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Disclosures about Segments (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Information
The financial results in the following tables are presented on an accrual basis. The historical segment information was not recast because the Cleco Cajun segment only consists of the newly acquired business. There were no other changes to Cleco’s existing reportable segments. 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,
2019 (THOUSANDS)
CLECO POWER

 
CLECO CAJUN

 
OTHER

 
ELIMINATIONS

 
CONSOLIDATED

Revenue
 
 
 
 
 
 
 
 
 
Electric operations
$
265,924

 
$
101,962

 
$
(2,420
)
 
$
—

 
$
365,466

Other operations
15,404

 
29,917

 
—

 
(2,954
)
 
42,367

Affiliate revenue
337

 
—

 
23,012

 
(23,349
)
 
—

Electric customer credits
(8,693
)
 
(1,267
)
 
—

 
—

 
(9,960
)
Operating revenue, net
$
272,972

 
$
130,612

 
$
20,592

 
$
(26,303
)
 
$
397,873

Depreciation and amortization
$
39,330

 
$
10,136

 
$
2,070

 
$
(1
)
 
$
51,535

Interest income
$
867

 
$
368

 
$
197

 
$
(157
)
 
$
1,275

Interest charges, net
$
17,370

 
$
—

 
$
18,626

 
$
(156
)
 
$
35,840

Federal and state income tax expense (benefit)
$
13,978

 
$
4,028

 
$
(5,725
)
 
$
—

 
$
12,281

Net income (loss)
$
49,356

 
$
12,926

 
$
(17,537
)
 
$
1

 
$
44,746

2018 (THOUSANDS)
CLECO POWER

 
OTHER

 
ELIMINATIONS

 
CONSOLIDATED

Revenue
 
 
 
 
 
 
 
Electric operations
$
296,633

 
$
(2,420
)
 
$
—

 
$
294,213

Other operations
18,685

 
—

 
—

 
18,685

Affiliate revenue
220

 
17,273

 
(17,493
)
 
—

Electric customer credits
(13,637
)
 
—

 
—

 
(13,637
)
Operating revenue, net
$
301,901

 
$
14,853

 
$
(17,493
)
 
$
299,261

Depreciation and amortization
$
39,720

 
$
2,086

 
$
1

 
$
41,807

Interest income
$
1,313

 
$
152

 
$
(38
)
 
$
1,427

Interest charges, net
$
18,107

 
$
13,843

 
$
(41
)
 
$
31,909

Federal and state income tax expense (benefit)
$
13,710

 
$
(6,045
)
 
$
—

 
$
7,665

Net income (loss)
$
43,020

 
$
(17,182
)
 
$
1

 
$
25,839

SEGMENT INFORMATION FOR THE SIX MONTHS ENDED JUNE 30,
 
 
 
 
 
 
 
 
 
2019 (THOUSANDS)
CLECO POWER

 
CLECO CAJUN

 
OTHER

 
ELIMINATIONS

 
CONSOLIDATED

Revenue
 
 
 
 
 
 
 
 
 
Electric operations
$
523,100

 
$
160,156

 
$
(4,840
)
 
$
—

 
$
678,416

Other operations
34,833

 
49,883

 
2

 
(2,954
)
 
81,764

Affiliate revenue
637

 
—

 
49,547

 
(50,184
)
 
—

Electric customer credits
(16,853
)
 
(1,267
)
 
—

 
—

 
(18,120
)
Operating revenue, net
$
541,717

 
$
208,772

 
$
44,709

 
$
(53,138
)
 
$
742,060

Depreciation and amortization
$
81,707

 
$
15,546

 
$
4,139

 
$
(1
)
 
$
101,391

Interest income
$
1,860

 
$
622

 
$
614

 
$
(329
)
 
$
2,767

Interest charges
$
34,515

 
$
—

 
$
35,654

 
$
(330
)
 
$
69,839

Federal and state income tax expense (benefit)
$
21,976

 
$
7,557

 
$
(11,265
)
 
$
(1
)
 
$
18,267

Net income (loss)
$
76,068

 
$
23,982

 
$
(34,747
)
 
$
—

 
$
65,303

Additions to property, plant, and equipment
$
147,696

 
$
2,672

 
$
1,095

 
$
—

 
$
151,463

Equity investment in investees (1)
$
18,172

 
$
—

 
$
—

 
$
—

 
$
18,172

Goodwill (1)
$
1,490,797

 
$
—

 
$
—

 
$
—

 
$
1,490,797

Total segment assets (1)
$
5,931,335

 
$
1,048,891

 
$
559,660

 
$
(34,875
)
 
$
7,505,011

(1) Balances as of June 30, 2019
 
 
 
 
 
 
 
 
 
2018 (THOUSANDS)
CLECO POWER

 
OTHER

 
ELIMINATIONS

 
CONSOLIDATED

Revenue
 
 
 
 
 
 
 
Electric operations
$
561,264

 
$
(4,840
)
 
$
—

 
$
556,424

Other operations
40,880

 
1

 
—

 
40,881

Affiliate revenue
428

 
32,942

 
(33,370
)
 
—

Electric customer credits
(21,284
)
 
—

 
—

 
(21,284
)
Operating revenue, net
$
581,288

 
$
28,103

 
$
(33,370
)
 
$
576,021

Depreciation and amortization
$
80,109

 
$
4,205

 
$
—

 
$
84,314

Interest income
$
1,953

 
$
342

 
$
(84
)
 
$
2,211

Interest charges
$
35,763

 
$
27,392

 
$
(88
)
 
$
63,067

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)
$
5,839,853

 
$
633,756

 
$
(36,795
)
 
$
6,436,814

(1) Balances as of December 31, 2018