EX-99 4 a21902fs.txt Exhibit 2- page 1 of 2 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET ASSETS September 30, 2002 (Unaudited) CURRENT ASSETS Cash and cash equivalents: Cash $205,184 Temporary cash investments - at cost, which approximates market 743,344 Special deposits 318 ----------- Total cash and cash equivalents 948,846 ----------- Other temporary investments - Notes receivable 2,077 Accounts receivable: Customer 439,856 Allowance for doubtful accounts (22,036) Other 286,052 Accrued unbilled revenues 365,157 ----------- Total receivables 1,069,029 ----------- Deferred fuel costs 131,708 Accumulated deferred income taxes 22,936 Fuel inventory - at average cost 97,690 Materials and supplies - at average cost 514,688 Deferred nuclear refueling outage costs 68,732 Prepayments and other 94,724 ----------- TOTAL 2,950,430 ----------- OTHER PROPERTY AND INVESTMENTS Investment in affiliates - at equity 756,682 Decommissioning trust funds 2,032,368 Non-utility property - at cost (less accumulated depreciation) 293,773 Other 295,765 ----------- TOTAL 3,378,588 ----------- PROPERTY, PLANT AND EQUIPMENT Electric 26,951,520 Property under capital lease 745,063 Natural gas 209,808 Construction work in progress 1,275,323 Nuclear fuel under capital lease 291,720 Nuclear fuel 258,224 ----------- TOTAL PROPERTY, PLANT AND EQUIPMENT 29,731,658 Less - accumulated depreciation and amortization 12,275,323 ----------- PROPERTY, PLANT AND EQUIPMENT - NET 17,456,335 ----------- DEFERRED DEBITS AND OTHER ASSETS Regulatory assets: SFAS 109 regulatory asset - net 920,352 Unamortized loss on reacquired debt 157,578 Other regulatory assets 526,709 Long-term receivables 25,588 Goodwill 377,172 Other 984,241 ----------- TOTAL 2,991,640 ----------- TOTAL ASSETS $26,776,993 =========== ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET LIABILITIES AND SHAREHOLDERS' EQUITY September 30, 2002 (Unaudited) CURRENT LIABILITIES Currently maturing long-term debt $966,744 Notes payable 15,351 Accounts payable 662,261 Customer deposits 196,583 Taxes accrued 797,321 Nuclear refueling outage costs 11,199 Interest accrued 197,690 Obligations under capital leases 150,731 Other 183,974 ----------- TOTAL 3,181,854 ----------- DEFERRED CREDITS AND OTHER LIABILITIES Accumulated deferred income taxes 3,410,943 Accumulated deferred investment tax credits 453,712 Taxes accrued 650,000 Obligations under capital leases 196,572 Other regulatory liabilities 172,203 Decommissioning 1,544,090 Transition to competition 79,098 Regulatory reserves 48,357 Accumulated provisions 418,959 Other 988,403 ----------- TOTAL 7,962,337 ----------- Long-term debt 7,239,139 Preferred stock with sinking fund 24,327 Preferred stock without sinking fund 334,337 Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated deferrable debentures 215,000 SHAREHOLDERS' EQUITY Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2002 2,482 Paid-in capital 4,666,953 Retained earnings 3,941,240 Accumulated other comprehensive loss (45,156) Less - treasury stock, at cost (25,910,490 shares in 2002) 745,520 ----------- TOTAL 7,819,999 ----------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $26,776,993 =========== Exhibit 2 - page 2 of 2 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME For the Nine Months Ended September 30, 2002 (Unaudited) OPERATING REVENUES Domestic electric $5,125,722 Natural gas 90,313 Competitive businesses 1,210,254 ---------- TOTAL 6,426,289 ---------- OPERATING EXPENSES Operation and Maintenance: Fuel, fuel-related expenses, and gas purchased for resale 1,612,490 Purchased power 625,476 Nuclear refueling outage expenses 74,057 Provision for turbine commitments, asset impairments and restructuring charges 391,557 Other operation and maintenance 1,816,131 Decommissioning 24,589 Taxes other than income taxes 291,753 Depreciation and amortization 625,407 Other regulatory charges (credits) - net (149,340) ---------- TOTAL 5,312,120 ---------- OPERATING INCOME 1,114,169 ---------- OTHER INCOME Allowance for equity funds used during construction 23,730 Gain on sale of assets - net 2,379 Interest and dividend income 71,924 Equity in earnings of unconsolidated equity affiliates 142,964 Miscellaneous - net (3,346) ---------- TOTAL 237,651 ---------- INTEREST AND OTHER CHARGES Interest on long-term debt 376,825 Other interest - net 86,630 Distributions on preferred securities of subsidiary 14,128 Allowance for borrowed funds used during construction (18,478) ---------- TOTAL 459,105 ---------- INCOME BEFORE INCOME TAXES 892,715 Income taxes 351,314 ---------- CONSOLIDATED NET INCOME 541,401 Preferred dividend requirements and other 17,796 ---------- EARNINGS APPLICABLE TO COMMON STOCK $523,605 ==========