AI English summary of an SEC filing — figures as filed
Entergy ETRThe company said its earnings per share for Q4 2023 were $4.64 on an as-reported basis and 52 cents on an adjusted (non-GAAP) basis. For the full year, it reported earnings per share of $11.10 on an as-reported basis and $6.77 on an adjusted basis.
Key points
AI summaryThe company said its earnings per share for Q4 2023 were $4.64 on an as-reported basis and 52 cents on an adjusted (non-GAAP) basis. For the full year, it reported earnings per share of $11.10 on an as-reported basis and $6.77 on an adjusted basis.
The company said it recognized an income tax benefit of $568 million in Q4 2023 from the resolution of the 2016–2018 IRS audit, and also recorded a regulatory provision of 98 million to share the benefits with customers. It treated these items as adjustments and excluded them from adjusted earnings.
Entergy said full-year 2023 consolidated operating cash flow (OCF) was $4,294 million, up $1,709 million from $2,585 million in 2022. The company cited lower fuel and purchased power payments at the Utility, higher non-capital storm restoration spending in 2022, and lower pension contributions as factors.
Entergy said it initiated its 2024 adjusted EPS guidance range at $7.05 to $7.35. The company said it has not provided a reconciliation of this guidance to GAAP guidance because it cannot predict and quantify with a reasonable degree of confidence all of the adjustments that may occur, such as regulatory charges related to outstanding regulatory complaints and significant income tax items.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
Q4 2023 and Full-Year Earnings Per Share
The company said its earnings per share for Q4 2023 were $4.64 on an as-reported basis and 52 cents on an adjusted (non-GAAP) basis. For the full year, it reported earnings per share of $11.10 on an as-reported basis and $6.77 on an adjusted basis.
Source · Based on the filing body and exhibits
Tax Effect of 2016–2018 IRS Audit Resolution
The company said it recognized an income tax benefit of $568 million in Q4 2023 from the resolution of the 2016–2018 IRS audit, and also recorded a regulatory provision of 98 million to share the benefits with customers. It treated these items as adjustments and excluded them from adjusted earnings.
Source · Based on the filing body and exhibits
Full-Year 2023 Operating Cash Flow
Entergy said full-year 2023 consolidated operating cash flow (OCF) was $4,294 million, up $1,709 million from $2,585 million in 2022. The company cited lower fuel and purchased power payments at the Utility, higher non-capital storm restoration spending in 2022, and lower pension contributions as factors.
Source · Based on the filing body and exhibits
2024 Adjusted EPS Guidance
Entergy said it initiated its 2024 adjusted EPS guidance range at $7.05 to $7.35. The company said it has not provided a reconciliation of this guidance to GAAP guidance because it cannot predict and quantify with a reasonable degree of confidence all of the adjustments that may occur, such as regulatory charges related to outstanding regulatory complaints and significant income tax items.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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