Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 255

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1A
Chunk 255
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•the repayment of a $150 million unsecured term loan in 2023;

•an increase of $75.4 million in advance payments from customers for construction related to transmission, distribution, and generator interconnection agreements;

•a capital contribution of $25.7 million received in April 2023 from the noncontrolling tax equity investor in MS Sunflower Partnership, LLC and used by the partnership for payments in the acquisition of the Sunflower Solar facility.  See Note 14 to the financial statements for discussion of the Sunflower Solar facility purchase;

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Table of ContentsEntergy Mississippi, LLC and SubsidiariesManagement’s Financial Discussion and Analysis

•the repayment, prior to maturity, of $100 million of 3.75% Series mortgage bonds in June 2024; and

•money pool activity.

Decreases in Entergy Mississippi’s payable to the money pool are a use of cash flow, and Entergy Mississippi’s payable to the money pool decreased $73.8 million in 2024 compared to increasing by $73.8 million in 2023.

See Note 5 to the financial statements for details on long-term debt.

2023 Compared to 2022

See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources - Cash Flow” in Item 7 of Entergy Mississippi’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 23, 2024, for discussion of operating, investing, and financing cash flow activities for 2023 compared to 2022.

Capital Structure

Entergy Mississippi’s debt to capital ratio is shown in the following table.

 December 31,2024December 31,2023Debt to capital50.4 %50.5 %Effect of subtracting cash(1.6 %)(0.1 %)Net debt to net capital (non-GAAP)48.8 %50.4 %

Net debt consists of debt less cash and cash equivalents.  Debt consists of short-term borrowings, finance lease obligations, and long-term debt, including the currently maturing portion.  Capital consists of debt and equity.  Net capital consists of capital less cash and cash equivalents.  Entergy Mississippi uses the debt to capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating Entergy Mississippi’s financial condition.