Equity

9 Months Ended

Sep. 30, 2021

Equity

EQUITY (Entergy Corporation and Entergy Louisiana)

Common Stock

Earnings per Share

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

	For the Three Months Ended September 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	$531.0	201.0	$2.64	$521.1	200.2	$2.60
Average dilutive effect of:
Stock options		0.4	—		0.4	—
Other equity plans		0.6	(0.01)		0.5	(0.01)
Diluted earnings per share	$531.0	202.0	$2.63	$521.1	201.1	$2.59

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.0 million for the three months ended September 30, 2021 and approximately 0.5 million for the three months ended September 30, 2020.

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

	For the Nine Months Ended September 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	$859.6	200.8	$4.28	$1,000.4	200.1	$5.00
Average dilutive effect of:
Stock options		0.4	(0.01)		0.4	(0.01)
Other equity plans		0.4	(0.01)		0.5	(0.01)
Diluted earnings per share	$859.6	201.6	$4.26	$1,000.4	201.0	$4.98

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.0 million for the nine months ended September 30, 2021 and approximately 0.5 million for the nine months ended September 30, 2020.

Entergy’s stock options and other equity compensation plans are discussed in Note 5 to the financial statements herein and in Note 12 to the financial statements in the Form 10-K.

Dividends declared per common share were $0.95 for the three months ended September 30, 2021 and $0.93 for the three months ended September 30, 2020. Dividends declared per common share were $2.85 for the nine months ended September 30, 2021 and $2.79 for the nine months ended September 30, 2020.

Equity Distribution Program

In January 2021, Entergy entered into an equity distribution sales agreement with several counterparties establishing an at the market equity distribution program, pursuant to which Entergy may offer and sell from time to time shares of its common stock. The sales agreement provides that, in addition to the issuance and sale of shares of Entergy common stock, Entergy may enter into forward sale agreements for the sale of its common stock. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $1 billion.

For the three months ended September 30, 2021, there were no shares of common stock issued under the at the market equity distribution program. During the nine months ended September 30, 2021, Entergy Corporation issued 265,468 shares of common stock under the at the market equity distribution program. The net sales proceeds from these shares totaled $26.8 million, which includes the gross sales price of $28.2 million received by Entergy Corporation less $1.1 million of general issuance costs and $0.3 million of aggregate compensation to the agents with respect to such sales.

In June 2021, Entergy entered into a forward sale agreement for 416,853 shares of common stock. No amounts have or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlements of the equity forward sale agreement occur. The forward sale agreement requires Entergy to, at its election prior to September 30, 2022, either (i) physically settle the transactions by issuing the total of 416,853 shares of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the agreement (initially approximately $106.87 per share) or (ii) net settle the transaction in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreement. In connection with the forward sale agreement, the forward seller, or its affiliates, borrowed from third parties and sold 416,853 shares of Entergy Corporation’s common stock. The gross sales price of these shares totaled $45 million. In connection with the sales of these shares, Entergy paid to the agents fees of $0.5 million, which have not been deducted from the gross sales price. Entergy did not receive any proceeds from such sales of borrowed shares.

In August and October 2021, Entergy entered into forward sale agreements for 1,692,555 and 250,743 shares of common stock, respectively. No amounts have or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlements of the equity forward sale agreements occur. In each case, the forward sale agreement requires Entergy to, at its election prior to September 30, 2022, either (i) physically settle the transactions by issuing the total of 1,692,555 and 250,743 shares, respectively, of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the respective forward sale agreement (initially approximately $111.16 and $100.35 per share, respectively) or (ii) net settle the transaction in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the respective forward sale agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold 1,692,555 and 250,743 shares, respectively, of Entergy Corporation’s common stock. The gross sales price of these shares totaled $190.1 million and $25.4 million, respectively. In connection with the sales of these shares, Entergy paid to the agents fees of $1.9 million and $0.3 million, respectively, which have not been deducted from the gross sales prices. Entergy did not receive any proceeds from such sales of borrowed shares.

Until settlement of the forward sale agreement, earnings per share dilution resulting from the agreement, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price. For the three and nine months ended September 30, 2021, shares under the forward sale agreement were not included in the calculation of diluted common shares outstanding because their effect would have been antidilutive.

Treasury Stock

During the nine months ended September 30, 2021, Entergy Corporation issued 465,135 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards.  Entergy Corporation did not repurchase any of its common stock during the nine months ended September 30, 2021.

Retained Earnings

On October 29, 2021, Entergy Corporation’s Board of Directors declared a common stock dividend of $1.01 per share, payable on December 1, 2021, to holders of record as of November 15, 2021.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 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, July 1, 2021	($1,083)	($489,511)	$11,855	($478,739)
Other comprehensive income (loss) before reclassifications	(14)	—	(2,173)	(2,187)
Amounts reclassified from accumulated other comprehensive income (loss)	38	8,838	11	8,887
Net other comprehensive income (loss) for the period	24	8,838	(2,162)	6,700
Ending balance, September 30, 2021	($1,059)	($480,673)	$9,693	($472,039)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 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, July 1, 2020	$37,090	($485,949)	$60,255	($388,604)
Other comprehensive income (loss) before reclassifications	(4,964)	—	181	(4,783)
Amounts reclassified from accumulated other comprehensive income (loss)	(11,594)	17,437	(2,876)	2,967
Net other comprehensive income (loss) for the period	(16,558)	17,437	(2,695)	(1,816)
Ending balance, September 30, 2020	$20,532	($468,512)	$57,560	($390,420)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 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	1,454	—	(46,826)	(45,372)
Amounts reclassified from accumulated other comprehensive income (loss)	(31,232)	53,903	(131)	22,540
Net other comprehensive income (loss) for the period	(29,778)	53,903	(46,957)	(22,832)
Ending balance, September 30, 2021	($1,059)	($480,673)	$9,693	($472,039)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 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	42,256	34,349	40,439	117,044
Amounts reclassified from accumulated other comprehensive income (loss)	(105,930)	54,211	(8,825)	(60,544)
Net other comprehensive income (loss) for the period	(63,674)	88,560	31,614	56,500
Ending balance, September 30, 2020	$20,532	($468,512)	$57,560	($390,420)

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

	Pension and Other Postretirement Liabilities
	2021	2020
	(In Thousands)
Beginning balance, July 1,	$4,508	$13,084
Amounts reclassified from accumulated other comprehensive income (loss)	(131)	(800)
Net other comprehensive income (loss) for the period	(131)	(800)
Ending balance, September 30,	$4,377	$12,284

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the nine months ended September 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)	50	(2,328)
Net other comprehensive income (loss) for the period	50	7,722
Ending balance, September 30,	$4,377	$12,284

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the three months ended September 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	$—	$14,724	Competitive business operating revenues
Interest rate swaps	(48)	(48)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(48)	14,676
Income taxes	10	(3,082)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	($38)	$11,594
Pension and other postretirement liabilities
Amortization of prior-service credit	$5,248	$5,682	(a)
Amortization of loss	(13,490)	(27,620)	(a)
Settlement loss	(3,192)	(196)	(a)
Total amortization	(11,434)	(22,134)
Income taxes	2,596	4,697	Income taxes
Total amortization (net of tax)	($8,838)	($17,437)
Net unrealized investment gain (loss)
Realized gain (loss)	($17)	$4,550	Interest and investment income
Income taxes	6	(1,674)	Income taxes
Total realized investment gain (loss) (net of tax)	($11)	$2,876
Total reclassifications for the period (net of tax)	($8,887)	($2,967)

(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 nine months ended September 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	$134,233	Competitive business operating revenues
Interest rate swaps	(145)	(145)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	39,534	134,088
Income taxes	(8,302)	(28,158)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	$31,232	$105,930
Pension and other postretirement liabilities
Amortization of prior-service credit	$15,744	$15,083	(a)
Amortization of loss	(75,553)	(82,561)	(a)
Settlement loss	(9,235)	(196)	(a)
Total amortization	(69,044)	(67,674)
Income taxes	15,141	13,463	Income taxes
Total amortization (net of tax)	($53,903)	($54,211)
Net unrealized investment gain (loss)
Realized gain (loss)	$207	$13,963	Interest and investment income
Income taxes	(76)	(5,138)	Income taxes
Total realized investment gain (loss) (net of tax)	$131	$8,825
Total reclassifications for the period (net of tax)	($22,540)	$60,544

(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 Louisiana for the three months ended September 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	$1,695	(a)
Amortization of loss	(519)	(417)	(a)
Settlement loss	(534)	(196)	(a)
Total amortization	177	1,082
Income taxes	(46)	(282)	Income taxes
Total amortization (net of tax)	131	800
Total reclassifications for the period (net of tax)	$131	$800

(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 Louisiana for the nine months ended September 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	$3,690	$4,479	(a)
Amortization of loss	(1,824)	(1,137)	(a)
Settlement loss	(1,934)	(196)	(a)
Total amortization	(68)	3,146
Income taxes	18	(818)	Income taxes
Total amortization (net of tax)	(50)	2,328
Total reclassifications for the period (net of tax)	($50)	$2,328

(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.

Preferred Stock

In May 2021, Entergy’s certificate of incorporation was amended and restated to provide authority to issue up to 1,000,000 shares of preferred stock, no par value per share, and to decrease from 500,000,000 to 499,000,000 the number of shares of common stock, par value of $0.01 per share, authorized for issuance. As of September 30, 2021, no preferred stock has been issued.

Entergy Louisiana [Member]

Equity

EQUITY (Entergy Corporation and Entergy Louisiana)

Common Stock

Earnings per Share

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

	For the Three Months Ended September 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	$531.0	201.0	$2.64	$521.1	200.2	$2.60
Average dilutive effect of:
Stock options		0.4	—		0.4	—
Other equity plans		0.6	(0.01)		0.5	(0.01)
Diluted earnings per share	$531.0	202.0	$2.63	$521.1	201.1	$2.59

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.0 million for the three months ended September 30, 2021 and approximately 0.5 million for the three months ended September 30, 2020.

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

	For the Nine Months Ended September 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	$859.6	200.8	$4.28	$1,000.4	200.1	$5.00
Average dilutive effect of:
Stock options		0.4	(0.01)		0.4	(0.01)
Other equity plans		0.4	(0.01)		0.5	(0.01)
Diluted earnings per share	$859.6	201.6	$4.26	$1,000.4	201.0	$4.98

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.0 million for the nine months ended September 30, 2021 and approximately 0.5 million for the nine months ended September 30, 2020.

Entergy’s stock options and other equity compensation plans are discussed in Note 5 to the financial statements herein and in Note 12 to the financial statements in the Form 10-K.

Dividends declared per common share were $0.95 for the three months ended September 30, 2021 and $0.93 for the three months ended September 30, 2020. Dividends declared per common share were $2.85 for the nine months ended September 30, 2021 and $2.79 for the nine months ended September 30, 2020.

Equity Distribution Program

In January 2021, Entergy entered into an equity distribution sales agreement with several counterparties establishing an at the market equity distribution program, pursuant to which Entergy may offer and sell from time to time shares of its common stock. The sales agreement provides that, in addition to the issuance and sale of shares of Entergy common stock, Entergy may enter into forward sale agreements for the sale of its common stock. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $1 billion.

For the three months ended September 30, 2021, there were no shares of common stock issued under the at the market equity distribution program. During the nine months ended September 30, 2021, Entergy Corporation issued 265,468 shares of common stock under the at the market equity distribution program. The net sales proceeds from these shares totaled $26.8 million, which includes the gross sales price of $28.2 million received by Entergy Corporation less $1.1 million of general issuance costs and $0.3 million of aggregate compensation to the agents with respect to such sales.

In June 2021, Entergy entered into a forward sale agreement for 416,853 shares of common stock. No amounts have or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlements of the equity forward sale agreement occur. The forward sale agreement requires Entergy to, at its election prior to September 30, 2022, either (i) physically settle the transactions by issuing the total of 416,853 shares of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the agreement (initially approximately $106.87 per share) or (ii) net settle the transaction in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreement. In connection with the forward sale agreement, the forward seller, or its affiliates, borrowed from third parties and sold 416,853 shares of Entergy Corporation’s common stock. The gross sales price of these shares totaled $45 million. In connection with the sales of these shares, Entergy paid to the agents fees of $0.5 million, which have not been deducted from the gross sales price. Entergy did not receive any proceeds from such sales of borrowed shares.

In August and October 2021, Entergy entered into forward sale agreements for 1,692,555 and 250,743 shares of common stock, respectively. No amounts have or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlements of the equity forward sale agreements occur. In each case, the forward sale agreement requires Entergy to, at its election prior to September 30, 2022, either (i) physically settle the transactions by issuing the total of 1,692,555 and 250,743 shares, respectively, of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the respective forward sale agreement (initially approximately $111.16 and $100.35 per share, respectively) or (ii) net settle the transaction in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the respective forward sale agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold 1,692,555 and 250,743 shares, respectively, of Entergy Corporation’s common stock. The gross sales price of these shares totaled $190.1 million and $25.4 million, respectively. In connection with the sales of these shares, Entergy paid to the agents fees of $1.9 million and $0.3 million, respectively, which have not been deducted from the gross sales prices. Entergy did not receive any proceeds from such sales of borrowed shares.

Until settlement of the forward sale agreement, earnings per share dilution resulting from the agreement, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price. For the three and nine months ended September 30, 2021, shares under the forward sale agreement were not included in the calculation of diluted common shares outstanding because their effect would have been antidilutive.

Treasury Stock

During the nine months ended September 30, 2021, Entergy Corporation issued 465,135 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards.  Entergy Corporation did not repurchase any of its common stock during the nine months ended September 30, 2021.

Retained Earnings

On October 29, 2021, Entergy Corporation’s Board of Directors declared a common stock dividend of $1.01 per share, payable on December 1, 2021, to holders of record as of November 15, 2021.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 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, July 1, 2021	($1,083)	($489,511)	$11,855	($478,739)
Other comprehensive income (loss) before reclassifications	(14)	—	(2,173)	(2,187)
Amounts reclassified from accumulated other comprehensive income (loss)	38	8,838	11	8,887
Net other comprehensive income (loss) for the period	24	8,838	(2,162)	6,700
Ending balance, September 30, 2021	($1,059)	($480,673)	$9,693	($472,039)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 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, July 1, 2020	$37,090	($485,949)	$60,255	($388,604)
Other comprehensive income (loss) before reclassifications	(4,964)	—	181	(4,783)
Amounts reclassified from accumulated other comprehensive income (loss)	(11,594)	17,437	(2,876)	2,967
Net other comprehensive income (loss) for the period	(16,558)	17,437	(2,695)	(1,816)
Ending balance, September 30, 2020	$20,532	($468,512)	$57,560	($390,420)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 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	1,454	—	(46,826)	(45,372)
Amounts reclassified from accumulated other comprehensive income (loss)	(31,232)	53,903	(131)	22,540
Net other comprehensive income (loss) for the period	(29,778)	53,903	(46,957)	(22,832)
Ending balance, September 30, 2021	($1,059)	($480,673)	$9,693	($472,039)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 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	42,256	34,349	40,439	117,044
Amounts reclassified from accumulated other comprehensive income (loss)	(105,930)	54,211	(8,825)	(60,544)
Net other comprehensive income (loss) for the period	(63,674)	88,560	31,614	56,500
Ending balance, September 30, 2020	$20,532	($468,512)	$57,560	($390,420)

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

	Pension and Other Postretirement Liabilities
	2021	2020
	(In Thousands)
Beginning balance, July 1,	$4,508	$13,084
Amounts reclassified from accumulated other comprehensive income (loss)	(131)	(800)
Net other comprehensive income (loss) for the period	(131)	(800)
Ending balance, September 30,	$4,377	$12,284

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the nine months ended September 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)	50	(2,328)
Net other comprehensive income (loss) for the period	50	7,722
Ending balance, September 30,	$4,377	$12,284

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the three months ended September 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	$—	$14,724	Competitive business operating revenues
Interest rate swaps	(48)	(48)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(48)	14,676
Income taxes	10	(3,082)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	($38)	$11,594
Pension and other postretirement liabilities
Amortization of prior-service credit	$5,248	$5,682	(a)
Amortization of loss	(13,490)	(27,620)	(a)
Settlement loss	(3,192)	(196)	(a)
Total amortization	(11,434)	(22,134)
Income taxes	2,596	4,697	Income taxes
Total amortization (net of tax)	($8,838)	($17,437)
Net unrealized investment gain (loss)
Realized gain (loss)	($17)	$4,550	Interest and investment income
Income taxes	6	(1,674)	Income taxes
Total realized investment gain (loss) (net of tax)	($11)	$2,876
Total reclassifications for the period (net of tax)	($8,887)	($2,967)

(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 nine months ended September 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	$134,233	Competitive business operating revenues
Interest rate swaps	(145)	(145)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	39,534	134,088
Income taxes	(8,302)	(28,158)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	$31,232	$105,930
Pension and other postretirement liabilities
Amortization of prior-service credit	$15,744	$15,083	(a)
Amortization of loss	(75,553)	(82,561)	(a)
Settlement loss	(9,235)	(196)	(a)
Total amortization	(69,044)	(67,674)
Income taxes	15,141	13,463	Income taxes
Total amortization (net of tax)	($53,903)	($54,211)
Net unrealized investment gain (loss)
Realized gain (loss)	$207	$13,963	Interest and investment income
Income taxes	(76)	(5,138)	Income taxes
Total realized investment gain (loss) (net of tax)	$131	$8,825
Total reclassifications for the period (net of tax)	($22,540)	$60,544

(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 Louisiana for the three months ended September 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	$1,695	(a)
Amortization of loss	(519)	(417)	(a)
Settlement loss	(534)	(196)	(a)
Total amortization	177	1,082
Income taxes	(46)	(282)	Income taxes
Total amortization (net of tax)	131	800
Total reclassifications for the period (net of tax)	$131	$800

(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 Louisiana for the nine months ended September 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	$3,690	$4,479	(a)
Amortization of loss	(1,824)	(1,137)	(a)
Settlement loss	(1,934)	(196)	(a)
Total amortization	(68)	3,146
Income taxes	18	(818)	Income taxes
Total amortization (net of tax)	(50)	2,328
Total reclassifications for the period (net of tax)	($50)	$2,328

(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.

Preferred Stock

In May 2021, Entergy’s certificate of incorporation was amended and restated to provide authority to issue up to 1,000,000 shares of preferred stock, no par value per share, and to decrease from 500,000,000 to 499,000,000 the number of shares of common stock, par value of $0.01 per share, authorized for issuance. As of September 30, 2021, no preferred stock has been issued.