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Quarterly Financial Data
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2013 and 2012 for Entergy Corporation and subsidiaries were:
 
Operating
Revenues
 
Operating
Income
(Loss)
 
Consolidated
Net Income
(Loss)
 
Net Income
(Loss)
Attributable to
Entergy
Corporation
 
(In Thousands)
2013:
 
 
 
First Quarter

$2,608,874

 

$394,045

 

$166,982

 

$161,400

Second Quarter

$2,738,208

 

$346,512

 

$168,055

 

$163,723

Third Quarter

$3,351,959

 

$388,894

 

$244,182

 

$239,850

Fourth Quarter

$2,691,906

 

$225,548

 

$151,353

 

$146,929

2012:
 
 
 
First Quarter

$2,383,659

 

($56,857
)
 

($146,740
)
 

($151,683
)
Second Quarter

$2,518,600

 

$342,984

 

$370,583

 

$365,001

Third Quarter

$2,963,560

 

$690,852

 

$342,670

 

$337,088

Fourth Quarter

$2,436,260

 

$324,202

 

$301,850

 

$296,267


Earnings per Average Common Share
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.91

 

$0.90

 

($0.86
)
 

($0.86
)
Second Quarter

$0.92

 

$0.92

 

$2.06

 

$2.06

Third Quarter

$1.35

 

$1.34

 

$1.90

 

$1.89

Fourth Quarter

$0.82

 

$0.82

 

$1.67

 

$1.67



As discussed in more detail in Note 1 to the financial statements, operating results for 2013 and 2012 include a $321.5 million ($202.2 million after-tax) and $355.5 million ($223.5 million after-tax), respectively, of impairment and other related charges primarily to write down the carrying value of Vermont Yankee and related assets to their fair values. Also, as discussed in more detail in Note 13 to the financial statements, operating results include approximately $110 million ($70 million after-tax) in costs in 2013 associated with the human capital management strategic initiative, primarily implementation costs, severance expenses, pension curtailment losses, and special termination benefits expense. In December 2013, Entergy deferred for future recovery approximately $45 million ($30 million after-tax) of these costs in the Arkansas and Louisiana jurisdictions, as approved by the APSC and the LPSC, respectively.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2013 and 2012 were:
Operating Revenues
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$542,392

 

$419,955

 

$606,085

 

$291,641

 

$146,466

 

$306,173

 

$168,578

Second Quarter

$508,653

 

$492,361

 

$635,805

 

$326,039

 

$142,841

 

$455,100

 

$172,177

Third Quarter

$647,671

 

$558,331

 

$782,789

 

$397,833

 

$178,641

 

$526,978

 

$192,679

Fourth Quarter

$491,443

 

$470,486

 

$602,256

 

$319,027

 

$152,208

 

$440,548

 

$201,655

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$475,178

 

$399,622

 

$482,358

 

$261,760

 

$129,156

 

$326,924

 

$126,034

Second Quarter

$502,022

 

$401,356

 

$561,787

 

$277,204

 

$129,244

 

$358,067

 

$113,699

Third Quarter

$656,201

 

$434,451

 

$614,044

 

$321,771

 

$161,565

 

$489,078

 

$188,680

Fourth Quarter

$493,603

 

$419,465

 

$491,254

 

$259,631

 

$149,775

 

$407,427

 

$193,705


Operating Income (Loss)
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$43,314

 

$52,083

 

$64,728

 

$37,123

 

$4,272

 

$26,277

 

$52,052

Second Quarter

$80,942

 

$53,856

 

$88,691

 

$46,809

 

$3,627

 

$38,355

 

$51,632

Third Quarter

$157,681

 

$85,284

 

$145,847

 

$70,186

 

$15,895

 

$79,430

 

$52,029

Fourth Quarter

$23,123

 

$56,114

 

$56,128

 

$36,112

 

$3,070

 

$30,071

 

$47,367

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,816

 

$55,226

 

$36,142

 

$28,338

 

$3,250

 

$25,063

 

$35,456

Second Quarter

$87,899

 

$56,037

 

($41,253
)
 

$42,225

 

$10,009

 

$48,983

 

$38,245

Third Quarter

$152,836

 

$85,561

 

$121,725

 

$59,331

 

$19,565

 

$61,234

 

$58,934

Fourth Quarter

$26,833

 

$52,138

 

$32,397

 

$30,621

 

$3,066

 

$34,533

 

$58,776


Net Income (Loss)
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,719

 

$27,165

 

$45,376

 

$13,934

 

$1,307

 

$922

 

$28,006

Second Quarter

$40,483

 

$29,720

 

$61,377

 

$18,954

 

$598

 

$10,953

 

$27,734

Third Quarter

$82,577

 

$62,642

 

$100,597

 

$33,813

 

$8,086

 

$35,801

 

$35,105

Fourth Quarter

$24,169

 

$42,135

 

$45,114

 

$15,458

 

$1,692

 

$10,205

 

$22,819

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$13,874

 

$28,358

 

$33,295

 

$8,682

 

$40

 

$1,745

 

$26,536

Second Quarter

$45,755

 

$50,389

 

$130,714

 

$15,914

 

$7,186

 

$16,204

 

$35,368

Third Quarter

$82,551

 

$50,210

 

$80,208

 

$27,080

 

$10,555

 

$19,234

 

$30,616

Fourth Quarter

$10,185

 

$30,020

 

$36,864

 

($4,908
)
 

($716
)
 

$4,788

 

$19,346



Earnings (Loss) Applicable to Common Equity
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
First Quarter

$13,001

 

$26,959

 

$43,638

 

$13,227

 

$1,066

Second Quarter

$38,765

 

$29,514

 

$59,639

 

$18,247

 

$357

Third Quarter

$80,859

 

$62,436

 

$98,859

 

$33,106

 

$7,845

Fourth Quarter

$22,450

 

$41,928

 

$43,378

 

$14,751

 

$1,450

2012:
 
 
 
 
 
 
 
 
 
First Quarter

$12,156

 

$28,152

 

$31,557

 

$7,975

 

($201
)
Second Quarter

$44,037

 

$50,183

 

$128,976

 

$15,207

 

$6,945

Third Quarter

$80,833

 

$50,004

 

$78,470

 

$26,373

 

$10,314

Fourth Quarter

$8,466

 

$29,813

 

$35,128

 

($5,615
)
 

($958
)
Entergy Arkansas [Member]
  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2013 and 2012 for Entergy Corporation and subsidiaries were:
 
Operating
Revenues
 
Operating
Income
(Loss)
 
Consolidated
Net Income
(Loss)
 
Net Income
(Loss)
Attributable to
Entergy
Corporation
 
(In Thousands)
2013:
 
 
 
First Quarter

$2,608,874

 

$394,045

 

$166,982

 

$161,400

Second Quarter

$2,738,208

 

$346,512

 

$168,055

 

$163,723

Third Quarter

$3,351,959

 

$388,894

 

$244,182

 

$239,850

Fourth Quarter

$2,691,906

 

$225,548

 

$151,353

 

$146,929

2012:
 
 
 
First Quarter

$2,383,659

 

($56,857
)
 

($146,740
)
 

($151,683
)
Second Quarter

$2,518,600

 

$342,984

 

$370,583

 

$365,001

Third Quarter

$2,963,560

 

$690,852

 

$342,670

 

$337,088

Fourth Quarter

$2,436,260

 

$324,202

 

$301,850

 

$296,267


Earnings per Average Common Share
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.91

 

$0.90

 

($0.86
)
 

($0.86
)
Second Quarter

$0.92

 

$0.92

 

$2.06

 

$2.06

Third Quarter

$1.35

 

$1.34

 

$1.90

 

$1.89

Fourth Quarter

$0.82

 

$0.82

 

$1.67

 

$1.67



As discussed in more detail in Note 1 to the financial statements, operating results for 2013 and 2012 include a $321.5 million ($202.2 million after-tax) and $355.5 million ($223.5 million after-tax), respectively, of impairment and other related charges primarily to write down the carrying value of Vermont Yankee and related assets to their fair values. Also, as discussed in more detail in Note 13 to the financial statements, operating results include approximately $110 million ($70 million after-tax) in costs in 2013 associated with the human capital management strategic initiative, primarily implementation costs, severance expenses, pension curtailment losses, and special termination benefits expense. In December 2013, Entergy deferred for future recovery approximately $45 million ($30 million after-tax) of these costs in the Arkansas and Louisiana jurisdictions, as approved by the APSC and the LPSC, respectively.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2013 and 2012 were:
Operating Revenues
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$542,392

 

$419,955

 

$606,085

 

$291,641

 

$146,466

 

$306,173

 

$168,578

Second Quarter

$508,653

 

$492,361

 

$635,805

 

$326,039

 

$142,841

 

$455,100

 

$172,177

Third Quarter

$647,671

 

$558,331

 

$782,789

 

$397,833

 

$178,641

 

$526,978

 

$192,679

Fourth Quarter

$491,443

 

$470,486

 

$602,256

 

$319,027

 

$152,208

 

$440,548

 

$201,655

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$475,178

 

$399,622

 

$482,358

 

$261,760

 

$129,156

 

$326,924

 

$126,034

Second Quarter

$502,022

 

$401,356

 

$561,787

 

$277,204

 

$129,244

 

$358,067

 

$113,699

Third Quarter

$656,201

 

$434,451

 

$614,044

 

$321,771

 

$161,565

 

$489,078

 

$188,680

Fourth Quarter

$493,603

 

$419,465

 

$491,254

 

$259,631

 

$149,775

 

$407,427

 

$193,705


Operating Income (Loss)
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$43,314

 

$52,083

 

$64,728

 

$37,123

 

$4,272

 

$26,277

 

$52,052

Second Quarter

$80,942

 

$53,856

 

$88,691

 

$46,809

 

$3,627

 

$38,355

 

$51,632

Third Quarter

$157,681

 

$85,284

 

$145,847

 

$70,186

 

$15,895

 

$79,430

 

$52,029

Fourth Quarter

$23,123

 

$56,114

 

$56,128

 

$36,112

 

$3,070

 

$30,071

 

$47,367

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,816

 

$55,226

 

$36,142

 

$28,338

 

$3,250

 

$25,063

 

$35,456

Second Quarter

$87,899

 

$56,037

 

($41,253
)
 

$42,225

 

$10,009

 

$48,983

 

$38,245

Third Quarter

$152,836

 

$85,561

 

$121,725

 

$59,331

 

$19,565

 

$61,234

 

$58,934

Fourth Quarter

$26,833

 

$52,138

 

$32,397

 

$30,621

 

$3,066

 

$34,533

 

$58,776


Net Income (Loss)
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,719

 

$27,165

 

$45,376

 

$13,934

 

$1,307

 

$922

 

$28,006

Second Quarter

$40,483

 

$29,720

 

$61,377

 

$18,954

 

$598

 

$10,953

 

$27,734

Third Quarter

$82,577

 

$62,642

 

$100,597

 

$33,813

 

$8,086

 

$35,801

 

$35,105

Fourth Quarter

$24,169

 

$42,135

 

$45,114

 

$15,458

 

$1,692

 

$10,205

 

$22,819

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$13,874

 

$28,358

 

$33,295

 

$8,682

 

$40

 

$1,745

 

$26,536

Second Quarter

$45,755

 

$50,389

 

$130,714

 

$15,914

 

$7,186

 

$16,204

 

$35,368

Third Quarter

$82,551

 

$50,210

 

$80,208

 

$27,080

 

$10,555

 

$19,234

 

$30,616

Fourth Quarter

$10,185

 

$30,020

 

$36,864

 

($4,908
)
 

($716
)
 

$4,788

 

$19,346



Earnings (Loss) Applicable to Common Equity
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
First Quarter

$13,001

 

$26,959

 

$43,638

 

$13,227

 

$1,066

Second Quarter

$38,765

 

$29,514

 

$59,639

 

$18,247

 

$357

Third Quarter

$80,859

 

$62,436

 

$98,859

 

$33,106

 

$7,845

Fourth Quarter

$22,450

 

$41,928

 

$43,378

 

$14,751

 

$1,450

2012:
 
 
 
 
 
 
 
 
 
First Quarter

$12,156

 

$28,152

 

$31,557

 

$7,975

 

($201
)
Second Quarter

$44,037

 

$50,183

 

$128,976

 

$15,207

 

$6,945

Third Quarter

$80,833

 

$50,004

 

$78,470

 

$26,373

 

$10,314

Fourth Quarter

$8,466

 

$29,813

 

$35,128

 

($5,615
)
 

($958
)
Entergy Gulf States Louisiana [Member]
  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2013 and 2012 for Entergy Corporation and subsidiaries were:
 
Operating
Revenues
 
Operating
Income
(Loss)
 
Consolidated
Net Income
(Loss)
 
Net Income
(Loss)
Attributable to
Entergy
Corporation
 
(In Thousands)
2013:
 
 
 
First Quarter

$2,608,874

 

$394,045

 

$166,982

 

$161,400

Second Quarter

$2,738,208

 

$346,512

 

$168,055

 

$163,723

Third Quarter

$3,351,959

 

$388,894

 

$244,182

 

$239,850

Fourth Quarter

$2,691,906

 

$225,548

 

$151,353

 

$146,929

2012:
 
 
 
First Quarter

$2,383,659

 

($56,857
)
 

($146,740
)
 

($151,683
)
Second Quarter

$2,518,600

 

$342,984

 

$370,583

 

$365,001

Third Quarter

$2,963,560

 

$690,852

 

$342,670

 

$337,088

Fourth Quarter

$2,436,260

 

$324,202

 

$301,850

 

$296,267


Earnings per Average Common Share
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.91

 

$0.90

 

($0.86
)
 

($0.86
)
Second Quarter

$0.92

 

$0.92

 

$2.06

 

$2.06

Third Quarter

$1.35

 

$1.34

 

$1.90

 

$1.89

Fourth Quarter

$0.82

 

$0.82

 

$1.67

 

$1.67



As discussed in more detail in Note 1 to the financial statements, operating results for 2013 and 2012 include a $321.5 million ($202.2 million after-tax) and $355.5 million ($223.5 million after-tax), respectively, of impairment and other related charges primarily to write down the carrying value of Vermont Yankee and related assets to their fair values. Also, as discussed in more detail in Note 13 to the financial statements, operating results include approximately $110 million ($70 million after-tax) in costs in 2013 associated with the human capital management strategic initiative, primarily implementation costs, severance expenses, pension curtailment losses, and special termination benefits expense. In December 2013, Entergy deferred for future recovery approximately $45 million ($30 million after-tax) of these costs in the Arkansas and Louisiana jurisdictions, as approved by the APSC and the LPSC, respectively.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2013 and 2012 were:
Operating Revenues
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$542,392

 

$419,955

 

$606,085

 

$291,641

 

$146,466

 

$306,173

 

$168,578

Second Quarter

$508,653

 

$492,361

 

$635,805

 

$326,039

 

$142,841

 

$455,100

 

$172,177

Third Quarter

$647,671

 

$558,331

 

$782,789

 

$397,833

 

$178,641

 

$526,978

 

$192,679

Fourth Quarter

$491,443

 

$470,486

 

$602,256

 

$319,027

 

$152,208

 

$440,548

 

$201,655

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$475,178

 

$399,622

 

$482,358

 

$261,760

 

$129,156

 

$326,924

 

$126,034

Second Quarter

$502,022

 

$401,356

 

$561,787

 

$277,204

 

$129,244

 

$358,067

 

$113,699

Third Quarter

$656,201

 

$434,451

 

$614,044

 

$321,771

 

$161,565

 

$489,078

 

$188,680

Fourth Quarter

$493,603

 

$419,465

 

$491,254

 

$259,631

 

$149,775

 

$407,427

 

$193,705


Operating Income (Loss)
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$43,314

 

$52,083

 

$64,728

 

$37,123

 

$4,272

 

$26,277

 

$52,052

Second Quarter

$80,942

 

$53,856

 

$88,691

 

$46,809

 

$3,627

 

$38,355

 

$51,632

Third Quarter

$157,681

 

$85,284

 

$145,847

 

$70,186

 

$15,895

 

$79,430

 

$52,029

Fourth Quarter

$23,123

 

$56,114

 

$56,128

 

$36,112

 

$3,070

 

$30,071

 

$47,367

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,816

 

$55,226

 

$36,142

 

$28,338

 

$3,250

 

$25,063

 

$35,456

Second Quarter

$87,899

 

$56,037

 

($41,253
)
 

$42,225

 

$10,009

 

$48,983

 

$38,245

Third Quarter

$152,836

 

$85,561

 

$121,725

 

$59,331

 

$19,565

 

$61,234

 

$58,934

Fourth Quarter

$26,833

 

$52,138

 

$32,397

 

$30,621

 

$3,066

 

$34,533

 

$58,776


Net Income (Loss)
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,719

 

$27,165

 

$45,376

 

$13,934

 

$1,307

 

$922

 

$28,006

Second Quarter

$40,483

 

$29,720

 

$61,377

 

$18,954

 

$598

 

$10,953

 

$27,734

Third Quarter

$82,577

 

$62,642

 

$100,597

 

$33,813

 

$8,086

 

$35,801

 

$35,105

Fourth Quarter

$24,169

 

$42,135

 

$45,114

 

$15,458

 

$1,692

 

$10,205

 

$22,819

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$13,874

 

$28,358

 

$33,295

 

$8,682

 

$40

 

$1,745

 

$26,536

Second Quarter

$45,755

 

$50,389

 

$130,714

 

$15,914

 

$7,186

 

$16,204

 

$35,368

Third Quarter

$82,551

 

$50,210

 

$80,208

 

$27,080

 

$10,555

 

$19,234

 

$30,616

Fourth Quarter

$10,185

 

$30,020

 

$36,864

 

($4,908
)
 

($716
)
 

$4,788

 

$19,346



Earnings (Loss) Applicable to Common Equity
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
First Quarter

$13,001

 

$26,959

 

$43,638

 

$13,227

 

$1,066

Second Quarter

$38,765

 

$29,514

 

$59,639

 

$18,247

 

$357

Third Quarter

$80,859

 

$62,436

 

$98,859

 

$33,106

 

$7,845

Fourth Quarter

$22,450

 

$41,928

 

$43,378

 

$14,751

 

$1,450

2012:
 
 
 
 
 
 
 
 
 
First Quarter

$12,156

 

$28,152

 

$31,557

 

$7,975

 

($201
)
Second Quarter

$44,037

 

$50,183

 

$128,976

 

$15,207

 

$6,945

Third Quarter

$80,833

 

$50,004

 

$78,470

 

$26,373

 

$10,314

Fourth Quarter

$8,466

 

$29,813

 

$35,128

 

($5,615
)
 

($958
)
Entergy Louisiana [Member]
  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2013 and 2012 for Entergy Corporation and subsidiaries were:
 
Operating
Revenues
 
Operating
Income
(Loss)
 
Consolidated
Net Income
(Loss)
 
Net Income
(Loss)
Attributable to
Entergy
Corporation
 
(In Thousands)
2013:
 
 
 
First Quarter

$2,608,874

 

$394,045

 

$166,982

 

$161,400

Second Quarter

$2,738,208

 

$346,512

 

$168,055

 

$163,723

Third Quarter

$3,351,959

 

$388,894

 

$244,182

 

$239,850

Fourth Quarter

$2,691,906

 

$225,548

 

$151,353

 

$146,929

2012:
 
 
 
First Quarter

$2,383,659

 

($56,857
)
 

($146,740
)
 

($151,683
)
Second Quarter

$2,518,600

 

$342,984

 

$370,583

 

$365,001

Third Quarter

$2,963,560

 

$690,852

 

$342,670

 

$337,088

Fourth Quarter

$2,436,260

 

$324,202

 

$301,850

 

$296,267


Earnings per Average Common Share
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.91

 

$0.90

 

($0.86
)
 

($0.86
)
Second Quarter

$0.92

 

$0.92

 

$2.06

 

$2.06

Third Quarter

$1.35

 

$1.34

 

$1.90

 

$1.89

Fourth Quarter

$0.82

 

$0.82

 

$1.67

 

$1.67



As discussed in more detail in Note 1 to the financial statements, operating results for 2013 and 2012 include a $321.5 million ($202.2 million after-tax) and $355.5 million ($223.5 million after-tax), respectively, of impairment and other related charges primarily to write down the carrying value of Vermont Yankee and related assets to their fair values. Also, as discussed in more detail in Note 13 to the financial statements, operating results include approximately $110 million ($70 million after-tax) in costs in 2013 associated with the human capital management strategic initiative, primarily implementation costs, severance expenses, pension curtailment losses, and special termination benefits expense. In December 2013, Entergy deferred for future recovery approximately $45 million ($30 million after-tax) of these costs in the Arkansas and Louisiana jurisdictions, as approved by the APSC and the LPSC, respectively.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2013 and 2012 were:
Operating Revenues
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$542,392

 

$419,955

 

$606,085

 

$291,641

 

$146,466

 

$306,173

 

$168,578

Second Quarter

$508,653

 

$492,361

 

$635,805

 

$326,039

 

$142,841

 

$455,100

 

$172,177

Third Quarter

$647,671

 

$558,331

 

$782,789

 

$397,833

 

$178,641

 

$526,978

 

$192,679

Fourth Quarter

$491,443

 

$470,486

 

$602,256

 

$319,027

 

$152,208

 

$440,548

 

$201,655

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$475,178

 

$399,622

 

$482,358

 

$261,760

 

$129,156

 

$326,924

 

$126,034

Second Quarter

$502,022

 

$401,356

 

$561,787

 

$277,204

 

$129,244

 

$358,067

 

$113,699

Third Quarter

$656,201

 

$434,451

 

$614,044

 

$321,771

 

$161,565

 

$489,078

 

$188,680

Fourth Quarter

$493,603

 

$419,465

 

$491,254

 

$259,631

 

$149,775

 

$407,427

 

$193,705


Operating Income (Loss)
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$43,314

 

$52,083

 

$64,728

 

$37,123

 

$4,272

 

$26,277

 

$52,052

Second Quarter

$80,942

 

$53,856

 

$88,691

 

$46,809

 

$3,627

 

$38,355

 

$51,632

Third Quarter

$157,681

 

$85,284

 

$145,847

 

$70,186

 

$15,895

 

$79,430

 

$52,029

Fourth Quarter

$23,123

 

$56,114

 

$56,128

 

$36,112

 

$3,070

 

$30,071

 

$47,367

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,816

 

$55,226

 

$36,142

 

$28,338

 

$3,250

 

$25,063

 

$35,456

Second Quarter

$87,899

 

$56,037

 

($41,253
)
 

$42,225

 

$10,009

 

$48,983

 

$38,245

Third Quarter

$152,836

 

$85,561

 

$121,725

 

$59,331

 

$19,565

 

$61,234

 

$58,934

Fourth Quarter

$26,833

 

$52,138

 

$32,397

 

$30,621

 

$3,066

 

$34,533

 

$58,776


Net Income (Loss)
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,719

 

$27,165

 

$45,376

 

$13,934

 

$1,307

 

$922

 

$28,006

Second Quarter

$40,483

 

$29,720

 

$61,377

 

$18,954

 

$598

 

$10,953

 

$27,734

Third Quarter

$82,577

 

$62,642

 

$100,597

 

$33,813

 

$8,086

 

$35,801

 

$35,105

Fourth Quarter

$24,169

 

$42,135

 

$45,114

 

$15,458

 

$1,692

 

$10,205

 

$22,819

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$13,874

 

$28,358

 

$33,295

 

$8,682

 

$40

 

$1,745

 

$26,536

Second Quarter

$45,755

 

$50,389

 

$130,714

 

$15,914

 

$7,186

 

$16,204

 

$35,368

Third Quarter

$82,551

 

$50,210

 

$80,208

 

$27,080

 

$10,555

 

$19,234

 

$30,616

Fourth Quarter

$10,185

 

$30,020

 

$36,864

 

($4,908
)
 

($716
)
 

$4,788

 

$19,346



Earnings (Loss) Applicable to Common Equity
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
First Quarter

$13,001

 

$26,959

 

$43,638

 

$13,227

 

$1,066

Second Quarter

$38,765

 

$29,514

 

$59,639

 

$18,247

 

$357

Third Quarter

$80,859

 

$62,436

 

$98,859

 

$33,106

 

$7,845

Fourth Quarter

$22,450

 

$41,928

 

$43,378

 

$14,751

 

$1,450

2012:
 
 
 
 
 
 
 
 
 
First Quarter

$12,156

 

$28,152

 

$31,557

 

$7,975

 

($201
)
Second Quarter

$44,037

 

$50,183

 

$128,976

 

$15,207

 

$6,945

Third Quarter

$80,833

 

$50,004

 

$78,470

 

$26,373

 

$10,314

Fourth Quarter

$8,466

 

$29,813

 

$35,128

 

($5,615
)
 

($958
)
Entergy Mississippi [Member]
  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2013 and 2012 for Entergy Corporation and subsidiaries were:
 
Operating
Revenues
 
Operating
Income
(Loss)
 
Consolidated
Net Income
(Loss)
 
Net Income
(Loss)
Attributable to
Entergy
Corporation
 
(In Thousands)
2013:
 
 
 
First Quarter

$2,608,874

 

$394,045

 

$166,982

 

$161,400

Second Quarter

$2,738,208

 

$346,512

 

$168,055

 

$163,723

Third Quarter

$3,351,959

 

$388,894

 

$244,182

 

$239,850

Fourth Quarter

$2,691,906

 

$225,548

 

$151,353

 

$146,929

2012:
 
 
 
First Quarter

$2,383,659

 

($56,857
)
 

($146,740
)
 

($151,683
)
Second Quarter

$2,518,600

 

$342,984

 

$370,583

 

$365,001

Third Quarter

$2,963,560

 

$690,852

 

$342,670

 

$337,088

Fourth Quarter

$2,436,260

 

$324,202

 

$301,850

 

$296,267


Earnings per Average Common Share
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.91

 

$0.90

 

($0.86
)
 

($0.86
)
Second Quarter

$0.92

 

$0.92

 

$2.06

 

$2.06

Third Quarter

$1.35

 

$1.34

 

$1.90

 

$1.89

Fourth Quarter

$0.82

 

$0.82

 

$1.67

 

$1.67



As discussed in more detail in Note 1 to the financial statements, operating results for 2013 and 2012 include a $321.5 million ($202.2 million after-tax) and $355.5 million ($223.5 million after-tax), respectively, of impairment and other related charges primarily to write down the carrying value of Vermont Yankee and related assets to their fair values. Also, as discussed in more detail in Note 13 to the financial statements, operating results include approximately $110 million ($70 million after-tax) in costs in 2013 associated with the human capital management strategic initiative, primarily implementation costs, severance expenses, pension curtailment losses, and special termination benefits expense. In December 2013, Entergy deferred for future recovery approximately $45 million ($30 million after-tax) of these costs in the Arkansas and Louisiana jurisdictions, as approved by the APSC and the LPSC, respectively.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2013 and 2012 were:
Operating Revenues
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$542,392

 

$419,955

 

$606,085

 

$291,641

 

$146,466

 

$306,173

 

$168,578

Second Quarter

$508,653

 

$492,361

 

$635,805

 

$326,039

 

$142,841

 

$455,100

 

$172,177

Third Quarter

$647,671

 

$558,331

 

$782,789

 

$397,833

 

$178,641

 

$526,978

 

$192,679

Fourth Quarter

$491,443

 

$470,486

 

$602,256

 

$319,027

 

$152,208

 

$440,548

 

$201,655

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$475,178

 

$399,622

 

$482,358

 

$261,760

 

$129,156

 

$326,924

 

$126,034

Second Quarter

$502,022

 

$401,356

 

$561,787

 

$277,204

 

$129,244

 

$358,067

 

$113,699

Third Quarter

$656,201

 

$434,451

 

$614,044

 

$321,771

 

$161,565

 

$489,078

 

$188,680

Fourth Quarter

$493,603

 

$419,465

 

$491,254

 

$259,631

 

$149,775

 

$407,427

 

$193,705


Operating Income (Loss)
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$43,314

 

$52,083

 

$64,728

 

$37,123

 

$4,272

 

$26,277

 

$52,052

Second Quarter

$80,942

 

$53,856

 

$88,691

 

$46,809

 

$3,627

 

$38,355

 

$51,632

Third Quarter

$157,681

 

$85,284

 

$145,847

 

$70,186

 

$15,895

 

$79,430

 

$52,029

Fourth Quarter

$23,123

 

$56,114

 

$56,128

 

$36,112

 

$3,070

 

$30,071

 

$47,367

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,816

 

$55,226

 

$36,142

 

$28,338

 

$3,250

 

$25,063

 

$35,456

Second Quarter

$87,899

 

$56,037

 

($41,253
)
 

$42,225

 

$10,009

 

$48,983

 

$38,245

Third Quarter

$152,836

 

$85,561

 

$121,725

 

$59,331

 

$19,565

 

$61,234

 

$58,934

Fourth Quarter

$26,833

 

$52,138

 

$32,397

 

$30,621

 

$3,066

 

$34,533

 

$58,776


Net Income (Loss)
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,719

 

$27,165

 

$45,376

 

$13,934

 

$1,307

 

$922

 

$28,006

Second Quarter

$40,483

 

$29,720

 

$61,377

 

$18,954

 

$598

 

$10,953

 

$27,734

Third Quarter

$82,577

 

$62,642

 

$100,597

 

$33,813

 

$8,086

 

$35,801

 

$35,105

Fourth Quarter

$24,169

 

$42,135

 

$45,114

 

$15,458

 

$1,692

 

$10,205

 

$22,819

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$13,874

 

$28,358

 

$33,295

 

$8,682

 

$40

 

$1,745

 

$26,536

Second Quarter

$45,755

 

$50,389

 

$130,714

 

$15,914

 

$7,186

 

$16,204

 

$35,368

Third Quarter

$82,551

 

$50,210

 

$80,208

 

$27,080

 

$10,555

 

$19,234

 

$30,616

Fourth Quarter

$10,185

 

$30,020

 

$36,864

 

($4,908
)
 

($716
)
 

$4,788

 

$19,346



Earnings (Loss) Applicable to Common Equity
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
First Quarter

$13,001

 

$26,959

 

$43,638

 

$13,227

 

$1,066

Second Quarter

$38,765

 

$29,514

 

$59,639

 

$18,247

 

$357

Third Quarter

$80,859

 

$62,436

 

$98,859

 

$33,106

 

$7,845

Fourth Quarter

$22,450

 

$41,928

 

$43,378

 

$14,751

 

$1,450

2012:
 
 
 
 
 
 
 
 
 
First Quarter

$12,156

 

$28,152

 

$31,557

 

$7,975

 

($201
)
Second Quarter

$44,037

 

$50,183

 

$128,976

 

$15,207

 

$6,945

Third Quarter

$80,833

 

$50,004

 

$78,470

 

$26,373

 

$10,314

Fourth Quarter

$8,466

 

$29,813

 

$35,128

 

($5,615
)
 

($958
)
Entergy New Orleans [Member]
  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2013 and 2012 for Entergy Corporation and subsidiaries were:
 
Operating
Revenues
 
Operating
Income
(Loss)
 
Consolidated
Net Income
(Loss)
 
Net Income
(Loss)
Attributable to
Entergy
Corporation
 
(In Thousands)
2013:
 
 
 
First Quarter

$2,608,874

 

$394,045

 

$166,982

 

$161,400

Second Quarter

$2,738,208

 

$346,512

 

$168,055

 

$163,723

Third Quarter

$3,351,959

 

$388,894

 

$244,182

 

$239,850

Fourth Quarter

$2,691,906

 

$225,548

 

$151,353

 

$146,929

2012:
 
 
 
First Quarter

$2,383,659

 

($56,857
)
 

($146,740
)
 

($151,683
)
Second Quarter

$2,518,600

 

$342,984

 

$370,583

 

$365,001

Third Quarter

$2,963,560

 

$690,852

 

$342,670

 

$337,088

Fourth Quarter

$2,436,260

 

$324,202

 

$301,850

 

$296,267


Earnings per Average Common Share
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.91

 

$0.90

 

($0.86
)
 

($0.86
)
Second Quarter

$0.92

 

$0.92

 

$2.06

 

$2.06

Third Quarter

$1.35

 

$1.34

 

$1.90

 

$1.89

Fourth Quarter

$0.82

 

$0.82

 

$1.67

 

$1.67



As discussed in more detail in Note 1 to the financial statements, operating results for 2013 and 2012 include a $321.5 million ($202.2 million after-tax) and $355.5 million ($223.5 million after-tax), respectively, of impairment and other related charges primarily to write down the carrying value of Vermont Yankee and related assets to their fair values. Also, as discussed in more detail in Note 13 to the financial statements, operating results include approximately $110 million ($70 million after-tax) in costs in 2013 associated with the human capital management strategic initiative, primarily implementation costs, severance expenses, pension curtailment losses, and special termination benefits expense. In December 2013, Entergy deferred for future recovery approximately $45 million ($30 million after-tax) of these costs in the Arkansas and Louisiana jurisdictions, as approved by the APSC and the LPSC, respectively.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2013 and 2012 were:
Operating Revenues
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$542,392

 

$419,955

 

$606,085

 

$291,641

 

$146,466

 

$306,173

 

$168,578

Second Quarter

$508,653

 

$492,361

 

$635,805

 

$326,039

 

$142,841

 

$455,100

 

$172,177

Third Quarter

$647,671

 

$558,331

 

$782,789

 

$397,833

 

$178,641

 

$526,978

 

$192,679

Fourth Quarter

$491,443

 

$470,486

 

$602,256

 

$319,027

 

$152,208

 

$440,548

 

$201,655

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$475,178

 

$399,622

 

$482,358

 

$261,760

 

$129,156

 

$326,924

 

$126,034

Second Quarter

$502,022

 

$401,356

 

$561,787

 

$277,204

 

$129,244

 

$358,067

 

$113,699

Third Quarter

$656,201

 

$434,451

 

$614,044

 

$321,771

 

$161,565

 

$489,078

 

$188,680

Fourth Quarter

$493,603

 

$419,465

 

$491,254

 

$259,631

 

$149,775

 

$407,427

 

$193,705


Operating Income (Loss)
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$43,314

 

$52,083

 

$64,728

 

$37,123

 

$4,272

 

$26,277

 

$52,052

Second Quarter

$80,942

 

$53,856

 

$88,691

 

$46,809

 

$3,627

 

$38,355

 

$51,632

Third Quarter

$157,681

 

$85,284

 

$145,847

 

$70,186

 

$15,895

 

$79,430

 

$52,029

Fourth Quarter

$23,123

 

$56,114

 

$56,128

 

$36,112

 

$3,070

 

$30,071

 

$47,367

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,816

 

$55,226

 

$36,142

 

$28,338

 

$3,250

 

$25,063

 

$35,456

Second Quarter

$87,899

 

$56,037

 

($41,253
)
 

$42,225

 

$10,009

 

$48,983

 

$38,245

Third Quarter

$152,836

 

$85,561

 

$121,725

 

$59,331

 

$19,565

 

$61,234

 

$58,934

Fourth Quarter

$26,833

 

$52,138

 

$32,397

 

$30,621

 

$3,066

 

$34,533

 

$58,776


Net Income (Loss)
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,719

 

$27,165

 

$45,376

 

$13,934

 

$1,307

 

$922

 

$28,006

Second Quarter

$40,483

 

$29,720

 

$61,377

 

$18,954

 

$598

 

$10,953

 

$27,734

Third Quarter

$82,577

 

$62,642

 

$100,597

 

$33,813

 

$8,086

 

$35,801

 

$35,105

Fourth Quarter

$24,169

 

$42,135

 

$45,114

 

$15,458

 

$1,692

 

$10,205

 

$22,819

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$13,874

 

$28,358

 

$33,295

 

$8,682

 

$40

 

$1,745

 

$26,536

Second Quarter

$45,755

 

$50,389

 

$130,714

 

$15,914

 

$7,186

 

$16,204

 

$35,368

Third Quarter

$82,551

 

$50,210

 

$80,208

 

$27,080

 

$10,555

 

$19,234

 

$30,616

Fourth Quarter

$10,185

 

$30,020

 

$36,864

 

($4,908
)
 

($716
)
 

$4,788

 

$19,346



Earnings (Loss) Applicable to Common Equity
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
First Quarter

$13,001

 

$26,959

 

$43,638

 

$13,227

 

$1,066

Second Quarter

$38,765

 

$29,514

 

$59,639

 

$18,247

 

$357

Third Quarter

$80,859

 

$62,436

 

$98,859

 

$33,106

 

$7,845

Fourth Quarter

$22,450

 

$41,928

 

$43,378

 

$14,751

 

$1,450

2012:
 
 
 
 
 
 
 
 
 
First Quarter

$12,156

 

$28,152

 

$31,557

 

$7,975

 

($201
)
Second Quarter

$44,037

 

$50,183

 

$128,976

 

$15,207

 

$6,945

Third Quarter

$80,833

 

$50,004

 

$78,470

 

$26,373

 

$10,314

Fourth Quarter

$8,466

 

$29,813

 

$35,128

 

($5,615
)
 

($958
)
Entergy Texas [Member]
  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2013 and 2012 for Entergy Corporation and subsidiaries were:
 
Operating
Revenues
 
Operating
Income
(Loss)
 
Consolidated
Net Income
(Loss)
 
Net Income
(Loss)
Attributable to
Entergy
Corporation
 
(In Thousands)
2013:
 
 
 
First Quarter

$2,608,874

 

$394,045

 

$166,982

 

$161,400

Second Quarter

$2,738,208

 

$346,512

 

$168,055

 

$163,723

Third Quarter

$3,351,959

 

$388,894

 

$244,182

 

$239,850

Fourth Quarter

$2,691,906

 

$225,548

 

$151,353

 

$146,929

2012:
 
 
 
First Quarter

$2,383,659

 

($56,857
)
 

($146,740
)
 

($151,683
)
Second Quarter

$2,518,600

 

$342,984

 

$370,583

 

$365,001

Third Quarter

$2,963,560

 

$690,852

 

$342,670

 

$337,088

Fourth Quarter

$2,436,260

 

$324,202

 

$301,850

 

$296,267


Earnings per Average Common Share
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.91

 

$0.90

 

($0.86
)
 

($0.86
)
Second Quarter

$0.92

 

$0.92

 

$2.06

 

$2.06

Third Quarter

$1.35

 

$1.34

 

$1.90

 

$1.89

Fourth Quarter

$0.82

 

$0.82

 

$1.67

 

$1.67



As discussed in more detail in Note 1 to the financial statements, operating results for 2013 and 2012 include a $321.5 million ($202.2 million after-tax) and $355.5 million ($223.5 million after-tax), respectively, of impairment and other related charges primarily to write down the carrying value of Vermont Yankee and related assets to their fair values. Also, as discussed in more detail in Note 13 to the financial statements, operating results include approximately $110 million ($70 million after-tax) in costs in 2013 associated with the human capital management strategic initiative, primarily implementation costs, severance expenses, pension curtailment losses, and special termination benefits expense. In December 2013, Entergy deferred for future recovery approximately $45 million ($30 million after-tax) of these costs in the Arkansas and Louisiana jurisdictions, as approved by the APSC and the LPSC, respectively.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2013 and 2012 were:
Operating Revenues
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$542,392

 

$419,955

 

$606,085

 

$291,641

 

$146,466

 

$306,173

 

$168,578

Second Quarter

$508,653

 

$492,361

 

$635,805

 

$326,039

 

$142,841

 

$455,100

 

$172,177

Third Quarter

$647,671

 

$558,331

 

$782,789

 

$397,833

 

$178,641

 

$526,978

 

$192,679

Fourth Quarter

$491,443

 

$470,486

 

$602,256

 

$319,027

 

$152,208

 

$440,548

 

$201,655

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$475,178

 

$399,622

 

$482,358

 

$261,760

 

$129,156

 

$326,924

 

$126,034

Second Quarter

$502,022

 

$401,356

 

$561,787

 

$277,204

 

$129,244

 

$358,067

 

$113,699

Third Quarter

$656,201

 

$434,451

 

$614,044

 

$321,771

 

$161,565

 

$489,078

 

$188,680

Fourth Quarter

$493,603

 

$419,465

 

$491,254

 

$259,631

 

$149,775

 

$407,427

 

$193,705


Operating Income (Loss)
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$43,314

 

$52,083

 

$64,728

 

$37,123

 

$4,272

 

$26,277

 

$52,052

Second Quarter

$80,942

 

$53,856

 

$88,691

 

$46,809

 

$3,627

 

$38,355

 

$51,632

Third Quarter

$157,681

 

$85,284

 

$145,847

 

$70,186

 

$15,895

 

$79,430

 

$52,029

Fourth Quarter

$23,123

 

$56,114

 

$56,128

 

$36,112

 

$3,070

 

$30,071

 

$47,367

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,816

 

$55,226

 

$36,142

 

$28,338

 

$3,250

 

$25,063

 

$35,456

Second Quarter

$87,899

 

$56,037

 

($41,253
)
 

$42,225

 

$10,009

 

$48,983

 

$38,245

Third Quarter

$152,836

 

$85,561

 

$121,725

 

$59,331

 

$19,565

 

$61,234

 

$58,934

Fourth Quarter

$26,833

 

$52,138

 

$32,397

 

$30,621

 

$3,066

 

$34,533

 

$58,776


Net Income (Loss)
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,719

 

$27,165

 

$45,376

 

$13,934

 

$1,307

 

$922

 

$28,006

Second Quarter

$40,483

 

$29,720

 

$61,377

 

$18,954

 

$598

 

$10,953

 

$27,734

Third Quarter

$82,577

 

$62,642

 

$100,597

 

$33,813

 

$8,086

 

$35,801

 

$35,105

Fourth Quarter

$24,169

 

$42,135

 

$45,114

 

$15,458

 

$1,692

 

$10,205

 

$22,819

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$13,874

 

$28,358

 

$33,295

 

$8,682

 

$40

 

$1,745

 

$26,536

Second Quarter

$45,755

 

$50,389

 

$130,714

 

$15,914

 

$7,186

 

$16,204

 

$35,368

Third Quarter

$82,551

 

$50,210

 

$80,208

 

$27,080

 

$10,555

 

$19,234

 

$30,616

Fourth Quarter

$10,185

 

$30,020

 

$36,864

 

($4,908
)
 

($716
)
 

$4,788

 

$19,346



Earnings (Loss) Applicable to Common Equity
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
First Quarter

$13,001

 

$26,959

 

$43,638

 

$13,227

 

$1,066

Second Quarter

$38,765

 

$29,514

 

$59,639

 

$18,247

 

$357

Third Quarter

$80,859

 

$62,436

 

$98,859

 

$33,106

 

$7,845

Fourth Quarter

$22,450

 

$41,928

 

$43,378

 

$14,751

 

$1,450

2012:
 
 
 
 
 
 
 
 
 
First Quarter

$12,156

 

$28,152

 

$31,557

 

$7,975

 

($201
)
Second Quarter

$44,037

 

$50,183

 

$128,976

 

$15,207

 

$6,945

Third Quarter

$80,833

 

$50,004

 

$78,470

 

$26,373

 

$10,314

Fourth Quarter

$8,466

 

$29,813

 

$35,128

 

($5,615
)
 

($958
)
System Energy [Member]
  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2013 and 2012 for Entergy Corporation and subsidiaries were:
 
Operating
Revenues
 
Operating
Income
(Loss)
 
Consolidated
Net Income
(Loss)
 
Net Income
(Loss)
Attributable to
Entergy
Corporation
 
(In Thousands)
2013:
 
 
 
First Quarter

$2,608,874

 

$394,045

 

$166,982

 

$161,400

Second Quarter

$2,738,208

 

$346,512

 

$168,055

 

$163,723

Third Quarter

$3,351,959

 

$388,894

 

$244,182

 

$239,850

Fourth Quarter

$2,691,906

 

$225,548

 

$151,353

 

$146,929

2012:
 
 
 
First Quarter

$2,383,659

 

($56,857
)
 

($146,740
)
 

($151,683
)
Second Quarter

$2,518,600

 

$342,984

 

$370,583

 

$365,001

Third Quarter

$2,963,560

 

$690,852

 

$342,670

 

$337,088

Fourth Quarter

$2,436,260

 

$324,202

 

$301,850

 

$296,267


Earnings per Average Common Share
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
First Quarter

$0.91

 

$0.90

 

($0.86
)
 

($0.86
)
Second Quarter

$0.92

 

$0.92

 

$2.06

 

$2.06

Third Quarter

$1.35

 

$1.34

 

$1.90

 

$1.89

Fourth Quarter

$0.82

 

$0.82

 

$1.67

 

$1.67



As discussed in more detail in Note 1 to the financial statements, operating results for 2013 and 2012 include a $321.5 million ($202.2 million after-tax) and $355.5 million ($223.5 million after-tax), respectively, of impairment and other related charges primarily to write down the carrying value of Vermont Yankee and related assets to their fair values. Also, as discussed in more detail in Note 13 to the financial statements, operating results include approximately $110 million ($70 million after-tax) in costs in 2013 associated with the human capital management strategic initiative, primarily implementation costs, severance expenses, pension curtailment losses, and special termination benefits expense. In December 2013, Entergy deferred for future recovery approximately $45 million ($30 million after-tax) of these costs in the Arkansas and Louisiana jurisdictions, as approved by the APSC and the LPSC, respectively.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter.  Operating results for the Registrant Subsidiaries for the four quarters of 2013 and 2012 were:
Operating Revenues
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$542,392

 

$419,955

 

$606,085

 

$291,641

 

$146,466

 

$306,173

 

$168,578

Second Quarter

$508,653

 

$492,361

 

$635,805

 

$326,039

 

$142,841

 

$455,100

 

$172,177

Third Quarter

$647,671

 

$558,331

 

$782,789

 

$397,833

 

$178,641

 

$526,978

 

$192,679

Fourth Quarter

$491,443

 

$470,486

 

$602,256

 

$319,027

 

$152,208

 

$440,548

 

$201,655

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$475,178

 

$399,622

 

$482,358

 

$261,760

 

$129,156

 

$326,924

 

$126,034

Second Quarter

$502,022

 

$401,356

 

$561,787

 

$277,204

 

$129,244

 

$358,067

 

$113,699

Third Quarter

$656,201

 

$434,451

 

$614,044

 

$321,771

 

$161,565

 

$489,078

 

$188,680

Fourth Quarter

$493,603

 

$419,465

 

$491,254

 

$259,631

 

$149,775

 

$407,427

 

$193,705


Operating Income (Loss)
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$43,314

 

$52,083

 

$64,728

 

$37,123

 

$4,272

 

$26,277

 

$52,052

Second Quarter

$80,942

 

$53,856

 

$88,691

 

$46,809

 

$3,627

 

$38,355

 

$51,632

Third Quarter

$157,681

 

$85,284

 

$145,847

 

$70,186

 

$15,895

 

$79,430

 

$52,029

Fourth Quarter

$23,123

 

$56,114

 

$56,128

 

$36,112

 

$3,070

 

$30,071

 

$47,367

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$39,816

 

$55,226

 

$36,142

 

$28,338

 

$3,250

 

$25,063

 

$35,456

Second Quarter

$87,899

 

$56,037

 

($41,253
)
 

$42,225

 

$10,009

 

$48,983

 

$38,245

Third Quarter

$152,836

 

$85,561

 

$121,725

 

$59,331

 

$19,565

 

$61,234

 

$58,934

Fourth Quarter

$26,833

 

$52,138

 

$32,397

 

$30,621

 

$3,066

 

$34,533

 

$58,776


Net Income (Loss)
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$14,719

 

$27,165

 

$45,376

 

$13,934

 

$1,307

 

$922

 

$28,006

Second Quarter

$40,483

 

$29,720

 

$61,377

 

$18,954

 

$598

 

$10,953

 

$27,734

Third Quarter

$82,577

 

$62,642

 

$100,597

 

$33,813

 

$8,086

 

$35,801

 

$35,105

Fourth Quarter

$24,169

 

$42,135

 

$45,114

 

$15,458

 

$1,692

 

$10,205

 

$22,819

2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter

$13,874

 

$28,358

 

$33,295

 

$8,682

 

$40

 

$1,745

 

$26,536

Second Quarter

$45,755

 

$50,389

 

$130,714

 

$15,914

 

$7,186

 

$16,204

 

$35,368

Third Quarter

$82,551

 

$50,210

 

$80,208

 

$27,080

 

$10,555

 

$19,234

 

$30,616

Fourth Quarter

$10,185

 

$30,020

 

$36,864

 

($4,908
)
 

($716
)
 

$4,788

 

$19,346



Earnings (Loss) Applicable to Common Equity
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
(In Thousands)
2013:
 
 
 
 
 
 
 
 
 
First Quarter

$13,001

 

$26,959

 

$43,638

 

$13,227

 

$1,066

Second Quarter

$38,765

 

$29,514

 

$59,639

 

$18,247

 

$357

Third Quarter

$80,859

 

$62,436

 

$98,859

 

$33,106

 

$7,845

Fourth Quarter

$22,450

 

$41,928

 

$43,378

 

$14,751

 

$1,450

2012:
 
 
 
 
 
 
 
 
 
First Quarter

$12,156

 

$28,152

 

$31,557

 

$7,975

 

($201
)
Second Quarter

$44,037

 

$50,183

 

$128,976

 

$15,207

 

$6,945

Third Quarter

$80,833

 

$50,004

 

$78,470

 

$26,373

 

$10,314

Fourth Quarter

$8,466

 

$29,813

 

$35,128

 

($5,615
)
 

($958
)