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Equity (Tables)
 3 Months Ended
Mar. 31, 2019
Schedule Of Earnings Per Share Basic And Diluted
The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended March 31,
 
2019
 
2018
 
(In Millions, Except Per Share Data)
 
Income
 
Shares
 
$/share
 
Income
 
Shares
 
$/share
Basic earnings per share
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Entergy Corporation

$254.5

 
189.6

 

$1.34

 

$132.8

 
180.7

 

$0.73

Average dilutive effect of:
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
0.4

 
—

 
 
 
0.2

 
—

Other equity plans
 
 
0.5

 
(0.01
)
 
 
 
0.5

 
—

Equity forwards
 
 
1.7

 
(0.01
)
 
 
 
—

 
—

Diluted earnings per share

$254.5

 
192.2

 

$1.32

 

$132.8

 
181.4

 

$0.73
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended March 31, 2019 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 
Net
unrealized
investment
gain (loss)
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
Ending balance, December 31, 2018

($23,135
)
 

($531,922
)
 

($2,116
)
 

($557,173
)
Implementation of accounting standards
(7,685
)
 
—

 
879

 
(6,806
)
Beginning balance, January 1, 2019

($30,820
)
 

($531,922
)
 

($1,237
)
 

($563,979
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
28,312

 
—

 
13,539

 
41,851

Amounts reclassified from accumulated other comprehensive income (loss)
(40,738
)
 
11,550

 
164

 
(29,024
)
Net other comprehensive income (loss) for the period
(12,426
)
 
11,550

 
13,703

 
12,827

Ending balance, March 31, 2019

($43,246
)
 

($520,372
)
 

$12,466

 

($551,152
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended March 31, 2018 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 
Net
unrealized
investment
gain (loss)
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
Ending balance, December 31, 2017

($37,477
)
 

($531,099
)
 

$545,045

 

($23,531
)
Implementation of accounting standards
—

 
—

 
(632,617
)
 
(632,617
)
Beginning balance, January 1, 2018

($37,477
)
 

($531,099
)
 

($87,572
)
 

($656,148
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
71,566

 
—

 
838

 
72,404

Amounts reclassified from accumulated other comprehensive income (loss)
23,861

 
16,574

 
(33,694
)
 
6,741

Net other comprehensive income (loss) for the period
95,427

 
16,574

 
(32,856
)
 
79,145

 
 
 
 
 
 
 
 
Reclassification pursuant to ASU 2018-02
(7,756
)
 
(90,966
)
 
114,227

 
15,505

 
 
 
 
 
 
 
 
Ending balance, March 31, 2018

$50,194

 

($605,491
)
 

($6,201
)
 

($561,498
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reclassification out of Accumulated Other Comprehensive Income

 
 
 
 
 
 
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the three months ended March 31, 2019 and 2018 are as follows:
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
2019
 
2018
 
 
 
(In Thousands)
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
 
   Power contracts

$51,615

 

($30,082
)
 
Competitive business operating revenues
   Interest rate swaps
(48
)
 
(122
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
51,567

 
(30,204
)
 
 
 
(10,829
)
 
6,343

 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)

$40,738

 

($23,861
)
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
   Amortization of prior-service credit

$5,326

 

$5,426

 
(a)
   Amortization of loss
(18,988
)
 
(24,952
)
 
(a)
   Settlement loss
(1,137
)
 
(1,616
)
 
(a)
Total amortization
(14,799
)
 
(21,142
)
 
 
 
3,249

 
4,568

 
Income taxes
Total amortization (net of tax)

($11,550
)
 

($16,574
)
 
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
 
Realized gain (loss)

($259
)
 

$53,314

 
Interest and investment income
 
95

 
(19,620
)
 
Income taxes
Total realized investment gain (loss) (net of tax)

($164
)
 

$33,694

 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)

$29,024

 

($6,741
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.
Entergy Louisiana [Member]  
Schedule of Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the three months ended March 31, 2019 and 2018:
 
 
Pension and Other
Postretirement Liabilities
 
 
2019
 
2018
 
 
(In Thousands)
Beginning balance, January 1,
 

($6,153
)
 

($46,400
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(969
)
 
(501
)
Net other comprehensive income (loss) for the period
 
(969
)
 
(501
)
 
 
 
 
 
Reclassification pursuant to ASU 2018-02
 
—

 
(10,049
)
 
 
 
 
 
Ending balance, March 31,
 

($7,122
)
 

($56,950
)
Reclassification out of Accumulated Other Comprehensive Income

 
 
 
 
 
 
 

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the three months ended March 31, 2019 and 2018 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
2019
 
2018
 
 
 
 
(In Thousands)
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
   Amortization of prior-service credit
 

$1,838

 

$1,934

 
(a)
   Amortization of loss
 
(527
)
 
(1,257
)
 
(a)
Total amortization
 
1,311

 
677

 
 
 
 
(342
)
 
(176
)
 
Income taxes
Total amortization (net of tax)
 
969

 
501

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

$969

 

$501

 
 


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