Equity

6 Months Ended

Jun. 30, 2013

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

Common Stock

Earnings per Share

The following table presents Entergy's basic and diluted earnings per share calculations included on the consolidated income statements:

For the Three Months Ended June 30,

2013

2012

(In Millions, Except Per Share Data)

Basic earnings per share

Income

Shares

$/share

Income

Shares

$/share

Net income attributable to
Entergy Corporation

$163.7

178.2

$0.92

$365.0

177.2

$2.06

Average dilutive effect of:

Stock options

0.1

0.4

Other equity plans

0.3

Diluted earnings per share

$163.7

178.6

$0.92

$365.0

177.6

$2.06

For the Six Months Ended June 30,

2013

2012

(In Millions, Except Per Share Data)

Basic earnings per share

Income

Shares

$/share

Income

Shares

$/share

Net income attributable to
Entergy Corporation

$325.1

178.1

$1.83

$213.3

177.0

$1.21

Average dilutive effect of:

Stock options

0.1

0.4

(0.01)

Other equity plans

0.3

(0.01)

0.1

Diluted earnings per share

$325.1

178.5

$1.82

$213.3

177.5

$1.20

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 8.9 million for the three and six months ended June 30, 2013, and 8.5 million and 8.4 million for the three and six months ended June 30, 2012, respectively.

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, 2013, Entergy Corporation issued 431,833 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards. Entergy Corporation did not repurchase any of its common stock during the six months ended June 30, 2013.

Retained Earnings

On July 26, 2013, Entergy Corporation's Board of Directors declared a common stock dividend of $0.83 per share, payable on September 3, 2013 to holders of record as of August 8, 2013.

Comprehensive Income

Accumulated other comprehensive loss is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. The following table presents changes in accumulated other comprehensive loss for Entergy for the three months ended June 30, 2013 by component:

	Cash flow hedges net unrealized gain	Pension and other postretirement liabilities	Net unrealized investment gains	Foreign currency translation	Total Accumulated Other Comprehensive Loss
	(In Thousands)

Beginning balance, March 31, 2013	$3,930	($580,917)	$270,924	$2,405	($303,658)

Other comprehensive income (loss) before reclassifications	30,023	-	(7,176)	19	22,866
Amounts reclassified from accumulated other comprehensive income (loss)	(2,433)	9,779	(857)	-	6,489
Net other comprehensive income (loss) for the period	27,590	9,779	(8,033)	19	29,355

Ending balance, June 30, 2013	$31,520	($571,138)	$262,891	$2,424	($274,303)

The following table presents changes in accumulated other comprehensive loss for Entergy for the six months ended June 30, 2013 by component:

	Cash flow hedges net unrealized gain	Pension and other postretirement liabilities	Net unrealized investment gains	Foreign currency translation	Total Accumulated Other Comprehensive Loss
	(In Thousands)

Beginning balance, December 31, 2012	$79,905	($590,712)	$214,547	$3,177	($293,083)

Other comprehensive income (loss) before reclassifications	(47,538)	-	50,196	(753)	1,905
Amounts reclassified from accumulated other comprehensive income (loss)	(847)	19,574	(1,852)	-	16,875
Net other comprehensive income (loss) for the period	(48,385)	19,574	48,344	(753)	18,780

Ending balance, June 30, 2013	$31,520	($571,138)	$262,891	$2,424	($274,303)

The following table presents changes in accumulated other comprehensive loss for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended June 30, 2013:


	Pension and Other Postretirement Liabilities
	Entergy Gulf States Louisiana	Entergy Louisiana
	(In Thousands)

Beginning balance, March 31, 2013	($64,274)	($45,454)

Amounts reclassified from accumulated other comprehensive income	962	683
Net other comprehensive income for the period	962	683

Ending balance, June 30, 2013	($63,312)	($44,771)

The following table presents changes in accumulated other comprehensive loss for Entergy Gulf States Louisiana and Entergy Louisiana for the six months ended June 30, 2013:


	Pension and Other Postretirement Liabilities
	Entergy Gulf States Louisiana	Entergy Louisiana
	(In Thousands)

Beginning balance, December 31, 2012	($65,229)	($46,132)

Amounts reclassified from accumulated other comprehensive income	1,917	1,361
Net other comprehensive income for the period	1,917	1,361

Ending balance, June 30, 2013	($63,312)	($44,771)

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy for the three months ended June 30, 2013 are as follows:

	Amounts reclassified from AOCI	Income Statement Location
	(In Thousands)

Cash flow hedges net unrealized gain
Power contracts	$4,309	Competitive business operating revenues
Interest rate swaps	(399)	Miscellaneous - net
Total realized gains on cash flow hedges	3,910
	(1,477)	Income taxes
Total realized gains on cash flow hedges (net of tax)	$2,433

Pension and other postretirement liabilities
Amortization of prior-service costs	$2,383	(a)
Amortization of loss	(18,047)	(a)
Total amortization	(15,664)
	5,885	Income taxes
Total amortization (net of tax)	($9,779)

Net unrealized investment gains
Realized gains	$1,681	Interest and investment income
	(824)	Income taxes
Total realized investment gains (net of tax)	$857

Total reclassifications for the period (net of tax)	($6,489)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy for the six months ended June 30, 2013 are as follows:

	Amounts reclassified from AOCI	Income Statement Location
	(In Thousands)

Cash flow hedges net unrealized gain
Power contracts	$2,192	Competitive business operating revenues
Interest rate swaps	(804)	Miscellaneous - net
Total realized gains on cash flow hedges	1,388
	(541)	Income taxes
Total realized gains on cash flow hedges (net of tax)	$847

Pension and other postretirement liabilities
Amortization of prior-service costs	4,767	(a)
Amortization of loss	(36,095)	(a)
Total amortization	(31,328)
	11,754	Income taxes
Total amortization (net of tax)	($19,574)

Net unrealized investment gains
Realized gains	$3,631	Interest and investment income
	(1,779)	Income taxes
Total realized investment gains (net of tax)	$1,852

Total reclassifications for the period (net of tax)	($16,875)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended June 30, 2013 are as follows:


	Amounts reclassified from AOCI
	Entergy Gulf States Louisiana	Entergy Louisiana	Income Statement Location
	(In Thousands)

Pension and other postretirement liabilities
Amortization of prior-service costs	$205	$62	(a)
Amortization of loss	(1,945)	(1,287)	(a)
Total amortization	(1,740)	(1,225)
	778	542	Income taxes
Total amortization (net of tax)	(962)	(683)

Total reclassifications for the period (net of tax)	($962)	($683)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the six months ended June 30, 2013 are as follows:


	Amounts reclassified from AOCI
	Entergy Gulf States Louisiana	Entergy Louisiana	Income Statement Location
	(In Thousands)

Pension and other postretirement liabilities
Amortization of prior-service costs	$411	$124	(a)
Amortization of loss	(3,892)	(2,574)	(a)
Total amortization	(3,481)	(2,450)
	1,564	1,089	Income taxes
Total amortization (net of tax)	(1,917)	(1,361)

Total reclassifications for the period (net of tax)	($1,917)	($1,361)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Entergy Gulf States Louisiana [Member]

Equity

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

Common Stock

Earnings per Share

The following table presents Entergy's basic and diluted earnings per share calculations included on the consolidated income statements:

For the Three Months Ended June 30,

2013

2012

(In Millions, Except Per Share Data)

Basic earnings per share

Income

Shares

$/share

Income

Shares

$/share

Net income attributable to
Entergy Corporation

$163.7

178.2

$0.92

$365.0

177.2

$2.06

Average dilutive effect of:

Stock options

0.1

0.4

Other equity plans

0.3

Diluted earnings per share

$163.7

178.6

$0.92

$365.0

177.6

$2.06

For the Six Months Ended June 30,

2013

2012

(In Millions, Except Per Share Data)

Basic earnings per share

Income

Shares

$/share

Income

Shares

$/share

Net income attributable to
Entergy Corporation

$325.1

178.1

$1.83

$213.3

177.0

$1.21

Average dilutive effect of:

Stock options

0.1

0.4

(0.01)

Other equity plans

0.3

(0.01)

0.1

Diluted earnings per share

$325.1

178.5

$1.82

$213.3

177.5

$1.20

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

Retained Earnings

On July 26, 2013, Entergy Corporation's Board of Directors declared a common stock dividend of $0.83 per share, payable on September 3, 2013 to holders of record as of August 8, 2013.

Comprehensive Income

	Cash flow hedges net unrealized gain	Pension and other postretirement liabilities	Net unrealized investment gains	Foreign currency translation	Total Accumulated Other Comprehensive Loss
	(In Thousands)

Beginning balance, March 31, 2013	$3,930	($580,917)	$270,924	$2,405	($303,658)

Other comprehensive income (loss) before reclassifications	30,023	-	(7,176)	19	22,866
Amounts reclassified from accumulated other comprehensive income (loss)	(2,433)	9,779	(857)	-	6,489
Net other comprehensive income (loss) for the period	27,590	9,779	(8,033)	19	29,355

Ending balance, June 30, 2013	$31,520	($571,138)	$262,891	$2,424	($274,303)

The following table presents changes in accumulated other comprehensive loss for Entergy for the six months ended June 30, 2013 by component:

	Cash flow hedges net unrealized gain	Pension and other postretirement liabilities	Net unrealized investment gains	Foreign currency translation	Total Accumulated Other Comprehensive Loss
	(In Thousands)

Beginning balance, December 31, 2012	$79,905	($590,712)	$214,547	$3,177	($293,083)

Other comprehensive income (loss) before reclassifications	(47,538)	-	50,196	(753)	1,905
Amounts reclassified from accumulated other comprehensive income (loss)	(847)	19,574	(1,852)	-	16,875
Net other comprehensive income (loss) for the period	(48,385)	19,574	48,344	(753)	18,780

Ending balance, June 30, 2013	$31,520	($571,138)	$262,891	$2,424	($274,303)

The following table presents changes in accumulated other comprehensive loss for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended June 30, 2013:


	Pension and Other Postretirement Liabilities
	Entergy Gulf States Louisiana	Entergy Louisiana
	(In Thousands)

Beginning balance, March 31, 2013	($64,274)	($45,454)

Amounts reclassified from accumulated other comprehensive income	962	683
Net other comprehensive income for the period	962	683

Ending balance, June 30, 2013	($63,312)	($44,771)

The following table presents changes in accumulated other comprehensive loss for Entergy Gulf States Louisiana and Entergy Louisiana for the six months ended June 30, 2013:


	Pension and Other Postretirement Liabilities
	Entergy Gulf States Louisiana	Entergy Louisiana
	(In Thousands)

Beginning balance, December 31, 2012	($65,229)	($46,132)

Amounts reclassified from accumulated other comprehensive income	1,917	1,361
Net other comprehensive income for the period	1,917	1,361

Ending balance, June 30, 2013	($63,312)	($44,771)

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy for the three months ended June 30, 2013 are as follows:

	Amounts reclassified from AOCI	Income Statement Location
	(In Thousands)

Cash flow hedges net unrealized gain
Power contracts	$4,309	Competitive business operating revenues
Interest rate swaps	(399)	Miscellaneous - net
Total realized gains on cash flow hedges	3,910
	(1,477)	Income taxes
Total realized gains on cash flow hedges (net of tax)	$2,433

Pension and other postretirement liabilities
Amortization of prior-service costs	$2,383	(a)
Amortization of loss	(18,047)	(a)
Total amortization	(15,664)
	5,885	Income taxes
Total amortization (net of tax)	($9,779)

Net unrealized investment gains
Realized gains	$1,681	Interest and investment income
	(824)	Income taxes
Total realized investment gains (net of tax)	$857

Total reclassifications for the period (net of tax)	($6,489)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy for the six months ended June 30, 2013 are as follows:

	Amounts reclassified from AOCI	Income Statement Location
	(In Thousands)

Cash flow hedges net unrealized gain
Power contracts	$2,192	Competitive business operating revenues
Interest rate swaps	(804)	Miscellaneous - net
Total realized gains on cash flow hedges	1,388
	(541)	Income taxes
Total realized gains on cash flow hedges (net of tax)	$847

Pension and other postretirement liabilities
Amortization of prior-service costs	4,767	(a)
Amortization of loss	(36,095)	(a)
Total amortization	(31,328)
	11,754	Income taxes
Total amortization (net of tax)	($19,574)

Net unrealized investment gains
Realized gains	$3,631	Interest and investment income
	(1,779)	Income taxes
Total realized investment gains (net of tax)	$1,852

Total reclassifications for the period (net of tax)	($16,875)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended June 30, 2013 are as follows:


	Amounts reclassified from AOCI
	Entergy Gulf States Louisiana	Entergy Louisiana	Income Statement Location
	(In Thousands)

Pension and other postretirement liabilities
Amortization of prior-service costs	$205	$62	(a)
Amortization of loss	(1,945)	(1,287)	(a)
Total amortization	(1,740)	(1,225)
	778	542	Income taxes
Total amortization (net of tax)	(962)	(683)

Total reclassifications for the period (net of tax)	($962)	($683)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the six months ended June 30, 2013 are as follows:


	Amounts reclassified from AOCI
	Entergy Gulf States Louisiana	Entergy Louisiana	Income Statement Location
	(In Thousands)

Pension and other postretirement liabilities
Amortization of prior-service costs	$411	$124	(a)
Amortization of loss	(3,892)	(2,574)	(a)
Total amortization	(3,481)	(2,450)
	1,564	1,089	Income taxes
Total amortization (net of tax)	(1,917)	(1,361)

Total reclassifications for the period (net of tax)	($1,917)	($1,361)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Entergy Louisiana [Member]

Equity

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

Common Stock

Earnings per Share

The following table presents Entergy's basic and diluted earnings per share calculations included on the consolidated income statements:

For the Three Months Ended June 30,

2013

2012

(In Millions, Except Per Share Data)

Basic earnings per share

Income

Shares

$/share

Income

Shares

$/share

Net income attributable to
Entergy Corporation

$163.7

178.2

$0.92

$365.0

177.2

$2.06

Average dilutive effect of:

Stock options

0.1

0.4

Other equity plans

0.3

Diluted earnings per share

$163.7

178.6

$0.92

$365.0

177.6

$2.06

For the Six Months Ended June 30,

2013

2012

(In Millions, Except Per Share Data)

Basic earnings per share

Income

Shares

$/share

Income

Shares

$/share

Net income attributable to
Entergy Corporation

$325.1

178.1

$1.83

$213.3

177.0

$1.21

Average dilutive effect of:

Stock options

0.1

0.4

(0.01)

Other equity plans

0.3

(0.01)

0.1

Diluted earnings per share

$325.1

178.5

$1.82

$213.3

177.5

$1.20

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

Retained Earnings

On July 26, 2013, Entergy Corporation's Board of Directors declared a common stock dividend of $0.83 per share, payable on September 3, 2013 to holders of record as of August 8, 2013.

Comprehensive Income

	Cash flow hedges net unrealized gain	Pension and other postretirement liabilities	Net unrealized investment gains	Foreign currency translation	Total Accumulated Other Comprehensive Loss
	(In Thousands)

Beginning balance, March 31, 2013	$3,930	($580,917)	$270,924	$2,405	($303,658)

Other comprehensive income (loss) before reclassifications	30,023	-	(7,176)	19	22,866
Amounts reclassified from accumulated other comprehensive income (loss)	(2,433)	9,779	(857)	-	6,489
Net other comprehensive income (loss) for the period	27,590	9,779	(8,033)	19	29,355

Ending balance, June 30, 2013	$31,520	($571,138)	$262,891	$2,424	($274,303)

The following table presents changes in accumulated other comprehensive loss for Entergy for the six months ended June 30, 2013 by component:

	Cash flow hedges net unrealized gain	Pension and other postretirement liabilities	Net unrealized investment gains	Foreign currency translation	Total Accumulated Other Comprehensive Loss
	(In Thousands)

Beginning balance, December 31, 2012	$79,905	($590,712)	$214,547	$3,177	($293,083)

Other comprehensive income (loss) before reclassifications	(47,538)	-	50,196	(753)	1,905
Amounts reclassified from accumulated other comprehensive income (loss)	(847)	19,574	(1,852)	-	16,875
Net other comprehensive income (loss) for the period	(48,385)	19,574	48,344	(753)	18,780

Ending balance, June 30, 2013	$31,520	($571,138)	$262,891	$2,424	($274,303)

The following table presents changes in accumulated other comprehensive loss for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended June 30, 2013:


	Pension and Other Postretirement Liabilities
	Entergy Gulf States Louisiana	Entergy Louisiana
	(In Thousands)

Beginning balance, March 31, 2013	($64,274)	($45,454)

Amounts reclassified from accumulated other comprehensive income	962	683
Net other comprehensive income for the period	962	683

Ending balance, June 30, 2013	($63,312)	($44,771)

The following table presents changes in accumulated other comprehensive loss for Entergy Gulf States Louisiana and Entergy Louisiana for the six months ended June 30, 2013:


	Pension and Other Postretirement Liabilities
	Entergy Gulf States Louisiana	Entergy Louisiana
	(In Thousands)

Beginning balance, December 31, 2012	($65,229)	($46,132)

Amounts reclassified from accumulated other comprehensive income	1,917	1,361
Net other comprehensive income for the period	1,917	1,361

Ending balance, June 30, 2013	($63,312)	($44,771)

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy for the three months ended June 30, 2013 are as follows:

	Amounts reclassified from AOCI	Income Statement Location
	(In Thousands)

Cash flow hedges net unrealized gain
Power contracts	$4,309	Competitive business operating revenues
Interest rate swaps	(399)	Miscellaneous - net
Total realized gains on cash flow hedges	3,910
	(1,477)	Income taxes
Total realized gains on cash flow hedges (net of tax)	$2,433

Pension and other postretirement liabilities
Amortization of prior-service costs	$2,383	(a)
Amortization of loss	(18,047)	(a)
Total amortization	(15,664)
	5,885	Income taxes
Total amortization (net of tax)	($9,779)

Net unrealized investment gains
Realized gains	$1,681	Interest and investment income
	(824)	Income taxes
Total realized investment gains (net of tax)	$857

Total reclassifications for the period (net of tax)	($6,489)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy for the six months ended June 30, 2013 are as follows:

	Amounts reclassified from AOCI	Income Statement Location
	(In Thousands)

Cash flow hedges net unrealized gain
Power contracts	$2,192	Competitive business operating revenues
Interest rate swaps	(804)	Miscellaneous - net
Total realized gains on cash flow hedges	1,388
	(541)	Income taxes
Total realized gains on cash flow hedges (net of tax)	$847

Pension and other postretirement liabilities
Amortization of prior-service costs	4,767	(a)
Amortization of loss	(36,095)	(a)
Total amortization	(31,328)
	11,754	Income taxes
Total amortization (net of tax)	($19,574)

Net unrealized investment gains
Realized gains	$3,631	Interest and investment income
	(1,779)	Income taxes
Total realized investment gains (net of tax)	$1,852

Total reclassifications for the period (net of tax)	($16,875)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended June 30, 2013 are as follows:


	Amounts reclassified from AOCI
	Entergy Gulf States Louisiana	Entergy Louisiana	Income Statement Location
	(In Thousands)

Pension and other postretirement liabilities
Amortization of prior-service costs	$205	$62	(a)
Amortization of loss	(1,945)	(1,287)	(a)
Total amortization	(1,740)	(1,225)
	778	542	Income taxes
Total amortization (net of tax)	(962)	(683)

Total reclassifications for the period (net of tax)	($962)	($683)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the six months ended June 30, 2013 are as follows:


	Amounts reclassified from AOCI
	Entergy Gulf States Louisiana	Entergy Louisiana	Income Statement Location
	(In Thousands)

Pension and other postretirement liabilities
Amortization of prior-service costs	$411	$124	(a)
Amortization of loss	(3,892)	(2,574)	(a)
Total amortization	(3,481)	(2,450)
	1,564	1,089	Income taxes
Total amortization (net of tax)	(1,917)	(1,361)

Total reclassifications for the period (net of tax)	($1,917)	($1,361)

(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 6 to the financial statements for additional details.