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Southern
Company is an international energy company that serves millions
of customers in 10 countries on four continents every day. Our
goal is to be the best investment in our industry.
FINANCIAL
HIGHLIGHTS
|
| |
|
1998 |
|
|
1997 |
|
change |
Operating
revenues
(in
millions) |
$ |
11,403 |
|
$ |
12,611 |
|
(9.6) |
% |
Consolidated
net income
(in
millions) |
$ |
977 |
|
$ |
972 |
|
0.5
|
% |
| Earnings
per share |
$ |
1.40 |
|
$ |
1.42 |
|
(1.4) |
% |
| Dividends
per share |
$ |
1.34 |
|
$ |
1.30 |
|
3.1
|
% |
Dividend
yield
(year-end,
percent) |
|
4.6 |
|
|
5.0 |
|
(8.0) |
% |
Average
shares outstanding
(in
millions) |
|
697 |
|
|
685 |
|
1.7
|
% |
Return
on average
common equity
(percent) |
|
10.04 |
|
|
10.30 |
|
(2.5) |
% |
| Book
value per share |
$ |
14.04 |
|
$ |
13.91 |
|
0.9
|
% |
Market
price
(year-end,
closing) |
|
29
|
1/16 |
|
25
|
7/8 |
12.3
|
% |
Total
market value of
common stock
(year-end,
in millions) |
$ |
20,280 |
|
$ |
17,942 |
|
13.0
|
% |
| Total
assets (in millions) |
$ |
36,192 |
|
$ |
35,255 |
|
2.7
|
% |
Total
kilowatt-hour sales
(traditional
business, in
millions)
|
|
164,335 |
|
|
156,887 |
|
4.7
|
% |
| Retail
|
|
141,500 |
|
|
133,242 |
|
6.2
|
% |
| Sales
for resale |
|
22,835 |
|
|
23,645 |
|
(3.4) |
% |
Total
number of customers
(traditional
business, year-end,
in thousands)
|
|
3,794 |
|
|
3,720 |
|
2.0
|
% |
|
|
|
|
|
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The entire
Financial Review is available for download
as an Adobe Acrobat file (274Kb).
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