XML 26 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Apr. 12, 2016
Jun. 30, 2016
Jun. 30, 2015
Predecessor [Member]        
Operating activities [Abstract]        
Net (loss) income   $ (3,960)   $ 57,156
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]        
Depreciation and amortization   45,869   76,951
Gain on sale of asset   (1,095)   0
Unearned compensation expense   3,276   3,341
Allowance for equity funds used during construction   (724)   (1,537)
Net deferred income taxes   2,219   33,367
Deferred fuel costs   977   7,251
Cash surrender value of company-/trust-owned life insurance   (840)   (366)
Provision for merger commitments   0   0
Changes in assets and liabilities [Abstract]        
Accounts receivable   (1,865)   (8,062)
Accounts and notes receivable, affiliate   0   0
Unbilled revenue   563   (4,866)
Fuel inventory and materials and supplies   19,312   4,973
Prepayments   2,395   1,295
Accounts payable   8,348   (27,652)
Accounts and notes payable, affiliate   0   0
Customer deposits   3,342   6,104
Postretirement benefit obligations   9,746   6,878
Regulatory assets and liabilities, net   5,178   8,764
Other deferred accounts   6,878   (7,872)
Taxes accrued   10,820   16,959
Interest accrued   17,909   1,112
Deferred compensation   (793)   (908)
Other operating   2,224   1,579
Net cash provided by operating activities   129,779   174,467
Investing activities [Abstract]        
Additions to property, plant, and equipment   (42,392)   (78,180)
Allowance for equity funds used during construction   724   1,537
Proceeds from sale of property   1,932   0
Premiums paid on trust-owned life insurance   0   (1,375)
Contributions to equity investment in investee   (2,450)   (840)
Return of equity investment in tax credit fund   476   1,172
Contributions to tax credit fund   0   (923)
Transfer of cash (to) from restricted accounts, net   4,847   (41)
Other investing   53   459
Net cash used in investing activities   (36,810)   (78,191)
Financing activities [Abstract]        
Draws on credit facilities   3,000   62,000
Payments on credit facilities   (10,000)   (87,000)
Issuance of long-term debt   0   0
Repayment of long-term debt   (8,546)   (43,053)
Payment of financing costs   (43)   (154)
Dividends paid   (24,579)   (48,869)
Contribution from member   0   0
Distributions to parent   0   0
Other financing   (717)   (1,194)
Net cash provided by (used in) financing activities   (40,885)   (118,270)
Net (decrease) increase in cash and cash equivalents   52,084   (21,994)
Cash and cash equivalents at beginning of period $ 120,330 68,246 $ 68,246 44,423
Cash and cash equivalents at end of period   120,330   22,429
Supplementary cash flow information [Abstract]        
Interest paid, net of amount capitalized   2,478   36,751
Income taxes paid (refunded), net   (481)   306
Supplementary non-cash investing and financing activities [Abstract]        
Accrued additions to property, plant, and equipment   10,619   7,674
Additions to property, plant, and equipment - ARO   961   0
Successor [Member]        
Operating activities [Abstract]        
Net (loss) income (81,914)      
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]        
Depreciation and amortization 57,718      
Gain on sale of asset 0      
Unearned compensation expense 361      
Allowance for equity funds used during construction (748)      
Net deferred income taxes (47,264)      
Deferred fuel costs (7,717)      
Cash surrender value of company-/trust-owned life insurance (1,761)      
Provision for merger commitments 150,840      
Changes in assets and liabilities [Abstract]        
Accounts receivable (5,360)      
Accounts and notes receivable, affiliate (3,786)      
Unbilled revenue (12,988)      
Fuel inventory and materials and supplies 12,765      
Prepayments (2,425)      
Accounts payable (19,143)      
Accounts and notes payable, affiliate 146      
Customer deposits 2,787      
Postretirement benefit obligations 936      
Regulatory assets and liabilities, net 4,104      
Other deferred accounts (7,109)      
Taxes accrued (8,161)      
Interest accrued (11,760)      
Deferred compensation (1,436)      
Other operating 2,705      
Net cash provided by operating activities 20,790      
Investing activities [Abstract]        
Additions to property, plant, and equipment (43,623)      
Allowance for equity funds used during construction 748      
Proceeds from sale of property 159      
Premiums paid on trust-owned life insurance 0      
Contributions to equity investment in investee 0      
Return of equity investment in tax credit fund 475      
Contributions to tax credit fund 0      
Transfer of cash (to) from restricted accounts, net (147,830)      
Other investing 104      
Net cash used in investing activities (189,967)      
Financing activities [Abstract]        
Draws on credit facilities 15,000      
Payments on credit facilities (15,000)      
Issuance of long-term debt 1,350,000      
Repayment of long-term debt (1,350,000)      
Payment of financing costs (5,830)      
Dividends paid (572)      
Contribution from member 100,720      
Distributions to parent (28,000)      
Other financing (559)      
Net cash provided by (used in) financing activities 65,759      
Net (decrease) increase in cash and cash equivalents (103,418)      
Cash and cash equivalents at beginning of period 120,330      
Cash and cash equivalents at end of period 16,912 120,330 16,912  
Supplementary cash flow information [Abstract]        
Interest paid, net of amount capitalized 37,466      
Income taxes paid (refunded), net 256      
Supplementary non-cash investing and financing activities [Abstract]        
Accrued additions to property, plant, and equipment 19,668      
Additions to property, plant, and equipment - ARO 0      
Cleco Power [Member]        
Operating activities [Abstract]        
Net (loss) income     (40,350) 60,418
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]        
Depreciation and amortization     79,059 75,591
Gain on sale of asset     (1,095) 0
Allowance for equity funds used during construction     (1,472) (1,537)
Net deferred income taxes     (22,438) 34,583
Deferred fuel costs     (6,740) 7,251
Provision for merger commitments     150,840 0
Changes in assets and liabilities [Abstract]        
Accounts receivable     (6,914) (8,204)
Accounts and notes receivable, affiliate     (680) 5,857
Unbilled revenue     (12,425) (4,866)
Fuel inventory and materials and supplies     32,077 4,973
Prepayments     (512) (867)
Accounts payable     (13,238) (22,311)
Accounts and notes payable, affiliate     (4,129) (2,619)
Customer deposits     6,129 6,104
Postretirement benefit obligations     2,426 3,533
Regulatory assets and liabilities, net     8,854 8,764
Other deferred accounts     (231) (6,409)
Taxes accrued     (11,129) 18,949
Interest accrued     1,102 1,099
Other operating     5,056 1,888
Net cash provided by operating activities     164,190 182,197
Investing activities [Abstract]        
Additions to property, plant, and equipment     (85,936) (78,010)
Allowance for equity funds used during construction     1,472 1,537
Proceeds from sale of property     2,091 0
Contributions to equity investment in investee     (2,450) (840)
Transfer of cash (to) from restricted accounts, net     (142,983) (41)
Other investing     157 459
Net cash used in investing activities     (227,649) (76,895)
Financing activities [Abstract]        
Draws on credit facilities     15,000 20,000
Payments on credit facilities     (15,000) (40,000)
Repayment of long-term debt     (8,546) (43,053)
Contribution from member     50,000 0
Distributions to parent     (35,000) (60,000)
Other financing     (1,390) (1,348)
Net cash provided by (used in) financing activities     5,064 (124,401)
Net (decrease) increase in cash and cash equivalents     (58,395) (19,099)
Cash and cash equivalents at beginning of period   $ 65,705 65,705 39,162
Cash and cash equivalents at end of period $ 7,310   7,310 20,063
Supplementary cash flow information [Abstract]        
Interest paid, net of amount capitalized     35,746 36,394
Income taxes paid (refunded), net     (485) 565
Supplementary non-cash investing and financing activities [Abstract]        
Accrued additions to property, plant, and equipment     19,571 7,639
Additions to property, plant, and equipment - ARO     $ 961 $ 0