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Equity (Tables)
 9 Months Ended
Sep. 30, 2019
Schedule Of Earnings Per Share Basic And Diluted
The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:
 
For the Three Months Ended September 30,
 
2019
 
2018
 
(In Millions, Except Per Share Data)
 
Income
 
Shares
 
$/share
 
Income
 
Shares
 
$/share
Basic earnings per share
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Entergy Corporation

$365.2

 
198.9

 

$1.84

 

$536.4

 
181.0

 

$2.96

Average dilutive effect of:
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
0.7

 
(0.01
)
 
 
 
0.4

 
(0.01
)
Other equity plans
 
 
0.9

 
(0.01
)
 
 
 
0.8

 
(0.01
)
Equity forwards
 
 
—

 
—

 
 
 
1.5

 
(0.02
)
Diluted earnings per share

$365.2

 
200.5

 

$1.82

 

$536.4

 
183.7

 

$2.92


The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.1 million for the three months ended September 30, 2018.
 
For the Nine Months Ended September 30,
 
2019
 
2018
 
(In Millions, Except Per Share Data)
 
Income
 
Shares
 
$/share
 
Income
 
Shares
 
$/share
Basic earnings per share
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Entergy Corporation

$856.2

 
193.9

 

$4.42

 

$914.6

 
180.8

 

$5.06

Average dilutive effect of:
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
0.5

 
(0.01
)
 
 
 
0.3

 
(0.01
)
Other equity plans
 
 
0.7

 
(0.02
)
 
 
 
0.7

 
(0.01
)
Equity forwards
 
 
0.6

 
(0.01
)
 
 
 
0.9

 
(0.03
)
Diluted earnings per share

$856.2

 
195.7

 

$4.38

 

$914.6

 
182.7

 

$5.01



The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 0.2 million for the nine months ended September 30, 2019 and approximately 1.1 million for the nine months ended September 30, 2018.
Schedule of Accumulated Other Comprehensive Income (Loss) The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 30, 2019 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 
Net
unrealized
investment
gain (loss)
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
Beginning balance, July 1, 2019

$51,736

 

($508,876
)
 

$26,736

 

($430,404
)
Other comprehensive income (loss) before reclassifications
(5,190
)
 
—

 
8,350

 
3,160

Amounts reclassified from accumulated other comprehensive income (loss)
(14,913
)
 
25,464

 
(3,079
)
 
7,472

Net other comprehensive income (loss) for the period
(20,103
)
 
25,464

 
5,271

 
10,632

Ending balance, September 30, 2019

$31,633

 

($483,412
)
 

$32,007

 

($419,772
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended September 30, 2018 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 
Net
unrealized
investment
gain (loss)
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
Beginning balance, July 1, 2018

($14,874
)
 

($589,926
)
 

($8,842
)
 

($613,642
)
Other comprehensive income (loss) before reclassifications
(40,401
)
 
—

 
(7,173
)
 
(47,574
)
Amounts reclassified from accumulated other comprehensive income (loss)
8,397

 
15,265

 
5,428

 
29,090

Net other comprehensive income (loss) for the period
(32,004
)
 
15,265

 
(1,745
)
 
(18,484
)
Ending balance, September 30, 2018

($46,878
)
 

($574,661
)
 

($10,587
)
 

($632,126
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2019 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 
Net
unrealized
investment
gain (loss)
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
Ending balance, December 31, 2018

($23,135
)
 

($531,922
)
 

($2,116
)
 

($557,173
)
Implementation of accounting standards
(7,685
)
 
—

 
879

 
(6,806
)
Beginning balance, January 1, 2019

($30,820
)
 

($531,922
)
 

($1,237
)
 

($563,979
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
122,481

 
—

 
37,724

 
160,205

Amounts reclassified from accumulated other comprehensive income (loss)
(60,028
)
 
48,510

 
(4,480
)
 
(15,998
)
Net other comprehensive income (loss) for the period
62,453

 
48,510

 
33,244

 
144,207

Ending balance, September 30, 2019

$31,633

 

($483,412
)
 

$32,007

 

($419,772
)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the nine months ended September 30, 2018 by component:
 
Cash flow
hedges
net
unrealized
gain (loss)
 
Pension
and
other
postretirement
liabilities
 
Net
unrealized
investment
gain (loss)
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In Thousands)
Ending balance, December 31, 2017

($37,477
)
 

($531,099
)
 

$545,045

 

($23,531
)
Implementation of accounting standards
—

 
—

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

($37,477
)
 

($531,099
)
 

($87,572
)
 

($656,148
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
(31,816
)
 
—

 
(50,958
)
 
(82,774
)
Amounts reclassified from accumulated other comprehensive income (loss)
30,171

 
47,404

 
13,716

 
91,291

Net other comprehensive income (loss) for the period
(1,645
)
 
47,404

 
(37,242
)
 
8,517

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

 
15,505

 
 
 
 
 
 
 
 
Ending balance, September 30, 2018

($46,878
)
 

($574,661
)
 

($10,587
)
 

($632,126
)
Reclassification out of Accumulated Other Comprehensive Income
    
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the three months ended September 30, 2019 and 2018 are as follows:

Amounts reclassified
from AOCI

Income Statement Location
 
2019
 
2018
 
 

(In Thousands)


Cash flow hedges net unrealized gain (loss)

 
 


   Power contracts

$18,925

 

($10,566
)

Competitive business operating revenues
   Interest rate swaps
(48
)
 
(63
)

Miscellaneous - net
Total realized gain (loss) on cash flow hedges
18,877

 
(10,629
)



(3,964
)
 
2,232


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

$14,913

 

($8,397
)





 
 


Pension and other postretirement liabilities


 
 


   Amortization of prior-service credit

$5,325

 

$5,425


(a)
   Amortization of loss
(20,919
)
 
(24,740
)

(a)
   Settlement loss
(16,630
)
 
(76
)

(a)
Total amortization
(32,224
)
 
(19,391
)



6,760

 
4,126


Income taxes
Total amortization (net of tax)

($25,464
)
 

($15,265
)




 
 


Net unrealized investment gain (loss)

 
 


Realized gain (loss)

$4,872

 

($8,589
)

Interest and investment income

(1,793
)
 
3,161


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

$3,079

 

($5,428
)





 
 


Total reclassifications for the period (net of tax)

($7,472
)
 

($29,090
)




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

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the nine months ended September 30, 2019 and 2018 are as follows:
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
2019
 
2018
 
 
 
(In Thousands)
 
 
Cash flow hedges net unrealized gain (loss)
 
 
 
 
 
   Power contracts

$76,129

 

($37,913
)
 
Competitive business operating revenues
   Interest rate swaps
(145
)
 
(278
)
 
Miscellaneous - net
Total realized gain (loss) on cash flow hedges
75,984

 
(38,191
)
 
 
 
(15,956
)
 
8,020

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

$60,028

 

($30,171
)
 
 
 
 
 
 
 
 
Pension and other postretirement liabilities
 
 
 
 
 
   Amortization of prior-service credit

$15,977

 

$16,278

 
(a)
   Amortization of loss
(58,888
)
 
(74,503
)
 
(a)
   Settlement loss
(18,685
)
 
(2,098
)
 
(a)
Total amortization
(61,596
)
 
(60,323
)
 
 
 
13,086

 
12,919

 
Income taxes
Total amortization (net of tax)

($48,510
)
 

($47,404
)
 
 
 
 
 
 
 
 
Net unrealized investment gain (loss)
 
 
 
 
 
Realized gain (loss)

$7,088

 

($21,703
)
 
Interest and investment income
 
(2,608
)
 
7,987

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

$4,480

 

($13,716
)
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)

$15,998

 

($91,291
)
 
 

(a)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.
Entergy Louisiana [Member]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the three months ended September 30, 2019 and 2018:
 
 
Pension and Other
Postretirement Liabilities
 
 
2019
 
2018
 
 
(In Thousands)
Beginning balance, July 1,
 

($8,091
)
 

($57,451
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(969
)
 
(500
)
Net other comprehensive income (loss) for the period
 
(969
)
 
(500
)
Ending balance, September 30,
 

($9,060
)
 

($57,951
)

    
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the nine months ended September 30, 2019 and 2018:
 
 
Pension and Other
Postretirement Liabilities
 
 
2019
 
2018
 
 
(In Thousands)
Beginning balance, January 1,
 

($6,153
)
 

($46,400
)
Amounts reclassified from accumulated other
comprehensive income (loss)
 
(2,907
)
 
(1,502
)
Net other comprehensive income (loss) for the period
 
(2,907
)
 
(1,502
)
 
 
 
 
 
Reclassification pursuant to ASU 2018-02
 
—

 
(10,049
)
 
 
 
 
 
Ending balance, September 30,
 

($9,060
)
 

($57,951
)
Reclassification out of Accumulated Other Comprehensive Income

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the three months ended September 30, 2019 and 2018 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
2019
 
2018
 
 
 
 
(In Thousands)
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
   Amortization of prior-service credit
 

$1,837

 

$1,934

 
(a)
   Amortization of loss
 
(526
)
 
(1,257
)
 
(a)
Total amortization
 
1,311

 
677

 
 
 
 
(342
)
 
(177
)
 
Income taxes
Total amortization (net of tax)
 
969

 
500

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

$969

 

$500

 
 


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

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the nine months ended September 30, 2019 and 2018 are as follows:
 
 
Amounts reclassified
from AOCI
 
Income Statement Location
 
 
2019
 
2018
 
 
 
 
(In Thousands)
 
 
Pension and other postretirement liabilities
 
 
 
 
 
 
   Amortization of prior-service credit
 

$5,511

 

$5,802

 
(a)
   Amortization of loss
 
(1,578
)
 
(3,770
)
 
(a)
Total amortization
 
3,933

 
2,032

 
 
 
 
(1,026
)
 
(530
)
 
Income taxes
Total amortization (net of tax)
 
2,907

 
1,502

 
 
 
 
 
 
 
 
 
Total reclassifications for the period (net of tax)
 

$2,907

 

$1,502

 
 


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