Entergy 2008 Annual Report Download - page 58

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56
ENTERGY CORPORATION AND SUBSIDIARIES 2008
56
Consolidated Statements of Income
In thousands, except share data, for the years ended December 31, 2008 2007 2006
OPERATING REVENUES
Electric $10,073,160 $ 9,046,301 $ 9,063,135
Natural gas 241,856 206,073 84,230
Competitive businesses 2,778,740 2,232,024 1,784,793
Total 13,093,756 11,484,398 10,932,158
OPERATING EXPENSES
Operating and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 3,577,764 2,934,833 3,144,073
Purchased power 2,491,200 1,986,950 2,138,237
Nuclear refueling outage expenses 221,759 180,971 169,567
Other operation and maintenance 2,742,762 2,649,654 2,335,364
Decommissioning 189,409 167,898 145,884
Taxes other than income taxes 496,952 489,058 428,561
Depreciation and amortization 1,030,860 963,712 887,792
Other regulatory charges (credits) - net 59,883 54,954 (122,680)
Total 10,810,589 9,428,030 9,126,798
OPERATING INCOME 2,283,167 2,056,368 1,805,360
OTHER INCOME
Allowance for equity funds used during construction 44,523 42,742 39,894
Interest and dividend income 148,216 233,997 198,835
Equity in earnings (loss) of unconsolidated equity affiliates (11,684) 3,176 93,744
Miscellaneous - net (11,768) (24,860) 16,114
Total 169,287 255,055 348,587
INTEREST AND OTHER CHARGES
Interest on long-term debt 500,898 506,089 498,451
Other interest - net 133,290 155,995 75,502
Allowance for borrowed funds used during construction (25,267) (25,032) (23,931)
Preferred dividend requirements and other 19,969 25,105 27,783
Total 628,890 662,157 577,805
INCOME FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 1,823,564 1,649,266 1,576,142
Income taxes 602,998 514,417 443,044
INCOME FROM CONTINUING OPERATIONS 1,220,566 1,134,849 1,133,098
LOSS FROM DISCONTINUED OPERATIONS
(net of income tax expense of $67) – – (496)
CONSOLIDATED NET INCOME $ 1,220,566 $ 1,134,849 $ 1,132,602
Basic earnings per average common share:
Continuing operations $6.39 $5.77 $5.46
Discontinued operations – – –
Basic earnings per average common share $6.39 $5.77 $5.46
Diluted earnings per average common share:
Continuing operations $6.20 $5.60 $5.36
Discontinued operations – – –
Diluted earnings per average common share $6.20 $5.60 $5.36
Dividends declared per common share $3.00 $2.58 $2.16
Basic average number of common shares outstanding 190,925,613 196,572,945 207,456,838
Diluted average number of common shares outstanding 201,011,588 202,780,283 211,452,455
See Notes to Financial Statements.