Entergy 2012 Annual Report Download - page 85

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Entergy Corporation and Subsidiaries 2012
NOTE 7. COMMON EQUITY
Common Stock
Common stock and treasury stock shares activity for Entergy for 2012, 2011, and 2010 is as follows:
2012 2011 2010
Common Shares Treasury Common Shares Treasury Common Shares Treasury
Issued Shares Issued Shares Issued Shares
Beginning Balance, January 1 254,752,788 78,396,988 254,752,788 76,006,920 254,752,788 65,634,580
Repurchases – – – 3,475,000 – 11,490,551
Issuances:
Employee Stock-Based Compensation Plans – (1,446,305) – (1,079,008) – (1,113,411)
Directors’ Plan – (5,444) – (5,924) – (4,800)
Ending Balance, December 31 254,752,788 76,945,239 254,752,788 78,396,988 254,752,788 76,006,920
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued
Entergy Corporation reissues treasury shares to meet the require-
ments of the Stock Plan for Outside Directors (Directors’ Plan), two
Equity Ownership Plans of Entergy Corporation and Subsidiaries, the
Equity Awards Plan of Entergy Corporation and Subsidiaries, and
certain other stock benefit plans. The Directors’ Plan awards to non-
employee directors a portion of their compensation in the form of a
fixed number of shares of Entergy Corporation common stock.
In October 2009 the Board granted authority for a $750 million
share repurchase program which was completed in the fourth quarter
2010. In October 2010 the Board granted authority for an additional
$500 million share repurchase program. As of December 31, 2012,
$350 million of authority remains under the $500 million share
repurchase program.
Retained Earnings and Dividend Restrictions
Provisions within the articles of incorporation or pertinent inden-
tures and various other agreements relating to the long-term debt
and preferred stock of certain of Entergy Corporation’s subsidiaries
could restrict the payment of cash dividends or other distributions
on their common and preferred equity. As of December 31, 2012,
under provisions in their mortgage indentures, Entergy Arkansas and
Entergy Mississippi had retained earnings unavailable for distribu-
tion to Entergy Corporation of $394.9 million and $68.5 million,
respectively. Entergy Corporation received dividend payments from
subsidiaries totaling $439 million in 2012, $595 million in 2011, and
$580 million in 2010.
Comprehensive Income
Accumulated other comprehensive income (loss) is included in the
equity section of the balance sheets of Entergy. Accumulated other
comprehensive income (loss) in the balance sheets included the fol-
lowing components (in thousands):
December 31, 2012 December 31, 2011
Cash flow hedges net
unrealized gain $ 79,905 $ 177,497
Pension and other
postretirement liabilities (590,712) (499,556)
Net unrealized investment gains 214,547 150,939
Foreign currency translation 3,177 2,668
Total $(293,083) $(168,452)
Other comprehensive income and total comprehensive income for
years ended December 31, 2012, 2011, and 2010 are presented in
Entergy’s Statements of Comprehensive Income.
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