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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING REVENUES        
Electric $ 2,093,331 $ 2,246,148 $ 4,135,492 $ 4,464,137
Natural gas 25,121 27,777 70,734 87,288
Competitive businesses 344,110 439,306 866,189 1,081,896
TOTAL 2,462,562 2,713,231 5,072,415 5,633,321
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 381,465 549,702 886,432 1,180,156
Purchased power 242,672 322,929 504,996 664,951
Nuclear refueling outage expenses 47,045 67,129 98,276 131,998
Other operation and maintenance 759,258 827,872 1,491,174 1,597,983
Asset Write-Offs, Impairments, And Related Charges 6,969 0 14,329 0
Decommissioning 76,625 68,830 145,253 138,729
Taxes other than income taxes 149,249 156,378 299,027 313,901
Depreciation and amortization 335,668 340,354 669,939 672,340
Other regulatory charges (credits) - net 21,353 2,654 22,512 13,111
TOTAL 2,020,304 2,335,848 4,131,938 4,713,169
OPERATING INCOME 442,258 377,383 940,477 920,152
OTHER INCOME        
Allowance for equity funds used during construction 13,860 11,974 32,792 23,712
Investment Income, Net 46,375 39,705 79,128 107,839
Miscellaneous - net (8,377) (15,743) (18,963) (24,764)
TOTAL 51,858 35,936 92,957 106,787
INTEREST EXPENSE        
Interest expense 177,631 165,860 351,442 332,197
Allowance for borrowed funds used during construction (7,132) (6,044) (16,813) (12,161)
TOTAL 170,499 159,816 334,629 320,036
INCOME BEFORE INCOME TAXES 323,617 253,503 698,805 706,903
Income taxes (248,973) 99,781 (109,027) 250,252
CONSOLIDATED NET INCOME 572,590 153,722 807,832 [1] 456,651 [1]
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 5,276 4,879 10,552 9,759
EARNINGS APPLICABLE TO COMMON STOCK $ 567,314 $ 148,843 $ 797,280 $ 446,892
Earnings per average common share:        
Basic (in dollars per share) $ 3.17 $ 0.83 $ 4.46 $ 2.49
Diluted (in dollars per share) 3.16 0.83 4.45 2.48
Dividends declared per common share (in dollars per share) $ 0.85 $ 0.83 $ 1.70 $ 1.66
Basic average number of common shares outstanding (in shares) 178,808,149 179,521,276 178,693,342 179,589,748
Diluted average number of common shares outstanding (in shares) 179,503,582 180,119,837 179,233,209 180,298,233
Entergy Arkansas [Member]        
OPERATING REVENUES        
Electric $ 504,252 $ 551,809 $ 969,625 $ 1,063,062
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 88,022 145,315 168,959 250,187
Purchased power 49,714 80,671 111,518 180,485
Nuclear refueling outage expenses 14,981 13,443 30,050 25,506
Other operation and maintenance 173,909 169,365 326,815 329,910
Decommissioning 13,301 12,491 26,404 24,795
Taxes other than income taxes 22,961 22,980 46,047 48,684
Depreciation and amortization 67,115 61,540 130,288 121,642
Other regulatory charges (credits) - net 802 (9,145) 1,719 (9,952)
TOTAL 430,805 496,660 841,800 971,257
OPERATING INCOME 73,447 55,149 127,825 91,805
OTHER INCOME        
Allowance for equity funds used during construction 3,995 3,532 8,927 5,906
Investment Income, Net 5,770 2,861 9,364 13,813
Miscellaneous - net (1,020) (521) (1,795) (688)
TOTAL 8,745 5,872 16,496 19,031
INTEREST EXPENSE        
Interest expense 27,792 26,417 60,574 52,904
Allowance for borrowed funds used during construction (2,136) (1,844) (4,851) (3,075)
TOTAL 25,656 24,573 55,723 49,829
INCOME BEFORE INCOME TAXES 56,536 36,448 88,598 61,007
Income taxes 22,645 14,923 35,413 21,617
CONSOLIDATED NET INCOME 33,891 21,525 53,185 39,390
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 1,718 1,718 3,437 3,437
EARNINGS APPLICABLE TO COMMON STOCK 32,173 19,807 49,748 35,953
Entergy Louisiana [Member]        
OPERATING REVENUES        
Electric 989,732 1,064,328 1,926,163 2,109,139
Natural gas 9,302 10,270 28,016 34,651
TOTAL 999,034 1,074,598 1,954,179 2,143,790
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 152,340 176,991 354,423 396,649
Purchased power 224,699 289,560 416,097 560,759
Nuclear refueling outage expenses 12,974 11,809 25,754 22,939
Other operation and maintenance 232,957 248,277 439,021 469,078
Decommissioning 11,658 10,784 23,166 21,429
Taxes other than income taxes 44,366 40,171 86,728 84,061
Depreciation and amortization 112,452 110,758 222,043 217,626
Other regulatory charges (credits) - net 13,836 (4,820) 11,577 (5,595)
TOTAL 805,282 883,530 1,578,809 1,766,946
OPERATING INCOME 193,752 191,068 375,370 376,844
OTHER INCOME        
Allowance for equity funds used during construction 4,506 4,223 11,744 9,695
Investment Income, Net 40,251 34,781 77,667 74,797
Miscellaneous - net (1,870) (4,588) (5,615) (4,788)
TOTAL 42,887 34,416 83,796 79,704
INTEREST EXPENSE        
Interest expense 70,787 65,003 135,863 130,284
Allowance for borrowed funds used during construction (2,383) (2,365) (6,280) (5,493)
TOTAL 68,404 62,638 129,583 124,791
INCOME BEFORE INCOME TAXES 168,235 162,846 329,583 331,757
Income taxes (85,090) 53,865 (35,348) 96,667
CONSOLIDATED NET INCOME 253,325 108,981 364,931 235,090
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 0 1,944 0 3,887
EARNINGS APPLICABLE TO COMMON STOCK 253,325 107,037 364,931 231,203
Entergy Mississippi [Member]        
OPERATING REVENUES        
Electric 248,138 344,975 511,184 705,790
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale (34) 64,208 61,346 154,819
Purchased power 74,361 95,763 129,744 187,921
Other operation and maintenance 60,381 65,114 111,654 130,186
Taxes other than income taxes 20,487 23,117 43,984 48,137
Depreciation and amortization 34,010 32,599 67,308 63,429
Other regulatory charges (credits) - net (2,957) 6,088 (6,315) 8,373
TOTAL 186,248 286,889 407,721 592,865
OPERATING INCOME 61,890 58,086 103,463 112,925
OTHER INCOME        
Allowance for equity funds used during construction 1,345 610 2,631 1,381
Investment Income, Net 240 27 361 55
Miscellaneous - net (1,050) (1,130) (1,755) (1,932)
TOTAL 535 (493) 1,237 (496)
INTEREST EXPENSE        
Interest expense 15,258 14,391 30,000 28,637
Allowance for borrowed funds used during construction (691) (324) (1,358) (741)
TOTAL 14,567 14,067 28,642 27,896
INCOME BEFORE INCOME TAXES 47,858 43,526 76,058 84,533
Income taxes 15,664 17,247 26,746 33,319
CONSOLIDATED NET INCOME 32,194 26,279 49,312 51,214
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 707 707 1,414 1,414
EARNINGS APPLICABLE TO COMMON STOCK 31,487 25,572 47,898 49,800
Entergy New Orleans [Member]        
OPERATING REVENUES        
Electric 149,101 143,246 271,542 264,741
Natural gas 15,819 17,506 42,718 52,637
TOTAL 164,920 160,752 314,260 317,378
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 12,554 16,099 23,475 37,722
Purchased power 70,583 71,385 139,108 134,520
Other operation and maintenance 28,659 32,082 51,501 60,082
Taxes other than income taxes 10,925 11,275 22,437 23,168
Depreciation and amortization 13,908 10,080 25,672 21,600
Other regulatory charges (credits) - net 1,378 (323) 3,274 (613)
TOTAL 138,007 140,598 265,467 276,479
OPERATING INCOME 26,913 20,154 48,793 40,899
OTHER INCOME        
Allowance for equity funds used during construction 143 312 456 632
Investment Income, Net 30 13 99 39
Miscellaneous - net 192 248 (53) 612
TOTAL 365 573 502 1,283
INTEREST EXPENSE        
Interest expense 5,984 4,266 10,357 8,607
Allowance for borrowed funds used during construction (49) (144) (175) (294)
TOTAL 5,935 4,122 10,182 8,313
INCOME BEFORE INCOME TAXES 21,343 16,605 39,113 33,869
Income taxes 9,500 5,710 16,103 11,682
CONSOLIDATED NET INCOME 11,843 10,895 23,010 22,187
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 241 241 482 482
EARNINGS APPLICABLE TO COMMON STOCK 11,602 10,654 22,528 21,705
Entergy Texas [Member]        
OPERATING REVENUES        
Electric 412,922 402,921 791,226 814,132
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 71,478 50,360 163,882 124,167
Purchased power 167,071 180,843 297,483 355,048
Other operation and maintenance 54,135 66,062 107,170 122,587
Taxes other than income taxes 18,285 17,641 36,595 35,911
Depreciation and amortization 26,495 25,714 52,114 50,561
Other regulatory charges (credits) - net 17,419 18,237 34,674 37,781
TOTAL 354,883 358,857 691,918 726,055
OPERATING INCOME 58,039 44,064 99,308 88,077
OTHER INCOME        
Allowance for equity funds used during construction 2,270 1,317 4,702 2,541
Investment Income, Net 268 (193) 468 (406)
Miscellaneous - net (54) (178) (470) (114)
TOTAL 2,484 946 4,700 2,021
INTEREST EXPENSE        
Interest expense 21,976 21,562 43,577 42,558
Allowance for borrowed funds used during construction (1,473) (862) (3,054) (1,656)
TOTAL 20,503 20,700 40,523 40,902
INCOME BEFORE INCOME TAXES 40,020 24,310 63,485 49,196
Income taxes 15,962 9,420 24,865 17,715
CONSOLIDATED NET INCOME 24,058 14,890 38,620 31,481
System Energy [Member]        
OPERATING REVENUES        
Electric 151,323 163,101 289,016 319,140
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 20,394 22,943 33,822 43,416
Nuclear refueling outage expenses 4,905 5,420 9,489 11,102
Other operation and maintenance 35,766 41,083 67,926 76,789
Decommissioning 12,593 11,897 24,980 23,600
Taxes other than income taxes 6,385 6,558 12,637 13,766
Depreciation and amortization 35,384 37,247 70,091 74,307
Other regulatory charges (credits) - net (9,124) (7,517) (22,415) (17,094)
TOTAL 106,303 117,631 196,530 225,886
OPERATING INCOME 45,020 45,470 92,486 93,254
OTHER INCOME        
Allowance for equity funds used during construction 1,602 2,042 4,331 3,693
Investment Income, Net 5,124 3,250 8,398 7,463
Miscellaneous - net (164) (217) (256) (438)
TOTAL 6,562 5,075 12,473 10,718
INTEREST EXPENSE        
Interest expense 9,382 12,347 18,934 25,360
Allowance for borrowed funds used during construction (401) (540) (1,097) (976)
TOTAL 8,981 11,807 17,837 24,384
INCOME BEFORE INCOME TAXES 42,601 38,738 87,122 79,588
Income taxes 17,511 16,878 36,074 32,195
CONSOLIDATED NET INCOME $ 25,090 $ 21,860 $ 51,048 $ 47,393
[1] (a) Consolidated net income and preferred dividend requirements of subsidiaries for 2016 and 2015 include $10.6 million and $6.4 million, respectively, of preferred dividends on subsidiaries’ preferred stock without sinking fund that is not presented within equity.