Disclosures about Segments (Tables)

9 Months Ended

Sep. 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 SEPT. 30,
2018 (THOUSANDS)	CLECO POWER			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	343,482		$	(2,420	)	$	—		$	341,062
Other operations	20,186			—			—			20,186
Affiliate revenue	223			22,765			(22,988		)	—
Electric customer credits	(2,992		)	—			—			(2,992		)
Operating revenue, net	$	360,899		$	20,345		$	(22,988	)	$	358,256
Depreciation and amortization	$	41,687		$	2,076		$	—		$	43,763
Interest income	$	1,606		$	310		$	(84	)	$	1,832
Interest charges	$	17,895		$	14,017		$	(84	)	$	31,828
Federal and state income tax expense (benefit)	$	18,016		$	(6,597	)	$	—		$	11,419
Net income (loss)	$	63,336		$	(15,975	)	$	(1	)	$	47,360



2017 (THOUSANDS)	CLECO POWER			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	320,009		$	(2,420	)	$	—		$	317,589
Other operations	20,768			514			—			21,282
Affiliate revenue	209			13,517			(13,726		)	—
Electric customer credits	(372		)	—			—			(372		)
Operating revenue, net	$	340,614		$	11,611		$	(13,726	)	$	338,499
Depreciation and amortization	$	40,049		$	2,179		$	—		$	42,228
Interest income	$	332		$	31		$	(9	)	$	354
Interest charges	$	17,141		$	13,331		$	(10	)	$	30,462
Federal and state income tax expense (benefit)	$	30,092		$	(7,038	)	$	—		$	23,054
Net income (loss)	$	54,852		$	(9,548	)	$	—		$	45,304



SEGMENT INFORMATION FOR THE NINE MONTHS ENDED SEPT. 30,
2018 (THOUSANDS)	CLECO POWER			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	904,746		$	(7,260	)	$	—		$	897,486
Other operations	61,066			1			—			61,067
Affiliate revenue	651			55,707			(56,358		)	—
Electric customer credits	(24,276		)	—			—			(24,276		)
Operating revenue, net	$	942,187		$	48,448		$	(56,358	)	$	934,277
Depreciation and amortization	$	121,796		$	6,281		$	(1	)	$	128,076
Interest income	$	3,560		$	652		$	(169	)	$	4,043
Interest charges	$	53,658		$	41,409		$	(173	)	$	94,894
Federal and state income tax expense (benefit)	$	39,724		$	(17,777	)	$	—		$	21,947
Net income (loss)	$	132,359		$	(48,299	)	$	—		$	84,060
Additions to property, plant, and equipment	$	193,708		$	911		$	—		$	194,619
Equity investment in investees ⁽¹⁾	$	18,172		$	—		$	—		$	18,172
Goodwill ⁽¹⁾	$	1,490,797		$	—		$	—		$	1,490,797
Total segment assets ⁽¹⁾	$	5,808,604		$	688,066		$	(34,835	)	$	6,461,835
⁽¹⁾ Balances as of September 30, 2018



2017 (THOUSANDS)	CLECO POWER			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	847,417		$	(8,337	)	$	—		$	839,080
Other operations	58,083			1,544						59,627
Affiliate revenue	649			41,882			(42,531		)	—
Electric customer credits	(1,045		)	—			—			(1,045		)
Operating revenue, net	$	905,104		$	35,089		$	(42,531	)	$	897,662
Depreciation and amortization	$	118,280		$	6,351		$	(1	)	$	124,630
Interest income	$	926		$	271		$	(151	)	$	1,046
Interest charges	$	52,654		$	40,297		$	(151	)	$	92,800
Federal and state income tax expense (benefit)	$	63,010		$	(20,629	)	$	—		$	42,381
Net income (loss)	$	108,439		$	(31,398	)	$	—		$	77,041
Additions to property, plant, and equipment	$	183,604		$	2,005		$	—		$	185,609
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