Entergy 2002 Annual Report Download - page 76

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Energy
Non-Utility Commodity
U.S. Utility Nuclear*Services*All Other*Eliminations Consolidated
2002
Operating revenues $ 6,773,509 $1,200,238 $ 294,670 $ 40,729 $ (4,111) $ 8,305,035
Deprec., amort. & decomm. 800,257 42,774 21,465 5,143 – 869,639
Interest income 23,231 71,262 26,140 35,433 (37,741) 118,325
Equity in earnings (loss) of
unconsolidated equity affiliates (2) – 183,880 – – 183,878
Interest charges 465,703 93,250 61,632 35,579 (37,741) 618,423
Income taxes (credits) 313,752 132,726 (141,288) (11,252) – 293,938
Net income (loss) 606,963 200,505 (145,830) (38,566) – 623,072
Total assets 21,074,126 4,482,308 2,167,472 1,327,354 (2,103,291) 26,947,969
Investments in affiliates - at equity 214 – 823,995 – – 824,209
Cash paid for long-lived asset additions 1,131,734 347,390 210,297 18,514 – 1,707,935
2001
Operating revenues $ 7,432,920 $ 789,244 $1,370,485 $ 34,603 $ (6,353) $ 9,620,899
Deprec., amort. & decomm. 667,333 17,706 34,667 4,516 – 724,222
Interest income 79,702 54,053 23,169 37,235 (34,354) 159,805
Equity in earnings of
unconsolidated equity affiliates – – 162,882 – – 162,882
Interest charges 576,705 81,114 74,953 41,558 (34,353) 739,977
Income taxes 300,284 80,053 74,493 863 – 455,693
Cumulative effect of accounting change – – 23,482 – – 23,482
Net income (loss) 574,554 127,880 105,939 (57,866) – 750,507
Total assets 20,309,695 3,449,156 2,377,733 863,906 (1,090,179) 25,910,311
Investments in affiliates - at equity 214 – 765,889 – – 766,103
Cash paid for long-lived asset additions 1,110,484 705,216 199,387 21,550 – 2,036,637
2000
Operating revenues $ 7,401,598 $ 298,147 $2,353,792 $ 32,450 $ (63,858) $10,022,129
Deprec., amort. & decomm. 770,144 1,191 10,996 3,278 – 785,609
Interest income 57,795 29,534 5,838 78,390 (8,507) 163,050
Equity in earnings of
unconsolidated equity affiliates – – 13,715 – – 13,715
Interest charges 515,156 33,213 (3,725) 22,103 (9,317) 557,430
Income taxes (credits) 435,667 31,492 24,689 (12,927) – 478,921
Net income (loss) 618,263 49,158 54,908 (11,414) – 710,915
Total assets 20,567,433 2,227,177 2,590,678 620,104 (553,496) 25,451,896
Investments in affiliates - at equity 214 – 136,273 – – 136,487
Cash paid for long-lived asset additions 1,080,055 63,593 390,298 9,771 – 1,543,717
Businesses marked with * are referred to as the “competitive businesses,” with the exception of the parent company, Entergy Corporation.
Eliminations are primarily intersegment activity.
Entergy’s segment financial information is as follows (in thousands):
NOTE 12. BUSINESS SEGMENT INFORMATION
Entergy’s reportable segments as of December 31, 2002 are
U.S. Utility, Non-Utility Nuclear, and Energy Commodity
Services. U.S. Utility generates, transmits, distributes, and sells
electric power in portions of Arkansas, Louisiana, Mississippi,
and Texas, and provides natural gas utility service in portions
of Louisiana. Non-Utility Nuclear owns and operates five
nuclear power plants and is primarily focused on selling
electric power produced by those plants to wholesale
customers. Energy Commodity Services is focused primarily on
providing energy commodity trading and gas transportation and
storage services through Entergy-Koch, L.P. Energy Commodity
Services also includes non-nuclear wholesale assets, a participant
in the wholesale power generation business in North America
and Europe. Results from Entergy-Koch are reported as equity
in earnings of unconsolidated equity affiliates in the financial
statements. Entergy’s operating segments are strategic business
units managed separately due to their different operating and
regulatory environments. Entergy’s chief operating decision
maker is its Office of the Chief Executive, which consists of its
highest-ranking officers.
“All Other” includes the parent company, Entergy
Corporation, and other business activity, including earnings
on the proceeds of sales of previously owned businesses.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued