Entergy 2014 Annual Report Download - page 40
Download and view the complete annual report
Please find page 40 of the 2014 Entergy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.(QWHUJ\&RUSRUDWLRQDQG6XEVLGLDULHV
0DQDJHPHQWV)LQDQFLDO'LVFXVVLRQDQG$QDO\VLV
DXWKRUL]LQJ(QWHUJ\1HZ2UOHDQVWRSXUFKDVHRIWKH1LQHPLOHHQHUJ\DQGFDSDFLW\,Q0DUFKWKH/36&
XQDQLPRXVO\YRWHGWR JUDQWWKHFHUWLILFDWLRQV UHTXHVWHGE\(QWHUJ\*XOI 6WDWHV/RXLVLDQDDQG (QWHUJ\/RXLVLDQD
)ROORZLQJ DSSURYDO E\ WKH /36& (QWHUJ\ /RXLVLDQD LVVXHG IXOO QRWLFH WR SURFHHG WR WKH SURMHFW¶V HQJLQHHULQJ
SURFXUHPHQWDQGFRQVWUXFWLRQFRQWUDFWRU
8QGHUWHUPVDSSURYHGE\WKH/36&QRQIXHOFRVWVPD\EHUHFRYHUHGWKURXJK(QWHUJ\/RXLVLDQD¶VDQG(QWHUJ\
*XOI6WDWHV/RXLVLDQD¶VIRUPXODUDWHSODQVEHJLQQLQJLQWKHPRQWKDIWHUWKHXQLWLVSODFHGLQVHUYLFH,Q-XO\
(QWHUJ\/RXLVLDQDDQG(QWHUJ\*XOI6WDWHV/RXLVLDQDILOHGDQXQRSSRVHGVWLSXODWLRQZLWKWKH/36&WKDWHVWLPDWHVD
ILUVW\HDUUHYHQXHUHTXLUHPHQWDVVRFLDWHGZLWK1LQHPLOHDQGSURYLGHVDPHFKDQLVPWRXSGDWHWKHUHYHQXHUHTXLUHPHQW
DVWKHLQVHUYLFHGDWHDSSURDFKHVZKLFKZDVVXEVHTXHQWO\DSSURYHGE\WKH/36&,QODWH'HFHPEHUURXJKO\
FRQWHPSRUDQHRXVZLWKWKHXQLW¶VSODFHPHQWLQVHUYLFHDILQDOXSGDWHGHVWLPDWHGUHYHQXHUHTXLUHPHQWRIPLOOLRQ
IRU(QWHUJ\/RXLVLDQDDQGPLOOLRQIRU(QWHUJ\*XOI6WDWHV/RXLVLDQDZDVILOHG7KH'HFHPEHUHVWLPDWH
IRUPVWKHEDVLVRIUDWHVLPSOHPHQWHGHIIHFWLYHZLWKWKHILUVWELOOLQJF\FOHRI-DQXDU\8QGHUWHUPVDSSURYHGE\
WKH&LW\&RXQFLO(QWHUJ\1HZ2UOHDQV¶VQRQIXHOFRVWVDVVRFLDWHGZLWK1LQHPLOHPD\EHUHFRYHUHGWKURXJKDVSHFLDO
ULGHUIRUWKDWSXUSRVH7KHXQLWZDVSODFHGLQVHUYLFHLQ'HFHPEHU(QWHUJ\/RXLVLDQDZLOOVXEPLWSURMHFWDQG
FRVW LQIRUPDWLRQ WR WKH /36& LQ PLG WR HQDEOH WKH /36& WR UHYLHZ WKH SUXGHQFH RI (QWHUJ\ /RXLVLDQD¶V
PDQDJHPHQWRIWKHSURMHFW
'LYLGHQGVDQG6WRFN5HSXUFKDVHV
'HFODUDWLRQVRIGLYLGHQGVRQ(QWHUJ\¶VFRPPRQVWRFNDUHPDGHDWWKHGLVFUHWLRQRIWKH%RDUG$PRQJRWKHU
WKLQJVWKH%RDUGHYDOXDWHVWKHOHYHORI(QWHUJ\¶VFRPPRQVWRFNGLYLGHQGVEDVHGXSRQ(QWHUJ\¶VHDUQLQJVILQDQFLDO
VWUHQJWKDQGIXWXUHLQYHVWPHQWRSSRUWXQLWLHV$WLWV-DQXDU\PHHWLQJWKH%RDUGGHFODUHGDGLYLGHQGRI
SHUVKDUHZKLFKLVWKHVDPHTXDUWHUO\GLYLGHQGSHUVKDUHWKDW(QWHUJ\KDVSDLGVLQFHWKHVHFRQGTXDUWHU(QWHUJ\
SDLGPLOOLRQLQPLOOLRQLQDQGPLOOLRQLQLQFDVKGLYLGHQGVRQLWVFRPPRQVWRFN
,Q DFFRUGDQFH ZLWK (QWHUJ\¶V VWRFNEDVHG FRPSHQVDWLRQ SODQV (QWHUJ\ SHULRGLFDOO\ JUDQWV VWRFN RSWLRQV
UHVWULFWHGVWRFNSHUIRUPDQFHXQLWVDQGUHVWULFWHGXQLWDZDUGVWRNH\HPSOR\HHVZKLFKPD\EHH[HUFLVHGWRREWDLQ
VKDUHVRI(QWHUJ\¶VFRPPRQVWRFN$FFRUGLQJWRWKHSODQVWKHVHVKDUHVFDQEHQHZO\LVVXHGVKDUHVWUHDVXU\VWRFN
RUVKDUHVSXUFKDVHGRQWKHRSHQPDUNHW(QWHUJ\¶VPDQDJHPHQWKDVEHHQDXWKRUL]HGE\WKH%RDUGWRUHSXUFKDVHRQ
WKHRSHQPDUNHWVKDUHVXSWRDQDPRXQWVXIILFLHQWWRIXQGWKHH[HUFLVHRIJUDQWVXQGHUWKHSODQV
,QDGGLWLRQWRWKHDXWKRULW\WRIXQGJUDQWH[HUFLVHVWKH%RDUGKDVDXWKRUL]HGVKDUHUHSXUFKDVHSURJUDPVWR
HQDEOHRSSRUWXQLVWLFSXUFKDVHVLQUHVSRQVHWRPDUNHWFRQGLWLRQV,Q2FWREHUWKH%RDUGJUDQWHGDXWKRULW\IRUD
PLOOLRQVKDUHUHSXUFKDVHSURJUDP$VRI'HFHPEHUPLOOLRQRIDXWKRULW\UHPDLQVXQGHUWKH
PLOOLRQVKDUHUHSXUFKDVHSURJUDP7KHDPRXQWRIUHSXUFKDVHVPD\YDU\DVDUHVXOWRIPDWHULDOFKDQJHVLQEXVLQHVV
UHVXOWV RU FDSLWDO VSHQGLQJ RU QHZ LQYHVWPHQW RSSRUWXQLWLHV RU LI OLPLWDWLRQV LQ WKH FUHGLW PDUNHWV FRQWLQXH IRU D
SURORQJHGSHULRG
Sources of Capital
(QWHUJ\¶VVRXUFHVWRPHHWLWVFDSLWDOUHTXLUHPHQWVDQGWRIXQGSRWHQWLDOLQYHVWPHQWVLQFOXGH
LQWHUQDOO\JHQHUDWHGIXQGV
FDVKRQKDQGPLOOLRQDVRI'HFHPEHU
VHFXULWLHVLVVXDQFHV
EDQNILQDQFLQJXQGHUQHZRUH[LVWLQJIDFLOLWLHVRUFRPPHUFLDOSDSHUDQG
VDOHVRIDVVHWV
&LUFXPVWDQFHV VXFK DV ZHDWKHU SDWWHUQV IXHO DQG SXUFKDVHG SRZHU SULFH IOXFWXDWLRQV DQG XQDQWLFLSDWHG
H[SHQVHVLQFOXGLQJXQVFKHGXOHGSODQWRXWDJHVDQGVWRUPVFRXOGDIIHFWWKHWLPLQJDQGOHYHORILQWHUQDOO\JHQHUDWHG
IXQGVLQWKHIXWXUH