Entergy 2006 Annual Report Download - page 67

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ENTERGY CORPORATION AND SUBSIDIARIES 2
2000066
In thousands, for the years ended December 31, 2006 2005 2004
RETAINED EARNINGS
Retained Earnings – Beginning of period $5,433,931 $4,989,826 $4,502,508
Add:
Consolidated net income 1,132,602 $1,132,602 898,331 $898,331 909,524 $ 909,524
Adjustment for change in accounting method – – 5,524
Total 1,132,602 898,331 915,048
Deduct:
Dividends declared on common stock 448,572 453,657 427,740
Capital stock and other expenses 4,919 569 (10)
Total 453,491 454,226 427,730
Retained Earnings – End of period $6,113,042 $5,433,931 $4,989,826
ACCUMULATED OTHER COMPREHENSIVE
INCOME (LOSS) (NET OF TAXES)
Balance at beginning of period:
Accumulated derivative instrument
fair value changes $ (392,614) $ (141,411) $ (25,811)
Other accumulated comprehensive income (loss) items 48,795 47,958 18,016
Total (343,819) (93,453) (7,795)
Net derivative instrument fair value changes arising
during the period (net of tax (benefit) of $187,462, $(159,236),
and $(74,082)) 287,036 287,036 (251,203) (251,203) (115,600) (115,600)
Foreign currency translation (net of tax expense of
$1,122, $211, and $659) 3,207 3,207 602 602 1,882 1,882
Minimum pension liability (net of tax expense (benefit) of
$(5,911), $(9,176), and $1,875) (7,759) (7,759) (15,773) (15,773) 2,762 2,762
Pension and other postretirement liabilities (net of tax expense
(benefit) of ($92,419)) (75,805) – –
Net unrealized investment gains (net of tax expense of
$28,428, $10,573, and $16,599) 36,628 36,628 16,008 16,008 25,298 25,298
Balance at end of period:
Accumulated derivative instrument fair value changes (105,578) (392,614) (141,411)
Other accumulated comprehensive income items 5,066 48,795 47,958
Total $ (100,512) $ (343,819) $ (93,453)
Comprehensive Income $1,451,714 $ 647,965 $ 823,866
PAID-IN CAPITAL
Paid-in Capital – Beginning of period $4,817,637 $4,835,375 $4,767,615
Add (Deduct):
Issuance of equity units – (39,904) –
Common stock issuances related to stock plans 9,628 22,166 67,760
Paid-in Capital – End of period $4,827,265 $4,817,637 $4,835,375
See Notes to Financial Statements.
CONSOLIDATED STATEMENTS of RETAINED EARNINGS, COMPREHENSIVE INCOME and PAID-IN CAPITAL
51