CLECO CORPORATE HOLDINGS LLC (CNL) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments116110119 684429
Cash and cash equivalents116110119 684429
Restricted cash and investments111113 99 
Receivables153113127 10510882
Inventory, net of allowances, customer advances and progress billings838388 7365
Inventory838388 7365 
Prepaid expense889 8109
Deferred costs232014 1322 
Derivative instruments and hedges, assets7237 811 
Regulatory current assets202225 14126
Other current assets1311 000
Other undisclosed current assets205173169 151219348
Total current assets:638565572 449501474
Noncurrent Assets
Operating lease, right-of-use asset29
Property, plant and equipment4,6453,7793,589 3,1923,1653,083
Long-term investments and receivables323418 302828
Long-term investments171818 171515
Accounts and financing receivable, after allowance for credit loss1516     
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases   131314
Intangible assets, net (including goodwill)1,6291,5751,606 7591106
Intangible assets, net (excluding goodwill)13884115 7591106
Prepaid expense2622 555
Regulated entity, other noncurrent assets422425432 289312250
Restricted cash and investments151920 161518
Other noncurrent assets403835 222123
Other undisclosed noncurrent assets  4 246242229
Total noncurrent assets:6,8385,8725,707 3,8743,8783,742
TOTAL ASSETS:7,4766,4376,278 4,3234,3794,215
Current Liabilities
Accounts payable and accrued liabilities187216185 104138129
Accounts payable159157148 94127111
Taxes payable94423 3219
Interest and dividends payable191615 89 
Deferred revenue58
Debt42119 191817
Deferred compensation liability121112 101111
Derivative instruments and hedges, liabilities400 01 
Liability for uncertainty in income taxes      5
Regulatory liability72  00 
Due to related parties34      
Customer refund liability39364 324
Customer advances and deposits59 5553
Contract with customer, liability62
Other liabilities453118 141313
Other undisclosed current liabilities122 3   65
Total current liabilities:511379300 207238243
Noncurrent Liabilities
Long-term debt and lease obligation, including:152,8742,836 1,2681,3501,316
Finance lease, liability15
Other undisclosed long-term debt and lease obligation 2,8742,836 1,2681,3501,316
Liabilities, other than long-term debt, including:1,2571,0591,046 1,1742,3102,075
Deferred revenue and credits2 31,1641,070
Pension and other postretirement defined benefit plans, liabilities103
Accumulated deferred investment tax credit 2
Asset retirement obligations23      
Deferred tax liabilities, net   925919869
Deferred income tax liabilities657
Liability, pension and other postretirement and postemployment benefits283249242 205198
Regulatory liability     0 
Other liabilities272632 252932
Other undisclosed liabilities, other than long-term debt267782770 16  
Other undisclosed noncurrent liabilities3,049    (1,145)(1,005)
Total noncurrent liabilities:4,3223,9333,882 2,4422,5142,386
Total liabilities:4,8334,3124,182 2,6492,7522,629
Stockholders' equity
Stockholders' equity attributable to parent 5527 1,6751,6271,586
Common stock    616161
Treasury stock, value    (23)(25)(21)
Additional paid in capital    419415423
Accumulated other comprehensive income (loss) 2(3) (27)(33)(26)
Retained earnings 5430 1,2451,2091,149
Other undisclosed stockholders' equity2,6432,0692,069    
Total stockholders' equity:2,6432,1252,096 1,6751,6271,586
TOTAL LIABILITIES AND EQUITY:7,4766,4376,278 4,3234,3794,215

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

Revenues1,6401,231  1,2091,2691,097
Revenue, net  1,2091,2691,097
Cost of revenue    (88)(99)(601)
Cost of goods and services sold    (88)(99)(97)
Gross profit:1,6401,231  1,1211,170496
Operating expenses(1,325)(7)(10)(9)(922)(983)(187)
Other undisclosed operating income    8899 
Operating income (loss):3151,224(10)(9)287286308
Nonoperating income22   21520
Investment income, nonoperating6   121
Public utilities, allowance for funds used during construction, additions     54
Public utilities, allowance for funds used during construction, capitalized cost of equity15   354
Other nonoperating income (expense)1   (2)211
Interest and debt expense(141)   (78)(74)(84)
Income (loss) from continuing operations before equity method investments, income taxes:1961,224(10)(9)211227244
Loss from equity method investments    (0)  
Other undisclosed loss from continuing operations before income taxes     (5)(4)
Income (loss) from continuing operations before income taxes:1961,224(10)(9)211222240
Income tax expense(43)   (78)(67)(80)
Net income (loss) available to common stockholders, diluted:1531,224(10)(9)134155161

Comprehensive Income ($ in millions)

Net income (loss):1531,224(10)(9)134155161
Other comprehensive income (loss)(19)   6(7)6
Comprehensive income (loss), net of tax, attributable to parent:1331,224(10)(9)140148167

Statements sources

The financial statements are based on the company's filings with the 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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