ENTERGY MISSISSIPPI LLC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
ETR$111.79+1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements
| ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||
| For the Three Months Ended March 31, 2024 and 2023 | ||
| (Unaudited) | ||
| 2024 | 2023 | |
| (In Thousands) | ||
| OPERATING REVENUES | ||
| Electric | $156,941 | $169,695 |
| Natural gas | 36,020 | 39,125 |
| TOTAL | 192,961 | 208,820 |
| OPERATING EXPENSES | ||
| Operation and Maintenance: | ||
| Fuel, fuel-related expenses, and gas purchased for resale | 30,825 | 52,024 |
| Purchased power | 60,382 | 66,620 |
| Other operation and maintenance | 43,332 | 33,227 |
| Taxes other than income taxes | 15,422 | 16,424 |
| Depreciation and amortization | 20,914 | 19,575 |
| Other regulatory charges (credits) - net | 81,520 | (1,101) |
| TOTAL | 252,395 | 186,769 |
| OPERATING INCOME (LOSS) | (59,434) | 22,051 |
| OTHER INCOME | ||
| Allowance for equity funds used during construction | 378 | 450 |
| Interest and investment income | 141 | 2,051 |
| Miscellaneous - net | (29) | (227) |
| TOTAL | 490 | 2,274 |
| INTEREST EXPENSE | ||
| Interest expense | 9,526 | 9,619 |
| Allowance for borrowed funds used during construction | (157) | (219) |
| TOTAL | 9,369 | 9,400 |
| INCOME (LOSS) BEFORE INCOME TAXES | (68,313) | 14,925 |
| Income taxes | (19,333) | 4,783 |
| NET INCOME (LOSS) | ($48,980) | $10,142 |
| See Notes to Financial Statements. | ||
| ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| For the Three Months Ended March 31, 2024 and 2023 | ||
| (Unaudited) | ||
| 2024 | 2023 | |
| (In Thousands) | ||
| OPERATING ACTIVITIES | ||
| Net income (loss) | ($48,980) | $10,142 |
| Adjustments to reconcile net income (loss) to net cash flow provided by operating activities: | ||
| Depreciation and amortization | 20,914 | 19,575 |
| Deferred income taxes, investment tax credits, and non-current taxes accrued | (25,534) | 5,147 |
| Changes in assets and liabilities: | ||
| Receivables | (89,009) | 26,040 |
| Fuel inventory | 638 | 2,920 |
| Accounts payable | (19,282) | (14,313) |
| Prepaid taxes and taxes accrued | 8,632 | 1,687 |
| Interest accrued | 1,132 | (361) |
| Deferred fuel costs | 369 | 6,965 |
| Other working capital accounts | (10,924) | (12,303) |
| Provisions for estimated losses | 1,758 | 1,645 |
| Other regulatory assets | 9,257 | 2,267 |
| Other regulatory liabilities | 166,532 | 31,170 |
| Pension and other postretirement funded status | (1,896) | (1,113) |
| Other assets and liabilities | (4,468) | (7,890) |
| Net cash flow provided by operating activities | 9,139 | 71,578 |
| INVESTING ACTIVITIES | ||
| Construction expenditures | (32,418) | (46,098) |
| Allowance for equity funds used during construction | 378 | 450 |
| Change in money pool receivable - net | — | 134,670 |
| Payments to storm reserve escrow account | (1,877) | (811) |
| Changes in securitization account | (2,976) | (3,055) |
| Net cash flow provided by (used in) investing activities | (36,893) | 85,156 |
| FINANCING ACTIVITIES | ||
| Contribution from customer for construction | — | 15,000 |
| Change in money pool payable - net | 28,125 | — |
| Other | (371) | (312) |
| Net cash flow provided by financing activities | 27,754 | 14,688 |
| Net increase in cash and cash equivalents | — | 171,422 |
| Cash and cash equivalents at beginning of period | 26 | 4,464 |
| Cash and cash equivalents at end of period | $26 | $175,886 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid during the period for: | ||
| Interest - net of amount capitalized | $8,047 | $9,630 |
| Noncash investing activities: | ||
| Accrued construction expenditures | $4,941 | $5,707 |
| See Notes to Financial Statements. | ||
| ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEETS | ||
| ASSETS | ||
| March 31, 2024 and December 31, 2023 | ||
| (Unaudited) | ||
| 2024 | 2023 | |
| (In Thousands) | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $26 | $26 |
| Securitization recovery trust account | 5,402 | 2,426 |
| Accounts receivable: | ||
| Customer | 64,955 | 67,258 |
| Allowance for doubtful accounts | (6,564) | (7,770) |
| Associated companies | 99,303 | 1,657 |
| Other | 4,484 | 5,270 |
| Accrued unbilled revenues | 24,333 | 31,087 |
| Total accounts receivable | 186,511 | 97,502 |
| Deferred fuel costs | 5,779 | 6,148 |
| Fuel inventory - at average cost | 2,660 | 3,298 |
| Materials and supplies - at average cost | 30,479 | 30,019 |
| Prepaid taxes | — | 1,574 |
| Prepayments and other | 21,476 | 11,482 |
| TOTAL | 252,333 | 152,475 |
| OTHER PROPERTY AND INVESTMENTS | ||
| Non-utility property - at cost (less accumulated depreciation) | 832 | 832 |
| Storm reserve escrow account | 80,609 | 78,731 |
| TOTAL | 81,441 | 79,563 |
| UTILITY PLANT | ||
| Electric | 2,060,223 | 2,046,928 |
| Natural gas | 404,839 | 401,846 |
| Construction work in progress | 30,622 | 25,424 |
| TOTAL UTILITY PLANT | 2,495,684 | 2,474,198 |
| Less - accumulated depreciation and amortization | 866,798 | 858,672 |
| UTILITY PLANT - NET | 1,628,886 | 1,615,526 |
| DEFERRED DEBITS AND OTHER ASSETS | ||
| Regulatory assets: | ||
| Other regulatory assets (includes securitization property of $— as of March 31, 2024 and $506 as of December 31, 2023) | 173,110 | 182,367 |
| Deferred fuel costs | 4,080 | 4,080 |
| Other | 84,305 | 63,964 |
| TOTAL | 261,495 | 250,411 |
| TOTAL ASSETS | $2,224,155 | $2,097,975 |
| See Notes to Financial Statements. | ||
| ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEETS | ||
| LIABILITIES AND EQUITY | ||
| March 31, 2024 and December 31, 2023 | ||
| (Unaudited) | ||
| 2024 | 2023 | |
| (In Thousands) | ||
| CURRENT LIABILITIES | ||
| Currently maturing long-term debt | $163,000 | $85,000 |
| Payable due to associated company | 1,275 | 1,275 |
| Accounts payable: | ||
| Associated companies | 91,598 | 76,736 |
| Other | 31,667 | 39,813 |
| Customer deposits | 32,705 | 32,420 |
| Taxes accrued | 7,058 | — |
| Interest accrued | 9,666 | 8,534 |
| Other | 8,565 | 8,953 |
| TOTAL | 345,534 | 252,731 |
| NON-CURRENT LIABILITIES | ||
| Accumulated deferred income taxes and taxes accrued | 169,742 | 195,615 |
| Accumulated deferred investment tax credits | 15,699 | 16,457 |
| Regulatory liability for income taxes - net | 35,154 | 36,061 |
| Other regulatory liabilities | 257,873 | 90,434 |
| Accumulated provisions | 89,882 | 88,124 |
| Long-term debt (includes securitization bonds of $5,476 as of March 31, 2024 and $5,415 as of December 31, 2023) | 506,275 | 584,171 |
| Long-term payable due to associated company | 7,004 | 7,004 |
| Other | 39,218 | 20,624 |
| TOTAL | 1,120,847 | 1,038,490 |
| Commitments and Contingencies | ||
| EQUITY | ||
| Member's equity | 757,774 | 806,754 |
| TOTAL | 757,774 | 806,754 |
| TOTAL LIABILITIES AND EQUITY | $2,224,155 | $2,097,975 |
| See Notes to Financial Statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.