XML 52 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating revenue    
Electric operations $ 269,759 $ 229,425
Other operations 14,814 11,543
Affiliate revenue 0 0
Gross operating revenue 284,573 240,968
Electric customer credits (186) (21)
Operating revenue, net 284,387 240,947
Operating expenses    
Fuel used for electric generation 59,047 85,365
Power purchased for utility customers 52,724 4,856
Other operations 26,993 26,924
Maintenance 32,369 17,635
Depreciation 41,741 34,032
Taxes other than income taxes 14,106 12,634
Loss (gain) on sale of assets 69 1,034
Total operating expenses 227,049 182,480
Operating income 57,338 58,467
Interest income 602 201
Allowance for other funds used during construction 1,631 1,164
Other income 971 2,273
Other expense (672) (435)
Interest charges    
Interest charges, including amortization of debt expense, premium, and discount, net 20,758 21,831
Allowance for borrowed funds used during construction (490) (375)
Total interest charges 20,268 21,456
Income before income taxes 39,602 40,214
Federal and state income tax expense 13,678 13,081
Net income 25,924 27,133
Net income applicable to common stock 25,924 27,133
Average shares of common stock outstanding    
Average number of basic common shares outstanding (in shares) 60,472,969 60,399,697
Average number of diluted common shares outstanding (in shares) 60,713,587 60,667,401
Basic earnings per share    
Net income applicable to common stock (in dollars per share) $ 0.43 $ 0.45
Diluted earnings per share    
Net income applicable to common stock (in dollars per share) $ 0.43 $ 0.45
Cash dividends paid per share of common stock $ 0.3625 $ 0.3375
Cleco Power [Member]
   
Operating revenue    
Electric operations 269,759 229,425
Other operations 14,272 11,038
Affiliate revenue 335 336
Gross operating revenue 284,366 240,799
Electric customer credits (186) (21)
Operating revenue, net 284,180 240,778
Operating expenses    
Fuel used for electric generation 59,047 85,365
Power purchased for utility customers 58,191 9,693
Other operations 25,321 25,373
Maintenance 30,256 14,794
Depreciation 40,203 32,330
Taxes other than income taxes 12,974 11,458
Total operating expenses 225,992 179,013
Operating income 58,188 61,765
Interest income 602 198
Allowance for other funds used during construction 1,631 1,164
Other income 363 697
Other expense (509) (444)
Interest charges    
Interest charges, including amortization of debt expense, premium, and discount, net 20,248 21,724
Allowance for borrowed funds used during construction (490) (375)
Total interest charges 19,758 21,349
Income before income taxes 40,517 42,031
Federal and state income tax expense 14,210 14,238
Net income $ 26,307 $ 27,793