XML 68 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity (Tables)
 3 Months Ended
Mar. 31, 2018
Schedule Of Earnings Per Share Basic And Diluted
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:
 
For the Three Months Ended March 31,
 
2018
 
2017
 
(In Millions, Except Per Share Data)
Basic earnings per share
Income
 
Shares
 
$/share
 
Income
 
Shares
 
$/share
Net income attributable to Entergy Corporation

$132.8

 
180.7

 

$0.73

 

$82.6

 
179.3

 

$0.46

Average dilutive effect of:
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
0.2

 
—

 
 
 
0.1

 
—

Other equity plans
 
 
0.5

 
—

 
 
 
0.4

 
—

Diluted earnings per share

$132.8

 
181.4

 

$0.73

 

$82.6

 
179.8

 

$0.46
Schedule of Accumulated Other Comprehensive Income (Loss)
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 March 31, 2018 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 
Net
unrealized
investment
gain (loss)
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
Ending balance, December 31, 2017

($37,477
)
 

($531,099
)
 

$545,045

 

($23,531
)
Implementation of accounting standards
—

 
—

 
(632,617
)
 
(632,617
)
Beginning balance, January 1, 2018

($37,477
)
 

($531,099
)
 

($87,572
)
 

($656,148
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
71,566

 
—

 
838

 
72,404

Amounts reclassified from accumulated other comprehensive income (loss)
23,861

 
16,574

 
(33,694
)
 
6,741

Net other comprehensive income (loss) for the period
95,427

 
16,574

 
(32,856
)
 
79,145

 
 
 
 
 
 
 
 
Reclassification pursuant to ASU 2018-02
(7,756
)
 
(90,966
)
 
114,227

 
15,505

 
 
 
 
 
 
 
 
Ending balance, March 31, 2018

$50,194

 

($605,491
)
 

($6,201
)
 

($561,498
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended March 31, 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
32,608

 
—

 
39,872

 
—

 
72,480

Amounts reclassified from accumulated other comprehensive income (loss)
(33,136
)
 
8,632

 
(2,045
)
 
—

 
(26,549
)
Net other comprehensive income (loss) for the period
(528
)
 
8,632

 
37,827

 
—

 
45,931

Ending balance, March 31, 2017

$3,465

 

($460,814
)
 

$467,561

 

$748

 

$10,960

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reclassification out of Accumulated Other Comprehensive Income
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the three months ended March 31, 2018 and 2017 are as follows:

Amounts reclassified
from AOCI

Income Statement Location
 
2018
 
2017
 
 

(In Thousands)


Cash flow hedges net unrealized gain (loss)

 
 


   Power contracts

($30,082
)
 

$51,227


Competitive business operating revenues
   Interest rate swaps
(122
)
 
(250
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges
(30,204
)
 
50,977




6,343

 
(17,841
)

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

($23,861
)
 

$33,136






 
 


Pension and other postretirement liabilities


 
 


   Amortization of prior-service credit

$5,426

 

$6,562


(a)
   Amortization of loss
(24,952
)
 
(21,571
)

(a)
   Settlement loss
(1,616
)
 
—


(a)
Total amortization
(21,142
)
 
(15,009
)



4,568

 
6,377


Income taxes
Total amortization (net of tax)

($16,574
)
 

($8,632
)




 
 


Net unrealized investment gain (loss)

 
 


Realized gain (loss)

$53,314

 

$4,010


Interest and investment income

(19,620
)
 
(1,965
)

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

$33,694

 

$2,045






 
 


Total reclassifications for the period (net of tax)

($6,741
)
 

$26,549





(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]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the three months ended March 31, 2018 and 2017:
 
 
Pension and Other
Postretirement Liabilities
 
 
2018
 
2017
 
 
(In Thousands)
Beginning balance, January 1,
 

($46,400
)
 

($48,442
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(501
)
 
(370
)
Net other comprehensive income (loss) for the period
 
(501
)
 
(370
)
 
 
 
 
 
Reclassification pursuant to ASU 2018-02
 
(10,049
)
 
—

 
 
 
 
 
Ending balance, March 31,
 

($56,950
)
 

($48,812
)
    
 
 
 
 
 
Reclassification out of Accumulated Other Comprehensive Income

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the three months ended March 31, 2018 and 2017 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
2018
 
2017
 
 
 
 
(In Thousands)
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
   Amortization of prior-service credit
 

$1,934

 

$1,934

 
(a)
   Amortization of loss
 
(1,257
)
 
(1,332
)
 
(a)
Total amortization
 
677

 
602

 
 
 
 
(176
)
 
(232
)
 
Income taxes
Total amortization (net of tax)
 
501

 
370

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

$501

 

$370

 
 

(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.