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Business Segment Information
 9 Months Ended
Sep. 30, 2015
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2015 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.    

Entergy’s segment financial information for the third quarters of 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,849,681

 

$521,746

 

$—

 

($21
)
 

$3,371,406

Income taxes
 

$198,945

 

($554,513
)
 

($12,097
)
 

$—

 

($367,665
)
Consolidated net income (loss)
 

$364,265

 

($1,031,410
)
 

($19,190
)
 

($31,898
)
 

($718,233
)
2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,852,088

 

$605,740

 

$275

 

$7

 

$3,458,110

Income taxes
 

$172,188

 

$2,303

 

($12,726
)
 

$—

 

$161,765

Consolidated net income (loss)
 

$315,263

 

($32,678
)
 

($14,793
)
 

($32,876
)
 

$234,916


Entergy’s segment financial information for the nine months ended September 30, 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,401,136

 

$1,603,643

 

$—

 

($51
)
 

$9,004,728

Income taxes
 

$407,993

 

($487,622
)
 

($37,783
)
 

$—

 

($117,412
)
Consolidated net income (loss)
 

$796,051

 

($911,524
)
 

($50,415
)
 

($95,695
)
 

($261,583
)
Total assets as of September 30, 2015
 

$38,739,748

 

$8,309,720

 

$843,492

 

($2,851,355
)
 

$45,041,605

2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,566,187

 

$2,095,752

 

$1,765

 

($101
)
 

$9,663,603

Income taxes
 

$410,135

 

$140,777

 

($43,438
)
 

$—

 

$507,474

Consolidated net income (loss)
 

$732,838

 

$236,255

 

($47,869
)
 

($85,974
)
 

$835,250

Total assets as of December 31, 2014
 

$38,295,309

 

$10,279,500

 

$799,210

 

($2,846,165
)
 

$46,527,854


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Arkansas [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2015 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.    

Entergy’s segment financial information for the third quarters of 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,849,681

 

$521,746

 

$—

 

($21
)
 

$3,371,406

Income taxes
 

$198,945

 

($554,513
)
 

($12,097
)
 

$—

 

($367,665
)
Consolidated net income (loss)
 

$364,265

 

($1,031,410
)
 

($19,190
)
 

($31,898
)
 

($718,233
)
2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,852,088

 

$605,740

 

$275

 

$7

 

$3,458,110

Income taxes
 

$172,188

 

$2,303

 

($12,726
)
 

$—

 

$161,765

Consolidated net income (loss)
 

$315,263

 

($32,678
)
 

($14,793
)
 

($32,876
)
 

$234,916


Entergy’s segment financial information for the nine months ended September 30, 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,401,136

 

$1,603,643

 

$—

 

($51
)
 

$9,004,728

Income taxes
 

$407,993

 

($487,622
)
 

($37,783
)
 

$—

 

($117,412
)
Consolidated net income (loss)
 

$796,051

 

($911,524
)
 

($50,415
)
 

($95,695
)
 

($261,583
)
Total assets as of September 30, 2015
 

$38,739,748

 

$8,309,720

 

$843,492

 

($2,851,355
)
 

$45,041,605

2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,566,187

 

$2,095,752

 

$1,765

 

($101
)
 

$9,663,603

Income taxes
 

$410,135

 

$140,777

 

($43,438
)
 

$—

 

$507,474

Consolidated net income (loss)
 

$732,838

 

$236,255

 

($47,869
)
 

($85,974
)
 

$835,250

Total assets as of December 31, 2014
 

$38,295,309

 

$10,279,500

 

$799,210

 

($2,846,165
)
 

$46,527,854


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Louisiana [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2015 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.    

Entergy’s segment financial information for the third quarters of 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,849,681

 

$521,746

 

$—

 

($21
)
 

$3,371,406

Income taxes
 

$198,945

 

($554,513
)
 

($12,097
)
 

$—

 

($367,665
)
Consolidated net income (loss)
 

$364,265

 

($1,031,410
)
 

($19,190
)
 

($31,898
)
 

($718,233
)
2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,852,088

 

$605,740

 

$275

 

$7

 

$3,458,110

Income taxes
 

$172,188

 

$2,303

 

($12,726
)
 

$—

 

$161,765

Consolidated net income (loss)
 

$315,263

 

($32,678
)
 

($14,793
)
 

($32,876
)
 

$234,916


Entergy’s segment financial information for the nine months ended September 30, 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,401,136

 

$1,603,643

 

$—

 

($51
)
 

$9,004,728

Income taxes
 

$407,993

 

($487,622
)
 

($37,783
)
 

$—

 

($117,412
)
Consolidated net income (loss)
 

$796,051

 

($911,524
)
 

($50,415
)
 

($95,695
)
 

($261,583
)
Total assets as of September 30, 2015
 

$38,739,748

 

$8,309,720

 

$843,492

 

($2,851,355
)
 

$45,041,605

2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,566,187

 

$2,095,752

 

$1,765

 

($101
)
 

$9,663,603

Income taxes
 

$410,135

 

$140,777

 

($43,438
)
 

$—

 

$507,474

Consolidated net income (loss)
 

$732,838

 

$236,255

 

($47,869
)
 

($85,974
)
 

$835,250

Total assets as of December 31, 2014
 

$38,295,309

 

$10,279,500

 

$799,210

 

($2,846,165
)
 

$46,527,854


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Mississippi [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2015 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.    

Entergy’s segment financial information for the third quarters of 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,849,681

 

$521,746

 

$—

 

($21
)
 

$3,371,406

Income taxes
 

$198,945

 

($554,513
)
 

($12,097
)
 

$—

 

($367,665
)
Consolidated net income (loss)
 

$364,265

 

($1,031,410
)
 

($19,190
)
 

($31,898
)
 

($718,233
)
2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,852,088

 

$605,740

 

$275

 

$7

 

$3,458,110

Income taxes
 

$172,188

 

$2,303

 

($12,726
)
 

$—

 

$161,765

Consolidated net income (loss)
 

$315,263

 

($32,678
)
 

($14,793
)
 

($32,876
)
 

$234,916


Entergy’s segment financial information for the nine months ended September 30, 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,401,136

 

$1,603,643

 

$—

 

($51
)
 

$9,004,728

Income taxes
 

$407,993

 

($487,622
)
 

($37,783
)
 

$—

 

($117,412
)
Consolidated net income (loss)
 

$796,051

 

($911,524
)
 

($50,415
)
 

($95,695
)
 

($261,583
)
Total assets as of September 30, 2015
 

$38,739,748

 

$8,309,720

 

$843,492

 

($2,851,355
)
 

$45,041,605

2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,566,187

 

$2,095,752

 

$1,765

 

($101
)
 

$9,663,603

Income taxes
 

$410,135

 

$140,777

 

($43,438
)
 

$—

 

$507,474

Consolidated net income (loss)
 

$732,838

 

$236,255

 

($47,869
)
 

($85,974
)
 

$835,250

Total assets as of December 31, 2014
 

$38,295,309

 

$10,279,500

 

$799,210

 

($2,846,165
)
 

$46,527,854


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy New Orleans [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2015 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.    

Entergy’s segment financial information for the third quarters of 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,849,681

 

$521,746

 

$—

 

($21
)
 

$3,371,406

Income taxes
 

$198,945

 

($554,513
)
 

($12,097
)
 

$—

 

($367,665
)
Consolidated net income (loss)
 

$364,265

 

($1,031,410
)
 

($19,190
)
 

($31,898
)
 

($718,233
)
2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,852,088

 

$605,740

 

$275

 

$7

 

$3,458,110

Income taxes
 

$172,188

 

$2,303

 

($12,726
)
 

$—

 

$161,765

Consolidated net income (loss)
 

$315,263

 

($32,678
)
 

($14,793
)
 

($32,876
)
 

$234,916


Entergy’s segment financial information for the nine months ended September 30, 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,401,136

 

$1,603,643

 

$—

 

($51
)
 

$9,004,728

Income taxes
 

$407,993

 

($487,622
)
 

($37,783
)
 

$—

 

($117,412
)
Consolidated net income (loss)
 

$796,051

 

($911,524
)
 

($50,415
)
 

($95,695
)
 

($261,583
)
Total assets as of September 30, 2015
 

$38,739,748

 

$8,309,720

 

$843,492

 

($2,851,355
)
 

$45,041,605

2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,566,187

 

$2,095,752

 

$1,765

 

($101
)
 

$9,663,603

Income taxes
 

$410,135

 

$140,777

 

($43,438
)
 

$—

 

$507,474

Consolidated net income (loss)
 

$732,838

 

$236,255

 

($47,869
)
 

($85,974
)
 

$835,250

Total assets as of December 31, 2014
 

$38,295,309

 

$10,279,500

 

$799,210

 

($2,846,165
)
 

$46,527,854


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Texas [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2015 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.    

Entergy’s segment financial information for the third quarters of 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,849,681

 

$521,746

 

$—

 

($21
)
 

$3,371,406

Income taxes
 

$198,945

 

($554,513
)
 

($12,097
)
 

$—

 

($367,665
)
Consolidated net income (loss)
 

$364,265

 

($1,031,410
)
 

($19,190
)
 

($31,898
)
 

($718,233
)
2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,852,088

 

$605,740

 

$275

 

$7

 

$3,458,110

Income taxes
 

$172,188

 

$2,303

 

($12,726
)
 

$—

 

$161,765

Consolidated net income (loss)
 

$315,263

 

($32,678
)
 

($14,793
)
 

($32,876
)
 

$234,916


Entergy’s segment financial information for the nine months ended September 30, 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,401,136

 

$1,603,643

 

$—

 

($51
)
 

$9,004,728

Income taxes
 

$407,993

 

($487,622
)
 

($37,783
)
 

$—

 

($117,412
)
Consolidated net income (loss)
 

$796,051

 

($911,524
)
 

($50,415
)
 

($95,695
)
 

($261,583
)
Total assets as of September 30, 2015
 

$38,739,748

 

$8,309,720

 

$843,492

 

($2,851,355
)
 

$45,041,605

2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,566,187

 

$2,095,752

 

$1,765

 

($101
)
 

$9,663,603

Income taxes
 

$410,135

 

$140,777

 

($43,438
)
 

$—

 

$507,474

Consolidated net income (loss)
 

$732,838

 

$236,255

 

($47,869
)
 

($85,974
)
 

$835,250

Total assets as of December 31, 2014
 

$38,295,309

 

$10,279,500

 

$799,210

 

($2,846,165
)
 

$46,527,854


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
System Energy [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2015 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.    

Entergy’s segment financial information for the third quarters of 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,849,681

 

$521,746

 

$—

 

($21
)
 

$3,371,406

Income taxes
 

$198,945

 

($554,513
)
 

($12,097
)
 

$—

 

($367,665
)
Consolidated net income (loss)
 

$364,265

 

($1,031,410
)
 

($19,190
)
 

($31,898
)
 

($718,233
)
2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,852,088

 

$605,740

 

$275

 

$7

 

$3,458,110

Income taxes
 

$172,188

 

$2,303

 

($12,726
)
 

$—

 

$161,765

Consolidated net income (loss)
 

$315,263

 

($32,678
)
 

($14,793
)
 

($32,876
)
 

$234,916


Entergy’s segment financial information for the nine months ended September 30, 2015 and 2014 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities*
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,401,136

 

$1,603,643

 

$—

 

($51
)
 

$9,004,728

Income taxes
 

$407,993

 

($487,622
)
 

($37,783
)
 

$—

 

($117,412
)
Consolidated net income (loss)
 

$796,051

 

($911,524
)
 

($50,415
)
 

($95,695
)
 

($261,583
)
Total assets as of September 30, 2015
 

$38,739,748

 

$8,309,720

 

$843,492

 

($2,851,355
)
 

$45,041,605

2014
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,566,187

 

$2,095,752

 

$1,765

 

($101
)
 

$9,663,603

Income taxes
 

$410,135

 

$140,777

 

($43,438
)
 

$—

 

$507,474

Consolidated net income (loss)
 

$732,838

 

$236,255

 

($47,869
)
 

($85,974
)
 

$835,250

Total assets as of December 31, 2014
 

$38,295,309

 

$10,279,500

 

$799,210

 

($2,846,165
)
 

$46,527,854


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.