Equity

6 Months Ended

Jun. 30, 2011

NOTE 3. EQUITY (Entergy Corporation, Entergy Gulf States Louisiana, and Entergy Louisiana)

Common Stock

Earnings per Share

The following tables present Entergy’s basic and diluted earnings per share calculations included on the consolidated income statement:


	For the Three Months Ended June 30,
	2011							2010
	(In Millions, Except Per Share Data)
	Income		Shares		$/share			Income		Shares		$/share
Basic earnings per share

Net income attributable to Entergy Corporation	$	315.6		177.8	$	1.77		$	315.3		188.8	$	1.67
Average dilutive effect of:
Stock options		—		1.0		(0.01	)		—		1.9		(0.02	)
Restricted stock		—		0.1		—			—		—		—


Diluted earnings per share	$	315.6		178.9	$	1.76		$	315.3		190.7	$	1.65


	For the Six Months Ended June,
	2011							2010
	(In Millions, Except Per Share Data)
	Income		Shares		$/share			Income		Shares		$/share
Basic earnings per share

Net income attributable to Entergy Corporation	$	564.2		178.3	$	3.16		$	529.1		189.0	$	2.80
Average dilutive effect of:
Stock options		—		1.0		(0.02	)		—		2.0		(0.03	)
Restricted stock		—		0.2		—			—		—		—


Diluted earnings per share	$	564.2		179.5	$	3.14		$	529.1		191.0	$	2.77

Entergy’s stock options and other equity compensation plans are discussed in Note 5 herein, and in Note 12 to the financial statements in the Form 10-K.

Treasury Stock

During the six months ended June 30, 2011, Entergy Corporation issued 424,598 shares of its previously repurchased common stock to satisfy stock option exercises and other stock-based awards. Also during the six months ended June 30, 2011, Entergy Corporation repurchased 2,337,000 shares of its common stock for a total purchase price of $159.6 million.

Retained Earnings

On July 29, 2011 Entergy Corporation’s Board of Directors declared a common stock dividend of $0.83 per share, payable on September 1, 2011 to holders of record as of August 11, 2011.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. Accumulated other comprehensive loss in the balance sheets included the following components:


							Entergy						Entergy
	Entergy						Gulf States Louisiana						Louisiana
	June 30,			December 31,			June 30,			December 31,			June 30,			December 31,
	2011			2010			2011			2010			2011			2010
	(In Thousands)
Cash flow hedges net unrealized gain	$	34,534		$	106,258		$	—		$	—		$	—		$	—
Pension and other postretirement liabilities		(269,868	)		(276,466	)		(39,075	)		(40,304	)		(23,861	)		(24,962	)
Net unrealized investment gains		157,556			129,685			—			—			—			—
Foreign currency translation		2,622			2,311			—			—			—			—

Total	$	(75,156	)	$	(38,212	)	$	(39,075	)	$	(40,304	)	$	(23,861	)	$	(24,962	)

Other comprehensive income and total comprehensive income for the six months ended June 30, 2011 and 2010 are presented in Entergy’s, Entergy Gulf States Louisiana’s, and Entergy Louisiana’s Statements of Changes in Equity and Comprehensive Income. Other comprehensive income and total comprehensive income, for the three months ended June 30, 2011 and 2010, are (all of the components of other comprehensive income are attributable to common equity):


	Entergy
Three Months Ended June 30,	2011			2010
	(In Thousands)
Consolidated net income	$	320,598		$	320,283
Other comprehensive income
Cash flow hedges net unrealized loss (a)		(13,516	)		(83,467	)
Pension and other postretirement liabilities (b)		2,339			3,205
Net unrealized investment gain (loss) (c)		3,186			(36,043	)
Foreign currency translation (d)		11			(152	)

Total	$	312,618		$	203,826


(a)		Net of tax benefit of $7,208 and $50,672, respectively.

(b)		Net of tax expense of $1,964 and $1,650, respectively.

(c)		Net of tax expense (benefit) of $3,386 and ($33,891), respectively.

(d)		Net of tax expense (benefit) of $6 and ($82), respectively.


	Entergy				Entergy
	Gulf States Louisiana				Louisiana
Three Months Ended June 30,	2011		2010		2011		2010
	(In Thousands)
Net income	$	49,310	$	32,154	$	75,103	$	61,259
Other comprehensive income
Pension and other postretirement liabilities (e)		486		519		367		445

Total	$	49,796	$	32,673	$	75,470	$	61,704


(e)		Net of tax expense of $508, $505, $365, and $377, respectively.

- Definition

Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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