1. FINANCIAL HIGHLIGHTS
2.29
2.21
2.14
2.12
2.10
2.07
2.03
2.03
1.95
1.92
’03 ’04 ’05 ’06 ’07 ’03 ’04 ’05 ’06 ’07
EARNINGS PER SHARE EARNINGS PER SHARE
EXCLUDING SYNTHETIC FUELS*
(IN DOLLARS)
(IN DOLLARS)
* Not a financial measure under generally
accepted accounting principles.
15.35
16.05
15.38
15.17
14.36
14.60
14.26
13.55
11.73
11.02
’03 ’04 ’05 ’06 ’07 ’03 ’04 ’05 ’06 ’07
OPERATING REVENUES RETURN ON AVERAGE
COMMON EQUITY
(IN BILLIONS OF DOLLARS)
(PERCENT)
2007 2006 CHANG E
Operating revenues (in millions) ..................................................................... $15,353 $14,356 6.9)%
$1,734
Earnings (in millions) ....................................................................................... $1,573 10.2)%
$2.29
Basic earnings per share ........................................................................... $2.12 8.0)%
$2.28
Diluted earnings per share ......................................................................... $2.10 8.6)%
Dividends per share (amount paid) .................................................................. $1.591/2 $1.531/2 3.9)%
4.1
Dividend yield (percent) ................................................................................. 4.2 (2.4)%
756
Average shares outstanding (in millions) ........................................................ 743 1.7)%
14.60
Return on average common equity (percent) ................................................ 14.26 2.4)%
$16.23
Book value per share .................................................................................. $15.24 6.5)%
$38.75
Market price (year-end, closing) ........................................................................ $36.86 5.1)%
Total market value of common stock (year-end, in millions) .............................. $29,570 $27,508 7.5)%
Total assets (in millions) .................................................................................. $45,789 $42,858 6.8)%
Total kilowatt-hour sales (in millions) .............................................................. 204,360 199,794 2.3)%
Retail .................................................................................................... 163,615 161,334 1.4)%
40,745
Sales for resale .................................................................................... 38,460 5.9)%
4,377
Total number of customers–electric (year-end, in thousands)............................. 4,322 1.3)%
Southern Company 2007 Annual Report 2