Equity

9 Months Ended

Sep. 30, 2017

EQUITY (Entergy Corporation and Entergy Louisiana)

Common Stock

Earnings per Share

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



	For the Three Months Ended September 30,
	2017						2016
	(In Millions, Except Per Share Data)
Basic earnings per share	Income		Shares	$/share			Income		Shares	$/share
Net income attributable to Entergy Corporation		$398.2	179.6		$2.22			$388.2	179.0		$2.17
Average dilutive effect of:
Stock options			0.2	—					0.3	—
Other equity plans			0.7	(0.01		)			0.7	(0.01		)
Diluted earnings per share		$398.2	180.5		$2.21			$388.2	180.0		$2.16

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 2.5 million for the three months ended September 30, 2017 and approximately 3.5 million for the three months ended September 30, 2016.



	For the Nine Months Ended September 30,
	2017						2016
	(In Millions, Except Per Share Data)
Basic earnings per share	Income		Shares	$/share			Income		Shares	$/share
Net income attributable to Entergy Corporation		$890.7	179.5		$4.96			$1,185.4	178.8		$6.63
Average dilutive effect of:
Stock options			0.2	(0.01		)			0.2	(0.01		)
Other equity plans			0.5	(0.01		)			0.5	(0.02		)
Diluted earnings per share		$890.7	180.2		$4.94			$1,185.4	179.5		$6.60

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 3.3 million for the nine months ended September 30, 2017 and approximately 4.6 million for the nine months ended September 30, 2016.

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, 2017, Entergy Corporation issued 496,177 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards. Entergy Corporation did not repurchase any of its common stock during the nine months ended September 30, 2017.

Retained Earnings

On October 27, 2017, Entergy Corporation’s Board of Directors declared a common stock dividend of $0.89 per share, payable on December 1, 2017, to holders of record as of November 9, 2017.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 30, 2017 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, July 1, 2017		$23,414			($449,898	)		$479,257			$—		$52,773
Other comprehensive income (loss) before reclassifications	27,884			—			35,630			—		63,514
Amounts reclassified from accumulated other comprehensive income (loss)	(14,671		)	12,297			(2,235		)	—		(4,609		)
Net other comprehensive income (loss) for the period	13,213			12,297			33,395			—		58,905
Ending balance, September 30, 2017		$36,627			($437,601	)		$512,652			$—		$111,678

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 30, 2016 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, July 1, 2016		$32,423			($453,999	)		$411,581			$840			($9,155	)
Other comprehensive income (loss) before reclassifications	45,162			—			23,039			(92		)	68,109
Amounts reclassified from accumulated other comprehensive income (loss)	(24,190		)	5,044			(1,672		)	—			(20,818		)
Net other comprehensive income (loss) for the period	20,972			5,044			21,367			(92		)	47,291
Ending balance, September 30, 2016		$53,395			($448,955	)		$432,948			$748			$38,136

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2017 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, January 1, 2017		$3,993			($469,446	)		$429,734			$748			($34,971	)
Other comprehensive income (loss) before reclassifications	88,550			—			109,372			(748		)	197,174
Amounts reclassified from accumulated other comprehensive income (loss)	(55,916		)	31,845			(26,454		)	—			(50,525		)
Net other comprehensive income (loss) for the period	32,634			31,845			82,918			(748		)	146,649
Ending balance, September 30, 2017		$36,627			($437,601	)		$512,652			$—			$111,678

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2016 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, January 1, 2016		$105,970			($466,604	)		$367,557			$2,028			$8,951
Other comprehensive income (loss) before reclassifications	101,071			—			72,087			(1,280		)	171,878
Amounts reclassified from accumulated other comprehensive income (loss)	(153,646		)	17,649			(6,696		)	—			(142,693		)
Net other comprehensive income (loss) for the period	(52,575		)	17,649			65,391			(1,280		)	29,185
Ending balance, September 30, 2016		$53,395			($448,955	)		$432,948			$748			$38,136

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the three months ended September 30, 2017 and 2016:



	Pension and Other Postretirement Liabilities
	2017			2016
	(In Thousands)
Beginning balance, July 1,		($49,122	)		($56,905	)
Amounts reclassified from accumulated other comprehensive income (loss)	(370		)	(232		)
Net other comprehensive income (loss) for the period	(370		)	(232		)
Ending balance, September 30,		($49,492	)		($57,137	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the nine months ended September 30, 2017 and 2016:



	Pension and Other Postretirement Liabilities
	2017			2016
	(In Thousands)
Beginning balance, January 1,		($48,442	)		($56,412	)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,050		)	(725		)
Net other comprehensive income (loss) for the period	(1,050		)	(725		)
Ending balance, September 30,		($49,492	)		($57,137	)

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended September 30, 2017 and 2016 are as follows:



	Amounts reclassified from AOCI						Income Statement Location
	2017			2016
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts		$22,756			$37,550		Competitive business operating revenues
Interest rate swaps	(185		)	(334		)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	22,571			37,216
	(7,900		)	(13,026		)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)		$14,671			$24,190

Pension and other postretirement liabilities
Amortization of prior-service credit		$6,565			$7,354		(a)
Amortization of loss	(21,480		)	(15,183		)	(a)
Settlement loss	(4,200		)	(1,279		)	(a)
Total amortization	(19,115		)	(9,108		)
	6,818			4,064			Income taxes
Total amortization (net of tax)		($12,297	)		($5,044	)

Net unrealized investment gain (loss)
Realized gain (loss)		$4,382			$3,279		Interest and investment income
	(2,147		)	(1,607		)	Income taxes
Total realized investment gain (loss) (net of tax)		$2,235			$1,672

Total reclassifications for the period (net of tax)		$4,609			$20,818


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

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the nine months ended September 30, 2017 and 2016 are as follows:



	Amounts reclassified from AOCI						Income Statement Location
	2017			2016
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts		$86,678			$237,483		Competitive business operating revenues
Interest rate swaps	(654		)	(1,104		)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	86,024			236,379
	(30,108		)	(82,733		)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)		$55,916			$153,646

Pension and other postretirement liabilities
Amortization of prior-service credit		$19,691			$22,064		(a)
Amortization of loss	(64,605		)	(45,535		)	(a)
Settlement loss	(5,965		)	(1,279		)	(a)
Total amortization	(50,879		)	(24,750		)
	19,034			7,101			Income taxes
Total amortization (net of tax)		($31,845	)		($17,649	)

Net unrealized investment gain (loss)
Realized gain (loss)		$51,871			$13,129		Interest and investment income
	(25,417		)	(6,433		)	Income taxes
Total realized investment gain (loss) (net of tax)		$26,454			$6,696

Total reclassifications for the period (net of tax)		$50,525			$142,693


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

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the three months ended September 30, 2017 and 2016 are as follows:



	Amounts reclassified from AOCI						Income Statement Location
	2017			2016
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service credit		$1,934			$1,947		(a)
Amortization of loss	(1,332		)	(1,570		)	(a)
Total amortization	602			377
	(232		)	(145		)	Income taxes
Total amortization (net of tax)	370			232

Total reclassifications for the period (net of tax)		$370			$232


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

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the nine months ended September 30, 2017 and 2016 are as follows:



	Amounts reclassified from AOCI						Income Statement Location
	2017			2016
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service credit		$5,802			$5,841		(a)
Amortization of loss	(3,996		)	(4,712		)	(a)
Total amortization	1,806			1,129
	(756		)	(404		)	Income taxes
Total amortization (net of tax)	1,050			725

Total reclassifications for the period (net of tax)		$1,050			$725


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

Entergy Louisiana [Member]

Equity