8-KOther Events

ENTERGY CORP /DE/ 8-K Report (May 19, 2004)

Filed May 19, 2004For Securities:ETR

Summary

Entergy Corporation (ETR) filed a Form 8-K on May 19, 2004, primarily to disclose the publication of its 2003 Investor Guide and Statistical Report on May 18, 2004. This report contains important financial information for investors, including both GAAP and non-GAAP financial measures. The company is furnishing this information under Regulation FD and Item 12 of Form 8-K, indicating it's for informational purposes and not for incorporation into registration statements. The key focus of this filing for investors is the availability of the 2003 Investor Guide. This guide provides detailed operational earnings per share (EPS) for various business segments and on a consolidated basis, excluding "special items" which are defined as non-routine events, prior period impacts, or discontinued business effects. Additionally, metrics like Return on Invested Capital (ROIC) and Return on Equity (ROE) are presented on both an operational and "as reported" basis. Management believes these operational metrics offer a clearer view of ongoing business performance and aid in comparing Entergy's performance to industry peers.

Key Highlights

  • 1Entergy Corporation published its 2003 Investor Guide and Statistical Report on May 18, 2004.
  • 2The 8-K filing serves as a disclosure vehicle for this investor guide, provided under Regulation FD and Item 12.
  • 3The investor guide includes "operational earnings per share" which excludes "special items" (non-routine, prior period, or discontinued business impacts).
  • 4Key financial metrics like Return on Invested Capital (ROIC) and Return on Equity (ROE) are presented in both "operational" and "as reported" (GAAP) formats.
  • 5Management utilizes these non-GAAP "operational" metrics to assess ongoing business performance and for peer comparison.
  • 6The information furnished is not intended to be incorporated into any registration statements.
  • 7The filing also lists several subsidiaries of Entergy Corporation.

Frequently Asked Questions

The primary purpose of this Form 8-K is to inform investors that Entergy Corporation has published its 2003 Investor Guide and Statistical Report, which contains detailed financial information for the year. This disclosure is made under Regulation FD and Item 12 of Form 8-K.

Operational earnings per share (EPS) are a non-GAAP financial measure that excludes the impact of "special items." Special items are defined as events that are not routine, relate to prior periods, or stem from discontinued businesses. Entergy's management uses operational EPS to provide investors with a clearer view of the ongoing performance of the company's core businesses and to facilitate comparisons with industry peers.

The Investor Guide presents both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial measures. While the company provides reconciliations for non-GAAP measures to the most directly comparable GAAP measures, the "operational" metrics, including operational EPS, ROIC, and ROE, are not calculated in strict accordance with GAAP as they exclude "special items."

No, investors should consider the "operational" financial measures in addition to, and not as a substitute for, or superior to, the "as reported" earnings per share prepared in accordance with GAAP. The company emphasizes that the non-GAAP information should be viewed alongside its GAAP-based financial results.