Equity (Tables)

6 Months Ended

Jun. 30, 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 June 30,
	2020			2019
	(In Millions, Except Per Share Data)
	Income	Shares	$/share	Income	Shares	$/share
Basic earnings per share
Net income attributable to Entergy Corporation	$360.5	200.2	$1.80	$236.4	193.0	$1.22
Average dilutive effect of:
Stock options		0.3	—		0.5	—
Other equity plans		0.4	(0.01)		0.7	—
Diluted earnings per share	$360.5	200.9	$1.79	$236.4	194.2	$1.22

	For the Six Months Ended June 30,
	2020			2019
	(In Millions, Except Per Share Data)
	Income	Shares	$/share	Income	Shares	$/share
Basic earnings per share
Net income attributable to Entergy Corporation	$479.2	200.0	$2.40	$491.0	191.3	$2.57
Average dilutive effect of:
Stock options		0.5	(0.01)		0.5	(0.01)
Other equity plans		0.4	—		0.6	(0.01)
Equity forwards		—	—		0.8	(0.01)
Diluted earnings per share	$479.2	200.9	$2.39	$491.0	193.2	$2.54

Schedule of Accumulated Other Comprehensive Income (Loss)

	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, April 1, 2020	$62,496	($503,173)	$41,690	($398,987)
Other comprehensive income (loss) before reclassifications	4,890	—	22,545	27,435
Amounts reclassified from accumulated other comprehensive income (loss)	(30,296)	17,224	(3,980)	(17,052)
Net other comprehensive income (loss) for the period	(25,406)	17,224	18,565	10,383
Ending balance, June 30, 2020	$37,090	($485,949)	$60,255	($388,604)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 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)
Beginning balance, April 1, 2019	($43,246)	($520,372)	$12,466	($551,152)
Other comprehensive income (loss) before reclassifications	99,359	—	15,834	115,193
Amounts reclassified from accumulated other comprehensive income (loss)	(4,377)	11,496	(1,564)	5,555
Net other comprehensive income (loss) for the period	94,982	11,496	14,270	120,748
Ending balance, June 30, 2019	$51,736	($508,876)	$26,736	($430,404)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 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, January 1, 2020	$84,206	($557,072)	$25,946	($446,920)
Other comprehensive income (loss) before reclassifications	97,373	34,349	40,258	171,980
Amounts reclassified from accumulated other comprehensive income (loss)	(144,489)	36,774	(5,949)	(113,664)
Net other comprehensive income (loss) for the period	(47,116)	71,123	34,309	58,316
Ending balance, June 30, 2020	$37,090	($485,949)	$60,255	($388,604)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 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	127,670	—	29,373	157,043
Amounts reclassified from accumulated other comprehensive income (loss)	(45,114)	23,046	(1,400)	(23,468)
Net other comprehensive income (loss) for the period	82,556	23,046	27,973	133,575
Ending balance, June 30, 2019	$51,736	($508,876)	$26,736	($430,404)

Reclassification out of Accumulated Other Comprehensive Income

	Amounts reclassified from AOCI		Income Statement Location
	2020	2019
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts	$25,086	$5,589	Competitive business operating revenues
Interest rate swaps	(48)	(48)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	25,038	5,541
Income taxes	5,258	(1,164)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	$30,296	$4,377
Pension and other postretirement liabilities
Amortization of prior-service credit	$5,682	$5,325	(a)
Amortization of loss	(27,619)	(18,980)	(a)
Settlement loss	—	(918)	(a)
Total amortization	(21,937)	(14,573)
Income taxes	4,713	3,077	Income taxes
Total amortization (net of tax)	($17,224)	($11,496)
Net unrealized investment gain (loss)
Realized gain (loss)	$6,297	$2,475	Interest and investment income
Income taxes	(2,317)	(911)	Income taxes
Total realized investment gain (loss) (net of tax)	$3,980	$1,564
Total reclassifications for the period (net of tax)	$17,052	($5,555)

(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.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the six months ended June 30, 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	$119,509	$57,204	Competitive business operating revenues
Interest rate swaps	(97)	(97)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	119,412	57,107
Income taxes	25,077	(11,993)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	$144,489	$45,114
Pension and other postretirement liabilities
Amortization of prior-service credit	$9,401	$10,652	(a)
Amortization of loss	(54,937)	(37,969)	(a)
Settlement loss	—	(2,055)	(a)
Total amortization	(45,536)	(29,372)
Income taxes	8,762	6,326	Income taxes
Total amortization (net of tax)	($36,774)	($23,046)
Net unrealized investment gain (loss)
Realized gain (loss)	$9,413	$2,216	Interest and investment income
Income taxes	(3,464)	(816)	Income taxes
Total realized investment gain (loss) (net of tax)	$5,949	$1,400
Total reclassifications for the period (net of tax)	$113,664	$23,468

(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.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the three months ended June 30, 2020 and 2019 were as follows:

Entergy Louisiana [Member]

Schedule of Accumulated Other Comprehensive Income (Loss)

	Pension and Other Postretirement Liabilities
	2020	2019
	(In Thousands)
Beginning balance, April 1,	$14,029	($7,122)
Amounts reclassified from accumulated other comprehensive income (loss)	(945)	(969)
Net other comprehensive income (loss) for the period	(945)	(969)
Ending balance, June 30,	$13,084	($8,091)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the six months ended June 30, 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)	(1,528)	(1,938)
Net other comprehensive income (loss) for the period	8,522	(1,938)
Ending balance, June 30,	$13,084	($8,091)

Reclassification out of Accumulated Other Comprehensive Income

	Amounts reclassified from AOCI		Income Statement Location
	2020	2019
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service credit	$1,698	$1,837	(a)
Amortization of loss	(419)	(526)	(a)
Total amortization	1,279	1,311
Income taxes	(334)	(342)	Income taxes
Total amortization (net of tax)	945	969
Total reclassifications for the period (net of tax)	$945	$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.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the six months ended June 30, 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	$2,787	$3,674	(a)
Amortization of loss	(720)	(1,052)	(a)
Total amortization	2,067	2,622
Income taxes	(539)	(684)	Income taxes
Total amortization (net of tax)	1,528	1,938
Total reclassifications for the period (net of tax)	$1,528	$1,938

(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.