Entergy 2009 Annual Report Download - page 98
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Entergy Corporation and Subsidiaries
Notes to Financial Statements
94
Significant components of accumulated deferred income taxes and taxes accrued for Entergy Corporation and
subsidiaries as of December 31, 2009 and 2008 are as follows:
2009 2008
Deferred tax liabilities:
Plant-related basis differences ($5,476,972) ($5,269,579)
Net regulatory assets/(liabilities) (950,354) (1,026,203)
Power purchase agreements (862,322) (773,606)
Nuclear decommissioning trusts (855,608) (658,379)
Other (456,053) (350,250)
Total (8,601,309) (8,078,017)
Deferred tax assets:
Accumulated deferred investment
tax credit 118,587 123,810
Pension-related items 356,284 391,702
Nuclear decommissioning liabilities 313,648 239,814
Sale and leaseback 260,934 252,479
Reserve for regulatory adjustments 103,403 106,302
General contingencies reserve 98,514 27,268
Unbilled/deferred revenues 31,995 27,841
Customer deposits 13,073 76,559
Net operating loss carryforwards 148,979 387,405
Capital losses 45,787 131,690
Other 160,264 126,470
Valuation allowance (47,998) (75,502)
Total 1,603,470 1,815,838
Noncurrent accrued taxes (including unrecognized
tax benefits) (473,064) (296,284)
Accumulated deferred income taxes and taxes accrued ($7,470,903) ($6,558,463)
Entergy’ s estimated tax attribute carryovers and their expiration dates as of December 31, 2009, are as
follows:
Carryover Description Carryover Amount Year(s) of expiration
Federal net operating losses $8.9 billion 2023-2029
State net operating losses $7.6 billion 2010-2029
Federal capital losses $165 million 2013-2014
Federal minimum tax credits $29 million never
Other federal and state credits $45 million 2023-2029
The $3 billion cash benefit of the federal net operating loss, less appropriate deposits for uncertain tax
positions, is expected to be realized over the next six years.
96