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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 101,392 $ 110,175
Restricted cash and cash equivalents 5,356 11,241
Customer accounts receivable (less allowance for doubtful accounts) 125,125 50,043
Other accounts receivable 31,089 27,196
Unbilled revenue 46,080 35,314
Fuel inventory, at average cost 66,441 82,836
Materials and supplies, at average cost 121,380 92,671
Energy risk management assets 10,671 23,355
Accumulated deferred fuel 56,056 20,112
Cash surrender value of company-/trust-owned life insurance policies 84,122 80,391
Prepayments 6,826 7,911
Regulatory assets 19,398 22,461
Other current assets 11,714 1,256
Total current assets 685,650 564,962
Property/Utility, plant, and equipment    
Property, plant, and equipment 4,813,017 3,728,477
Accumulated depreciation (411,485) (303,727)
Net property, plant, and equipment 4,401,532 3,424,750
Construction work in progress 221,386 354,045
Total property/utility, plant, and equipment, net 4,622,918 3,778,795
Equity investment in investee 17,672 18,172
Goodwill 1,490,797 1,490,797
Prepayments 24,312 2,251
Operating lease right of use assets 29,719 0
Restricted cash and cash equivalents 15,113 18,670
Note receivable 15,362 15,829
Regulatory assets 408,557 425,330
Intangible assets 149,440 84,307
Other deferred charges 38,833 37,701
Total assets 7,498,373 6,436,814
Current liabilities    
Long-term debt and finance leases due within one year 63,684 21,128
Accounts payable 160,240 156,589
Accounts payable - affiliate 3,175 0
Customer deposits 57,542 61,736
Provision for rate refund 50,777 35,842
Taxes payable, net 73,875 43,674
Interest accrued 43,829 15,828
Energy risk management liabilities 1,298 468
Regulatory liabilities - other 11,350 2,496
Deferred compensation 11,548 10,753
Other current liabilities 53,408 30,536
Total current liabilities 530,726 379,050
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 653,529 608,030
Postretirement benefit obligations 238,392 249,264
Regulatory liabilities - other 0 2,496
Regulatory liabilities - deferred taxes, net 144,124 155,537
Restricted storm reserve 12,185 15,485
Deferred lease revenue 52,163 0
Intangible liabilities 33,625 0
Asset retirement obligations 23,026 6,881
Operating lease liabilities 25,828 0
Other deferred credits 25,209 20,846
Total long-term liabilities and deferred credits 1,208,081 1,058,539
Long-term debt and finance leases, net 3,129,377 2,874,485
Total liabilities 4,868,184 4,312,074
Commitments and contingencies (Note 14)
Member’s equity    
Member’s equity 2,630,189 2,124,740
Total liabilities and member’s equity 7,498,373 6,436,814
CLECO POWER    
Current assets    
Cash and cash equivalents 64,237 31,987
Restricted cash and cash equivalents 5,356 11,241
Customer accounts receivable (less allowance for doubtful accounts) 72,897 50,043
Accounts receivable - affiliate 2,074 3,318
Other accounts receivable 26,864 24,523
Unbilled revenue 46,080 35,314
Fuel inventory, at average cost 41,343 82,836
Materials and supplies, at average cost 95,157 92,671
Energy risk management assets 8,601 23,355
Accumulated deferred fuel 56,056 20,112
Cash surrender value of company-/trust-owned life insurance policies 17,534 20,497
Prepayments 3,020 6,143
Regulatory assets 9,466 13,603
Other current assets 616 1,162
Total current assets 449,301 416,805
Property/Utility, plant, and equipment    
Property, plant, and equipment 5,325,641 5,015,004
Accumulated depreciation (1,873,752) (1,804,563)
Net property, plant, and equipment 3,451,889 3,210,441
Construction work in progress 216,959 351,828
Total property/utility, plant, and equipment, net 3,668,848 3,562,269
Equity investment in investee 17,672 18,172
Prepayments 4,213 2,251
Operating lease right of use assets 29,375 0
Restricted cash and cash equivalents 14,274 18,649
Note receivable 15,362 15,829
Regulatory assets 255,899 261,569
Intangible assets 5,391 21,093
Other deferred charges 37,312 32,419
Total assets 4,497,647 4,349,056
Current liabilities    
Long-term debt and finance leases due within one year 61,488 21,128
Accounts payable 113,615 146,314
Accounts payable - affiliate 8,722 7,843
Customer deposits 57,542 61,736
Provision for rate refund 49,403 35,842
Taxes payable, net 43,133 48,177
Interest accrued 24,549 8,252
Energy risk management liabilities 577 468
Regulatory liabilities - other 11,350 2,496
Other current liabilities 27,507 22,263
Total current liabilities 397,886 354,519
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 666,489 630,765
Postretirement benefit obligations 172,576 182,721
Regulatory liabilities - other 0 2,496
Regulatory liabilities - deferred taxes, net 144,124 155,537
Restricted storm reserve 12,185 15,485
Asset retirement obligations 7,212 6,881
Operating lease liabilities 25,682 0
Other deferred credits 21,358 18,345
Total long-term liabilities and deferred credits 1,049,626 1,012,230
Long-term debt and finance leases, net 1,327,301 1,387,774
Total capitalization 3,050,135 2,982,307
Commitments and contingencies (Note 14)
Member’s equity    
Member’s equity 1,722,834 1,594,533
Total liabilities and member’s equity $ 4,497,647 $ 4,349,056