Entergy 2002 Annual Report Download - page 2

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2Letter to Stakeholders
9Entergy Corporation: Performance
and Principles
11 Utility: Beyond the Basics
15 Nuclear: Proving the Value
17 Entergy-Koch: Discipline
and Balance
20 Looking to the Future: Where We Stand
21 Financial Review
79 Directors and Officers
80 Investor Information
TABLE OF CONTENTS
HIGHLIGHTS
Dollars in millions, except per share amounts 2002 % CHANGE 2001 % CHANGE 2000
FINANCIAL RESULTS
Total operating revenues $8,305 (13.7%) $9,621 (4.0%) $10,022
Earnings applicable to common stock $599 (17.5%) $ 726 6.9% $ 679
Earnings per share
Basic $2.69 (18.2%) $ 3.29 9.7% $ 3.00
Diluted $2.64 (18.3%) $ 3.23 8.8% $ 2.97
Average shares outstanding (in millions)
Basic 223.0 1.0% 220.9 (2.5%) 226.6
Diluted 227.3 1.2% 224.7 (1.7%) 228.5
Net cash flow provided by operating activities $2,182 (1.5%) $2,216 12.6% $ 1,968
Net debt $7,253 (8.6%) $7,934 4.9% $ 7,561
DOMESTIC ELECTRIC UTILITY OPERATING DATA
Retail kilowatt-hour sales (in millions) 101,631 1.7% 99,956 (3.2%) 103,216
Peak demand (in megawatts) 20,419 0.8% 20,257 (8.1%) 22,052
Retail customers – year end (in thousands) 2,598 0.9% 2,574 0.7% 2,556
TOTAL EMPLOYEES – YEAR END 15,352 3.2% 14,871 7.1% 13,884
Entergy Corporation is an integrated energy company engaged primarily in electric
power production, retail distribution operations, energy marketing and trading, and
gas transportation. Entergy owns and operates power plants with approximately
30,000 megawatts of electric generating capacity, and it is the second-largest nuclear
generator in the United States. Entergy delivers electricity to 2.6 million utility customers
in Arkansas, Louisiana, Mississippi, and Texas. Through Entergy-Koch, LP, it is a leading
provider of wholesale energy marketing and trading services, as well as an operator of
natural gas pipeline and storage facilities. Entergy has annual revenues of over $8 billion
and more than 15,000 employees.
ENTERGY CORPORATION AND SUBSIDIARIES 2002