Business Combination (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Assets Acquired and Liabilities Assumed

Cleco Cajun accounted for the Cleco Cajun Transaction as a business combination, and accordingly, the assets acquired and liabilities assumed were recorded on Cleco’s Condensed Consolidated Balance Sheet as of February 4, 2019, at their estimated fair values as follows:

Preliminary Purchase Price Allocation
(THOUSANDS)	AT FEB. 4, 2019
Current assets
Cash and cash equivalents	$	146,494
Customer and other accounts receivable	48,401
Fuel inventory	22,060
Materials and supplies	25,659
Energy risk management assets	4,193
Other current assets	10,000
Non-current assets
Property, plant, and equipment, net	727,906
Prepayments	36,222
Restricted cash and cash equivalents	707
Intangible assets	102,500
Other deferred charges	132
Total assets acquired	1,124,274
Current liabilities
Accounts payable	35,456
Taxes payable	723
Energy risk management liabilities	242
Other current liabilities	14,243
Non-current liabilities
Accumulated deferred federal and state income taxes, net	6,744
Deferred lease revenue	61,900
Intangible liabilities	31,900
Asset retirement obligations	10,789
Operating lease liability	107
Total liabilities assumed	162,104
Total purchase price consideration	$	962,170

Unaudited Pro Forma Information

The unaudited pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the consolidated results of operations that would have been achieved had the transaction taken place on the dates indicated, or the future consolidated results of operations of the combined companies.

Unaudited Pro Forma Financial Information
	FOR THE THREE MONTHS ENDED MAR. 31,
(THOUSANDS)	2019		2018
Operating revenue, net	$	381,796	$	393,181
Net income	$	32,986	$	32,637