8-KOther Events

ENTERGY CORP /DE/ 8-K Report (Apr 26, 2004)

Filed April 26, 2004For Securities:ETR

Summary

This Form 8-K filing from Entergy Corporation, dated April 26, 2004, primarily serves to furnish important financial updates and disclosures to investors. The report includes earnings releases and a slide presentation from senior management, J. Wayne Leonard (CEO) and Leo P. Denault (CFO). These materials, accessible via the company's website and a webcast, detail Entergy's operational and financial results. A key aspect of this filing is the company's use and explanation of non-GAAP financial measures, such as 'operational earnings per share,' 'return on invested capital' (ROIC), and 'return on equity' (ROE). Entergy clarifies that these 'operational' metrics exclude 'special items' like routine events, prior period impacts, or discontinued businesses. Management believes these non-GAAP measures offer valuable insights into ongoing business performance and facilitate comparisons within the energy sector, being frequently used in internal decision-making and for benchmarking against peers.

Key Highlights

  • 1Entergy Corporation filed a Form 8-K on April 26, 2004, to provide an update on its financial results and operations.
  • 2The filing includes two earnings releases and a slide presentation from the company's CEO and CFO.
  • 3These materials were made available to the public and accessible via a webcast on Entergy's website.
  • 4Entergy disclosed its use of non-GAAP financial measures, including 'operational earnings per share,' 'return on invested capital' (ROIC), and 'return on equity' (ROE).
  • 5The 'operational' metrics exclude 'special items' such as routine events, prior period impacts, or discontinued businesses.
  • 6Management asserts that these non-GAAP measures provide useful insights into ongoing business performance and aid in sector comparisons.
  • 7The report also defines other non-GAAP cash flow measures like 'operating cash flow,' 'free cash flow,' and 'net cash available for new investment' used for internal budgeting and performance monitoring.

Frequently Asked Questions

The main purpose of this 8-K filing from April 26, 2004, is to furnish Entergy Corporation's recent earnings releases and a slide presentation to the public, providing an update on its financial results and operations.

'Special items' are described as impacts on earnings from events that are not routine, are related to prior periods, or are related to discontinued businesses. Entergy excludes these from its 'operational' earnings per share calculations.

Entergy uses non-GAAP financial measures because management believes they provide useful information to investors in evaluating the ongoing results of the company's businesses and assist in comparing Entergy's operating performance to that of other companies in the energy sector. These measures are also frequently referenced in internal decision-making.

Entergy defines 'operating cash flow' as net cash flow provided by operating activities (a GAAP measure) reduced by cash requirements for nuclear fuel purchases and decommissioning trust fund contributions. 'Free cash flow' is defined as operating cash flow reduced by planned maintenance capital expenditures and estimated preferred and common dividends, excluding other potential cash demands like mandatory debt service.