Disclosures about Segments (Tables)

6 Months Ended

Jun. 30, 2018

The financial results in the following tables are presented on an accrual basis. Management evaluates the performance of its segment and allocates resources to it based on segment profit and the requirements to implement new strategic initiatives and projects to meet current business objectives. Material intercompany transactions occur on a regular basis. These intercompany transactions relate primarily to joint and common administrative support services.



SEGMENT INFORMATION FOR THE THREE MONTHS ENDED JUNE 30,
2018 (THOUSANDS)	CLECO POWER			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	296,633		$	(2,420	)	$	—		$	294,213
Other operations	18,685			—			—			18,685
Electric customer credits	(13,637		)	—			—			(13,637		)
Affiliate revenue	220			17,273			(17,493		)	—
Operating revenue, net	$	301,901		$	14,853		$	(17,493	)	$	299,261
Depreciation and amortization	$	39,720		$	2,086		$	1		$	41,807
Interest charges	$	18,107		$	13,843		$	(41	)	$	31,909
Interest income	$	1,313		$	152		$	(38	)	$	1,427
Federal and state income tax expense (benefit)	$	13,710		$	(6,045	)	$	—		$	7,665
Net income (loss)	$	43,020		$	(17,182	)	$	1		$	25,839



2017 (THOUSANDS)	CLECO POWER			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	289,855		$	(2,420	)	$	—		$	287,435
Other operations	20,950			515			—			21,465
Electric customer credits	(239		)	—			—			(239		)
Affiliate revenue	221			13,631			(13,852		)	—
Operating revenue, net	$	310,787		$	11,726		$	(13,852	)	$	308,661
Depreciation and amortization	$	39,473		$	2,079		$	—		$	41,552
Interest charges	$	17,411		$	13,285		$	(75	)	$	30,621
Interest income	$	328		$	127		$	(74	)	$	381
Federal and state income tax expense (benefit)	$	23,063		$	(6,843	)	$	—		$	16,220
Net income (loss)	$	35,733		$	(10,289	)	$	—		$	25,444



SEGMENT INFORMATION FOR THE SIX MONTHS ENDED JUNE 30,
2018 (THOUSANDS)	CLECO POWER			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	561,264		$	(4,840	)	$	—		$	556,424
Other operations	40,880			1			—			40,881
Electric customer credits	(21,284		)	—			—			(21,284		)
Affiliate revenue	428			32,942			(33,370		)	—
Operating revenue, net	$	581,288		$	28,103		$	(33,370	)	$	576,021
Depreciation and amortization	$	80,109		$	4,205		$	—		$	84,314
Interest charges	$	35,763		$	27,392		$	(88	)	$	63,067
Interest income	$	1,953		$	342		$	(84	)	$	2,211
Federal and state income tax expense (benefit)	$	21,707		$	(11,180	)	$	1		$	10,528
Net income (loss)	$	69,024		$	(32,324	)	$	—		$	36,700
Additions to property, plant, and equipment	$	135,334		$	368		$	—		$	135,702
Equity investment in investees ⁽¹⁾	$	18,172		$	—		$	—		$	18,172
Goodwill ⁽¹⁾	$	1,490,797		$	—		$	—		$	1,490,797
Total segment assets ⁽¹⁾	$	5,807,559		$	599,216		$	(21,164	)	$	6,385,611
(1) Balances as of June 30, 2018



2017 (THOUSANDS)	CLECO POWER			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	527,408		$	(5,917	)	$	—		$	521,491
Other operations	37,315			1,030						38,345
Electric customer credits	(674		)	—			—			(674		)
Affiliate revenue	440			28,365			(28,805		)	—
Operating revenue, net	$	564,489		$	23,478		$	(28,805	)	$	559,162
Depreciation and amortization	$	78,230		$	4,172		$	—		$	82,402
Interest charges	$	35,515		$	26,966		$	(142	)	$	62,339
Interest income	$	594		$	240		$	(141	)	$	693
Federal and state income tax expense (benefit)	$	32,918		$	(13,591	)	$	—		$	19,327
Net income (loss)	$	53,587		$	(21,851	)	$	—		$	31,736
Additions to property, plant, and equipment	$	127,297		$	1,396		$	—		$	128,693
Equity investment in investees ⁽¹⁾	$	18,172		$	—		$	—		$	18,172
Goodwill ⁽¹⁾	$	1,490,797		$	—		$	—		$	1,490,797
Total segment assets ⁽¹⁾	$	5,679,538		$	619,943		$	(21,099	)	$	6,278,382
⁽¹⁾Balances as of December 31, 2017