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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 176,508 $ 119,040
Restricted cash and cash equivalents 6,727 13,081
Customer accounts receivable (less allowance for doubtful accounts) 52,277 60,117
Other accounts receivable 22,680 30,806
Unbilled revenue 30,011 36,398
Fuel inventory, at average cost 73,215 87,520
Materials and supplies, at average cost 88,420 85,404
Energy risk management assets 4,828 7,396
Accumulated deferred fuel 23,053 13,980
Cash surrender value of company-/trust-owned life insurance policies 82,771 83,117
Prepayments 6,690 9,050
Regulatory assets 22,207 24,670
Other current assets 681 1,146
Total current assets 590,068 571,725
Property, plant, and equipment    
Property, plant, and equipment 3,629,249 3,594,525
Accumulated depreciation (221,941) (192,348)
Net property, plant, and equipment 3,407,308 3,402,177
Construction work in progress 212,847 186,629
Total property, plant, and equipment, net 3,620,155 3,588,806
Equity investment in investee 18,172 18,172
Goodwill 1,490,797 1,490,797
Restricted cash and cash equivalents 19,327 20,081
Regulatory assets 425,041 432,358
Intangible assets 107,881 114,850
Other deferred charges 38,540 41,593
Total assets 6,309,981 6,278,382
Current liabilities    
Long-term debt due within one year 19,875 19,193
Accounts payable 95,542 147,562
Customer deposits 59,765 58,582
Provision for rate refund 11,805 4,206
Taxes payable, net 34,264 22,698
Interest accrued 40,924 14,703
Deferred compensation 11,322 12,132
Other current liabilities 21,633 21,278
Total current liabilities 295,130 300,354
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 618,657 614,812
Postretirement benefit obligations 243,084 242,135
Regulatory liabilities - deferred taxes, net 138,329 140,426
Restricted storm reserve 14,705 14,469
Other deferred credits 38,251 33,724
Total long-term liabilities and deferred credits 1,053,026 1,045,566
Long-term debt, net 2,874,064 2,836,105
Total liabilities 4,222,220 4,182,025
Commitments and contingencies (Note 12)
Member’s equity    
Membership interest 2,069,376 2,069,376
Retained earnings 21,263 29,902
Accumulated other comprehensive loss (2,878) (2,921)
Total member’s equity 2,087,761 2,096,357
Total liabilities and member’s equity 6,309,981 6,278,382
Cleco Power    
Current assets    
Cash and cash equivalents 128,182 69,816
Restricted cash and cash equivalents 6,727 13,081
Customer accounts receivable (less allowance for doubtful accounts) 52,277 60,117
Accounts receivable - affiliate 1,311 1,355
Other accounts receivable 22,278 30,680
Unbilled revenue 30,011 36,398
Fuel inventory, at average cost 73,215 87,520
Materials and supplies, at average cost 88,420 85,404
Energy risk management assets 4,828 7,396
Accumulated deferred fuel 23,053 13,980
Cash surrender value of company-/trust-owned life insurance policies 20,341 20,278
Prepayments 5,000 7,236
Regulatory assets 13,350 15,812
Other current assets 0 475
Total current assets 468,993 449,548
Property, plant, and equipment    
Property, plant, and equipment 4,924,970 4,893,484
Accumulated depreciation (1,737,911) (1,712,590)
Net property, plant, and equipment 3,187,059 3,180,894
Construction work in progress 212,727 185,507
Total property, plant, and equipment, net 3,399,786 3,366,401
Equity investment in investee 18,172 18,172
Restricted cash and cash equivalents 19,306 20,060
Regulatory assets 252,889 257,408
Intangible assets 37,216 41,701
Other deferred charges 35,125 35,451
Total assets 4,231,487 4,188,741
Current liabilities    
Long-term debt due within one year 19,875 19,193
Accounts payable 87,607 134,374
Accounts payable - affiliate 9,969 8,697
Customer deposits 59,765 58,582
Provision for rate refund 11,805 4,206
Taxes payable, net 45,197 31,611
Interest accrued 22,638 7,083
Other current liabilities 16,960 16,172
Total current liabilities 273,816 279,918
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 663,255 656,362
Postretirement benefit obligations 174,971 173,747
Regulatory liabilities - deferred taxes, net 138,329 140,426
Restricted storm reserve 14,705 14,469
Other deferred credits 36,022 31,665
Total long-term liabilities and deferred credits 1,027,282 1,016,669
Long-term debt, net 1,381,409 1,341,475
Total capitalization 2,930,389 2,892,154
Commitments and contingencies (Note 12)
Member’s equity    
Total member’s equity 1,548,980 1,550,679
Total liabilities and member’s equity $ 4,231,487 $ 4,188,741