Entergy 2002 Annual Report Download - page 50

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CONSOLIDATED STATEMENTS OF CASH FLOWS
In thousands, for the years ended December 31, 2002 2001 2000
OPERATING ACTIVITIES
Consolidated net income $623,072 $ 750,507 $ 710,915
Noncash items included in net income:
Reserve for regulatory adjustments 18,848 (359,199) 18,482
Other regulatory charges (credits)—net (141,836) (20,510) 34,073
Depreciation, amortization, and decommissioning 869,638 724,222 785,609
Deferred income taxes and investment tax credits (256,664) 87,752 124,457
Allowance for equity funds used during construction (31,658) (26,209) (32,022)
Cumulative effect of accounting change –(23,482) –
Gain on sale of assets—net (6,612) (5,226) (2,340)
Equity in undistributed earnings of
subsidiaries and unconsolidated affiliates (181,878) (150,799) (13,715)
Provision for turbine commitments and asset impairments 428,456 – –
Changes in working capital (net of effects from acquisitions and dispositions):
Receivables (43,957) 302,230 (437,146)
Fuel inventory 1,030 (3,419) (20,447)
Accounts payable 286,230 (415,160) 543,606
Taxes accrued 462,956 486,676 20,871
Interest accrued 7,209 17,287 45,789
Deferred fuel 156,181 495,007 (38,001)
Other working capital accounts (286,232) (39,978) 102,336
Provision for estimated losses and reserves 10,533 19,093 6,019
Changes in other regulatory assets 71,132 119,215 (66,903)
Other 195,255 257,541 186,264
Net cash flow provided by operating activities 2,181,703 2,215,548 1,967,847
INVESTING ACTIVITIES
Construction/capital expenditures (1,530,301) (1,380,417) (1,493,717)
Allowance for equity funds used during construction 31,658 26,209 32,022
Nuclear fuel purchases (250,309) (130,670) (121,127)
Proceeds from sale/leaseback of nuclear fuel 183,664 71,964 117,154
Proceeds from sale of businesses 215,088 784,282 61,519
Investment in other non-utility properties (216,956) (647,015) (222,119)
Decrease (increase) in other investments 38,964 (631,975) (15,943)
Changes in other temporary investments—net 150,000 (150,000) 321,351
Decommissioning trust contributions and realized change in trust assets (84,914) (95,571) (63,805)
Other regulatory investments (39,390) (3,460) (385,331)
Other 114,033 (68,067) (44,016)
Net cash flow used in investing activities (1,388,463) (2,224,720) (1,814,012)
See Notes to Consolidated Financial Statements.
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