CLECO CORPORATE HOLDINGS LLC Financial Statements (2024 and earlier)

Company Profile

Business Address 2030 DONAHUE FERRY ROAD
PINEVILLE, LA 71360-5226
State of Incorp. LA
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5814985116110119
Cash and cash equivalents5814985116110119
Restricted cash and investments2425111113
Receivables229161155153113127
Inventory, net of allowances, customer advances and progress billings9069109838388
Inventory9069109838388
Prepaid expense171315889
Deferred costs585728232014
Derivative instruments and hedges, assets5043137237
Regulatory asset472921202225
Disposal group, including discontinued operation      
Other current assets713131311
Other undisclosed current assets204232222205173169
Total current assets:784768665638565572
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 11   
Operating lease, right-of-use asset23242629
Property, plant and equipment4,6154,8164,7904,6453,7793,589
Long-term investments and receivables151624323418
Long-term investments229171818
Accounts and financing receivable, after allowance for credit loss1314151516 
Intangible assets, net (including goodwill)1,4911,5731,6031,6291,5751,606
Goodwill1,4911,4911,4911,4911,4911,491
Intangible assets, net (excluding goodwill)  8211213884115
Prepaid expense2522232622
Derivative instruments and hedges5951    
Regulated entity, other noncurrent assets612811555422425432
Restricted cash and investments11011151920
Disposal group, including discontinued operation, noncurrent assets      
Other noncurrent assets424440403835
Other undisclosed noncurrent assets467    4
Total noncurrent assets:7,4707,3577,0616,8385,8725,707
TOTAL ASSETS:8,2548,1257,7267,4766,4376,278
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities235189184187216185
Interest and dividends payable1516191615
Taxes payable6894423
Accounts payable 192168161159157148
Accrued liabilities43     
Deferred revenue58615958
Debt4509314242119
Deferred compensation liability121413121112
Derivative instruments and hedges, liabilities912400
Regulatory liability43442472 
Disposal group, including discontinued operation      
Customer refund liability36939364
Due to related parties13514134  
Customer advances and deposits59
Contract with customer, liability62
Other liabilities405350453118
Other undisclosed current liabilities9  122 3
Total current liabilities:873513525511379300
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1393,3903,165152,8742,836
Finance lease, liability 13141515
Other undisclosed long-term debt and lease obligation3,1263,3553,127 2,8742,836
Liabilities, other than long-term debt, including:1,1491,1451,0331,2571,0591,046
Deferred revenue and credits2
Deferred revenue    
Accumulated deferred investment tax credit     2
Asset retirement obligations74702823  
Deferred income tax liabilities820756661657
Liability, pension and other postretirement and postemployment benefits201292315283249242
Disposal group, including discontinued operation, liabilities      
Other liabilities352829272632
Operating lease, liability202123 
Other undisclosed liabilities, other than long-term debt    267782770
Other undisclosed noncurrent liabilities1461232463,049  
Total noncurrent liabilities:4,4344,6584,4444,3223,9333,882
Total liabilities:5,3075,1714,9694,8334,3124,182
Equity
Equity, attributable to parent     5527
Accumulated other comprehensive income (loss)     2(3)
Retained earnings     5430
Other undisclosed equity2,9472,9542,7572,6432,0692,069
Total equity:2,9472,9542,7572,6432,1252,096
TOTAL LIABILITIES AND EQUITY:8,2548,1257,7267,4766,4376,278

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,2391,7461,4981,6401,231 
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
   (0)   
Gross profit:2,2391,7461,4981,6401,231 
Operating expenses(1,897)(1,401)(1,193)(1,325)(7)(10)
Other undisclosed operating income   0   
Operating income (loss):3423453053151,224(10)
Nonoperating income (expense)(1)(2)(9)22  
Investment income, nonoperating6346  
Public utilities, allowance for funds used during construction, capitalized cost of equity410115  
Other nonoperating income (expense)(11)(16)(14)1  
Interest and debt expense(151)(134)(138)(141)  
Income (loss) from continuing operations before income taxes:1902081581961,224(10)
Income tax expense (benefit)(1)(13)(36)(43)  
Income (loss) from continuing operations:1891951221531,224(10)
Income (loss) before gain (loss) on sale of properties:1951221531,224(10)
Loss from discontinued operations      
Net income (loss) available to common stockholders, diluted:1891951221531,224(10)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1891951221531,224(10)
Other comprehensive income (loss)242(8)(19)  
Comprehensive income (loss), net of tax, attributable to parent:2121971141331,224(10)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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