XML 67 R30.htm IDEA: XBRL DOCUMENT v3.19.2
Business Segment Information (Tables) - Entergy Corporation [Member]
 6 Months Ended
Jun. 30, 2019
Segment Financial Information
Entergy’s segment financial information for the second quarters of 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,376,437

 

$289,783

 

$2

 

($13
)
 

$2,666,209

Income taxes
 

$21,150

 

($9,290
)
 

($10,402
)
 

$—

 

$1,458

Consolidated net income (loss)
 

$334,752

 

($25,382
)
 

($36,939
)
 

($31,898
)
 

$240,533

2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,360,208

 

$308,602

 

$—

 

($40
)
 

$2,668,770

Income taxes
 

($240,324
)
 

($30,144
)
 

($10,128
)
 

$—

 

($280,596
)
Consolidated net income (loss)
 

$378,394

 

($56,337
)
 

($41,299
)
 

($31,898
)
 

$248,860


Entergy’s segment financial information for the six months ended June 30, 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,552,419
 
$723,394
 
$2
 
($23)
 
$5,275,792
Income taxes
 
$9,586
 
$56,618
 
($21,975)
 

$—

 
$44,229
Consolidated net income (loss)
 
$568,900
 
$71,697
 
($77,620)
 
($63,797)
 
$499,180
Total assets as of June 30, 2019
 
$47,297,832
 
$5,211,771
 
$493,962
 
($2,437,820)
 
$50,565,745
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,665,197
 
$727,526
 

$—

 
($73)
 
$5,392,650
Income taxes
 
($188,100)
 
($31,222)
 
($17,611)
 

$—

 
($236,933)
Consolidated net income (loss)
 
$596,333
 
($74,116)
 
($73,361)
 
($63,797)
 
$385,059
Total assets as of December 31, 2018
 
$44,777,167
 
$5,459,275
 
$733,366
 
($2,694,742)
 
$48,275,066

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
Restructuring and Related Costs [Table Text Block]
Total restructuring charges for the second quarters of 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of April 1,

$213

 

$14

 

$227

 

$109

 

$14

 

$123

Restructuring costs accrued
22

 
—

 
22

 
34

 
—

 
34

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $16 million in the second quarter 2019 and $69 million in the second quarter 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1,

$179

 

$14

 

$193

 

$83

 

$14

 

$97

Restructuring costs accrued
56

 
—

 
56

 
60

 
—

 
60

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $90 million in the six months ended June 30, 2019 and $142 million in the six months ended June 30, 2018 of impairment and other related charges associated with these strategic decisions and transactions.