Entergy 2010 Annual Report Download - page 59

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ENTERGY CORPORATION AND SUBSIDIARIES 2010
Consolidated Statements of Changes in Equity and Comprehensive Income
Common Shareholders’ Equity
Accumulated
Other
In thousands, for the years ended Subsidiaries’ Common Treasury Paid–in Retained Comprehensive
December 31, 2010, 2009, and 2008 Preferred Stock Stock Stock Capital Earnings Income (Loss) Total
BALANCE AT DECEMBER 31, 2007 $ 94,000 $2,482 $(3,734,865) $4,850,769 $6,735,965 $ 8,320 $7,956,671
Consolidated net income(a) 19,969 – – – 1,220,566 – 1,240,535
Other comprehensive income:
Cash flow hedges net unrealized gain
(net of tax expense of $78,837) – – – – – 133,370 133,370
Pension and other postretirement liabilities
(net of tax benefit of $68,076) – – – – – (125,087) (125,087)
Net unrealized investment losses
(net of tax benefit of $108,049) – – – – – (126,013) (126,013)
Foreign currency translation
(net of tax benefit of $1,770) – – – – – (3,288) (3,288)
Total comprehensive income 1,119,517
Common stock repurchases – – (512,351) – – – (512,351)
Common stock issuances related to stock plans – – 72,002 18,534 – – 90,536
Common stock dividends declared – – – – (573,924) – (573,924)
Preferred dividend requirements of subsidiaries(a) (19,969) – – – – – (19,969)
Capital stock and other expenses – – – – 112 – 112
BALANCE AT DECEMBER 31, 2008 $ 94,000 $2,482 $(4,175,214) $4,869,303 $7,382,719 $(112,698) $8,060,592
Consolidated net income(a) 19,958 – – – 1,231,092 – 1,251,050
Other comprehensive income:
Cash flow hedges net unrealized loss
(net of tax expense of $333) – – – – – (2,887) (2,887)
Pension and other postretirement liabilities
(net of tax benefit of $34,415) – – – – – (35,707) (35,707)
Net unrealized investment gains
(net of tax expense of $102,845) – – – – – 82,929 82,929
Foreign currency translation
(net of tax benefit of $246) – – – – – (457) (457)
Total comprehensive income 1,294,928
Common stock repurchases – – (613,125) – – – (613,125)
Common stock issuances in settlement of
equity unit purchase contracts – 66 – 499,934 – – 500,000
Common stock issuances related to stock plans – – 61,172 805 – – 61,977
Common stock dividends declared – – – – (576,913) – (576,913)
Preferred dividend requirements of subsidiaries(a) (19,958) – – – – – (19,958)
Capital stock and other expenses (141) (141)
Adjustment for implementation of
new accounting pronouncement – – – – 6,365 (6,365) –
BALANCE AT DECEMBER 31, 2009 $ 94,000 $2,548 $(4,727,167) $5,370,042 $8,043,122 $ (75,185) $ 8,707,360
Consolidated net income(a) 20,063 – – – 1,250,242 – 1,270,305
Other comprehensive income:
Cash flow hedges net unrealized loss
(net of tax benefit of $7,088) – – – – – (11,685) (11,685)
Pension and other postretirement liabilities
(net of tax benefit of $14,387) – – – – – (8,527) (8,527)
Net unrealized investment gains
(net of tax expense of $51,130) – – – – – 57,523 57,523
Foreign currency translation
(net of tax benefit of $182) – – – – – (338) (338)
Total comprehensive income 1,307,278
Common stock repurchases – – (878,576) – – – (878,576)
Common stock issuances related to stock plans – – 80,932 (2,568) – – 78,364
Common stock dividends declared – – – – (603,963) – (603,963)
Preferred dividend requirements of subsidiaries(a) (20,063) – – – – – (20,063)
BALANCE AT DECEMBER 31, 2010 $ 94,000 $2,548 $(5,524,811) $5,367,474 $8,689,401 $ (38,212) $8,590,400
(a) Consolidated net income and preferred dividend requirements of subsidiaries for 2010, 2009, and 2008 include $13.3 million of preferred dividends on
subsidiaries’ preferred stock without sinking fund that is not presented as equity.
See Notes to Financial Statements.
57