ENTERGY ARKANSAS LLC

For the period ended Jun 30, 2024. Filed Aug 2, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 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.

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Contents

Consolidated Statements

ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three and Six Months Ended June 30, 2024 and 2023
(Unaudited)
	Three Months Ended		Six Months Ended
	2024	2023	2024	2023
(In Thousands) · (In Thousands)
OPERATING REVENUES
Electric	$178,664	$168,216	$335,605	$337,911
Natural gas	20,677	19,800	56,697	58,925
TOTAL	199,341	188,016	392,302	396,836
OPERATING EXPENSES
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	18,314	18,974	49,139	70,998
Purchased power	64,318	65,929	124,700	132,549
Other operation and maintenance	41,720	38,961	85,052	72,188
Taxes other than income taxes	14,187	14,480	29,609	30,904
Depreciation and amortization	21,130	20,064	42,044	39,639
Other regulatory charges (credits) - net	1,659	2,288	83,179	1,187
TOTAL	161,328	160,696	413,723	347,465
OPERATING INCOME (LOSS)	38,013	27,320	(21,421)	49,371
OTHER INCOME
Allowance for equity funds used during construction	511	280	889	730
Interest and investment income	316	2,400	457	4,451
Miscellaneous - net	381	(517)	352	(744)
TOTAL	1,208	2,163	1,698	4,437
INTEREST EXPENSE
Interest expense	10,810	10,003	20,336	19,622
Allowance for borrowed funds used during construction	(214)	(136)	(371)	(355)
TOTAL	10,596	9,867	19,965	19,267
INCOME (LOSS) BEFORE INCOME TAXES	28,625	19,616	(39,688)	34,541
Income taxes	7,492	5,759	(11,841)	10,542
NET INCOME (LOSS)	$21,133	$13,857	($27,847)	$23,999
See Notes to Financial Statements.

ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2024 and 2023
(Unaudited)
	2024	2023
(In Thousands)
OPERATING ACTIVITIES
Net income (loss)	($27,847)	$23,999
Adjustments to reconcile net income (loss) to net cash flow provided by operating activities:
Depreciation and amortization	42,044	39,639
Deferred income taxes, investment tax credits, and non-current taxes accrued	(19,560)	10,247
Changes in assets and liabilities:
Receivables	(111,913)	23,357
Fuel inventory	544	3,868
Accounts payable	(10,311)	(24,536)
Prepaid taxes and taxes accrued	7,345	(657)
Interest accrued	(1,220)	194
Deferred fuel costs	(51)	4,315
Other working capital accounts	(8,120)	(14,016)
Provisions for estimated losses	2,473	3,550
Other regulatory assets	11,073	2,930
Other regulatory liabilities	167,529	30,722
Pension and other postretirement funded status	(3,876)	(2,454)
Other assets and liabilities	(2,694)	(208)
Net cash flow provided by operating activities	45,416	100,950
INVESTING ACTIVITIES
Construction expenditures	(72,409)	(88,480)
Allowance for equity funds used during construction	889	730
Changes in money pool receivable - net	(1,110)	101,767
Payments to storm reserve escrow account	(2,939)	(1,723)
Changes in securitization account	1,120	555
Decrease in other investments	—	51
Net cash flow provided by (used in) investing activities	(74,449)	12,900
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	149,075	14,641
Retirement of long-term debt	(91,245)	(6,073)
Contribution from customer for construction	—	15,000
Change in money pool payable - net	(21,651)	—
Other	(614)	(511)
Net cash flow provided by financing activities	35,565	23,057
Net increase in cash and cash equivalents	6,532	136,907
Cash and cash equivalents at beginning of period	26	4,464
Cash and cash equivalents at end of period	$6,558	$141,371
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$20,159	$18,719
Income taxes	$2,598	$2
Noncash investing activities:
Accrued construction expenditures	$4,263	$8,496
See Notes to Financial Statements.

ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
ASSETS
June 30, 2024 and December 31, 2023
(Unaudited)
	2024	2023
(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash	$26	$26
Temporary cash investments	6,532	—
Total cash and cash equivalents	6,558	26
Securitization recovery trust account	1,306	2,426
Accounts receivable:
Customer	71,412	67,258
Allowance for doubtful accounts	(5,824)	(7,770)
Associated companies	102,291	1,657
Other	6,883	5,270
Accrued unbilled revenues	35,763	31,087
Total accounts receivable	210,525	97,502
Deferred fuel costs	6,199	6,148
Fuel inventory - at average cost	2,754	3,298
Materials and supplies - at average cost	32,846	30,019
Prepaid taxes	—	1,574
Prepayments and other	19,146	11,482
TOTAL	279,334	152,475
OTHER PROPERTY AND INVESTMENTS
Non-utility property - at cost (less accumulated depreciation)	832	832
Storm reserve escrow account	81,670	78,731
TOTAL	82,502	79,563
UTILITY PLANT
Electric	2,078,423	2,046,928
Natural gas	408,508	401,846
Construction work in progress	40,512	25,424
TOTAL UTILITY PLANT	2,527,443	2,474,198
Less - accumulated depreciation and amortization	879,838	858,672
UTILITY PLANT - NET	1,647,605	1,615,526
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Other regulatory assets (includes securitization property of $— as of June 30, 2024 and $506 as of December 31, 2023)	171,294	182,367
Deferred fuel costs	4,080	4,080
Other	84,269	63,964
TOTAL	259,643	250,411
TOTAL ASSETS	$2,269,084	$2,097,975
See Notes to Financial Statements.

ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
LIABILITIES AND EQUITY
June 30, 2024 and December 31, 2023
(Unaudited)
	2024	2023
(In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt	$78,000	$85,000
Payable due to associated company	1,275	1,275
Accounts payable:
Associated companies	43,275	76,736
Other	38,150	39,813
Customer deposits	33,324	32,420
Taxes accrued	5,771	—
Interest accrued	7,314	8,534
Other	11,003	8,953
TOTAL	218,112	252,731
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	176,689	195,615
Accumulated deferred investment tax credits	15,672	16,457
Regulatory liability for income taxes - net	34,411	36,061
Other regulatory liabilities	259,613	90,434
Accumulated provisions	90,597	88,124
Long-term debt (includes securitization bonds of $— as of June 30, 2024 and $5,415 as of December 31, 2023)	650,197	584,171
Long-term payable due to associated company	7,004	7,004
Other	37,882	20,624
TOTAL	1,272,065	1,038,490
Commitments and Contingencies
EQUITY
Member's equity	778,907	806,754
TOTAL	778,907	806,754
TOTAL LIABILITIES AND EQUITY	$2,269,084	$2,097,975
See Notes to Financial Statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.