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Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2017
Segment Financial Information
Entergy’s segment financial information for the second quarters of 2017 and 2016 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,301,332

 

$317,255

 

$—

 

($37
)
 

$2,618,550

Income taxes
 

$130,851

 

($454,944
)
 

($13,019
)
 

$—

 

($337,112
)
Consolidated net income (loss)
 

$246,382

 

$223,886

 

($25,001
)
 

($31,899
)
 

$413,368

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,118,478

 

$344,110

 

$—

 

($26
)
 

$2,462,562

Income taxes
 

($3,785
)
 

($235,055
)
 

($10,133
)
 

$—

 

($248,973
)
Consolidated net income (loss)
 

$380,317

 

$250,874

 

($26,703
)
 

($31,898
)
 

$572,590

 
 
 
 
 
 
 
 
 
 
 
Entergy’s segment financial information for the six months ended June 30, 2017 and 2016 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$4,336,444

 

$870,622

 

$—

 

($58
)
 

$5,207,008

Income taxes
 

$229,343

 

($533,281
)
 

($25,412
)
 

$—

 

($329,350
)
Consolidated net income (loss)
 

$414,005

 

$196,689

 

($47,477
)
 

($63,797
)
 

$499,420

Total assets as of June 30, 2017
 

$42,263,832

 

$5,627,284

 

$1,165,157

 

($3,049,236
)
 

$46,007,037

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$4,206,272

 

$866,189

 

$—

 

($46
)
 

$5,072,415

Income taxes
 

$104,051

 

($182,741
)
 

($30,337
)
 

$—

 

($109,027
)
Consolidated net income (loss)
 

$579,968

 

$330,430

 

($38,769
)
 

($63,797
)
 

$807,832

Total assets as of December 31, 2016
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
Restructuring and Related Costs [Table Text Block]
Additional restructuring charges for the second quarter 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of April 1, 2017

$94

 

$21

 

$115

Restructuring costs accrued
42

 
—

 
42

Cash paid out
100

 
—

 
100

Balance as of June 30, 2017

$36

 

$21

 

$57


In addition, Entergy incurred $194 million of impairment charges in the second quarter 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.

    
Additional restructuring charges for the six months ended June 30, 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1, 2017

$70

 

$21

 

$91

Restructuring costs accrued
66

 
—

 
66

Cash paid out
100

 
—

 
100

Balance as of June 30, 2017

$36

 

$21

 

$57


In addition, Entergy incurred $405 million of impairment charges in the six months ended June 30, 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets.