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Cleco Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenue        
Electric operations $ 260,789 $ 366,194 $ 554,717 $ 659,871
Other operations 24,742 18,688 52,046 37,774
Gross operating revenue 285,531 384,882 606,763 697,645
Electric customer credits (736) (129) (1,386) (265)
Operating revenue, net 284,795 384,753 605,377 697,380
Operating expenses        
Fuel used for electric generation 62,800 149,658 181,411 250,239
Purchased power 40,845 51,412 81,283 101,822
Other operations and maintenance 60,754 55,856 118,275 108,022
Depreciation and amortization 45,768 46,253 98,557 93,451
Taxes other than income taxes 15,249 12,307 32,036 25,677
Total operating expenses 225,416 315,486 511,562 579,211
Operating income 59,379 69,267 93,815 118,169
Interest income 673 1,066 1,940 1,809
Allowance for equity funds used during construction 1,574 808 2,806 1,740
Other expense, net (789) (8,470) (252) (8,747)
Interest charges        
Interest charges, net 41,317 35,501 81,322 68,525
Allowance for borrowed funds used during construction (549) (354) (1,066) (737)
Total interest charges 40,768 35,147 80,256 67,788
Income from continuing operations before income taxes 20,069 27,524 18,053 45,183
Federal and state income tax benefit (2,989) (3,577) (3,154) (11,110)
Income from continuing operations, net of income taxes 23,058 31,101 21,207 56,293
Income (loss) from discontinued operations, net of income taxes 24,272 (29,738) (77,899) 100,814
Net (loss) income $ 47,330 $ 1,363 $ (56,692) $ 157,107