Entergy 2008 Annual Report Download - page 27

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ENTERGY CORPORATION AND SUBSIDIARIES 2008
Forward-Looking Information 26
Five-Year Summary of Selected Financial and Operating Data 27
Comparison of Five-Year Cumulative Return 27
Management’s Financial Discussion and Analysis 28
Report of Management 54
Reports of Independent Registered Public Accounting Firm 54
Internal Control Over Financial Reporting 55
Consolidated Statements of Income 56
Consolidated Statements of Retained Earnings, Comprehensive
Income and Paid-In Capital 57
Consolidated Balance Sheets 58
Consolidated Statements of Cash Flows 60
Notes to Consolidated Financial Statements 62
At Entergy, we are prepared with the tools we need to
meet whatever challenges the future holds. Our long-term
aspirations, point-of-view-driven business model and
experienced employees drive our success.
As a result, we are ready to:
n Strive to continually deliver top-quartile total shareholder returns.
n Re-engage with power markets in the future in order to purchase power, and/or acquire
new or repowered assets that are efficient and provide lower cost alternatives for our
utility customers.
n Pursue constructive outcomes with our regulatory stakeholders that ensure our customers
will have access to clean, affordable and reliable power in the short and long term.
n Remain committed to operational excellence.
n Respond to future storms quickly and safely in the same record-setting manner that
Entergy employees did in 2008.
n Execute the spin of our non-utility nuclear assets following receipt of regulatory
approvals and when the timing is right to access financial markets, both on reasonable
commercial terms.
n Change direction to seize unexpected opportunities or adapt quickly to changed
circumstances to protect our stakeholders.
n Work with policy makers to establish a smart carbon policy in the United States that
includes finding a fix for conventional coal plants, the single largest source of global
greenhouse gas emissions.
Even as we enter 2009 with this full slate of ambitions, we recognize there are challenges
ahead that will likely complicate our plans. Events have proven time and again that Entergy
is resilient. We adapt. No matter the challenges ahead, we will finish the job.
Financial ReviewReview
LOOKING AHEAD
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