XML 25 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Apr. 12, 2016
Sep. 30, 2016
Sep. 30, 2016
Sep. 30, 2015
Predecessor [Member]        
Operating activities [Abstract]        
Net (loss) income $ (3,960)     $ 111,819
Adjustments to reconcile net (loss) income to net cash provided by operating activities [Abstract]        
Depreciation and amortization 45,869     117,831
Gain on sale of asset (1,095)     0
Unearned compensation expense 3,276     4,819
Allowance for equity funds used during construction (724)     (2,197)
Net deferred income taxes 2,219     62,871
Deferred fuel costs 977     1,010
Cash surrender value of company-/trust-owned life insurance (840)     2,258
Provision for merger commitments 0     0
Changes in assets and liabilities [Abstract]        
Accounts receivable (1,865)     (24,890)
Accounts and notes receivable, affiliate 0     0
Unbilled revenue 563     (2,019)
Fuel inventory and materials and supplies 19,312     (3,422)
Prepayments 2,395     3,659
Accounts payable 8,348     (32,248)
Customer deposits 3,342     9,357
Postretirement benefit obligations 9,746     10,430
Regulatory assets and liabilities, net 5,178     13,858
Other deferred accounts 6,878     (8,029)
Taxes accrued 10,820     24,878
Interest accrued 17,909     13,115
Deferred compensation (793)     (1,335)
Other operating 2,224     2,239
Net cash provided by operating activities 129,779     304,004
Investing activities [Abstract]        
Additions to property, plant, and equipment (42,392)     (116,678)
Allowance for equity funds used during construction 724     2,197
Proceeds from sale of property 1,932     429
Premiums paid on trust-owned life insurance 0     (2,571)
Contributions to equity investment in investee (2,450)     (1,840)
Return of equity investment in tax credit fund 476     1,649
Contributions to tax credit fund 0     (4,091)
Transfer of cash (to) from restricted accounts, net 4,847     4,536
Other investing 53     173
Net cash used in investing activities (36,810)     (116,196)
Financing activities [Abstract]        
Draws on credit facilities 3,000     108,000
Payments on credit facilities (10,000)     (147,000)
Issuance of long-term debt 0     0
Repayment of long-term debt (8,546)     (100,824)
Payment of financing costs (43)     (186)
Dividends paid (24,579)     (73,076)
Contribution from member 0     0
Distributions to parent 0     0
Other financing (717)     (1,816)
Net cash provided by (used in) financing activities (40,885)     (214,902)
Net (decrease) increase in cash and cash equivalents 52,084     (27,094)
Cash and cash equivalents at beginning of period 68,246 $ 120,330 $ 68,246 44,423
Cash and cash equivalents at end of period 120,330     17,329
Supplementary cash flow information [Abstract]        
Interest paid, net of amount capitalized 2,478     42,201
Income taxes paid (refunded), net (481)     1,434
Supplementary non-cash investing and financing activities [Abstract]        
Accrued additions to property, plant, and equipment 10,619     4,869
Additions to property, plant, and equipment - ARO 961     0
Successor [Member]        
Operating activities [Abstract]        
Net (loss) income   (42,294)    
Adjustments to reconcile net (loss) income to net cash provided by operating activities [Abstract]        
Depreciation and amortization   104,561    
Gain on sale of asset   0    
Unearned compensation expense   769    
Allowance for equity funds used during construction   (2,056)    
Net deferred income taxes   (25,681)    
Deferred fuel costs   (11,489)    
Cash surrender value of company-/trust-owned life insurance   (2,198)    
Provision for merger commitments   40,357    
Changes in assets and liabilities [Abstract]        
Accounts receivable   (23,157)    
Accounts and notes receivable, affiliate   (3,794)    
Unbilled revenue   (13,643)    
Fuel inventory and materials and supplies   19,464    
Prepayments   (236)    
Accounts payable   (15,294)    
Customer deposits   5,421    
Postretirement benefit obligations   2,267    
Regulatory assets and liabilities, net   9,640    
Other deferred accounts   (2,065)    
Taxes accrued   5,006    
Interest accrued   13,479    
Deferred compensation   (987)    
Other operating   8,633    
Net cash provided by operating activities   66,703    
Investing activities [Abstract]        
Additions to property, plant, and equipment   (102,677)    
Allowance for equity funds used during construction   2,056    
Proceeds from sale of property   263    
Premiums paid on trust-owned life insurance   0    
Contributions to equity investment in investee   0    
Return of equity investment in tax credit fund   901    
Contributions to tax credit fund   0    
Transfer of cash (to) from restricted accounts, net   (33,943)    
Other investing   137    
Net cash used in investing activities   (133,263)    
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   (1,358,268)    
Payment of financing costs   (6,860)    
Dividends paid   (572)    
Contribution from member   100,720    
Distributions to parent   (56,000)    
Other financing   (1,220)    
Net cash provided by (used in) financing activities   27,800    
Net (decrease) increase in cash and cash equivalents   (38,760)    
Cash and cash equivalents at beginning of period   120,330    
Cash and cash equivalents at end of period 120,330 81,570 81,570  
Supplementary cash flow information [Abstract]        
Interest paid, net of amount capitalized   42,963    
Income taxes paid (refunded), net   256    
Supplementary non-cash investing and financing activities [Abstract]        
Accrued additions to property, plant, and equipment   15,853    
Additions to property, plant, and equipment - ARO   0    
Cleco Power [Member]        
Operating activities [Abstract]        
Net (loss) income     12,222 119,080
Adjustments to reconcile net (loss) income to net cash provided by operating activities [Abstract]        
Depreciation and amortization     120,703 115,160
Gain on sale of asset     (1,095) 0
Unearned compensation expense     1,394 1,465
Allowance for equity funds used during construction     (2,780) (2,197)
Net deferred income taxes     5,201 34,073
Deferred fuel costs     (10,512) 1,010
Provision for merger commitments     40,357 0
Changes in assets and liabilities [Abstract]        
Accounts receivable     (24,378) (24,847)
Accounts and notes receivable, affiliate     1,647 6,558
Unbilled revenue     (13,080) (2,019)
Fuel inventory and materials and supplies     38,776 (3,422)
Prepayments     1,368 1,741
Accounts payable     (9,485) (29,097)
Accounts and notes payable, affiliate     (2,583) (2,377)
Customer deposits     8,763 9,357
Postretirement benefit obligations     3,656 5,366
Regulatory assets and liabilities, net     13,893 13,858
Other deferred accounts     4,813 (6,560)
Taxes accrued     1,607 58,915
Interest accrued     15,147 12,681
Other operating     8,832 1,602
Net cash provided by operating activities     214,466 310,347
Investing activities [Abstract]        
Additions to property, plant, and equipment     (144,637) (116,360)
Allowance for equity funds used during construction     2,780 2,197
Proceeds from sale of property     2,195 429
Contributions to equity investment in investee     (2,450) (1,840)
Transfer of cash (to) from restricted accounts, net     (29,096) 4,536
Other investing     190 173
Net cash used in investing activities     (171,018) (110,865)
Financing activities [Abstract]        
Draws on credit facilities     15,000 63,000
Payments on credit facilities     (15,000) (83,000)
Repayment of long-term debt     (16,814) (100,824)
Contribution from member     50,000 0
Distributions to parent     (85,000) (100,000)
Other financing     (2,070) (1,999)
Net cash provided by (used in) financing activities     (53,884) (222,823)
Net (decrease) increase in cash and cash equivalents     (10,436) (23,341)
Cash and cash equivalents at beginning of period $ 65,705   65,705 39,162
Cash and cash equivalents at end of period   $ 55,269 55,269 15,821
Supplementary cash flow information [Abstract]        
Interest paid, net of amount capitalized     40,153 42,165
Income taxes paid (refunded), net     (485) 565
Supplementary non-cash investing and financing activities [Abstract]        
Accrued additions to property, plant, and equipment     15,837 4,860
Additions to property, plant, and equipment - ARO     $ 961 $ 0