XML 92 R78.htm IDEA: XBRL DOCUMENT v3.23.3
Segment Disclosures (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Apr. 13, 2016
Revenue            
Electric operations $ 361,838 $ 478,733 $ 916,554 $ 1,138,604    
Other operations 31,984 24,759 84,030 62,533    
Affiliate revenue 0 0 0 0    
Electric customer credits 24 (6,728) (1,362) (6,992)    
Operating revenue, net 393,846 496,764 999,222 1,194,145    
Net income 156,112 68,372 99,420 225,479    
Depreciation and amortization 52,378 48,743 155,743 147,034    
Interest income 1,283 1,766 3,223 3,575    
Interest charges 42,034 37,706 122,289 105,494    
Federal and state income tax expense (benefit) (246,494) 9,220 (121,160) 30,472    
Other corporate costs and noncash items 16,604 (75,058) 111,509 (224,862)    
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)    
EBITDA 162,080 109,077 374,285 334,615    
Additions to property, plant, and equipment     165,750 145,514    
Equity investment in investees 1,992   1,992   $ 2,072  
Goodwill 1,490,797   1,490,797   1,490,797 $ 1,490,000
Total assets 8,292,099   8,292,099   8,253,749  
Power supply agreements            
Revenue            
Amortization of intangible assets 2,323 2,420 7,131 7,260    
CLECO POWER            
Revenue            
Electric operations 364,161 481,153 923,685 1,145,864    
Other operations 31,984 24,757 84,028 62,528    
Affiliate revenue 1,645 1,657 4,967 4,744    
Electric customer credits 24 (6,728) (1,362) (6,992)    
Operating revenue, net 397,814 500,839 1,011,318 1,206,144    
Net income 90,914 40,733 157,170 134,462    
Interest income 1,215 1,726 2,979 3,501    
Interest charges 24,921 23,840 73,442 63,947    
Federal and state income tax expense (benefit) (552) 1,862 4,185 5,800    
Additions to property, plant, and equipment     159,947 139,726    
Equity investment in investees 1,992   1,992   2,072  
Total assets 5,460,639   5,460,639   5,344,173  
OPERATING SEGMENTS            
Revenue            
Depreciation and amortization   44,368        
OPERATING SEGMENTS | CLECO POWER            
Revenue            
Electric operations 364,161 481,153 923,685 1,145,864    
Other operations 31,984 24,757 84,028 62,528    
Affiliate revenue 1,645 1,657 4,967 4,744    
Electric customer credits 24 (6,728) (1,362) (6,992)    
Operating revenue, net 397,814 500,839 1,011,318 1,206,144    
Net income 90,914 40,733 157,170 134,462    
Depreciation and amortization 48,012 44,368 142,467 133,907    
Interest income 1,215 1,726 2,979 3,501    
Interest charges 24,921 23,840 73,442 63,947    
Federal and state income tax expense (benefit) (552) 1,862 4,185 5,800    
Income from continuing operations, net of income taxes 90,914 40,733 157,170 134,462    
Loss from discontinued operations, net of income taxes 0 0 0 0    
EBITDA 162,080 109,077 374,285 334,615    
Additions to property, plant, and equipment     159,947 139,726    
Equity investment in investees 1,992   1,992   2,072  
Goodwill 1,490,797   1,490,797   1,490,797  
Total assets 6,951,436   6,951,436   6,834,970  
OTHER            
Revenue            
Electric operations (2,323) (2,420) (7,131) (7,260)    
Other operations 0 1 1 5    
Affiliate revenue 30,253 29,583 86,669 82,728    
Electric customer credits 0 0 0 0    
Operating revenue, net 27,930 27,164 79,539 75,473    
Net income 65,198 27,639 (57,750) 91,018    
Depreciation and amortization 4,365 4,375 13,276 13,127    
Interest income 81 58 357 141    
Interest charges 17,125 13,884 48,961 41,614    
Federal and state income tax expense (benefit) (245,942) 7,358 (125,345) 24,672    
Income from continuing operations, net of income taxes 207,927 49,499 (48,043) 145,591    
Loss from discontinued operations, net of income taxes (142,729) (21,860) (9,707) (54,573)    
Additions to property, plant, and equipment     5,803 5,788    
Equity investment in investees 370,348   370,348   (320,348)  
Goodwill 0   0   0  
Total assets 1,154,811   1,154,811   1,237,096  
OTHER | CLECO POWER | Power supply agreements            
Revenue            
Amortization of intangible assets 2,300 2,400 7,100 7,300    
ELIMINATIONS            
Revenue            
Electric operations 0 0 0 0    
Other operations 0 1 1 0    
Affiliate revenue (31,898) (31,240) (91,636) (87,472)    
Electric customer credits 0 0 0 0    
Operating revenue, net (31,898) (31,239) (91,635) (87,472)    
Net income 0 0 0 (1)    
Depreciation and amortization 1 0 0 0    
Interest income (13) (18) (113) (67)    
Interest charges (12) (18) (114) (67)    
Federal and state income tax expense (benefit) 0 0 0 0    
Income from continuing operations, net of income taxes 0 0 0 (1)    
Loss from discontinued operations, net of income taxes 0 $ 0 0 0    
Additions to property, plant, and equipment     0 $ 0    
Equity investment in investees (370,348)   (370,348)   320,348  
Goodwill 0   0   0  
Total assets $ 185,852   $ 185,852   $ 181,683