Equity (Tables)

9 Months Ended

Sep. 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 September 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	$521.1	200.2	$2.60	$365.2	198.9	$1.84
Average dilutive effect of:
Stock options		0.4	—		0.7	(0.01)
Other equity plans		0.5	(0.01)		0.9	(0.01)
Diluted earnings per share	$521.1	201.1	$2.59	$365.2	200.5	$1.82

	For the Nine Months Ended September 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	$1,000.4	200.1	$5.00	$856.2	193.9	$4.42
Average dilutive effect of:
Stock options		0.4	(0.01)		0.5	(0.01)
Other equity plans		0.5	(0.01)		0.7	(0.02)
Equity forwards		—	—		0.6	(0.01)
Diluted earnings per share	$1,000.4	201.0	$4.98	$856.2	195.7	$4.38

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, July 1, 2020	$37,090	($485,949)	$60,255	($388,604)
Other comprehensive income (loss) before reclassifications	(4,964)	—	181	(4,783)
Amounts reclassified from accumulated other comprehensive income (loss)	(11,594)	17,437	(2,876)	2,967
Net other comprehensive income (loss) for the period	(16,558)	17,437	(2,695)	(1,816)
Ending balance, September 30, 2020	$20,532	($468,512)	$57,560	($390,420)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 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, July 1, 2019	$51,736	($508,876)	$26,736	($430,404)
Other comprehensive income (loss) before reclassifications	(5,190)	—	8,350	3,160
Amounts reclassified from accumulated other comprehensive income (loss)	(14,913)	25,464	(3,079)	7,472
Net other comprehensive income (loss) for the period	(20,103)	25,464	5,271	10,632
Ending balance, September 30, 2019	$31,633	($483,412)	$32,007	($419,772)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 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	42,256	34,349	40,439	117,044
Amounts reclassified from accumulated other comprehensive income (loss)	(105,930)	54,211	(8,825)	(60,544)
Net other comprehensive income (loss) for the period	(63,674)	88,560	31,614	56,500
Ending balance, September 30, 2020	$20,532	($468,512)	$57,560	($390,420)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 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	122,481	—	37,724	160,205
Amounts reclassified from accumulated other comprehensive income (loss)	(60,028)	48,510	(4,480)	(15,998)
Net other comprehensive income (loss) for the period	62,453	48,510	33,244	144,207
Ending balance, September 30, 2019	$31,633	($483,412)	$32,007	($419,772)

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	$14,724	$18,925	Competitive business operating revenues
Interest rate swaps	(48)	(48)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	14,676	18,877
Income taxes	(3,082)	(3,964)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	$11,594	$14,913
Pension and other postretirement liabilities
Amortization of prior-service credit	$5,682	$5,325	(a)
Amortization of loss	(27,620)	(20,919)	(a)
Settlement loss	(196)	(16,630)	(a)
Total amortization	(22,134)	(32,224)
Income taxes	4,697	6,760	Income taxes
Total amortization (net of tax)	($17,437)	($25,464)
Net unrealized investment gain (loss)
Realized gain (loss)	$4,550	$4,872	Interest and investment income
Income taxes	(1,674)	(1,793)	Income taxes
Total realized investment gain (loss) (net of tax)	$2,876	$3,079
Total reclassifications for the period (net of tax)	($2,967)	($7,472)

(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 nine months ended September 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	$134,233	$76,129	Competitive business operating revenues
Interest rate swaps	(145)	(145)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	134,088	75,984
Income taxes	(28,158)	(15,956)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	$105,930	$60,028
Pension and other postretirement liabilities
Amortization of prior-service credit	$15,083	$15,977	(a)
Amortization of loss	(82,561)	(58,888)	(a)
Settlement loss	(196)	(18,685)	(a)
Total amortization	(67,674)	(61,596)
Income taxes	13,463	13,086	Income taxes
Total amortization (net of tax)	($54,211)	($48,510)
Net unrealized investment gain (loss)
Realized gain (loss)	$13,963	$7,088	Interest and investment income
Income taxes	(5,138)	(2,608)	Income taxes
Total realized investment gain (loss) (net of tax)	$8,825	$4,480
Total reclassifications for the period (net of tax)	$60,544	$15,998

(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 September 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, July 1,	$13,084	($8,091)
Amounts reclassified from accumulated other comprehensive income (loss)	(800)	(969)
Net other comprehensive income (loss) for the period	(800)	(969)
Ending balance, September 30,	$12,284	($9,060)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the nine months ended September 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)	(2,328)	(2,907)
Net other comprehensive income (loss) for the period	7,722	(2,907)
Ending balance, September 30,	$12,284	($9,060)

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	$1,695	$1,837	(a)
Amortization of loss	(417)	(526)	(a)
Settlement loss	(196)	—	(a)
Total amortization	1,082	1,311
Income taxes	(282)	(342)	Income taxes
Total amortization (net of tax)	800	969
Total reclassifications for the period (net of tax)	$800	$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 nine months ended September 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	$4,479	$5,511	(a)
Amortization of loss	(1,137)	(1,578)	(a)
Settlement loss	(196)	—	(a)
Total amortization	3,146	3,933
Income taxes	(818)	(1,026)	Income taxes
Total amortization (net of tax)	2,328	2,907
Total reclassifications for the period (net of tax)	$2,328	$2,907

(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.