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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
OPERATING REVENUES        
Electric $ 2,246,148 $ 2,373,842 $ 4,464,137 $ 4,600,306
Natural gas 27,777 35,469 87,288 113,689
Competitive businesses 439,306 587,339 1,081,896 1,491,498
TOTAL 2,713,231 2,996,650 5,633,321 6,205,493
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 549,702 604,081 1,180,156 1,147,910
Purchased power 322,929 517,898 664,951 1,092,525
Nuclear refueling outage expenses 67,129 66,497 131,998 126,041
Other operation and maintenance 827,872 814,942 1,597,983 1,550,653
Asset Write-Offs, Impairments, And Related Charges 0 1,667 0 3,937
Decommissioning 68,830 67,250 138,729 133,049
Taxes other than income taxes 156,378 152,736 313,901 307,204
Depreciation and amortization 340,354 331,742 672,340 660,465
Other regulatory charges (credits) - net 2,654 (14,640) 13,111 (10,645)
TOTAL 2,335,848 2,542,173 4,713,169 5,011,139
OPERATING INCOME 377,383 454,477 920,152 1,194,354
OTHER INCOME        
Allowance for equity funds used during construction 11,974 14,788 23,712 29,917
Interest and investment income 39,705 24,245 107,839 59,493
Miscellaneous - net (15,743) (14,675) (24,764) (26,379)
TOTAL 35,936 24,358 106,787 63,031
INTEREST EXPENSE        
Interest expense 165,860 164,327 332,197 326,877
Allowance for borrowed funds used during construction (6,044) (8,516) (12,161) (15,535)
TOTAL 159,816 155,811 320,036 311,342
INCOME BEFORE INCOME TAXES 253,503 323,024 706,903 946,043
Income taxes 99,781 128,743 250,252 345,709
CONSOLIDATED NET INCOME 153,722 194,281 456,651 [1] 600,334 [1]
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 4,879 4,898 9,759 9,777
EARNINGS APPLICABLE TO COMMON STOCK $ 148,843 $ 189,383 $ 446,892 $ 590,557
Earnings per average common share:        
Basic (in dollars per share) $ 0.83 $ 1.06 $ 2.49 $ 3.30
Diluted (in dollars per share) 0.83 1.05 2.48 3.29
Dividends declared per common share (in dollars per share) $ 0.83 $ 0.83 $ 1.66 $ 1.66
Basic average number of common shares outstanding (in shares) 179,521,276 179,354,103 179,589,748 179,077,503
Diluted average number of common shares outstanding (in shares) 180,119,837 180,045,432 180,298,233 179,547,020
Entergy Arkansas [Member]        
OPERATING REVENUES        
Electric $ 551,809 $ 511,522 $ 1,063,062 $ 1,026,503
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 145,315 16,922 250,187 109,075
Purchased power 80,671 173,623 180,485 292,471
Nuclear refueling outage expenses 13,443 9,499 25,506 18,176
Other operation and maintenance 169,365 158,711 329,910 297,256
Decommissioning 12,491 11,729 24,795 22,915
Taxes other than income taxes 22,980 21,526 48,684 43,434
Depreciation and amortization 61,540 59,108 121,642 116,829
Other regulatory charges (credits) - net (9,145) (8,566) (9,952) (8,983)
TOTAL 496,660 442,552 971,257 891,173
OPERATING INCOME 55,149 68,970 91,805 135,330
OTHER INCOME        
Allowance for equity funds used during construction 3,532 1,660 5,906 3,413
Interest and investment income 2,861 3,596 13,813 7,613
Miscellaneous - net (521) (366) (688) (730)
TOTAL 5,872 4,890 19,031 10,296
INTEREST EXPENSE        
Interest expense 26,417 23,688 52,904 46,521
Allowance for borrowed funds used during construction (1,844) (1,148) (3,075) (1,786)
TOTAL 24,573 22,540 49,829 44,735
INCOME BEFORE INCOME TAXES 36,448 51,320 61,007 100,891
Income taxes 14,923 22,315 21,617 43,516
CONSOLIDATED NET INCOME 21,525 29,005 39,390 57,375
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 1,718 1,718 3,437 3,437
EARNINGS APPLICABLE TO COMMON STOCK 19,807 27,287 35,953 53,938
Entergy Gulf States Louisiana [Member]        
OPERATING REVENUES        
Electric 461,309 540,606 923,705 1,022,028
Natural gas 10,270 13,428 34,651 45,301
TOTAL 471,579 554,034 958,356 1,067,329
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 44,446 88,471 121,160 147,676
Purchased power 183,582 233,207 349,463 452,915
Nuclear refueling outage expenses 5,483 5,332 10,188 10,605
Other operation and maintenance 107,506 95,579 199,453 182,676
Decommissioning 4,345 4,181 8,631 8,302
Taxes other than income taxes 20,680 20,737 43,549 41,746
Depreciation and amortization 39,593 38,732 78,383 76,974
Other regulatory charges (credits) - net 43 (2,555) 2,239 (6,491)
TOTAL 405,678 483,684 813,066 914,403
OPERATING INCOME 65,901 70,350 145,290 152,926
OTHER INCOME        
Allowance for equity funds used during construction 1,270 1,695 3,313 3,341
Interest and investment income 9,078 7,436 22,689 17,493
Miscellaneous - net (1,807) (3,649) (2,544) (5,367)
TOTAL 8,541 5,482 23,458 15,467
INTEREST EXPENSE        
Interest expense 21,890 20,292 43,830 40,570
Allowance for borrowed funds used during construction (759) (1,160) (2,026) (1,921)
TOTAL 21,131 19,132 41,804 38,649
INCOME BEFORE INCOME TAXES 53,311 56,700 126,944 129,744
Income taxes 19,348 20,529 39,136 47,101
CONSOLIDATED NET INCOME 33,963 36,171 87,808 82,643
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 206 209 412 415
EARNINGS APPLICABLE TO COMMON STOCK 33,757 35,962 87,396 82,228
Entergy Louisiana [Member]        
OPERATING REVENUES        
Electric 667,624 736,408 1,307,718 1,359,902
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 132,545 168,820 275,489 259,607
Purchased power 170,583 258,624 333,580 507,743
Nuclear refueling outage expenses 6,326 7,763 12,751 16,641
Other operation and maintenance 140,771 119,648 269,625 228,770
Decommissioning 6,439 6,123 12,798 12,169
Taxes other than income taxes 19,491 19,745 40,512 39,490
Depreciation and amortization 71,165 63,146 139,243 125,521
Other regulatory charges (credits) - net (4,863) (7,637) (7,834) (15,272)
TOTAL 542,457 636,232 1,076,164 1,174,669
OPERATING INCOME 125,167 100,176 231,554 185,233
OTHER INCOME        
Allowance for equity funds used during construction 2,953 9,216 6,382 18,093
Interest and investment income 25,703 21,086 52,108 42,264
Miscellaneous - net (2,781) 1,311 (2,244) 1,142
TOTAL 25,875 31,613 56,246 61,499
INTEREST EXPENSE        
Interest expense 43,113 40,686 86,454 81,375
Allowance for borrowed funds used during construction (1,606) (5,053) (3,467) (9,516)
TOTAL 41,507 35,633 82,987 71,859
INCOME BEFORE INCOME TAXES 109,535 96,156 204,813 174,873
Income taxes 34,517 26,489 57,531 46,828
CONSOLIDATED NET INCOME 75,018 69,667 147,282 128,045
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 1,738 1,757 3,475 3,494
EARNINGS APPLICABLE TO COMMON STOCK 73,280 67,910 143,807 124,551
Entergy Mississippi [Member]        
OPERATING REVENUES        
Electric 344,975 370,638 705,790 718,834
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 64,208 76,513 154,819 133,828
Purchased power 95,763 119,736 187,921 247,788
Other operation and maintenance 65,114 69,342 130,186 124,700
Taxes other than income taxes 23,117 21,733 48,137 44,000
Depreciation and amortization 32,599 28,394 63,429 56,505
Other regulatory charges (credits) - net 6,088 (4,143) 8,373 (4,182)
TOTAL 286,889 311,575 592,865 602,639
OPERATING INCOME 58,086 59,063 112,925 116,195
OTHER INCOME        
Allowance for equity funds used during construction 610 414 1,381 849
Interest and investment income 27 326 55 664
Miscellaneous - net (1,130) (1,414) (1,932) (2,253)
TOTAL (493) (674) (496) (740)
INTEREST EXPENSE        
Interest expense 14,391 14,396 28,637 28,824
Allowance for borrowed funds used during construction (324) (214) (741) (442)
TOTAL 14,067 14,182 27,896 28,382
INCOME BEFORE INCOME TAXES 43,526 44,207 84,533 87,073
Income taxes 17,247 17,643 33,319 34,670
CONSOLIDATED NET INCOME 26,279 26,564 51,214 52,403
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 707 707 1,414 1,414
EARNINGS APPLICABLE TO COMMON STOCK 25,572 25,857 49,800 50,989
Entergy New Orleans [Member]        
OPERATING REVENUES        
Electric 132,988 147,941 244,757 288,168
Natural gas 17,506 22,048 52,637 68,388
TOTAL 150,494 169,989 297,394 356,556
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 14,577 43,704 34,510 94,866
Purchased power 69,309 63,758 130,534 132,903
Other operation and maintenance 29,081 28,240 54,285 56,371
Taxes other than income taxes 10,797 11,479 22,187 24,614
Depreciation and amortization 8,270 9,741 18,063 19,206
Other regulatory charges (credits) - net (190) 205 (403) 453
TOTAL 131,844 157,127 259,176 328,413
OPERATING INCOME 18,650 12,862 38,218 28,143
OTHER INCOME        
Allowance for equity funds used during construction 248 205 495 560
Interest and investment income 12 21 37 38
Miscellaneous - net 303 (237) 655 (584)
TOTAL 563 (11) 1,187 14
INTEREST EXPENSE        
Interest expense 3,355 3,303 6,782 6,665
Allowance for borrowed funds used during construction (110) (101) (220) (274)
TOTAL 3,245 3,202 6,562 6,391
INCOME BEFORE INCOME TAXES 15,968 9,649 32,843 21,766
Income taxes 5,466 3,275 11,287 7,098
CONSOLIDATED NET INCOME 10,502 6,374 21,556 14,668
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 241 241 482 482
EARNINGS APPLICABLE TO COMMON STOCK 10,261 6,133 21,074 14,186
Entergy Texas [Member]        
OPERATING REVENUES        
Electric 402,921 482,932 814,132 923,188
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 50,360 89,258 124,167 140,226
Purchased power 180,843 223,213 355,048 458,039
Other operation and maintenance 66,062 58,979 122,587 110,189
Taxes other than income taxes 17,641 17,260 35,911 33,758
Depreciation and amortization 25,714 24,842 50,561 49,357
Other regulatory charges (credits) - net 18,237 16,222 37,781 35,405
TOTAL 358,857 429,774 726,055 826,974
OPERATING INCOME 44,064 53,158 88,077 96,214
OTHER INCOME        
Allowance for equity funds used during construction 1,317 611 2,541 1,456
Interest and investment income (193) 172 (406) 475
Miscellaneous - net (178) (876) (114) (1,340)
TOTAL 946 (93) 2,021 591
INTEREST EXPENSE        
Interest expense 21,562 22,948 42,558 45,609
Allowance for borrowed funds used during construction (862) (426) (1,656) (1,015)
TOTAL 20,700 22,522 40,902 44,594
INCOME BEFORE INCOME TAXES 24,310 30,543 49,196 52,211
Income taxes 9,420 11,958 17,715 20,461
CONSOLIDATED NET INCOME 14,890 18,585 31,481 31,750
System Energy [Member]        
OPERATING REVENUES        
Electric 163,101 163,830 319,140 321,497
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 22,943 23,111 43,416 37,259
Nuclear refueling outage expenses 5,420 5,511 11,102 11,693
Other operation and maintenance 41,083 34,122 76,789 68,800
Decommissioning 11,897 10,368 23,600 20,560
Taxes other than income taxes 6,558 6,352 13,766 12,874
Depreciation and amortization 37,247 35,985 74,307 73,311
Other regulatory charges (credits) - net (7,517) (8,166) (17,094) (11,576)
TOTAL 117,631 107,283 225,886 212,921
OPERATING INCOME 45,470 56,547 93,254 108,576
OTHER INCOME        
Allowance for equity funds used during construction 2,042 986 3,693 2,204
Interest and investment income 3,250 1,388 7,463 5,803
Miscellaneous - net (217) (96) (438) (201)
TOTAL 5,075 2,278 10,718 7,806
INTEREST EXPENSE        
Interest expense 12,347 13,354 25,360 27,601
Allowance for borrowed funds used during construction (540) (415) (976) (582)
TOTAL 11,807 12,939 24,384 27,019
INCOME BEFORE INCOME TAXES 38,738 45,886 79,588 89,363
Income taxes 16,878 19,955 32,195 38,813
CONSOLIDATED NET INCOME $ 21,860 $ 25,931 $ 47,393 $ 50,550
[1] Consolidated net income and preferred dividend requirements of subsidiaries for 2015 and 2014 include $6.4 million and $6.4 million, respectively, of preferred dividends on subsidiaries’ preferred stock without sinking fund that is not presented within equity.