XML 59 R43.htm IDEA: XBRL DOCUMENT v3.22.0.1
Disclosures about Segments (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
SEGMENT INFORMATION
FOR THE YEAR ENDED DEC. 31, 2021
(THOUSANDS)CLECO POWERCLECO CAJUNTOTAL SEGMENTS
Revenue  
Electric operations$1,202,249 $398,226 $1,600,475 
Other operations74,625 128,749 203,374 
Affiliate revenue5,641 — 5,641 
Electric customer credits(40,878)244 (40,634)
Operating revenue, net$1,241,637 $527,219 $1,768,856 
Net income$134,088 $115,632 $249,720 
Add: Depreciation and amortization173,498 56,438 
(1)
229,936 
Less: Interest income3,294 15 3,309 
Add: Interest charges73,090 803 73,893 
Add: Federal and state income tax (benefit) expense(9,353)42,283 32,930 
EBITDA$368,029 $215,141 $583,170 
Additions to property, plant, and equipment$300,957 $9,081 $310,038 
Equity investment in investee$2,072 $— $2,072 
Goodwill$1,490,797 $— $1,490,797 
Total segment assets$6,620,298 $1,104,090 $7,724,388 
(1) Includes $13.5 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(9.2) million of deferred lease revenue amortization as a result of the Cleco Cajun Transaction.
FOR THE YEAR ENDED DEC. 31, 2021
(THOUSANDS)TOTAL SEGMENTSOTHERELIMINATIONSTOTAL
Revenue   
Electric operations$1,600,475 $(9,680)$1 $1,590,796 
Other operations203,374 8 (7,615)195,767 
Affiliate revenue5,641 113,623 (119,264)— 
Electric customer credits(40,634)— — (40,634)
Operating revenue, net$1,768,856 $103,951 $(126,878)$1,745,929 
Depreciation and amortization$229,936 $21,495 
(1)
$— $251,431 
Interest income$3,309 $125 $(122)$3,312 
Interest charges$73,893 $60,564 $(121)$134,336 
Federal and state income tax expense (benefit)$32,930 $(19,819)$— $13,111 
Net income (loss)$249,720 $(54,754)$— $194,966 
Additions to property, plant, and equipment$310,038 $1,103 $— $311,141 
Equity investment in investee$2,072 $(46,901)$46,901 $2,072 
Goodwill$1,490,797 $— $— $1,490,797 
Total segment assets$7,724,388 $619,101 $(218,471)$8,125,018 
(1) Includes $9.7 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.

FOR THE YEAR ENDED DEC. 31, 2020
(THOUSANDS)CLECO POWERCLECO CAJUNTOTAL SEGMENTS
Revenue  
Electric operations$1,015,018 $365,555 $1,380,573 
Other operations65,237 121,747 186,984 
Affiliate revenue5,156 204 5,360 
Electric customer credits(53,119)(153)(53,272)
Operating revenue, net$1,032,292 $487,353 $1,519,645 
Net income$96,655 $89,492 $186,147 
Add: Depreciation and amortization166,987 47,183 
(1)
214,170 
Less: Interest income3,362 273 3,635 
Add: Interest charges73,985 (750)73,235 
Add: Federal and state income tax expense26,799 29,080 55,879 
EBITDA$361,064 $164,732 $525,796 
Additions to property, plant, and equipment$377,044 $8,920 $385,964 
Equity investment in investee$9,072 $— $9,072 
Goodwill$1,490,797 $— $1,490,797 
Total segment assets$6,256,944 $1,029,812 $7,286,756 
(1) Includes $12.4 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(9.2) million of deferred lease revenue amortization as a result of the Cleco Cajun Transaction.

FOR THE YEAR ENDED DEC. 31, 2020
(THOUSANDS)TOTAL SEGMENTSOTHERELIMINATIONSTOTAL SEGMENTS
Revenue   
Electric operations$1,380,573 $(9,680)$— $1,370,893 
Other operations186,984 3 (6,463)180,524 
Affiliate revenue5,360 129,126 (134,486)— 
Electric customer credits(53,272)— 1 (53,271)
Operating revenue, net$1,519,645 $119,449 $(140,948)$1,498,146 
Depreciation and amortization$214,170 $18,059 
(1)
$— $232,229 
Interest income$3,635 $412 $(99)$3,948 
Interest charges$73,235 $64,728 $(99)$137,864 
Federal and state income tax expense (benefit)$55,879 $(20,160)$(1)$35,718 
Net income (loss)$186,147 $(63,848)$1 $122,300 
Additions to property, plant, and equipment$385,964 $3,051 $— $389,015 
Equity investment in investee$9,072 $— $— $9,072 
Goodwill$1,490,797 $— $— $1,490,797 
Total segment assets$7,286,756 $595,217 $(156,404)$7,725,569 
(1) Includes $9.7 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.
FOR THE YEAR ENDED DEC. 31, 2019
(THOUSANDS)CLECO POWERCLECO CAJUNTOTAL SEGMENTS
Revenue 
Electric operations$1,130,928 $375,489 $1,506,417 
Other operations72,833 117,468 190,301 
Affiliate revenue3,125 108 3,233 
Electric customer credits(38,516)(1,447)(39,963)
Operating revenue, net$1,168,370 $491,618 $1,659,988 
Net income$148,262 $69,411 $217,673 
Add: Depreciation and amortization172,471 38,465 
(1)
210,936 
Less: Interest income4,744 987 5,731 
Add: Interest charges71,279 35 71,314 
Add: Federal and state income tax expense45,452 22,479 67,931 
EBITDA$432,720 $129,403 $562,123 
Additions to property, plant, and equipment$298,565 $9,174 $307,739 
Equity investment in investee$17,072 $— $17,072 
Goodwill$1,490,797 $— $1,490,797 
Total segment assets$5,967,327 $1,011,591 $6,978,918 
(1)Includes $11.4 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(8.4) million of deferred lease revenue amortization as a result of the Cleco Cajun Transaction.

FOR THE YEAR ENDED DEC. 31, 2019
(THOUSANDS)TOTAL SEGMENTSOTHERELIMINATIONSTOTAL
Revenue   
Electric operations$1,506,417 $(9,680)$(1)$1,496,736 
Other operations190,301 2 (7,471)182,832 
Affiliate revenue3,233 109,067 (112,300)— 
Electric customer credits(39,963)— — (39,963)
Operating revenue, net$1,659,988 $99,389 $(119,772)$1,639,605 
Depreciation and amortization$210,936 $17,985 
(1)
$— $228,921 
Interest income$5,731 $974 $(615)$6,090 
Interest charges$71,314 $70,611 $(616)$141,309 
Federal and state income tax expense (benefit)$67,931 $(24,766)$— $43,165 
Net income (loss)$217,673 $(65,009)$1 $152,665 
Additions to property, plant, and equipment$307,739 $655 $— $308,394 
Equity investment in investee$17,072 $— $— $17,072 
Goodwill$1,490,797 $— $— $1,490,797 
Total segment assets$6,978,918 $546,096 $(48,716)$7,476,298 
(1) Includes $9.7 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.

(THOUSANDS)202120202019
Net income$194,966 $122,300 $152,665 
Add: Depreciation and amortization251,431 232,229 

228,921 
Less: Interest income3,312 3,948 6,090 
Add: Interest charges134,336 137,864 141,309 
Add: Federal and state income tax expense13,111 35,718 43,165 
(Less) add: Other corporate costs and noncash items (1)
(7,362)1,633 2,153 
Total segment EBITDA$583,170 $525,796 $562,123 
(1) Adjustments made for Other and Elimination totals not allocated to total segment EBITDA.