EX-99 4 a06502e2.txt Exhibit 2 page 1 of 3 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET DECEMBER 31, 2001 (In Thousands) (Unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents: Cash $129,866 Temporary cash investments - at cost, which approximates market 618,327 Special deposits 3,380 ----------- Total cash and cash equivalents 751,573 ----------- Other temporary investments 150,000 Notes receivable 2,137 Accounts receivable: Customer 294,799 Allowance for doubtful accounts (19,255) Other 286,671 Accrued unbilled revenues 268,680 ----------- Total receivables 830,895 ----------- Deferred fuel costs 172,444 Accumulated deferred income taxes 6,488 Fuel inventory - at average cost 97,497 Materials and supplies - at average cost 460,644 Deferred nuclear refueling outage costs 79,755 Prepayments and other 129,251 ----------- TOTAL 2,680,684 ----------- OTHER PROPERTY AND INVESTMENTS Investment in affiliates - at equity 766,103 Decommissioning trust funds 1,775,950 Non-utility property - at cost (less accumulated depreciation) 295,616 Other 495,542 ----------- TOTAL 3,333,211 ----------- PROPERTY, PLANT AND EQUIPMENT Electric 26,359,376 Plant acquisition adjustment 374,399 Property under capital lease 753,310 Natural gas 201,841 Construction work in progress 882,829 Nuclear fuel under capital lease 265,464 Nuclear fuel 232,387 ----------- TOTAL PROPERTY, PLANT AND EQUIPMENT 29,069,606 Less - accumulated depreciation and amortization 11,805,578 ----------- PROPERTY, PLANT AND EQUIPMENT - NET 17,264,028 ----------- DEFERRED DEBITS AND OTHER ASSETS Regulatory assets: SFAS 109 regulatory asset - net 946,126 Unamortized loss on reacquired debt 166,546 Other regulatory assets 707,439 Long-term receivables 28,083 Other 784,194 ----------- TOTAL 2,632,388 ----------- TOTAL ASSETS $25,910,311 =========== Exhibit 2 page 2 of 3 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET DECEMBER 31, 2001 (In Thousands) (Unaudited) LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Currently maturing long-term debt $682,771 Notes payable 351,018 Accounts payable 592,529 Customer deposits 188,230 Taxes accrued 700,133 Nuclear refueling outage costs 2,080 Interest accrued 192,420 Obligations under capital leases 149,352 Other 345,387 ----------- TOTAL 3,203,920 ----------- DEFERRED CREDITS AND OTHER LIABILITIES Accumulated deferred income taxes 3,574,664 Accumulated deferred investment tax credits 471,090 Taxes accrued 250,000 Obligations under capital leases 181,085 Other regulatory liabilities 135,878 Decommissioning 1,194,333 Transition to competition 231,512 Regulatory reserves 37,591 Accumulated provisions 425,399 Other 852,269 ----------- TOTAL 7,353,821 ----------- Long-term debt 7,321,028 Preferred stock with sinking fund 26,185 Preferred stock without sinking fund 334,337 Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated deferrable debentures 215,000 SHAREHOLDERS' EQUITY Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2001 2,482 Paid-in capital 4,662,704 Retained earnings 3,638,448 Accumulated other comprehensive loss (88,794) Less - treasury stock, at cost (27,441,384 shares in 2001) 758,820 ----------- TOTAL 7,456,020 ----------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $25,910,311 =========== Exhibit 2 page 3 of 3 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME For the Year Ended December 31, 2001 (In Thousands) (Unaudited) OPERATING REVENUES Domestic electric $7,244,827 Natural gas 185,902 Competitive businesses 2,190,170 ----------- TOTAL 9,620,899 ----------- OPERATING EXPENSES Operating and Maintenance: Fuel, fuel-related expenses, and gas purchased for resale 3,681,677 Purchased power 1,021,432 Nuclear refueling outage expenses 89,145 Other operation and maintenance 2,151,742 Decommissioning 3,189 Taxes other than income taxes 399,849 Depreciation and amortization 721,033 Other regulatory charges (credits) - net (37,093) Amortization of rate deferrals 16,583 ----------- TOTAL 8,047,557 ----------- OPERATING INCOME 1,573,342 ----------- OTHER INCOME Allowance for equity funds used during construction 26,209 Gain on sale of assets - net 5,226 Interest and dividend income 159,805 Equity in earnings of unconsolidated equity affiliates 180,956 Miscellaneous - net (22,843) ----------- TOTAL 349,353 ----------- INTEREST AND OTHER CHARGES Interest on long-term debt 544,920 Other interest - net 197,638 Distributions on preferred securities of subsidiaries 18,838 Allowance for borrowed funds used during construction (21,419) ----------- TOTAL 739,977 ----------- INCOME BEFORE INCOME TAXES AND CUMULATIVE EFFECT OF ACCOUNTING CHANGE 1,182,718 Income taxes 455,693 ----------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 727,025 CUMULATIVE EFFECT OF ACCOUNTING CHANGE (net of income taxes of $10,064) 23,482 ----------- CONSOLIDATED NET INCOME 750,507 Preferred dividend requirements and other 24,311 ----------- EARNINGS APPLICABLE TO COMMON STOCK $726,196 ===========