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Equity (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30,
	2021			2020
	(In Millions, Except Per Share Data)
	Income	Shares	$/share	Income	Shares	$/share
Basic earnings (loss) per share
Net income (loss) attributable to Entergy Corporation	($6.0)	200.8	($0.03)	$360.5	200.2	$1.80
Average dilutive effect of:
Stock options		—	—		0.3	—
Other equity plans		—	—		0.4	(0.01)

Diluted earnings (loss) per share	($6.0)	200.8	($0.03)	$360.5	200.9	$1.79

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1 million for the three months ended June 30, 2021 and approximately 0.5 million for the three months ended June 30, 2020.

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:


	For the Six Months Ended June 30,
	2021			2020
	(In Millions, Except Per Share Data)
	Income	Shares	$/share	Income	Shares	$/share
Basic earnings per share
Net income attributable to Entergy Corporation	$328.6	200.7	$1.64	$479.2	200.0	$2.40
Average dilutive effect of:
Stock options		0.4	(0.01)		0.5	(0.01)
Other equity plans		0.3	—		0.4	—

Diluted earnings per share	$328.6	201.4	$1.63	$479.2	200.9	$2.39

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1 million for the six months ended June 30, 2021 and approximately 0.5 million for the six months ended June 30, 2020.

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 June 30, 2021 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)
Beginning balance, April 1, 2021	($861)	($511,609)	$11,963	($500,507)

Other comprehensive income (loss) before reclassifications	(14)	—	648	634
Amounts reclassified from accumulated other comprehensive income (loss)	(208)	22,098	(756)	21,134
Net other comprehensive income (loss) for the period	(222)	22,098	(108)	21,768

Ending balance, June 30, 2021	($1,083)	($489,511)	$11,855	($478,739)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 2020 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)
Beginning balance, April 1, 2020	$62,496	($503,173)	$41,690	($398,987)

Other comprehensive income (loss) before reclassifications	4,890	—	22,545	27,435
Amounts reclassified from accumulated other comprehensive income (loss)	(30,296)	17,224	(3,980)	(17,052)
Net other comprehensive income (loss) for the period	(25,406)	17,224	18,565	10,383

Ending balance, June 30, 2020	$37,090	($485,949)	$60,255	($388,604)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2021 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)
Beginning balance, January 1, 2021	$28,719	($534,576)	$56,650	($449,207)

Other comprehensive income (loss) before reclassifications	1,467	—	(44,653)	(43,186)
Amounts reclassified from accumulated other comprehensive income (loss)	(31,269)	45,065	(142)	13,654
Net other comprehensive income (loss) for the period	(29,802)	45,065	(44,795)	(29,532)

Ending balance, June 30, 2021	($1,083)	($489,511)	$11,855	($478,739)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2020 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)


Beginning balance, January 1, 2020	$84,206	($557,072)	$25,946	($446,920)

Other comprehensive income (loss) before reclassifications	97,373	34,349	40,258	171,980
Amounts reclassified from accumulated other comprehensive income (loss)	(144,489)	36,774	(5,949)	(113,664)
Net other comprehensive income (loss) for the period	(47,116)	71,123	34,309	58,316

Ending balance, June 30, 2020	$37,090	($485,949)	$60,255	($388,604)

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 June 30, 2021 and 2020 were as follows:



	Amounts reclassified from AOCI		Income Statement Location
	2021	2020
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts	$312	$25,086	Competitive business operating revenues
Interest rate swaps	(48)	(48)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	264	25,038
Income taxes	(56)	5,258	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	$208	$30,296

Pension and other postretirement liabilities
Amortization of prior-service credit	$5,248	$5,682	(a)
Amortization of loss	(27,534)	(27,619)	(a)

Settlement loss	(6,043)	—	(a)
Total amortization	(28,329)	(21,937)
Income taxes	6,231	4,713	Income taxes
Total amortization (net of tax)	($22,098)	($17,224)

Net unrealized investment gain (loss)
Realized gain (loss)	$1,196	$6,297	Interest and investment income
Income taxes	(440)	(2,317)	Income taxes
Total realized investment gain (loss) (net of tax)	$756	$3,980

Total reclassifications for the period (net of tax)	($21,134)	$17,052

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

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the six months ended June 30, 2021 and 2020 were as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2021	2020
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts	$39,679	$119,509	Competitive business operating revenues
Interest rate swaps	(97)	(97)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	39,582	119,412
Income taxes	(8,313)	25,077	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	$31,269	$144,489

Pension and other postretirement liabilities
Amortization of prior-service credit	$10,496	$9,401	(a)
Amortization of loss	(62,063)	(54,937)	(a)

Settlement loss	(6,043)	—	(a)
Total amortization	(57,610)	(45,536)
Income taxes	12,545	8,762	Income taxes
Total amortization (net of tax)	($45,065)	($36,774)

Net unrealized investment gain (loss)
Realized gain (loss)	$224	$9,413	Interest and investment income
Income taxes	(82)	(3,464)	Income taxes
Total realized investment gain (loss) (net of tax)	$142	$5,949

Total reclassifications for the period (net of tax)	($13,654)	$113,664

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 June 30, 2021 and 2020:



	Pension and Other Postretirement Liabilities
	2021	2020
	(In Thousands)
Beginning balance, April 1,	$3,920	$14,029

Amounts reclassified from accumulated other comprehensive income (loss)	588	(945)
Net other comprehensive income (loss) for the period	588	(945)

Ending balance, June 30,	$4,508	$13,084

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the six months ended June 30, 2021 and 2020:


	Pension and Other Postretirement Liabilities
	2021	2020
	(In Thousands)
Beginning balance, January 1,	$4,327	$4,562

Other comprehensive income (loss) before reclassifications	—	10,050
Amounts reclassified from accumulated other comprehensive income (loss)	181	(1,528)
Net other comprehensive income (loss) for the period	181	8,522



Ending balance, June 30,	$4,508	$13,084

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 June 30, 2021 and 2020 were as follows:



	Amounts reclassified from AOCI		Income Statement Location
	2021	2020
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service credit	$1,230	$1,698	(a)
Amortization of loss	(626)	(419)	(a)
Settlement loss	(1,400)	—	(a)
Total amortization	(796)	1,279
Income taxes	208	(334)	Income taxes
Total amortization (net of tax)	(588)	945

Total reclassifications for the period (net of tax)	($588)	$945

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the six months ended June 30, 2021 and 2020 were as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2021	2020
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service credit	$2,460	$2,787	(a)
Amortization of loss	(1,305)	(720)	(a)
Settlement loss	(1,400)	—	(a)
Total amortization	(245)	2,067
Income taxes	64	(539)	Income taxes
Total amortization (net of tax)	(181)	1,528

Total reclassifications for the period (net of tax)	($181)	$1,528