XML 37 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,412,788 $ 2,666,209 $ 4,839,967 $ 5,275,792
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 341,005 467,323 738,408 945,653
Nuclear refueling outage expenses 44,894 50,962 95,112 101,403
Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses 736,261 841,870 1,438,345 1,624,921
Asset Impairment Charges 6,775 16,419 11,870 90,397
Decommissioning 95,413 104,627 189,097 206,746
Taxes, Other 158,646 163,408 328,940 321,983
Other Depreciation and Amortization 403,769 363,496 803,478 720,770
Other regulatory charges (credits) - net (25,247) (26,532) (32,925) (43,478)
Costs and Expenses 1,973,477 2,327,434 4,000,900 4,653,763
OPERATING INCOME 439,311 338,775 839,067 622,029
OTHER INCOME        
Allowance for equity funds used during construction 28,370 37,169 64,324 75,385
Investment Income, Net 284,823 96,218 67,969 324,367
Miscellaneous - net (93,620) (45,870) (70,232) (110,527)
TOTAL 219,573 87,517 62,061 289,225
INTEREST EXPENSE        
Interest Expense, Debt 216,799 201,112 422,388 402,105
Allowance for borrowed funds used during construction (12,143) (16,811) (27,587) (34,260)
TOTAL 204,656 184,301 394,801 367,845
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 454,228 241,991 506,327 543,409
Income taxes 89,115 1,458 17,921 44,229
Consolidated net income 365,113 240,533 488,406 499,180
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders $ 4,580 $ 4,109 $ 9,159 $ 8,219
Earnings per average common share:        
Basic (in dollars per share) $ 1.80 $ 1.22 $ 2.40 $ 2.57
Diluted (in dollars per share) $ 1.79 $ 1.22 $ 2.39 $ 2.54
Basic average number of common shares outstanding (in shares) 200,178,010 193,019,269 199,984,013 191,306,742
Diluted average number of common shares outstanding (in shares) 200,886,749 194,238,315 200,891,134 193,243,287
Net Income (Loss) Available to Common Stockholders, Basic $ 360,533 $ 236,424 $ 479,247 $ 490,961
Electricity [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 2,190,557 2,345,727 4,241,196 4,466,751
Natural Gas, US Regulated [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 22,495 30,699 66,471 85,647
Competitive Businesses [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 199,736 289,783 532,300 723,394
Electricity, Purchased [Member]        
Operation and Maintenance:        
Cost of Goods and Services Sold 211,961 345,861 428,575 685,368
Entergy Mississippi [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 297,954 302,737 591,876 584,981
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 38,730 47,391 102,027 100,620
Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses 66,343 66,921 128,680 126,104
Taxes, Other 22,697 25,813 49,887 51,940
Other Depreciation and Amortization 52,296 39,718 103,451 78,806
Other regulatory charges (credits) - net (6,496) 3,567 (10,377) 5,937
Costs and Expenses 230,249 257,130 482,990 508,582
OPERATING INCOME 67,705 45,607 108,886 76,399
OTHER INCOME        
Allowance for equity funds used during construction 1,588 2,349 3,027 4,262
Investment Income, Net 135 397 255 549
Miscellaneous - net (2,589) (327) (4,885) (590)
TOTAL (866) 2,419 (1,603) 4,221
INTEREST EXPENSE        
Interest Expense, Debt 17,192 15,342 33,775 29,882
Allowance for borrowed funds used during construction (634) (1,006) (1,185) (1,791)
TOTAL 16,558 14,336 32,590 28,091
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 50,281 33,690 74,693 52,529
Income taxes 11,388 7,023 13,274 10,464
Consolidated net income 38,893 26,667 61,419 42,065
Entergy Mississippi [Member] | Electricity [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 297,954 302,737 591,876 584,981
Entergy Mississippi [Member] | Natural Gas, US Regulated [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 0 0 0 0
Entergy Mississippi [Member] | Electricity, Purchased [Member]        
Operation and Maintenance:        
Cost of Goods and Services Sold 56,679 73,720 109,322 145,175
Entergy Arkansas [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 491,767 542,929 973,679 1,088,741
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 52,692 108,596 140,103 260,755
Nuclear refueling outage expenses 13,552 17,194 29,799 34,442
Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses 164,770 188,006 316,627 354,466
Decommissioning 18,206 17,168 36,147 32,929
Taxes, Other 27,172 27,181 58,232 55,544
Other Depreciation and Amortization 84,538 77,061 168,059 152,908
Other regulatory charges (credits) - net (19,283) (10,336) (39,284) (9,891)
Costs and Expenses 383,818 473,155 797,895 976,496
OPERATING INCOME 107,949 69,774 175,784 112,245
OTHER INCOME        
Allowance for equity funds used during construction 3,878 3,372 6,795 6,800
Investment Income, Net 8,246 4,222 16,184 10,405
Miscellaneous - net (6,133) (4,728) (12,569) (8,418)
TOTAL 5,991 2,866 10,410 8,787
INTEREST EXPENSE        
Interest Expense, Debt 35,969 35,827 71,592 69,210
Allowance for borrowed funds used during construction (1,703) (1,329) (2,984) (2,743)
TOTAL 34,266 34,498 68,608 66,467
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 79,674 38,142 117,586 54,565
Income taxes 19,504 (12,157) 12,821 (34,855)
Consolidated net income 60,170 50,299 104,765 89,420
Entergy Arkansas [Member] | Electricity [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 491,767 542,929 973,679 1,088,741
Entergy Arkansas [Member] | Natural Gas, US Regulated [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 0 0 0 0
Entergy Arkansas [Member] | Electricity, Purchased [Member]        
Operation and Maintenance:        
Cost of Goods and Services Sold 42,171 48,285 88,212 95,343
Entergy Louisiana [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 1,011,652 1,106,317 1,942,299 2,065,647
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 161,610 220,472 306,102 367,821
Nuclear refueling outage expenses 13,654 13,391 27,284 26,199
Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses 226,216 250,835 448,874 476,723
Decommissioning 16,203 14,059 32,204 27,938
Taxes, Other 48,718 46,658 98,795 96,340
Other Depreciation and Amortization 154,255 130,246 299,390 256,380
Other regulatory charges (credits) - net (19,202) (33,878) (8,070) (61,538)
Costs and Expenses 755,240 864,797 1,519,108 1,670,183
OPERATING INCOME 256,412 241,520 423,191 395,464
OTHER INCOME        
Allowance for equity funds used during construction 6,055 20,671 20,942 44,585
Investment Income, Net 93,807 49,498 74,138 121,484
Miscellaneous - net (66,811) (22,306) (17,210) (64,650)
TOTAL 33,051 47,863 77,870 101,419
INTEREST EXPENSE        
Interest Expense, Debt 86,296 77,631 165,813 152,334
Allowance for borrowed funds used during construction (3,202) (9,737) (10,334) (21,104)
TOTAL 83,094 67,894 155,479 131,230
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 206,369 221,489 345,582 365,653
Income taxes 35,910 38,405 (14,273) 54,936
Consolidated net income 170,459 183,084 359,855 310,717
Earnings per average common share:        
Net Income (Loss) Available to Common Stockholders, Basic 170,459 183,084 359,855 310,717
Entergy Louisiana [Member] | Electricity [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 1,001,601 1,094,259 1,914,142 2,030,952
Entergy Louisiana [Member] | Natural Gas, US Regulated [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 10,051 12,058 28,157 34,695
Entergy Louisiana [Member] | Electricity, Purchased [Member]        
Operation and Maintenance:        
Cost of Goods and Services Sold 153,786 223,014 314,529 480,320
Entergy New Orleans [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 147,343 175,793 296,645 338,987
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 16,836 27,190 44,331 57,950
Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses 29,126 32,252 59,830 62,550
Taxes, Other 15,642 13,135 28,848 26,677
Other Depreciation and Amortization 15,626 14,226 30,701 28,390
Other regulatory charges (credits) - net 4,526 4,500 (1,210) 2,145
Costs and Expenses 139,741 158,284 276,952 305,342
OPERATING INCOME 7,602 17,509 19,693 33,645
OTHER INCOME        
Allowance for equity funds used during construction 2,048 2,686 4,533 4,976
Investment Income, Net 43 64 96 243
Miscellaneous - net 168 (942) (570) (2,448)
TOTAL 2,259 1,808 4,059 2,771
INTEREST EXPENSE        
Interest Expense, Debt 7,635 6,019 14,275 11,955
Allowance for borrowed funds used during construction (985) (1,073) (2,180) (1,987)
TOTAL 6,650 4,946 12,095 9,968
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 3,211 14,371 11,657 26,448
Income taxes (1,718) 1,368 (4,458) 4,422
Consolidated net income 4,929 13,003 16,115 22,026
Entergy New Orleans [Member] | Electricity [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 134,899 157,152 258,330 288,035
Entergy New Orleans [Member] | Natural Gas, US Regulated [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 12,444 18,641 38,315 50,952
Entergy New Orleans [Member] | Electricity, Purchased [Member]        
Operation and Maintenance:        
Cost of Goods and Services Sold 57,985 66,981 114,452 127,630
Entergy Texas [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 372,194 363,580 711,530 704,054
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 47,790 16,971 89,136 65,074
Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses 60,527 61,426 119,460 121,052
Taxes, Other 20,524 21,263 39,796 39,903
Other Depreciation and Amortization 43,835 37,312 86,401 74,349
Other regulatory charges (credits) - net 18,724 19,453 40,092 38,912
Costs and Expenses 315,751 327,558 619,027 651,291
OPERATING INCOME 56,443 36,022 92,503 52,763
OTHER INCOME        
Allowance for equity funds used during construction 11,601 6,413 22,242 11,494
Investment Income, Net 343 374 772 2,056
Miscellaneous - net (791) 1,228 (1,137) 865
TOTAL 11,153 8,015 21,877 14,415
INTEREST EXPENSE        
Interest Expense, Debt 23,137 20,153 45,995 42,613
Allowance for borrowed funds used during construction (4,985) (3,256) (9,558) (5,836)
TOTAL 18,152 16,897 36,437 36,777
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 49,444 27,140 77,943 30,401
Income taxes 2,576 (11,796) (1,632) (29,877)
Consolidated net income 46,868 38,936 79,575 60,278
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders 471 0 941 0
Earnings per average common share:        
Net Income (Loss) Available to Common Stockholders, Basic 46,397 38,936 78,634 60,278
Entergy Texas [Member] | Electricity [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 372,194 363,580 711,530 704,054
Entergy Texas [Member] | Natural Gas, US Regulated [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax 0 0 0 0
Entergy Texas [Member] | Electricity, Purchased [Member]        
Operation and Maintenance:        
Cost of Goods and Services Sold 124,351 171,133 244,142 312,001
System Energy [Member]        
Operation and Maintenance:        
Fuel, fuel-related expenses, and gas purchased for resale 6,008 21,026 19,151 42,587
Nuclear refueling outage expenses 5,666 8,415 13,938 16,601
Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses 42,802 52,468 83,273 97,750
Decommissioning 9,248 8,888 18,405 17,687
Taxes, Other 7,105 7,176 15,078 14,715
Other Depreciation and Amortization 27,501 26,574 54,400 53,148
Other regulatory charges (credits) - net (3,517) (9,838) (14,077) (19,043)
Costs and Expenses 94,813 114,709 190,168 223,445
OPERATING INCOME 31,236 24,300 66,545 55,668
OTHER INCOME        
Allowance for equity funds used during construction 3,200 1,678 6,784 3,267
Investment Income, Net 12,108 6,371 17,446 13,362
Miscellaneous - net (2,157) (1,490) (4,617) (2,718)
TOTAL 13,151 6,559 19,613 13,911
INTEREST EXPENSE        
Interest Expense, Debt 8,534 8,524 17,074 17,921
Allowance for borrowed funds used during construction (634) (410) (1,345) (799)
TOTAL 7,900 8,114 15,729 17,122
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 36,487 22,745 70,429 52,457
Income taxes 7,496 (1,727) 12,925 4,407
Consolidated net income 28,991 24,472 57,504 48,050
Earnings per average common share:        
Net Income (Loss) Available to Common Stockholders, Basic 28,991 24,472 57,504 48,050
System Energy [Member] | Electricity [Member]        
REVENUES        
Revenue from Contract with Customer, Excluding Assessed Tax $ 126,049 $ 139,009 $ 256,713 $ 279,113