8-KOther Events

ENTERGY CORP /DE/ 8-K Report (Oct 23, 2003)

Filed October 23, 2003For Securities:ETR

Summary

This Form 8-K filing by Entergy Corporation on October 23, 2003, primarily serves to announce the company's latest earnings results and provide related financial information. The report incorporates by reference two earnings releases and a slide presentation from the Chief Financial Officer. Entergy is also hosting an earnings conference call on the same day to discuss these results, which can be accessed via their website. A key aspect highlighted in the filing is Entergy's use of non-GAAP financial measures, specifically "operational earnings per share." This metric excludes "special items" such as routine, prior period, or discontinued business impacts. The company asserts that these operational earnings provide a clearer view of ongoing business performance and facilitate comparisons within the energy sector. Investors are advised to consider these non-GAAP figures alongside, not as a replacement for, GAAP-based reporting.

Key Highlights

  • 1Entergy Corporation filed a Form 8-K on October 23, 2003, to report financial results.
  • 2The filing includes two earnings releases (Exhibits 99.1 and 99.2) and a CFO slide presentation (Exhibit 99.3).
  • 3A conference call for investors to discuss earnings was scheduled for October 23, 2003, at 10:00 a.m. CST.
  • 4Entergy is utilizing non-GAAP financial measures, notably 'operational earnings per share', in its reporting.
  • 5Operational earnings per share excludes 'special items' which are defined as non-routine, prior period, or discontinued business impacts.
  • 6The company believes these non-GAAP metrics offer a better understanding of ongoing business performance and industry comparisons.
  • 7Reconciliations between non-GAAP and GAAP financial measures are provided in the earnings releases, as required by Regulation G.

Frequently Asked Questions

The main purpose of this Form 8-K filing is to announce Entergy Corporation's earnings results for the period and to provide investors with related financial information, including earnings releases and a presentation.

'Operational earnings per share' is a non-GAAP financial measure used by Entergy that excludes 'special items' (non-routine, prior period, or discontinued business impacts). Entergy uses this metric because management believes it provides a more useful view of the ongoing results of its businesses and facilitates comparisons with other companies in the energy sector.

Investors can find more details in the two earnings releases (Exhibits 99.1 and 99.2) and the slide presentation (Exhibit 99.3) attached to this Form 8-K filing. These documents, along with reconciliations of non-GAAP to GAAP measures, were made available on Entergy's website and discussed during the earnings conference call.

No, Entergy states that the non-GAAP information, including operational earnings per share, should be considered in addition to, and not as a substitute for, or superior to, earnings per share prepared in accordance with GAAP. Reconciliations to GAAP are provided.