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Cleco Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenue        
Electric operations $ 619,500 $ 462,164 $ 1,509,093 $ 1,180,345
Other operations 61,771 55,721 167,042 150,777
Gross operating revenue 681,271 517,885 1,676,135 1,331,122
Electric customer credits (6,728) (691) (6,992) (40,185)
Operating revenue, net 674,543 517,194 1,669,143 1,290,937
Operating expenses        
Fuel used for electric generation 167,068 69,318 333,174 150,620
Purchased power 221,103 101,377 481,728 336,573
Other operations and maintenance 79,830 76,540 222,657 221,234
Depreciation and amortization 58,369 60,628 195,639 169,892
Taxes other than income taxes 18,722 17,766 50,592 50,769
Regulatory disallowance 13,841 0 13,841 0
Total operating expenses 558,933 325,629 1,297,631 929,088
Operating income 115,610 191,565 371,512 361,849
Interest income 2,238 941 4,236 2,416
Allowance for equity funds used during construction 965 711 2,704 2,703
Other expense, net (4,940) (8,109) (13,604) (15,112)
Interest charges        
Interest charges, net 40,353 35,174 111,018 103,092
Allowance for borrowed funds used during construction (463) (545) (1,200) (1,280)
Total interest charges 39,890 34,629 109,818 101,812
Income before income taxes 73,983 150,479 255,030 250,044
Federal and state income tax expense 5,611 30,569 29,551 30,985
Net income $ 68,372 $ 119,910 $ 225,479 $ 219,059