Exhibit 2
ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
For the Nine Months Ended Septmeber 30, 2000
(Unaudited)
(Thousands)
OPERATING REVENUES
Domestic electric $5,402,657
Natural gas 96,107
Competitive businesses 1,882,071
----------
TOTAL 7,380,835
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OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale 1,756,972
Purchased power 2,030,210
Nuclear refueling outage expenses 53,625
Other operation and maintenance 1,332,012
Decommissioning 28,611
Taxes other than income taxes 266,346
Depreciation and amortization 545,991
Other regulatory credits-net 27,311
Amortization of rate deferrals 25,776
---------
TOTAL 6,066,854
---------
OPERATING INCOME 1,313,981
---------
OTHER INCOME
Allowance for equity funds used during
construction 24,898
Gain on sale of assets - net 21,291
Miscellaneous - net 156,505
---------
TOTAL 202,694
---------
INTEREST AND OTHER CHARGES
Interest on long-term debt 353,585
Other interest - net 66,227
Distributions on preferred securities of
subsidiaries 14,128
Allowance for borrowed funds used during
construction (18,753)
---------
TOTAL 415,187
---------
INCOME BEFORE INCOME TAXES 1,101,488
Income taxes 440,616
---------
CONSOLIDATED NET INCOME 660,872
Preferred dividend requirements and other 24,886
---------
EARNINGS APPLICABLE TO
COMMON STOCK $635,986
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<PAGE>
Exhibit 2
ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
ASSETS
September 30, 2000
(Unaudited)
(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash $111,255
Temporary cash investments - at cost,
which approximates market 1,120,292
Special deposits 1,542
----------
Total cash and cash equivalents 1,233,089
----------
Other temporary investments - at cost,
which approximates market 21,897
Notes receivable 4,166
Accounts receivable:
Customer 543,708
Allowance for doubtful accounts (9,007)
Other 373,228
Accrued unbilled revenues 433,784
----------
Total receivables 1,341,713
----------
Deferred fuel costs 539,000
Fuel inventory - at average cost 121,079
Materials and supplies - at average cost 362,807
Rate deferrals 19,797
Deferred nuclear refueling outage costs 28,621
Prepayments and other 77,285
----------
TOTAL 3,749,454
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OTHER PROPERTY AND INVESTMENTS
Investment in subsidiary companies - at equity 214
Decommissioning trust funds 1,354,785
Non-utility property - at cost (less accumulated
depreciation) 330,699
Non-regulated investments 300,691
Other - at cost (less accumulated depreciation) 22,368
----------
TOTAL 2,008,757
----------
UTILITY PLANT
Electric 23,672,355
Plant acquisition adjustment 394,731
Property under capital lease 768,135
Natural gas 190,895
Construction work in progress 1,938,654
Nuclear fuel under capital lease 271,021
Nuclear fuel 81,662
-----------
TOTAL UTILITY PLANT 27,317,453
Less - accumulated depreciation and amortization 11,403,267
-----------
UTILITY PLANT - NET 15,914,186
-----------
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Rate deferrals 1,402
SFAS 109 regulatory asset - net 1,002,350
Unamortized loss on reacquired debt 188,025
Other regulatory assets 703,639
Long-term receivables 30,281
Other 429,009
-----------
TOTAL 2,354,706
-----------
TOTAL ASSETS $24,027,103
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<PAGE>
Exhibit 2
ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
LIABILITIES
September 30, 2000
(Unaudited)
(In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt $406,858
Notes payable 1,036
Accounts payable 866,587
Customer deposits 168,163
Taxes accrued 773,641
Accumulated deferred income taxes 159,730
Nuclear refueling outage costs 6,854
Interest accrued 155,748
Co-owner advances 5,121
Obligations under capital leases 176,224
Other 213,668
-----------
TOTAL 2,933,630
-----------
DEFERRED CREDITS AND OTHER LIABILITIES
Accumulated deferred income taxes 3,188,681
Accumulated deferred investment tax credits 500,229
Obligations under capital leases 181,825
FERC settlement - refund obligation 32,471
Other regulatory liabilities 252,173
Decommissioning 737,269
Transition to competition 201,797
Regulatory reserves 341,551
Accumulated provisions 292,294
Other 566,489
-----------
TOTAL 6,294,779
-----------
Long-term debt 7,106,769
Preferred stock with sinking fund 69,650
Company-obligated mandatorily redeemable
preferred securities of subsidiary trusts holding
solely junior subordinated deferrable debentures 215,000
SHAREHOLDERS' EQUITY
Preferred stock without sinking fund 331,240
Common stock, $.01 par value, authorized
500,000,000
shares; issued 247,172,239 shares in 2000 2,472
Paid-in capital 4,636,811
Retained earnings 3,216,395
Accumulated other comprehensive loss:
Cumulative foreign currency translation
adjustment (71,081)
Net unrealized investment losses 6,588
Less - treasury stock, at cost (27,040,581 shares
in 2000) 715,150
-----------
TOTAL 7,407,275
-----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $24,027,103
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