Entergy 2015 Annual Report Download - page 56

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56
Clear vision, clear progress.
2015 Integrated Report
For the Years Ended December 31,
In Thousands 2015 2014 2013
Operating Activities
Consolidated net income (loss) $ (156,734) $ 960,257 $ 730,572
Adjustments to reconcile consolidated net income (loss) to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization 2,117,236 2,127,892 2,012,076
Deferred income taxes, investment tax credits, and non-current taxes accrued (820,350) 596,935 311,789
Asset write-offs, impairments and related charges 2,104,906 123,527 341,537
Gain on sale of asset / business (154,037) – (43,569)
Changes in working capital:
Receivables 38,152 98,493 (180,648)
Fuel inventory (12,376) 3,524 4,873
Accounts payable (135,211) (12,996) 94,436
Prepaid taxes and taxes accrued 81,969 (62,985) (142,626)
Interest accrued (11,445) 25,013 (3,667)
Deferred fuel costs 298,725 (70,691) (4,824)
Other working capital accounts (113,701) 112,390 (66,330)
Changes in provisions for estimated losses 42,566 301,871 (248,205)
Changes in other regulatory assets 262,317 (1,061,537) 1,105,622
Changes in other regulatory liabilities 61,241 87,654 397,341
Changes in pensions and other postretirement liabilities (446,418) 1,308,166 (1,433,663)
Other
134,344 (647,952) 314,505
Net cash flow provided by operating activities 3,291,184 3,889,561 3,189,219
Investing Activities
Construction/capital expenditures (2,500,860) (2,119,191) (2,287,593)
Allowance for equity funds used during construction 53,635 68,375 69,689
Nuclear fuel purchases (493,604) (537,548) (517,825)
Payment for purchase of plant – – (17,300)
Proceeds from sale of assets and businesses 487,406 10,100 147,922
Insurance proceeds received for property damages 24,399 40,670 –
Changes in securitization account (5,806) 1,511 155
NYPA value sharing payment (70,790) (72,000) (71,736)
Payments to storm reserve escrow account (69,163) (276,057) (7,716)
Receipts from storm reserve escrow account 5,916 – 260,279
Decrease (increase) in other investments 571 46,983 (82,955)
Litigation proceeds for reimbursement of spent nuclear fuel storage costs 18,296 – 21,034
Proceeds from nuclear decommissioning trust fund sales 2,492,176 1,872,115 2,031,552
Investment in nuclear decommissioning trust funds (2,550,958) (1,989,446) (2,147,099)
Net cash flow used in investing activities (2,608,782) (2,954,488) (2,601,593)
Consolidated Statements of Cash Flows (unaudited)
Financial Highlights