EX-99 4 a11601fs.txt Exhibit 2 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET ASSETS June 30, 2001 (Unaudited) (In Thousands) CURRENT ASSETS Cash and cash equivalents: Cash $186,365 Temporary cash investments - at cost, which approximates market 501,583 Special deposits 10,747 ------------ Total cash and cash equivalents 698,695 ------------ Notes receivable 832 Accounts receivable: Customer 498,308 Allowance for doubtful accounts (11,389) Other 186,029 Accrued unbilled revenues 445,154 ------------ Total receivables 1,118,102 ------------ Deferred fuel costs 450,040 Fuel inventory - at average cost 113,430 Materials and supplies - at average cost 434,126 Rate deferrals 7,430 Deferred nuclear refueling outage costs 119,119 Prepayments and other 124,922 ------------ TOTAL 3,066,696 ------------ OTHER PROPERTY AND INVESTMENTS Investment in affiliates - at equity 573,647 Decommissioning trust funds 1,346,003 Non-utility property - at cost (less accumulated depreciation) 288,522 Non-regulated investments 146,707 Other - at cost (less accumulated depreciation) 330,476 ------------ TOTAL 2,685,355 ------------ PROPERTY, PLANT AND EQUIPMENT Electric 25,498,989 Plant acquisition adjustment 382,532 Property under capital lease 838,899 Natural gas 194,769 Construction work in progress 910,677 Nuclear fuel under capital lease 260,660 Nuclear fuel 190,065 ------------ TOTAL PROPERTY, PLANT AND EQUIPMENT 28,276,591 Less - accumulated depreciation and amortization 11,725,598 ------------ PROPERTY, PLANT AND EQUIPMENT - NET 16,550,993 ------------ DEFERRED DEBITS AND OTHER ASSETS Regulatory assets: SFAS 109 regulatory asset - net 970,223 Unamortized loss on reacquired debt 175,060 Deferred fuel costs 53,522 Other regulatory assets 941,917 Long-term receivables 32,316 Other 890,760 ------------ TOTAL 3,063,798 ------------ TOTAL ASSETS $25,366,842 -Totals may not foot due to rounding. ============ Exhibit 2 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET LIABILITIES AND SHAREHOLDERS' EQUITY June 30, 2001 (Unaudited) (In Thousands) CURRENT LIABILITIES Currently maturing long-term debt $828,322 Notes payable 485,519 Accounts payable 641,371 Customer deposits 181,717 Taxes accrued 694,974 Accumulated deferred income taxes 168,853 Nuclear refueling outage costs 16,276 Interest accrued 173,189 Obligations under capital leases 155,803 Other 208,525 ------------ TOTAL 3,554,549 ------------ DEFERRED CREDITS AND OTHER LIABILITIES Accumulated deferred income taxes 3,307,492 Accumulated deferred investment tax credits 482,702 Obligations under capital leases 177,737 FERC settlement - refund obligation 27,134 Other regulatory liabilities 146,765 Decommissioning 772,888 Transition to competition 212,576 Regulatory reserves 447,322 Accumulated provisions 337,581 Other 699,342 ------------ TOTAL 6,611,539 ------------ Long-term debt 7,305,513 Preferred stock with sinking fund 61,185 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 4,661,334 Retained earnings 3,445,141 Accumulated other comprehensive loss (100,433) Less - treasury stock, at cost (26,496,354 shares in 2001) 724,155 ------------ TOTAL 7,619,056 ------------ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $25,366,842 ============ -Totals may not foot due to rounding. ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME For the Six Months Ended June 30, 2001 (Unaudited) (In Thousands) OPERATING REVENUES Domestic electric $3,863,383 Natural gas 140,931 Competitive businesses 1,143,388 ---------- TOTAL 5,147,702 ---------- OPERATING EXPENSES Operation and Maintenance: Fuel, fuel-related expenses, and gas purchased for resale 2,151,481 Purchased power 609,774 Nuclear refueling outage expenses 40,283 Other operation and maintenance 919,069 Decommissioning 17,804 Taxes other than income taxes 192,125 Depreciation and amortization 386,448 Other regulatory charges (credits) - net 3,546 Amortization of rate deferrals 9,153 ---------- TOTAL 4,329,683 ---------- OPERATING INCOME 818,019 --------- OTHER INCOME Allowance for equity funds used during construction 11,587 Gain on sale of assets - net 12,348 Equity in earnings of unconsolidated equity affiliates 95,543 Miscellaneous - net 102,220 --------- TOTAL 221,698 --------- INTEREST AND OTHER CHARGES Interest on long-term debt 259,703 Other interest - net 99,300 Distributions on preferred securities of subsidiary 9,419 Allowance for borrowed funds used during construction (9,431) --------- TOTAL 358,991 --------- INCOME BEFORE INCOME TAXES 680,726 Income taxes 274,272 --------- CONSOLIDATED NET INCOME 406,454 Preferred dividend requirements and other 13,393 --------- EARNINGS APPLICABLE TO COMMON STOCK $393,061 =========