Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 911

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 911
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 2022.

Income Tax Legislation and Regulation

See the “Income Tax Legislation and Regulation” section of Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis for discussion of income tax legislation and regulation.

Liquidity and Capital Resources

Cash Flow

Cash flows for the years ended December 31, 2024, 2023, and 2022 were as follows:

 202420232022 (In Thousands)Cash and cash equivalents at beginning of period$6,630 $16,979 $47,627 Net cash provided by (used in): Operating activities699,455 559,391 405,649 Investing activities(705,219)(527,978)(620,740)Financing activities154,827 (41,762)184,443 Net increase (decrease) in cash and cash equivalents149,063 (10,349)(30,648)Cash and cash equivalents at end of period$155,693 $6,630 $16,979 

2024 Compared to 2023

Operating Activities

Net cash flow provided by operating activities increased $140.1 million in 2024 primarily due to:

•lower fuel and purchased power costs;

•income tax refunds of $14.2 million in 2024 as compared to income tax payments of $50.9 million in 2023.  Entergy Mississippi received income tax refunds in 2024 and made income tax payments in 2023, each in accordance with an intercompany income tax allocation agreement;

•a decrease of $13 million in storm spending in 2024 as compared to 2023; and

•a decrease of $6.1 million in pension contributions in 2024.  See “Critical Accounting Estimates – Qualified Pension and Other Postretirement Benefits” below and Note 11 to the financial statements for a discussion of qualified pension and other postretirement benefits funding.

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

The increase was partially offset by:

•the timing of recovery of fuel and purchased power costs.  See Note 2 to the financial statements for a discussion of fuel and purchased power cost recovery;

•the timing of payments to vendors;

•lower collections from customers; and

•an increase of $15.5 million in interest paid.

Investing Activities

Net cash flow used in investing activities increased $177.2 million in 2024 primarily due