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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 116,077 $ 110,175
Restricted cash and cash equivalents 10,692 11,241
Customer accounts receivable (less allowance for doubtful accounts) 109,519 50,043
Other accounts receivable 33,087 27,196
Unbilled revenue 43,221 35,314
Fuel inventory, at average cost 102,555 82,836
Materials and supplies, at average cost 119,864 92,671
Energy risk management assets 17,080 23,355
Accumulated deferred fuel 38,619 20,112
Cash surrender value of company-/trust-owned life insurance policies 83,349 80,391
Prepayments 10,369 7,911
Regulatory assets 22,142 22,461
Other current assets 11,700 1,256
Total current assets 718,274 564,962
Property/Utility, plant, and equipment    
Property, plant, and equipment 4,551,632 3,728,477
Accumulated depreciation (369,549) (303,727)
Net property, plant, and equipment 4,182,083 3,424,750
Construction work in progress 410,799 354,045
Total property/utility, plant, and equipment, net 4,592,882 3,778,795
Equity investment in investee 18,172 18,172
Goodwill 1,490,797 1,490,797
Prepayments 20,285 2,251
Operating lease right of use assets 14,618  
Restricted cash and cash equivalents 18,911 18,670
Note receivable 15,521 15,829
Regulatory assets 413,720 425,330
Intangible assets 161,639 84,307
Other deferred charges 40,192 37,701
Total assets 7,505,011 6,436,814
Current liabilities    
Long-term debt and finance leases due within one year 91,572 21,128
Accounts payable 175,447 156,589
Accounts payable - affiliate 3,174 0
Customer deposits 60,213 61,736
Provision for rate refund 54,611 35,842
Taxes payable, net 59,763 43,674
Interest accrued 16,333 15,828
Energy risk management liabilities 5,185 468
Regulatory liabilities - other 12,523 2,496
Deferred compensation 11,388 10,753
Other current liabilities 54,816 30,536
Total current liabilities 545,025 379,050
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 636,484 608,030
Postretirement benefit obligations 250,367 249,264
Regulatory liabilities - other 0 2,496
Regulatory liabilities - deferred taxes, net 149,461 155,537
Restricted storm reserve 15,909 15,485
Deferred lease revenue 54,464  
Intangible liabilities 35,378 0
Asset retirement obligations 22,727 6,881
Operating lease liabilities 10,746  
Other deferred credits 23,974 20,846
Total long-term liabilities and deferred credits 1,199,510 1,058,539
Long-term debt and finance leases, net 3,185,815 2,874,485
Total liabilities 4,930,350 4,312,074
Commitments and contingencies (Note 14)
Member’s equity    
Member’s equity 2,574,661 2,124,740
Total liabilities and member’s equity 7,505,011 6,436,814
CLECO POWER    
Current assets    
Cash and cash equivalents 26,017 31,987
Restricted cash and cash equivalents 10,692 11,241
Customer accounts receivable (less allowance for doubtful accounts) 59,801 50,043
Accounts receivable - affiliate 2,023 3,318
Other accounts receivable 29,738 24,523
Unbilled revenue 43,221 35,314
Fuel inventory, at average cost 82,587 82,836
Materials and supplies, at average cost 94,233 92,671
Energy risk management assets 14,742 23,355
Accumulated deferred fuel 38,619 20,112
Cash surrender value of company-/trust-owned life insurance policies 17,496 20,497
Prepayments 5,010 6,143
Regulatory assets 11,112 13,603
Other current assets 602 1,162
Total current assets 435,893 416,805
Property/Utility, plant, and equipment    
Property, plant, and equipment 5,065,093 5,015,004
Accumulated depreciation (1,843,622) (1,804,563)
Net property, plant, and equipment 3,221,471 3,210,441
Construction work in progress 406,354 351,828
Total property/utility, plant, and equipment, net 3,627,825 3,562,269
Equity investment in investee 18,172 18,172
Prepayments 3,447 2,251
Operating lease right of use assets 14,352  
Restricted cash and cash equivalents 18,175 18,649
Note receivable 15,521 15,829
Regulatory assets 258,545 261,569
Intangible assets 11,051 21,093
Other deferred charges 37,557 32,419
Total assets 4,440,538 4,349,056
Current liabilities    
Long-term debt and finance leases due within one year 21,577 21,128
Accounts payable 130,473 146,314
Accounts payable - affiliate 7,878 7,843
Customer deposits 60,213 61,736
Provision for rate refund 53,238 35,842
Taxes payable, net 34,724 48,177
Interest accrued 8,606 8,252
Energy risk management liabilities 832 468
Regulatory liabilities - other 12,523 2,496
Other current liabilities 27,924 22,263
Total current liabilities 357,988 354,519
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 646,026 630,765
Postretirement benefit obligations 184,343 182,721
Regulatory liabilities - other 0 2,496
Regulatory liabilities - deferred taxes, net 149,461 155,537
Restricted storm reserve 15,909 15,485
Asset retirement obligations 7,100 6,881
Operating lease liabilities 10,598  
Other deferred credits 20,875 18,345
Total long-term liabilities and deferred credits 1,034,312 1,012,230
Long-term debt and finance leases, net 1,377,224 1,387,774
Total capitalization 3,048,238 2,982,307
Commitments and contingencies (Note 14)
Member’s equity    
Member’s equity 1,671,014 1,594,533
Total liabilities and member’s equity $ 4,440,538 $ 4,349,056