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Quarterly Financial Data
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2017 and 2016 for Entergy Corporation and subsidiaries were:
 
Operating Revenues
 
Operating Income (Loss)
 
Consolidated Net Income (Loss)
 
Net Income (Loss) Attributable to Entergy Corporation
 
(In Thousands)
2017:
 
 
 
First Quarter

$2,588,458

 

$174,803

 

$86,051

 

$82,605

Second Quarter

$2,618,550

 

$143,509

 

$413,368

 

$409,922

Third Quarter

$3,243,628

 

$729,469

 

$401,644

 

$398,198

Fourth Quarter

$2,623,845

 

$211,901

 

($475,710
)
 

($479,113
)
2016:
 
 
 
First Quarter

$2,609,852

 

$498,218

 

$235,242

 

$229,966

Second Quarter

$2,462,562

 

$442,258

 

$572,590

 

$567,314

Third Quarter

$3,124,703

 

$772,060

 

$393,204

 

$388,170

Fourth Quarter

$2,648,528

 

($2,599,001
)
 

($1,765,539
)
 

($1,769,068
)

Earnings (loss) per average common share
 
2017
 
2016
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.46

 

$0.46

 

$1.29

 

$1.28

Second Quarter

$2.28

 

$2.27

 

$3.17

 

$3.16

Third Quarter

$2.22

 

$2.21

 

$2.17

 

$2.16

Fourth Quarter

($2.67
)
 

($2.66
)
 

($9.89
)
 

($9.86
)


Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

Results of operations for 2016 include: 1) $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values; 2) a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a change in the tax classification of a legal entity that owned one of the Entergy Wholesale Commodities nuclear power plants; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and 3) a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 14 to the financial statements for further discussion of the impairment and related charges, see Note 3 to the financial statements for additional discussion of the income tax items, and see Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2017 and 2016 were:

Operating Revenues
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$474,351

 

$880,783

 

$258,443

 

$168,989

 

$363,927

 

$154,787

Second Quarter

$496,662

 

$1,083,434

 

$291,212

 

$176,222

 

$378,488

 

$164,956

Third Quarter

$673,226

 

$1,290,494

 

$349,197

 

$199,017

 

$432,909

 

$156,106

Fourth Quarter

$495,680

 

$1,045,839

 

$299,377

 

$171,842

 

$369,569

 

$157,609

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$465,373

 

$955,145

 

$263,046

 

$149,340

 

$378,304

 

$137,693

Second Quarter

$504,252

 

$999,034

 

$248,138

 

$164,920

 

$412,922

 

$151,323

Third Quarter

$654,599

 

$1,249,452

 

$309,739

 

$201,336

 

$442,085

 

$114,039

Fourth Quarter

$462,384

 

$973,417

 

$273,726

 

$149,867

 

$382,308

 

$145,236


Operating Income
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,847

 

$152,648

 

$39,608

 

$21,762

 

$38,842

 

$41,544

Second Quarter

$68,994

 

$193,779

 

$55,262

 

$27,606

 

$47,787

 

$40,717

Third Quarter

$169,755

 

$290,089

 

$84,035

 

$33,415

 

$78,950

 

$37,459

Fourth Quarter

$14,507

 

$210,325

 

$42,169

 

$12,333

 

$33,800

 

$41,073

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$54,378

 

$181,618

 

$41,573

 

$21,880

 

$41,269

 

$47,466

Second Quarter

$73,447

 

$193,752

 

$61,890

 

$26,913

 

$58,039

 

$45,020

Third Quarter

$188,660

 

$312,951

 

$88,312

 

$42,279

 

$107,964

 

$43,886

Fourth Quarter

$29,843

 

$111,066

 

$32,464

 

$8,807

 

$38,338

 

$44,781




Net Income (Loss)
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,304

 

$94,378

 

$17,158

 

$10,978

 

$10,854

 

$20,347

Second Quarter

$38,550

 

$124,479

 

$28,303

 

$14,882

 

$21,101

 

$19,350

Third Quarter

$92,638

 

$186,284

 

$46,545

 

$18,529

 

$39,588

 

$20,583

Fourth Quarter

($5,648
)
 

($88,794
)
 

$18,026

 

$164

 

$4,630

 

$18,316

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$19,294

 

$111,606

 

$17,118

 

$11,167

 

$14,562

 

$25,958

Second Quarter

$33,891

 

$253,325

 

$32,194

 

$11,843

 

$24,058

 

$25,090

Third Quarter

$110,148

 

$189,506

 

$46,612

 

$23,701

 

$56,133

 

$22,370

Fourth Quarter

$3,879

 

$67,610

 

$13,260

 

$2,138

 

$12,785

 

$23,326



Earnings (Loss) Applicable to Common Equity
 
Entergy Arkansas
 
Entergy Mississippi
 
Entergy New Orleans
 
(In Thousands)
2017:
 
 
 
 
 
First Quarter

$13,947

 

$16,920

 

$10,737

Second Quarter

$38,193

 

$28,064

 

$14,641

Third Quarter

$92,281

 

$46,307

 

$18,288

Fourth Quarter

($6,005
)
 

$17,788

 

$46

2016:
 
 
 
 
 
First Quarter

$17,576

 

$16,411

 

$10,926

Second Quarter

$32,173

 

$31,487

 

$11,602

Third Quarter

$108,672

 

$45,905

 

$23,460

Fourth Quarter

$3,521

 

$12,938

 

$1,896
Entergy Arkansas [Member]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2017 and 2016 for Entergy Corporation and subsidiaries were:
 
Operating Revenues
 
Operating Income (Loss)
 
Consolidated Net Income (Loss)
 
Net Income (Loss) Attributable to Entergy Corporation
 
(In Thousands)
2017:
 
 
 
First Quarter

$2,588,458

 

$174,803

 

$86,051

 

$82,605

Second Quarter

$2,618,550

 

$143,509

 

$413,368

 

$409,922

Third Quarter

$3,243,628

 

$729,469

 

$401,644

 

$398,198

Fourth Quarter

$2,623,845

 

$211,901

 

($475,710
)
 

($479,113
)
2016:
 
 
 
First Quarter

$2,609,852

 

$498,218

 

$235,242

 

$229,966

Second Quarter

$2,462,562

 

$442,258

 

$572,590

 

$567,314

Third Quarter

$3,124,703

 

$772,060

 

$393,204

 

$388,170

Fourth Quarter

$2,648,528

 

($2,599,001
)
 

($1,765,539
)
 

($1,769,068
)

Earnings (loss) per average common share
 
2017
 
2016
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.46

 

$0.46

 

$1.29

 

$1.28

Second Quarter

$2.28

 

$2.27

 

$3.17

 

$3.16

Third Quarter

$2.22

 

$2.21

 

$2.17

 

$2.16

Fourth Quarter

($2.67
)
 

($2.66
)
 

($9.89
)
 

($9.86
)


Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

Results of operations for 2016 include: 1) $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values; 2) a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a change in the tax classification of a legal entity that owned one of the Entergy Wholesale Commodities nuclear power plants; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and 3) a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 14 to the financial statements for further discussion of the impairment and related charges, see Note 3 to the financial statements for additional discussion of the income tax items, and see Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2017 and 2016 were:

Operating Revenues
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$474,351

 

$880,783

 

$258,443

 

$168,989

 

$363,927

 

$154,787

Second Quarter

$496,662

 

$1,083,434

 

$291,212

 

$176,222

 

$378,488

 

$164,956

Third Quarter

$673,226

 

$1,290,494

 

$349,197

 

$199,017

 

$432,909

 

$156,106

Fourth Quarter

$495,680

 

$1,045,839

 

$299,377

 

$171,842

 

$369,569

 

$157,609

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$465,373

 

$955,145

 

$263,046

 

$149,340

 

$378,304

 

$137,693

Second Quarter

$504,252

 

$999,034

 

$248,138

 

$164,920

 

$412,922

 

$151,323

Third Quarter

$654,599

 

$1,249,452

 

$309,739

 

$201,336

 

$442,085

 

$114,039

Fourth Quarter

$462,384

 

$973,417

 

$273,726

 

$149,867

 

$382,308

 

$145,236


Operating Income
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,847

 

$152,648

 

$39,608

 

$21,762

 

$38,842

 

$41,544

Second Quarter

$68,994

 

$193,779

 

$55,262

 

$27,606

 

$47,787

 

$40,717

Third Quarter

$169,755

 

$290,089

 

$84,035

 

$33,415

 

$78,950

 

$37,459

Fourth Quarter

$14,507

 

$210,325

 

$42,169

 

$12,333

 

$33,800

 

$41,073

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$54,378

 

$181,618

 

$41,573

 

$21,880

 

$41,269

 

$47,466

Second Quarter

$73,447

 

$193,752

 

$61,890

 

$26,913

 

$58,039

 

$45,020

Third Quarter

$188,660

 

$312,951

 

$88,312

 

$42,279

 

$107,964

 

$43,886

Fourth Quarter

$29,843

 

$111,066

 

$32,464

 

$8,807

 

$38,338

 

$44,781




Net Income (Loss)
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,304

 

$94,378

 

$17,158

 

$10,978

 

$10,854

 

$20,347

Second Quarter

$38,550

 

$124,479

 

$28,303

 

$14,882

 

$21,101

 

$19,350

Third Quarter

$92,638

 

$186,284

 

$46,545

 

$18,529

 

$39,588

 

$20,583

Fourth Quarter

($5,648
)
 

($88,794
)
 

$18,026

 

$164

 

$4,630

 

$18,316

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$19,294

 

$111,606

 

$17,118

 

$11,167

 

$14,562

 

$25,958

Second Quarter

$33,891

 

$253,325

 

$32,194

 

$11,843

 

$24,058

 

$25,090

Third Quarter

$110,148

 

$189,506

 

$46,612

 

$23,701

 

$56,133

 

$22,370

Fourth Quarter

$3,879

 

$67,610

 

$13,260

 

$2,138

 

$12,785

 

$23,326



Earnings (Loss) Applicable to Common Equity
 
Entergy Arkansas
 
Entergy Mississippi
 
Entergy New Orleans
 
(In Thousands)
2017:
 
 
 
 
 
First Quarter

$13,947

 

$16,920

 

$10,737

Second Quarter

$38,193

 

$28,064

 

$14,641

Third Quarter

$92,281

 

$46,307

 

$18,288

Fourth Quarter

($6,005
)
 

$17,788

 

$46

2016:
 
 
 
 
 
First Quarter

$17,576

 

$16,411

 

$10,926

Second Quarter

$32,173

 

$31,487

 

$11,602

Third Quarter

$108,672

 

$45,905

 

$23,460

Fourth Quarter

$3,521

 

$12,938

 

$1,896
Entergy Louisiana [Member]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2017 and 2016 for Entergy Corporation and subsidiaries were:
 
Operating Revenues
 
Operating Income (Loss)
 
Consolidated Net Income (Loss)
 
Net Income (Loss) Attributable to Entergy Corporation
 
(In Thousands)
2017:
 
 
 
First Quarter

$2,588,458

 

$174,803

 

$86,051

 

$82,605

Second Quarter

$2,618,550

 

$143,509

 

$413,368

 

$409,922

Third Quarter

$3,243,628

 

$729,469

 

$401,644

 

$398,198

Fourth Quarter

$2,623,845

 

$211,901

 

($475,710
)
 

($479,113
)
2016:
 
 
 
First Quarter

$2,609,852

 

$498,218

 

$235,242

 

$229,966

Second Quarter

$2,462,562

 

$442,258

 

$572,590

 

$567,314

Third Quarter

$3,124,703

 

$772,060

 

$393,204

 

$388,170

Fourth Quarter

$2,648,528

 

($2,599,001
)
 

($1,765,539
)
 

($1,769,068
)

Earnings (loss) per average common share
 
2017
 
2016
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.46

 

$0.46

 

$1.29

 

$1.28

Second Quarter

$2.28

 

$2.27

 

$3.17

 

$3.16

Third Quarter

$2.22

 

$2.21

 

$2.17

 

$2.16

Fourth Quarter

($2.67
)
 

($2.66
)
 

($9.89
)
 

($9.86
)


Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

Results of operations for 2016 include: 1) $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values; 2) a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a change in the tax classification of a legal entity that owned one of the Entergy Wholesale Commodities nuclear power plants; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and 3) a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 14 to the financial statements for further discussion of the impairment and related charges, see Note 3 to the financial statements for additional discussion of the income tax items, and see Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2017 and 2016 were:

Operating Revenues
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$474,351

 

$880,783

 

$258,443

 

$168,989

 

$363,927

 

$154,787

Second Quarter

$496,662

 

$1,083,434

 

$291,212

 

$176,222

 

$378,488

 

$164,956

Third Quarter

$673,226

 

$1,290,494

 

$349,197

 

$199,017

 

$432,909

 

$156,106

Fourth Quarter

$495,680

 

$1,045,839

 

$299,377

 

$171,842

 

$369,569

 

$157,609

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$465,373

 

$955,145

 

$263,046

 

$149,340

 

$378,304

 

$137,693

Second Quarter

$504,252

 

$999,034

 

$248,138

 

$164,920

 

$412,922

 

$151,323

Third Quarter

$654,599

 

$1,249,452

 

$309,739

 

$201,336

 

$442,085

 

$114,039

Fourth Quarter

$462,384

 

$973,417

 

$273,726

 

$149,867

 

$382,308

 

$145,236


Operating Income
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,847

 

$152,648

 

$39,608

 

$21,762

 

$38,842

 

$41,544

Second Quarter

$68,994

 

$193,779

 

$55,262

 

$27,606

 

$47,787

 

$40,717

Third Quarter

$169,755

 

$290,089

 

$84,035

 

$33,415

 

$78,950

 

$37,459

Fourth Quarter

$14,507

 

$210,325

 

$42,169

 

$12,333

 

$33,800

 

$41,073

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$54,378

 

$181,618

 

$41,573

 

$21,880

 

$41,269

 

$47,466

Second Quarter

$73,447

 

$193,752

 

$61,890

 

$26,913

 

$58,039

 

$45,020

Third Quarter

$188,660

 

$312,951

 

$88,312

 

$42,279

 

$107,964

 

$43,886

Fourth Quarter

$29,843

 

$111,066

 

$32,464

 

$8,807

 

$38,338

 

$44,781




Net Income (Loss)
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,304

 

$94,378

 

$17,158

 

$10,978

 

$10,854

 

$20,347

Second Quarter

$38,550

 

$124,479

 

$28,303

 

$14,882

 

$21,101

 

$19,350

Third Quarter

$92,638

 

$186,284

 

$46,545

 

$18,529

 

$39,588

 

$20,583

Fourth Quarter

($5,648
)
 

($88,794
)
 

$18,026

 

$164

 

$4,630

 

$18,316

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$19,294

 

$111,606

 

$17,118

 

$11,167

 

$14,562

 

$25,958

Second Quarter

$33,891

 

$253,325

 

$32,194

 

$11,843

 

$24,058

 

$25,090

Third Quarter

$110,148

 

$189,506

 

$46,612

 

$23,701

 

$56,133

 

$22,370

Fourth Quarter

$3,879

 

$67,610

 

$13,260

 

$2,138

 

$12,785

 

$23,326



Earnings (Loss) Applicable to Common Equity
 
Entergy Arkansas
 
Entergy Mississippi
 
Entergy New Orleans
 
(In Thousands)
2017:
 
 
 
 
 
First Quarter

$13,947

 

$16,920

 

$10,737

Second Quarter

$38,193

 

$28,064

 

$14,641

Third Quarter

$92,281

 

$46,307

 

$18,288

Fourth Quarter

($6,005
)
 

$17,788

 

$46

2016:
 
 
 
 
 
First Quarter

$17,576

 

$16,411

 

$10,926

Second Quarter

$32,173

 

$31,487

 

$11,602

Third Quarter

$108,672

 

$45,905

 

$23,460

Fourth Quarter

$3,521

 

$12,938

 

$1,896
Entergy Mississippi [Member]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2017 and 2016 for Entergy Corporation and subsidiaries were:
 
Operating Revenues
 
Operating Income (Loss)
 
Consolidated Net Income (Loss)
 
Net Income (Loss) Attributable to Entergy Corporation
 
(In Thousands)
2017:
 
 
 
First Quarter

$2,588,458

 

$174,803

 

$86,051

 

$82,605

Second Quarter

$2,618,550

 

$143,509

 

$413,368

 

$409,922

Third Quarter

$3,243,628

 

$729,469

 

$401,644

 

$398,198

Fourth Quarter

$2,623,845

 

$211,901

 

($475,710
)
 

($479,113
)
2016:
 
 
 
First Quarter

$2,609,852

 

$498,218

 

$235,242

 

$229,966

Second Quarter

$2,462,562

 

$442,258

 

$572,590

 

$567,314

Third Quarter

$3,124,703

 

$772,060

 

$393,204

 

$388,170

Fourth Quarter

$2,648,528

 

($2,599,001
)
 

($1,765,539
)
 

($1,769,068
)

Earnings (loss) per average common share
 
2017
 
2016
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.46

 

$0.46

 

$1.29

 

$1.28

Second Quarter

$2.28

 

$2.27

 

$3.17

 

$3.16

Third Quarter

$2.22

 

$2.21

 

$2.17

 

$2.16

Fourth Quarter

($2.67
)
 

($2.66
)
 

($9.89
)
 

($9.86
)


Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

Results of operations for 2016 include: 1) $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values; 2) a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a change in the tax classification of a legal entity that owned one of the Entergy Wholesale Commodities nuclear power plants; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and 3) a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 14 to the financial statements for further discussion of the impairment and related charges, see Note 3 to the financial statements for additional discussion of the income tax items, and see Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2017 and 2016 were:

Operating Revenues
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$474,351

 

$880,783

 

$258,443

 

$168,989

 

$363,927

 

$154,787

Second Quarter

$496,662

 

$1,083,434

 

$291,212

 

$176,222

 

$378,488

 

$164,956

Third Quarter

$673,226

 

$1,290,494

 

$349,197

 

$199,017

 

$432,909

 

$156,106

Fourth Quarter

$495,680

 

$1,045,839

 

$299,377

 

$171,842

 

$369,569

 

$157,609

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$465,373

 

$955,145

 

$263,046

 

$149,340

 

$378,304

 

$137,693

Second Quarter

$504,252

 

$999,034

 

$248,138

 

$164,920

 

$412,922

 

$151,323

Third Quarter

$654,599

 

$1,249,452

 

$309,739

 

$201,336

 

$442,085

 

$114,039

Fourth Quarter

$462,384

 

$973,417

 

$273,726

 

$149,867

 

$382,308

 

$145,236


Operating Income
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,847

 

$152,648

 

$39,608

 

$21,762

 

$38,842

 

$41,544

Second Quarter

$68,994

 

$193,779

 

$55,262

 

$27,606

 

$47,787

 

$40,717

Third Quarter

$169,755

 

$290,089

 

$84,035

 

$33,415

 

$78,950

 

$37,459

Fourth Quarter

$14,507

 

$210,325

 

$42,169

 

$12,333

 

$33,800

 

$41,073

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$54,378

 

$181,618

 

$41,573

 

$21,880

 

$41,269

 

$47,466

Second Quarter

$73,447

 

$193,752

 

$61,890

 

$26,913

 

$58,039

 

$45,020

Third Quarter

$188,660

 

$312,951

 

$88,312

 

$42,279

 

$107,964

 

$43,886

Fourth Quarter

$29,843

 

$111,066

 

$32,464

 

$8,807

 

$38,338

 

$44,781




Net Income (Loss)
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,304

 

$94,378

 

$17,158

 

$10,978

 

$10,854

 

$20,347

Second Quarter

$38,550

 

$124,479

 

$28,303

 

$14,882

 

$21,101

 

$19,350

Third Quarter

$92,638

 

$186,284

 

$46,545

 

$18,529

 

$39,588

 

$20,583

Fourth Quarter

($5,648
)
 

($88,794
)
 

$18,026

 

$164

 

$4,630

 

$18,316

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$19,294

 

$111,606

 

$17,118

 

$11,167

 

$14,562

 

$25,958

Second Quarter

$33,891

 

$253,325

 

$32,194

 

$11,843

 

$24,058

 

$25,090

Third Quarter

$110,148

 

$189,506

 

$46,612

 

$23,701

 

$56,133

 

$22,370

Fourth Quarter

$3,879

 

$67,610

 

$13,260

 

$2,138

 

$12,785

 

$23,326



Earnings (Loss) Applicable to Common Equity
 
Entergy Arkansas
 
Entergy Mississippi
 
Entergy New Orleans
 
(In Thousands)
2017:
 
 
 
 
 
First Quarter

$13,947

 

$16,920

 

$10,737

Second Quarter

$38,193

 

$28,064

 

$14,641

Third Quarter

$92,281

 

$46,307

 

$18,288

Fourth Quarter

($6,005
)
 

$17,788

 

$46

2016:
 
 
 
 
 
First Quarter

$17,576

 

$16,411

 

$10,926

Second Quarter

$32,173

 

$31,487

 

$11,602

Third Quarter

$108,672

 

$45,905

 

$23,460

Fourth Quarter

$3,521

 

$12,938

 

$1,896
Entergy New Orleans [Member]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2017 and 2016 for Entergy Corporation and subsidiaries were:
 
Operating Revenues
 
Operating Income (Loss)
 
Consolidated Net Income (Loss)
 
Net Income (Loss) Attributable to Entergy Corporation
 
(In Thousands)
2017:
 
 
 
First Quarter

$2,588,458

 

$174,803

 

$86,051

 

$82,605

Second Quarter

$2,618,550

 

$143,509

 

$413,368

 

$409,922

Third Quarter

$3,243,628

 

$729,469

 

$401,644

 

$398,198

Fourth Quarter

$2,623,845

 

$211,901

 

($475,710
)
 

($479,113
)
2016:
 
 
 
First Quarter

$2,609,852

 

$498,218

 

$235,242

 

$229,966

Second Quarter

$2,462,562

 

$442,258

 

$572,590

 

$567,314

Third Quarter

$3,124,703

 

$772,060

 

$393,204

 

$388,170

Fourth Quarter

$2,648,528

 

($2,599,001
)
 

($1,765,539
)
 

($1,769,068
)

Earnings (loss) per average common share
 
2017
 
2016
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.46

 

$0.46

 

$1.29

 

$1.28

Second Quarter

$2.28

 

$2.27

 

$3.17

 

$3.16

Third Quarter

$2.22

 

$2.21

 

$2.17

 

$2.16

Fourth Quarter

($2.67
)
 

($2.66
)
 

($9.89
)
 

($9.86
)


Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

Results of operations for 2016 include: 1) $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values; 2) a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a change in the tax classification of a legal entity that owned one of the Entergy Wholesale Commodities nuclear power plants; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and 3) a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 14 to the financial statements for further discussion of the impairment and related charges, see Note 3 to the financial statements for additional discussion of the income tax items, and see Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2017 and 2016 were:

Operating Revenues
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$474,351

 

$880,783

 

$258,443

 

$168,989

 

$363,927

 

$154,787

Second Quarter

$496,662

 

$1,083,434

 

$291,212

 

$176,222

 

$378,488

 

$164,956

Third Quarter

$673,226

 

$1,290,494

 

$349,197

 

$199,017

 

$432,909

 

$156,106

Fourth Quarter

$495,680

 

$1,045,839

 

$299,377

 

$171,842

 

$369,569

 

$157,609

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$465,373

 

$955,145

 

$263,046

 

$149,340

 

$378,304

 

$137,693

Second Quarter

$504,252

 

$999,034

 

$248,138

 

$164,920

 

$412,922

 

$151,323

Third Quarter

$654,599

 

$1,249,452

 

$309,739

 

$201,336

 

$442,085

 

$114,039

Fourth Quarter

$462,384

 

$973,417

 

$273,726

 

$149,867

 

$382,308

 

$145,236


Operating Income
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,847

 

$152,648

 

$39,608

 

$21,762

 

$38,842

 

$41,544

Second Quarter

$68,994

 

$193,779

 

$55,262

 

$27,606

 

$47,787

 

$40,717

Third Quarter

$169,755

 

$290,089

 

$84,035

 

$33,415

 

$78,950

 

$37,459

Fourth Quarter

$14,507

 

$210,325

 

$42,169

 

$12,333

 

$33,800

 

$41,073

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$54,378

 

$181,618

 

$41,573

 

$21,880

 

$41,269

 

$47,466

Second Quarter

$73,447

 

$193,752

 

$61,890

 

$26,913

 

$58,039

 

$45,020

Third Quarter

$188,660

 

$312,951

 

$88,312

 

$42,279

 

$107,964

 

$43,886

Fourth Quarter

$29,843

 

$111,066

 

$32,464

 

$8,807

 

$38,338

 

$44,781




Net Income (Loss)
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,304

 

$94,378

 

$17,158

 

$10,978

 

$10,854

 

$20,347

Second Quarter

$38,550

 

$124,479

 

$28,303

 

$14,882

 

$21,101

 

$19,350

Third Quarter

$92,638

 

$186,284

 

$46,545

 

$18,529

 

$39,588

 

$20,583

Fourth Quarter

($5,648
)
 

($88,794
)
 

$18,026

 

$164

 

$4,630

 

$18,316

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$19,294

 

$111,606

 

$17,118

 

$11,167

 

$14,562

 

$25,958

Second Quarter

$33,891

 

$253,325

 

$32,194

 

$11,843

 

$24,058

 

$25,090

Third Quarter

$110,148

 

$189,506

 

$46,612

 

$23,701

 

$56,133

 

$22,370

Fourth Quarter

$3,879

 

$67,610

 

$13,260

 

$2,138

 

$12,785

 

$23,326



Earnings (Loss) Applicable to Common Equity
 
Entergy Arkansas
 
Entergy Mississippi
 
Entergy New Orleans
 
(In Thousands)
2017:
 
 
 
 
 
First Quarter

$13,947

 

$16,920

 

$10,737

Second Quarter

$38,193

 

$28,064

 

$14,641

Third Quarter

$92,281

 

$46,307

 

$18,288

Fourth Quarter

($6,005
)
 

$17,788

 

$46

2016:
 
 
 
 
 
First Quarter

$17,576

 

$16,411

 

$10,926

Second Quarter

$32,173

 

$31,487

 

$11,602

Third Quarter

$108,672

 

$45,905

 

$23,460

Fourth Quarter

$3,521

 

$12,938

 

$1,896
Entergy Texas [Member]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2017 and 2016 for Entergy Corporation and subsidiaries were:
 
Operating Revenues
 
Operating Income (Loss)
 
Consolidated Net Income (Loss)
 
Net Income (Loss) Attributable to Entergy Corporation
 
(In Thousands)
2017:
 
 
 
First Quarter

$2,588,458

 

$174,803

 

$86,051

 

$82,605

Second Quarter

$2,618,550

 

$143,509

 

$413,368

 

$409,922

Third Quarter

$3,243,628

 

$729,469

 

$401,644

 

$398,198

Fourth Quarter

$2,623,845

 

$211,901

 

($475,710
)
 

($479,113
)
2016:
 
 
 
First Quarter

$2,609,852

 

$498,218

 

$235,242

 

$229,966

Second Quarter

$2,462,562

 

$442,258

 

$572,590

 

$567,314

Third Quarter

$3,124,703

 

$772,060

 

$393,204

 

$388,170

Fourth Quarter

$2,648,528

 

($2,599,001
)
 

($1,765,539
)
 

($1,769,068
)

Earnings (loss) per average common share
 
2017
 
2016
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.46

 

$0.46

 

$1.29

 

$1.28

Second Quarter

$2.28

 

$2.27

 

$3.17

 

$3.16

Third Quarter

$2.22

 

$2.21

 

$2.17

 

$2.16

Fourth Quarter

($2.67
)
 

($2.66
)
 

($9.89
)
 

($9.86
)


Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

Results of operations for 2016 include: 1) $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values; 2) a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a change in the tax classification of a legal entity that owned one of the Entergy Wholesale Commodities nuclear power plants; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and 3) a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 14 to the financial statements for further discussion of the impairment and related charges, see Note 3 to the financial statements for additional discussion of the income tax items, and see Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2017 and 2016 were:

Operating Revenues
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$474,351

 

$880,783

 

$258,443

 

$168,989

 

$363,927

 

$154,787

Second Quarter

$496,662

 

$1,083,434

 

$291,212

 

$176,222

 

$378,488

 

$164,956

Third Quarter

$673,226

 

$1,290,494

 

$349,197

 

$199,017

 

$432,909

 

$156,106

Fourth Quarter

$495,680

 

$1,045,839

 

$299,377

 

$171,842

 

$369,569

 

$157,609

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$465,373

 

$955,145

 

$263,046

 

$149,340

 

$378,304

 

$137,693

Second Quarter

$504,252

 

$999,034

 

$248,138

 

$164,920

 

$412,922

 

$151,323

Third Quarter

$654,599

 

$1,249,452

 

$309,739

 

$201,336

 

$442,085

 

$114,039

Fourth Quarter

$462,384

 

$973,417

 

$273,726

 

$149,867

 

$382,308

 

$145,236


Operating Income
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,847

 

$152,648

 

$39,608

 

$21,762

 

$38,842

 

$41,544

Second Quarter

$68,994

 

$193,779

 

$55,262

 

$27,606

 

$47,787

 

$40,717

Third Quarter

$169,755

 

$290,089

 

$84,035

 

$33,415

 

$78,950

 

$37,459

Fourth Quarter

$14,507

 

$210,325

 

$42,169

 

$12,333

 

$33,800

 

$41,073

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$54,378

 

$181,618

 

$41,573

 

$21,880

 

$41,269

 

$47,466

Second Quarter

$73,447

 

$193,752

 

$61,890

 

$26,913

 

$58,039

 

$45,020

Third Quarter

$188,660

 

$312,951

 

$88,312

 

$42,279

 

$107,964

 

$43,886

Fourth Quarter

$29,843

 

$111,066

 

$32,464

 

$8,807

 

$38,338

 

$44,781




Net Income (Loss)
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,304

 

$94,378

 

$17,158

 

$10,978

 

$10,854

 

$20,347

Second Quarter

$38,550

 

$124,479

 

$28,303

 

$14,882

 

$21,101

 

$19,350

Third Quarter

$92,638

 

$186,284

 

$46,545

 

$18,529

 

$39,588

 

$20,583

Fourth Quarter

($5,648
)
 

($88,794
)
 

$18,026

 

$164

 

$4,630

 

$18,316

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$19,294

 

$111,606

 

$17,118

 

$11,167

 

$14,562

 

$25,958

Second Quarter

$33,891

 

$253,325

 

$32,194

 

$11,843

 

$24,058

 

$25,090

Third Quarter

$110,148

 

$189,506

 

$46,612

 

$23,701

 

$56,133

 

$22,370

Fourth Quarter

$3,879

 

$67,610

 

$13,260

 

$2,138

 

$12,785

 

$23,326



Earnings (Loss) Applicable to Common Equity
 
Entergy Arkansas
 
Entergy Mississippi
 
Entergy New Orleans
 
(In Thousands)
2017:
 
 
 
 
 
First Quarter

$13,947

 

$16,920

 

$10,737

Second Quarter

$38,193

 

$28,064

 

$14,641

Third Quarter

$92,281

 

$46,307

 

$18,288

Fourth Quarter

($6,005
)
 

$17,788

 

$46

2016:
 
 
 
 
 
First Quarter

$17,576

 

$16,411

 

$10,926

Second Quarter

$32,173

 

$31,487

 

$11,602

Third Quarter

$108,672

 

$45,905

 

$23,460

Fourth Quarter

$3,521

 

$12,938

 

$1,896
System Energy [Member]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2017 and 2016 for Entergy Corporation and subsidiaries were:
 
Operating Revenues
 
Operating Income (Loss)
 
Consolidated Net Income (Loss)
 
Net Income (Loss) Attributable to Entergy Corporation
 
(In Thousands)
2017:
 
 
 
First Quarter

$2,588,458

 

$174,803

 

$86,051

 

$82,605

Second Quarter

$2,618,550

 

$143,509

 

$413,368

 

$409,922

Third Quarter

$3,243,628

 

$729,469

 

$401,644

 

$398,198

Fourth Quarter

$2,623,845

 

$211,901

 

($475,710
)
 

($479,113
)
2016:
 
 
 
First Quarter

$2,609,852

 

$498,218

 

$235,242

 

$229,966

Second Quarter

$2,462,562

 

$442,258

 

$572,590

 

$567,314

Third Quarter

$3,124,703

 

$772,060

 

$393,204

 

$388,170

Fourth Quarter

$2,648,528

 

($2,599,001
)
 

($1,765,539
)
 

($1,769,068
)

Earnings (loss) per average common share
 
2017
 
2016
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.46

 

$0.46

 

$1.29

 

$1.28

Second Quarter

$2.28

 

$2.27

 

$3.17

 

$3.16

Third Quarter

$2.22

 

$2.21

 

$2.17

 

$2.16

Fourth Quarter

($2.67
)
 

($2.66
)
 

($9.89
)
 

($9.86
)


Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

Results of operations for 2016 include: 1) $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values; 2) a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a change in the tax classification of a legal entity that owned one of the Entergy Wholesale Commodities nuclear power plants; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and 3) a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 14 to the financial statements for further discussion of the impairment and related charges, see Note 3 to the financial statements for additional discussion of the income tax items, and see Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2017 and 2016 were:

Operating Revenues
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$474,351

 

$880,783

 

$258,443

 

$168,989

 

$363,927

 

$154,787

Second Quarter

$496,662

 

$1,083,434

 

$291,212

 

$176,222

 

$378,488

 

$164,956

Third Quarter

$673,226

 

$1,290,494

 

$349,197

 

$199,017

 

$432,909

 

$156,106

Fourth Quarter

$495,680

 

$1,045,839

 

$299,377

 

$171,842

 

$369,569

 

$157,609

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$465,373

 

$955,145

 

$263,046

 

$149,340

 

$378,304

 

$137,693

Second Quarter

$504,252

 

$999,034

 

$248,138

 

$164,920

 

$412,922

 

$151,323

Third Quarter

$654,599

 

$1,249,452

 

$309,739

 

$201,336

 

$442,085

 

$114,039

Fourth Quarter

$462,384

 

$973,417

 

$273,726

 

$149,867

 

$382,308

 

$145,236


Operating Income
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,847

 

$152,648

 

$39,608

 

$21,762

 

$38,842

 

$41,544

Second Quarter

$68,994

 

$193,779

 

$55,262

 

$27,606

 

$47,787

 

$40,717

Third Quarter

$169,755

 

$290,089

 

$84,035

 

$33,415

 

$78,950

 

$37,459

Fourth Quarter

$14,507

 

$210,325

 

$42,169

 

$12,333

 

$33,800

 

$41,073

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$54,378

 

$181,618

 

$41,573

 

$21,880

 

$41,269

 

$47,466

Second Quarter

$73,447

 

$193,752

 

$61,890

 

$26,913

 

$58,039

 

$45,020

Third Quarter

$188,660

 

$312,951

 

$88,312

 

$42,279

 

$107,964

 

$43,886

Fourth Quarter

$29,843

 

$111,066

 

$32,464

 

$8,807

 

$38,338

 

$44,781




Net Income (Loss)
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
System Energy
 
(In Thousands)
2017:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,304

 

$94,378

 

$17,158

 

$10,978

 

$10,854

 

$20,347

Second Quarter

$38,550

 

$124,479

 

$28,303

 

$14,882

 

$21,101

 

$19,350

Third Quarter

$92,638

 

$186,284

 

$46,545

 

$18,529

 

$39,588

 

$20,583

Fourth Quarter

($5,648
)
 

($88,794
)
 

$18,026

 

$164

 

$4,630

 

$18,316

2016:
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$19,294

 

$111,606

 

$17,118

 

$11,167

 

$14,562

 

$25,958

Second Quarter

$33,891

 

$253,325

 

$32,194

 

$11,843

 

$24,058

 

$25,090

Third Quarter

$110,148

 

$189,506

 

$46,612

 

$23,701

 

$56,133

 

$22,370

Fourth Quarter

$3,879

 

$67,610

 

$13,260

 

$2,138

 

$12,785

 

$23,326



Earnings (Loss) Applicable to Common Equity
 
Entergy Arkansas
 
Entergy Mississippi
 
Entergy New Orleans
 
(In Thousands)
2017:
 
 
 
 
 
First Quarter

$13,947

 

$16,920

 

$10,737

Second Quarter

$38,193

 

$28,064

 

$14,641

Third Quarter

$92,281

 

$46,307

 

$18,288

Fourth Quarter

($6,005
)
 

$17,788

 

$46

2016:
 
 
 
 
 
First Quarter

$17,576

 

$16,411

 

$10,926

Second Quarter

$32,173

 

$31,487

 

$11,602

Third Quarter

$108,672

 

$45,905

 

$23,460

Fourth Quarter

$3,521

 

$12,938

 

$1,896