Company: EAI
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000065984-25-000087
Chunk: 426

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 426
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 the financial statements herein for discussion of the nuclear production tax credits recorded in second quarter 2025.

Liquidity and Capital Resources

Cash Flow

Cash flows for the six months ended June 30, 2025 and 2024 were as follows:

20252024(In Thousands)Cash and cash equivalents at beginning of period$28,908 $60 Net cash provided by (used in):Operating activities131,501 27,420 Investing activities(55,988)(216,666)Financing activities(72,632)220,264 Net increase in cash and cash equivalents2,881 31,018 Cash and cash equivalents at end of period$31,789 $31,078 

Operating Activities

Net cash flow provided by operating activities increased $104.1 million for the six months ended June 30, 2025 compared to the six months ended June 30, 2024 primarily due to the refund of $92 million made in May 2024 to Entergy Arkansas as a result of the settlement with the APSC and a decrease of $20.4 million in spending on nuclear refueling outage costs in 2025 as compared to 2024.  See Note 2 to the financial statements in the Form 10-K for discussion of the settlement with the APSC.

Investing Activities

Net cash flow used in investing activities decreased $160.7 million for the six months ended June 30, 2025 compared to the six months ended June 30, 2024 primarily due to net proceeds of $16.6 million in 2025 compared to net purchases of $115.5 million in 2024 as a result of fluctuations in nuclear fuel activity due to variations from year to year in the timing and pricing of fuel reload requirements, material and services deliveries, and the timing of cash payments during the nuclear fuel cycle and a decrease of $31.8 million in nuclear construction expenditures primarily due to higher spending in 2024 on Grand Gulf outage projects and upgrades.

Financing Activities

System Energy’s financing activities used $72.6 million of cash for the six months ended June 30, 2025 compared to providing $220.3 million of cash for the six months ended June 30, 2024 primarily due to the following activity:

•the repayment, prior to maturity, of $200 million of 2.14% Series mortgage bonds in June 2025;

•a capital contribution of $150 million received from Ent