Entergy 2009 Annual Report Download - page 38

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Entergy Corporation and Subsidiaries
Management's Financial Discussion and Analysis
34
Financing Activities
2009 Compared to 2008
Net cash used in financing activities increased $978 million in 2009 compared to 2008. The following
significant financing cash flow activity occurred in 2009 and 2008:
Entergy Corporation decreased the net borrowings under its credit facility by $671 million in 2009 compared
to increasing the net borrowings under its credit facility by $986 million in 2008. See Note 4 to the financial
statements for a description of the Entergy Corporation credit facility.
Entergy Texas issued $500 million of 7.125% Series mortgage bonds in January 2009 and used a portion of
the proceeds to repay $70.8 million in long-term debt prior to maturity.
Entergy Texas issued $150 million of 7.875% Series mortgage bonds in May 2009.
Entergy Mississippi issued $150 million of 6.64% Series first mortgage bonds in June 2009.
Entergy Gulf States Louisiana issued $300 million of 5.59% Series first mortgage bonds in October 2009.
Entergy Louisiana issued $400 million of 5.40% Series first mortgage bonds in November 2009.
A subsidiary of Entergy Texas issued $545.9 million of securitization bonds in November 2009. See Note 5
to the financial statements for additional information regarding the securitization bonds.
Entergy Gulf States Louisiana paid, at or prior to maturity, $721.2 million in 2009 and $675.8 million in
2008 of long term debt, including $602.2 million in 2009 and $309.1 million in 2008 paid by Entergy Texas
under the debt assumption agreement;
Entergy Arkansas issued $300 million of 5.4% Series first mortgage bonds in July 2008.
Entergy Louisiana issued $300 million of 6.5% Series first mortgage bonds in August 2008.
Entergy Louisiana repurchased, prior to maturity, $60 million of Auction Rate governmental bonds in April
2008.
Entergy New Orleans paid, at maturity, its $30 million 3.875% Series first mortgage bonds in August 2008.
The Utility operating companies decreased the borrowings outstanding on their long-term credit facilities by
$100 million in 2009 and increased the borrowings outstanding on their long-term credit facilities by $100
million in 2008.
Entergy Corporation paid $267 million of notes payable in 2009 and $237 million of notes payable in 2008
at their maturities.
Entergy Corporation repurchased $613 million of its common stock in 2009 and repurchased $512 million of
its common stock in 2008.
2008 Compared to 2007
Net cash used in financing activities decreased $151 million in 2008 compared to 2007. The following
activity is notable in comparing 2008 to 2007:
Entergy Corporation increased the net borrowings under its revolving credit facility by $986 million in 2008
and by $1,431 million in 2007. See Note 4 to the financial statements for a description of the Entergy
Corporation credit facility.
Entergy Arkansas issued $300 million of 5.40% Series first mortgage bonds in July 2008.
Entergy Louisiana issued $300 million of 6.50% Series first mortgage bonds in August 2008.
Entergy Louisiana repurchased, prior to maturity, $60 million of Auction Rate governmental bonds in April
2008.
Entergy New Orleans paid, at maturity, its $30 million 3.875% Series first mortgage bonds in August 2008.
Under the terms of the debt assumption agreement between Entergy Texas and Entergy Gulf States
Louisiana that is discussed in Note 5 to the financial statements, Entergy Texas paid at maturity $309.1
million of Entergy Gulf States Louisiana first mortgage bonds in 2008.
The Utility operating companies increased the borrowings outstanding on their long-term credit facilities by
36