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8-K - FORM 8-K OCTOBER 15,2009 - ENTERGY CORP /DE/ | a5409.htm |
EX-99.1 - EXHIBIT 99.1 - EARNINGS GUIDANCE - ENTERGY CORP /DE/ | a05409991.htm |
Exhibit
99.2
STATEMENT
ON USES AND USEFULNESS OF NON-GAAP FINANCIAL MEASURES
Exhibit
99.1 to this Report on Form 8-K (the "Pre-Release") contains the non-GAAP
financial measure of operational earnings per share. Generally, a
non-GAAP financial measure is a numerical measure of a company's performance,
financial position, or cash flows that either excludes or includes amounts that
are not normally excluded or included in the most directly comparable measure
calculated and presented in accordance with United States generally accepted
accounting principles, or GAAP. Pursuant to the requirements of
Regulation G, Entergy has provided quantitative reconciliations within the
Pre-Release of the non-GAAP financial measures to the most directly comparable
GAAP financial measures.
Operational
earnings per share is not calculated in accordance with GAAP because it excludes
the impact of "special items". Special items reflect the impact on
earnings of events that are less routine, are related to prior periods, or are
related to discontinued businesses. Management believes the
discussion of operational earnings provides useful information to investors in
evaluating the ongoing results of Entergy's businesses and assists investors in
comparing the company's operating performance to the operating performance of
others in the energy sector. Entergy management frequently references
operational earnings in its decision-making, using that measure to facilitate
historical and ongoing performance comparisons as well as comparisons to the
performance of peer companies.
The
non-GAAP information in the Pre-Release is used in addition to, and in
conjunction with, results presented in accordance with GAAP. The non-GAAP
information should not be relied upon to the exclusion of GAAP financial
measures. The non-GAAP information reflects an additional way of viewing
aspects of our operations that, when viewed with our GAAP results and the
accompanying reconciliations to corresponding GAAP financial measures, may
provide a more complete understanding of factors and trends affecting our
business. Investors are strongly encouraged to review our consolidated
financial statements and publicly filed reports in their entirety and to not
rely on any single financial measure. Non-GAAP information is not
standardized; therefore, it may not be possible to compare this information with
other companies' non-GAAP financial measures having the same or similar
names