Entergy 2008 Annual Report Download - page 99

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9797
ENTERGY CORPORATION AND SUBSIDIARIES 2008
97
Notes to Consolidated Financial Statements continued
97
NOTE 13. BUSINESS SEGMENT INFORMATION
Entergy’s reportable segments as of December 31, 2008 are Utility and Non-Utility Nuclear. Utility generates, transmits, distributes, and
sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and provides natural gas utility service in portions of
Louisiana. Non-Utility Nuclear owns and operates six nuclear power plants and is primarily focused on selling electric power produced
by those plants to wholesale customers. “All Other” includes the parent company, Entergy Corporation, and other business activity,
including the non-nuclear wholesale assets business and earnings on the proceeds of sales of previously-owned businesses. As a result
of the Entergy New Orleans bankruptcy filing, Entergy discontinued the consolidation of Entergy New Orleans retroactive to January
1, 2005, and reported Entergy New Orleans results under the equity method of accounting in the Utility segment in 2006. On May 7,
2007, the bankruptcy judge entered an order confirming Entergy New Orleans’ plan of reorganization. With confirmation of the plan of
reorganization, Entergy reconsolidated Entergy New Orleans in the second quarter 2007, retroactive to January 1, 2007.
Entergy’s segment financial information is as follows (in thousands):
Non-Utility
Utility Nuclear* All Others* Eliminations Consolidated
2008
Operating revenues $10,318,630 $2,558,378 $ 241,715 $ (24,967) $13,093,756
Deprec., amort. & decomm. 984,651 220,128 15,490 – 1,220,269
Interest and dividend income 122,657 62,473 116,830 (153,744) 148,216
Equity in loss of unconsolidated equity affiliates (3) – (11,681) – (11,684)
Interest and other charges 442,523 53,926 286,185 (153,744) 628,890
Income tax (benefits) 371,281 319,107 (87,390) – 602,998
Net income (loss) 587,837 797,280 (164,551) – 1,220,566
Total assets 28,810,147 7,848,195 2,586,456 (2,627,980) 36,616,818
Investment in affiliates - at equity 199 – 66,048 66,247
Cash paid for long-lived asset additions 1,921,624 271,901 18,730 – 2,212,255
2007
Operating revenues $ 9,255,075 $2,029,666 $ 225,216 $ (25,559) $11,484,398
Deprec., amort. & decomm. 939,152 177,872 14,586 – 1,131,610
Interest and dividend income 124,992 102,840 88,066 (81,901) 233,997
Equity in earnings of unconsolidated equity affiliates (2) – 3,178 – 3,176
Interest and other charges 444,067 34,738 265,253 (81,901) 662,157
Income tax (benefits) 382,025 230,407 (98,015) – 514,417
Net income (loss) 682,707 539,200 (87,058) – 1,134,849
Total assets 26,174,159 7,014,484 1,982,429 (1,528,070) 33,643,002
Investment in affiliates - at equity 202 – 78,790 – 78,992
Cash paid for long-lived asset additions 1,315,564 258,457 2,754 1,255 1,578,030
2006
Operating revenues $ 9,150,030 $1,544,873 $ 275,299 $ (38,044) $10,932,158
Deprec., amort. & decomm. 886,537 134,661 12,478 – 1,033,676
Interest and dividend income 112,887 83,155 95,985 (93,192) 198,835
Equity in earnings of unconsolidated equity affiliates 4,058 – 89,686 – 93,744
Interest and other charges 428,662 47,424 194,911 (93,192) 577,805
Income tax (benefits) 333,105 204,659 (94,720) – 443,044
Loss from discontinued operations – – (496) – (496)
Net income 691,160 309,496 131,894 52 1,132,602
Total assets 25,238,359 5,369,730 2,866,377 (2,391,735) 31,082,731
Investment in affiliates - at equity 154,193 209,033 (134,137) 229,089
Cash paid for long-lived asset additions 1,306,387 302,865 23,034 982 1,633,268
Businesses marked with * are sometimes referred to as the “competitive businesses,” with the exception of the parent company, Entergy Corporation. Eliminations are
primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.