Entergy 2006 Annual Report Download - page 70

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ENTERGY CORPORATION AND SUBSIDIARIES 2
2000066
54
In thousands, for the years ended December 31, 2006 2005 2004
OPERATING ACTIVITIES:
Consolidated net income $ 1,132,602 $ 898,331 $ 909,524
Adjustments to reconcile consolidated net income to net cash flow
provided by operating activities:
Reserve for regulatory adjustments 36,352 (82,033) 33,533
Other regulatory credits – net (122,680) (49,882) (90,611)
Depreciation, amortization, and decommissioning 1,035,153 1,001,852 1,045,122
Deferred income taxes, investment tax credits, and non-current taxes accrued 738,643 487,804 352,094
Equity in earnings (loss) of unconsolidated equity affiliates –
net of dividends 4,436 4,315 608,141
Provision for asset impairments
and restructuring charges – 39,767 55,000
Changes in working capital:
Receivables 408,042 (367,351) (210,419)
Fuel inventory 13,097 (83,125) (16,769)
Accounts payable (83,884) 303,194 95,306
Taxes accrued (835) (33,306) (1,581)
Interest accrued 5,975 15,133 5,269
Deferred fuel 582,947 (236,801) 213,627
Other working capital accounts 64,479 (45,653) 41,008
Provision for estimated losses and reserves 39,822 (3,704) (18,041)
Changes in other regulatory assets (127,305) (311,934) 48,626
Other (307,429) (68,799) (140,510)
Net cash flow provided by operating activities 3,419,415 1,467,808 2,929,319
INVESTING ACTIVITIES:
Construction/capital expenditures (1,586,016) (1,458,086) (1,410,610)
Allowance for equity funds used during construction 39,894 45,736 39,582
Nuclear fuel purchases (326,248) (314,414) (238,170)
Proceeds from sale/leaseback of nuclear fuel 135,190 184,403 109,988
Proceeds from sale of assets and businesses 77,159 – 75,430
Payment for purchase of plant (88,199) (162,075) –
Investment in non-utility properties – – (6,420)
Decrease in other investments (6,353) 9,905 383,498
Purchases of other temporary investments – (1,591,025) (1,629,500)
Liquidation of other temporary investments – 1,778,975 1,676,350
Proceeds from nuclear decommissioning trust fund sales 777,584 944,253 679,466
Investment in nuclear decommissioning trust funds (884,123) (1,039,824) (769,273)
Other regulatory investments (38,037) (390,456) (53,566)
Net cash flow used in investing activities (1,899,149) (1,992,608) (1,143,225)
See Notes to Financial Statements.
CONSOLIDATED STATEMENTS of CASH FLOWS