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Exhibit 2
ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
For the Six Months Ended June 30, 2000
(Unaudited)
(Thousands)
OPERATING REVENUES
Domestic electric $3,017,570
Natural gas 74,292
Competitive businesses 857,418
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TOTAL 3,949,280
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OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale 962,190
Purchased power 872,064
Nuclear refueling outage expenses 35,186
Other operation and maintenance 827,634
Decommissioning 17,106
Taxes other than income taxes 163,158
Depreciation and amortization 357,025
Other regulatory credits-net
(20,506)
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Amortization of rate deferrals 15,279
TOTAL 3,229,136
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OPERATING INCOME 720,144
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OTHER INCOME
Allowance for equity funds used during construction 15,735
Gain on sale of assets - net 21,574
Miscellaneous - net 102,633
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TOTAL 139,942
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INTEREST AND OTHER CHARGES
Interest on long-term debt 232,121
Other interest - net 43,652
Distributions on preferred securities of subsidiaries 9,419
Allowance for borrowed funds used during construction (11,977)
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TOTAL 273,215
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INCOME BEFORE INCOME TAXES 586,871
Income taxes 232,688
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CONSOLIDATED NET INCOME 354,183
Preferred dividend requirements and other 18,131
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EARNINGS APPLICABLE TO
COMMON STOCK $336,052
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<PAGE>
Exhibit 2
ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
ASSETS
June 30, 2000
(Unaudited)
(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash $156,068
Temporary cash investments - at cost,
which approximates market 1,637,028
Special deposits 3,978
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Total cash and cash equivalents 1,797,074
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Other temporary investments - at cost,
which approximates market 23,100
Notes receivable 3,643
Accounts receivable:
Customer 299,948
Allowance for doubtful accounts (9,007)
Other 354,719
Accrued unbilled revenues 375,983
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Total receivables 1,021,643
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Deferred fuel costs 394,875
Fuel inventory - at average cost 122,835
Materials and supplies - at average cost 358,217
Rate deferrals 24,265
Deferred nuclear refueling outage costs 33,708
Prepayments and other 101,796
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TOTAL 3,881,156
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OTHER PROPERTY AND INVESTMENTS
Investment in subsidiary companies - at equity 214
Decommissioning trust funds 1,284,301
Non-utility property-at cost(less accumulated depreciation) 327,191
Non-regulated investments 264,442
Other - at cost (less accumulated depreciation) 22,145
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TOTAL 1,898,293
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UTILITY PLANT
Electric 23,421,808
Plant acquisition adjustment 398,797
Property under capital lease 771,466
Natural gas 190,000
Construction work in progress 1,960,517
Nuclear fuel under capital lease 262,996
Nuclear fuel 109,098
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TOTAL UTILITY PLANT 27,114,682
Less - accumulated depreciation and amortization 11,248,370
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UTILITY PLANT - NET 15,866,312
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DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Rate deferrals 7,430
SFAS 109 regulatory asset - net 1,031,503
Unamortized loss on reacquired debt 192,493
Other regulatory assets 706,401
Long-term receivables 30,970
Other 709,718
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TOTAL 2,678,515
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TOTAL ASSETS $24,324,276
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<PAGE>
Exhibit 2
ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
ASSETS
June 30, 2000
(Unaudited)
(In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt $194,108
Notes payable 435,716
Accounts payable 796,560
Customer deposits 164,986
Taxes accrued 580,593
Accumulated deferred income taxes 115,987
Nuclear refueling outage costs 2,329
Interest accrued 153,388
Co-owner advances 14,382
Obligations under capital leases 175,466
Other 173,865
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TOTAL 2,807,380
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DEFERRED CREDITS AND OTHER LIABILITIES
Accumulated deferred income taxes 3,224,430
Accumulated deferred investment tax credits 506,142
Obligations under capital leases 177,874
FERC settlement - refund obligation 34,143
Other regulatory liabilities 225,843
Decommissioning 725,858
Transition to competition 176,722
Regulatory reserves 415,420
Accumulated provisions 280,378
Other 818,711
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TOTAL 6,585,521
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Long-term debt 7,378,602
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 335,961
Common stock, $.01 par value, authorized
500,000,000 shares; issued 247,172,239 shares in 2000 2,472
Paid-in capital 4,636,407
Retained earnings 2,982,495
Accumulated other comprehensive loss:
Cumulative foreign currency translation adjustment (69,811)
Net unrealized investment losses (6,275)
Less - treasury stock, at cost (23,709,144 shares in 2000) 613,126
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TOTAL 7,268,123
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TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $24,324,276
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