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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date earliest event reported) July 8, 2022

Commission
File Number
Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No.

Commission
File Number
Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No.
1-11299ENTERGY CORPORATION1-35747ENTERGY NEW ORLEANS, LLC
(a Delaware corporation)
639 Loyola Avenue
New Orleans, Louisiana 70113
Telephone (504) 576-4000
(a Texas limited liability company)
1600 Perdido Street
New Orleans, Louisiana 70112
Telephone (504) 670-3700
72-122975282-2212934
1-10764ENTERGY ARKANSAS, LLC1-34360ENTERGY TEXAS, INC.
(a Texas limited liability company)
425 West Capitol Avenue
Little Rock, Arkansas 72201
Telephone (501) 377-4000
(a Texas corporation)
2107 Research Forest Drive
The Woodlands, Texas 77380
Telephone (409) 981-2000
83-191866861-1435798
1-32718ENTERGY LOUISIANA, LLC1-09067SYSTEM ENERGY RESOURCES, INC.
(a Texas limited liability company)
4809 Jefferson Highway
Jefferson, Louisiana 70121
Telephone (504) 576-4000
(an Arkansas corporation)
1340 Echelon Parkway
Jackson, Mississippi 39213
Telephone (601) 368-5000
47-446964672-0752777
1-31508ENTERGY MISSISSIPPI, LLC
(a Texas limited liability company)
308 East Pearl Street
Jackson, Mississippi 39201
Telephone (601) 368-5000
83-1950019
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Securities registered pursuant to Section 12(b) of the Act:
RegistrantTitle of ClassTrading
Symbol
Name of Each Exchange
on Which Registered
Entergy Corporation
Common Stock, $0.01 Par Value
ETR
New York Stock Exchange
Common Stock, $0.01 Par Value
ETR
NYSE Chicago, Inc.
 
 
 
Entergy Arkansas, LLC
Mortgage Bonds, 4.875% Series due September 2066
EAI
New York Stock Exchange
 
 
 
Entergy Louisiana, LLC
Mortgage Bonds, 4.875% Series due September 2066
ELC
New York Stock Exchange
 
 
 
Entergy Mississippi, LLC
Mortgage Bonds, 4.90% Series due October 2066
EMP
New York Stock Exchange
 
 
 
Entergy New Orleans, LLC
Mortgage Bonds, 5.0% Series due December 2052
ENJ
New York Stock Exchange
Mortgage Bonds, 5.50% Series due April 2066
ENO
New York Stock Exchange
 
 
 
Entergy Texas, Inc.
5.375% Series A Preferred Stock, Cumulative, No Par Value (Liquidation Value $25 Per Share)
ETI/PR
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     




Item 7.01 Regulation FD Disclosure.

On July 8, 2022, Entergy Corporation published on its website the 2021 Entergy Statistical Report and Investor Guide (the “Investor Guide”). The Investor Guide is a compilation of financial and operating data, financial metrics and other information about Entergy and its subsidiaries. The Investor Guide is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in this Current Report on Form 8-K is being furnished, not filed, pursuant to Regulation FD.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.Description
99.1
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document






SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.


Entergy Corporation
Entergy Arkansas, LLC
Entergy Louisiana, LLC
Entergy Mississippi, LLC
Entergy New Orleans, LLC
Entergy Texas, Inc.
System Energy Resources, Inc.


By: /s/ Marcus V. Brown
Marcus V. Brown
Executive Vice President and
General Counsel

Dated: July 8, 2022


Document


https://cdn.kscope.io/a7fe3d23e9e7310df3c5966f3409ff87-logo.jpg
ENTERGY STATISTICAL REPORT
AND INVESTOR GUIDE
2021




Our Vision: We Power Life
Our Mission: We exist to grow a world-class energy business that creates sustainable value for our four key stakeholders – our customers, our employees, our communities, and our owners.
Entergy Corporation, a Fortune 500 company headquartered in New Orleans, powers life for 3 million customers across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,500 employees are dedicated to powering life today and for future generations.
We have assembled the statistics and facts in this report to support your review and analysis of Entergy’s results over the last three years.

This information is available in two electronic files, Excel and PDF, in order to facilitate easier access and analysis.
Entergy Investor Relations




TABLE OF CONTENTSNote: The Excel Tab labels correspond to the page numbers
in the PDF version of the 2021 report.
Excel TabExcel Tab
ABOUT THIS PUBLICATIONPage 2   Utility Securities DetailPages 31 – 34
FORWARD-LOOKING INFORMATIONPage 2        Utility Long-Term Debt and Preferred Stock Page 31
REGULATION G COMPLIANCEPage 2            Entergy Arkansas, LLCPage 31
ENTERGY AT A GLANCEPages 3 – 4            Entergy Utility Holding Company, LLCPage 31
            Entergy Louisiana, LLCPage 32
ENTERGY CORPORATION AND SUBSIDIARIES            Entergy Mississippi, LLCPage 33
  Selected Financial and Operating DataPage 5            Entergy New Orleans, LLCPage 33
     Selected Financial DataPage 5            Entergy Texas, Inc.Page 34
     Utility Electric Operating DataPage 5            System Energy Resources, Inc.Page 34
     Entergy Wholesale Commodities Operating DataPage 5   Utility Statistical InformationPages 35 – 47
     EmployeesPage 5        Utility Total CapabilityPage 35
     Owned and Leased CapabilityPage 5        Utility Selected Operating DataPage 35
    Consolidated Quarterly Financial MetricsPage 6        Utility Electric Statisitcal InformationPage 36
    Consolidated Annual Financial MetricsPage 6            Entergy Arkansas, LLCPages 37 – 38
    Financial ResultsPage 7            Entergy Louisiana, LLC Pages 39 – 40
          GAAP to Non-GAAP Reconciliations:Page 7            Entergy Mississippi, LLCPages 41 – 42
      Consolidated Quarterly ResultsPage 7            Entergy New Orleans, LLC Pages 43 – 44
      Consolidated Quarterly AdjustmentsPages 8 – 9            System Energy Resources, Inc. Page 44
      Consolidated Annual ResultsPage 10            Entergy Texas, Inc.Pages 45 – 46
      Consolidated Annual AdjustmentsPages 11 – 12        Utility Nuclear Plant StatisticsPage 47
     Consolidated Statements of OperationsPage 13   Utility Regulatory InformationPage 48
     Consolidating Income StatementPage 14        State Regulatory CommissionsPage 48
     Consolidated Balance SheetsPages 15 – 16        Commission/Council MembersPage 48
     Consolidating Balance SheetPages 17 – 18
     Consolidated Statements of Cash FlowPages 19 – 20ENTERGY WHOLESALE COMMODITIES
     Cash Flow Information by BusinessPage 20   EWC Quarterly Financial MetricsPage 49
     Consolidated Statements of Changes in EquityPage 21   EWC Annual Financial MetricsPage 49
     Consolidated Statements of ComprehensivePage 22   EWC Quarterly Operational MetricsPage 49
      Income (Loss)   EWC Annual Operational MetricsPage 49
  Consolidated Capital ExpendituresPage 23   EWC Total CapacityPage 49
     Historical Capital ExpendituresPage 23   EWC Nuclear Plant StatisticsPage 50
  Entergy Corporation Securities DetailPage 23   EWC Nuclear Plant Additional InformationPage 50
     Entergy Corporation Long-Term DebtPage 23   EWC Non-Nuclear Wholesale Assets Page 50
     Securities Ratings (Outlook)Page 23     Plant Statistics
     Preferred Member InterestsPage 23   EWC Non-Nuclear Wholesale Assets Page 50
UTILITY     Plant Emissions
   Utility Quarterly Financial MetricsPage 24   EWC Non-Nuclear Assets Securities DetailPage 51
   Utility Annual Financial MetricsPage 24   Vermont Yankee Credit Facility Page 51
   Utility Securities Ratings (Outlook)Page 24   Preferred StockPage 51
   Utility Historical Capital ExpendituresPage 24
   Utility Financial ResultsPages 25 – 30DEFINITIONS OF OPERATIONAL MEASURES AND
        Utility Consolidating Income StatementPage 25  GAAP AND NON-GAAP FINANCIAL MEASURESPage 52
        Utility Consolidating Balance SheetPages 26 – 27
        Utility Selected Annual Financial MetricsPages 28 – 30REG G RECONCILIATIONS
  Financial MeasuresPages 53 – 66
INVESTOR INFORMATIONPage 67



ABOUT THIS PUBLICATION● effects of climate change, including the potential for increases in extreme weather events
This publication is unaudited and should be used in conjunction with Entergy’s 2021and sea levels or coastal land and wetland loss;
Annual Report to Shareholders and Form 10-K filed with the Securities and Exchange● the risk that an incident at any nuclear generation facility in the U.S. could lead to the
Commission. It has been prepared for information purposes and is not intended for useassessment of significant retrospective assessments and/or retrospective insurance
in connection with any sale or purchase of, or any offer to buy, any securities of Entergypremiums as a result of Entergy’s participation in a secondary financial protection system
Corporation or its subsidiaries.and a utility industry mutual insurance company;
● changes in the quality and availability of water supplies and the related regulation of
FORWARD-LOOKING INFORMATIONwater use and diversion;
In this report and from time to time, Entergy Corporation makes statements concerning ● Entergy’s ability to manage its capital projects, including completion of projects timely
its expectations, beliefs, plans, objectives, goals, projections, strategies, and futureand within budget and to obtain the anticipated performance or other benefits, and its
events or performance. Such statements are “forward-looking statements” within theoperation and maintenance costs;
meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,”● the effects of supply chain disruptions, including those driven by the COVID-19 global
“will,” “could,” “project,” “believe,” “anticipate,” “intend,” “expect,” “estimate,” “continue,”pandemic or by trade-related governmental actions, on Entergy’s ability to complete its
“potential,” “plan,” “predict,” “forecast,” and other similar words or expressions arecapital projects in a timely and cost-effective manner;
intended to identify forward-looking statements but are not the only means to identify● Entergy’s ability to purchase and sell assets at attractive prices and on other attractive
these statements. Although Entergy believes that these forward-looking statements andterms;
the underlying assumptions are reasonable, it cannot provide assurance that they will● the economic climate, and particularly economic conditions in Entergy’s Utility service
prove correct. Any forward-looking statement is based on information current as of thearea and events and circumstances that could influence economic conditions in those areas,
date of this report and speaks only as of the date on which such statement is made. including power prices and inflation, and the risk that anticipated load growth may not
Except to the extent required by the federal securities laws, Entergy undertakes nomaterialize;
obligation to publicly update or revise any forward-looking statements, whether as a● changes to federal income tax laws and regulations, including the continued impact of the
result of new information, future events, or otherwise. Tax Cuts and Jobs Act and its intended and unintended consequences on financial
Forward-looking statements involve a number of risks and uncertainties. There areresults and future cash flows;
factors that could cause actual results to differ materially from those expressed or● the effects of Entergy’s strategies to reduce tax payments;
implied in the forward-looking statements, including (a) those factors discussed or● changes in the financial markets and regulatory requirements for the issuance of
incorporated by reference in Item 1A. Risk Factors contained in the Form 10-K forsecurities, particularly as they affect access to capital and Entergy’s ability to refinance
the year ended Dec. 31, 2021, (b) those factors discussed or incorporated by referenceexisting securities, and fund investments and acquisitions;
in Management’s Financial Discussion and Analysis contained in the Form 10-K for the● actions of rating agencies, including changes in the ratings of debt and preferred
year ended Dec. 31, 2021, and (c) the following factors (in addition to others describedstock, changes in general corporate ratings, and changes in the rating agencies’ ratings
elsewhere in this report and in subsequent securities filings):criteria;
● resolution of pending and future rate cases and related litigation, formula rate● changes in inflation and interest rates;
proceedings and related negotiations, including various performance-based rate● the effects of litigation and government investigations or proceedings;
discussions, Entergy’s utility supply plan, and recovery of fuel and purchased power costs, ● changes in technology, including (i) Entergy’s ability to implement new or emerging
as well as delays in cost recovery resulting from these proceedings;technologies, (ii) the impact of changes relating to new, developing, or alternative
● regulatory and operating challenges and uncertainties and economic risks associatedsources of generation such as distributed energy and energy storage, renewable energy,
with the Utility operating companies’ participation in MISO, including the benefits ofenergy efficiency, demand side management and other measures that reduce load and
continued MISO participation, the effect of current or projected MISO market rules andgovernment policies incentivizing development of the foregoing, and (iii) competition from
market and system conditions in the MISO markets, the allocation of MISO system other companies offering products and services to Entergy’s customers based on new or
transmission upgrade costs, the MISO-wide base rate of return on equity allowed oremerging technologies or alternative sources of generation;
any MISO-related charges and credits required by the FERC, and the effect of planning● Entergy's ability to effectively formulate and implement plans to reduce its carbon
decisions that MISO makes with respect to future transmission investments by theemission rate and aggregate carbon emissions, including its commitment to achieve
Utility operating companies;net-zero carbon emissions by 2050, and the potential impact on its business of
● changes in utility regulation, including with respect to retail and wholesale competition,attempting to achieve such objectives;
the ability to recover net utility assets and other potential stranded costs, and the● the effects, including increased security costs, of threatened or actual terrorism,
application of more stringent return on equity criteria, transmission reliabilitycyber-attacks or data security breaches, natural or man-made electromagnetic pulses
requirements or market power criteria by the FERC or the U.S. Department of Justice;that affect transmission or generation infrastructure, accidents, and war or a catastrophic
● changes in the regulation or regulatory oversight of Entergy’s owned or operated nuclearevent such as a nuclear accident or a natural gas pipeline explosion;
generating facilities and nuclear materials and fuel, and the effects of new or● the effects of a global or geopolitical event or pandemic, such as the COVID-19 global
existing safety or environmental concerns regarding nuclear power plants and fuel;pandemic and the military activities between Russia and Ukraine, including economic and
● resolution of pending or future applications, and related regulatory proceedings andsocietal disruptions; volatility in the capital markets (and any related increased cost of
litigation, for license modifications or other authorizations required of nuclear generatingcapital or any inability to access the capital markets or draw on available bank credit
facilities and the effect of public and political opposition on these applications, regulatoryfacilities); reduced demand for electricity, particularly from commercial and industrial
proceedings, and litigation;customers; increased or unrecoverable costs; supply chain, vendor, and contractor
● the performance of and deliverability of power from Entergy’s generation resources,disruptions; delays in completion of capital or other construction projects, maintenance, and
including the capacity factors at Entergy’s nuclear generating facilities;other operations activities, including prolonged or delayed outages; impacts to Entergy’s
● increases in costs and capital expenditures that could result from changing regulatory workforce availability, health, or safety; increased cybersecurity risks as a result of many
requirements, changing economic conditions, and emerging operating and industry issues,employees telecommuting; increased late or uncollectible customer payments; regulatory
and the risks related to recovery of these costs and capital expenditures from Entergy’sdelays; executive orders affecting, or increased regulation of, Entergy's business; changes
customers (especially in an increasing cost environment);in credit ratings or outlooks as a result of any of the foregoing; or other adverse impacts on
● the commitment of substantial human and capital resources required for the safe andEntergy’s ability to execute on its business strategies and initiatives or, more generally, on
reliable operation and maintenance of Entergy’s nuclear generating facilities;Entergy’s results of operations, financial condition, and liquidity;
● Entergy’s ability to develop and execute on a point of view regarding future prices of ● Entergy’s ability to attract and retain talented management, directors, and employees
electricity, natural gas, and other energy-related commodities;with specialized skills;
● the prices and availability of fuel and power Entergy must purchase for its Utility● Entergy’s ability to attract, retain and manage an appropriately qualified workforce;
customers, and Entergy’s ability to meet credit support requirements for fuel and power● changes in accounting standards and corporate governance;
supply contracts;● declines in the market prices of marketable securities and resulting funding
● volatility and changes in markets for electricity, natural gas, uranium, emissionsrequirements and the effects on benefits costs for Entergy’s defined benefit pension
allowances, and other energy-related commodities, and the effect of those changes onand other postretirement benefit plans;
Entergy and its customers;● future wage and employee benefit costs, including changes in discount rates and
● changes in law resulting from federal or state energy legislation or legislationreturns on benefit plan assets;
subjecting energy derivatives used in hedging and risk management transactions to● changes in decommissioning trust fund values or earnings or in the timing of,
governmental regulation;requirements for, or cost to decommission Entergy’s nuclear plant sites and the



● changes in environmental laws and regulations, agency positions or associated implementation of decommissioning of such sites following shutdown;
litigation, including requirements for reduced emissions of sulfur dioxide, nitrogen oxide,● the effectiveness of Entergy’s risk management policies and procedures and the
greenhouse gases, mercury, particulate matter and other regulated air emissions, heatability and willingness of its counterparties to satisfy their financial and performance
and other regulated discharges to water, requirements for waste management andcommitments; and
disposal and for the remediation of contaminated sites, wetlands protection and● Entergy and its subsidiaries' ability to successfully execute on their business
permitting, and changes in costs of compliance with environmental laws and regulations;strategies, including their ability to complete strategic transactions that they may
● changes in laws and regulations, agency positions, or associated litigation related toundertake.
protected species and associated critical habitat designations;
● the effects of changes in federal, state, or local laws and regulations, and otherREGULATION G COMPLIANCE
governmental actions or policies, including changes in monetary, fiscal, tax,Financial performance measures shown in this report include those calculated and
environmental, trade/tariff, domestic purchase requirements, or energy policies andpresented in accordance with generally accepted accounting principles (GAAP), as well
related laws, regulations, and other governmental actions;as those that are considered non-GAAP measures. This report includes non-GAAP
● the effects of full or partial shutdowns of the federal government or delays in obtaining measures of adjusted earnings; adjusted EPS; adjustments; adjusted EBITDA; adjusted
government or regulatory actions or decisions;common dividend payout ratio; adjusted ROE; gross liquidity; adjusted return on average
● uncertainty regarding the establishment of interim or permanent sites for spent nuclearmember's equity; adjusted net revenue; adjusted non-fuel O&M; total debt, excluding
fuel and nuclear waste storage and disposal and the level of spent fuel and nuclearsecuritization debt; debt to capital, excluding securitization debt; net debt to net capital,
waste disposal fees charged by the U.S. government or other providers related to suchexcluding securitization debt; parent debt to total debt, excluding securitization debt; FFO;
sites;FFO to debt, excluding securitization debt; FFO to debt excluding securitization debt, return
● variations in weather and the occurrence of hurricanes and other storms and disasters,of unprotected excess ADIT, and severance, and retention payments associated with exit
including uncertainties associated with efforts to remediate the effects of hurricanesof EWC. We have prepared reconciliations of these measures to the most directly
(including from Hurricane Laura, Hurricane Delta, Hurricane Zeta, and Hurricane Ida), icecomparable GAAP measures. Reconciliations can be found on pages 7, 10, and 53 – 66.
storms, or other weather events and the recovery of costs associated with restoration,
including accessing funded storm reserves, federal and local cost recovery mechanisms,
securitization, and insurance, as well as any related unplanned outages;



ENTERGY AT A GLANCE
STAKEHOLDER OBJECTIVES
Entergy's Mission: We exist to operate a world-class energy business that creates sustainable value for our four key stakeholders – our customers, our employees, our communities, and our owners.
● For our customers, we create value by delivering top-quartile customer experience. We work directly with customers to understand their needs and exceed their expectations while keeping rates affordable.
● For our employees, we create value by advocating for our employees to live safe, all day, every day. We strive to earn top-quartile organizational health scores. We provide a rewarding, engaging, diverse, and inclusive work environment with fair compensation and benefits while also providing opportunities for career advancement.
● For our communities, we create value by achieving top-quartile social responsibility performance. We are active in economic development, philanthropy, volunteerism, and advocacy, and we operate our business safely, resiliently, and in a socially and environmentally responsible way.
● For our owners, we create value by delivering top-quartile total shareholder returns. We are relentless in our pursuit of opportunities to optimize our business.
ENTERGY BY THE NUMBERS
GAAP revenues$11.7 billion
GAAP net Income$1.1 billion
Total assets$59.5 billion
Utility electric customers3.0 million
Interconnected high-voltage transmission lines16,100 circuit miles
Distribution lines across the utility’s 94,000-square-mile service area105,500 circuit miles
Utility billed retail electric energy sales114,744 GWh
Employees at year-end12,369
Utility owned and leased generating capability by fuel source in MW:
  Modern Gas10,508
  Nuclear5,222
  Legacy Gas6,425
  Coal2,097
  Renewables101




ENTERGY AT A GLANCE
UTILITY OPERATIONS
The Utility business segment includes the generation, transmission, distribution, and sale of electric power, and operation of a small
 natural gas distribution business.
● Five retail electric utilities with 3 million customers
● Four states – Arkansas, Louisiana, Mississippi, Texas
● 24,353 MW generating capability
● Two gas utilities with 206,000 customers
ENTERGY ARKANSAS, LLC (E-AR)
Entergy Arkansas generates, transmits, distributes, and sells electric power to 728,000 retail customers in Arkansas.
ENTERGY LOUISIANA, LLC (E-LA)
Entergy Louisiana generates, transmits, distributes, and sells electric power to 1,100,000 retail customers in Louisiana.
Entergy Louisiana also provides natural gas utility service to 96,000 customers in the Baton Rouge, Louisiana area.
ENTERGY MISSISSIPPI, LLC (E-MS)
Entergy Mississippi generates, transmits, distributes, and sells electric power to 461,000 retail customers in Mississippi.
ENTERGY NEW ORLEANS, LLC (E-NO)
Entergy New Orleans generates, transmits, distributes, and sells electric power to 209,000 retail customers in the city of New Orleans,
Louisiana. Entergy New Orleans also provides natural gas utility service to 110,000 customers in the city of New Orleans.
ENTERGY TEXAS, INC. (E-TX)
Entergy Texas generates, transmits, distributes, and sells electric power to 486,000 retail customers in Texas.
SYSTEM ENERGY RESOURCES, INC. (SERI)
System Energy owns or leases 90% of the Grand Gulf 1 nuclear generating facility. System Energy sells its power and capacity from
Grand Gulf 1 at wholesale to Entergy Arkansas (36%), Entergy Louisiana (14%), Entergy Mississippi (33%) and
Entergy New Orleans (17%).
UTILITY NUCLEAR PLANTS
Entergy owns and operates five nuclear units at four plant sites to serve its regulated utility business:
Arkansas Nuclear One (ANO) Units 1 and 2 near Russellville, Arkansas; Grand Gulf Nuclear Station Unit 1 in Port Gibson,
Mississippi; River Bend Station in St. Francisville, Louisiana and Waterford Steam Electric Station Unit 3 in Killona, Louisiana.



SELECTED FINANCIAL AND OPERATING DATA
SELECTED FINANCIAL DATA  
202120202019
GAAP MEASURES
Operating Revenues ($ millions)11,743 10,114 10,879 
As-Reported Net Income (Loss) Attributable to Entergy Corporation ($ millions)1,118 1,388 1,241 
As-Reported Earnings Per Share ($)5.54 6.90 6.3 
Common Dividend Paid Per Share ($)3.86 3.74 3.66 
Common Dividend Payout Ratio – As-Reported (%)70 54 58 
NON-GAAP MEASURES
Adjusted Earnings ($ millions)1,215 1,138 1,064 
Adjusted Earnings Per Share ($)6.02 5.66 5.4 
Adjustments ($ millions)(97)250 177 
Adjustments Per Share ($)(0.48)1.24 0.9 
Common Dividend Payout Ratio – Adjusted (%)64 66 68 
UTILITY ELECTRIC OPERATING DATA  
 202120202019
Retail Kilowatt-Hour Sales (millions) 114,744 111,170 115,911 
Peak Demand (megawatts) 22,051 21,340 21,598 
Retail Customers – Year End (thousands) 2,984 2,954 2,923 
  
ENTERGY WHOLESALE COMMODITIES OPERATING DATA
 202120202019
Billed Electric Energy Sales (gigawatt hours) 11,328 20,581 28,088 
EMPLOYEES   
 202120202019
Total Employees – Year End 12,369 13,400 13,635 


OWNED AND LEASED CAPABILITY (MW)(a)  
 As of December 31, 2021
 E-AR E-LA E-MS  E-NO  E-TX SERIEWC(b)(c)(d)  Total
Gas/Oil 2,091 8,261 2,938 639 3,004 — 213 17,146 
Coal 1,193 340 312 — 252 — 181 2,278 
Total Fossil 3,284 8,601 3,250 639 3,256 — 394 19,424 
Nuclear 1,819 2,140 — — — 1,263 811 6,033 
Hydro72 — — — — — — 72 
Solar— — 27 — — — 29 
Total 5,175 10,741 3,252 666 3,256 1,263 1,205 25,558 
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based
          on the primary fuel (assuming no curtailments) that each station was designed to utilize.
 (b) Nuclear reflects Net MW in Operation. Net MW in Operation is the installed capacity owned and operated. Excludes management
          services contract for Cooper Nuclear Station.
 (c) Fossil reflects nameplate rating of generating unit and excludes capacity under contract.
 (d) The owned MW capacity for coal is the portion of the plant capacity owned by Entergy Wholesale Commodities.



CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA
CONSOLIDATED QUARTERLY FINANCIAL METRICS
20212020 FY
 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
GAAP MEASURES  
ROE – as-reported (%)(a) 15.1 11.6 11.3 9.9 9.9 11.5 12.2 13.3 13.1 13.1 (3.2)
Cash and cash equivalents ($ millions)1,743 687 1,000 443 443 1,464 935 1,240 1,759 1,759 (1,317)
Revolver capacity ($ millions) 4,220 4,125 3,925 3,985 3,985 3,348 4,110 4,125 4,110 4,110 (124)
Commercial paper ($ millions) 1,028 866 1,006 1,201 1,201 1,942 1,946 1,398 1,627 1,627 (426)
Total debt ($ millions) 25,803 25,435 25,695 27,154 27,154 21,465 21,493 22,127 24,062 24,062 3,092 
Securitization debt ($ millions) 147 114 90 84 84 271 232 209 175 175 (91)
Debt to capital (%) 69.6 69.5 69.1 69.5 69.5 67.2 66.8 66.7 68.3 68.3 1.2 
Off-balance sheet liabilities ($ millions)
Debt of joint ventures – Entergy’s share 15 12 53 51 49 17 17 (10)
Total off-balance sheet liabilities15 12 53 51 49 17 17 (10)
NON-GAAP MEASURES
ROE – adjusted (%)(a)11.311.310.910.810.811.811.410.910.810.80
Gross liquidity ($ millions) 5,963 4,812 4,925 4,428 4,428 4,811 5,045 5,364 5,869 5,869 (1,441)
Net liquidity ($ millions)4,935 3,946 3,919 3,227 3,227 2,870 3,099 3,966 4,241 4,241 (1,014)
Net liquidity, including storm escrows ($ millions)5,007 4,018 3,952 3,260 3,260 3,242 3,472 4,339 4,357 4,357 (1,097)
Debt to capital,
     excluding securitization debt (%)
69.5 69.4 69.0 69.4 69.4 66.9 66.6 66.5 68.1 68.1 1.3 
Net debt to net capital,
     excluding securitization debt (%)
68.0 68.9 68.1 69.1 69.1 65.3 65.6 65.2 66.4 66.4 2.6 
Parent debt to total debt,
     excluding securitization debt (%)
22.3 22.4 23.4 22.2 22.2 22.2 22.0 22.4 21.6 21.6 0.6 
FFO to debt,
     excluding securitization debt (%)
8.2 8.3 8.3 7.7 7.7 14.3 14.6 11.8 10.3 10.3 (2.6)
FFO to debt,
     excluding securitization debt, return of
     unprotected excess ADIT, and severance and
     retention payments associated with exit of EWC (%)
8.7 9.3 9.2 8.4 8.4 16.0 16.0 12.5 10.9 10.9 (2.5)
Totals may not foot due to rounding.
(a) Rolling twelve months.





CONSOLIDATED ANNUAL FINANCIAL METRICS
202120202019
GAAP MEASURES   
ROE – as-reported (%)9.9 13.1 13.0 
Cash and cash equivalents ($ millions)443 1,759 426 
Revolver capacity ($ millions) 3,985 4,110 3,810 
Commercial paper ($ millions) 1,201 1,627 1,947 
Total debt ($ millions) 27,154 24,062 19,885 
Securitization debt ($ millions) 84 175 298 
Debt to capital (%) 69.5 68.3 65.5 
Off-balance sheet liabilities ($ millions)
Debt of joint ventures – Entergy’s share 17 54 
Total off-balance sheet liabilities17 54 
NON-GAAP MEASURES
ROE – adjusted (%)10.8 10.8 11.2 
Gross liquidity ($ millions) 4,428 5,869 4,236 
Net liquidity ($ millions)3,227 4,241 2,289 
Net liquidity, including storm escrows ($ millions)3,260 4,357 2,701 
Debt to capital, excluding securitization debt (%)69.4 68.1 65.1 
Net debt to net capital, excluding securitization debt (%) 69.1 66.4 64.6 
Parent debt to total debt, excluding securitization debt (%) 22.2 21.6 21.6 
FFO to debt, excluding securitization debt (%) 7.7 10.3 14.6 
FFO to debt, excluding securitization debt, return of
unprotected excess ADIT, and severance and retention
payments associated with exit of EWC (%)
8.4 10.9 16.8 
Totals may not foot due to rounding. 



FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED QUARTERLY RESULTS – GAAP TO NON-GAAP RECONCILIATION
 20212020FY
(After-tax, $ in millions)  1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
AS-REPORTED EARNINGS (LOSS)
Utility357 326 570 238 1,490 320 345 552 584 1,800 (310)
Parent & Other(60)(57)(65)(68)(249)(90)(69)(61)(127)(347)98 
Entergy Wholesale Commodities38 (275)26 89 (123)(111)85 30 (69)(65)(58)
CONSOLIDATED AS-REPORTED EARNINGS (LOSS)335 (6)531 259 1,118 119 361 521 388 1,388 (270)
LESS ADJUSTMENTS
Utility— — 11 16 27 — — — 377 377 (350)
Parent & Other— — — (1)(1)— — — (61)(61)61 
Entergy Wholesale Commodities38 (275)26 89 (123)(111)85 30 (69)(65)(58)
TOTAL ADJUSTMENTS38 (275)37 104 (97)(111)85 30 246 250 (347)
ADJUSTED EARNINGS (LOSS)
Utility357 326 559 222 1,464 320 345 552 207 1,424 40 
Parent & Other(60)(57)(65)(67)(248)(90)(69)(61)(66)(286)37 
Entergy Wholesale Commodities— — — — — — — — — — — 
CONSOLIDATED ADJUSTED EARNINGS (LOSS)297 269 494 155 1,215 230 276 491 142 1,138 77 
Weather Impact 24 (19)(2)(10)(7)(50)(4)(22)(75)68 
SHARES OF COMMON STOCK OUTSTANDING
($ millions)
End of period 201 201 201 203 203 200 200 200 200 200 
Diluted average201 201 202 203 202 201 201 201 201 201 
20212020FY
(After-tax, per share in $) (a) 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
AS-REPORTED EARNINGS (LOSS)               
Utility1.77 1.62 2.82 1.17 7.38 1.59 1.71 2.74 2.90 8.95 (1.57)
Parent & Other(0.30)(0.28)(0.32)(0.33)(1.23)(0.45)(0.34)(0.30)(0.63)(1.73)0.50 
Entergy Wholesale Commodities0.19 (1.37)0.13 0.44 (0.61)(0.55)0.42 0.15 (0.34)(0.32)(0.29)
CONSOLIDATED AS-REPORTED EARNINGS (LOSS)1.66 (0.03)2.63 1.28 5.54 0.59 1.79 2.59 1.93 6.90 (1.36)
LESS ADJUSTMENTS
Utility— — 0.05 0.08 0.13 — — — 1.87 1.87 (1.74)
Parent & Other— — — — — — — — (0.31)(0.31)0.31 
Entergy Wholesale Commodities0.19 (1.37)0.13 0.44 (0.61)(0.55)0.42 0.15 (0.34)(0.32)(0.29)
TOTAL ADJUSTMENTS0.19 (1.37)0.18 0.52 (0.48)(0.55)0.42 0.15 1.22 1.24 (1.72)
ADJUSTED EARNINGS (LOSS)
Utility1.77 1.62 2.77 1.09 7.25 1.59 1.71 2.74 1.03 7.08 0.17 
Parent & Other(0.30)(0.28)(0.32)(0.33)(1.23)(0.45)(0.34)(0.30)(0.32)(1.42)0.19 
Entergy Wholesale Commodities— — — — — — — — — — — 
CONSOLIDATED ADJUSTED EARNINGS (LOSS)1.47 1.34 2.45 0.76 6.02 1.14 1.37 2.44 0.71 5.66 0.36 
Weather Impact 0.12 (0.09)(0.01)(0.05)(0.03)(0.25)(0.02)0.01 (0.11)(0.37)0.34 
Totals may not foot due to rounding.
(a) Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.





FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED QUARTERLY ADJUSTMENTS - BY ITEM TYPE
Shown as Positive/(Negative) Impact on Earnings
20212020FY
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions) 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
UTILITY ADJUSTMENTS                                 
Gain on sale— — 15 — 15 — — — — — 15 
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015— — — — — — — — (25)(25)25 
Income tax effect on Utility adjustments above (a)— — (4)— (4)— — — (10)
Income tax valuation allowance— — — (8)(8)— — — — — (8)
Provision for uncertain tax position— — — (5)(5)— — — — — (5)
State corporate income tax rate change— — — 29 29 — — — — — 29 
2014 / 2015 IRS settlement - E-LA business combination— — — — — — — — 396 396 (396)
Total — — 11 16 27 — — — 377 377 (350)
PARENT & OTHER ADJUSTMENTS
State corporate income tax rate change— — — (1)(1)— — — — — (1)
2014 / 2015 IRS settlement - E-LA business combination— — — — — — — — (61)(61)61 
Total — — — (1)(1)— — — (61)(61)61 
ENTERGY WHOLESALE COMMODITIES ADJUSTMENTS
Income before income taxes54 (346)35 112 (146)(141)110 43 30 42 (188)
Income taxes(16)72 (9)(22)25 31 (24)(12)(99)(105)130 
Preferred dividend requirements (1)(1)(1)(1)(2)(1)(1)(1)(1)(2)— 
Total 38 (275)26 89 (123)(111)85 30 (69)(65)(58)
TOTAL ADJUSTMENTS38 (275)37 104 (97)(111)85 30 246 250 (347)
20212020FY
(After-tax, per share in $) (b) 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
UTILITY ADJUSTMENTS           
Gain on sale— — 0.05 — 0.05 — — — — — 0.05 
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015— — — — — — — — (0.09)(0.09)0.09 
Income tax valuation allowance— — — (0.04)(0.04)— — — — — (0.04)
Provision for uncertain tax position— — — (0.02)(0.02)— — — — — (0.02)
State corporate income tax rate change— — — 0.14 0.14 — — — — — 0.14 
2014 / 2015 IRS settlement - E-LA business combination— — — — — — — 1.96 1.96 (1.96)
Total — — 0.05 0.08 0.13 — — — 1.87 1.87 (1.74)
PARENT & OTHER ADJUSTMENTS           
2014 / 2015 IRS settlement - E-LA business combination— — — — — — — — (0.31)(0.31)0.31 
Total — — — — — — — — (0.31)(0.31)0.31 
ENTERGY WHOLESALE COMMODITIES ADJUSTMENT
Total 0.19 (1.37)0.13 0.44 (0.61)(0.55)0.42 0.15 (0.34)(0.32)(0.29)
TOTAL ADJUSTMENTS0.19 (1.37)0.18 0.52 (0.48)(0.55)0.42 0.15 1.22 1.24 (1.72)
Totals may not foot due to rounding.
(a) Income tax effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply.
(b) EPS effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply to each adjustment and then dividing by
     the diluted average number of common shares outstanding for the period.




FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED QUARTERLY ADJUSTMENTS - BY INCOME STATEMENT LINE ITEM
Shown as Positive/(Negative) Impact on Earnings
20212020FY
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions) 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
UTILITY ADJUSTMENTS
Other O&M— — 15 — 15 — — — — — 15 
Other regulatory charges— — — — — — — — (25)(25)25 
Income taxes (a)— — (4)16 12 — — — 402 402 (390)
Total — — 11 16 27 — — — 377 377 (350)
PARENT & OTHER ADJUSTMENTS
Income taxes (a)— — — (1)(1)— — — (61)(61)61 
Total — — — (1)(1)— — — (61)(61)61 
ENTERGY WHOLESALE COMMODITIES ADJUSTMENTS
Operating revenues248 149 162 139 698 333 200 214 196 943 (245)
Fuel and fuel-related expenses(21)(17)(24)(20)(83)(20)(17)(14)(16)(67)(15)
Purchased power(18)(18)(22)(15)(73)(11)(10)(29)(18)(68)(5)
Nuclear refueling outage expense(11)(11)(11)(11)(45)(12)(12)(11)(11)(45)(1)
Other O&M(99)(83)(51)(53)(287)(131)(140)(114)(115)(500)213 
Asset write-offs and impairments(3)(342)— 82 (264)(5)(7)(4)(10)(27)(237)
Decommissioning expense(53)(40)(14)(14)(120)(50)(51)(51)(53)(205)85 
Taxes other than income taxes (6)(6)(2)(3)(17)(20)(14)(10)(9)(53)36 
Depreciation/amortization expense(13)(14)(9)(9)(44)(35)(25)(21)(21)(102)58 
Other income (deductions) - other34 41 18 101 (184)194 87 92 189 (87)
Interest expense and other charges(4)(4)(3)(2)(13)(5)(7)(5)(5)(22)
Income taxes (16)72 (9)(22)25 31 (24)(12)(99)(105)130 
Preferred dividend requirements(1)(1)(1)(1)(2)(1)(1)(1)(1)(2)— 
Total 38 (275)26 89 (123)(111)85 30 (69)(65)(58)
TOTAL ADJUSTMENTS (after-tax)38 (275)37 104 (97)(111)85 30 246 250 (347)
Totals may not foot due to rounding.
(a) Income taxes represents the income tax effect of the adjustments which were calculated using the estimated income tax rate that is expected to apply to each item, as well as tax adjustments as a result of tax reform.



FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED ANNUAL RESULTS – GAAP TO NON-GAAP RECONCILIATION
(After-tax, $ in millions) 202120202019
AS-REPORTED EARNINGS (LOSS)
Utility1,490 1,800 1,411 
Parent & Other(249)(347)(316)
Entergy Wholesale Commodities(123)(65)147 
CONSOLIDATED AS-REPORTED EARNINGS 1,118 1,388 1,241 
LESS ADJUSTMENTS
Utility27 377 41 
Parent & Other(1)(61)(11)
Entergy Wholesale Commodities(123)(65)147 
TOTAL ADJUSTMENTS(97)250 177 
ADJUSTED EARNINGS (LOSS)
Utility1,464 1,424 1,369 
Parent & Other(248)(286)(305)
Entergy Wholesale Commodities— — — 
ENTERGY ADJUSTED EARNINGS 1,215 1,138 1,064 
Weather Impact (7)(75)46 
SHARES OF COMMON STOCK OUTSTANDING
($ millions)
End of period 203 200 199 
Weighted average - diluted 202 201 197 
(After-tax, per share in $) (a)202120202019
AS-REPORTED EARNINGS (LOSS)
Utility7.38 8.95 7.16 
Parent & Other(1.23)(1.73)(1.60)
Entergy Wholesale Commodities(0.61)(0.32)0.74 
CONSOLIDATED AS-REPORTED EARNINGS 5.54 6.90 6.30 
LESS ADJUSTMENTS
Utility0.13 1.87 0.21 
Parent & Other— (0.31)(0.05)
Entergy Wholesale Commodities(0.61)(0.32)0.74 
TOTAL ADJUSTMENTS(0.48)1.24 0.90 
ADJUSTED EARNINGS (LOSS)
Utility7.25 7.08 6.95 
Parent & Other(1.23)(1.42)(1.55)
Entergy Wholesale Commodities— — — 
ENTERGY ADJUSTED EARNINGS 6.02 5.66 5.40 
Weather Impact (0.03)(0.37)0.23 
Totals may not foot due to rounding.
(a) Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.



FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED ANNUAL ADJUSTMENTS - BY ITEM TYPE
Shown as Positive/(Negative) Impact on Earnings
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions)202120202019
UTILITY ADJUSTMENTS
Gain on sale15 — — 
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015— (25)— 
Income tax effect on Utility adjustments above (a)(4)— 
Income tax valuation allowance(8)— — 
Provision for uncertain tax position(5)— — 
State corporate income tax rate change29 — — 
2014 / 2015 IRS settlement - E-LA business combination— 396 — 
Reversal of income tax valuation allowance— — 41 
Total 27 377 41 
PARENT & OTHER ADJUSTMENTS
State corporate income tax rate change(1)
2014 / 2015 IRS settlement - E-LA business combination— (61)— 
Income tax item related to a valuation allowance for interest deductibility— — (11)
Total (1)(61)(11)
ENTERGY WHOLESALE COMMODITIES ADJUSTMENT
Income before income taxes(146)42 (12)
Income taxes25 (105)161 
Preferred dividend requirements(2)(2)(2)
Total (123)(65)147 
TOTAL ADJUSTMENTS(97)250 177 
(After-tax, per share in $) (b)202120202019
UTILITY ADJUSTMENTS
Gain on sale0.05 — — 
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015— (0.09)— 
Income tax valuation allowance(0.04)— — 
Provision for uncertain tax position(0.02)— — 
State corporate income tax rate change0.14 — — 
2014 / 2015 IRS settlement - E-LA business combination— 1.96 — 
Reversal of income tax valuation allowance— — 0.21 
Total 0.13 1.87 0.21 
PARENT & OTHER ADJUSTMENTS
Income tax item related to a valuation allowance for interest deductibility— — (0.05)
2014 / 2015 IRS settlement - E-LA business combination— (0.31)— 
Total — (0.31)(0.05)
ENTERGY WHOLESALE COMMODITIES ADJUSTMENT
Total (0.61)(0.32)0.74 
TOTAL ADJUSTMENTS(0.48)1.24 0.90 
Totals may not foot due to rounding.
(a) Income tax effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply.
(b) EPS effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply to each
     adjustment and then dividing by the diluted average number of common shares outstanding for the period.



FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED ANNUAL ADJUSTMENTS - BY INCOME STATEMENT LINE ITEM
Shown as Positive/(Negative) Impact on Earnings
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions)202120202019
UTILITY ADJUSTMENTS
Other O&M15 — — 
Other regulatory charges— (25)— 
Income taxes (a)12 402 41 
Total 27 377 41 
PARENT & OTHER ADJUSTMENTS
Income taxes (a)(1)(61)(11)
Total (1)(61)(11)
ENTERGY WHOLESALE COMMODITIES ADJUSTMENTS
Operating revenues698 943 1,295 
Fuel and fuel-related expenses(83)(67)(98)
Purchased power(73)(68)(59)
Nuclear refueling outage expense(45)(45)(49)
Other O&M(287)(500)(678)
Asset write-offs and impairments(264)(27)(290)
Decommissioning expense(120)(205)(237)
Taxes other than income taxes (17)(53)(60)
Depreciation/amortization expense(44)(102)(148)
Other income (deductions) - other101 189 340 
Interest expense and other charges(13)(22)(29)
Income taxes25 (105)161 
Preferred dividend requirements(2)(2)(2)
Total (123)(65)147 
TOTAL ADJUSTMENTS (after-tax)(97)250 177 
Totals may not foot due to rounding.
(a) Income taxes represents the income tax effect of the adjustments which were calculated using the estimated income tax rate that is expected to apply to each item, as well as tax adjustments as a result of tax reform.



(Page left blank intentionally)



FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
In thousands, except share data, for the years ended December 31, 202120202019
OPERATING REVENUES:
Electric $10,873,995 $9,046,643 $9,429,978 
Natural gas 170,610 124,008 153,954 
Competitive businesses 698,291 942,985 1,294,741 
Total 11,742,896 10,113,636 10,878,673 
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 2,458,096 1,564,371 2,029,638 
Purchased power 1,271,677 904,268 1,192,860 
Nuclear refueling outage expenses 172,636 184,157 204,927 
Other operation and maintenance 2,968,621 3,002,626 3,272,381 
Asset write-offs, impairments, and related charges263,625 26,623 290,027 
Decommissioning 306,411 381,861 400,802 
Taxes other than income taxes 660,290 652,840 643,745 
Depreciation and amortization 1,684,286 1,613,086 1,480,016 
Other regulatory charges (credits) – net 111,628 14,609 (26,220)
Total 9,897,270 8,344,441 9,488,176 
OPERATING INCOME1,845,626 1,769,195 1,390,497 
OTHER INCOME:
Allowance for equity funds used during construction 70,473 119,430 144,974 
Interest and investment income 430,466 392,818 547,912 
Miscellaneous – net (201,778)(210,633)(252,539)
Total 299,161 301,615 440,347 
INTEREST EXPENSE:
Interest expense863,712 837,981 807,382 
Allowance for borrowed funds used during construction (29,018)(52,318)(64,957)
Total 834,694 785,663 742,425 
INCOME BEFORE INCOME TAXES1,310,093 1,285,147 1,088,419 
Income taxes 191,374 (121,506)(169,825)
CONSOLIDATED NET INCOME1,118,719 1,406,653 1,258,244 
Preferred dividend requirements of subsidiaries and noncontrolling interest227 18,319 17,018 
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION$1,118,492 $1,388,334 $1,241,226 
Basic earnings per average common share $5.57 $6.94 $6.36 
Diluted earnings per average common share $5.54 $6.90 $6.30 
Basic average number of common shares outstanding200,941,511 200,106,945 195,195,858 
Diluted average number of common shares outstanding201,873,024 201,102,220 196,999,284 



FINANCIAL RESULTS
2021 CONSOLIDATING INCOME STATEMENT (unaudited)
 ENTERGY
In thousands, except share data, for the year ended December 31, 2021.  UTILITY  PARENT & OTHER  EWC  CONSOLIDATED
OPERATING REVENUES:     
Electric $10,874,064 ($69)$— $10,873,995 
Natural gas 170,610 — — 170,610 
Competitive businesses — 127 698,164 698,291 
Total 11,044,674 58 698,164 11,742,896 
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale2,375,456 (29)82,669 2,458,096 
Purchased power 1,198,755 29 72,893 1,271,677 
Nuclear refueling outage expenses 127,758 — 44,878 172,636 
Other operation and maintenance 2,657,025 25,068 286,528 2,968,621 
Asset write-offs, impairments, and related charges— — 263,625 263,625 
Decommissioning 186,238 — 120,173 306,411 
Taxes other than income taxes 642,604 493 17,193 660,290 
Depreciation and amortization1,637,151 2,706 44,429 1,684,286 
Other regulatory charges - net111,628 — — 111,628 
Total 8,936,615 28,267 932,388 9,897,270 
OPERATING INCOME2,108,059 (28,209)(234,224)1,845,626 
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction 70,473 — — 70,473 
Interest and investment income442,817 (130,948)118,597 430,466 
Miscellaneous – net (176,649)(8,020)(17,109)(201,778)
Total 336,641 (138,968)101,488 299,161 
INTEREST EXPENSE:
Interest expense 721,022 129,356 13,334 863,712 
Allowance for borrowed funds used during construction (29,018)— — (29,018)
Total 692,004 129,356 13,334 834,694 
INCOME BEFORE INCOME TAXES 1,752,696 (296,533)(146,070)1,310,093 
Income taxes 264,209 (47,454)(25,381)191,374 
CONSOLIDATED NET INCOME1,488,487 (249,079)(120,689)1,118,719 
Preferred dividend requirements of subsidiaries and noncontrolling interest(1,933)(28)2,188 227 
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION$1,490,420 ($249,051)($122,877)$1,118,492 
Basic earnings per average common share $7.42 ($1.24)($0.61)$5.57 
Diluted earnings per average common share $7.38 ($1.23)($0.61)$5.54 
Totals may not foot due to rounding.