Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 584

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 584
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 protective rights with respect to unpaid dividends but provides for the election of board members that would not constitute a majority of the board, and the preferred stock of Entergy Texas is therefore classified as a component of equity.The outstanding preferred securities of Entergy Utility Holding Company, LLC (a Utility subsidiary) and Entergy Finance Holding, Inc. (an Entergy subsidiary in the non-utility operations business), in each case, whose preferred holders have protective rights, are presented between liabilities and equity on Entergy’s consolidated balance sheets.  The preferred dividends or distributions paid by all subsidiaries are reflected for all periods presented outside of consolidated net income.

NOTE 7.  COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common StockOn October 30, 2024, Entergy’s board of directors approved a two-for-one forward stock split of Entergy Corporation common stock (the stock split).  On December 12, 2024, Entergy effected the stock split and a proportionate increase in the number of authorized shares of its common stock.  Shares began trading on a split-adjusted basis at market open on December 13, 2024.  Entergy’s authorized common stock increased from 499 million to 998 million shares.  The shares of common stock retain a par value of $0.01 per share.  Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock.  Historical share and share-based data presented herein has been retroactively adjusted to reflect the stock split.The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements: For the Years Ended December 31, 202420232022 (Dollars In Thousands, Except Per Share Data; Shares in Millions)  $/share $/share $/shareConsolidated net income$1,061,184 $2,362,310 $1,097,138 Less: Preferred dividend requirements of subsidiaries and noncontrolling interests5,594 5,774 (6,028)Net income attributable to Entergy Corporation$1,055,590  $2,356,536  $1,103,166  Basic shares and earnings per average common share427.7 $2.47 423.1 $