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Common Equity
12 Months Ended
Dec. 31, 2014
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2014, 2013, and 2012 is as follows:
 
2014
 
2013
 
2012
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

 
254,752,788

 
78,396,988

Repurchases

 
2,154,490

 

 

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(3,019,475
)
 

 
(557,734
)
 

 
(1,446,305
)
Directors’ Plan

 
(4,872
)
 

 
(5,569
)
 

 
(5,444
)
Ending Balance, December 31
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2014, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.32 in 2014, 2013, and 2012.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2014, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments from subsidiaries totaling $893 million in 2014, $702 million in 2013, and $439 million in 2012.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from accumulated other comprehensive income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2013 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2012

$79,905



($590,712
)


$214,547



$3,177

 

($293,083
)
Other comprehensive income (loss) before reclassifications
(133,312
)
 
260,567

 
143,936

 
243

 
271,434

Amounts reclassified from
accumulated other comprehensive
income (loss)
(28,370
)
 
41,922

 
(21,227
)
 

 
(7,675
)
Net other comprehensive income (loss) for the period
(161,682
)
 
302,489

 
122,709

 
243

 
263,759

Ending balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014:
 
 
Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
 
(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2013
 

($28,202
)
 

($9,635
)
Other comprehensive income (loss) before reclassifications
 
(25,677
)
 
(15,078
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
532

 
(1,163
)
Net other comprehensive income (loss) for the period
 
(25,145
)
 
(16,241
)
Ending balance, December 31, 2014
 

($53,347
)
 

($25,876
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013:


Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana


(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2012
 

($65,229
)
 

($46,132
)
Other comprehensive income (loss) before reclassifications
 
33,233

 
33,869

Amounts reclassified from accumulated other
comprehensive income (loss)
 
3,794

 
2,628

Net other comprehensive income (loss) for the period
 
37,027

 
36,497

Ending balance, December 31, 2013
 

($28,202
)
 

($9,635
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($193,297
)
 
Competitive business operating revenues
Interest rate swaps
 
(2,799
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(196,096
)
 
 
 
 
68,634

 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)
 

($127,462
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss
 
(35,836
)
 
(a)
Settlement loss
 
(3,643
)
 
(a)
Total amortization
 
(19,185
)
 
 
 
 
22,390

 
Income taxes
Total amortization (net of tax)
 

$3,205

 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$20,511

 
Interest and investment income
 
 
(10,050
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$10,461

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($113,796
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2013 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


$47,019


Competitive business operating revenues
Interest rate swaps

(1,565
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

45,454





(17,084
)

Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)


$28,370








Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$10,556

 
(a)
Acceleration of prior-service cost due to curtailment
 
315

 
(a)
Amortization of loss

(68,130
)

(a)
Settlement loss

(11,612
)

(a)
Total amortization

(68,871
)




26,949


Income taxes
Total amortization (net of tax)


($41,922
)







Net unrealized investment gain (loss)




Realized gain (loss)


$41,622


Interest and investment income


(20,395
)

Income taxes
Total realized investment gain (loss) (net of tax)


$21,227








Total reclassifications for the period (net of tax)
 

$7,675

 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014 are as follows:
 
 
Amounts reclassified
from AOCI
 
 
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
Amortization of prior-service costs
 

$2,237

 

$3,377

 
(a)
Amortization of loss
 
(3,126
)
 
(1,511
)
 
(a)
Total amortization
 
(889
)
 
1,866

 
 
 
 
357

 
(703
)
 
Income tax expense (benefit)
Total amortization (net of tax)
 
(532
)
 
1,163

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($532
)
 

$1,163

 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013 are as follows:


Amounts reclassified
from AOCI



 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location

 
(In Thousands)
 
 







Pension and other postretirement liabilities
 



 

Amortization of prior-service costs
 

$941

 

$508

 
(a)
Acceleration of prior-service cost due to curtailment
 
91

 
41

 
(a)
Amortization of loss
 
(7,644
)
 
(5,050
)
 
(a)
Total amortization

(6,612
)

(4,501
)




2,818

 
1,873


Income taxes
Total amortization (net of tax)

(3,794
)

(2,628
)









Total reclassifications for the period (net of tax)
 

($3,794
)
 

($2,628
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
Entergy Arkansas [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2014, 2013, and 2012 is as follows:
 
2014
 
2013
 
2012
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

 
254,752,788

 
78,396,988

Repurchases

 
2,154,490

 

 

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(3,019,475
)
 

 
(557,734
)
 

 
(1,446,305
)
Directors’ Plan

 
(4,872
)
 

 
(5,569
)
 

 
(5,444
)
Ending Balance, December 31
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2014, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.32 in 2014, 2013, and 2012.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2014, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments from subsidiaries totaling $893 million in 2014, $702 million in 2013, and $439 million in 2012.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from accumulated other comprehensive income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2013 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2012

$79,905



($590,712
)


$214,547



$3,177

 

($293,083
)
Other comprehensive income (loss) before reclassifications
(133,312
)
 
260,567

 
143,936

 
243

 
271,434

Amounts reclassified from
accumulated other comprehensive
income (loss)
(28,370
)
 
41,922

 
(21,227
)
 

 
(7,675
)
Net other comprehensive income (loss) for the period
(161,682
)
 
302,489

 
122,709

 
243

 
263,759

Ending balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014:
 
 
Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
 
(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2013
 

($28,202
)
 

($9,635
)
Other comprehensive income (loss) before reclassifications
 
(25,677
)
 
(15,078
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
532

 
(1,163
)
Net other comprehensive income (loss) for the period
 
(25,145
)
 
(16,241
)
Ending balance, December 31, 2014
 

($53,347
)
 

($25,876
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013:


Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana


(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2012
 

($65,229
)
 

($46,132
)
Other comprehensive income (loss) before reclassifications
 
33,233

 
33,869

Amounts reclassified from accumulated other
comprehensive income (loss)
 
3,794

 
2,628

Net other comprehensive income (loss) for the period
 
37,027

 
36,497

Ending balance, December 31, 2013
 

($28,202
)
 

($9,635
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($193,297
)
 
Competitive business operating revenues
Interest rate swaps
 
(2,799
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(196,096
)
 
 
 
 
68,634

 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)
 

($127,462
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss
 
(35,836
)
 
(a)
Settlement loss
 
(3,643
)
 
(a)
Total amortization
 
(19,185
)
 
 
 
 
22,390

 
Income taxes
Total amortization (net of tax)
 

$3,205

 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$20,511

 
Interest and investment income
 
 
(10,050
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$10,461

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($113,796
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2013 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


$47,019


Competitive business operating revenues
Interest rate swaps

(1,565
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

45,454





(17,084
)

Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)


$28,370








Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$10,556

 
(a)
Acceleration of prior-service cost due to curtailment
 
315

 
(a)
Amortization of loss

(68,130
)

(a)
Settlement loss

(11,612
)

(a)
Total amortization

(68,871
)




26,949


Income taxes
Total amortization (net of tax)


($41,922
)







Net unrealized investment gain (loss)




Realized gain (loss)


$41,622


Interest and investment income


(20,395
)

Income taxes
Total realized investment gain (loss) (net of tax)


$21,227








Total reclassifications for the period (net of tax)
 

$7,675

 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014 are as follows:
 
 
Amounts reclassified
from AOCI
 
 
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
Amortization of prior-service costs
 

$2,237

 

$3,377

 
(a)
Amortization of loss
 
(3,126
)
 
(1,511
)
 
(a)
Total amortization
 
(889
)
 
1,866

 
 
 
 
357

 
(703
)
 
Income tax expense (benefit)
Total amortization (net of tax)
 
(532
)
 
1,163

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($532
)
 

$1,163

 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013 are as follows:


Amounts reclassified
from AOCI



 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location

 
(In Thousands)
 
 







Pension and other postretirement liabilities
 



 

Amortization of prior-service costs
 

$941

 

$508

 
(a)
Acceleration of prior-service cost due to curtailment
 
91

 
41

 
(a)
Amortization of loss
 
(7,644
)
 
(5,050
)
 
(a)
Total amortization

(6,612
)

(4,501
)




2,818

 
1,873


Income taxes
Total amortization (net of tax)

(3,794
)

(2,628
)









Total reclassifications for the period (net of tax)
 

($3,794
)
 

($2,628
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
Entergy Gulf States Louisiana [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2014, 2013, and 2012 is as follows:
 
2014
 
2013
 
2012
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

 
254,752,788

 
78,396,988

Repurchases

 
2,154,490

 

 

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(3,019,475
)
 

 
(557,734
)
 

 
(1,446,305
)
Directors’ Plan

 
(4,872
)
 

 
(5,569
)
 

 
(5,444
)
Ending Balance, December 31
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2014, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.32 in 2014, 2013, and 2012.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2014, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments from subsidiaries totaling $893 million in 2014, $702 million in 2013, and $439 million in 2012.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from accumulated other comprehensive income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2013 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2012

$79,905



($590,712
)


$214,547



$3,177

 

($293,083
)
Other comprehensive income (loss) before reclassifications
(133,312
)
 
260,567

 
143,936

 
243

 
271,434

Amounts reclassified from
accumulated other comprehensive
income (loss)
(28,370
)
 
41,922

 
(21,227
)
 

 
(7,675
)
Net other comprehensive income (loss) for the period
(161,682
)
 
302,489

 
122,709

 
243

 
263,759

Ending balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014:
 
 
Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
 
(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2013
 

($28,202
)
 

($9,635
)
Other comprehensive income (loss) before reclassifications
 
(25,677
)
 
(15,078
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
532

 
(1,163
)
Net other comprehensive income (loss) for the period
 
(25,145
)
 
(16,241
)
Ending balance, December 31, 2014
 

($53,347
)
 

($25,876
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013:


Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana


(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2012
 

($65,229
)
 

($46,132
)
Other comprehensive income (loss) before reclassifications
 
33,233

 
33,869

Amounts reclassified from accumulated other
comprehensive income (loss)
 
3,794

 
2,628

Net other comprehensive income (loss) for the period
 
37,027

 
36,497

Ending balance, December 31, 2013
 

($28,202
)
 

($9,635
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($193,297
)
 
Competitive business operating revenues
Interest rate swaps
 
(2,799
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(196,096
)
 
 
 
 
68,634

 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)
 

($127,462
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss
 
(35,836
)
 
(a)
Settlement loss
 
(3,643
)
 
(a)
Total amortization
 
(19,185
)
 
 
 
 
22,390

 
Income taxes
Total amortization (net of tax)
 

$3,205

 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$20,511

 
Interest and investment income
 
 
(10,050
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$10,461

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($113,796
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2013 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


$47,019


Competitive business operating revenues
Interest rate swaps

(1,565
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

45,454





(17,084
)

Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)


$28,370








Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$10,556

 
(a)
Acceleration of prior-service cost due to curtailment
 
315

 
(a)
Amortization of loss

(68,130
)

(a)
Settlement loss

(11,612
)

(a)
Total amortization

(68,871
)




26,949


Income taxes
Total amortization (net of tax)


($41,922
)







Net unrealized investment gain (loss)




Realized gain (loss)


$41,622


Interest and investment income


(20,395
)

Income taxes
Total realized investment gain (loss) (net of tax)


$21,227








Total reclassifications for the period (net of tax)
 

$7,675

 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014 are as follows:
 
 
Amounts reclassified
from AOCI
 
 
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
Amortization of prior-service costs
 

$2,237

 

$3,377

 
(a)
Amortization of loss
 
(3,126
)
 
(1,511
)
 
(a)
Total amortization
 
(889
)
 
1,866

 
 
 
 
357

 
(703
)
 
Income tax expense (benefit)
Total amortization (net of tax)
 
(532
)
 
1,163

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($532
)
 

$1,163

 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013 are as follows:


Amounts reclassified
from AOCI



 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location

 
(In Thousands)
 
 







Pension and other postretirement liabilities
 



 

Amortization of prior-service costs
 

$941

 

$508

 
(a)
Acceleration of prior-service cost due to curtailment
 
91

 
41

 
(a)
Amortization of loss
 
(7,644
)
 
(5,050
)
 
(a)
Total amortization

(6,612
)

(4,501
)




2,818

 
1,873


Income taxes
Total amortization (net of tax)

(3,794
)

(2,628
)









Total reclassifications for the period (net of tax)
 

($3,794
)
 

($2,628
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
Entergy Louisiana [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2014, 2013, and 2012 is as follows:
 
2014
 
2013
 
2012
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

 
254,752,788

 
78,396,988

Repurchases

 
2,154,490

 

 

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(3,019,475
)
 

 
(557,734
)
 

 
(1,446,305
)
Directors’ Plan

 
(4,872
)
 

 
(5,569
)
 

 
(5,444
)
Ending Balance, December 31
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2014, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.32 in 2014, 2013, and 2012.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2014, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments from subsidiaries totaling $893 million in 2014, $702 million in 2013, and $439 million in 2012.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from accumulated other comprehensive income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2013 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2012

$79,905



($590,712
)


$214,547



$3,177

 

($293,083
)
Other comprehensive income (loss) before reclassifications
(133,312
)
 
260,567

 
143,936

 
243

 
271,434

Amounts reclassified from
accumulated other comprehensive
income (loss)
(28,370
)
 
41,922

 
(21,227
)
 

 
(7,675
)
Net other comprehensive income (loss) for the period
(161,682
)
 
302,489

 
122,709

 
243

 
263,759

Ending balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014:
 
 
Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
 
(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2013
 

($28,202
)
 

($9,635
)
Other comprehensive income (loss) before reclassifications
 
(25,677
)
 
(15,078
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
532

 
(1,163
)
Net other comprehensive income (loss) for the period
 
(25,145
)
 
(16,241
)
Ending balance, December 31, 2014
 

($53,347
)
 

($25,876
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013:


Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana


(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2012
 

($65,229
)
 

($46,132
)
Other comprehensive income (loss) before reclassifications
 
33,233

 
33,869

Amounts reclassified from accumulated other
comprehensive income (loss)
 
3,794

 
2,628

Net other comprehensive income (loss) for the period
 
37,027

 
36,497

Ending balance, December 31, 2013
 

($28,202
)
 

($9,635
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($193,297
)
 
Competitive business operating revenues
Interest rate swaps
 
(2,799
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(196,096
)
 
 
 
 
68,634

 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)
 

($127,462
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss
 
(35,836
)
 
(a)
Settlement loss
 
(3,643
)
 
(a)
Total amortization
 
(19,185
)
 
 
 
 
22,390

 
Income taxes
Total amortization (net of tax)
 

$3,205

 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$20,511

 
Interest and investment income
 
 
(10,050
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$10,461

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($113,796
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2013 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


$47,019


Competitive business operating revenues
Interest rate swaps

(1,565
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

45,454





(17,084
)

Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)


$28,370








Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$10,556

 
(a)
Acceleration of prior-service cost due to curtailment
 
315

 
(a)
Amortization of loss

(68,130
)

(a)
Settlement loss

(11,612
)

(a)
Total amortization

(68,871
)




26,949


Income taxes
Total amortization (net of tax)


($41,922
)







Net unrealized investment gain (loss)




Realized gain (loss)


$41,622


Interest and investment income


(20,395
)

Income taxes
Total realized investment gain (loss) (net of tax)


$21,227








Total reclassifications for the period (net of tax)
 

$7,675

 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014 are as follows:
 
 
Amounts reclassified
from AOCI
 
 
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
Amortization of prior-service costs
 

$2,237

 

$3,377

 
(a)
Amortization of loss
 
(3,126
)
 
(1,511
)
 
(a)
Total amortization
 
(889
)
 
1,866

 
 
 
 
357

 
(703
)
 
Income tax expense (benefit)
Total amortization (net of tax)
 
(532
)
 
1,163

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($532
)
 

$1,163

 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013 are as follows:


Amounts reclassified
from AOCI



 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location

 
(In Thousands)
 
 







Pension and other postretirement liabilities
 



 

Amortization of prior-service costs
 

$941

 

$508

 
(a)
Acceleration of prior-service cost due to curtailment
 
91

 
41

 
(a)
Amortization of loss
 
(7,644
)
 
(5,050
)
 
(a)
Total amortization

(6,612
)

(4,501
)




2,818

 
1,873


Income taxes
Total amortization (net of tax)

(3,794
)

(2,628
)









Total reclassifications for the period (net of tax)
 

($3,794
)
 

($2,628
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
Entergy Mississippi [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2014, 2013, and 2012 is as follows:
 
2014
 
2013
 
2012
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

 
254,752,788

 
78,396,988

Repurchases

 
2,154,490

 

 

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(3,019,475
)
 

 
(557,734
)
 

 
(1,446,305
)
Directors’ Plan

 
(4,872
)
 

 
(5,569
)
 

 
(5,444
)
Ending Balance, December 31
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2014, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.32 in 2014, 2013, and 2012.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2014, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments from subsidiaries totaling $893 million in 2014, $702 million in 2013, and $439 million in 2012.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from accumulated other comprehensive income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2013 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2012

$79,905



($590,712
)


$214,547



$3,177

 

($293,083
)
Other comprehensive income (loss) before reclassifications
(133,312
)
 
260,567

 
143,936

 
243

 
271,434

Amounts reclassified from
accumulated other comprehensive
income (loss)
(28,370
)
 
41,922

 
(21,227
)
 

 
(7,675
)
Net other comprehensive income (loss) for the period
(161,682
)
 
302,489

 
122,709

 
243

 
263,759

Ending balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014:
 
 
Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
 
(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2013
 

($28,202
)
 

($9,635
)
Other comprehensive income (loss) before reclassifications
 
(25,677
)
 
(15,078
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
532

 
(1,163
)
Net other comprehensive income (loss) for the period
 
(25,145
)
 
(16,241
)
Ending balance, December 31, 2014
 

($53,347
)
 

($25,876
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013:


Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana


(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2012
 

($65,229
)
 

($46,132
)
Other comprehensive income (loss) before reclassifications
 
33,233

 
33,869

Amounts reclassified from accumulated other
comprehensive income (loss)
 
3,794

 
2,628

Net other comprehensive income (loss) for the period
 
37,027

 
36,497

Ending balance, December 31, 2013
 

($28,202
)
 

($9,635
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($193,297
)
 
Competitive business operating revenues
Interest rate swaps
 
(2,799
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(196,096
)
 
 
 
 
68,634

 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)
 

($127,462
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss
 
(35,836
)
 
(a)
Settlement loss
 
(3,643
)
 
(a)
Total amortization
 
(19,185
)
 
 
 
 
22,390

 
Income taxes
Total amortization (net of tax)
 

$3,205

 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$20,511

 
Interest and investment income
 
 
(10,050
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$10,461

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($113,796
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2013 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


$47,019


Competitive business operating revenues
Interest rate swaps

(1,565
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

45,454





(17,084
)

Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)


$28,370








Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$10,556

 
(a)
Acceleration of prior-service cost due to curtailment
 
315

 
(a)
Amortization of loss

(68,130
)

(a)
Settlement loss

(11,612
)

(a)
Total amortization

(68,871
)




26,949


Income taxes
Total amortization (net of tax)


($41,922
)







Net unrealized investment gain (loss)




Realized gain (loss)


$41,622


Interest and investment income


(20,395
)

Income taxes
Total realized investment gain (loss) (net of tax)


$21,227








Total reclassifications for the period (net of tax)
 

$7,675

 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014 are as follows:
 
 
Amounts reclassified
from AOCI
 
 
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
Amortization of prior-service costs
 

$2,237

 

$3,377

 
(a)
Amortization of loss
 
(3,126
)
 
(1,511
)
 
(a)
Total amortization
 
(889
)
 
1,866

 
 
 
 
357

 
(703
)
 
Income tax expense (benefit)
Total amortization (net of tax)
 
(532
)
 
1,163

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($532
)
 

$1,163

 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013 are as follows:


Amounts reclassified
from AOCI



 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location

 
(In Thousands)
 
 







Pension and other postretirement liabilities
 



 

Amortization of prior-service costs
 

$941

 

$508

 
(a)
Acceleration of prior-service cost due to curtailment
 
91

 
41

 
(a)
Amortization of loss
 
(7,644
)
 
(5,050
)
 
(a)
Total amortization

(6,612
)

(4,501
)




2,818

 
1,873


Income taxes
Total amortization (net of tax)

(3,794
)

(2,628
)









Total reclassifications for the period (net of tax)
 

($3,794
)
 

($2,628
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
Entergy New Orleans [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2014, 2013, and 2012 is as follows:
 
2014
 
2013
 
2012
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

 
254,752,788

 
78,396,988

Repurchases

 
2,154,490

 

 

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(3,019,475
)
 

 
(557,734
)
 

 
(1,446,305
)
Directors’ Plan

 
(4,872
)
 

 
(5,569
)
 

 
(5,444
)
Ending Balance, December 31
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2014, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.32 in 2014, 2013, and 2012.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2014, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments from subsidiaries totaling $893 million in 2014, $702 million in 2013, and $439 million in 2012.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from accumulated other comprehensive income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2013 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2012

$79,905



($590,712
)


$214,547



$3,177

 

($293,083
)
Other comprehensive income (loss) before reclassifications
(133,312
)
 
260,567

 
143,936

 
243

 
271,434

Amounts reclassified from
accumulated other comprehensive
income (loss)
(28,370
)
 
41,922

 
(21,227
)
 

 
(7,675
)
Net other comprehensive income (loss) for the period
(161,682
)
 
302,489

 
122,709

 
243

 
263,759

Ending balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014:
 
 
Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
 
(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2013
 

($28,202
)
 

($9,635
)
Other comprehensive income (loss) before reclassifications
 
(25,677
)
 
(15,078
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
532

 
(1,163
)
Net other comprehensive income (loss) for the period
 
(25,145
)
 
(16,241
)
Ending balance, December 31, 2014
 

($53,347
)
 

($25,876
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013:


Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana


(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2012
 

($65,229
)
 

($46,132
)
Other comprehensive income (loss) before reclassifications
 
33,233

 
33,869

Amounts reclassified from accumulated other
comprehensive income (loss)
 
3,794

 
2,628

Net other comprehensive income (loss) for the period
 
37,027

 
36,497

Ending balance, December 31, 2013
 

($28,202
)
 

($9,635
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($193,297
)
 
Competitive business operating revenues
Interest rate swaps
 
(2,799
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(196,096
)
 
 
 
 
68,634

 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)
 

($127,462
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss
 
(35,836
)
 
(a)
Settlement loss
 
(3,643
)
 
(a)
Total amortization
 
(19,185
)
 
 
 
 
22,390

 
Income taxes
Total amortization (net of tax)
 

$3,205

 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$20,511

 
Interest and investment income
 
 
(10,050
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$10,461

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($113,796
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2013 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


$47,019


Competitive business operating revenues
Interest rate swaps

(1,565
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

45,454





(17,084
)

Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)


$28,370








Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$10,556

 
(a)
Acceleration of prior-service cost due to curtailment
 
315

 
(a)
Amortization of loss

(68,130
)

(a)
Settlement loss

(11,612
)

(a)
Total amortization

(68,871
)




26,949


Income taxes
Total amortization (net of tax)


($41,922
)







Net unrealized investment gain (loss)




Realized gain (loss)


$41,622


Interest and investment income


(20,395
)

Income taxes
Total realized investment gain (loss) (net of tax)


$21,227








Total reclassifications for the period (net of tax)
 

$7,675

 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014 are as follows:
 
 
Amounts reclassified
from AOCI
 
 
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
Amortization of prior-service costs
 

$2,237

 

$3,377

 
(a)
Amortization of loss
 
(3,126
)
 
(1,511
)
 
(a)
Total amortization
 
(889
)
 
1,866

 
 
 
 
357

 
(703
)
 
Income tax expense (benefit)
Total amortization (net of tax)
 
(532
)
 
1,163

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($532
)
 

$1,163

 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013 are as follows:


Amounts reclassified
from AOCI



 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location

 
(In Thousands)
 
 







Pension and other postretirement liabilities
 



 

Amortization of prior-service costs
 

$941

 

$508

 
(a)
Acceleration of prior-service cost due to curtailment
 
91

 
41

 
(a)
Amortization of loss
 
(7,644
)
 
(5,050
)
 
(a)
Total amortization

(6,612
)

(4,501
)




2,818

 
1,873


Income taxes
Total amortization (net of tax)

(3,794
)

(2,628
)









Total reclassifications for the period (net of tax)
 

($3,794
)
 

($2,628
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
Entergy Texas [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2014, 2013, and 2012 is as follows:
 
2014
 
2013
 
2012
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

 
254,752,788

 
78,396,988

Repurchases

 
2,154,490

 

 

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(3,019,475
)
 

 
(557,734
)
 

 
(1,446,305
)
Directors’ Plan

 
(4,872
)
 

 
(5,569
)
 

 
(5,444
)
Ending Balance, December 31
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2014, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.32 in 2014, 2013, and 2012.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2014, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments from subsidiaries totaling $893 million in 2014, $702 million in 2013, and $439 million in 2012.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from accumulated other comprehensive income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2013 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2012

$79,905



($590,712
)


$214,547



$3,177

 

($293,083
)
Other comprehensive income (loss) before reclassifications
(133,312
)
 
260,567

 
143,936

 
243

 
271,434

Amounts reclassified from
accumulated other comprehensive
income (loss)
(28,370
)
 
41,922

 
(21,227
)
 

 
(7,675
)
Net other comprehensive income (loss) for the period
(161,682
)
 
302,489

 
122,709

 
243

 
263,759

Ending balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014:
 
 
Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
 
(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2013
 

($28,202
)
 

($9,635
)
Other comprehensive income (loss) before reclassifications
 
(25,677
)
 
(15,078
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
532

 
(1,163
)
Net other comprehensive income (loss) for the period
 
(25,145
)
 
(16,241
)
Ending balance, December 31, 2014
 

($53,347
)
 

($25,876
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013:


Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana


(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2012
 

($65,229
)
 

($46,132
)
Other comprehensive income (loss) before reclassifications
 
33,233

 
33,869

Amounts reclassified from accumulated other
comprehensive income (loss)
 
3,794

 
2,628

Net other comprehensive income (loss) for the period
 
37,027

 
36,497

Ending balance, December 31, 2013
 

($28,202
)
 

($9,635
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($193,297
)
 
Competitive business operating revenues
Interest rate swaps
 
(2,799
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(196,096
)
 
 
 
 
68,634

 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)
 

($127,462
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss
 
(35,836
)
 
(a)
Settlement loss
 
(3,643
)
 
(a)
Total amortization
 
(19,185
)
 
 
 
 
22,390

 
Income taxes
Total amortization (net of tax)
 

$3,205

 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$20,511

 
Interest and investment income
 
 
(10,050
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$10,461

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($113,796
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2013 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


$47,019


Competitive business operating revenues
Interest rate swaps

(1,565
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

45,454





(17,084
)

Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)


$28,370








Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$10,556

 
(a)
Acceleration of prior-service cost due to curtailment
 
315

 
(a)
Amortization of loss

(68,130
)

(a)
Settlement loss

(11,612
)

(a)
Total amortization

(68,871
)




26,949


Income taxes
Total amortization (net of tax)


($41,922
)







Net unrealized investment gain (loss)




Realized gain (loss)


$41,622


Interest and investment income


(20,395
)

Income taxes
Total realized investment gain (loss) (net of tax)


$21,227








Total reclassifications for the period (net of tax)
 

$7,675

 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014 are as follows:
 
 
Amounts reclassified
from AOCI
 
 
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
Amortization of prior-service costs
 

$2,237

 

$3,377

 
(a)
Amortization of loss
 
(3,126
)
 
(1,511
)
 
(a)
Total amortization
 
(889
)
 
1,866

 
 
 
 
357

 
(703
)
 
Income tax expense (benefit)
Total amortization (net of tax)
 
(532
)
 
1,163

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($532
)
 

$1,163

 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013 are as follows:


Amounts reclassified
from AOCI



 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location

 
(In Thousands)
 
 







Pension and other postretirement liabilities
 



 

Amortization of prior-service costs
 

$941

 

$508

 
(a)
Acceleration of prior-service cost due to curtailment
 
91

 
41

 
(a)
Amortization of loss
 
(7,644
)
 
(5,050
)
 
(a)
Total amortization

(6,612
)

(4,501
)




2,818

 
1,873


Income taxes
Total amortization (net of tax)

(3,794
)

(2,628
)









Total reclassifications for the period (net of tax)
 

($3,794
)
 

($2,628
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
System Energy [Member]  
Common Equity
COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2014, 2013, and 2012 is as follows:
 
2014
 
2013
 
2012
 
Common
Shares
Issued
 

Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
 
Common
Shares
Issued
 
 
Treasury
Shares
Beginning Balance, January 1
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239

 
254,752,788

 
78,396,988

Repurchases

 
2,154,490

 

 

 

 

Issuances:
 

 
 

 
 

 
 

 
 

 
 

Employee Stock-Based Compensation Plans

 
(3,019,475
)
 

 
(557,734
)
 

 
(1,446,305
)
Directors’ Plan

 
(4,872
)
 

 
(5,569
)
 

 
(5,444
)
Ending Balance, December 31
254,752,788

 
75,512,079

 
254,752,788

 
76,381,936

 
254,752,788

 
76,945,239



Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), two Equity Ownership Plans of Entergy Corporation and Subsidiaries, the Equity Awards Plan of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2014, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.32 in 2014, 2013, and 2012.

Retained Earnings and Dividend Restrictions

Provisions within the articles of incorporation or pertinent indentures and various other agreements relating to the long-term debt and preferred stock of certain of Entergy Corporation’s subsidiaries could restrict the payment of cash dividends or other distributions on their common and preferred equity.  As of December 31, 2014, under provisions in their mortgage indentures, Entergy Arkansas and Entergy Mississippi had retained earnings unavailable for distribution to Entergy Corporation of $394.9 million and $68.5 million, respectively.  Entergy Corporation received dividend payments from subsidiaries totaling $893 million in 2014, $702 million in 2013, and $439 million in 2012.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2014 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)
Other comprehensive income (loss) before reclassifications
52,433

 
(278,361
)
 
99,900

 
(751
)
 
(126,779
)
Amounts reclassified from accumulated other comprehensive income (loss)
127,462

 
(3,205
)
 
(10,461
)
 

 
113,796

Net other comprehensive income (loss) for the period
179,895

 
(281,566
)
 
89,439

 
(751
)
 
(12,983
)
Ending balance, December 31, 2014

$98,118

 

($569,789
)
 

$426,695

 

$2,669

 

($42,307
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2013 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 

Net
unrealized
investment
gains (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31, 2012

$79,905



($590,712
)


$214,547



$3,177

 

($293,083
)
Other comprehensive income (loss) before reclassifications
(133,312
)
 
260,567

 
143,936

 
243

 
271,434

Amounts reclassified from
accumulated other comprehensive
income (loss)
(28,370
)
 
41,922

 
(21,227
)
 

 
(7,675
)
Net other comprehensive income (loss) for the period
(161,682
)
 
302,489

 
122,709

 
243

 
263,759

Ending balance, December 31, 2013

($81,777
)
 

($288,223
)
 

$337,256

 

$3,420

 

($29,324
)


The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014:
 
 
Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
 
(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2013
 

($28,202
)
 

($9,635
)
Other comprehensive income (loss) before reclassifications
 
(25,677
)
 
(15,078
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
532

 
(1,163
)
Net other comprehensive income (loss) for the period
 
(25,145
)
 
(16,241
)
Ending balance, December 31, 2014
 

($53,347
)
 

($25,876
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013:


Pension and Other
Postretirement Liabilities
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana


(In Thousands)
 
 
 
 
 
Beginning balance, December 31, 2012
 

($65,229
)
 

($46,132
)
Other comprehensive income (loss) before reclassifications
 
33,233

 
33,869

Amounts reclassified from accumulated other
comprehensive income (loss)
 
3,794

 
2,628

Net other comprehensive income (loss) for the period
 
37,027

 
36,497

Ending balance, December 31, 2013
 

($28,202
)
 

($9,635
)


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2014 are as follows:
 
 
Amounts
reclassified
from
AOCI
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
Power contracts
 

($193,297
)
 
Competitive business operating revenues
Interest rate swaps
 
(2,799
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
 
(196,096
)
 
 
 
 
68,634

 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)
 

($127,462
)
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 

 
 
Amortization of prior-service costs
 

$20,294

 
(a)
Amortization of loss
 
(35,836
)
 
(a)
Settlement loss
 
(3,643
)
 
(a)
Total amortization
 
(19,185
)
 
 
 
 
22,390

 
Income taxes
Total amortization (net of tax)
 

$3,205

 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
Realized gain (loss)
 

$20,511

 
Interest and investment income
 
 
(10,050
)
 
Income taxes
Total realized investment gain (loss) (net of tax)
 

$10,461

 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($113,796
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the year ended December 31, 2013 are as follows:

 
Amounts
reclassified
from
AOCI
 
Income Statement Location

 
(In Thousands)
 
 





Cash flow hedges net unrealized gain (loss)
 

 

Power contracts


$47,019


Competitive business operating revenues
Interest rate swaps

(1,565
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges

45,454





(17,084
)

Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)


$28,370








Pension and other postretirement liabilities
 
 

 

Amortization of prior-service costs
 

$10,556

 
(a)
Acceleration of prior-service cost due to curtailment
 
315

 
(a)
Amortization of loss

(68,130
)

(a)
Settlement loss

(11,612
)

(a)
Total amortization

(68,871
)




26,949


Income taxes
Total amortization (net of tax)


($41,922
)







Net unrealized investment gain (loss)




Realized gain (loss)


$41,622


Interest and investment income


(20,395
)

Income taxes
Total realized investment gain (loss) (net of tax)


$21,227








Total reclassifications for the period (net of tax)
 

$7,675

 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.


Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2014 are as follows:
 
 
Amounts reclassified
from AOCI
 
 
 
 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
Amortization of prior-service costs
 

$2,237

 

$3,377

 
(a)
Amortization of loss
 
(3,126
)
 
(1,511
)
 
(a)
Total amortization
 
(889
)
 
1,866

 
 
 
 
357

 
(703
)
 
Income tax expense (benefit)
Total amortization (net of tax)
 
(532
)
 
1,163

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

($532
)
 

$1,163

 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Gulf States Louisiana and Entergy Louisiana for the year ended December 31, 2013 are as follows:


Amounts reclassified
from AOCI



 
Entergy
Gulf States
Louisiana
 

Entergy
Louisiana
 
Income Statement Location

 
(In Thousands)
 
 







Pension and other postretirement liabilities
 



 

Amortization of prior-service costs
 

$941

 

$508

 
(a)
Acceleration of prior-service cost due to curtailment
 
91

 
41

 
(a)
Amortization of loss
 
(7,644
)
 
(5,050
)
 
(a)
Total amortization

(6,612
)

(4,501
)




2,818

 
1,873


Income taxes
Total amortization (net of tax)

(3,794
)

(2,628
)









Total reclassifications for the period (net of tax)
 

($3,794
)
 

($2,628
)
 


(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. See Note 11 to the financial statements for additional details.