8-KOther Events

ENTERGY CORP /DE/ 8-K Report (Apr 28, 2003)

Filed April 28, 2003For Securities:ETR

Summary

This 8-K filing from Entergy Corporation, dated April 28, 2003, primarily serves to announce the publication of its 2002 Investor Guide and Statistical Report. The report itself, attached as an exhibit, contains detailed operational and financial information for the year ended 2002. Investors should note that this guide utilizes non-GAAP financial measures, specifically focusing on 'operational earnings per share' which excludes 'special items' like non-routine events or those related to prior/discontinued periods. Entergy Corporation states that these non-GAAP measures, including operational earnings per share, return on invested capital (ROIC), and return on equity (ROE), are presented to provide investors with a clearer view of the ongoing results of the company's businesses and to facilitate comparisons with industry peers. The company emphasizes that these operational metrics are provided in addition to, and not as a substitute for, standard GAAP-reported figures.

Key Highlights

  • 1Entergy Corporation filed an 8-K on April 28, 2003, to report the release of its 2002 Investor Guide and Statistical Report.
  • 2The 2002 Investor Guide is attached as Exhibit 99 to this filing.
  • 3The filing indicates that the information provided, including the exhibit, is furnished under Regulation FD and is not filed.
  • 4The Investor Guide contains non-GAAP financial measures, notably 'operational earnings per share'.
  • 5Operational earnings per share excludes the impact of 'special items' which are defined as non-routine, prior period, or discontinued business-related events.
  • 6Other non-GAAP measures such as operational ROIC and ROE are also presented, excluding special items.
  • 7Entergy Corporation believes these operational metrics offer investors insights into ongoing business results and aid in industry comparisons.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and provide access to Entergy Corporation's 2002 Investor Guide and Statistical Report, which is included as an exhibit. This guide contains detailed financial and operational information for the year 2002.

Operational earnings per share is a non-GAAP financial measure used by Entergy. It is calculated by excluding 'special items' – events that are not routine, relate to prior periods, or stem from discontinued businesses. Entergy uses this measure, along with operational ROIC and ROE, to provide investors with a view of the company's ongoing performance and to facilitate comparisons with industry peers.

No, Entergy Corporation explicitly states that the non-GAAP financial information, including operational earnings per share, should be considered in addition to, and not as a substitute for, or superior to, the earnings per share prepared in accordance with GAAP. Investors should review both GAAP and non-GAAP measures for a comprehensive understanding.

The detailed financial and operational information for 2002 is contained within the 2002 Investor Guide and Statistical Report, which is provided as Exhibit 99 to this Form 8-K filing.