Entergy 2008 Annual Report Download - page 62

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60
ENTERGY CORPORATION AND SUBSIDIARIES 2008
60
Consolidated Statements of Cash Flows
In thousands, for the years ended December 31, 2008 2007 2006
OPERATING ACTIVITIES
Consolidated net income $ 1,220,566 $ 1,134,849 $ 1,132,602
Adjustments to reconcile consolidated net income to net cash flow
provided by operating activities:
Reserve for regulatory adjustments (8,285) (15,574) 36,352
Other regulatory charges (credits) - net 59,883 54,954 (122,680)
Depreciation, amortization, and decommissioning 1,220,269 1,131,610 1,035,153
Deferred income taxes, investment tax credits, and
non-current taxes accrued 333,948 476,241 738,643
Equity in earnings (loss) of unconsolidated equity affiliates -
net of dividends 11,684 (3,176) 4,436
Changes in working capital:
Receivables 78,653 (62,646) 408,042
Fuel inventory (7,561) (10,445) 13,097
Accounts payable (23,225) (103,048) (83,884)
Taxes accrued 75,210 (187,324) (835)
Interest accrued (652) 11,785 5,975
Deferred fuel (38,500) 912 582,947
Other working capital accounts (72,372) (73,269) 64,479
Provision for estimated losses and reserves 12,462 (59,292) 39,822
Changes in other regulatory assets (324,211) 254,736 (454,458)
Changes in pensions and other postretirement liabilities 828,160 (56,224) 333,381
Other (41,701) 65,681 (285,233)
Net cash flow provided by operating activities 3,324,328 2,559,770 3,447,839
INVESTING ACTIVITIES
Construction/capital expenditures (2,212,255) (1,578,030) (1,633,268)
Allowance for equity funds used during construction 44,523 42,742 39,894
Nuclear fuel purchases (423,951) (408,732) (326,248)
Proceeds from sale/leaseback of nuclear fuel 297,097 169,066 135,190
Proceeds from sale of assets and businesses 30,725 13,063 77,159
Payment for purchase of plant (266,823) (336,211) (88,199)
Insurance proceeds received for property damages 130,114 83,104 18,828
Changes in transition charge account 7,211 (19,273) –
NYPA value sharing payment (72,000) – –
Decrease (increase) in other investments (72,833) 41,720 (6,353)
Proceeds from nuclear decommissioning trust fund sales 1,652,277 1,583,584 777,584
Investment in nuclear decommissioning trust funds (1,704,181) (1,708,764) (884,123)
Other regulatory investments – – (38,037)
Net cash flow used in investing activities (2,590,096) (2,117,731) (1,927,573)
See Notes to Financial Statements.