XML 89 R75.htm IDEA: XBRL DOCUMENT v3.22.2
Disclosures about Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Revenue          
Electric operations $ 492,283 $ 351,936 $ 889,592 $ 718,181  
Other operations 53,264 45,330 105,271 95,056  
Affiliate revenue 0 0 0 0  
Electric customer credits (129) (18,517) (265) (39,494)  
Operating revenue, net 545,418 378,749 994,598 773,743  
Net income (loss) 1,363 78,822 157,107 99,149  
Depreciation and amortization 71,892 57,699 144,689 115,862  
Interest income 1,241 829 1,997 1,475  
Interest charges 36,407 33,291 69,927 67,183  
Federal and state income tax expense (benefit) 29,527 9,837 23,940 416  
Other corporate costs and noncash items 5,728 (1,385) 3,240 (4,331)  
EBITDA 143,676 177,435 396,906 276,804  
Additions to property, plant, and equipment     101,673 138,516  
Equity investment in investees 2,072   2,072   $ 2,072
Goodwill 1,490,797   1,490,797   1,490,797
Total assets 8,462,321   8,462,321   8,125,018
CLECO POWER          
Revenue          
Electric operations 368,614 262,948 664,711 530,107  
Other operations 18,686 16,269 37,771 34,895  
Affiliate revenue 1,628 1,224 3,087 2,879  
Electric customer credits (129) (18,762) (265) (39,738)  
Operating revenue, net 388,799 261,679 705,304 528,143  
Net income (loss) 54,705 27,421 93,729 45,846  
Interest income 1,035 825 1,775 1,468  
Interest charges 21,305 18,237 40,108 36,883  
Federal and state income tax expense (benefit) 3,214 8,956 3,938 (767)  
Additions to property, plant, and equipment     98,162 132,194  
Equity investment in investees 2,072   2,072   2,072
Total assets 5,444,112   5,444,112   5,129,501
Power supply agreements          
Revenue          
Amortization of intangible assets 6,400 6,400 12,800 12,800  
OPERATING SEGMENTS          
Revenue          
Electric operations 494,703 354,355 894,433 723,021  
Other operations 55,398 46,924 110,095 98,589  
Affiliate revenue 1,628 1,224 3,087 2,879  
Electric customer credits (129) (18,518) (265) (39,494)  
Operating revenue, net 551,600 383,985 1,007,350 784,995  
Net income (loss) 53,773 79,915 186,178 112,821  
Depreciation and amortization 67,518 53,272 135,936 107,000  
Interest income 1,211 828 1,963 1,474  
Interest charges 21,348 18,057 40,143 36,551  
Federal and state income tax expense (benefit) 2,248 27,019 36,612 21,906  
EBITDA 143,676 177,435 396,906 276,804  
Additions to property, plant, and equipment     101,001 137,076  
Equity investment in investees 2,072   2,072   2,072
Goodwill 1,490,797   1,490,797   1,490,797
Total assets 8,077,999   8,077,999   7,724,388
OPERATING SEGMENTS | CLECO POWER          
Revenue          
Electric operations 368,614 262,948 664,711 530,107  
Other operations 18,686 16,269 37,771 34,895  
Affiliate revenue 1,628 1,224 3,087 2,879  
Electric customer credits (129) (18,762) (265) (39,738)  
Operating revenue, net 388,799 261,679 705,304 528,143  
Net income (loss) 54,705 27,421 93,729 45,846  
Depreciation and amortization 44,299 40,933 89,538 83,009  
Interest income 1,035 825 1,775 1,468  
Interest charges 21,305 18,237 40,108 36,883  
Federal and state income tax expense (benefit) 3,214 8,956 3,938 (767)  
EBITDA 122,488 94,722 225,538 163,503  
Additions to property, plant, and equipment     98,162 132,194  
Equity investment in investees 2,072   2,072   2,072
Goodwill 1,490,797   1,490,797   1,490,797
Total assets 6,934,909   6,934,909   6,620,298
OPERATING SEGMENTS | CLECO CAJUN          
Revenue          
Electric operations 126,089 91,407 229,722 192,914  
Other operations 36,712 30,655 72,324 63,694  
Affiliate revenue 0 0 0 0  
Electric customer credits 0 244 0 244  
Operating revenue, net 162,801 122,306 302,046 256,852  
Net income (loss) (932) 52,494 92,449 66,975  
Depreciation and amortization 23,219 12,339 46,398 23,991  
Interest income 176 3 188 6  
Interest charges 43 (180) 35 (332)  
Federal and state income tax expense (benefit) (966) 18,063 32,674 22,673  
EBITDA 21,188 82,713 171,368 113,301  
Additions to property, plant, and equipment     2,839 4,882  
Equity investment in investees 0   0   0
Goodwill 0   0   0
Total assets 1,143,090   1,143,090   1,104,090
Amortization of deferred lease income (2,300) (2,300) (4,600) (4,600)  
OPERATING SEGMENTS | CLECO CAJUN | Power supply agreements          
Revenue          
Amortization of intangible assets and liabilities 3,600 3,300 7,200 6,400  
OTHER          
Revenue          
Electric operations (2,420) (2,420) (4,840) (4,840)  
Other operations 2 1 3 2  
Affiliate revenue 25,752 26,120 53,145 53,276  
Electric customer credits 0 0 0 0  
Operating revenue, net 23,334 23,701 48,308 48,438  
Net income (loss) (52,409) (1,093) (29,070) (13,672)  
Depreciation and amortization 4,373 4,427 8,752 8,862  
Interest income 53 14 83 57  
Interest charges 15,081 15,248 29,834 30,687  
Federal and state income tax expense (benefit) 27,280 (17,182) (12,672) (21,490)  
Additions to property, plant, and equipment     672 1,440  
Equity investment in investees (185,901)   (185,901)   (46,901)
Goodwill 0   0   0
Total assets 373,804   373,804   619,101
OTHER | Power supply agreements | CLECO POWER          
Revenue          
Amortization of intangible assets 2,400 2,400 4,800 4,800  
ELIMINATIONS          
Revenue          
Electric operations 0 1 (1) 0  
Other operations (2,136) (1,595) (4,827) (3,535)  
Affiliate revenue (27,380) (27,344) (56,232) (56,155)  
Electric customer credits 0 1 0 0  
Operating revenue, net (29,516) (28,937) (61,060) (59,690)  
Net income (loss) (1) 0 (1) 0  
Depreciation and amortization 1 0 1 0  
Interest income (23) (13) (49) (56)  
Interest charges (22) (14) (50) (55)  
Federal and state income tax expense (benefit) (1) $ 0 0 0  
Additions to property, plant, and equipment     0 $ 0  
Equity investment in investees 185,901   185,901   46,901
Goodwill 0   0   0
Total assets $ 10,518   $ 10,518   $ (218,471)