|
Equity
|
9 Months Ended |
|
Sep. 30, 2014
|
| Equity |
EQUITY (Entergy Corporation, Entergy Gulf States Louisiana, 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, | | 2014 | | 2013 | | (In Millions, Except Per Share Data) | Basic earnings per share | Income | | Shares | | $/share | | Income | | Shares | | $/share | Net income attributable to Entergy Corporation |
| $230.0 |
| | 179.6 |
| |
| $1.28 |
| |
| $239.9 |
| | 178.3 |
| |
| $1.35 |
| Average dilutive effect of: | | | | | | | | | | | | Stock options | | | 0.3 |
| | — |
| | | | 0.1 |
| | — |
| Other equity plans | | | 0.6 |
| | (0.01 | ) | | | | 0.3 |
| | (0.01 | ) | Diluted earnings per share |
| $230.0 |
| | 180.5 |
| |
| $1.27 |
| |
| $239.9 |
| | 178.7 |
| |
| $1.34 |
|
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 5.2 million for the three months ended September 30, 2014 and approximately 8.8 million for the three months ended September 30, 2013.
| | | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, | | 2014 | | 2013 | | (In Millions, Except Per Share Data) | Basic earnings per share | Income | | Shares | | $/share | | Income | | Shares | | $/share | Net income attributable to Entergy Corporation |
| $820.6 |
| | 179.3 |
| |
| $4.58 |
| |
| $565.0 |
| | 178.2 |
| |
| $3.17 |
| Average dilutive effect of: | | | | | | | | | | | | Stock options | | | 0.2 |
| | (0.01 | ) | | | | 0.1 |
| | — |
| Other equity plans | | | 0.4 |
| | (0.01 | ) | | | | 0.2 |
| | (0.01 | ) | Diluted earnings per share |
| $820.6 |
| | 179.9 |
| |
| $4.56 |
| |
| $565.0 |
| | 178.5 |
| |
| $3.16 |
|
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 6.6 million for the nine months ended September 30, 2014 and approximately 8.9 million for the nine months ended September 30, 2013.
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.
Treasury Stock
During the nine months ended September 30, 2014, Entergy Corporation issued 1,527,010 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards. During the nine months ended September 30, 2014, Entergy Corporation repurchased 248,190 shares of its common stock for a total purchase price of $18.3 million.
Retained Earnings
On October 31, 2014, Entergy Corporation’s Board of Directors declared a common stock dividend of $0.83 per share, payable on December 1, 2014 to holders of record as of November 13, 2014.
Comprehensive Income
Accumulated other comprehensive income (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 September 30, 2014 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, June 30, 2014 |
| ($74,767 | ) | |
| ($297,460 | ) | |
| $399,480 |
| |
| $3,815 |
| |
| $31,068 |
| Other comprehensive income (loss) before reclassifications | 5,783 |
| | — |
| | (9,475 | ) | | (662 | ) | | (4,354 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | (8,271 | ) | | 2,956 |
| | (1,015 | ) | | — |
| | (6,330 | ) | Net other comprehensive income (loss) for the period | (2,488 | ) | | 2,956 |
| | (10,490 | ) | | (662 | ) | | (10,684 | ) | Ending balance, September 30, 2014 |
| ($77,255 | ) | |
| ($294,504 | ) | |
| $388,990 |
| |
| $3,153 |
| |
| $20,384 |
|
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 30, 2013 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, June 30, 2013 |
| $31,520 |
| |
| ($571,138 | ) | |
| $262,891 |
| |
| $2,424 |
| |
| ($274,303 | ) | Other comprehensive income (loss) before reclassifications | (9,838 | ) | | — |
| | 45,647 |
| | 706 |
| | 36,515 |
| Amounts reclassified from accumulated other comprehensive income (loss) | (21,825 | ) | | 15,430 |
| | 653 |
| | — |
| | (5,742 | ) | Net other comprehensive income (loss) for the period | (31,663 | ) | | 15,430 |
| | 46,300 |
| | 706 |
| | 30,773 |
| Ending balance, September 30, 2013 |
| ($143 | ) | |
| ($555,708 | ) | |
| $309,191 |
| |
| $3,130 |
| |
| ($243,530 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2014 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, December 31, 2013 |
| ($81,777 | ) | |
| ($288,223 | ) | |
| $337,256 |
| |
| $3,420 |
| |
| ($29,324 | ) | Other comprehensive income (loss) before reclassifications | (114,587 | ) | | — |
| | 56,056 |
| | (267 | ) | | (58,798 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 119,109 |
| | (6,281 | ) | | (4,322 | ) | | — |
| | 108,506 |
| Net other comprehensive income (loss) for the period | 4,522 |
| | (6,281 | ) | | 51,734 |
| | (267 | ) | | 49,708 |
| Ending balance, September 30, 2014 |
| ($77,255 | ) | |
| ($294,504 | ) | |
| $388,990 |
| |
| $3,153 |
| |
| $20,384 |
|
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2013 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, December 31, 2012 |
| $79,905 |
| |
| ($590,712 | ) | |
| $214,547 |
| |
| $3,177 |
| |
| ($293,083 | ) | Other comprehensive income (loss) before reclassifications | (57,376 | ) | | — |
| | 95,843 |
| | (47 | ) | | 38,420 |
| Amounts reclassified from accumulated other comprehensive income (loss) | (22,672 | ) | | 35,004 |
| | (1,199 | ) | | — |
| | 11,133 |
| Net other comprehensive income (loss) for the period | (80,048 | ) | | 35,004 |
| | 94,644 |
| | (47 | ) | | 49,553 |
| Ending balance, September 30, 2013 |
| ($143 | ) | |
| ($555,708 | ) | |
| $309,191 |
| |
| $3,130 |
| |
| ($243,530 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 2014: | | | | | | | | | | Pension and Other
Postretirement Liabilities | | Entergy
Gulf States
Louisiana | | Entergy
Louisiana | | (In Thousands) | Beginning balance June 30, 2014 |
| ($27,943 | ) | |
| ($10,224 | ) | Amounts reclassified from accumulated other
comprehensive income (loss) | 137 |
| | (287 | ) | Net other comprehensive income (loss) for the period | 137 |
| | (287 | ) | Ending balance, September 30, 2014 |
| ($27,806 | ) | |
| ($10,511 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 2013: | | | | | | | | | | Pension and Other Postretirement Liabilities | | Entergy Gulf States Louisiana |
| Entergy Louisiana | | (In Thousands) | Beginning balance June 30, 2013 |
| ($63,312 | ) |
|
| ($44,771 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 963 |
|
| 684 |
| Net other comprehensive income (loss) for the period | 963 |
|
| 684 |
| Ending balance, September 30, 2013 |
| ($62,349 | ) |
|
| ($44,087 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 2014: | | | | | | | | | | Pension and Other
Postretirement Liabilities | | Entergy
Gulf States
Louisiana | | Entergy
Louisiana | | (In Thousands) | Beginning balance, December 31, 2013 |
| ($28,202 | ) | |
| ($9,635 | ) | Amounts reclassified from accumulated other
comprehensive income (loss) | 396 |
| | (876 | ) | Net other comprehensive income (loss) for the period | 396 |
| | (876 | ) | Ending balance, September 30, 2014 |
| ($27,806 | ) | |
| ($10,511 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 2013: | | | | | | | | | | Pension and Other Postretirement Liabilities | | Entergy Gulf States Louisiana | | Entergy Louisiana | | (In Thousands) | Beginning balance, December 31, 2012 |
| ($65,229 | ) | |
| ($46,132 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 2,880 |
| | 2,045 |
| Net other comprehensive income (loss) for the period | 2,880 |
| | 2,045 |
| Ending balance, September 30, 2013 |
| ($62,349 | ) | |
| ($44,087 | ) |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended September 30, 2014 are as follows: | | | | | | | | Amounts reclassified from AOCI | | Income Statement Location | | (In Thousands) | | | Cash flow hedges net unrealized gain (loss) | | | | Power contracts |
| $13,000 |
| | Competitive business operating revenues | Interest rate swaps | (275 | ) | | Miscellaneous - net | Total realized gain (loss) on cash flow hedges | 12,725 |
| | | | (4,454 | ) | | Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| $8,271 |
| | | | | | | Pension and other postretirement liabilities | | | | Amortization of prior-service costs |
| $5,074 |
| | (a) | Amortization of loss | (8,952 | ) | | (a) | Settlement loss | (423 | ) | | (a) | Total amortization | (4,301 | ) | | | | 1,345 |
| | Income taxes | Total amortization (net of tax) |
| ($2,956 | ) | | | | | | | Net unrealized investment gain (loss) | | | | Realized gain (loss) |
| $1,990 |
| | Interest and investment income | | (975 | ) | | Income taxes | Total realized investment gain (loss) (net of tax) |
| $1,015 |
| | | | | | | Total reclassifications for the period (net of tax) |
| $6,330 |
| | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended September 30, 2013 are as follows: | | | | | | |
| Amounts reclassified from AOCI |
| Income Statement Location |
| (In Thousands) |
|
| Cash flow hedges net unrealized gain (loss) |
|
|
| Power contracts |
| $35,325 |
|
| Competitive business operating revenues | Interest rate swaps | (389 | ) |
| Miscellaneous - net | Total realized gain (loss) on cash flow hedges | 34,936 |
|
|
|
| (13,111 | ) |
| Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| $21,825 |
|
|
|
|
|
|
|
| Pension and other postretirement liabilities |
|
|
|
| Amortization of prior-service costs |
| $2,414 |
|
| (a) | Amortization of loss | (17,179 | ) |
| (a) | Curtailment loss | (1,304 | ) |
| (a) | Settlement loss | (9,662 | ) |
| (a) | Total amortization | (25,731 | ) |
|
|
| 10,301 |
|
| Income taxes | Total amortization (net of tax) |
| ($15,430 | ) |
|
|
|
|
|
| Net unrealized investment gain (loss) |
|
|
| Realized gain (loss) |
| ($1,280 | ) |
| Interest and investment income |
| 627 |
|
| Income taxes | Total realized investment gain (loss) (net of tax) |
| ($653 | ) |
|
|
|
|
|
|
| Total reclassifications for the period (net of tax) |
| $5,742 |
|
|
|
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the nine months ended September 30, 2014 are as follows: | | | | | | |
| Amounts
reclassified
from
AOCI |
| Income Statement Location |
| (In Thousands) |
|
| Cash flow hedges net unrealized gain (loss) |
|
|
| Power contracts |
| ($182,275 | ) |
| Competitive business operating revenues | Interest rate swaps | (970 | ) |
| Miscellaneous - net | Total realized gain (loss) on cash flow hedges | (183,245 | ) |
|
|
| 64,136 |
|
| Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| ($119,109 | ) |
|
|
|
|
|
|
| Pension and other postretirement liabilities |
|
|
|
| Amortization of prior-service costs |
| $15,227 |
|
| (a) | Amortization of loss | (26,903 | ) |
| (a) | Settlement loss | (2,971 | ) |
| (a) | Total amortization | (14,647 | ) |
|
|
| 20,928 |
|
| Income taxes | Total amortization (net of tax) |
| $6,281 |
|
|
|
|
|
|
| Net unrealized investment gain (loss) |
|
|
| Realized gain (loss) |
| $8,474 |
|
| Interest and investment income |
| (4,152 | ) |
| Income taxes | Total realized investment gain (loss) (net of tax) |
| $4,322 |
|
|
|
|
|
|
|
| Total reclassifications for the period (net of tax) |
| ($108,506 | ) |
|
|
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the nine months ended September 30, 2013 are as follows: | | | | | | | | Amounts
reclassified
from
AOCI | | Income Statement Location | | (In Thousands) | | | Cash flow hedges net unrealized gain (loss) | | | | Power contracts |
| $37,518 |
| | Competitive business operating revenues | Interest rate swaps | (1,193 | ) | | Miscellaneous - net | Total realized gain (loss) on cash flow hedges | 36,325 |
| | | | (13,653 | ) | | Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| $22,672 |
| | | | | | | Pension and other postretirement liabilities | | | | Amortization of prior-service costs |
| $7,175 |
| | (a) | Amortization of loss | (53,268 | ) | | (a) | Curtailment loss | (1,304 | ) | | (a) | Settlement loss | (9,662 | ) | | (a) | Total amortization | (57,059 | ) | | | | 22,055 |
| | Income taxes | Total amortization (net of tax) |
| ($35,004 | ) | | | | | | | Net unrealized investment gain (loss) | | | | Realized gain (loss) |
| $2,351 |
| | Interest and investment income | | (1,152 | ) | | Income taxes | Total realized investment gain (loss) (net of tax) |
| $1,199 |
| | | | | | | Total reclassifications for the period (net of tax) |
| ($11,133 | ) | | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 2014 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 |
| $559 |
| |
| $844 |
| | (a) | Amortization of loss | (782 | ) | | (378 | ) | | (a) | Total amortization | (223 | ) | | 466 |
| | | | 86 |
| | (179 | ) | | Income tax expense (benefit) | Total amortization (net of tax) | (137 | ) | | 287 |
| | | | | | | | | Total reclassifications for the period (net of tax) |
| ($137 | ) | |
| $287 |
| | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 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 | ) |
| (1,288 | ) |
| (a) | Total amortization | (1,741 | ) |
| (1,226 | ) |
|
|
| 778 |
|
| 542 |
|
| Income tax expense | Total amortization (net of tax) | (963 | ) |
| (684 | ) |
|
|
|
|
|
|
|
|
|
| Total reclassifications for the period (net of tax) |
| ($963 | ) |
|
| ($684 | ) |
|
|
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 2014 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 |
| $1,677 |
| |
| $2,533 |
| | (a) | Amortization of loss | (2,345 | ) | | (1,134 | ) | | (a) | Total amortization | (668 | ) | | 1,399 |
| | | | 272 |
| | (523 | ) | | Income tax expense (benefit) | Total amortization (net of tax) | (396 | ) | | 876 |
| | | | | | | | | Total reclassifications for the period (net of tax) |
| ($396 | ) | |
| $876 |
| | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 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 |
| $617 |
| |
| $186 |
| | (a) | Amortization of loss | (5,839 | ) | | (3,862 | ) | | (a) | Total amortization | (5,222 | ) | | (3,676 | ) | | | | 2,342 |
| | 1,631 |
| | Income taxes | Total amortization (net of tax) | (2,880 | ) | | (2,045 | ) | | | | | | | | | Total reclassifications for the period (net of tax) |
| ($2,880 | ) | |
| ($2,045 | ) | | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
|
|
Entergy Gulf States Louisiana [Member]
|
|
| Equity |
EQUITY (Entergy Corporation, Entergy Gulf States Louisiana, 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, | | 2014 | | 2013 | | (In Millions, Except Per Share Data) | Basic earnings per share | Income | | Shares | | $/share | | Income | | Shares | | $/share | Net income attributable to Entergy Corporation |
| $230.0 |
| | 179.6 |
| |
| $1.28 |
| |
| $239.9 |
| | 178.3 |
| |
| $1.35 |
| Average dilutive effect of: | | | | | | | | | | | | Stock options | | | 0.3 |
| | — |
| | | | 0.1 |
| | — |
| Other equity plans | | | 0.6 |
| | (0.01 | ) | | | | 0.3 |
| | (0.01 | ) | Diluted earnings per share |
| $230.0 |
| | 180.5 |
| |
| $1.27 |
| |
| $239.9 |
| | 178.7 |
| |
| $1.34 |
|
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 5.2 million for the three months ended September 30, 2014 and approximately 8.8 million for the three months ended September 30, 2013.
| | | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, | | 2014 | | 2013 | | (In Millions, Except Per Share Data) | Basic earnings per share | Income | | Shares | | $/share | | Income | | Shares | | $/share | Net income attributable to Entergy Corporation |
| $820.6 |
| | 179.3 |
| |
| $4.58 |
| |
| $565.0 |
| | 178.2 |
| |
| $3.17 |
| Average dilutive effect of: | | | | | | | | | | | | Stock options | | | 0.2 |
| | (0.01 | ) | | | | 0.1 |
| | — |
| Other equity plans | | | 0.4 |
| | (0.01 | ) | | | | 0.2 |
| | (0.01 | ) | Diluted earnings per share |
| $820.6 |
| | 179.9 |
| |
| $4.56 |
| |
| $565.0 |
| | 178.5 |
| |
| $3.16 |
|
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 6.6 million for the nine months ended September 30, 2014 and approximately 8.9 million for the nine months ended September 30, 2013.
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.
Treasury Stock
During the nine months ended September 30, 2014, Entergy Corporation issued 1,527,010 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards. During the nine months ended September 30, 2014, Entergy Corporation repurchased 248,190 shares of its common stock for a total purchase price of $18.3 million.
Retained Earnings
On October 31, 2014, Entergy Corporation’s Board of Directors declared a common stock dividend of $0.83 per share, payable on December 1, 2014 to holders of record as of November 13, 2014.
Comprehensive Income
Accumulated other comprehensive income (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 September 30, 2014 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, June 30, 2014 |
| ($74,767 | ) | |
| ($297,460 | ) | |
| $399,480 |
| |
| $3,815 |
| |
| $31,068 |
| Other comprehensive income (loss) before reclassifications | 5,783 |
| | — |
| | (9,475 | ) | | (662 | ) | | (4,354 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | (8,271 | ) | | 2,956 |
| | (1,015 | ) | | — |
| | (6,330 | ) | Net other comprehensive income (loss) for the period | (2,488 | ) | | 2,956 |
| | (10,490 | ) | | (662 | ) | | (10,684 | ) | Ending balance, September 30, 2014 |
| ($77,255 | ) | |
| ($294,504 | ) | |
| $388,990 |
| |
| $3,153 |
| |
| $20,384 |
|
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 30, 2013 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, June 30, 2013 |
| $31,520 |
| |
| ($571,138 | ) | |
| $262,891 |
| |
| $2,424 |
| |
| ($274,303 | ) | Other comprehensive income (loss) before reclassifications | (9,838 | ) | | — |
| | 45,647 |
| | 706 |
| | 36,515 |
| Amounts reclassified from accumulated other comprehensive income (loss) | (21,825 | ) | | 15,430 |
| | 653 |
| | — |
| | (5,742 | ) | Net other comprehensive income (loss) for the period | (31,663 | ) | | 15,430 |
| | 46,300 |
| | 706 |
| | 30,773 |
| Ending balance, September 30, 2013 |
| ($143 | ) | |
| ($555,708 | ) | |
| $309,191 |
| |
| $3,130 |
| |
| ($243,530 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2014 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, December 31, 2013 |
| ($81,777 | ) | |
| ($288,223 | ) | |
| $337,256 |
| |
| $3,420 |
| |
| ($29,324 | ) | Other comprehensive income (loss) before reclassifications | (114,587 | ) | | — |
| | 56,056 |
| | (267 | ) | | (58,798 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 119,109 |
| | (6,281 | ) | | (4,322 | ) | | — |
| | 108,506 |
| Net other comprehensive income (loss) for the period | 4,522 |
| | (6,281 | ) | | 51,734 |
| | (267 | ) | | 49,708 |
| Ending balance, September 30, 2014 |
| ($77,255 | ) | |
| ($294,504 | ) | |
| $388,990 |
| |
| $3,153 |
| |
| $20,384 |
|
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2013 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, December 31, 2012 |
| $79,905 |
| |
| ($590,712 | ) | |
| $214,547 |
| |
| $3,177 |
| |
| ($293,083 | ) | Other comprehensive income (loss) before reclassifications | (57,376 | ) | | — |
| | 95,843 |
| | (47 | ) | | 38,420 |
| Amounts reclassified from accumulated other comprehensive income (loss) | (22,672 | ) | | 35,004 |
| | (1,199 | ) | | — |
| | 11,133 |
| Net other comprehensive income (loss) for the period | (80,048 | ) | | 35,004 |
| | 94,644 |
| | (47 | ) | | 49,553 |
| Ending balance, September 30, 2013 |
| ($143 | ) | |
| ($555,708 | ) | |
| $309,191 |
| |
| $3,130 |
| |
| ($243,530 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 2014: | | | | | | | | | | Pension and Other
Postretirement Liabilities | | Entergy
Gulf States
Louisiana | | Entergy
Louisiana | | (In Thousands) | Beginning balance June 30, 2014 |
| ($27,943 | ) | |
| ($10,224 | ) | Amounts reclassified from accumulated other
comprehensive income (loss) | 137 |
| | (287 | ) | Net other comprehensive income (loss) for the period | 137 |
| | (287 | ) | Ending balance, September 30, 2014 |
| ($27,806 | ) | |
| ($10,511 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 2013: | | | | | | | | | | Pension and Other Postretirement Liabilities | | Entergy Gulf States Louisiana |
| Entergy Louisiana | | (In Thousands) | Beginning balance June 30, 2013 |
| ($63,312 | ) |
|
| ($44,771 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 963 |
|
| 684 |
| Net other comprehensive income (loss) for the period | 963 |
|
| 684 |
| Ending balance, September 30, 2013 |
| ($62,349 | ) |
|
| ($44,087 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 2014: | | | | | | | | | | Pension and Other
Postretirement Liabilities | | Entergy
Gulf States
Louisiana | | Entergy
Louisiana | | (In Thousands) | Beginning balance, December 31, 2013 |
| ($28,202 | ) | |
| ($9,635 | ) | Amounts reclassified from accumulated other
comprehensive income (loss) | 396 |
| | (876 | ) | Net other comprehensive income (loss) for the period | 396 |
| | (876 | ) | Ending balance, September 30, 2014 |
| ($27,806 | ) | |
| ($10,511 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 2013: | | | | | | | | | | Pension and Other Postretirement Liabilities | | Entergy Gulf States Louisiana | | Entergy Louisiana | | (In Thousands) | Beginning balance, December 31, 2012 |
| ($65,229 | ) | |
| ($46,132 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 2,880 |
| | 2,045 |
| Net other comprehensive income (loss) for the period | 2,880 |
| | 2,045 |
| Ending balance, September 30, 2013 |
| ($62,349 | ) | |
| ($44,087 | ) |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended September 30, 2014 are as follows: | | | | | | | | Amounts reclassified from AOCI | | Income Statement Location | | (In Thousands) | | | Cash flow hedges net unrealized gain (loss) | | | | Power contracts |
| $13,000 |
| | Competitive business operating revenues | Interest rate swaps | (275 | ) | | Miscellaneous - net | Total realized gain (loss) on cash flow hedges | 12,725 |
| | | | (4,454 | ) | | Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| $8,271 |
| | | | | | | Pension and other postretirement liabilities | | | | Amortization of prior-service costs |
| $5,074 |
| | (a) | Amortization of loss | (8,952 | ) | | (a) | Settlement loss | (423 | ) | | (a) | Total amortization | (4,301 | ) | | | | 1,345 |
| | Income taxes | Total amortization (net of tax) |
| ($2,956 | ) | | | | | | | Net unrealized investment gain (loss) | | | | Realized gain (loss) |
| $1,990 |
| | Interest and investment income | | (975 | ) | | Income taxes | Total realized investment gain (loss) (net of tax) |
| $1,015 |
| | | | | | | Total reclassifications for the period (net of tax) |
| $6,330 |
| | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended September 30, 2013 are as follows: | | | | | | |
| Amounts reclassified from AOCI |
| Income Statement Location |
| (In Thousands) |
|
| Cash flow hedges net unrealized gain (loss) |
|
|
| Power contracts |
| $35,325 |
|
| Competitive business operating revenues | Interest rate swaps | (389 | ) |
| Miscellaneous - net | Total realized gain (loss) on cash flow hedges | 34,936 |
|
|
|
| (13,111 | ) |
| Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| $21,825 |
|
|
|
|
|
|
|
| Pension and other postretirement liabilities |
|
|
|
| Amortization of prior-service costs |
| $2,414 |
|
| (a) | Amortization of loss | (17,179 | ) |
| (a) | Curtailment loss | (1,304 | ) |
| (a) | Settlement loss | (9,662 | ) |
| (a) | Total amortization | (25,731 | ) |
|
|
| 10,301 |
|
| Income taxes | Total amortization (net of tax) |
| ($15,430 | ) |
|
|
|
|
|
| Net unrealized investment gain (loss) |
|
|
| Realized gain (loss) |
| ($1,280 | ) |
| Interest and investment income |
| 627 |
|
| Income taxes | Total realized investment gain (loss) (net of tax) |
| ($653 | ) |
|
|
|
|
|
|
| Total reclassifications for the period (net of tax) |
| $5,742 |
|
|
|
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the nine months ended September 30, 2014 are as follows: | | | | | | |
| Amounts
reclassified
from
AOCI |
| Income Statement Location |
| (In Thousands) |
|
| Cash flow hedges net unrealized gain (loss) |
|
|
| Power contracts |
| ($182,275 | ) |
| Competitive business operating revenues | Interest rate swaps | (970 | ) |
| Miscellaneous - net | Total realized gain (loss) on cash flow hedges | (183,245 | ) |
|
|
| 64,136 |
|
| Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| ($119,109 | ) |
|
|
|
|
|
|
| Pension and other postretirement liabilities |
|
|
|
| Amortization of prior-service costs |
| $15,227 |
|
| (a) | Amortization of loss | (26,903 | ) |
| (a) | Settlement loss | (2,971 | ) |
| (a) | Total amortization | (14,647 | ) |
|
|
| 20,928 |
|
| Income taxes | Total amortization (net of tax) |
| $6,281 |
|
|
|
|
|
|
| Net unrealized investment gain (loss) |
|
|
| Realized gain (loss) |
| $8,474 |
|
| Interest and investment income |
| (4,152 | ) |
| Income taxes | Total realized investment gain (loss) (net of tax) |
| $4,322 |
|
|
|
|
|
|
|
| Total reclassifications for the period (net of tax) |
| ($108,506 | ) |
|
|
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the nine months ended September 30, 2013 are as follows: | | | | | | | | Amounts
reclassified
from
AOCI | | Income Statement Location | | (In Thousands) | | | Cash flow hedges net unrealized gain (loss) | | | | Power contracts |
| $37,518 |
| | Competitive business operating revenues | Interest rate swaps | (1,193 | ) | | Miscellaneous - net | Total realized gain (loss) on cash flow hedges | 36,325 |
| | | | (13,653 | ) | | Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| $22,672 |
| | | | | | | Pension and other postretirement liabilities | | | | Amortization of prior-service costs |
| $7,175 |
| | (a) | Amortization of loss | (53,268 | ) | | (a) | Curtailment loss | (1,304 | ) | | (a) | Settlement loss | (9,662 | ) | | (a) | Total amortization | (57,059 | ) | | | | 22,055 |
| | Income taxes | Total amortization (net of tax) |
| ($35,004 | ) | | | | | | | Net unrealized investment gain (loss) | | | | Realized gain (loss) |
| $2,351 |
| | Interest and investment income | | (1,152 | ) | | Income taxes | Total realized investment gain (loss) (net of tax) |
| $1,199 |
| | | | | | | Total reclassifications for the period (net of tax) |
| ($11,133 | ) | | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 2014 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 |
| $559 |
| |
| $844 |
| | (a) | Amortization of loss | (782 | ) | | (378 | ) | | (a) | Total amortization | (223 | ) | | 466 |
| | | | 86 |
| | (179 | ) | | Income tax expense (benefit) | Total amortization (net of tax) | (137 | ) | | 287 |
| | | | | | | | | Total reclassifications for the period (net of tax) |
| ($137 | ) | |
| $287 |
| | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 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 | ) |
| (1,288 | ) |
| (a) | Total amortization | (1,741 | ) |
| (1,226 | ) |
|
|
| 778 |
|
| 542 |
|
| Income tax expense | Total amortization (net of tax) | (963 | ) |
| (684 | ) |
|
|
|
|
|
|
|
|
|
| Total reclassifications for the period (net of tax) |
| ($963 | ) |
|
| ($684 | ) |
|
|
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 2014 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 |
| $1,677 |
| |
| $2,533 |
| | (a) | Amortization of loss | (2,345 | ) | | (1,134 | ) | | (a) | Total amortization | (668 | ) | | 1,399 |
| | | | 272 |
| | (523 | ) | | Income tax expense (benefit) | Total amortization (net of tax) | (396 | ) | | 876 |
| | | | | | | | | Total reclassifications for the period (net of tax) |
| ($396 | ) | |
| $876 |
| | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 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 |
| $617 |
| |
| $186 |
| | (a) | Amortization of loss | (5,839 | ) | | (3,862 | ) | | (a) | Total amortization | (5,222 | ) | | (3,676 | ) | | | | 2,342 |
| | 1,631 |
| | Income taxes | Total amortization (net of tax) | (2,880 | ) | | (2,045 | ) | | | | | | | | | Total reclassifications for the period (net of tax) |
| ($2,880 | ) | |
| ($2,045 | ) | | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
|
|
Entergy Louisiana [Member]
|
|
| Equity |
EQUITY (Entergy Corporation, Entergy Gulf States Louisiana, 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, | | 2014 | | 2013 | | (In Millions, Except Per Share Data) | Basic earnings per share | Income | | Shares | | $/share | | Income | | Shares | | $/share | Net income attributable to Entergy Corporation |
| $230.0 |
| | 179.6 |
| |
| $1.28 |
| |
| $239.9 |
| | 178.3 |
| |
| $1.35 |
| Average dilutive effect of: | | | | | | | | | | | | Stock options | | | 0.3 |
| | — |
| | | | 0.1 |
| | — |
| Other equity plans | | | 0.6 |
| | (0.01 | ) | | | | 0.3 |
| | (0.01 | ) | Diluted earnings per share |
| $230.0 |
| | 180.5 |
| |
| $1.27 |
| |
| $239.9 |
| | 178.7 |
| |
| $1.34 |
|
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 5.2 million for the three months ended September 30, 2014 and approximately 8.8 million for the three months ended September 30, 2013.
| | | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, | | 2014 | | 2013 | | (In Millions, Except Per Share Data) | Basic earnings per share | Income | | Shares | | $/share | | Income | | Shares | | $/share | Net income attributable to Entergy Corporation |
| $820.6 |
| | 179.3 |
| |
| $4.58 |
| |
| $565.0 |
| | 178.2 |
| |
| $3.17 |
| Average dilutive effect of: | | | | | | | | | | | | Stock options | | | 0.2 |
| | (0.01 | ) | | | | 0.1 |
| | — |
| Other equity plans | | | 0.4 |
| | (0.01 | ) | | | | 0.2 |
| | (0.01 | ) | Diluted earnings per share |
| $820.6 |
| | 179.9 |
| |
| $4.56 |
| |
| $565.0 |
| | 178.5 |
| |
| $3.16 |
|
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 6.6 million for the nine months ended September 30, 2014 and approximately 8.9 million for the nine months ended September 30, 2013.
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.
Treasury Stock
During the nine months ended September 30, 2014, Entergy Corporation issued 1,527,010 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards. During the nine months ended September 30, 2014, Entergy Corporation repurchased 248,190 shares of its common stock for a total purchase price of $18.3 million.
Retained Earnings
On October 31, 2014, Entergy Corporation’s Board of Directors declared a common stock dividend of $0.83 per share, payable on December 1, 2014 to holders of record as of November 13, 2014.
Comprehensive Income
Accumulated other comprehensive income (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 September 30, 2014 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, June 30, 2014 |
| ($74,767 | ) | |
| ($297,460 | ) | |
| $399,480 |
| |
| $3,815 |
| |
| $31,068 |
| Other comprehensive income (loss) before reclassifications | 5,783 |
| | — |
| | (9,475 | ) | | (662 | ) | | (4,354 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | (8,271 | ) | | 2,956 |
| | (1,015 | ) | | — |
| | (6,330 | ) | Net other comprehensive income (loss) for the period | (2,488 | ) | | 2,956 |
| | (10,490 | ) | | (662 | ) | | (10,684 | ) | Ending balance, September 30, 2014 |
| ($77,255 | ) | |
| ($294,504 | ) | |
| $388,990 |
| |
| $3,153 |
| |
| $20,384 |
|
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 30, 2013 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, June 30, 2013 |
| $31,520 |
| |
| ($571,138 | ) | |
| $262,891 |
| |
| $2,424 |
| |
| ($274,303 | ) | Other comprehensive income (loss) before reclassifications | (9,838 | ) | | — |
| | 45,647 |
| | 706 |
| | 36,515 |
| Amounts reclassified from accumulated other comprehensive income (loss) | (21,825 | ) | | 15,430 |
| | 653 |
| | — |
| | (5,742 | ) | Net other comprehensive income (loss) for the period | (31,663 | ) | | 15,430 |
| | 46,300 |
| | 706 |
| | 30,773 |
| Ending balance, September 30, 2013 |
| ($143 | ) | |
| ($555,708 | ) | |
| $309,191 |
| |
| $3,130 |
| |
| ($243,530 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2014 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, December 31, 2013 |
| ($81,777 | ) | |
| ($288,223 | ) | |
| $337,256 |
| |
| $3,420 |
| |
| ($29,324 | ) | Other comprehensive income (loss) before reclassifications | (114,587 | ) | | — |
| | 56,056 |
| | (267 | ) | | (58,798 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 119,109 |
| | (6,281 | ) | | (4,322 | ) | | — |
| | 108,506 |
| Net other comprehensive income (loss) for the period | 4,522 |
| | (6,281 | ) | | 51,734 |
| | (267 | ) | | 49,708 |
| Ending balance, September 30, 2014 |
| ($77,255 | ) | |
| ($294,504 | ) | |
| $388,990 |
| |
| $3,153 |
| |
| $20,384 |
|
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2013 by component: | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges net unrealized gain (loss) | | Pension and other postretirement liabilities | | Net unrealized investment gain (loss) | | Foreign currency translation | | Total Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Beginning balance, December 31, 2012 |
| $79,905 |
| |
| ($590,712 | ) | |
| $214,547 |
| |
| $3,177 |
| |
| ($293,083 | ) | Other comprehensive income (loss) before reclassifications | (57,376 | ) | | — |
| | 95,843 |
| | (47 | ) | | 38,420 |
| Amounts reclassified from accumulated other comprehensive income (loss) | (22,672 | ) | | 35,004 |
| | (1,199 | ) | | — |
| | 11,133 |
| Net other comprehensive income (loss) for the period | (80,048 | ) | | 35,004 |
| | 94,644 |
| | (47 | ) | | 49,553 |
| Ending balance, September 30, 2013 |
| ($143 | ) | |
| ($555,708 | ) | |
| $309,191 |
| |
| $3,130 |
| |
| ($243,530 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 2014: | | | | | | | | | | Pension and Other
Postretirement Liabilities | | Entergy
Gulf States
Louisiana | | Entergy
Louisiana | | (In Thousands) | Beginning balance June 30, 2014 |
| ($27,943 | ) | |
| ($10,224 | ) | Amounts reclassified from accumulated other
comprehensive income (loss) | 137 |
| | (287 | ) | Net other comprehensive income (loss) for the period | 137 |
| | (287 | ) | Ending balance, September 30, 2014 |
| ($27,806 | ) | |
| ($10,511 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 2013: | | | | | | | | | | Pension and Other Postretirement Liabilities | | Entergy Gulf States Louisiana |
| Entergy Louisiana | | (In Thousands) | Beginning balance June 30, 2013 |
| ($63,312 | ) |
|
| ($44,771 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 963 |
|
| 684 |
| Net other comprehensive income (loss) for the period | 963 |
|
| 684 |
| Ending balance, September 30, 2013 |
| ($62,349 | ) |
|
| ($44,087 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 2014: | | | | | | | | | | Pension and Other
Postretirement Liabilities | | Entergy
Gulf States
Louisiana | | Entergy
Louisiana | | (In Thousands) | Beginning balance, December 31, 2013 |
| ($28,202 | ) | |
| ($9,635 | ) | Amounts reclassified from accumulated other
comprehensive income (loss) | 396 |
| | (876 | ) | Net other comprehensive income (loss) for the period | 396 |
| | (876 | ) | Ending balance, September 30, 2014 |
| ($27,806 | ) | |
| ($10,511 | ) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 2013: | | | | | | | | | | Pension and Other Postretirement Liabilities | | Entergy Gulf States Louisiana | | Entergy Louisiana | | (In Thousands) | Beginning balance, December 31, 2012 |
| ($65,229 | ) | |
| ($46,132 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 2,880 |
| | 2,045 |
| Net other comprehensive income (loss) for the period | 2,880 |
| | 2,045 |
| Ending balance, September 30, 2013 |
| ($62,349 | ) | |
| ($44,087 | ) |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended September 30, 2014 are as follows: | | | | | | | | Amounts reclassified from AOCI | | Income Statement Location | | (In Thousands) | | | Cash flow hedges net unrealized gain (loss) | | | | Power contracts |
| $13,000 |
| | Competitive business operating revenues | Interest rate swaps | (275 | ) | | Miscellaneous - net | Total realized gain (loss) on cash flow hedges | 12,725 |
| | | | (4,454 | ) | | Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| $8,271 |
| | | | | | | Pension and other postretirement liabilities | | | | Amortization of prior-service costs |
| $5,074 |
| | (a) | Amortization of loss | (8,952 | ) | | (a) | Settlement loss | (423 | ) | | (a) | Total amortization | (4,301 | ) | | | | 1,345 |
| | Income taxes | Total amortization (net of tax) |
| ($2,956 | ) | | | | | | | Net unrealized investment gain (loss) | | | | Realized gain (loss) |
| $1,990 |
| | Interest and investment income | | (975 | ) | | Income taxes | Total realized investment gain (loss) (net of tax) |
| $1,015 |
| | | | | | | Total reclassifications for the period (net of tax) |
| $6,330 |
| | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended September 30, 2013 are as follows: | | | | | | |
| Amounts reclassified from AOCI |
| Income Statement Location |
| (In Thousands) |
|
| Cash flow hedges net unrealized gain (loss) |
|
|
| Power contracts |
| $35,325 |
|
| Competitive business operating revenues | Interest rate swaps | (389 | ) |
| Miscellaneous - net | Total realized gain (loss) on cash flow hedges | 34,936 |
|
|
|
| (13,111 | ) |
| Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| $21,825 |
|
|
|
|
|
|
|
| Pension and other postretirement liabilities |
|
|
|
| Amortization of prior-service costs |
| $2,414 |
|
| (a) | Amortization of loss | (17,179 | ) |
| (a) | Curtailment loss | (1,304 | ) |
| (a) | Settlement loss | (9,662 | ) |
| (a) | Total amortization | (25,731 | ) |
|
|
| 10,301 |
|
| Income taxes | Total amortization (net of tax) |
| ($15,430 | ) |
|
|
|
|
|
| Net unrealized investment gain (loss) |
|
|
| Realized gain (loss) |
| ($1,280 | ) |
| Interest and investment income |
| 627 |
|
| Income taxes | Total realized investment gain (loss) (net of tax) |
| ($653 | ) |
|
|
|
|
|
|
| Total reclassifications for the period (net of tax) |
| $5,742 |
|
|
|
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the nine months ended September 30, 2014 are as follows: | | | | | | |
| Amounts
reclassified
from
AOCI |
| Income Statement Location |
| (In Thousands) |
|
| Cash flow hedges net unrealized gain (loss) |
|
|
| Power contracts |
| ($182,275 | ) |
| Competitive business operating revenues | Interest rate swaps | (970 | ) |
| Miscellaneous - net | Total realized gain (loss) on cash flow hedges | (183,245 | ) |
|
|
| 64,136 |
|
| Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| ($119,109 | ) |
|
|
|
|
|
|
| Pension and other postretirement liabilities |
|
|
|
| Amortization of prior-service costs |
| $15,227 |
|
| (a) | Amortization of loss | (26,903 | ) |
| (a) | Settlement loss | (2,971 | ) |
| (a) | Total amortization | (14,647 | ) |
|
|
| 20,928 |
|
| Income taxes | Total amortization (net of tax) |
| $6,281 |
|
|
|
|
|
|
| Net unrealized investment gain (loss) |
|
|
| Realized gain (loss) |
| $8,474 |
|
| Interest and investment income |
| (4,152 | ) |
| Income taxes | Total realized investment gain (loss) (net of tax) |
| $4,322 |
|
|
|
|
|
|
|
| Total reclassifications for the period (net of tax) |
| ($108,506 | ) |
|
|
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the nine months ended September 30, 2013 are as follows: | | | | | | | | Amounts
reclassified
from
AOCI | | Income Statement Location | | (In Thousands) | | | Cash flow hedges net unrealized gain (loss) | | | | Power contracts |
| $37,518 |
| | Competitive business operating revenues | Interest rate swaps | (1,193 | ) | | Miscellaneous - net | Total realized gain (loss) on cash flow hedges | 36,325 |
| | | | (13,653 | ) | | Income taxes | Total realized gain (loss) on cash flow hedges (net of tax) |
| $22,672 |
| | | | | | | Pension and other postretirement liabilities | | | | Amortization of prior-service costs |
| $7,175 |
| | (a) | Amortization of loss | (53,268 | ) | | (a) | Curtailment loss | (1,304 | ) | | (a) | Settlement loss | (9,662 | ) | | (a) | Total amortization | (57,059 | ) | | | | 22,055 |
| | Income taxes | Total amortization (net of tax) |
| ($35,004 | ) | | | | | | | Net unrealized investment gain (loss) | | | | Realized gain (loss) |
| $2,351 |
| | Interest and investment income | | (1,152 | ) | | Income taxes | Total realized investment gain (loss) (net of tax) |
| $1,199 |
| | | | | | | Total reclassifications for the period (net of tax) |
| ($11,133 | ) | | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 2014 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 |
| $559 |
| |
| $844 |
| | (a) | Amortization of loss | (782 | ) | | (378 | ) | | (a) | Total amortization | (223 | ) | | 466 |
| | | | 86 |
| | (179 | ) | | Income tax expense (benefit) | Total amortization (net of tax) | (137 | ) | | 287 |
| | | | | | | | | Total reclassifications for the period (net of tax) |
| ($137 | ) | |
| $287 |
| | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the three months ended September 30, 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 | ) |
| (1,288 | ) |
| (a) | Total amortization | (1,741 | ) |
| (1,226 | ) |
|
|
| 778 |
|
| 542 |
|
| Income tax expense | Total amortization (net of tax) | (963 | ) |
| (684 | ) |
|
|
|
|
|
|
|
|
|
| Total reclassifications for the period (net of tax) |
| ($963 | ) |
|
| ($684 | ) |
|
|
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 2014 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 |
| $1,677 |
| |
| $2,533 |
| | (a) | Amortization of loss | (2,345 | ) | | (1,134 | ) | | (a) | Total amortization | (668 | ) | | 1,399 |
| | | | 272 |
| | (523 | ) | | Income tax expense (benefit) | Total amortization (net of tax) | (396 | ) | | 876 |
| | | | | | | | | Total reclassifications for the period (net of tax) |
| ($396 | ) | |
| $876 |
| | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the nine months ended September 30, 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 |
| $617 |
| |
| $186 |
| | (a) | Amortization of loss | (5,839 | ) | | (3,862 | ) | | (a) | Total amortization | (5,222 | ) | | (3,676 | ) | | | | 2,342 |
| | 1,631 |
| | Income taxes | Total amortization (net of tax) | (2,880 | ) | | (2,045 | ) | | | | | | | | | Total reclassifications for the period (net of tax) |
| ($2,880 | ) | |
| ($2,045 | ) | | |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 6 to the financial statements herein for additional details. |
|