XML 56 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax $ 7,062 $ 11,172 $ 17,387 $ (28,605)
OPERATING REVENUES        
Electric 2,793,798 2,624,562 7,056,758 6,760,054
Natural gas 26,585 24,796 100,011 95,530
Competitive businesses 423,245 475,345 1,293,867 1,341,534
TOTAL 3,243,628 3,124,703 8,450,636 8,197,118
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 612,950 460,990 1,426,462 1,347,422
Purchased power 408,140 375,107 1,182,404 880,102
Nuclear refueling outage expenses 43,273 56,675 124,126 154,951
Other operation and maintenance 804,535 833,176 2,492,379 2,324,350
Asset Write-Offs, Impairments, And Related Charges 16,221 18,841 421,584 33,170
Decommissioning 95,392 85,266 310,062 230,519
Taxes other than income taxes 159,474 149,076 469,090 448,103
Depreciation and amortization 354,739 340,399 1,052,332 1,010,339
Other regulatory charges (credits) - net 19,435 33,113 (59,314) 55,626
TOTAL 2,514,159 2,352,643 7,419,125 6,484,582
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 0 0 (16,270) 0
OPERATING INCOME 729,469 772,060 1,047,781 1,712,536
OTHER INCOME        
Allowance for equity funds used during construction 24,338 15,451 65,722 48,242
Investment Income, Net 58,332 37,534 194,978 116,662
Miscellaneous - net (1,801) (6,740) (3,172) (25,702)
TOTAL 80,869 46,245 257,528 139,202
INTEREST EXPENSE        
Interest expense 178,391 174,902 522,857 526,344
Allowance for borrowed funds used during construction (11,492) (7,707) (31,057) (24,520)
TOTAL 166,899 167,195 491,800 501,824
INCOME BEFORE INCOME TAXES 643,439 651,110 813,509 1,349,914
Income taxes 241,795 257,906 (87,555) 148,879
CONSOLIDATED NET INCOME 401,644 393,204 901,064 [1] 1,201,035 [1]
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 3,446 5,034 10,338 15,586
EARNINGS APPLICABLE TO COMMON STOCK $ 398,198 $ 388,170 $ 890,726 $ 1,185,449
Earnings per average common share:        
Basic (in dollars per share) $ 2.22 $ 2.17 $ 4.96 $ 6.63
Diluted (in dollars per share) 2.21 2.16 4.94 6.60
Dividends declared per common share (in dollars per share) $ 0.87 $ 0.85 $ 2.61 $ 2.55
Basic average number of common shares outstanding (in shares) 179,563,819 179,023,351 179,458,914 178,804,148
Diluted average number of common shares outstanding (in shares) 180,464,069 179,990,888 180,163,074 179,490,060
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax $ 6,818 $ 4,064 $ 19,034 $ 7,101
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax 30,644 20,635 72,808 58,508
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax 0 (48) (403) (688)
Entergy Arkansas [Member]        
OPERATING REVENUES        
Electric 673,226 654,599 1,644,239 1,624,224
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 133,254 105,147 283,354 274,106
Purchased power 63,423 52,023 193,108 163,541
Nuclear refueling outage expenses 22,988 14,554 59,942 44,604
Other operation and maintenance 175,013 187,294 512,691 514,109
Decommissioning 14,320 13,504 42,321 39,908
Taxes other than income taxes 29,259 24,931 78,438 70,978
Depreciation and amortization 70,433 67,309 206,586 197,597
Other regulatory charges (credits) - net (5,219) 1,177 (10,797) 2,896
TOTAL 503,471 465,939 1,365,643 1,307,739
OPERATING INCOME 169,755 188,660 278,596 316,485
OTHER INCOME        
Allowance for equity funds used during construction 4,140 3,734 13,922 12,661
Investment Income, Net 6,738 5,410 27,865 14,774
Miscellaneous - net 183 812 19 (983)
TOTAL 11,061 9,956 41,806 26,452
INTEREST EXPENSE        
Interest expense 31,010 28,152 86,776 88,726
Allowance for borrowed funds used during construction (1,944) (2,000) (6,458) (6,851)
TOTAL 29,066 26,152 80,318 81,875
INCOME BEFORE INCOME TAXES 151,750 172,464 240,084 261,062
Income taxes 59,112 62,316 94,592 97,729
CONSOLIDATED NET INCOME 92,638 110,148 145,492 163,333
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 357 1,476 1,071 4,913
EARNINGS APPLICABLE TO COMMON STOCK 92,281 108,672 144,421 158,420
Entergy Louisiana [Member]        
OPERATING REVENUES        
Electric 1,280,475 1,240,217 3,216,677 3,166,380
Natural gas 10,019 9,235 38,034 37,251
TOTAL 1,290,494 1,249,452 3,254,711 3,203,631
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 301,584 261,979 635,684 616,402
Purchased power 273,325 261,212 795,825 677,309
Nuclear refueling outage expenses 13,616 12,894 38,565 38,648
Other operation and maintenance 238,249 229,717 704,696 668,738
Decommissioning 12,444 11,812 36,850 34,978
Taxes other than income taxes 45,059 38,129 135,418 124,857
Depreciation and amortization 117,923 114,251 349,660 336,294
Other regulatory charges (credits) - net (1,795) 6,507 (78,503) 18,084
TOTAL 1,000,405 936,501 2,618,195 2,515,310
OPERATING INCOME 290,089 312,951 636,516 688,321
OTHER INCOME        
Allowance for equity funds used during construction 13,393 6,735 34,492 18,479
Investment Income, Net 42,662 38,731 124,411 116,398
Miscellaneous - net (2,957) (4,429) (8,631) (10,044)
TOTAL 53,098 41,037 150,272 124,833
INTEREST EXPENSE        
Interest expense 69,518 68,396 205,316 204,259
Allowance for borrowed funds used during construction (6,713) (3,455) (17,428) (9,735)
TOTAL 62,805 64,941 187,888 194,524
INCOME BEFORE INCOME TAXES 280,382 289,047 598,900 618,630
Income taxes 94,098 99,541 193,759 64,193
CONSOLIDATED NET INCOME 186,284 189,506 405,141 554,437
Earnings per average common share:        
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax (232) (145) (756) (404)
Entergy Mississippi [Member]        
OPERATING REVENUES        
Electric 349,197 309,739 898,852 820,923
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 61,681 3,444 146,869 64,790
Purchased power 90,086 87,070 236,409 216,814
Other operation and maintenance 57,491 67,155 172,199 178,809
Taxes other than income taxes 23,568 24,837 71,518 68,821
Depreciation and amortization 36,176 34,438 106,935 101,746
Other regulatory charges (credits) - net (3,840) 4,483 (13,983) (1,832)
TOTAL 265,162 221,427 719,947 629,148
OPERATING INCOME 84,035 88,312 178,905 191,775
OTHER INCOME        
Allowance for equity funds used during construction 2,566 1,441 6,741 4,072
Investment Income, Net 0 129 33 490
Miscellaneous - net (54) (849) (1,032) (2,604)
TOTAL 2,512 721 5,742 1,958
INTEREST EXPENSE        
Interest expense 12,713 13,866 37,953 43,866
Allowance for borrowed funds used during construction (1,048) (741) (2,681) (2,099)
TOTAL 11,665 13,125 35,272 41,767
INCOME BEFORE INCOME TAXES 74,882 75,908 149,375 151,966
Income taxes 28,337 29,296 57,369 56,042
CONSOLIDATED NET INCOME 46,545 46,612 92,006 95,924
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 238 707 715 2,121
EARNINGS APPLICABLE TO COMMON STOCK 46,307 45,905 91,291 93,803
Entergy New Orleans [Member]        
OPERATING REVENUES        
Electric 182,451 185,775 482,251 457,317
Natural gas 16,566 15,561 61,977 58,279
TOTAL 199,017 201,336 544,228 515,596
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 26,082 19,231 79,118 42,706
Purchased power 79,137 82,581 220,601 221,689
Other operation and maintenance 26,448 27,251 74,256 78,752
Taxes other than income taxes 15,135 13,409 41,397 35,846
Depreciation and amortization 13,286 13,047 39,356 38,719
Other regulatory charges (credits) - net 5,514 3,538 6,717 6,812
TOTAL 165,602 159,057 461,445 424,524
OPERATING INCOME 33,415 42,279 82,783 91,072
OTHER INCOME        
Allowance for equity funds used during construction 654 311 1,656 767
Investment Income, Net 222 58 521 157
Miscellaneous - net 39 (92) 177 (144)
TOTAL 915 277 2,354 780
INTEREST EXPENSE        
Interest expense 5,313 5,373 16,012 15,730
Allowance for borrowed funds used during construction (229) (116) (580) (291)
TOTAL 5,084 5,257 15,432 15,439
INCOME BEFORE INCOME TAXES 29,246 37,299 69,705 76,413
Income taxes 10,717 13,598 25,316 29,701
CONSOLIDATED NET INCOME 18,529 23,701 44,389 46,712
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 241 241 724 724
EARNINGS APPLICABLE TO COMMON STOCK 18,288 23,460 43,665 45,988
Entergy Texas [Member]        
OPERATING REVENUES        
Electric 432,909 442,085 1,175,324 1,233,311
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 60,292 21,919 164,447 185,801
Purchased power 163,532 189,213 474,241 486,696
Other operation and maintenance 51,917 50,536 162,400 157,706
Taxes other than income taxes 20,811 17,486 59,506 54,081
Depreciation and amortization 29,788 27,412 87,272 79,526
Other regulatory charges (credits) - net 27,619 27,555 61,879 62,229
TOTAL 353,959 334,121 1,009,745 1,026,039
OPERATING INCOME 78,950 107,964 165,579 207,272
OTHER INCOME        
Allowance for equity funds used during construction 1,849 1,472 4,762 6,174
Investment Income, Net 244 221 656 689
Miscellaneous - net 1,298 (256) 485 (726)
TOTAL 3,391 1,437 5,903 6,137
INTEREST EXPENSE        
Interest expense 21,714 22,416 64,949 65,993
Allowance for borrowed funds used during construction (1,134) (954) (2,896) (4,008)
TOTAL 20,580 21,462 62,053 61,985
INCOME BEFORE INCOME TAXES 61,761 87,939 109,429 151,424
Income taxes 22,173 31,806 37,886 56,671
CONSOLIDATED NET INCOME 39,588 56,133 71,543 94,753
System Energy [Member]        
OPERATING REVENUES        
Electric 156,106 114,039 475,849 403,056
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 16,170 (7,393) 53,164 26,429
Nuclear refueling outage expenses 4,435 4,958 13,595 14,448
Other operation and maintenance 51,392 32,867 154,103 100,793
Decommissioning 8,290 12,802 34,974 37,782
Taxes other than income taxes 6,679 6,256 19,767 18,894
Depreciation and amortization 34,524 30,811 105,152 100,902
Other regulatory charges (credits) - net (2,843) (10,148) (24,626) (32,564)
TOTAL 118,647 70,153 356,129 266,684
OPERATING INCOME 37,459 43,886 119,720 136,372
OTHER INCOME        
Allowance for equity funds used during construction 1,736 1,758 4,148 6,089
Investment Income, Net 6,624 4,233 15,021 12,631
Miscellaneous - net (130) (109) (361) (365)
TOTAL 8,230 5,882 18,808 18,355
INTEREST EXPENSE        
Interest expense 9,169 9,186 27,469 28,119
Allowance for borrowed funds used during construction (425) (440) (1,014) (1,536)
TOTAL 8,744 8,746 26,455 26,583
INCOME BEFORE INCOME TAXES 36,945 41,022 112,073 128,144
Income taxes 16,362 18,652 51,793 54,726
CONSOLIDATED NET INCOME $ 20,583 $ 22,370 $ 60,280 $ 73,418
[1] (a) Consolidated net income and preferred dividend requirements of subsidiaries for 2017 and 2016 include $10.3 million and $15.6 million, respectively, of preferred dividends on subsidiaries’ preferred stock without sinking fund that is not presented within equity.