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Business Segment Information
 12 Months Ended
Dec. 31, 2019
Business Segment Information BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
 
Entergy’s reportable segments as of December 31, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2019
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,583,985

 

$1,294,719

 

$21

 

($52
)
 

$10,878,673

Asset write-offs, impairments, and related charges
 

$—

 

$290,027

 

$—

 

$—

 

$290,027

Depreciation, amortization, & decommissioning
 

$1,493,167

 

$384,707

 

$2,944

 

$—

 

$1,880,818

Interest and investment income
 

$289,570

 

$414,636

 

$26,295

 

($182,589
)
 

$547,912

Interest expense
 

$589,395

 

$29,450

 

$178,575

 

($54,995
)
 

$742,425

Income taxes
 

$19,634

 

($161,295
)
 

($28,164
)
 

$—

 

($169,825
)
Consolidated net income (loss)
 

$1,425,643

 

$148,870

 

($188,675
)
 

($127,594
)
 

$1,258,244

Total assets
 

$49,557,664

 

$4,154,961

 

$514,020

 

($2,502,733
)
 

$51,723,912

Cash paid for long-lived asset additions
 

$4,527,045

 

$104,300

 

$160

 

$—

 

$4,631,505


2018
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,540,670

 

$1,468,905

 

$—

 

($123
)
 

$11,009,452

Asset write-offs, impairments, and related charges
 

$—

 

$532,321

 

$—

 

$—

 

$532,321

Depreciation, amortization, & decommissioning
 

$1,367,944

 

$388,732

 

$1,274

 

$—

 

$1,757,950

Interest and investment income
 

$203,936

 

$14,543

 

$31,602

 

($186,217
)
 

$63,864

Interest expense
 

$552,919

 

$33,694

 

$179,358

 

($58,623
)
 

$707,348

Income taxes
 

($732,548
)
 

($269,025
)
 

($35,253
)
 

$—

 

($1,036,826
)
Consolidated net income (loss)
 

$1,495,061

 

($340,641
)
 

($164,271
)
 

($127,594
)
 

$862,555

Total assets
 

$44,777,167

 

$5,459,275

 

$733,366

 

($2,694,742
)
 

$48,275,066

Cash paid for long-lived asset additions
 

$3,987,424

 

$283,707

 

$86

 

$—

 

$4,271,217


2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.
In March 2017, Entergy sold the FitzPatrick plant, which it had intended to shut down, to Exelon. In January 2019, Entergy sold the Vermont Yankee plant, which it had previously shut down, to NorthStar. In August 2019, Entergy sold the Pilgrim plant, which it had previously shut down, to Holtec. Entergy has also announced plans to shut down Indian Point 2 in 2020, Indian Point 3 in 2021, and Palisades in 2022, and has purchase and sale agreements with Holtec for each of them expected to close after they are shut down. Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants pending their sales to third parties.
 
The decisions to shut down these plants and the related transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2019, 2018, and 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 December 31, 2016
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97

Restructuring costs accrued
 
139

 
—

 
139

Cash paid out
 
43

 
—

 
43

Balance as of December 31, 2018
 

$179

 

$14

 

$193

Restructuring costs accrued
 
91

 
—

 
91

Cash paid out
 
141

 
—

 
141

Balance as of December 31, 2019
 

$129

 

$14

 

$143


In addition, Entergy Wholesale Commodities incurred $290 million in 2019, $532 million in 2018, and $538 million in 2017 of impairment, loss on sales, and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $75 million in 2020 and a total of approximately $55 million from 2021 through 2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2019, 2018, and 2017, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2019 and 2018, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Arkansas [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
 
Entergy’s reportable segments as of December 31, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2019
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,583,985

 

$1,294,719

 

$21

 

($52
)
 

$10,878,673

Asset write-offs, impairments, and related charges
 

$—

 

$290,027

 

$—

 

$—

 

$290,027

Depreciation, amortization, & decommissioning
 

$1,493,167

 

$384,707

 

$2,944

 

$—

 

$1,880,818

Interest and investment income
 

$289,570

 

$414,636

 

$26,295

 

($182,589
)
 

$547,912

Interest expense
 

$589,395

 

$29,450

 

$178,575

 

($54,995
)
 

$742,425

Income taxes
 

$19,634

 

($161,295
)
 

($28,164
)
 

$—

 

($169,825
)
Consolidated net income (loss)
 

$1,425,643

 

$148,870

 

($188,675
)
 

($127,594
)
 

$1,258,244

Total assets
 

$49,557,664

 

$4,154,961

 

$514,020

 

($2,502,733
)
 

$51,723,912

Cash paid for long-lived asset additions
 

$4,527,045

 

$104,300

 

$160

 

$—

 

$4,631,505


2018
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,540,670

 

$1,468,905

 

$—

 

($123
)
 

$11,009,452

Asset write-offs, impairments, and related charges
 

$—

 

$532,321

 

$—

 

$—

 

$532,321

Depreciation, amortization, & decommissioning
 

$1,367,944

 

$388,732

 

$1,274

 

$—

 

$1,757,950

Interest and investment income
 

$203,936

 

$14,543

 

$31,602

 

($186,217
)
 

$63,864

Interest expense
 

$552,919

 

$33,694

 

$179,358

 

($58,623
)
 

$707,348

Income taxes
 

($732,548
)
 

($269,025
)
 

($35,253
)
 

$—

 

($1,036,826
)
Consolidated net income (loss)
 

$1,495,061

 

($340,641
)
 

($164,271
)
 

($127,594
)
 

$862,555

Total assets
 

$44,777,167

 

$5,459,275

 

$733,366

 

($2,694,742
)
 

$48,275,066

Cash paid for long-lived asset additions
 

$3,987,424

 

$283,707

 

$86

 

$—

 

$4,271,217


2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.
In March 2017, Entergy sold the FitzPatrick plant, which it had intended to shut down, to Exelon. In January 2019, Entergy sold the Vermont Yankee plant, which it had previously shut down, to NorthStar. In August 2019, Entergy sold the Pilgrim plant, which it had previously shut down, to Holtec. Entergy has also announced plans to shut down Indian Point 2 in 2020, Indian Point 3 in 2021, and Palisades in 2022, and has purchase and sale agreements with Holtec for each of them expected to close after they are shut down. Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants pending their sales to third parties.
 
The decisions to shut down these plants and the related transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2019, 2018, and 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 December 31, 2016
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97

Restructuring costs accrued
 
139

 
—

 
139

Cash paid out
 
43

 
—

 
43

Balance as of December 31, 2018
 

$179

 

$14

 

$193

Restructuring costs accrued
 
91

 
—

 
91

Cash paid out
 
141

 
—

 
141

Balance as of December 31, 2019
 

$129

 

$14

 

$143


In addition, Entergy Wholesale Commodities incurred $290 million in 2019, $532 million in 2018, and $538 million in 2017 of impairment, loss on sales, and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $75 million in 2020 and a total of approximately $55 million from 2021 through 2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2019, 2018, and 2017, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2019 and 2018, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Louisiana [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
 
Entergy’s reportable segments as of December 31, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2019
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,583,985

 

$1,294,719

 

$21

 

($52
)
 

$10,878,673

Asset write-offs, impairments, and related charges
 

$—

 

$290,027

 

$—

 

$—

 

$290,027

Depreciation, amortization, & decommissioning
 

$1,493,167

 

$384,707

 

$2,944

 

$—

 

$1,880,818

Interest and investment income
 

$289,570

 

$414,636

 

$26,295

 

($182,589
)
 

$547,912

Interest expense
 

$589,395

 

$29,450

 

$178,575

 

($54,995
)
 

$742,425

Income taxes
 

$19,634

 

($161,295
)
 

($28,164
)
 

$—

 

($169,825
)
Consolidated net income (loss)
 

$1,425,643

 

$148,870

 

($188,675
)
 

($127,594
)
 

$1,258,244

Total assets
 

$49,557,664

 

$4,154,961

 

$514,020

 

($2,502,733
)
 

$51,723,912

Cash paid for long-lived asset additions
 

$4,527,045

 

$104,300

 

$160

 

$—

 

$4,631,505


2018
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,540,670

 

$1,468,905

 

$—

 

($123
)
 

$11,009,452

Asset write-offs, impairments, and related charges
 

$—

 

$532,321

 

$—

 

$—

 

$532,321

Depreciation, amortization, & decommissioning
 

$1,367,944

 

$388,732

 

$1,274

 

$—

 

$1,757,950

Interest and investment income
 

$203,936

 

$14,543

 

$31,602

 

($186,217
)
 

$63,864

Interest expense
 

$552,919

 

$33,694

 

$179,358

 

($58,623
)
 

$707,348

Income taxes
 

($732,548
)
 

($269,025
)
 

($35,253
)
 

$—

 

($1,036,826
)
Consolidated net income (loss)
 

$1,495,061

 

($340,641
)
 

($164,271
)
 

($127,594
)
 

$862,555

Total assets
 

$44,777,167

 

$5,459,275

 

$733,366

 

($2,694,742
)
 

$48,275,066

Cash paid for long-lived asset additions
 

$3,987,424

 

$283,707

 

$86

 

$—

 

$4,271,217


2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.
In March 2017, Entergy sold the FitzPatrick plant, which it had intended to shut down, to Exelon. In January 2019, Entergy sold the Vermont Yankee plant, which it had previously shut down, to NorthStar. In August 2019, Entergy sold the Pilgrim plant, which it had previously shut down, to Holtec. Entergy has also announced plans to shut down Indian Point 2 in 2020, Indian Point 3 in 2021, and Palisades in 2022, and has purchase and sale agreements with Holtec for each of them expected to close after they are shut down. Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants pending their sales to third parties.
 
The decisions to shut down these plants and the related transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2019, 2018, and 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 December 31, 2016
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97

Restructuring costs accrued
 
139

 
—

 
139

Cash paid out
 
43

 
—

 
43

Balance as of December 31, 2018
 

$179

 

$14

 

$193

Restructuring costs accrued
 
91

 
—

 
91

Cash paid out
 
141

 
—

 
141

Balance as of December 31, 2019
 

$129

 

$14

 

$143


In addition, Entergy Wholesale Commodities incurred $290 million in 2019, $532 million in 2018, and $538 million in 2017 of impairment, loss on sales, and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $75 million in 2020 and a total of approximately $55 million from 2021 through 2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2019, 2018, and 2017, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2019 and 2018, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Mississippi [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
 
Entergy’s reportable segments as of December 31, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2019
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,583,985

 

$1,294,719

 

$21

 

($52
)
 

$10,878,673

Asset write-offs, impairments, and related charges
 

$—

 

$290,027

 

$—

 

$—

 

$290,027

Depreciation, amortization, & decommissioning
 

$1,493,167

 

$384,707

 

$2,944

 

$—

 

$1,880,818

Interest and investment income
 

$289,570

 

$414,636

 

$26,295

 

($182,589
)
 

$547,912

Interest expense
 

$589,395

 

$29,450

 

$178,575

 

($54,995
)
 

$742,425

Income taxes
 

$19,634

 

($161,295
)
 

($28,164
)
 

$—

 

($169,825
)
Consolidated net income (loss)
 

$1,425,643

 

$148,870

 

($188,675
)
 

($127,594
)
 

$1,258,244

Total assets
 

$49,557,664

 

$4,154,961

 

$514,020

 

($2,502,733
)
 

$51,723,912

Cash paid for long-lived asset additions
 

$4,527,045

 

$104,300

 

$160

 

$—

 

$4,631,505


2018
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,540,670

 

$1,468,905

 

$—

 

($123
)
 

$11,009,452

Asset write-offs, impairments, and related charges
 

$—

 

$532,321

 

$—

 

$—

 

$532,321

Depreciation, amortization, & decommissioning
 

$1,367,944

 

$388,732

 

$1,274

 

$—

 

$1,757,950

Interest and investment income
 

$203,936

 

$14,543

 

$31,602

 

($186,217
)
 

$63,864

Interest expense
 

$552,919

 

$33,694

 

$179,358

 

($58,623
)
 

$707,348

Income taxes
 

($732,548
)
 

($269,025
)
 

($35,253
)
 

$—

 

($1,036,826
)
Consolidated net income (loss)
 

$1,495,061

 

($340,641
)
 

($164,271
)
 

($127,594
)
 

$862,555

Total assets
 

$44,777,167

 

$5,459,275

 

$733,366

 

($2,694,742
)
 

$48,275,066

Cash paid for long-lived asset additions
 

$3,987,424

 

$283,707

 

$86

 

$—

 

$4,271,217


2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.
In March 2017, Entergy sold the FitzPatrick plant, which it had intended to shut down, to Exelon. In January 2019, Entergy sold the Vermont Yankee plant, which it had previously shut down, to NorthStar. In August 2019, Entergy sold the Pilgrim plant, which it had previously shut down, to Holtec. Entergy has also announced plans to shut down Indian Point 2 in 2020, Indian Point 3 in 2021, and Palisades in 2022, and has purchase and sale agreements with Holtec for each of them expected to close after they are shut down. Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants pending their sales to third parties.
 
The decisions to shut down these plants and the related transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2019, 2018, and 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 December 31, 2016
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97

Restructuring costs accrued
 
139

 
—

 
139

Cash paid out
 
43

 
—

 
43

Balance as of December 31, 2018
 

$179

 

$14

 

$193

Restructuring costs accrued
 
91

 
—

 
91

Cash paid out
 
141

 
—

 
141

Balance as of December 31, 2019
 

$129

 

$14

 

$143


In addition, Entergy Wholesale Commodities incurred $290 million in 2019, $532 million in 2018, and $538 million in 2017 of impairment, loss on sales, and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $75 million in 2020 and a total of approximately $55 million from 2021 through 2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2019, 2018, and 2017, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2019 and 2018, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy New Orleans [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
 
Entergy’s reportable segments as of December 31, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2019
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,583,985

 

$1,294,719

 

$21

 

($52
)
 

$10,878,673

Asset write-offs, impairments, and related charges
 

$—

 

$290,027

 

$—

 

$—

 

$290,027

Depreciation, amortization, & decommissioning
 

$1,493,167

 

$384,707

 

$2,944

 

$—

 

$1,880,818

Interest and investment income
 

$289,570

 

$414,636

 

$26,295

 

($182,589
)
 

$547,912

Interest expense
 

$589,395

 

$29,450

 

$178,575

 

($54,995
)
 

$742,425

Income taxes
 

$19,634

 

($161,295
)
 

($28,164
)
 

$—

 

($169,825
)
Consolidated net income (loss)
 

$1,425,643

 

$148,870

 

($188,675
)
 

($127,594
)
 

$1,258,244

Total assets
 

$49,557,664

 

$4,154,961

 

$514,020

 

($2,502,733
)
 

$51,723,912

Cash paid for long-lived asset additions
 

$4,527,045

 

$104,300

 

$160

 

$—

 

$4,631,505


2018
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,540,670

 

$1,468,905

 

$—

 

($123
)
 

$11,009,452

Asset write-offs, impairments, and related charges
 

$—

 

$532,321

 

$—

 

$—

 

$532,321

Depreciation, amortization, & decommissioning
 

$1,367,944

 

$388,732

 

$1,274

 

$—

 

$1,757,950

Interest and investment income
 

$203,936

 

$14,543

 

$31,602

 

($186,217
)
 

$63,864

Interest expense
 

$552,919

 

$33,694

 

$179,358

 

($58,623
)
 

$707,348

Income taxes
 

($732,548
)
 

($269,025
)
 

($35,253
)
 

$—

 

($1,036,826
)
Consolidated net income (loss)
 

$1,495,061

 

($340,641
)
 

($164,271
)
 

($127,594
)
 

$862,555

Total assets
 

$44,777,167

 

$5,459,275

 

$733,366

 

($2,694,742
)
 

$48,275,066

Cash paid for long-lived asset additions
 

$3,987,424

 

$283,707

 

$86

 

$—

 

$4,271,217


2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.
In March 2017, Entergy sold the FitzPatrick plant, which it had intended to shut down, to Exelon. In January 2019, Entergy sold the Vermont Yankee plant, which it had previously shut down, to NorthStar. In August 2019, Entergy sold the Pilgrim plant, which it had previously shut down, to Holtec. Entergy has also announced plans to shut down Indian Point 2 in 2020, Indian Point 3 in 2021, and Palisades in 2022, and has purchase and sale agreements with Holtec for each of them expected to close after they are shut down. Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants pending their sales to third parties.
 
The decisions to shut down these plants and the related transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2019, 2018, and 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 December 31, 2016
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97

Restructuring costs accrued
 
139

 
—

 
139

Cash paid out
 
43

 
—

 
43

Balance as of December 31, 2018
 

$179

 

$14

 

$193

Restructuring costs accrued
 
91

 
—

 
91

Cash paid out
 
141

 
—

 
141

Balance as of December 31, 2019
 

$129

 

$14

 

$143


In addition, Entergy Wholesale Commodities incurred $290 million in 2019, $532 million in 2018, and $538 million in 2017 of impairment, loss on sales, and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $75 million in 2020 and a total of approximately $55 million from 2021 through 2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2019, 2018, and 2017, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2019 and 2018, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Texas [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
 
Entergy’s reportable segments as of December 31, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2019
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,583,985

 

$1,294,719

 

$21

 

($52
)
 

$10,878,673

Asset write-offs, impairments, and related charges
 

$—

 

$290,027

 

$—

 

$—

 

$290,027

Depreciation, amortization, & decommissioning
 

$1,493,167

 

$384,707

 

$2,944

 

$—

 

$1,880,818

Interest and investment income
 

$289,570

 

$414,636

 

$26,295

 

($182,589
)
 

$547,912

Interest expense
 

$589,395

 

$29,450

 

$178,575

 

($54,995
)
 

$742,425

Income taxes
 

$19,634

 

($161,295
)
 

($28,164
)
 

$—

 

($169,825
)
Consolidated net income (loss)
 

$1,425,643

 

$148,870

 

($188,675
)
 

($127,594
)
 

$1,258,244

Total assets
 

$49,557,664

 

$4,154,961

 

$514,020

 

($2,502,733
)
 

$51,723,912

Cash paid for long-lived asset additions
 

$4,527,045

 

$104,300

 

$160

 

$—

 

$4,631,505


2018
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,540,670

 

$1,468,905

 

$—

 

($123
)
 

$11,009,452

Asset write-offs, impairments, and related charges
 

$—

 

$532,321

 

$—

 

$—

 

$532,321

Depreciation, amortization, & decommissioning
 

$1,367,944

 

$388,732

 

$1,274

 

$—

 

$1,757,950

Interest and investment income
 

$203,936

 

$14,543

 

$31,602

 

($186,217
)
 

$63,864

Interest expense
 

$552,919

 

$33,694

 

$179,358

 

($58,623
)
 

$707,348

Income taxes
 

($732,548
)
 

($269,025
)
 

($35,253
)
 

$—

 

($1,036,826
)
Consolidated net income (loss)
 

$1,495,061

 

($340,641
)
 

($164,271
)
 

($127,594
)
 

$862,555

Total assets
 

$44,777,167

 

$5,459,275

 

$733,366

 

($2,694,742
)
 

$48,275,066

Cash paid for long-lived asset additions
 

$3,987,424

 

$283,707

 

$86

 

$—

 

$4,271,217


2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.
In March 2017, Entergy sold the FitzPatrick plant, which it had intended to shut down, to Exelon. In January 2019, Entergy sold the Vermont Yankee plant, which it had previously shut down, to NorthStar. In August 2019, Entergy sold the Pilgrim plant, which it had previously shut down, to Holtec. Entergy has also announced plans to shut down Indian Point 2 in 2020, Indian Point 3 in 2021, and Palisades in 2022, and has purchase and sale agreements with Holtec for each of them expected to close after they are shut down. Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants pending their sales to third parties.
 
The decisions to shut down these plants and the related transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2019, 2018, and 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 December 31, 2016
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97

Restructuring costs accrued
 
139

 
—

 
139

Cash paid out
 
43

 
—

 
43

Balance as of December 31, 2018
 

$179

 

$14

 

$193

Restructuring costs accrued
 
91

 
—

 
91

Cash paid out
 
141

 
—

 
141

Balance as of December 31, 2019
 

$129

 

$14

 

$143


In addition, Entergy Wholesale Commodities incurred $290 million in 2019, $532 million in 2018, and $538 million in 2017 of impairment, loss on sales, and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $75 million in 2020 and a total of approximately $55 million from 2021 through 2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2019, 2018, and 2017, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2019 and 2018, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
System Energy [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
 
Entergy’s reportable segments as of December 31, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2019
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,583,985

 

$1,294,719

 

$21

 

($52
)
 

$10,878,673

Asset write-offs, impairments, and related charges
 

$—

 

$290,027

 

$—

 

$—

 

$290,027

Depreciation, amortization, & decommissioning
 

$1,493,167

 

$384,707

 

$2,944

 

$—

 

$1,880,818

Interest and investment income
 

$289,570

 

$414,636

 

$26,295

 

($182,589
)
 

$547,912

Interest expense
 

$589,395

 

$29,450

 

$178,575

 

($54,995
)
 

$742,425

Income taxes
 

$19,634

 

($161,295
)
 

($28,164
)
 

$—

 

($169,825
)
Consolidated net income (loss)
 

$1,425,643

 

$148,870

 

($188,675
)
 

($127,594
)
 

$1,258,244

Total assets
 

$49,557,664

 

$4,154,961

 

$514,020

 

($2,502,733
)
 

$51,723,912

Cash paid for long-lived asset additions
 

$4,527,045

 

$104,300

 

$160

 

$—

 

$4,631,505


2018
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,540,670

 

$1,468,905

 

$—

 

($123
)
 

$11,009,452

Asset write-offs, impairments, and related charges
 

$—

 

$532,321

 

$—

 

$—

 

$532,321

Depreciation, amortization, & decommissioning
 

$1,367,944

 

$388,732

 

$1,274

 

$—

 

$1,757,950

Interest and investment income
 

$203,936

 

$14,543

 

$31,602

 

($186,217
)
 

$63,864

Interest expense
 

$552,919

 

$33,694

 

$179,358

 

($58,623
)
 

$707,348

Income taxes
 

($732,548
)
 

($269,025
)
 

($35,253
)
 

$—

 

($1,036,826
)
Consolidated net income (loss)
 

$1,495,061

 

($340,641
)
 

($164,271
)
 

($127,594
)
 

$862,555

Total assets
 

$44,777,167

 

$5,459,275

 

$733,366

 

($2,694,742
)
 

$48,275,066

Cash paid for long-lived asset additions
 

$3,987,424

 

$283,707

 

$86

 

$—

 

$4,271,217


2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.
In March 2017, Entergy sold the FitzPatrick plant, which it had intended to shut down, to Exelon. In January 2019, Entergy sold the Vermont Yankee plant, which it had previously shut down, to NorthStar. In August 2019, Entergy sold the Pilgrim plant, which it had previously shut down, to Holtec. Entergy has also announced plans to shut down Indian Point 2 in 2020, Indian Point 3 in 2021, and Palisades in 2022, and has purchase and sale agreements with Holtec for each of them expected to close after they are shut down. Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants pending their sales to third parties.
 
The decisions to shut down these plants and the related transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2019, 2018, and 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 December 31, 2016
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97

Restructuring costs accrued
 
139

 
—

 
139

Cash paid out
 
43

 
—

 
43

Balance as of December 31, 2018
 

$179

 

$14

 

$193

Restructuring costs accrued
 
91

 
—

 
91

Cash paid out
 
141

 
—

 
141

Balance as of December 31, 2019
 

$129

 

$14

 

$143


In addition, Entergy Wholesale Commodities incurred $290 million in 2019, $532 million in 2018, and $538 million in 2017 of impairment, loss on sales, and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $75 million in 2020 and a total of approximately $55 million from 2021 through 2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2019, 2018, and 2017, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2019 and 2018, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.