Entergy 2007 Annual Report Download - page 57

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55
Entergy Corporation and Subsidiaries 2007
CONSOLIDATED STATEMENTS OF RETAINED EARNINGS, COMPREHENSIVE INCOME AND PAID-IN CAPITAL
In thousands, for the years ended December 31, 2007 2006 2005
RETAINED EARNINGS
Retained Earnings – Beginning of period $6,113,042 $5,433,931 $4,989,826
Add:
Consolidated net income 1,134,849 $1,134,849 1,132,602 $1,132,602 898,331 $898,331
Adjustment related to FIN 48 implementation (4,600) – –
Total 1,130,249 1,132,602 898,331
Deduct:
Dividends declared on common stock 507,326 448,572 453,657
Capital stock and other expenses - 4,919 569
Total 507,326 453,491 454,226
Retained Earnings – End of period $6,735,965 $6,113,042 $5,433,931
ACCUMULATED OTHER COMPREHENSIVE
INCOME (LOSS)
Balance at beginning of period:
Accumulated derivative instrument fair value changes $ (105,578) $ (392,614) $ (141,411)
Pension and other postretirement liabilities (105,909) – –
Net unrealized investment gains 104,551 67,923 51,915
Foreign currency translation 6,424 3,217 2,615
Minimum pension liability – (22,345) (6,572)
Total (100,512) (343,819) (93,453)
Net derivative instrument fair value changes
arising during the period (net of tax expense (benet)
of $57,185, $187,462 and ($159,236)) 93,038 93,038 287,036 287,036 (251,203) (251,203)
Pension and other postretirement liabilities
(net of tax (benet) of $29,994 and ($92,419)) (1,236) (1,236) (75,805) – – –
Net unrealized investment gains
(net of tax expense of $23,562, $28,428, and $10,573) 17,060 17,060 36,628 36,628 16,008 16,008
Foreign currency translation
(net of tax expense (benet) of ($16), $1,122, and $211) (30) (30) 3,207 3,207 602 602
Minimum pension liability
(net of tax benet of ($5,911) and ($9,176)) – – (7,759) (7,759) (15,773) (15,773)
Balance at end of period:
Accumulated derivative instrument fair value changes (12,540) (105,578) (392,614)
Pension and other postretirement liabilities (107,145) (105,909) –
Net unrealized investment gains 121,611 104,551 67,923
Foreign currency translation 6,394 6,424 3,217
Minimum pension liability – – (22,345)
Total $ 8,320 $ (100,512) $ (343,819)
Comprehensive Income $1,243,681 $1,451,714 $647,965
PAID-IN CAPITAL
Paid-in Capital – Beginning of period $4,827,265 $4,817,637 $4,835,375
Add (Deduct):
Issuance of equity units – – (39,904)
Common stock issuances related to stock plans 23,504 9,628 22,166
Paid-in Capital – End of period $4,850,769 $4,827,265 $4,817,637
See Notes to Financial Statements.