Equity (Tables)

9 Months Ended

Sep. 30, 2021

Schedule Of Earnings Per Share Basic And Diluted

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:

	For the Three Months Ended September 30,
	2021			2020
	(In Millions, Except Per Share Data)
	Income	Shares	$/share	Income	Shares	$/share
Basic earnings per share
Net income attributable to Entergy Corporation	$531.0	201.0	$2.64	$521.1	200.2	$2.60
Average dilutive effect of:
Stock options		0.4	—		0.4	—
Other equity plans		0.6	(0.01)		0.5	(0.01)
Diluted earnings per share	$531.0	202.0	$2.63	$521.1	201.1	$2.59

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.0 million for the three months ended September 30, 2021 and approximately 0.5 million for the three months ended September 30, 2020.

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:

	For the Nine Months Ended September 30,
	2021			2020
	(In Millions, Except Per Share Data)
	Income	Shares	$/share	Income	Shares	$/share
Basic earnings per share
Net income attributable to Entergy Corporation	$859.6	200.8	$4.28	$1,000.4	200.1	$5.00
Average dilutive effect of:
Stock options		0.4	(0.01)		0.4	(0.01)
Other equity plans		0.4	(0.01)		0.5	(0.01)
Diluted earnings per share	$859.6	201.6	$4.26	$1,000.4	201.0	$4.98

The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.0 million for the nine months ended September 30, 2021 and approximately 0.5 million for the nine months ended September 30, 2020.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 30, 2021 by component:

	Cash flow hedges net unrealized gain (loss)	Pension and other postretirement liabilities	Net unrealized investment gain (loss)	Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, July 1, 2021	($1,083)	($489,511)	$11,855	($478,739)
Other comprehensive income (loss) before reclassifications	(14)	—	(2,173)	(2,187)
Amounts reclassified from accumulated other comprehensive income (loss)	38	8,838	11	8,887
Net other comprehensive income (loss) for the period	24	8,838	(2,162)	6,700
Ending balance, September 30, 2021	($1,059)	($480,673)	$9,693	($472,039)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 30, 2020 by component:

	Cash flow hedges net unrealized gain (loss)	Pension and other postretirement liabilities	Net unrealized investment gain (loss)	Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, July 1, 2020	$37,090	($485,949)	$60,255	($388,604)
Other comprehensive income (loss) before reclassifications	(4,964)	—	181	(4,783)
Amounts reclassified from accumulated other comprehensive income (loss)	(11,594)	17,437	(2,876)	2,967
Net other comprehensive income (loss) for the period	(16,558)	17,437	(2,695)	(1,816)
Ending balance, September 30, 2020	$20,532	($468,512)	$57,560	($390,420)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2021 by component:

	Cash flow hedges net unrealized gain (loss)	Pension and other postretirement liabilities	Net unrealized investment gain (loss)	Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, January 1, 2021	$28,719	($534,576)	$56,650	($449,207)
Other comprehensive income (loss) before reclassifications	1,454	—	(46,826)	(45,372)
Amounts reclassified from accumulated other comprehensive income (loss)	(31,232)	53,903	(131)	22,540
Net other comprehensive income (loss) for the period	(29,778)	53,903	(46,957)	(22,832)
Ending balance, September 30, 2021	($1,059)	($480,673)	$9,693	($472,039)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2020 by component:

	Cash flow hedges net unrealized gain (loss)	Pension and other postretirement liabilities	Net unrealized investment gain (loss)	Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, January 1, 2020	$84,206	($557,072)	$25,946	($446,920)
Other comprehensive income (loss) before reclassifications	42,256	34,349	40,439	117,044
Amounts reclassified from accumulated other comprehensive income (loss)	(105,930)	54,211	(8,825)	(60,544)
Net other comprehensive income (loss) for the period	(63,674)	88,560	31,614	56,500
Ending balance, September 30, 2020	$20,532	($468,512)	$57,560	($390,420)

Reclassification out of Accumulated Other Comprehensive Income

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the three months ended September 30, 2021 and 2020 were as follows:

	Amounts reclassified from AOCI		Income Statement Location
	2021	2020
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts	$—	$14,724	Competitive business operating revenues
Interest rate swaps	(48)	(48)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(48)	14,676
Income taxes	10	(3,082)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	($38)	$11,594
Pension and other postretirement liabilities
Amortization of prior-service credit	$5,248	$5,682	(a)
Amortization of loss	(13,490)	(27,620)	(a)
Settlement loss	(3,192)	(196)	(a)
Total amortization	(11,434)	(22,134)
Income taxes	2,596	4,697	Income taxes
Total amortization (net of tax)	($8,838)	($17,437)
Net unrealized investment gain (loss)
Realized gain (loss)	($17)	$4,550	Interest and investment income
Income taxes	6	(1,674)	Income taxes
Total realized investment gain (loss) (net of tax)	($11)	$2,876
Total reclassifications for the period (net of tax)	($8,887)	($2,967)

(a)These accumulated other comprehensive income (loss) components were included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the nine months ended September 30, 2021 and 2020 were as follows:

	Amounts reclassified from AOCI		Income Statement Location
	2021	2020
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts	$39,679	$134,233	Competitive business operating revenues
Interest rate swaps	(145)	(145)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	39,534	134,088
Income taxes	(8,302)	(28,158)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)	$31,232	$105,930
Pension and other postretirement liabilities
Amortization of prior-service credit	$15,744	$15,083	(a)
Amortization of loss	(75,553)	(82,561)	(a)
Settlement loss	(9,235)	(196)	(a)
Total amortization	(69,044)	(67,674)
Income taxes	15,141	13,463	Income taxes
Total amortization (net of tax)	($53,903)	($54,211)
Net unrealized investment gain (loss)
Realized gain (loss)	$207	$13,963	Interest and investment income
Income taxes	(76)	(5,138)	Income taxes
Total realized investment gain (loss) (net of tax)	$131	$8,825
Total reclassifications for the period (net of tax)	($22,540)	$60,544

(a)These accumulated other comprehensive income (loss) components were included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.

Entergy Louisiana [Member]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the three months ended September 30, 2021 and 2020:

	Pension and Other Postretirement Liabilities
	2021	2020
	(In Thousands)
Beginning balance, July 1,	$4,508	$13,084
Amounts reclassified from accumulated other comprehensive income (loss)	(131)	(800)
Net other comprehensive income (loss) for the period	(131)	(800)
Ending balance, September 30,	$4,377	$12,284

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the nine months ended September 30, 2021 and 2020:

	Pension and Other Postretirement Liabilities
	2021	2020
	(In Thousands)
Beginning balance, January 1,	$4,327	$4,562
Other comprehensive income (loss) before reclassifications	—	10,050
Amounts reclassified from accumulated other comprehensive income (loss)	50	(2,328)
Net other comprehensive income (loss) for the period	50	7,722
Ending balance, September 30,	$4,377	$12,284

Reclassification out of Accumulated Other Comprehensive Income

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the three months ended September 30, 2021 and 2020 were as follows:

	Amounts reclassified from AOCI		Income Statement Location
	2021	2020
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service credit	$1,230	$1,695	(a)
Amortization of loss	(519)	(417)	(a)
Settlement loss	(534)	(196)	(a)
Total amortization	177	1,082
Income taxes	(46)	(282)	Income taxes
Total amortization (net of tax)	131	800
Total reclassifications for the period (net of tax)	$131	$800

(a)These accumulated other comprehensive income (loss) components were included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the nine months ended September 30, 2021 and 2020 were as follows:

	Amounts reclassified from AOCI		Income Statement Location
	2021	2020
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service credit	$3,690	$4,479	(a)
Amortization of loss	(1,824)	(1,137)	(a)
Settlement loss	(1,934)	(196)	(a)
Total amortization	(68)	3,146
Income taxes	18	(818)	Income taxes
Total amortization (net of tax)	(50)	2,328
Total reclassifications for the period (net of tax)	($50)	$2,328

(a)These accumulated other comprehensive income (loss) components were included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.