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Business Segment Information
 12 Months Ended
Dec. 31, 2012
Business Segment Information

NOTE 13. BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

 

            Entergy's reportable segments as of December 31, 2012 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  "All Other" includes the parent company, Entergy Corporation, and other business activity, including the earnings on the proceeds of sales of previously-owned businesses.

 

            In the fourth quarter 2012, Entergy moved two subsidiaries from All Other to the Entergy Wholesale Commodities segment to improve the alignment of certain intercompany items and income tax activity. The 2011 and 2010 information in the tables below has been restated to reflect the change.

 

            Entergy's segment financial information is as follows:

 



2012

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,005,091

 

$2,326,309

 

$4,048 

 

($33,369) 

 

$10,302,079 

Deprec., amort. & decomm.

 

$1,076,845

 

$248,143

 

$4,357 

 

$- 

 

$1,329,345 

Interest and investment income

 

$150,292

 

$105,062

 

$30,656 

 

($158,234) 

 

$127,776 

Interest expense

 

$476,485

 

$17,900

 

$126,913 

 

($52,014) 

 

$569,284 

Income taxes

 

$49,340

 

$61,329

 

($79,814) 

 

$- 

 

$30,855 

Consolidated net income (loss)

 

$960,322

 

$40,427

 

($26,167) 

 

($106,219) 

 

$868,363 

Total assets

 

$35,438,130

 

$9,623,345

 

($509,985) 

 

($1,348,988) 

 

$43,202,502 

Investment in affiliates - at equity

 

$199

 

$46,539

 

$- 

 

$- 

 

$46,738 

Cash paid for long-lived asset
additions

 


$3,182,695

 


$577,652

 


$619 

 


$- 

 


$3,760,966 

 

 



2011

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,841,828

 

$2,413,773

 

$4,157 

 

($30,685)

 

$11,229,073 

Deprec., amort. & decomm.

 

$1,027,597

 

$260,643

 

$4,557 

 

$- 

 

$1,292,797 

Interest and investment income

 

$158,737

 

$99,762

 

$16,368 

 

($145,873)

 

$128,994 

Interest expense

 

$455,739

 

$33,067

 

$60,113 

 

($35,292)

 

$513,627 

Income taxes

 

$27,311

 

$176,286

 

$82,666 

 

$- 

 

$286,263 

Consolidated net income (loss)

 

$1,123,866

 

$491,846

 

($137,760)

 

($110,580)

 

$1,367,372 

Total assets

 

$32,734,549

 

$9,796,529

 

$228,691 

 

($2,058,070)

 

$40,701,699 

Investment in affiliates - at equity

 

$199

 

$44,677

 

$- 

 

$- 

 

$44,876 

Cash paid for long-lived asset
additions

 


$2,351,913

 


$1,048,146

 


($402) 

 


$- 

 


$3,399,657 

 

 



2010

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,941,332

 

$2,566,156

 

$7,442 

 

($27,353)

 

$11,487,577 

Deprec., amort. & decomm.

 

$1,006,385

 

$270,663

 

$4,582 

 

$- 

 

$1,281,630 

Interest and investment income

 

$182,493

 

$140,729

 

$73,808 

 

($212,953)

 

$184,077 

Interest expense

 

$493,241

 

$102,728

 

$98,594 

 

($119,396)

 

$575,167 

Income taxes

 

$454,227

 

$247,775

 

($84,763)

 

$- 

 

$617,239 

Consolidated net income

 

$829,719

 

$450,104

 

$84,039 

 

($93,557)

 

$1,270,305 

Total assets

 

$31,080,240

 

$10,102,817

 

($714,968)

 

($1,782,813)

 

$38,685,276 

Investment in affiliates - at equity

 

$199

 

$40,498

 

$-

 

$- 

 

$40,697 

Cash paid for long-lived asset
additions

 


$1,766,609

 


$687,313

 


$75 

 


$- 

 


$2,453,997 

 

Businesses marked with * are sometimes referred to as the "competitive businesses." Eliminations are primarily intersegment activity. Almost all of Entergy's goodwill is related to the Utility segment.

 

On April 5, 2010, Entergy announced that, effective immediately, it planned to unwind the business infrastructure associated with its proposed plan to spin-off its non-utility nuclear business.  As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in the Entergy Wholesale Commodities segment. Other operating and maintenance expense in 2010 includes the write-off of $64 million of capital costs, primarily for software that will not be utilized. Interest charges in 2010 include the write-off of $39 million of debt financing costs, primarily incurred for the $1.2 billion credit facility related to the planned spin-off of Entergy's non-utility nuclear business that will not be used. Approximately $16 million of other costs were incurred in 2010 in connection with unwinding the planned non-utility nuclear spin-off transaction.

 

Geographic Areas

 

For the years ended December 31, 2012, 2011, and 2010 the amount of revenue Entergy derived from outside of the United States was insignificant. As of December 31, 2012 and 2011, Entergy had no long-lived assets located outside of the United States.

 

Registrant Subsidiaries

 

            Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries' operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Arkansas [Member]
  
Business Segment Information

NOTE 13. BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

 

            Entergy's reportable segments as of December 31, 2012 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  "All Other" includes the parent company, Entergy Corporation, and other business activity, including the earnings on the proceeds of sales of previously-owned businesses.

 

            In the fourth quarter 2012, Entergy moved two subsidiaries from All Other to the Entergy Wholesale Commodities segment to improve the alignment of certain intercompany items and income tax activity. The 2011 and 2010 information in the tables below has been restated to reflect the change.

 

            Entergy's segment financial information is as follows:

 



2012

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,005,091

 

$2,326,309

 

$4,048 

 

($33,369) 

 

$10,302,079 

Deprec., amort. & decomm.

 

$1,076,845

 

$248,143

 

$4,357 

 

$- 

 

$1,329,345 

Interest and investment income

 

$150,292

 

$105,062

 

$30,656 

 

($158,234) 

 

$127,776 

Interest expense

 

$476,485

 

$17,900

 

$126,913 

 

($52,014) 

 

$569,284 

Income taxes

 

$49,340

 

$61,329

 

($79,814) 

 

$- 

 

$30,855 

Consolidated net income (loss)

 

$960,322

 

$40,427

 

($26,167) 

 

($106,219) 

 

$868,363 

Total assets

 

$35,438,130

 

$9,623,345

 

($509,985) 

 

($1,348,988) 

 

$43,202,502 

Investment in affiliates - at equity

 

$199

 

$46,539

 

$- 

 

$- 

 

$46,738 

Cash paid for long-lived asset
additions

 


$3,182,695

 


$577,652

 


$619 

 


$- 

 


$3,760,966 

 

 



2011

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,841,828

 

$2,413,773

 

$4,157 

 

($30,685)

 

$11,229,073 

Deprec., amort. & decomm.

 

$1,027,597

 

$260,643

 

$4,557 

 

$- 

 

$1,292,797 

Interest and investment income

 

$158,737

 

$99,762

 

$16,368 

 

($145,873)

 

$128,994 

Interest expense

 

$455,739

 

$33,067

 

$60,113 

 

($35,292)

 

$513,627 

Income taxes

 

$27,311

 

$176,286

 

$82,666 

 

$- 

 

$286,263 

Consolidated net income (loss)

 

$1,123,866

 

$491,846

 

($137,760)

 

($110,580)

 

$1,367,372 

Total assets

 

$32,734,549

 

$9,796,529

 

$228,691 

 

($2,058,070)

 

$40,701,699 

Investment in affiliates - at equity

 

$199

 

$44,677

 

$- 

 

$- 

 

$44,876 

Cash paid for long-lived asset
additions

 


$2,351,913

 


$1,048,146

 


($402) 

 


$- 

 


$3,399,657 

 

 



2010

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,941,332

 

$2,566,156

 

$7,442 

 

($27,353)

 

$11,487,577 

Deprec., amort. & decomm.

 

$1,006,385

 

$270,663

 

$4,582 

 

$- 

 

$1,281,630 

Interest and investment income

 

$182,493

 

$140,729

 

$73,808 

 

($212,953)

 

$184,077 

Interest expense

 

$493,241

 

$102,728

 

$98,594 

 

($119,396)

 

$575,167 

Income taxes

 

$454,227

 

$247,775

 

($84,763)

 

$- 

 

$617,239 

Consolidated net income

 

$829,719

 

$450,104

 

$84,039 

 

($93,557)

 

$1,270,305 

Total assets

 

$31,080,240

 

$10,102,817

 

($714,968)

 

($1,782,813)

 

$38,685,276 

Investment in affiliates - at equity

 

$199

 

$40,498

 

$-

 

$- 

 

$40,697 

Cash paid for long-lived asset
additions

 


$1,766,609

 


$687,313

 


$75 

 


$- 

 


$2,453,997 

 

Businesses marked with * are sometimes referred to as the "competitive businesses." Eliminations are primarily intersegment activity. Almost all of Entergy's goodwill is related to the Utility segment.

 

On April 5, 2010, Entergy announced that, effective immediately, it planned to unwind the business infrastructure associated with its proposed plan to spin-off its non-utility nuclear business.  As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in the Entergy Wholesale Commodities segment. Other operating and maintenance expense in 2010 includes the write-off of $64 million of capital costs, primarily for software that will not be utilized. Interest charges in 2010 include the write-off of $39 million of debt financing costs, primarily incurred for the $1.2 billion credit facility related to the planned spin-off of Entergy's non-utility nuclear business that will not be used. Approximately $16 million of other costs were incurred in 2010 in connection with unwinding the planned non-utility nuclear spin-off transaction.

 

Geographic Areas

 

For the years ended December 31, 2012, 2011, and 2010 the amount of revenue Entergy derived from outside of the United States was insignificant. As of December 31, 2012 and 2011, Entergy had no long-lived assets located outside of the United States.

 

Registrant Subsidiaries

 

            Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries' operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Gulf States Louisiana [Member]
  
Business Segment Information

NOTE 13. BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

 

            Entergy's reportable segments as of December 31, 2012 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  "All Other" includes the parent company, Entergy Corporation, and other business activity, including the earnings on the proceeds of sales of previously-owned businesses.

 

            In the fourth quarter 2012, Entergy moved two subsidiaries from All Other to the Entergy Wholesale Commodities segment to improve the alignment of certain intercompany items and income tax activity. The 2011 and 2010 information in the tables below has been restated to reflect the change.

 

            Entergy's segment financial information is as follows:

 



2012

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,005,091

 

$2,326,309

 

$4,048 

 

($33,369) 

 

$10,302,079 

Deprec., amort. & decomm.

 

$1,076,845

 

$248,143

 

$4,357 

 

$- 

 

$1,329,345 

Interest and investment income

 

$150,292

 

$105,062

 

$30,656 

 

($158,234) 

 

$127,776 

Interest expense

 

$476,485

 

$17,900

 

$126,913 

 

($52,014) 

 

$569,284 

Income taxes

 

$49,340

 

$61,329

 

($79,814) 

 

$- 

 

$30,855 

Consolidated net income (loss)

 

$960,322

 

$40,427

 

($26,167) 

 

($106,219) 

 

$868,363 

Total assets

 

$35,438,130

 

$9,623,345

 

($509,985) 

 

($1,348,988) 

 

$43,202,502 

Investment in affiliates - at equity

 

$199

 

$46,539

 

$- 

 

$- 

 

$46,738 

Cash paid for long-lived asset
additions

 


$3,182,695

 


$577,652

 


$619 

 


$- 

 


$3,760,966 

 

 



2011

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,841,828

 

$2,413,773

 

$4,157 

 

($30,685)

 

$11,229,073 

Deprec., amort. & decomm.

 

$1,027,597

 

$260,643

 

$4,557 

 

$- 

 

$1,292,797 

Interest and investment income

 

$158,737

 

$99,762

 

$16,368 

 

($145,873)

 

$128,994 

Interest expense

 

$455,739

 

$33,067

 

$60,113 

 

($35,292)

 

$513,627 

Income taxes

 

$27,311

 

$176,286

 

$82,666 

 

$- 

 

$286,263 

Consolidated net income (loss)

 

$1,123,866

 

$491,846

 

($137,760)

 

($110,580)

 

$1,367,372 

Total assets

 

$32,734,549

 

$9,796,529

 

$228,691 

 

($2,058,070)

 

$40,701,699 

Investment in affiliates - at equity

 

$199

 

$44,677

 

$- 

 

$- 

 

$44,876 

Cash paid for long-lived asset
additions

 


$2,351,913

 


$1,048,146

 


($402) 

 


$- 

 


$3,399,657 

 

 



2010

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,941,332

 

$2,566,156

 

$7,442 

 

($27,353)

 

$11,487,577 

Deprec., amort. & decomm.

 

$1,006,385

 

$270,663

 

$4,582 

 

$- 

 

$1,281,630 

Interest and investment income

 

$182,493

 

$140,729

 

$73,808 

 

($212,953)

 

$184,077 

Interest expense

 

$493,241

 

$102,728

 

$98,594 

 

($119,396)

 

$575,167 

Income taxes

 

$454,227

 

$247,775

 

($84,763)

 

$- 

 

$617,239 

Consolidated net income

 

$829,719

 

$450,104

 

$84,039 

 

($93,557)

 

$1,270,305 

Total assets

 

$31,080,240

 

$10,102,817

 

($714,968)

 

($1,782,813)

 

$38,685,276 

Investment in affiliates - at equity

 

$199

 

$40,498

 

$-

 

$- 

 

$40,697 

Cash paid for long-lived asset
additions

 


$1,766,609

 


$687,313

 


$75 

 


$- 

 


$2,453,997 

 

Businesses marked with * are sometimes referred to as the "competitive businesses." Eliminations are primarily intersegment activity. Almost all of Entergy's goodwill is related to the Utility segment.

 

On April 5, 2010, Entergy announced that, effective immediately, it planned to unwind the business infrastructure associated with its proposed plan to spin-off its non-utility nuclear business.  As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in the Entergy Wholesale Commodities segment. Other operating and maintenance expense in 2010 includes the write-off of $64 million of capital costs, primarily for software that will not be utilized. Interest charges in 2010 include the write-off of $39 million of debt financing costs, primarily incurred for the $1.2 billion credit facility related to the planned spin-off of Entergy's non-utility nuclear business that will not be used. Approximately $16 million of other costs were incurred in 2010 in connection with unwinding the planned non-utility nuclear spin-off transaction.

 

Geographic Areas

 

For the years ended December 31, 2012, 2011, and 2010 the amount of revenue Entergy derived from outside of the United States was insignificant. As of December 31, 2012 and 2011, Entergy had no long-lived assets located outside of the United States.

 

Registrant Subsidiaries

 

            Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries' operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Louisiana [Member]
  
Business Segment Information

NOTE 13. BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

 

            Entergy's reportable segments as of December 31, 2012 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  "All Other" includes the parent company, Entergy Corporation, and other business activity, including the earnings on the proceeds of sales of previously-owned businesses.

 

            In the fourth quarter 2012, Entergy moved two subsidiaries from All Other to the Entergy Wholesale Commodities segment to improve the alignment of certain intercompany items and income tax activity. The 2011 and 2010 information in the tables below has been restated to reflect the change.

 

            Entergy's segment financial information is as follows:

 



2012

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,005,091

 

$2,326,309

 

$4,048 

 

($33,369) 

 

$10,302,079 

Deprec., amort. & decomm.

 

$1,076,845

 

$248,143

 

$4,357 

 

$- 

 

$1,329,345 

Interest and investment income

 

$150,292

 

$105,062

 

$30,656 

 

($158,234) 

 

$127,776 

Interest expense

 

$476,485

 

$17,900

 

$126,913 

 

($52,014) 

 

$569,284 

Income taxes

 

$49,340

 

$61,329

 

($79,814) 

 

$- 

 

$30,855 

Consolidated net income (loss)

 

$960,322

 

$40,427

 

($26,167) 

 

($106,219) 

 

$868,363 

Total assets

 

$35,438,130

 

$9,623,345

 

($509,985) 

 

($1,348,988) 

 

$43,202,502 

Investment in affiliates - at equity

 

$199

 

$46,539

 

$- 

 

$- 

 

$46,738 

Cash paid for long-lived asset
additions

 


$3,182,695

 


$577,652

 


$619 

 


$- 

 


$3,760,966 

 

 



2011

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,841,828

 

$2,413,773

 

$4,157 

 

($30,685)

 

$11,229,073 

Deprec., amort. & decomm.

 

$1,027,597

 

$260,643

 

$4,557 

 

$- 

 

$1,292,797 

Interest and investment income

 

$158,737

 

$99,762

 

$16,368 

 

($145,873)

 

$128,994 

Interest expense

 

$455,739

 

$33,067

 

$60,113 

 

($35,292)

 

$513,627 

Income taxes

 

$27,311

 

$176,286

 

$82,666 

 

$- 

 

$286,263 

Consolidated net income (loss)

 

$1,123,866

 

$491,846

 

($137,760)

 

($110,580)

 

$1,367,372 

Total assets

 

$32,734,549

 

$9,796,529

 

$228,691 

 

($2,058,070)

 

$40,701,699 

Investment in affiliates - at equity

 

$199

 

$44,677

 

$- 

 

$- 

 

$44,876 

Cash paid for long-lived asset
additions

 


$2,351,913

 


$1,048,146

 


($402) 

 


$- 

 


$3,399,657 

 

 



2010

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,941,332

 

$2,566,156

 

$7,442 

 

($27,353)

 

$11,487,577 

Deprec., amort. & decomm.

 

$1,006,385

 

$270,663

 

$4,582 

 

$- 

 

$1,281,630 

Interest and investment income

 

$182,493

 

$140,729

 

$73,808 

 

($212,953)

 

$184,077 

Interest expense

 

$493,241

 

$102,728

 

$98,594 

 

($119,396)

 

$575,167 

Income taxes

 

$454,227

 

$247,775

 

($84,763)

 

$- 

 

$617,239 

Consolidated net income

 

$829,719

 

$450,104

 

$84,039 

 

($93,557)

 

$1,270,305 

Total assets

 

$31,080,240

 

$10,102,817

 

($714,968)

 

($1,782,813)

 

$38,685,276 

Investment in affiliates - at equity

 

$199

 

$40,498

 

$-

 

$- 

 

$40,697 

Cash paid for long-lived asset
additions

 


$1,766,609

 


$687,313

 


$75 

 


$- 

 


$2,453,997 

 

Businesses marked with * are sometimes referred to as the "competitive businesses." Eliminations are primarily intersegment activity. Almost all of Entergy's goodwill is related to the Utility segment.

 

On April 5, 2010, Entergy announced that, effective immediately, it planned to unwind the business infrastructure associated with its proposed plan to spin-off its non-utility nuclear business.  As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in the Entergy Wholesale Commodities segment. Other operating and maintenance expense in 2010 includes the write-off of $64 million of capital costs, primarily for software that will not be utilized. Interest charges in 2010 include the write-off of $39 million of debt financing costs, primarily incurred for the $1.2 billion credit facility related to the planned spin-off of Entergy's non-utility nuclear business that will not be used. Approximately $16 million of other costs were incurred in 2010 in connection with unwinding the planned non-utility nuclear spin-off transaction.

 

Geographic Areas

 

For the years ended December 31, 2012, 2011, and 2010 the amount of revenue Entergy derived from outside of the United States was insignificant. As of December 31, 2012 and 2011, Entergy had no long-lived assets located outside of the United States.

 

Registrant Subsidiaries

 

            Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries' operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Mississippi [Member]
  
Business Segment Information

NOTE 13. BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

 

            Entergy's reportable segments as of December 31, 2012 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  "All Other" includes the parent company, Entergy Corporation, and other business activity, including the earnings on the proceeds of sales of previously-owned businesses.

 

            In the fourth quarter 2012, Entergy moved two subsidiaries from All Other to the Entergy Wholesale Commodities segment to improve the alignment of certain intercompany items and income tax activity. The 2011 and 2010 information in the tables below has been restated to reflect the change.

 

            Entergy's segment financial information is as follows:

 



2012

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,005,091

 

$2,326,309

 

$4,048 

 

($33,369) 

 

$10,302,079 

Deprec., amort. & decomm.

 

$1,076,845

 

$248,143

 

$4,357 

 

$- 

 

$1,329,345 

Interest and investment income

 

$150,292

 

$105,062

 

$30,656 

 

($158,234) 

 

$127,776 

Interest expense

 

$476,485

 

$17,900

 

$126,913 

 

($52,014) 

 

$569,284 

Income taxes

 

$49,340

 

$61,329

 

($79,814) 

 

$- 

 

$30,855 

Consolidated net income (loss)

 

$960,322

 

$40,427

 

($26,167) 

 

($106,219) 

 

$868,363 

Total assets

 

$35,438,130

 

$9,623,345

 

($509,985) 

 

($1,348,988) 

 

$43,202,502 

Investment in affiliates - at equity

 

$199

 

$46,539

 

$- 

 

$- 

 

$46,738 

Cash paid for long-lived asset
additions

 


$3,182,695

 


$577,652

 


$619 

 


$- 

 


$3,760,966 

 

 



2011

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,841,828

 

$2,413,773

 

$4,157 

 

($30,685)

 

$11,229,073 

Deprec., amort. & decomm.

 

$1,027,597

 

$260,643

 

$4,557 

 

$- 

 

$1,292,797 

Interest and investment income

 

$158,737

 

$99,762

 

$16,368 

 

($145,873)

 

$128,994 

Interest expense

 

$455,739

 

$33,067

 

$60,113 

 

($35,292)

 

$513,627 

Income taxes

 

$27,311

 

$176,286

 

$82,666 

 

$- 

 

$286,263 

Consolidated net income (loss)

 

$1,123,866

 

$491,846

 

($137,760)

 

($110,580)

 

$1,367,372 

Total assets

 

$32,734,549

 

$9,796,529

 

$228,691 

 

($2,058,070)

 

$40,701,699 

Investment in affiliates - at equity

 

$199

 

$44,677

 

$- 

 

$- 

 

$44,876 

Cash paid for long-lived asset
additions

 


$2,351,913

 


$1,048,146

 


($402) 

 


$- 

 


$3,399,657 

 

 



2010

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,941,332

 

$2,566,156

 

$7,442 

 

($27,353)

 

$11,487,577 

Deprec., amort. & decomm.

 

$1,006,385

 

$270,663

 

$4,582 

 

$- 

 

$1,281,630 

Interest and investment income

 

$182,493

 

$140,729

 

$73,808 

 

($212,953)

 

$184,077 

Interest expense

 

$493,241

 

$102,728

 

$98,594 

 

($119,396)

 

$575,167 

Income taxes

 

$454,227

 

$247,775

 

($84,763)

 

$- 

 

$617,239 

Consolidated net income

 

$829,719

 

$450,104

 

$84,039 

 

($93,557)

 

$1,270,305 

Total assets

 

$31,080,240

 

$10,102,817

 

($714,968)

 

($1,782,813)

 

$38,685,276 

Investment in affiliates - at equity

 

$199

 

$40,498

 

$-

 

$- 

 

$40,697 

Cash paid for long-lived asset
additions

 


$1,766,609

 


$687,313

 


$75 

 


$- 

 


$2,453,997 

 

Businesses marked with * are sometimes referred to as the "competitive businesses." Eliminations are primarily intersegment activity. Almost all of Entergy's goodwill is related to the Utility segment.

 

On April 5, 2010, Entergy announced that, effective immediately, it planned to unwind the business infrastructure associated with its proposed plan to spin-off its non-utility nuclear business.  As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in the Entergy Wholesale Commodities segment. Other operating and maintenance expense in 2010 includes the write-off of $64 million of capital costs, primarily for software that will not be utilized. Interest charges in 2010 include the write-off of $39 million of debt financing costs, primarily incurred for the $1.2 billion credit facility related to the planned spin-off of Entergy's non-utility nuclear business that will not be used. Approximately $16 million of other costs were incurred in 2010 in connection with unwinding the planned non-utility nuclear spin-off transaction.

 

Geographic Areas

 

For the years ended December 31, 2012, 2011, and 2010 the amount of revenue Entergy derived from outside of the United States was insignificant. As of December 31, 2012 and 2011, Entergy had no long-lived assets located outside of the United States.

 

Registrant Subsidiaries

 

            Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries' operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy New Orleans [Member]
  
Business Segment Information

NOTE 13. BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

 

            Entergy's reportable segments as of December 31, 2012 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  "All Other" includes the parent company, Entergy Corporation, and other business activity, including the earnings on the proceeds of sales of previously-owned businesses.

 

            In the fourth quarter 2012, Entergy moved two subsidiaries from All Other to the Entergy Wholesale Commodities segment to improve the alignment of certain intercompany items and income tax activity. The 2011 and 2010 information in the tables below has been restated to reflect the change.

 

            Entergy's segment financial information is as follows:

 



2012

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,005,091

 

$2,326,309

 

$4,048 

 

($33,369) 

 

$10,302,079 

Deprec., amort. & decomm.

 

$1,076,845

 

$248,143

 

$4,357 

 

$- 

 

$1,329,345 

Interest and investment income

 

$150,292

 

$105,062

 

$30,656 

 

($158,234) 

 

$127,776 

Interest expense

 

$476,485

 

$17,900

 

$126,913 

 

($52,014) 

 

$569,284 

Income taxes

 

$49,340

 

$61,329

 

($79,814) 

 

$- 

 

$30,855 

Consolidated net income (loss)

 

$960,322

 

$40,427

 

($26,167) 

 

($106,219) 

 

$868,363 

Total assets

 

$35,438,130

 

$9,623,345

 

($509,985) 

 

($1,348,988) 

 

$43,202,502 

Investment in affiliates - at equity

 

$199

 

$46,539

 

$- 

 

$- 

 

$46,738 

Cash paid for long-lived asset
additions

 


$3,182,695

 


$577,652

 


$619 

 


$- 

 


$3,760,966 

 

 



2011

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,841,828

 

$2,413,773

 

$4,157 

 

($30,685)

 

$11,229,073 

Deprec., amort. & decomm.

 

$1,027,597

 

$260,643

 

$4,557 

 

$- 

 

$1,292,797 

Interest and investment income

 

$158,737

 

$99,762

 

$16,368 

 

($145,873)

 

$128,994 

Interest expense

 

$455,739

 

$33,067

 

$60,113 

 

($35,292)

 

$513,627 

Income taxes

 

$27,311

 

$176,286

 

$82,666 

 

$- 

 

$286,263 

Consolidated net income (loss)

 

$1,123,866

 

$491,846

 

($137,760)

 

($110,580)

 

$1,367,372 

Total assets

 

$32,734,549

 

$9,796,529

 

$228,691 

 

($2,058,070)

 

$40,701,699 

Investment in affiliates - at equity

 

$199

 

$44,677

 

$- 

 

$- 

 

$44,876 

Cash paid for long-lived asset
additions

 


$2,351,913

 


$1,048,146

 


($402) 

 


$- 

 


$3,399,657 

 

 



2010

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,941,332

 

$2,566,156

 

$7,442 

 

($27,353)

 

$11,487,577 

Deprec., amort. & decomm.

 

$1,006,385

 

$270,663

 

$4,582 

 

$- 

 

$1,281,630 

Interest and investment income

 

$182,493

 

$140,729

 

$73,808 

 

($212,953)

 

$184,077 

Interest expense

 

$493,241

 

$102,728

 

$98,594 

 

($119,396)

 

$575,167 

Income taxes

 

$454,227

 

$247,775

 

($84,763)

 

$- 

 

$617,239 

Consolidated net income

 

$829,719

 

$450,104

 

$84,039 

 

($93,557)

 

$1,270,305 

Total assets

 

$31,080,240

 

$10,102,817

 

($714,968)

 

($1,782,813)

 

$38,685,276 

Investment in affiliates - at equity

 

$199

 

$40,498

 

$-

 

$- 

 

$40,697 

Cash paid for long-lived asset
additions

 


$1,766,609

 


$687,313

 


$75 

 


$- 

 


$2,453,997 

 

Businesses marked with * are sometimes referred to as the "competitive businesses." Eliminations are primarily intersegment activity. Almost all of Entergy's goodwill is related to the Utility segment.

 

On April 5, 2010, Entergy announced that, effective immediately, it planned to unwind the business infrastructure associated with its proposed plan to spin-off its non-utility nuclear business.  As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in the Entergy Wholesale Commodities segment. Other operating and maintenance expense in 2010 includes the write-off of $64 million of capital costs, primarily for software that will not be utilized. Interest charges in 2010 include the write-off of $39 million of debt financing costs, primarily incurred for the $1.2 billion credit facility related to the planned spin-off of Entergy's non-utility nuclear business that will not be used. Approximately $16 million of other costs were incurred in 2010 in connection with unwinding the planned non-utility nuclear spin-off transaction.

 

Geographic Areas

 

For the years ended December 31, 2012, 2011, and 2010 the amount of revenue Entergy derived from outside of the United States was insignificant. As of December 31, 2012 and 2011, Entergy had no long-lived assets located outside of the United States.

 

Registrant Subsidiaries

 

            Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries' operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Texas [Member]
  
Business Segment Information

NOTE 13. BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

 

            Entergy's reportable segments as of December 31, 2012 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  "All Other" includes the parent company, Entergy Corporation, and other business activity, including the earnings on the proceeds of sales of previously-owned businesses.

 

            In the fourth quarter 2012, Entergy moved two subsidiaries from All Other to the Entergy Wholesale Commodities segment to improve the alignment of certain intercompany items and income tax activity. The 2011 and 2010 information in the tables below has been restated to reflect the change.

 

            Entergy's segment financial information is as follows:

 



2012

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,005,091

 

$2,326,309

 

$4,048 

 

($33,369) 

 

$10,302,079 

Deprec., amort. & decomm.

 

$1,076,845

 

$248,143

 

$4,357 

 

$- 

 

$1,329,345 

Interest and investment income

 

$150,292

 

$105,062

 

$30,656 

 

($158,234) 

 

$127,776 

Interest expense

 

$476,485

 

$17,900

 

$126,913 

 

($52,014) 

 

$569,284 

Income taxes

 

$49,340

 

$61,329

 

($79,814) 

 

$- 

 

$30,855 

Consolidated net income (loss)

 

$960,322

 

$40,427

 

($26,167) 

 

($106,219) 

 

$868,363 

Total assets

 

$35,438,130

 

$9,623,345

 

($509,985) 

 

($1,348,988) 

 

$43,202,502 

Investment in affiliates - at equity

 

$199

 

$46,539

 

$- 

 

$- 

 

$46,738 

Cash paid for long-lived asset
additions

 


$3,182,695

 


$577,652

 


$619 

 


$- 

 


$3,760,966 

 

 



2011

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,841,828

 

$2,413,773

 

$4,157 

 

($30,685)

 

$11,229,073 

Deprec., amort. & decomm.

 

$1,027,597

 

$260,643

 

$4,557 

 

$- 

 

$1,292,797 

Interest and investment income

 

$158,737

 

$99,762

 

$16,368 

 

($145,873)

 

$128,994 

Interest expense

 

$455,739

 

$33,067

 

$60,113 

 

($35,292)

 

$513,627 

Income taxes

 

$27,311

 

$176,286

 

$82,666 

 

$- 

 

$286,263 

Consolidated net income (loss)

 

$1,123,866

 

$491,846

 

($137,760)

 

($110,580)

 

$1,367,372 

Total assets

 

$32,734,549

 

$9,796,529

 

$228,691 

 

($2,058,070)

 

$40,701,699 

Investment in affiliates - at equity

 

$199

 

$44,677

 

$- 

 

$- 

 

$44,876 

Cash paid for long-lived asset
additions

 


$2,351,913

 


$1,048,146

 


($402) 

 


$- 

 


$3,399,657 

 

 



2010

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,941,332

 

$2,566,156

 

$7,442 

 

($27,353)

 

$11,487,577 

Deprec., amort. & decomm.

 

$1,006,385

 

$270,663

 

$4,582 

 

$- 

 

$1,281,630 

Interest and investment income

 

$182,493

 

$140,729

 

$73,808 

 

($212,953)

 

$184,077 

Interest expense

 

$493,241

 

$102,728

 

$98,594 

 

($119,396)

 

$575,167 

Income taxes

 

$454,227

 

$247,775

 

($84,763)

 

$- 

 

$617,239 

Consolidated net income

 

$829,719

 

$450,104

 

$84,039 

 

($93,557)

 

$1,270,305 

Total assets

 

$31,080,240

 

$10,102,817

 

($714,968)

 

($1,782,813)

 

$38,685,276 

Investment in affiliates - at equity

 

$199

 

$40,498

 

$-

 

$- 

 

$40,697 

Cash paid for long-lived asset
additions

 


$1,766,609

 


$687,313

 


$75 

 


$- 

 


$2,453,997 

 

Businesses marked with * are sometimes referred to as the "competitive businesses." Eliminations are primarily intersegment activity. Almost all of Entergy's goodwill is related to the Utility segment.

 

On April 5, 2010, Entergy announced that, effective immediately, it planned to unwind the business infrastructure associated with its proposed plan to spin-off its non-utility nuclear business.  As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in the Entergy Wholesale Commodities segment. Other operating and maintenance expense in 2010 includes the write-off of $64 million of capital costs, primarily for software that will not be utilized. Interest charges in 2010 include the write-off of $39 million of debt financing costs, primarily incurred for the $1.2 billion credit facility related to the planned spin-off of Entergy's non-utility nuclear business that will not be used. Approximately $16 million of other costs were incurred in 2010 in connection with unwinding the planned non-utility nuclear spin-off transaction.

 

Geographic Areas

 

For the years ended December 31, 2012, 2011, and 2010 the amount of revenue Entergy derived from outside of the United States was insignificant. As of December 31, 2012 and 2011, Entergy had no long-lived assets located outside of the United States.

 

Registrant Subsidiaries

 

            Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries' operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
System Energy [Member]
  
Business Segment Information

NOTE 13. BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

 

            Entergy's reportable segments as of December 31, 2012 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  "All Other" includes the parent company, Entergy Corporation, and other business activity, including the earnings on the proceeds of sales of previously-owned businesses.

 

            In the fourth quarter 2012, Entergy moved two subsidiaries from All Other to the Entergy Wholesale Commodities segment to improve the alignment of certain intercompany items and income tax activity. The 2011 and 2010 information in the tables below has been restated to reflect the change.

 

            Entergy's segment financial information is as follows:

 



2012

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,005,091

 

$2,326,309

 

$4,048 

 

($33,369) 

 

$10,302,079 

Deprec., amort. & decomm.

 

$1,076,845

 

$248,143

 

$4,357 

 

$- 

 

$1,329,345 

Interest and investment income

 

$150,292

 

$105,062

 

$30,656 

 

($158,234) 

 

$127,776 

Interest expense

 

$476,485

 

$17,900

 

$126,913 

 

($52,014) 

 

$569,284 

Income taxes

 

$49,340

 

$61,329

 

($79,814) 

 

$- 

 

$30,855 

Consolidated net income (loss)

 

$960,322

 

$40,427

 

($26,167) 

 

($106,219) 

 

$868,363 

Total assets

 

$35,438,130

 

$9,623,345

 

($509,985) 

 

($1,348,988) 

 

$43,202,502 

Investment in affiliates - at equity

 

$199

 

$46,539

 

$- 

 

$- 

 

$46,738 

Cash paid for long-lived asset
additions

 


$3,182,695

 


$577,652

 


$619 

 


$- 

 


$3,760,966 

 

 



2011

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,841,828

 

$2,413,773

 

$4,157 

 

($30,685)

 

$11,229,073 

Deprec., amort. & decomm.

 

$1,027,597

 

$260,643

 

$4,557 

 

$- 

 

$1,292,797 

Interest and investment income

 

$158,737

 

$99,762

 

$16,368 

 

($145,873)

 

$128,994 

Interest expense

 

$455,739

 

$33,067

 

$60,113 

 

($35,292)

 

$513,627 

Income taxes

 

$27,311

 

$176,286

 

$82,666 

 

$- 

 

$286,263 

Consolidated net income (loss)

 

$1,123,866

 

$491,846

 

($137,760)

 

($110,580)

 

$1,367,372 

Total assets

 

$32,734,549

 

$9,796,529

 

$228,691 

 

($2,058,070)

 

$40,701,699 

Investment in affiliates - at equity

 

$199

 

$44,677

 

$- 

 

$- 

 

$44,876 

Cash paid for long-lived asset
additions

 


$2,351,913

 


$1,048,146

 


($402) 

 


$- 

 


$3,399,657 

 

 



2010

 



Utility

 

Entergy
Wholesale
Commodities*

 



All Other

 



Eliminations

 



Consolidated

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$8,941,332

 

$2,566,156

 

$7,442 

 

($27,353)

 

$11,487,577 

Deprec., amort. & decomm.

 

$1,006,385

 

$270,663

 

$4,582 

 

$- 

 

$1,281,630 

Interest and investment income

 

$182,493

 

$140,729

 

$73,808 

 

($212,953)

 

$184,077 

Interest expense

 

$493,241

 

$102,728

 

$98,594 

 

($119,396)

 

$575,167 

Income taxes

 

$454,227

 

$247,775

 

($84,763)

 

$- 

 

$617,239 

Consolidated net income

 

$829,719

 

$450,104

 

$84,039 

 

($93,557)

 

$1,270,305 

Total assets

 

$31,080,240

 

$10,102,817

 

($714,968)

 

($1,782,813)

 

$38,685,276 

Investment in affiliates - at equity

 

$199

 

$40,498

 

$-

 

$- 

 

$40,697 

Cash paid for long-lived asset
additions

 


$1,766,609

 


$687,313

 


$75 

 


$- 

 


$2,453,997 

 

Businesses marked with * are sometimes referred to as the "competitive businesses." Eliminations are primarily intersegment activity. Almost all of Entergy's goodwill is related to the Utility segment.

 

On April 5, 2010, Entergy announced that, effective immediately, it planned to unwind the business infrastructure associated with its proposed plan to spin-off its non-utility nuclear business.  As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in the Entergy Wholesale Commodities segment. Other operating and maintenance expense in 2010 includes the write-off of $64 million of capital costs, primarily for software that will not be utilized. Interest charges in 2010 include the write-off of $39 million of debt financing costs, primarily incurred for the $1.2 billion credit facility related to the planned spin-off of Entergy's non-utility nuclear business that will not be used. Approximately $16 million of other costs were incurred in 2010 in connection with unwinding the planned non-utility nuclear spin-off transaction.

 

Geographic Areas

 

For the years ended December 31, 2012, 2011, and 2010 the amount of revenue Entergy derived from outside of the United States was insignificant. As of December 31, 2012 and 2011, Entergy had no long-lived assets located outside of the United States.

 

Registrant Subsidiaries

 

            Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries' operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.