The Southern Company and subsidiaries consolidated condensed income data.ATLANTA--(BUSINESS WIRE)--July 27, 1994-- The Southern Company and subsidiaries consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: condensed con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. income data. -0-
The Southern Company and Subsidiaries
Consolidated Condensed Income Data
Two Months Ended February Percent
1995 1994 Change
(Note 1)
Operating revenues (in millions) $1,296 $1,309 (1.0) Income before interest charges (in millions) $ 283 $ 230 23.2 Consolidated net income (in millions) $ 160 $ 104 53.8 Average no. of shares of common stock outstanding (in millions) 659 646 2.1 Earnings per share of common stock $ 0.24 $ 0.16 50.0
Kilowatt hour sales: (millions of KWH)
Total sales 21,930 22,743 (3.6)
Total retail sales 19,310 19,099 1.1
Residential 6,101 6,217 (1.9)
Commercial 5,175 5,133 0.8
Industrial 7,894 7,610 3.7
Twelve months ended February Percent
1995 1994 Change
(Note 1) (Note 1)
Operating revenues (in millions) $8,284 $ 8,597 (3.6) Income before interest charges (in millions) $1,789 $ 1,789 0.0 Consolidated net income (in millions) $1,045 $ 978 6.9 Average no. of shares of common stock outstanding (in millions) 652 639 2.0 Earnings per share of common stock $1.60 $1.53 4.6
Kilowatt hour sales: (millions of KWH)
Total sales 139,179 145,814 (4.6)
Total retail sales 121,283 120,481 0.7
Residential 35,720 37,621 (5.1)
Commercial 34,121 33,247 2.6
Industrial 50,595 48,793 3.7
Notes: (1) Includes after-tax charges of $10 million for the 12 months ended period of February 1995 and $51 million for the two months and 12 months ended periods February 1994, related to system work force reduction programs. ( ) Denotes decrease. -0- CONTACT: The Southern Company, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Carl West, 212/269-8842 |
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