XML 70 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Segment Information (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Financial Information
Entergy’s segment financial information for the third quarters of 2018 and 2017 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,724,279

 

$380,080

 

$—

 

($40
)
 

$3,104,319

Income taxes
 

($137,035
)
 

($135,659
)
 

($10,312
)
 

$—

 

($283,006
)
Consolidated net income (loss)
 

$507,745

 

$105,571

 

($41,601
)
 

($31,897
)
 

$539,818

2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,820,421

 

$423,245

 

$—

 

($38
)
 

$3,243,628

Income taxes
 

$230,647

 

$25,563

 

($14,415
)
 

$—

 

$241,795

Consolidated net income (loss)
 

$403,733

 

$55,765

 

($25,956
)
 

($31,898
)
 

$401,644


Entergy’s segment financial information for the nine months ended September 30, 2018 and 2017 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,389,477

 

$1,107,606

 

$—

 

($113
)
 

$8,496,970

Income taxes
 

($325,134
)
 

($166,882
)
 

($27,921
)
 

$—

 

($519,937
)
Consolidated net income (loss)
 

$1,104,078

 

$31,456

 

($114,962
)
 

($95,695
)
 

$924,877

Total assets as of September 30, 2018
 

$44,889,498

 

$5,507,013

 

$1,274,909

 

($3,200,248
)
 

$48,471,172

2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,156,865

 

$1,293,867

 

$—

 

($96
)
 

$8,450,636

Income taxes
 

$459,990

 

($507,719
)
 

($39,826
)
 

$—

 

($87,555
)
Consolidated net income (loss)
 

$817,738

 

$252,455

 

($73,434
)
 

($95,695
)
 

$901,064

Total assets as of December 31, 2017
 

$42,978,669

 

$5,638,009

 
$1,011,612
 

($2,921,141
)
 

$46,707,149


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
Restructuring and Related Costs [Table Text Block]
Total restructuring charges for the third quarters of 2018 and 2017 were comprised of the following:
 
2018
 
2017
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of July 1,

$143

 

$14

 

$157

 

$36

 

$21

 

$57

Restructuring costs accrued
43

 
—

 
43

 
23

 
—

 
23

Non-cash portion
—

 
—

 
—

 
—

 
(7
)
 
(7
)
Balance as of September 30,

$186

 

$14

 

$200

 

$59

 

$14

 

$73


In addition, Entergy incurred $155 million in the third quarter 2018 and $16 million in the third quarter 2017 of impairment charges related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.

    
Total restructuring charges for the nine months ended September 30, 2018 and 2017 were comprised of the following:
 
2018
 
2017
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1,

$83

 

$14

 

$97

 

$70

 

$21

 

$91

Restructuring costs accrued
103

 
—

 
103

 
89

 
—

 
89

Non-cash portion
—

 
—

 
—

 
—

 
(7
)
 
(7
)
Cash paid out
—

 
—

 
—

 
100

 
—

 
100

Balance as of September 30,

$186

 

$14

 

$200

 

$59

 

$14

 

$73