Entergy 2007 Annual Report Download - page 60

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58
Entergy Corporation and Subsidiaries 2007
C O N S O L I D A T E D S T A T E M E N T S O F C A S H F L O W S
In thousands, for the years ended December 31, 2007 2006 2005
OPERATING ACTIVITIES
Consolidated net income $ 1,134,849 $ 1,132,602 $ 898,331
Adjustments to reconcile consolidated net income to net cash ow
provided by operating activities:
Reserve for regulatory adjustments (15,574) 36,352 (82,033)
Other regulatory charges (credits) – net 54,954 (122,680) (49,882)
Depreciation, amortization, and decommissioning 1,131,610 1,035,153 1,001,852
Deferred income taxes, investment tax credits, and
non-current taxes accrued 476,241 738,643 487,804
Equity in earnings (loss) of unconsolidated equity aliates –
net of dividends (3,176) 4,436 4,315
Provisions for asset impairments and restructuring charges – – 39,767
Changes in working capital:
Receivables (62,646) 408,042 (367,351)
Fuel inventory (10,445) 13,097 (83,125)
Accounts payable (103,048) (83,884) 303,194
Taxes accrued (187,324) (835) (33,306)
Interest accrued 11,785 5,975 15,133
Deferred fuel 912 582,947 (236,801)
Other working capital accounts (73,269) 64,479 (45,653)
Provision for estimated losses and reserves (59,292) 39,822 (3,704)
Changes in other regulatory assets 254,736 (127,305) (311,934)
Other 9,457 (279,005) (68,799)
Net cash ow provided by operating activities 2,559,770 3,447,839 1,467,808
INVESTING ACTIVITIES
Construction/capital expenditures (1,578,030) (1,633,268) (1,458,086)
Allowance for equity funds used during construction 42,742 39,894 45,736
Nuclear fuel purchases (408,732) (326,248) (314,414)
Proceeds from sale/leaseback of nuclear fuel 169,066 135,190 184,403
Proceeds from sale of assets and businesses 13,063 77,159 –
Payment for purchase of plant (336,211) (88,199) (162,075)
Insurance proceeds received for property damages 83,104 18,828 –
Decrease in other investments 41,720 (6,353) 9,905
Purchases of other temporary investments – – (1,591,025)
Liquidation of other temporary investments – – 1,778,975
Proceeds from nuclear decommissioning trust fund sales 1,583,584 777,584 944,253
Investment in nuclear decommissioning trust funds (1,708,764) (884,123) (1,039,824)
Other regulatory investments – (38,037) (390,456)
Net cash ow used in investing activities (2,098,458) (1,927,573) (1,992,608)
See Notes to Financial Statements.