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Midas Edge

ENTERGY CORP DE

For the period ended Mar 31, 2025. Filed May 1, 2025.

View on SEC.gov

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.

Mar 31, 2025 · Filed May 1, 2025

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 exhibits
Contents

Consolidated Statements of Operations

ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months Ended March 31, 2025 and 2024
(Unaudited)
20252024
(In Thousands)
OPERATING REVENUES
Electric$138,925$156,941
Natural gas42,13036,020
TOTAL181,055192,961
OPERATING EXPENSES
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale12,36330,825
Purchased power67,74160,382
Other operation and maintenance38,65843,332
Taxes other than income taxes14,89315,422
Depreciation and amortization21,84520,914
Other regulatory charges (credits) - net(3,430)81,520
TOTAL152,070252,395
OPERATING INCOME (LOSS)28,985(59,434)
OTHER INCOME
Allowance for equity funds used during construction306378
Interest and investment income434141
Miscellaneous - net(579)(29)
TOTAL161490
INTEREST EXPENSE
Interest expense13,4759,526
Allowance for borrowed funds used during construction(167)(157)
TOTAL13,3089,369
INCOME (LOSS) BEFORE INCOME TAXES15,838(68,313)
Income taxes3,739(19,333)
NET INCOME (LOSS)$12,099($48,980)
See Notes to Financial Statements.
ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Three Months Ended March 31, 2025 and 2024
(Unaudited)
20252024
(In Thousands)
OPERATING ACTIVITIES
Net income (loss)$12,099($48,980)
Adjustments to reconcile net income (loss) to net cash flow provided by operating activities:
Depreciation and amortization21,84520,914
Deferred income taxes, investment tax credits, and non-current taxes accrued(31,821)(25,534)
Changes in assets and liabilities:
Receivables10,089(89,009)
Fuel inventory156638
Accounts payable(10,252)(19,282)
Prepaid taxes and taxes accrued35,1398,632
Interest accrued2,4361,132
Deferred fuel costs(10,659)369
Other working capital accounts(12,165)(10,924)
Provisions for estimated losses(10,339)1,758
Other regulatory assets6,0589,257
Other regulatory liabilities(11,514)166,532
Pension and other postretirement funded status(2,637)(1,896)
Other assets and liabilities4,154(4,468)
Net cash flow provided by operating activities2,5899,139
INVESTING ACTIVITIES
Construction expenditures(32,915)(32,418)
Allowance for equity funds used during construction306378
Change in money pool receivable - net597—
Receipt from storm reserve escrow account10,333—
Payments to storm reserve escrow account(870)(1,877)
Changes in securitization account698(2,976)
Net cash flow used in investing activities(21,851)(36,893)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt79,717—
Retirement of long-term debt(78,000)—
Change in money pool payable - net—28,125
Other(306)(371)
Net cash flow provided by financing activities1,41127,754
Net decrease in cash and cash equivalents(17,851)—
Cash and cash equivalents at beginning of period31,77726
Cash and cash equivalents at end of period$13,926$26
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized$10,795$8,047
Noncash investing activities:
Accrued construction expenditures$3,550$4,941
See Notes to Financial Statements.
ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
ASSETS
March 31, 2025 and December 31, 2024
(Unaudited)
20252024
(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash$34$374
Temporary cash investments13,89231,403
Total cash and cash equivalents13,92631,777
Securitization recovery trust account9131,611
Accounts receivable:
Customer67,88865,731
Allowance for doubtful accounts(6,343)(6,735)
Associated companies4,4405,844
Other3,7339,467
Accrued unbilled revenues27,19933,296
Total accounts receivable96,917107,603
Deferred fuel costs11,918—
Fuel inventory - at average cost1,251320
Materials and supplies28,24425,516
Current assets held for sale11,21813,100
Prepayments and other19,83412,128
TOTAL184,221192,055
OTHER PROPERTY AND INVESTMENTS
Storm reserve escrow account74,27983,742
Other832832
TOTAL75,11184,574
UTILITY PLANT
Electric2,156,5062,160,165
Natural gas43,39643,279
Construction work in progress36,50118,269
TOTAL UTILITY PLANT2,236,4032,221,713
Less - accumulated depreciation and amortization778,749768,305
UTILITY PLANT - NET1,457,6541,453,408
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Other regulatory assets127,473133,261
Deferred fuel costs4,0804,080
Non-current assets held for sale286,317284,738
Other74,78271,037
TOTAL492,652493,116
TOTAL ASSETS$2,209,638$2,223,153
See Notes to Financial Statements.
ENTERGY NEW ORLEANS, LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
LIABILITIES AND EQUITY
March 31, 2025 and December 31, 2024
(Unaudited)
20252024
(In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt$80,000$78,000
Payable due to associated company1,1401,140
Accounts payable:
Associated companies44,41345,479
Other35,24943,750
Customer deposits28,90528,834
Taxes accrued43,9098,786
Interest accrued11,1078,671
Deferred fuel costs—980
Other14,09614,427
TOTAL258,819230,067
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued170,511201,541
Accumulated deferred investment tax credits15,59115,617
Regulatory liability for income taxes - net14,93415,000
Other regulatory liabilities248,372260,312
Accumulated provisions79,95490,293
Long-term debt650,351650,463
Long-term payable due to associated company5,8645,864
Other55,54256,395
TOTAL1,241,1191,295,485
Commitments and Contingencies
EQUITY
Member's equity709,700697,601
TOTAL709,700697,601
TOTAL LIABILITIES AND EQUITY$2,209,638$2,223,153
See Notes to Financial Statements.
ContentsView on SEC.gov

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