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 investments85116110119 6844
Cash and cash equivalents85116110119 6844
Restricted cash and investments5111113 99
Receivables155153113127 105108
Inventory, net of allowances, customer advances and progress billings109838388 7365
Inventory109838388 7365
Prepaid expense15889 810
Deferred costs28232014 1322
Derivative instruments and hedges, assets137237 811
Regulatory current assets21202225 1412
Other current assets131311 00
Other undisclosed current assets222205173169 151219
Total current assets:665638565572 449501
Noncurrent Assets
Operating lease, right-of-use asset2629
Property, plant and equipment4,7904,6453,7793,589 3,1923,165
Long-term investments and receivables24323418 3028
Long-term investments9171818 1715
Accounts and financing receivable, after allowance for credit loss151516    
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases   1313
Intangible assets, net (including goodwill)1,6031,6291,5751,606 7591
Intangible assets, net (excluding goodwill)11213884115 7591
Prepaid expense232622 55
Regulated entity, other noncurrent assets555422425432 289312
Restricted cash and investments1151920 1615
Other noncurrent assets40403835 2221
Other undisclosed noncurrent assets   4 246242
Total noncurrent assets:7,0616,8385,8725,707 3,8743,878
TOTAL ASSETS:7,7267,4766,4376,278 4,3234,379
Current Liabilities
Accounts payable and accrued liabilities184187216185 104138
Accounts payable161159157148 94127
Taxes payable894423 32
Interest and dividends payable16191615 89
Deferred revenue5958
Debt14242119 1918
Deferred compensation liability13121112 1011
Derivative instruments and hedges, liabilities2400 01
Regulatory liability2472  00
Due to related parties4134     
Customer refund liability939364 32
Customer advances and deposits59 5553
Contract with customer, liability62
Other liabilities50453118 1413
Other undisclosed current liabilities 122 3   
Total current liabilities:525511379300 207238
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,165152,8742,836 1,2681,350
Finance lease, liability1515
Operating lease, liability23 
Other undisclosed long-term debt and lease obligation3,127 2,8742,836 1,2681,350
Liabilities, other than long-term debt, including:1,0331,2571,0591,046 1,1742,310
Deferred revenue and credits2 31,164
Accumulated deferred investment tax credit  2
Asset retirement obligations2823     
Deferred tax liabilities, net   925919
Deferred income tax liabilities661657
Liability, pension and other postretirement and postemployment benefits315283249242 205198
Regulatory liability      0
Other liabilities29272632 2529
Other undisclosed liabilities, other than long-term debt 267782770 16 
Other undisclosed noncurrent liabilities2463,049    (1,145)
Total noncurrent liabilities:4,4444,3223,9333,882 2,4422,514
Total liabilities:4,9694,8334,3124,182 2,6492,752
Stockholders' equity
Stockholders' equity attributable to parent  5527 1,6751,627
Common stock     6161
Treasury stock, value     (23)(25)
Additional paid in capital     419415
Accumulated other comprehensive income (loss)  2(3) (27)(33)
Retained earnings  5430 1,2451,209
Other undisclosed stockholders' equity2,7572,6432,0692,069   
Total stockholders' equity:2,7572,6432,1252,096 1,6751,627
TOTAL LIABILITIES AND EQUITY:7,7267,4766,4376,278 4,3234,379

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

Revenues1,4981,6401,231  1,2091,269
Revenue, net  1,2091,269
Cost of revenue(0)    (88)(99)
Cost of goods and services sold     (88)(99)
Provision for loan, lease, and other losses(0)  
Gross profit:1,4981,6401,231  1,1211,170
Operating expenses(1,193)(1,325)(7)(10)(9)(922)(983)
Other undisclosed operating income0    8899
Operating income (loss):3053151,224(10)(9)287286
Nonoperating income (expense)(9)22   215
Investment income, nonoperating46   12
Public utilities, allowance for funds used during construction, additions      5
Public utilities, allowance for funds used during construction, capitalized cost of equity115   35
Other nonoperating income (expense)(14)1   (2)2
Interest and debt expense(138)(141)   (78)(74)
Income (loss) from continuing operations before equity method investments, income taxes:1581961,224(10)(9)211227
Loss from equity method investments     (0) 
Other undisclosed loss from continuing operations before income taxes      (5)
Income (loss) from continuing operations before income taxes:1581961,224(10)(9)211222
Income tax expense(36)(43)   (78)(67)
Net income (loss) available to common stockholders, diluted:1221531,224(10)(9)134155

Comprehensive Income ($ in millions)

Net income (loss):1221531,224(10)(9)134155
Other comprehensive income (loss)(8)(19)   6(7)
Comprehensive income (loss), net of tax, attributable to parent:1141331,224(10)(9)140148

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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