Equity

3 Months Ended

Mar. 31, 2013

Equity

NOTE 3.  EQUITY  (Entergy Corporation, Entergy Gulf States Louisiana, and Entergy Louisiana)

Common Stock

Earnings per Share

The following tables present Entergy's basic and diluted earnings per share calculations included on the consolidated income statements:

	For the Three Months Ended March 31,
	2013			2012
	(In Millions, Except Per Share Data)
Basic earnings per share	Income	Shares	$/share	Income	Shares	$/share
Net income attributable to Entergy Corporation	$161.4	178.0	$0.91	($151.7)	176.9	($0.86)
Average dilutive effect of:
Stock options		0.1	-		0.5	-
Other equity plans		0.3	(0.01)		-	-
Diluted earnings per share	$161.4	178.4	$0.90	($151.7)	177.4	($0.86)

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

Treasury Stock

            During the three months ended March 31, 2013, Entergy Corporation issued 288,420 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 three months ended March 31, 2013.

Retained Earnings

            On April 17, 2013, Entergy Corporation's Board of Directors declared a common stock dividend of $0.83 per share, payable on June 3, 2013 to holders of record as of May 9, 2013.  

Comprehensive Income

            Accumulated other comprehensive loss is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana.  The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended March 31, 2013 by component:

	Cash flow hedges net unrealized gain	Pension and other postretirement liabilities	Net unrealized investment gains	Foreign currency translation	Total Accumulated Other Comprehensive Loss
	(In Thousands)
Beginning balance, December 31, 2012	$79,905	($590,712)	$214,547	$3,177	($293,083)
Other comprehensive income (loss)       before reclassifications	(77,561)	-	57,372	(772)	(20,961)
Amounts reclassified from       accumulated other comprehensive       income (loss)	1,586	9,795	(995)	-	10,386
Net other comprehensive income (loss) for the period	(75,975)	9,795	56,377	(772)	(10,575)
Ending balance, March 31, 2013	$3,930	($580,917)	$270,924	$2,405	($303,658)

            The following table presents changes in accumulated other comprehensive loss for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended March 31, 2013:

	Pension and Other Postretirement Liabilities
	Entergy Gulf States Louisiana	Entergy Louisiana
	(In Thousands)
Beginning balance, December 31, 2012	($65,229)	($46,132)
Other comprehensive income before reclassifications	-	-
Amounts reclassified from accumulated other      comprehensive loss	955	678
Net other comprehensive income for the period	955	678
Ending balance, March 31, 2013	($64,274)	($45,454)

           Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy for the three months ended March 31, 2013 are as follows:

	Amounts reclassified from AOCI	Income Statement Location
	(In Thousands)
Cash flow hedges net unrealized gain
Power contracts	($2,117)	Competitive business operating revenues
Interest rate swaps	(405)	Miscellaneous - net
Total realized losses on cash flow hedges	(2,522)
	936	Income taxes
Total realized losses on cash flow hedges (net of tax)	($1,586)
Pension and other postretirement liabilities
Amortization of prior-service costs	2,384	(a)
Amortization of loss	(18,048)	(a)
Total amortization	(15,664)
	5,869	Income taxes
Total amortization (net of tax)	($9,795)
Net unrealized investment gains
Realized gains (net of tax expense of $956)	$995	Interest and investment income
Total reclassifications for the period (net of tax)	($10,386)

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

            Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended March 31, 2013 are as follows:

	Amounts reclassified from AOCI
	Entergy Gulf States Louisiana	Entergy Louisiana	Income Statement Location
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs	$206	$62	(a)
Amortization of loss	(1,947)	(1,287)	(a)
Total amortization	(1,741)	(1,225)
	786	547	Income taxes
Total amortization (net of tax)	(955)	(678)
Total reclassifications for the period (net of tax)	($955)	($678)

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

Entergy Gulf States Louisiana [Member]

Equity

NOTE 3.  EQUITY  (Entergy Corporation, Entergy Gulf States Louisiana, and Entergy Louisiana)

Common Stock

Earnings per Share

The following tables present Entergy's basic and diluted earnings per share calculations included on the consolidated income statements:

	For the Three Months Ended March 31,
	2013			2012
	(In Millions, Except Per Share Data)
Basic earnings per share	Income	Shares	$/share	Income	Shares	$/share
Net income attributable to Entergy Corporation	$161.4	178.0	$0.91	($151.7)	176.9	($0.86)
Average dilutive effect of:
Stock options		0.1	-		0.5	-
Other equity plans		0.3	(0.01)		-	-
Diluted earnings per share	$161.4	178.4	$0.90	($151.7)	177.4	($0.86)

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

Treasury Stock

            During the three months ended March 31, 2013, Entergy Corporation issued 288,420 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 three months ended March 31, 2013.

Retained Earnings

            On April 17, 2013, Entergy Corporation's Board of Directors declared a common stock dividend of $0.83 per share, payable on June 3, 2013 to holders of record as of May 9, 2013.  

Comprehensive Income

            Accumulated other comprehensive loss is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana.  The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended March 31, 2013 by component:

	Cash flow hedges net unrealized gain	Pension and other postretirement liabilities	Net unrealized investment gains	Foreign currency translation	Total Accumulated Other Comprehensive Loss
	(In Thousands)
Beginning balance, December 31, 2012	$79,905	($590,712)	$214,547	$3,177	($293,083)
Other comprehensive income (loss)       before reclassifications	(77,561)	-	57,372	(772)	(20,961)
Amounts reclassified from       accumulated other comprehensive       income (loss)	1,586	9,795	(995)	-	10,386
Net other comprehensive income (loss) for the period	(75,975)	9,795	56,377	(772)	(10,575)
Ending balance, March 31, 2013	$3,930	($580,917)	$270,924	$2,405	($303,658)

            The following table presents changes in accumulated other comprehensive loss for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended March 31, 2013:

	Pension and Other Postretirement Liabilities
	Entergy Gulf States Louisiana	Entergy Louisiana
	(In Thousands)
Beginning balance, December 31, 2012	($65,229)	($46,132)
Other comprehensive income before reclassifications	-	-
Amounts reclassified from accumulated other      comprehensive loss	955	678
Net other comprehensive income for the period	955	678
Ending balance, March 31, 2013	($64,274)	($45,454)

           Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy for the three months ended March 31, 2013 are as follows:

	Amounts reclassified from AOCI	Income Statement Location
	(In Thousands)
Cash flow hedges net unrealized gain
Power contracts	($2,117)	Competitive business operating revenues
Interest rate swaps	(405)	Miscellaneous - net
Total realized losses on cash flow hedges	(2,522)
	936	Income taxes
Total realized losses on cash flow hedges (net of tax)	($1,586)
Pension and other postretirement liabilities
Amortization of prior-service costs	2,384	(a)
Amortization of loss	(18,048)	(a)
Total amortization	(15,664)
	5,869	Income taxes
Total amortization (net of tax)	($9,795)
Net unrealized investment gains
Realized gains (net of tax expense of $956)	$995	Interest and investment income
Total reclassifications for the period (net of tax)	($10,386)

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

            Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended March 31, 2013 are as follows:

	Amounts reclassified from AOCI
	Entergy Gulf States Louisiana	Entergy Louisiana	Income Statement Location
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs	$206	$62	(a)
Amortization of loss	(1,947)	(1,287)	(a)
Total amortization	(1,741)	(1,225)
	786	547	Income taxes
Total amortization (net of tax)	(955)	(678)
Total reclassifications for the period (net of tax)	($955)	($678)

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

Entergy Louisiana [Member]

Equity

NOTE 3.  EQUITY  (Entergy Corporation, Entergy Gulf States Louisiana, and Entergy Louisiana)

Common Stock

Earnings per Share

The following tables present Entergy's basic and diluted earnings per share calculations included on the consolidated income statements:

	For the Three Months Ended March 31,
	2013			2012
	(In Millions, Except Per Share Data)
Basic earnings per share	Income	Shares	$/share	Income	Shares	$/share
Net income attributable to Entergy Corporation	$161.4	178.0	$0.91	($151.7)	176.9	($0.86)
Average dilutive effect of:
Stock options		0.1	-		0.5	-
Other equity plans		0.3	(0.01)		-	-
Diluted earnings per share	$161.4	178.4	$0.90	($151.7)	177.4	($0.86)

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

Treasury Stock

            During the three months ended March 31, 2013, Entergy Corporation issued 288,420 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 three months ended March 31, 2013.

Retained Earnings

            On April 17, 2013, Entergy Corporation's Board of Directors declared a common stock dividend of $0.83 per share, payable on June 3, 2013 to holders of record as of May 9, 2013.  

Comprehensive Income

            Accumulated other comprehensive loss is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana.  The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended March 31, 2013 by component:

	Cash flow hedges net unrealized gain	Pension and other postretirement liabilities	Net unrealized investment gains	Foreign currency translation	Total Accumulated Other Comprehensive Loss
	(In Thousands)
Beginning balance, December 31, 2012	$79,905	($590,712)	$214,547	$3,177	($293,083)
Other comprehensive income (loss)       before reclassifications	(77,561)	-	57,372	(772)	(20,961)
Amounts reclassified from       accumulated other comprehensive       income (loss)	1,586	9,795	(995)	-	10,386
Net other comprehensive income (loss) for the period	(75,975)	9,795	56,377	(772)	(10,575)
Ending balance, March 31, 2013	$3,930	($580,917)	$270,924	$2,405	($303,658)

            The following table presents changes in accumulated other comprehensive loss for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended March 31, 2013:

	Pension and Other Postretirement Liabilities
	Entergy Gulf States Louisiana	Entergy Louisiana
	(In Thousands)
Beginning balance, December 31, 2012	($65,229)	($46,132)
Other comprehensive income before reclassifications	-	-
Amounts reclassified from accumulated other      comprehensive loss	955	678
Net other comprehensive income for the period	955	678
Ending balance, March 31, 2013	($64,274)	($45,454)

           Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy for the three months ended March 31, 2013 are as follows:

	Amounts reclassified from AOCI	Income Statement Location
	(In Thousands)
Cash flow hedges net unrealized gain
Power contracts	($2,117)	Competitive business operating revenues
Interest rate swaps	(405)	Miscellaneous - net
Total realized losses on cash flow hedges	(2,522)
	936	Income taxes
Total realized losses on cash flow hedges (net of tax)	($1,586)
Pension and other postretirement liabilities
Amortization of prior-service costs	2,384	(a)
Amortization of loss	(18,048)	(a)
Total amortization	(15,664)
	5,869	Income taxes
Total amortization (net of tax)	($9,795)
Net unrealized investment gains
Realized gains (net of tax expense of $956)	$995	Interest and investment income
Total reclassifications for the period (net of tax)	($10,386)

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

            Total reclassifications out of accumulated other comprehensive loss (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended March 31, 2013 are as follows:

	Amounts reclassified from AOCI
	Entergy Gulf States Louisiana	Entergy Louisiana	Income Statement Location
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs	$206	$62	(a)
Amortization of loss	(1,947)	(1,287)	(a)
Total amortization	(1,741)	(1,225)
	786	547	Income taxes
Total amortization (net of tax)	(955)	(678)
Total reclassifications for the period (net of tax)	($955)	($678)

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