XML 63 R36.htm IDEA: XBRL DOCUMENT v3.20.1
Disclosures about Segments (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Information
The financial results in the following tables are presented on an accrual basis. Management evaluates the performance of its segments and allocates resources to them based on segment profit and the requirements to implement 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 as well as transmission services provided by Cleco Power to Cleco Cajun.
Segment Information For The Three Months Ended Mar. 31,
2020 (THOUSANDS)
CLECO POWER

 
CLECO CAJUN

 
OTHER

 
ELIMINATIONS

 
CONSOLIDATED

Revenue
 
 
 
 
 
 
 
 
 
Electric operations
$
224,430

 
$
89,147

 
$
(2,420
)
 
$
—

 
$
311,157

Other operations
15,764

 
30,961

 
1

 
(1,818
)
 
44,908

Affiliate revenue
1,106

 
161

 
29,278

 
(30,545
)
 
—

Electric customer credits
(8,340
)
 
(153
)
 
—

 
—

 
(8,493
)
Operating revenue, net
$
232,960

 
$
120,116

 
$
26,859

 
$
(32,363
)
 
$
347,572

Depreciation and amortization
$
43,677

 
$
10,103

 
$
2,094

 
$
(1
)
 
$
55,873

Interest income
$
954

 
$
155

 
$
100

 
$
(52
)
 
$
1,157

Interest charges
$
18,581

 
$
10

 
$
16,610

 
$
(52
)
 
$
35,149

Federal and state income tax expense (benefit)
$
3,338

 
$
6,421

 
$
(8,197
)
 
$
—

 
$
1,562

Net income (loss)
$
11,831

 
$
19,535

 
$
(25,039
)
 
$
1

 
$
6,328

Additions to property, plant, and equipment
$
61,477

 
$
3,341

 
$
806

 
$
—

 
$
65,624

Equity investment in investees
$
17,072

 
$
—

 
$
—

 
$
—

 
$
17,072

Goodwill
$
1,490,797

 
$
—

 
$
—

 
$
—

 
$
1,490,797

Total segment assets
$
6,098,446

 
$
1,020,099

 
$
616,068

 
$
(58,418
)
 
$
7,676,195

2019 (THOUSANDS)
CLECO POWER

 
CLECO CAJUN

 
OTHER

 
ELIMINATIONS

 
CONSOLIDATED

Revenue
 
 
 
 
 
 
 
 
 
Electric operations
$
257,175

 
$
58,194

 
$
(2,420
)
 
$
—

 
$
312,949

Other operations
19,430

 
19,965

 
2

 
—

 
39,397

Affiliate revenue
300

 
—

 
26,535

 
(26,835
)
 
—

Electric customer credits
(8,160
)
 
—

 
—

 
—

 
(8,160
)
Operating revenue, net
$
268,745

 
$
78,159

 
$
24,117

 
$
(26,835
)
 
$
344,186

Depreciation and amortization
$
42,377

 
$
5,410

 
$
2,069

 
$
—

 
$
49,856

Interest income
$
994

 
$
254

 
$
417

 
$
(174
)
 
$
1,491

Interest charges
$
17,145

 
$
—

 
$
17,028

 
$
(174
)
 
$
33,999

Federal and state income tax expense (benefit)
$
7,998

 
$
3,529

 
$
(5,540
)
 
$
(1
)
 
$
5,986

Net income (loss)
$
26,712

 
$
11,056

 
$
(17,210
)
 
$
(1
)
 
$
20,557

Additions to property, plant, and equipment
$
81,040

 
$
1,530

 
$
1,109

 
$
—

 
$
83,679

Equity investment in investees (1)
$
17,072

 
$
—

 
$
—

 
$
—

 
$
17,072

Goodwill (1)
$
1,490,797

 
$
—

 
$
—

 
$
—

 
$
1,490,797

Total segment assets (1)
$
5,967,327

 
$
1,011,591

 
$
546,096

 
$
(48,716
)
 
$
7,476,298

(1) Balances as of December 31, 2019