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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income $ 122,300 $ 152,665 $ 94,437
Adjustment to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 249,494 245,682 187,426
Provision for credit losses 5,488 2,348 797
Unearned compensation expense 5,715 5,409 5,837
Allowance for equity funds used during construction (998) (15,397) (14,159)
(Gain) loss on risk management assets and liabilities, net (13,261) 10,180 0
Deferred lease revenue (9,205) (8,439) 0
Deferred income taxes 35,876 40,081 6,543
Deferred fuel costs (4,142) 11,132 (18,549)
Cash surrender value of company-/trust-owned life insurance (3,042) (5,705) 2,726
Changes in assets and liabilities      
Accounts receivable (8,772) (9,532) 3,123
Accounts receivable - affiliate (621) (1,041) 635
Unbilled revenue (6,920) 2,107 1,084
Fuel inventory and materials and supplies (39,602) 18,463 (2,981)
Prepayments (20,117) (14,479) 153
Accounts payable (19,612) 13,507 18,898
Accounts payable - affiliate 1,470 3,175 0
Customer deposits 6,663 5,888 13,757
Provision for merger commitments 560 (1,848) (3,273)
Postretirement benefit obligations (9,588) (10,981) 4,646
Regulatory assets and liabilities, net (76,428) 90 3,032
Other deferred accounts 16,931 7,147 9,748
Taxes accrued 4,633 (3,619) 20,976
Interest accrued (3,417) 3,173 1,124
Deferred compensation 1,125 1,316 (1,521)
Other operating 5,151 (6,909) 2,798
Net cash provided by operating activities 205,819 430,119 317,761
Investing activities      
Additions to property, plant, and equipment (390,013) (323,791) (291,061)
Allowance for equity funds used during construction 998 15,397 14,159
Reimbursement for property loss 115 141 1,375
Return of equity investment in investee 8,000 1,100 0
Return of investment in company-owned life insurance 1,912 3,761 0
Return of equity investment in tax credit fund 0 1,625 2,775
Issuance of note receivable 0 0 (16,800)
Payment to acquire business, net of cash received 0 (814,969) 0
Other investing 1,081 1,313 1,392
Net cash used in investing activities (377,907) (1,115,423) (288,160)
Financing activities      
Draws on credit facilities 238,000 108,000 0
Payments on credit facilities (163,000) (108,000) 0
Issuances of long-term debt 125,000 700,000 50,000
Repayments of long-term debt (75,055) (390,571) (19,193)
Payment of financing costs (4,570) (5,959) (791)
Contribution from member 0 384,900 0
Distributions to member 0 0 (71,350)
Other financing (617) (557) (383)
Net cash provided by (used in) financing activities 119,758 687,813 (41,717)
Net (decrease) increase in cash, cash equivalents, restricted cash, and restricted cash equivalents (52,330) 2,509 (12,116)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 142,595 [1] 140,086 152,202
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 90,265 [2] 142,595 [1] 140,086
Supplementary cash flow information      
Interest paid, net of amount capitalized 130,544 130,988 124,154
Income taxes (refunded) paid, net (2,777) (19) 272
Supplementary non-cash investing and financing activities      
Accrued additions to property, plant, and equipment 7,943 16,124 56,450
Non-cash additions to property, plant, and equipment 0 52 1,224
Incurrence of finance lease obligation - barges 0 0 16,800
CLECO POWER      
Operating activities      
Net income 96,655 148,262 162,257
Adjustment to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 172,452 178,245 168,248
Provision for credit losses 5,100 2,348 797
Unearned compensation expense 1,150 974 1,873
Allowance for equity funds used during construction (998) (15,397) (14,159)
Deferred income taxes 6,165 21,799 (11,545)
Deferred fuel costs (4,142) 11,132 (18,549)
Cash surrender value of company-/trust-owned life insurance 1,390 2,923 (219)
Changes in assets and liabilities      
Accounts receivable (21,289) (4,740) 3,967
Accounts receivable - affiliate 3,403 728 426
Unbilled revenue (6,920) 2,107 1,084
Fuel inventory and materials and supplies (16,609) 21,121 (2,981)
Prepayments (1,414) 386 107
Accounts payable (27,401) 14,659 22,419
Accounts payable - affiliate (276) 5,912 (4,700)
Customer deposits 6,663 5,888 13,757
Provision for merger commitments (1,752) (1,848) (3,273)
Postretirement benefit obligations (12,321) (10,078) 4,252
Regulatory assets and liabilities, net (78,416) (1,897) 1,044
Other deferred accounts 17,262 6,338 5,421
Taxes accrued 23,442 (20,881) 16,566
Interest accrued (2,614) (280) 1,169
Other operating 2,773 (2,541) 2,569
Net cash provided by operating activities 127,779 352,484 339,688
Investing activities      
Additions to property, plant, and equipment (378,042) (313,962) (289,153)
Allowance for equity funds used during construction 998 15,397 14,159
Reimbursement for property loss 115 141 1,375
Return of equity investment in investee 8,000 1,100 0
Return of investment in company-owned life insurance 1,912 3,761 0
Issuance of note receivable 0 0 (16,800)
Other investing 1,081 1,313 1,392
Net cash used in investing activities (365,936) (292,250) (289,027)
Financing activities      
Draws on credit facilities 150,000 33,000 0
Payments on credit facilities (75,000) (33,000) 0
Issuances of long-term debt 125,000 0 50,000
Repayments of long-term debt (11,055) (20,571) (19,193)
Payment of financing costs (1,732) (31) (766)
Distributions to member 0 (20,000) (121,400)
Other financing (617) (557) (382)
Net cash provided by (used in) financing activities 186,596 (41,159) (91,741)
Net (decrease) increase in cash, cash equivalents, restricted cash, and restricted cash equivalents (51,561) 19,075 (41,080)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 80,952 [3] 61,877 102,957
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 29,391 [4] 80,952 [3] 61,877
Supplementary cash flow information      
Interest paid, net of amount capitalized 67,799 67,391 70,357
Supplementary non-cash investing and financing activities      
Accrued additions to property, plant, and equipment 6,824 14,894 55,718
Incurrence of finance lease obligation - barges $ 0 $ 0 $ 16,800
[1] Includes cash and cash equivalents of $116,292, current restricted cash and cash equivalents of $11,100, and non-current restricted cash and cash equivalents of $15,203.
[2] Includes cash and cash equivalents of $84,976, current restricted cash and cash equivalents of $4,545, and non-current restricted cash and cash equivalents of $744.
[3] (1) Includes cash and cash equivalents of $55,489, current restricted cash and cash equivalents of $11,100, and non-current restricted cash and cash equivalents of $14,363.
[4] (2) Includes cash and cash equivalents of $24,846, current restricted cash and cash equivalents of $4,545, and non-current restricted cash and cash equivalents of $0.