Entergy 2008 Annual Report Download - page 59

Download and view the complete annual report

Please find page 59 of the 2008 Entergy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

5757
ENTERGY CORPORATION AND SUBSIDIARIES 2008
5757
ENTERGY CORPORATION AND SUBSIDIARIES 2008
Consolidated Statements of Retained Earnings, Comprehensive Income and Paid-In Capital
In thousands, for the years ended December 31, 2008 2007 2006
RETAINED EARNINGS
Retained Earnings - Beginning of period $6,735,965 $6,113,042 $5,433,931
Add:
Consolidated net income 1,220,566 $1,220,566 1,134,849 $1,134,849 1,132,602 $1,132,602
Adjustment related to FIN 48 implementation – (4,600) –
Total 1,220,566 1,130,249 1,132,602
Deduct:
Dividends declared on common stock 573,924 507,326 448,572
Capital stock and other expenses (112) – 4,919
Total 573,812 507,326 453,491
Retained Earnings - End of period $7,382,719 $6,735,965 $6,113,042
ACCUMULATED OTHER COMPREHENSIVE
INCOME (LOSS)
Balance at beginning 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)
Net derivative instrument fair value changes
arising during the period (net of tax expense
of $78,837, $57,185, and $187,462) 133,370 133,370 93,038 93,038 287,036 287,036
Pension and other postretirement liabilities
(net of tax expense (benefit) of ($68,076),
$29,994, and ($92,419)) (125,087) (125,087) (1,236) (1,236) (75,805) –
Net unrealized investment gains
(net of tax expense (benefit) of ($108,049),
$23,562, and $28,428) (126,013) (126,013) 17,060 17,060 36,628 36,628
Foreign currency translation
(net of tax expense (benefit) of
($1,770), ($16), and $1,122) (3,288) (3,288) (30) (30) 3,207 3,207
Minimum pension liability
(net of tax benefit of ($5,911)) – – – – (7,759) (7,759)
Balance at end of period:
Accumulated derivative instrument
fair value changes 120,830 (12,540) (105,578)
Pension and other postretirement liabilities (232,232) (107,145) (105,909)
Net unrealized investment gains (4,402) 121,611 104,551
Foreign currency translation 3,106 6,394 6,424
Total $ (112,698) $ 8,320 $ (100,512)
Comprehensive Income $1,099,548 $1,243,681 $1,451,714
PAID-IN CAPITAL
Paid-in Capital - Beginning of period $4,850,769 $4,827,265 $4,817,637
Add:
Common stock issuances related to
stock plans 18,534 23,504 9,628
Paid-in Capital - End of period $4,869,303 $4,850,769 $4,827,265
See Notes to Financial Statements.