Entergy 2011 Annual Report Download - page 58

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In thousands, except share data, for the years ended December 31, 2011 2010 2009
OPERATING REVENUES
Electric $ 8,673,517 $ 8,740,637 $ 7,880,016
Natural gas 165,819 197,658 172,213
Competitive businesses 2,389,737 2,549,282 2,693,421
Total 11,229,073 11,487,577 10,745,650
OPERATING EXPENSES
Operating and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 2,492,714 2,518,582 2,309,831
Purchased power 1,564,967 1,659,416 1,395,203
Nuclear refueling outage expenses 255,618 256,123 241,310
Other operation and maintenance 2,867,758 2,969,402 2,750,810
Decommissioning 190,595 211,736 199,063
Taxes other than income taxes 536,026 534,299 503,859
Depreciation and amortization 1,102,202 1,069,894 1,082,775
Other regulatory charges (credits) - net 205,959 44,921 (21,727)
Total 9,215,839 9,264,373 8,461,124
Gain on sale of business – 44,173 –
OPERATING INCOME 2,013,234 2,267,377 2,284,526
OTHER INCOME
Allowance for equity funds used during construction 84,305 59,381 59,545
Interest and investment income 129,134 185,455 236,628
Other than temporary impairment losses (140) (1,378) (86,069)
Miscellaneous - net (59,271) (48,124) (40,396)
Total 154,028 195,334 169,708
INTEREST EXPENSE
Interest expense 551,521 610,146 603,679
Allowance for borrowed funds used during construction (37,894) (34,979) (33,235)
Total 513,627 575,167 570,444
INCOME BEFORE INCOME TAXES 1,653,635 1,887,544 1,883,790
Income taxes 286,263 617,239 632,740
CONSOLIDATED NET INCOME 1,367,372 1,270,305 1,251,050
Preferred dividend requirements of subsidiaries 20,933 20,063 19,958
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $ 1,346,439 $ 1,250,242 $ 1,231,092
Earnings per average common share:
Basic $7.59 $6.72 $6.39
Diluted $7.55 $6.66 $6.30
Dividends declared per common share $3.32 $3.24 $3.00
Basic average number of common shares outstanding 177,430,208 186,010,452 192,772,032
Diluted average number of common shares outstanding 178,370,695 187,814,235 195,838,068
See Notes to Financial Statements.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
In thousands, for the years ended December 31, 2011 2010 2009
NET INCOME $1,367,372 $1,270,305 $1,251,050
OTHER COMPREHENSIVE INCOME (LOSS)
Cash flow hedges net unrealized gain (loss)
(net to tax expense (benefit) of $34,411, $(7,088), and $333) 71,239 (11,685) (2,887)
Pension and other postretirement liabilities
(net of tax benefit of $131,198, $14,387, and $34,415) (223,090) (8,527) (35,707)
Net unrealized investment gains
(net of tax expense of $19,368, $51,130 and $102,845) 21,254 57,523 82,929
Foreign currency translation
(net of tax expense (benefit) of $192, $(182), and $(246)) 357 (338) (457)
Other comprehensive income (loss) (130,240) 36,973 43,878
COMPREHENSIVE INCOME 1,237,132 1,307,278 1,294,928
Preferred dividend requirements of subsidiaries 20,933 20,063 19,958
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $1,216,199 $1,287,215 $1,274,970
See Notes to Financial Statements.
CONSOLIDATED INCOME STATEMENTS
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