8-KOther Events

ENTERGY CORP /DE/ 8-K Report (Feb 2, 2004)

Filed February 2, 2004For Securities:ETR

Summary

Entergy Corporation filed an 8-K on February 2, 2004, to disclose earnings information and related financial data. The report primarily serves to furnish, rather than file, this information under Regulation FD, ensuring broad public access to material company announcements. Investors should note that Entergy is presenting non-GAAP financial measures alongside GAAP figures, specifically "operational earnings per share" and "operational return on invested capital (ROIC)" and "operational return on equity (ROE)". These "operational" metrics exclude the impact of "special items," which are defined as unusual, prior-period related, or discontinued business events. Entergy utilizes these non-GAAP measures internally for performance assessment and believes they offer investors a clearer view of ongoing business results and comparability within the energy sector.

Key Highlights

  • 1Entergy Corporation filed an 8-K on February 2, 2004, to publicly disseminate financial results and related information.
  • 2The filing includes two earnings releases (Exhibits 99.1 and 99.2) and a slide presentation (Exhibit 99.3) from the CFO.
  • 3Information is furnished under Regulation FD and Item 12, indicating a focus on public disclosure and results of operations.
  • 4Entergy is presenting non-GAAP financial measures, including "operational earnings per share," "operational ROIC," and "operational ROE."
  • 5These operational metrics exclude "special items," which are defined as non-routine, prior-period, or discontinued business impacts.
  • 6The company believes these non-GAAP measures provide valuable insights into ongoing business performance and facilitate comparisons within the energy sector.
  • 7Investors are advised to consider these non-GAAP measures in conjunction with, not as a substitute for, GAAP-reported figures.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose Entergy Corporation's earnings information and related financial data through earnings releases and a CFO presentation. The information is furnished under Regulation FD to ensure all investors have access to material company announcements.

"Operational earnings per share," along with "operational return on invested capital (ROIC)" and "operational return on equity (ROE)," are non-GAAP financial measures. They differ from standard GAAP calculations by excluding the impact of "special items," which are defined as events that are not routine, relate to prior periods, or arise from discontinued businesses.

Entergy presents these non-GAAP measures because they use them internally for budgeting and performance monitoring to gauge business performance and the ongoing strength of each segment. The company believes these metrics provide useful information to investors for evaluating ongoing business results and comparing operating performance to peers in the energy sector.

Investors should consider the non-GAAP financial information presented in the earnings releases in addition to, and not as a substitute for, or superior to, the earnings per share prepared in accordance with GAAP. These operational figures offer a specific perspective on the company's performance excluding certain unusual or non-recurring items.