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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 10,861 $ 6,292
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 46,754 46,727
Unearned compensation expense 1,116 955
Allowance for equity funds used during construction (2,363) (911)
Deferred income taxes 1,733 3,041
Deferred fuel costs (11,353) (2,982)
Cash surrender value of company-/trust-owned life insurance 346 (1,702)
Changes in assets and liabilities    
Accounts receivable 10,563 8,346
Unbilled revenue 6,387 4,765
Fuel inventory and materials and supplies 11,573 (7,733)
Prepayments 2,199 1,318
Accounts payable (40,239) (27,148)
Customer deposits 3,500 2,622
Provision for merger commitments (1,187) (3,866)
Postretirement benefit obligations 1,007 1,213
Regulatory assets and liabilities, net 3,960 2,599
Other deferred accounts 5,871 1,920
Taxes accrued 11,108 12,568
Interest accrued 26,220 25,620
Other operating (93) 1,138
Net cash provided by operating activities 87,963 74,782
Investing activities    
Additions to property, plant, and equipment (64,133) (47,890)
Allowance for equity funds used during construction 2,363 911
Reimbursement for property loss 1,172 39
Return of equity investment in tax credit fund 2,775 426
Other investing 75 (388)
Net cash used in investing activities (57,748) (46,902)
Financing activities    
Issuances of long-term debt 50,000 0
Repayment of long-term debt (9,700) (9,060)
Distributions to member (19,500) (28,955)
Other financing (655) (213)
Net cash provided by (used in) financing activities 20,145 (38,228)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents 50,360 (10,348)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 152,202 [1] 69,571
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 202,562 [2] 59,223
Supplementary cash flow information    
Interest paid, net of amount capitalized 4,236 4,011
Income taxes refunded, net 270 1
Supplementary non-cash investing and financing activities    
Accrued additions to property, plant, and equipment 35,067 27,617
Cleco Power    
Operating activities    
Net income 26,004 17,854
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 42,022 40,871
Allowance for equity funds used during construction (2,363) (911)
Deferred income taxes 4,692 10,135
Deferred fuel costs (11,353) (2,982)
Changes in assets and liabilities    
Accounts receivable 10,710 8,064
Unbilled revenue 6,387 4,765
Fuel inventory and materials and supplies 11,573 (7,733)
Prepayments 2,075 925
Accounts payable (35,030) (23,836)
Accounts payable, affiliate 672 2,083
Customer deposits 3,500 2,622
Provision for merger commitments (1,187) (3,866)
Postretirement benefit obligations 1,061 1,026
Regulatory assets and liabilities, net 3,463 2,103
Other deferred accounts 6,116 1,494
Taxes accrued 13,127 11,769
Interest accrued 15,555 14,230
Other operating 2,322 2,566
Net cash provided by operating activities 99,346 81,179
Investing activities    
Additions to property, plant, and equipment (63,343) (46,744)
Allowance for equity funds used during construction 2,363 911
Reimbursement for property loss 1,172 39
Other investing 75 242
Net cash used in investing activities (59,733) (45,552)
Financing activities    
Issuances of long-term debt 50,000 0
Repayment of long-term debt (9,700) (9,060)
Distributions to member (28,000) (35,000)
Other financing (655) (675)
Net cash provided by (used in) financing activities 11,645 (44,735)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents 51,258 (9,108)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 102,957 [3] 67,955
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 154,215 [4] 58,847
Supplementary cash flow information    
Interest paid, net of amount capitalized 1,789 2,212
Supplementary non-cash investing and financing activities    
Accrued additions to property, plant, and equipment $ 35,038 $ 27,493
[1] Includes cash and cash equivalents are $119,040, current restricted cash and cash equivalents are $13,081, non-current restricted cash and cash equivalents are $20,081.
[2] Includes cash and cash equivalents are $176,508, current restricted cash and cash equivalents are $6,727, non-current restricted cash and cash equivalents are $19,327.
[3] Includes cash and cash equivalents are $69,816, current restricted cash and cash equivalents are $13,081, non-current restricted cash and cash equivalents are $20,060.
[4] Includes cash and cash equivalents are $128,182, current restricted cash and cash equivalents are $6,727, non-current restricted cash and cash equivalents are $19,306.