | - |
| Net Income – Excluding Items | $235 | $403 | | $2,727 | $2,628 |
| Adjusted Average Shares Outstanding – | 964 | 911 | | 942 | 910 |
| Basic Earnings Per Share – Excluding Items | $0.24 | $0.44 | | $2.89 Werbung Mehr Nachrichten zur Southern Company Aktie kostenlos abonnieren
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