EX-99 3 a09101fs.txt ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME For the Three Months Ended March 31, 2001 (Unaudited) (In Thousands) OPERATING REVENUES Domestic electric $1,872,545 Natural gas 110,384 Competitive businesses 669,498 ----------- TOTAL 2,652,427 ----------- OPERATING EXPENSES Operating and Maintenance: Fuel, fuel-related expenses, and gas purchased for resale 1,125,863 Purchased power 363,879 Nuclear refueling outage expenses 17,207 Other operation and maintenance 470,459 Decommissioning 8,901 Taxes other than income taxes 102,463 Depreciation and amortization 203,077 Other regulatory credits - net (4,842) Amortization of rate deferrals 4,453 ----------- TOTAL 2,291,460 ----------- OPERATING INCOME 360,967 ----------- OTHER INCOME Allowance for equity funds used during construction 4,943 Gain on sale of assets - net 588 Equity in earnings of unconsolidated equity affiliates 25,064 Miscellaneous - net 55,393 ----------- TOTAL 85,988 ----------- INTEREST AND OTHER CHARGES Interest on long-term debt 128,971 Other interest - net 47,914 Distributions on preferred securities of subsidiaries 4,709 Allowance for borrowed funds used during construction (3,939) ----------- TOTAL 177,655 ----------- INCOME BEFORE INCOME TAXES 269,300 Income taxes 108,429 ----------- CONSOLIDATED NET INCOME 160,871 Preferred dividend requirements and other 6,716 ----------- EARNINGS APPLICABLE TO COMMON STOCK $154,155 =========== ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET ASSETS March 31, 2001 (Unaudited) (In Thousands) CURRENT ASSETS Cash and cash equivalents: Cash $161,420 Temporary cash investments - at cost, which approximates market 722,772 Special deposits 145,639 ------------ Total cash and cash equivalents 1,029,831 ------------ Notes receivable 6,543 Accounts receivable: Customer 527,433 Allowance for doubtful accounts (10,161) Other 201,011 Accrued unbilled revenues 366,039 Total receivables 1,084,322 ------------ Deferred fuel costs 537,362 Fuel inventory - at average cost 142,439 Materials and supplies - at average cost 437,548 Rate deferrals 12,130 Deferred nuclear refueling outage costs 38,324 Prepayments and other 79,573 ------------ TOTAL 3,368,072 ------------ OTHER PROPERTY AND INVESTMENTS Investment in affiliates - at equity 499,247 Decommissioning trust funds 1,330,343 Non-utility property - at cost (less accumulated depreciation) 286,997 Non-regulated investments 149,801 Other - at cost (less accumulated depreciation) 70,598 ------------ TOTAL 2,336,986 ------------ PROPERTY, PLANT AND EQUIPMENT Electric 25,470,142 Plant acquisition adjustment 386,598 Property under capital lease 846,006 Natural gas 192,388 Construction work in progress 743,421 Nuclear fuel under capital lease 283,929 Nuclear fuel 169,062 ------------ TOTAL PROPERTY, PLANT AND EQUIPMENT 28,091,546 Less - accumulated depreciation and amortization 11,645,521 ------------ PROPERTY, PLANT AND EQUIPMENT - NET 16,446,025 ------------ DEFERRED DEBITS AND OTHER ASSETS Regulatory assets: SFAS 109 regulatory asset - net 972,696 Unamortized loss on reacquired debt 179,336 Deferred fuel costs 75,083 Other regulatory assets 873,838 Long-term receivables 28,710 Other 911,013 ------------ TOTAL 3,040,676 ------------ TOTAL ASSETS $25,191,759 ============ ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET LIABILITIES AND SHAREHOLDERS' EQUITY March 31, 2001 (Unaudited) (In Thousands) CURRENT LIABILITIES Currently maturing long-term debt $827,585 Notes payable 623,019 Accounts payable 712,965 Customer deposits 174,520 Taxes accrued 519,370 Accumulated deferred income taxes 188,829 Nuclear refueling outage costs 13,253 Interest accrued 139,424 Obligations under capital leases 157,239 Other 231,586 ------------ TOTAL 3,587,790 ------------ DEFERRED CREDITS AND OTHER LIABILITIES Accumulated deferred income taxes 3,282,199 Accumulated deferred investment tax credits 488,509 Obligations under capital leases 205,830 FERC settlement - refund obligation 28,965 Other regulatory liabilities 129,995 Decommissioning 761,100 Transition to competition 199,981 Regulatory reserves 425,581 Accumulated provisions 346,344 Other 705,659 ------------ TOTAL 6,574,163 ------------ Long-term debt 7,351,758 Preferred stock with sinking fund 63,760 Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated deferrable debentures 215,000 SHAREHOLDERS' EQUITY Preferred stock without sinking fund 334,687 Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2001 2,482 Paid-in capital 4,663,923 Retained earnings 3,275,548 Accumulated other comprehensive loss (117,968) Less - treasury stock, at cost (27,865,077 shares in 2001) 759,384 ------------ TOTAL 7,399,288 ------------ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $25,191,759 ============