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Equity (Tables)
 6 Months Ended
Jun. 30, 2018
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 June 30,
 
2018
 
2017
 
(In Millions, Except Per Share Data)
Basic earnings per share
Income
 
Shares
 
$/share
 
Income
 
Shares
 
$/share
Net income attributable to Entergy Corporation

$245.4

 
180.8

 

$1.36

 

$409.9

 
179.5

 

$2.28

Average dilutive effect of:
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
0.3

 
—

 
 
 
0.2

 
—

Other equity plans
 
 
0.7

 
(0.01
)
 
 
 
0.5

 
(0.01
)
Equity forwards
 
 
1.2

 
(0.01
)
 
 
 
—

 
—

Diluted earnings per share

$245.4

 
183.0

 

$1.34

 

$409.9

 
180.2

 

$2.27


The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.1 million for the three months ended June 30, 2018 and approximately 2.5 million for the three months ended June 30, 2017.

 
For the Six Months Ended June 30,
 
2018
 
2017
 
(In Millions, Except Per Share Data)
Basic earnings per share
Income
 
Shares
 
$/share
 
Income
 
Shares
 
$/share
Net income attributable to Entergy Corporation

$378.2

 
180.8

 

$2.09

 

$492.5

 
179.4

 

$2.75

Average dilutive effect of:
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
0.3

 
—

 
 
 
0.2

 
—

Other equity plans
 
 
0.5

 
—

 
 
 
0.4

 
(0.01
)
Equity forwards
 
 
0.6

 
(0.01
)
 
 
 
—

 
—

Diluted earnings per share

$378.2

 
182.2

 

$2.08

 

$492.5

 
180.0

 

$2.74
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 2018 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, April 1, 2018

$50,194

 

($605,491
)
 

($6,201
)
 

($561,498
)
Other comprehensive income (loss) before reclassifications
(62,981
)
 
—

 
(7,509
)
 
(70,490
)
Amounts reclassified from accumulated other comprehensive income (loss)
(2,087
)
 
15,565

 
4,868

 
18,346

Net other comprehensive income (loss) for the period
(65,068
)
 
15,565

 
(2,641
)
 
(52,144
)
Ending balance, June 30, 2018

($14,874
)
 

($589,926
)
 

($8,842
)
 

($613,642
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 2017 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 
Net
unrealized
investment
gain (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
Beginning balance, April 1, 2017

$3,465

 

($460,814
)
 

$467,561

 

$748

 

$10,960

Other comprehensive income (loss) before reclassifications
28,057

 
—

 
33,870

 
(748
)
 
61,179

Amounts reclassified from accumulated other comprehensive income (loss)
(8,108
)
 
10,916

 
(22,174
)
 
—

 
(19,366
)
Net other comprehensive income (loss) for the period
19,949

 
10,916

 
11,696

 
(748
)
 
41,813

Ending balance, June 30, 2017

$23,414

 

($449,898
)
 

$479,257

 

$—

 

$52,773


The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2018 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)
 
 
 
 
 
 
 
 
Ending balance, December 31, 2017

($37,477
)
 

($531,099
)
 

$545,045

 

($23,531
)
Implementation of accounting standards
—

 
—

 
(632,617
)
 
(632,617
)
Beginning balance, January 1, 2018

($37,477
)
 

($531,099
)
 

($87,572
)
 

($656,148
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
8,585

 
—

 
(43,785
)
 
(35,200
)
Amounts reclassified from accumulated other comprehensive income (loss)
21,774

 
32,139

 
8,288

 
62,201

Net other comprehensive income (loss) for the period
30,359

 
32,139

 
(35,497
)
 
27,001

 
 
 
 
 
 
 
 
Reclassification pursuant to ASU 2018-02
(7,756
)
 
(90,966
)
 
114,227

 
15,505

 
 
 
 
 
 
 
 
Ending balance, June 30, 2018

($14,874
)
 

($589,926
)
 

($8,842
)
 

($613,642
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2017 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 
Net
unrealized
investment
gain (loss)
 
Foreign
currency
translation
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
Beginning balance, January 1, 2017

$3,993

 

($469,446
)
 

$429,734

 

$748

 

($34,971
)
Other comprehensive income (loss) before reclassifications
60,665

 
—

 
73,742

 
(748
)
 
133,659

Amounts reclassified from accumulated other comprehensive income (loss)
(41,244
)
 
19,548

 
(24,219
)
 
—

 
(45,915
)
Net other comprehensive income (loss) for the period
19,421

 
19,548

 
49,523

 
(748
)
 
87,744

Ending balance, June 30, 2017

$23,414

 

($449,898
)
 

$479,257

 

$—

 

$52,773
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 June 30, 2018 and 2017 are as follows:

Amounts reclassified
from AOCI

Income Statement Location
 
2018
 
2017
 
 

(In Thousands)


Cash flow hedges net unrealized gain (loss)

 
 


   Power contracts

$2,735

 

$12,695


Competitive business operating revenues
   Interest rate swaps
(93
)
 
(219
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges
2,642

 
12,476




(555
)
 
(4,368
)

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

$2,087

 

$8,108






 
 


Pension and other postretirement liabilities


 
 


   Amortization of prior-service credit

$5,424

 

$6,564


(a)
   Amortization of loss
(24,808
)
 
(21,554
)

(a)
   Settlement loss
(406
)
 
(1,765
)

(a)
Total amortization
(19,790
)
 
(16,755
)



4,225

 
5,839


Income taxes
Total amortization (net of tax)

($15,565
)
 

($10,916
)




 
 


Net unrealized investment gain (loss)

 
 


Realized gain (loss)

($7,702
)
 

$43,479


Interest and investment income

2,834

 
(21,305
)

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

($4,868
)
 

$22,174






 
 


Total reclassifications for the period (net of tax)

($18,346
)
 

$19,366





(a)
These accumulated other comprehensive income (loss) components are 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 six months ended June 30, 2018 and 2017 are as follows:
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
2018
 
2017
 
 
 
(In Thousands)
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
 
   Power contracts

($27,347
)
 

$63,922

 
Competitive business operating revenues
   Interest rate swaps
(215
)
 
(469
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
(27,562
)
 
63,453

 
 
 
5,788

 
(22,209
)
 
Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)

($21,774
)
 

$41,244

 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
   Amortization of prior-service credit

$10,850

 

$13,126

 
(a)
   Amortization of loss
(49,760
)
 
(43,125
)
 
(a)
   Settlement loss
(2,022
)
 
(1,765
)
 
(a)
Total amortization
(40,932
)
 
(31,764
)
 
 
 
8,793

 
12,216

 
Income taxes
Total amortization (net of tax)

($32,139
)
 

($19,548
)
 
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
 
Realized gain (loss)

($13,114
)
 

$47,489

 
Interest and investment income
 
4,826

 
(23,270
)
 
Income taxes
Total realized investment gain (loss) (net of tax)

($8,288
)
 

$24,219

 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)

($62,201
)
 

$45,915

 
 

(a)
These accumulated other comprehensive income (loss) components are 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 June 30, 2018 and 2017:
 
 
Pension and Other
Postretirement Liabilities
 
 
2018
 
2017
 
 
(In Thousands)
Beginning balance, April 1,
 

($56,950
)
 

($48,812
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(501
)
 
(310
)
Net other comprehensive income (loss) for the period
 
(501
)
 
(310
)
 
 
 
 
 
Ending balance, June 30,
 

($57,451
)
 

($49,122
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the six months ended June 30, 2018 and 2017:
 
 
Pension and Other
Postretirement Liabilities
 
 
2018
 
2017
 
 
(In Thousands)
Beginning balance, January 1,
 

($46,400
)
 

($48,442
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(1,002
)
 
(680
)
Net other comprehensive income (loss) for the period
 
(1,002
)
 
(680
)
 
 
 
 
 
Reclassification pursuant to ASU 2018-02
 
(10,049
)
 
—

 
 
 
 
 
Ending balance, June 30,
 

($57,451
)
 

($49,122
)
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 June 30, 2018 and 2017 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
2018
 
2017
 
 
 
 
(In Thousands)
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
   Amortization of prior-service credit
 

$1,934

 

$1,934

 
(a)
   Amortization of loss
 
(1,256
)
 
(1,332
)
 
(a)
Total amortization
 
678

 
602

 
 
 
 
(177
)
 
(292
)
 
Income taxes
Total amortization (net of tax)
 
501

 
310

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

$501

 

$310

 
 

(a)
These accumulated other comprehensive income (loss) components are 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 six months ended June 30, 2018 and 2017 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
2018
 
2017
 
 
 
 
(In Thousands)
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
   Amortization of prior-service credit
 

$3,868

 

$3,868

 
(a)
   Amortization of loss
 
(2,513
)
 
(2,664
)
 
(a)
Total amortization
 
1,355

 
1,204

 
 
 
 
(353
)
 
(524
)
 
Income taxes
Total amortization (net of tax)
 
1,002

 
680

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

$1,002

 

$680

 
 


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