Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Costs [Table Text Block]

Total restructuring charges for the third quarters of 2022 and 2021 were comprised of the following:

	2022			2021
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of July 1,	$40	$—	$40	$33	$—	$33
Restructuring costs accrued	—	—	—	2	—	2
Cash paid out	40	—	40	—	—	—
Balance as of September 30,	$—	$—	$—	$35	$—	$35

Total restructuring charges for the nine months ended September 30, 2022 and 2021 were comprised of the following:

	2022			2021
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$37	$—	$37	$145	$14	$159
Restructuring costs accrued	3	—	3	9	1	10
Cash paid out	40	—	40	119	15	134
Balance as of September 30,	$—	$—	$—	$35	$—	$35

In addition, Entergy Wholesale Commodities recorded a gain of $166 million in the nine months ended September 30, 2022 as a result of the sale of the Palisades plant, as well as $1 million of impairment and other related charges, and $345 million in the nine months ended September 30, 2021 of impairment and other related charges, including a $340 million loss as a result of the sale of the Indian Point Energy Center, associated with these strategic decisions and transactions.

Entergy Corporation [Member]

Segment Financial Information

Entergy’s segment financial information for the third quarters of 2022 and 2021 were as follows:

	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2022
Operating revenues	$4,156,616	$62,009	$—	($10)	$4,218,615
Income taxes	$178,088	$18,252	($12,228)	$—	$184,112
Consolidated net income (loss)	$667,162	($18,745)	($37,125)	($55,410)	$555,882
2021
Operating revenues	$3,191,240	$162,275	$24	($7)	$3,353,532
Income taxes	$159,472	$8,836	($10,026)	$—	$158,282
Consolidated net income (loss)	$574,399	$26,064	($32,982)	($31,898)	$535,583

Entergy’s segment financial information for the nine months ended September 30, 2022 and 2021 were as follows:

	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2022
Operating revenues	$10,191,041	$300,720	$—	($24)	$10,491,737
Income taxes	($118,257)	$46,340	($37,117)	$—	($109,034)
Consolidated net income (loss)	$1,166,866	$76,501	($113,273)	($130,608)	$999,486
Total assets as of September 30, 2022	$61,784,169	$465,865	$603,672	($3,878,411)	$58,975,295
2021
Operating revenues	$8,461,241	$559,150	$77	($28)	$9,020,440
Income taxes	$290,566	($47,299)	($37,459)	$—	$205,808
Consolidated net income (loss)	$1,264,933	($210,460)	($85,445)	($95,695)	$873,333
Total assets as of December 31, 2021	$59,733,625	$1,242,675	$561,168	($2,083,226)	$59,454,242

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.