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Equity (Tables)
 3 Months Ended
Mar. 31, 2020
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,
 
2020
 
2019
 
(In Millions, Except Per Share Data)
 
Income
 
Shares
 
$/share
 
Income
 
Shares
 
$/share
Basic earnings per share
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Entergy Corporation

$118.7

 
199.8

 

$0.59

 

$254.5

 
189.6

 

$1.34

Average dilutive effect of:
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
0.7

 
—

 
 
 
0.4

 
—

Other equity plans
 
 
0.4

 
—

 
 
 
0.5

 
(0.01
)
Equity forwards
 
 
—

 
—

 
 
 
1.7

 
(0.01
)
Diluted earnings per share

$118.7

 
200.9

 

$0.59

 

$254.5

 
192.2

 

$1.32
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, 2020 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)
Beginning balance, December 31, 2019

$84,206

 

($557,072
)
 

$25,946

 

($446,920
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
52,846

 
34,349

 
17,713

 
104,908

Amounts reclassified from accumulated other comprehensive income (loss)
(74,556
)
 
19,550

 
(1,969
)
 
(56,975
)
Net other comprehensive income (loss) for the period
(21,710
)
 
53,899

 
15,744

 
47,933

 
 
 
 
 
 
 
 
Ending balance, March 31, 2020

$62,496

 

($503,173
)
 

$41,690

 

($398,987
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended March 31, 2019 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, 2018

($23,135
)
 

($531,922
)
 

($2,116
)
 

($557,173
)
Implementation of accounting standards
(7,685
)
 
—

 
879

 
(6,806
)
Beginning balance, January 1, 2019

($30,820
)
 

($531,922
)
 

($1,237
)
 

($563,979
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
28,312

 
—

 
13,539

 
41,851

Amounts reclassified from accumulated other comprehensive income (loss)
(40,738
)
 
11,550

 
164

 
(29,024
)
Net other comprehensive income (loss) for the period
(12,426
)
 
11,550

 
13,703

 
12,827

 
 
 
 
 
 
 
 
Ending balance, March 31, 2019

($43,246
)
 

($520,372
)
 

$12,466

 

($551,152
)
 
 
 
 
 
 
 
 
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, 2020 and 2019 were as follows:
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
2020
 
2019
 
 
 
(In Thousands)
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
 
   Power contracts

$94,423

 

$51,615

 
Competitive business operating revenues
   Interest rate swaps
(48
)
 
(48
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
94,375

 
51,567

 
 
Income taxes
(19,819
)
 
(10,829
)
 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)

$74,556

 

$40,738

 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
   Amortization of prior-service credit

$3,719

 

$5,326

 
(a)
   Amortization of loss
(27,318
)
 
(18,988
)
 
(a)
   Settlement loss
—

 
(1,137
)
 
(a)
Total amortization
(23,599
)
 
(14,799
)
 
 
Income taxes
4,049

 
3,249

 
Income taxes
Total amortization (net of tax)

($19,550
)
 

($11,550
)
 
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
 
Realized gain (loss)

$3,116

 

($259
)
 
Interest and investment income
Income taxes
(1,147
)
 
95

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

$1,969

 

($164
)
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)

$56,975

 

$29,024

 
 

(a)
These accumulated other comprehensive income (loss) components were 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, 2020 and 2019:
 
 
Pension and Other
Postretirement Liabilities
 
 
2020
 
2019
 
 
(In Thousands)
Beginning balance, January 1,
 

$4,562

 

($6,153
)
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
 
10,050

 
—

Amounts reclassified from accumulated other
comprehensive income (loss)
 
(583
)
 
(969
)
Net other comprehensive income (loss) for the period
 
9,467

 
(969
)
 
 
 
 
 
Ending balance, March 31,
 

$14,029

 

($7,122
)
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, 2020 and 2019 were as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
2020
 
2019
 
 
 
 
(In Thousands)
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
   Amortization of prior-service credit
 

$1,089

 

$1,838

 
(a)
   Amortization of loss
 
(301
)
 
(527
)
 
(a)
Total amortization
 
788

 
1,311

 
 
Income taxes
 
(205
)
 
(342
)
 
Income taxes
Total amortization (net of tax)
 
583

 
969

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

$583

 

$969

 
 


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