XML 82 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information (Tables)
 9 Months Ended
Sep. 30, 2017
Segment Financial Information
Entergy’s segment financial information for the third quarters of 2017 and 2016 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,820,421

 

$423,245

 

$—

 

($38
)
 

$3,243,628

Income taxes
 

$230,647

 

$25,563

 

($14,415
)
 

$—

 

$241,795

Consolidated net income (loss)
 

$403,733

 

$55,765

 

($25,956
)
 

($31,898
)
 

$401,644

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,649,392

 

$475,345

 

$—

 

($34
)
 

$3,124,703

Income taxes
 

$255,603

 

$6,115

 

($3,812
)
 

$—

 

$257,906

Consolidated net income (loss)
 

$447,782

 

$8,221

 

($30,901
)
 

($31,898
)
 

$393,204

 
 
 
 
 
 
 
 
 
 
 

Entergy’s segment financial information for the nine months ended September 30, 2017 and 2016 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,156,865

 

$1,293,867

 

$—

 

($96
)
 

$8,450,636

Income taxes
 

$459,990

 

($507,719
)
 

($39,826
)
 

$—

 

($87,555
)
Consolidated net income (loss)
 

$817,738

 

$252,455

 

($73,434
)
 

($95,695
)
 

$901,064

Total assets as of September 30, 2017
 

$42,669,606

 

$5,630,207

 

$985,466

 

($2,886,837
)
 

$46,398,442

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$6,855,664

 

$1,341,534

 

$—

 

($80
)
 

$8,197,118

Income taxes
 

$359,653

 

($176,626
)
 

($34,148
)
 

$—

 

$148,879

Consolidated net income (loss)
 

$1,027,751

 

$338,651

 

($69,672
)
 

($95,695
)
 

$1,201,035

Total assets as of December 31, 2016
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
Restructuring and Related Costs [Table Text Block]
Additional restructuring charges for the third quarter 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of July 1, 2017

$36

 

$21

 

$57

Restructuring costs accrued
23

 
—

 
23

Non-cash portion
—

 
(7
)
 
(7
)
Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $16 million of impairment charges in the third quarter 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.
    
Additional restructuring charges for the nine months ended September 30, 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1, 2017

$70

 

$21

 

$91

Restructuring costs accrued
89

 
—

 
89

Non-cash portion
—

 
(7
)
 
(7
)
Cash paid out
100

 
—

 
100

Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $422 million of impairment charges in the nine months ended September 30, 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets.