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Common Equity
12 Months Ended
Dec. 31, 2015
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2015, 2014, and 2013 is as follows:
 
2015
 
2014
 
2013
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

Repurchases

 
1,468,984

 

 
2,154,490

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(610,409
)
 

 
(3,019,475
)
 

 
(557,734
)
Directors’ Plan

 
(6,891
)
 

 
(4,872
)
 

 
(5,569
)
Ending Balance, December 31
254,752,788

 
76,363,763

 
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2015, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.34 in 2015 and $3.32 in 2014 and 2013.

In 2015, System Energy paid its parent, Entergy Corporation, a $70 million distribution out of its common stock.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2015, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments and distributions from subsidiaries totaling $615 million in 2015, $893 million in 2014, and $702 million in 2013.

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 year ended December 31, 2015 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2015

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)
Other comprehensive income (loss) before reclassifications
(151,740
)
 
71,054

 
(34,186
)
 
(641
)
 
(115,513
)
Amounts reclassified from accumulated other comprehensive income (loss)
159,592

 
32,131

 
(24,952
)
 

 
166,771

Net other comprehensive income (loss) for the period
7,852

 
103,185

 
(59,138
)
 
(641
)
 
51,258

Ending balance, December 31, 2015

$105,970

 

($466,604
)
 

$367,557

 

$2,028

 

$8,951


The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2014

($81,777
)


($288,223
)


$337,256



$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from
accumulated other comprehensive
income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2015:
 
 
Pension and Other
Postretirement Liabilities
 
 
(In Thousands)
 
 
 
Beginning balance, January 1, 2015
 

($79,223
)
Other comprehensive income (loss) before reclassifications
 
21,180

Amounts reclassified from accumulated other
comprehensive income (loss)
 
1,631

Net other comprehensive income (loss) for the period
 
22,811

Ending balance, December 31, 2015
 

($56,412
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2014:

 
Pension and Other
Postretirement Liabilities

 
(In Thousands)
 
 
 
Beginning balance, January 1, 2014
 

($37,837
)
Other comprehensive income (loss) before reclassifications
 
(40,755
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(631
)
Net other comprehensive income (loss) for the period
 
(41,386
)
Ending balance, December 31, 2014
 

($79,223
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2015 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($243,555
)
 
Competitive business operating revenues
Interest rate swaps
 
(1,971
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(245,526
)
 
 
 
 
85,934

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

($159,592
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$23,920

 
(a)
Acceleration of prior-service cost due to curtailment
 
(374
)
 
(a)
Amortization of loss
 
(70,296
)
 
(a)
Settlement loss
 
(1,401
)
 
(a)
Total amortization
 
(48,151
)
 
 
 
 
16,020

 
Income taxes
Total amortization (net of tax)
 

($32,131
)
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$48,926

 
Interest and investment income
 
 
(23,974
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$24,952

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($166,771
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


($193,297
)

Competitive business operating revenues
Interest rate swaps

(2,799
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

(196,096
)




68,634


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


($127,462
)







Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss

(35,836
)

(a)
Settlement loss

(3,643
)

(a)
Total amortization

(19,185
)




22,390


Income taxes
Total amortization (net of tax)


$3,205








Net unrealized investment gain (loss)




Realized gain (loss)


$20,511


Interest and investment income


(10,050
)

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


$10,461








Total reclassifications for the period (net of tax)
 

($113,796
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.



Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2015 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
Amortization of prior-service costs
 

$7,464

 
(a)
Amortization of loss
 
(10,140
)
 
(a)
Settlement loss
 
(14
)
 
(a)
Total amortization
 
(2,690
)
 
 
 
 
1,059

 
Income taxes
Total amortization (net of tax)
 
(1,631
)
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($1,631
)
 
 
(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2014 are as follows:

 
Amounts reclassified
from AOCI

Income Statement Location

 
(In Thousands)
 
 





Pension and other postretirement liabilities


 

Amortization of prior-service costs
 

$5,614

 
(a)
Amortization of loss
 
(4,637
)
 
(a)
Total amortization

977




 
(346
)

Income taxes
Total amortization (net of tax)

631








Total reclassifications for the period (net of tax)
 

$631

 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
Entergy Arkansas [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2015, 2014, and 2013 is as follows:
 
2015
 
2014
 
2013
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

Repurchases

 
1,468,984

 

 
2,154,490

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(610,409
)
 

 
(3,019,475
)
 

 
(557,734
)
Directors’ Plan

 
(6,891
)
 

 
(4,872
)
 

 
(5,569
)
Ending Balance, December 31
254,752,788

 
76,363,763

 
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2015, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.34 in 2015 and $3.32 in 2014 and 2013.

In 2015, System Energy paid its parent, Entergy Corporation, a $70 million distribution out of its common stock.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2015, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments and distributions from subsidiaries totaling $615 million in 2015, $893 million in 2014, and $702 million in 2013.

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 year ended December 31, 2015 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2015

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)
Other comprehensive income (loss) before reclassifications
(151,740
)
 
71,054

 
(34,186
)
 
(641
)
 
(115,513
)
Amounts reclassified from accumulated other comprehensive income (loss)
159,592

 
32,131

 
(24,952
)
 

 
166,771

Net other comprehensive income (loss) for the period
7,852

 
103,185

 
(59,138
)
 
(641
)
 
51,258

Ending balance, December 31, 2015

$105,970

 

($466,604
)
 

$367,557

 

$2,028

 

$8,951


The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2014

($81,777
)


($288,223
)


$337,256



$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from
accumulated other comprehensive
income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2015:
 
 
Pension and Other
Postretirement Liabilities
 
 
(In Thousands)
 
 
 
Beginning balance, January 1, 2015
 

($79,223
)
Other comprehensive income (loss) before reclassifications
 
21,180

Amounts reclassified from accumulated other
comprehensive income (loss)
 
1,631

Net other comprehensive income (loss) for the period
 
22,811

Ending balance, December 31, 2015
 

($56,412
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2014:

 
Pension and Other
Postretirement Liabilities

 
(In Thousands)
 
 
 
Beginning balance, January 1, 2014
 

($37,837
)
Other comprehensive income (loss) before reclassifications
 
(40,755
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(631
)
Net other comprehensive income (loss) for the period
 
(41,386
)
Ending balance, December 31, 2014
 

($79,223
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2015 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($243,555
)
 
Competitive business operating revenues
Interest rate swaps
 
(1,971
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(245,526
)
 
 
 
 
85,934

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

($159,592
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$23,920

 
(a)
Acceleration of prior-service cost due to curtailment
 
(374
)
 
(a)
Amortization of loss
 
(70,296
)
 
(a)
Settlement loss
 
(1,401
)
 
(a)
Total amortization
 
(48,151
)
 
 
 
 
16,020

 
Income taxes
Total amortization (net of tax)
 

($32,131
)
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$48,926

 
Interest and investment income
 
 
(23,974
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$24,952

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($166,771
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


($193,297
)

Competitive business operating revenues
Interest rate swaps

(2,799
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

(196,096
)




68,634


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


($127,462
)







Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss

(35,836
)

(a)
Settlement loss

(3,643
)

(a)
Total amortization

(19,185
)




22,390


Income taxes
Total amortization (net of tax)


$3,205








Net unrealized investment gain (loss)




Realized gain (loss)


$20,511


Interest and investment income


(10,050
)

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


$10,461








Total reclassifications for the period (net of tax)
 

($113,796
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.



Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2015 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
Amortization of prior-service costs
 

$7,464

 
(a)
Amortization of loss
 
(10,140
)
 
(a)
Settlement loss
 
(14
)
 
(a)
Total amortization
 
(2,690
)
 
 
 
 
1,059

 
Income taxes
Total amortization (net of tax)
 
(1,631
)
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($1,631
)
 
 
(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2014 are as follows:

 
Amounts reclassified
from AOCI

Income Statement Location

 
(In Thousands)
 
 





Pension and other postretirement liabilities


 

Amortization of prior-service costs
 

$5,614

 
(a)
Amortization of loss
 
(4,637
)
 
(a)
Total amortization

977




 
(346
)

Income taxes
Total amortization (net of tax)

631








Total reclassifications for the period (net of tax)
 

$631

 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
Entergy Louisiana [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2015, 2014, and 2013 is as follows:
 
2015
 
2014
 
2013
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

Repurchases

 
1,468,984

 

 
2,154,490

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(610,409
)
 

 
(3,019,475
)
 

 
(557,734
)
Directors’ Plan

 
(6,891
)
 

 
(4,872
)
 

 
(5,569
)
Ending Balance, December 31
254,752,788

 
76,363,763

 
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2015, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.34 in 2015 and $3.32 in 2014 and 2013.

In 2015, System Energy paid its parent, Entergy Corporation, a $70 million distribution out of its common stock.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2015, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments and distributions from subsidiaries totaling $615 million in 2015, $893 million in 2014, and $702 million in 2013.

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 year ended December 31, 2015 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2015

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)
Other comprehensive income (loss) before reclassifications
(151,740
)
 
71,054

 
(34,186
)
 
(641
)
 
(115,513
)
Amounts reclassified from accumulated other comprehensive income (loss)
159,592

 
32,131

 
(24,952
)
 

 
166,771

Net other comprehensive income (loss) for the period
7,852

 
103,185

 
(59,138
)
 
(641
)
 
51,258

Ending balance, December 31, 2015

$105,970

 

($466,604
)
 

$367,557

 

$2,028

 

$8,951


The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2014

($81,777
)


($288,223
)


$337,256



$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from
accumulated other comprehensive
income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2015:
 
 
Pension and Other
Postretirement Liabilities
 
 
(In Thousands)
 
 
 
Beginning balance, January 1, 2015
 

($79,223
)
Other comprehensive income (loss) before reclassifications
 
21,180

Amounts reclassified from accumulated other
comprehensive income (loss)
 
1,631

Net other comprehensive income (loss) for the period
 
22,811

Ending balance, December 31, 2015
 

($56,412
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2014:

 
Pension and Other
Postretirement Liabilities

 
(In Thousands)
 
 
 
Beginning balance, January 1, 2014
 

($37,837
)
Other comprehensive income (loss) before reclassifications
 
(40,755
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(631
)
Net other comprehensive income (loss) for the period
 
(41,386
)
Ending balance, December 31, 2014
 

($79,223
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2015 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($243,555
)
 
Competitive business operating revenues
Interest rate swaps
 
(1,971
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(245,526
)
 
 
 
 
85,934

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

($159,592
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$23,920

 
(a)
Acceleration of prior-service cost due to curtailment
 
(374
)
 
(a)
Amortization of loss
 
(70,296
)
 
(a)
Settlement loss
 
(1,401
)
 
(a)
Total amortization
 
(48,151
)
 
 
 
 
16,020

 
Income taxes
Total amortization (net of tax)
 

($32,131
)
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$48,926

 
Interest and investment income
 
 
(23,974
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$24,952

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($166,771
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


($193,297
)

Competitive business operating revenues
Interest rate swaps

(2,799
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

(196,096
)




68,634


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


($127,462
)







Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss

(35,836
)

(a)
Settlement loss

(3,643
)

(a)
Total amortization

(19,185
)




22,390


Income taxes
Total amortization (net of tax)


$3,205








Net unrealized investment gain (loss)




Realized gain (loss)


$20,511


Interest and investment income


(10,050
)

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


$10,461








Total reclassifications for the period (net of tax)
 

($113,796
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.



Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2015 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
Amortization of prior-service costs
 

$7,464

 
(a)
Amortization of loss
 
(10,140
)
 
(a)
Settlement loss
 
(14
)
 
(a)
Total amortization
 
(2,690
)
 
 
 
 
1,059

 
Income taxes
Total amortization (net of tax)
 
(1,631
)
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($1,631
)
 
 
(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2014 are as follows:

 
Amounts reclassified
from AOCI

Income Statement Location

 
(In Thousands)
 
 





Pension and other postretirement liabilities


 

Amortization of prior-service costs
 

$5,614

 
(a)
Amortization of loss
 
(4,637
)
 
(a)
Total amortization

977




 
(346
)

Income taxes
Total amortization (net of tax)

631








Total reclassifications for the period (net of tax)
 

$631

 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
Entergy Mississippi [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2015, 2014, and 2013 is as follows:
 
2015
 
2014
 
2013
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

Repurchases

 
1,468,984

 

 
2,154,490

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(610,409
)
 

 
(3,019,475
)
 

 
(557,734
)
Directors’ Plan

 
(6,891
)
 

 
(4,872
)
 

 
(5,569
)
Ending Balance, December 31
254,752,788

 
76,363,763

 
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2015, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.34 in 2015 and $3.32 in 2014 and 2013.

In 2015, System Energy paid its parent, Entergy Corporation, a $70 million distribution out of its common stock.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2015, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments and distributions from subsidiaries totaling $615 million in 2015, $893 million in 2014, and $702 million in 2013.

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 year ended December 31, 2015 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2015

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)
Other comprehensive income (loss) before reclassifications
(151,740
)
 
71,054

 
(34,186
)
 
(641
)
 
(115,513
)
Amounts reclassified from accumulated other comprehensive income (loss)
159,592

 
32,131

 
(24,952
)
 

 
166,771

Net other comprehensive income (loss) for the period
7,852

 
103,185

 
(59,138
)
 
(641
)
 
51,258

Ending balance, December 31, 2015

$105,970

 

($466,604
)
 

$367,557

 

$2,028

 

$8,951


The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2014

($81,777
)


($288,223
)


$337,256



$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from
accumulated other comprehensive
income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2015:
 
 
Pension and Other
Postretirement Liabilities
 
 
(In Thousands)
 
 
 
Beginning balance, January 1, 2015
 

($79,223
)
Other comprehensive income (loss) before reclassifications
 
21,180

Amounts reclassified from accumulated other
comprehensive income (loss)
 
1,631

Net other comprehensive income (loss) for the period
 
22,811

Ending balance, December 31, 2015
 

($56,412
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2014:

 
Pension and Other
Postretirement Liabilities

 
(In Thousands)
 
 
 
Beginning balance, January 1, 2014
 

($37,837
)
Other comprehensive income (loss) before reclassifications
 
(40,755
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(631
)
Net other comprehensive income (loss) for the period
 
(41,386
)
Ending balance, December 31, 2014
 

($79,223
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2015 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($243,555
)
 
Competitive business operating revenues
Interest rate swaps
 
(1,971
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(245,526
)
 
 
 
 
85,934

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

($159,592
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$23,920

 
(a)
Acceleration of prior-service cost due to curtailment
 
(374
)
 
(a)
Amortization of loss
 
(70,296
)
 
(a)
Settlement loss
 
(1,401
)
 
(a)
Total amortization
 
(48,151
)
 
 
 
 
16,020

 
Income taxes
Total amortization (net of tax)
 

($32,131
)
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$48,926

 
Interest and investment income
 
 
(23,974
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$24,952

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($166,771
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


($193,297
)

Competitive business operating revenues
Interest rate swaps

(2,799
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

(196,096
)




68,634


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


($127,462
)







Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss

(35,836
)

(a)
Settlement loss

(3,643
)

(a)
Total amortization

(19,185
)




22,390


Income taxes
Total amortization (net of tax)


$3,205








Net unrealized investment gain (loss)




Realized gain (loss)


$20,511


Interest and investment income


(10,050
)

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


$10,461








Total reclassifications for the period (net of tax)
 

($113,796
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.



Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2015 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
Amortization of prior-service costs
 

$7,464

 
(a)
Amortization of loss
 
(10,140
)
 
(a)
Settlement loss
 
(14
)
 
(a)
Total amortization
 
(2,690
)
 
 
 
 
1,059

 
Income taxes
Total amortization (net of tax)
 
(1,631
)
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($1,631
)
 
 
(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2014 are as follows:

 
Amounts reclassified
from AOCI

Income Statement Location

 
(In Thousands)
 
 





Pension and other postretirement liabilities


 

Amortization of prior-service costs
 

$5,614

 
(a)
Amortization of loss
 
(4,637
)
 
(a)
Total amortization

977




 
(346
)

Income taxes
Total amortization (net of tax)

631








Total reclassifications for the period (net of tax)
 

$631

 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
Entergy New Orleans [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2015, 2014, and 2013 is as follows:
 
2015
 
2014
 
2013
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

Repurchases

 
1,468,984

 

 
2,154,490

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(610,409
)
 

 
(3,019,475
)
 

 
(557,734
)
Directors’ Plan

 
(6,891
)
 

 
(4,872
)
 

 
(5,569
)
Ending Balance, December 31
254,752,788

 
76,363,763

 
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2015, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.34 in 2015 and $3.32 in 2014 and 2013.

In 2015, System Energy paid its parent, Entergy Corporation, a $70 million distribution out of its common stock.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2015, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments and distributions from subsidiaries totaling $615 million in 2015, $893 million in 2014, and $702 million in 2013.

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 year ended December 31, 2015 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2015

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)
Other comprehensive income (loss) before reclassifications
(151,740
)
 
71,054

 
(34,186
)
 
(641
)
 
(115,513
)
Amounts reclassified from accumulated other comprehensive income (loss)
159,592

 
32,131

 
(24,952
)
 

 
166,771

Net other comprehensive income (loss) for the period
7,852

 
103,185

 
(59,138
)
 
(641
)
 
51,258

Ending balance, December 31, 2015

$105,970

 

($466,604
)
 

$367,557

 

$2,028

 

$8,951


The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2014

($81,777
)


($288,223
)


$337,256



$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from
accumulated other comprehensive
income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2015:
 
 
Pension and Other
Postretirement Liabilities
 
 
(In Thousands)
 
 
 
Beginning balance, January 1, 2015
 

($79,223
)
Other comprehensive income (loss) before reclassifications
 
21,180

Amounts reclassified from accumulated other
comprehensive income (loss)
 
1,631

Net other comprehensive income (loss) for the period
 
22,811

Ending balance, December 31, 2015
 

($56,412
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2014:

 
Pension and Other
Postretirement Liabilities

 
(In Thousands)
 
 
 
Beginning balance, January 1, 2014
 

($37,837
)
Other comprehensive income (loss) before reclassifications
 
(40,755
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(631
)
Net other comprehensive income (loss) for the period
 
(41,386
)
Ending balance, December 31, 2014
 

($79,223
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2015 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($243,555
)
 
Competitive business operating revenues
Interest rate swaps
 
(1,971
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(245,526
)
 
 
 
 
85,934

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

($159,592
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$23,920

 
(a)
Acceleration of prior-service cost due to curtailment
 
(374
)
 
(a)
Amortization of loss
 
(70,296
)
 
(a)
Settlement loss
 
(1,401
)
 
(a)
Total amortization
 
(48,151
)
 
 
 
 
16,020

 
Income taxes
Total amortization (net of tax)
 

($32,131
)
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$48,926

 
Interest and investment income
 
 
(23,974
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$24,952

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($166,771
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


($193,297
)

Competitive business operating revenues
Interest rate swaps

(2,799
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

(196,096
)




68,634


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


($127,462
)







Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss

(35,836
)

(a)
Settlement loss

(3,643
)

(a)
Total amortization

(19,185
)




22,390


Income taxes
Total amortization (net of tax)


$3,205








Net unrealized investment gain (loss)




Realized gain (loss)


$20,511


Interest and investment income


(10,050
)

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


$10,461








Total reclassifications for the period (net of tax)
 

($113,796
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.



Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2015 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
Amortization of prior-service costs
 

$7,464

 
(a)
Amortization of loss
 
(10,140
)
 
(a)
Settlement loss
 
(14
)
 
(a)
Total amortization
 
(2,690
)
 
 
 
 
1,059

 
Income taxes
Total amortization (net of tax)
 
(1,631
)
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($1,631
)
 
 
(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2014 are as follows:

 
Amounts reclassified
from AOCI

Income Statement Location

 
(In Thousands)
 
 





Pension and other postretirement liabilities


 

Amortization of prior-service costs
 

$5,614

 
(a)
Amortization of loss
 
(4,637
)
 
(a)
Total amortization

977




 
(346
)

Income taxes
Total amortization (net of tax)

631








Total reclassifications for the period (net of tax)
 

$631

 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
Entergy Texas [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2015, 2014, and 2013 is as follows:
 
2015
 
2014
 
2013
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

Repurchases

 
1,468,984

 

 
2,154,490

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(610,409
)
 

 
(3,019,475
)
 

 
(557,734
)
Directors’ Plan

 
(6,891
)
 

 
(4,872
)
 

 
(5,569
)
Ending Balance, December 31
254,752,788

 
76,363,763

 
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2015, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.34 in 2015 and $3.32 in 2014 and 2013.

In 2015, System Energy paid its parent, Entergy Corporation, a $70 million distribution out of its common stock.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2015, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments and distributions from subsidiaries totaling $615 million in 2015, $893 million in 2014, and $702 million in 2013.

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 year ended December 31, 2015 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2015

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)
Other comprehensive income (loss) before reclassifications
(151,740
)
 
71,054

 
(34,186
)
 
(641
)
 
(115,513
)
Amounts reclassified from accumulated other comprehensive income (loss)
159,592

 
32,131

 
(24,952
)
 

 
166,771

Net other comprehensive income (loss) for the period
7,852

 
103,185

 
(59,138
)
 
(641
)
 
51,258

Ending balance, December 31, 2015

$105,970

 

($466,604
)
 

$367,557

 

$2,028

 

$8,951


The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2014

($81,777
)


($288,223
)


$337,256



$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from
accumulated other comprehensive
income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2015:
 
 
Pension and Other
Postretirement Liabilities
 
 
(In Thousands)
 
 
 
Beginning balance, January 1, 2015
 

($79,223
)
Other comprehensive income (loss) before reclassifications
 
21,180

Amounts reclassified from accumulated other
comprehensive income (loss)
 
1,631

Net other comprehensive income (loss) for the period
 
22,811

Ending balance, December 31, 2015
 

($56,412
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2014:

 
Pension and Other
Postretirement Liabilities

 
(In Thousands)
 
 
 
Beginning balance, January 1, 2014
 

($37,837
)
Other comprehensive income (loss) before reclassifications
 
(40,755
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(631
)
Net other comprehensive income (loss) for the period
 
(41,386
)
Ending balance, December 31, 2014
 

($79,223
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2015 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($243,555
)
 
Competitive business operating revenues
Interest rate swaps
 
(1,971
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(245,526
)
 
 
 
 
85,934

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

($159,592
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$23,920

 
(a)
Acceleration of prior-service cost due to curtailment
 
(374
)
 
(a)
Amortization of loss
 
(70,296
)
 
(a)
Settlement loss
 
(1,401
)
 
(a)
Total amortization
 
(48,151
)
 
 
 
 
16,020

 
Income taxes
Total amortization (net of tax)
 

($32,131
)
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$48,926

 
Interest and investment income
 
 
(23,974
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$24,952

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($166,771
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


($193,297
)

Competitive business operating revenues
Interest rate swaps

(2,799
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

(196,096
)




68,634


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


($127,462
)







Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss

(35,836
)

(a)
Settlement loss

(3,643
)

(a)
Total amortization

(19,185
)




22,390


Income taxes
Total amortization (net of tax)


$3,205








Net unrealized investment gain (loss)




Realized gain (loss)


$20,511


Interest and investment income


(10,050
)

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


$10,461








Total reclassifications for the period (net of tax)
 

($113,796
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.



Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2015 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
Amortization of prior-service costs
 

$7,464

 
(a)
Amortization of loss
 
(10,140
)
 
(a)
Settlement loss
 
(14
)
 
(a)
Total amortization
 
(2,690
)
 
 
 
 
1,059

 
Income taxes
Total amortization (net of tax)
 
(1,631
)
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($1,631
)
 
 
(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2014 are as follows:

 
Amounts reclassified
from AOCI

Income Statement Location

 
(In Thousands)
 
 





Pension and other postretirement liabilities


 

Amortization of prior-service costs
 

$5,614

 
(a)
Amortization of loss
 
(4,637
)
 
(a)
Total amortization

977




 
(346
)

Income taxes
Total amortization (net of tax)

631








Total reclassifications for the period (net of tax)
 

$631

 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
System Energy [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2015, 2014, and 2013 is as follows:
 
2015
 
2014
 
2013
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

Repurchases

 
1,468,984

 

 
2,154,490

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(610,409
)
 

 
(3,019,475
)
 

 
(557,734
)
Directors’ Plan

 
(6,891
)
 

 
(4,872
)
 

 
(5,569
)
Ending Balance, December 31
254,752,788

 
76,363,763

 
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2015, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.34 in 2015 and $3.32 in 2014 and 2013.

In 2015, System Energy paid its parent, Entergy Corporation, a $70 million distribution out of its common stock.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2015, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments and distributions from subsidiaries totaling $615 million in 2015, $893 million in 2014, and $702 million in 2013.

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 year ended December 31, 2015 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2015

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)
Other comprehensive income (loss) before reclassifications
(151,740
)
 
71,054

 
(34,186
)
 
(641
)
 
(115,513
)
Amounts reclassified from accumulated other comprehensive income (loss)
159,592

 
32,131

 
(24,952
)
 

 
166,771

Net other comprehensive income (loss) for the period
7,852

 
103,185

 
(59,138
)
 
(641
)
 
51,258

Ending balance, December 31, 2015

$105,970

 

($466,604
)
 

$367,557

 

$2,028

 

$8,951


The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2014

($81,777
)


($288,223
)


$337,256



$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from
accumulated other comprehensive
income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2015:
 
 
Pension and Other
Postretirement Liabilities
 
 
(In Thousands)
 
 
 
Beginning balance, January 1, 2015
 

($79,223
)
Other comprehensive income (loss) before reclassifications
 
21,180

Amounts reclassified from accumulated other
comprehensive income (loss)
 
1,631

Net other comprehensive income (loss) for the period
 
22,811

Ending balance, December 31, 2015
 

($56,412
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2014:

 
Pension and Other
Postretirement Liabilities

 
(In Thousands)
 
 
 
Beginning balance, January 1, 2014
 

($37,837
)
Other comprehensive income (loss) before reclassifications
 
(40,755
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(631
)
Net other comprehensive income (loss) for the period
 
(41,386
)
Ending balance, December 31, 2014
 

($79,223
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2015 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($243,555
)
 
Competitive business operating revenues
Interest rate swaps
 
(1,971
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(245,526
)
 
 
 
 
85,934

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

($159,592
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$23,920

 
(a)
Acceleration of prior-service cost due to curtailment
 
(374
)
 
(a)
Amortization of loss
 
(70,296
)
 
(a)
Settlement loss
 
(1,401
)
 
(a)
Total amortization
 
(48,151
)
 
 
 
 
16,020

 
Income taxes
Total amortization (net of tax)
 

($32,131
)
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$48,926

 
Interest and investment income
 
 
(23,974
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$24,952

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($166,771
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


($193,297
)

Competitive business operating revenues
Interest rate swaps

(2,799
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

(196,096
)




68,634


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


($127,462
)







Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss

(35,836
)

(a)
Settlement loss

(3,643
)

(a)
Total amortization

(19,185
)




22,390


Income taxes
Total amortization (net of tax)


$3,205








Net unrealized investment gain (loss)




Realized gain (loss)


$20,511


Interest and investment income


(10,050
)

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


$10,461








Total reclassifications for the period (net of tax)
 

($113,796
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.



Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2015 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
Amortization of prior-service costs
 

$7,464

 
(a)
Amortization of loss
 
(10,140
)
 
(a)
Settlement loss
 
(14
)
 
(a)
Total amortization
 
(2,690
)
 
 
 
 
1,059

 
Income taxes
Total amortization (net of tax)
 
(1,631
)
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($1,631
)
 
 
(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the year ended December 31, 2014 are as follows:

 
Amounts reclassified
from AOCI

Income Statement Location

 
(In Thousands)
 
 





Pension and other postretirement liabilities


 

Amortization of prior-service costs
 

$5,614

 
(a)
Amortization of loss
 
(4,637
)
 
(a)
Total amortization

977




 
(346
)

Income taxes
Total amortization (net of tax)

631








Total reclassifications for the period (net of tax)
 

$631

 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.