EX-99 4 a12602e2.txt Exhibit 2 page 1 of 3 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET ASSETS March 31, 2002 (Unaudited) (In Thousands) CURRENT ASSETS Cash and cash equivalents: Cash $158,188 Temporary cash investments - at cost, which approximates market 604,688 Special deposits 419 ------------ Total cash and cash equivalents 763,295 ------------ Other temporary investments - Notes receivable 47,904 Accounts receivable: Customer 271,697 Allowance for doubtful accounts (19,186) Other 225,118 Accrued unbilled revenues 278,260 ------------ Total receivables 755,889 ------------ Deferred fuel costs 127,280 Accumulated deferred income taxes 32,038 Fuel inventory - at average cost 110,729 Materials and supplies - at average cost 465,143 Deferred nuclear refueling outage costs 61,768 Prepayments and other 94,754 ------------ TOTAL 2,458,800 ------------ OTHER PROPERTY AND INVESTMENTS Investment in affiliates - at equity 677,211 Decommissioning trust funds 1,773,676 Non-utility property - at cost (less accumulated depreciation) 294,845 Other 441,850 ------------ TOTAL 3,187,582 ------------ PROPERTY, PLANT AND EQUIPMENT Electric 26,411,761 Property under capital lease 750,950 Natural gas 203,812 Construction work in progress 1,008,507 Nuclear fuel under capital lease 279,621 Nuclear fuel 196,039 ------------ TOTAL PROPERTY, PLANT AND EQUIPMENT 28,850,690 Less - accumulated depreciation and amortization 11,961,391 ------------ PROPERTY, PLANT AND EQUIPMENT - NET 16,889,299 ------------ DEFERRED DEBITS AND OTHER ASSETS Regulatory assets: SFAS 109 regulatory asset - net 943,918 Unamortized loss on reacquired debt 164,020 Other regulatory assets 710,923 Long-term receivables 27,270 Goodwill 377,472 Other 750,572 ------------ TOTAL 2,974,175 ------------ TOTAL ASSETS $25,509,856 ============ Exhibit 2 page 2 of 3 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET LIABILITIES AND SHAREHOLDERS' EQUITY March 31, 2002 (Unaudited) (In Thousands) CURRENT LIABILITIES Currently maturing long-term debt $570,176 Notes payable 407,351 Accounts payable 523,016 Customer deposits 190,594 Taxes accrued 830,699 Nuclear refueling outage costs 5,125 Interest accrued 159,993 Obligations under capital leases 149,300 Other 198,580 ------------ TOTAL 3,034,834 ------------ DEFERRED CREDITS AND OTHER LIABILITIES Accumulated deferred income taxes 3,410,282 Accumulated deferred investment tax credits 465,290 Taxes accrued 250,000 Obligations under capital leases 191,879 Other regulatory liabilities 172,547 Decommissioning 1,205,125 Transition to competition 233,099 Regulatory reserves 47,308 Accumulated provisions 614,691 Other 818,463 ------------ TOTAL 7,408,684 ------------ Long-term debt 7,058,904 Preferred stock with sinking fund 24,781 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 2002 2,482 Paid-in capital 4,663,931 Retained earnings 3,486,122 Accumulated other comprehensive loss (27,679) Less - treasury stock, at cost (24,964,112 shares in 2002) 691,540 ------------ TOTAL 7,433,316 ------------ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $25,509,856 ============ *Totals may not foot due to rounding. Exhibit 2 page 3 of 3 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS For the Three Months Ended March 31, 2002 (Unaudited) (In Thousands) OPERATING REVENUES Domestic electric $1,401,009 Natural gas 46,377 Competitive businesses 413,448 ------------ TOTAL 1,860,834 ------------ OPERATING EXPENSES Operating and Maintenance: Fuel, fuel-related expenses, and gas purchased for resale 468,861 Purchased power 169,486 Nuclear refueling outage expenses 25,187 Provision for turbine commitments and asset impairments 401,373 Other operation and maintenance 524,352 Decommissioning 8,193 Taxes other than income taxes 102,370 Depreciation and amortization 205,124 Other regulatory charges (credits) - net 1,563 ------------ TOTAL 1,906,509 ------------ OPERATING INCOME (LOSS) (45,675) ------------ OTHER INCOME Allowance for equity funds used during construction 6,682 Gain on sale of assets - net 665 Interest and dividend income 23,525 Equity in earnings of unconsolidated equity affiliates 75,065 Miscellaneous - net (11,072) ------------ TOTAL 94,865 ------------ INTEREST AND OTHER CHARGES Interest on long-term debt 123,527 Other interest - net 25,473 Distributions on preferred securities of subsidiaries 4,709 Allowance for borrowed funds used during construction (5,638) ------------ TOTAL 148,071 ------------ INCOME (LOSS) BEFORE INCOME TAXES (98,881) Income taxes (25,898) ------------ CONSOLIDATED NET INCOME (LOSS) (72,983) Preferred dividend requirements and other 5,940 ------------ EARNINGS (LOSS) APPLICABLE TO COMMON STOCK ($78,923) ============