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Cleco Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenue        
Electric operations $ 361,838 $ 478,733 $ 916,554 $ 1,138,604
Other operations 31,984 24,759 84,030 62,533
Gross operating revenue 393,822 503,492 1,000,584 1,201,137
Electric customer credits 24 (6,728) (1,362) (6,992)
Operating revenue, net 393,846 496,764 999,222 1,194,145
Operating expenses        
Fuel used for electric generation 125,372 107,633 389,216 191,985
Purchased power 44,803 111,764 126,086 213,586
Other operations and maintenance 62,985 62,213 181,260 170,233
Depreciation and amortization 50,055 46,323 148,612 139,774
Taxes other than income taxes 16,746 15,611 48,782 41,288
Regulatory disallowance 0 13,841 0 13,841
Total operating expenses 299,961 357,385 893,956 770,707
Operating income 93,885 139,379 105,266 423,438
Interest income 1,283 1,766 3,223 3,575
Allowance for equity funds used during construction 1,617 965 4,423 2,704
Other expense, net (2,404) (4,952) (2,656) (13,699)
Interest charges        
Interest charges, net 42,212 38,169 123,533 106,694
Allowance for borrowed funds used during construction (178) (463) (1,244) (1,200)
Total interest charges 42,034 37,706 122,289 105,494
Income (loss) from continuing operations before income taxes 52,347 99,452 (12,033) 310,524
Federal and state income tax (benefit) expense (246,494) 9,220 (121,160) 30,472
Income from continuing operations, net of income taxes 298,841 90,232 109,127 280,052
Loss from discontinued operations, net of income taxes (142,729) (21,860) (9,707) (54,573)
Net income $ 156,112 $ 68,372 $ 99,420 $ 225,479