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Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2020
Business Combinations [Abstract]  
Assets Acquired and Liabilities Assumed and Measurement Period Adjustments The following chart presents Cleco’s purchase price allocation:
Purchase Price Allocation
(THOUSANDS)AT FEB. 4, 2019
Current assets
Cash and cash equivalents$146,494  
Customer and other accounts receivable 49,809  
Fuel inventory22,060  
Materials and supplies25,659  
Energy risk management assets4,193  
Other current assets10,056  
Non-current assets
Property, plant, and equipment, net741,203  
Prepayments36,166  
Restricted cash and cash equivalents707  
Intangible assets98,900  
Other deferred charges133  
Total assets acquired1,135,380  
Current liabilities
Accounts payable38,478  
Taxes payable723  
Energy risk management liabilities241  
Other current liabilities14,570  
Non-current liabilities
Accumulated deferred federal and state income taxes, net7,165  
Deferred lease revenue58,300  
Intangible liabilities38,300  
Asset retirement obligations15,323  
Operating lease liabilities110  
Total liabilities assumed173,210  
Total purchase price consideration$962,170  
The measurement period adjustments were based upon information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the measurement of the amounts recognized at that date.
Measurement Period Adjustments
(THOUSANDS)AT JUNE 30, 2019
Current assets
Customer and other accounts receivable $1,408  
Other current assets$56  
Non-current assets
Property, plant, and equipment, net$13,297  
Prepayments$(56) 
Intangible assets$(3,600) 
Other deferred charges$1  
Current liabilities
Accounts payable$3,022  
Energy risk management liabilities$(1) 
Other current liabilities$327  
Non-current liabilities
Accumulated deferred federal and state income taxes, net$421  
Deferred lease revenue$(3,600) 
Intangible liabilities$6,400  
Asset retirement obligations$4,534  
Operating lease liabilities$3  
Unaudited Pro Forma Information
The unaudited pro forma financial information presented in the following table is not necessarily indicative of the consolidated results of operations that would have been achieved had the transaction taken place on the date indicated, or the future consolidated results of operations of the combined companies.
Unaudited Pro Forma Financial Information
(THOUSANDS)FOR THE THREE MONTHS ENDED JUNE 30, 2019 FOR THE SIX MONTHS ENDED JUNE 30, 2019
Operating revenue, net$397,873  $762,817  
Net income$44,746  $66,873