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Results of Operations and Financial

The information provided in Item 7.01 below is incorporated herein by reference and is being furnished not filed pursuant to this Item 2.02.

Item 7.01. Regulation FD Disclosure

Entergy Corporation (the Company) is currently in the process of preparing financial statements for third quarter 2015 financial reporting. In connection with preparation of such financial statements, the Company has concluded that in the Companys third quarter results, the Company will report non-cash asset impairments for its Pilgrim Nuclear Power Station and its James A. FitzPatrick Nuclear Power Plant totaling approximately $1.6 billion on a pre-tax basis and approximately $1.1 billion after-tax. These impairments will be classified as a special item, and therefore, excluded from operational results.

U nder generally accepted accounting principles, long-lived assets are typically accounted for on a historical cost basis unless a triggering event occurs which requires an impairment evaluation. Both plants experienced a triggering event in the third quarter. Applying the accounting rules after these events led to the impairments and related charges. The resulting charges, per share, by plant, are summarized below.

Impairment Summary (all amounts are in $millions except earnings per share)

Item

FitzPatrick

Pilgrim

Total

Impairment (pre-tax earnings impact)

(965)

(677)

(1,642)

Impairment (after-tax earnings impact)

(624)

(438)

(1,062)

Impairment (after-tax earnings per share)

$(3.48)

$(2.45)

$(5.93)

Based on a 35.3 percent tax rate and 179,151,832 shares.

On a go forward basis, these non-cash impairments reduce asset balances that will be depreciated or amortized over the...


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