The company said the resolution of the 2023 2016-2018 IRS audit reduced income tax expense by $568 million at Utility and by $275 million at Parent & Other, partially offset by a regulatory charge of $98 million ($72 million net of tax) at Utility.

1. 01

   The company said the resolution of the 2023 2016-2018 IRS audit reduced income tax expense by $568 million at Utility and by $275 million at Parent & Other, partially offset by a regulatory charge of $98 million ($72 million net of tax) at Utility.

2. 02

   The company said that in March 2023, the Hurricane Ida securitization reduced income tax expense by $129 million and resulted in a regulatory charge of $103 million ($76 million net of tax), and that Entergy Arkansas’s decision to forgo recovery of costs tied to the ANO stator incident led to write-offs of $78 million ($59 million net of tax).

3. 03

   The company said other operation and maintenance expenses decreased from $2,900 million in 2022 to $2,838 million in 2023. It cited a $59 million decrease in compensation and benefits costs and a $51 million decrease in transmission costs allocated by MISO as factors.

4. 04

   The company said net cash provided by operating activities increased by $1,709 million in 2023. It cited lower fuel costs and the timing of fuel and purchased power cost recovery, a $210 million decrease in storm spending, and a $203 million decrease in pension contributions as factors.

Key figures

Fiscal year ended December 31, 2023

Revenue

$12.1B

Operating income

$2.6B

Net income

$2.4B

EPS

$11.10

Operating cash flow

$4.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.