EX-99.A.3 5 clecocorp2001pucha_a3.htm EXHIBIT A-3 CLECO CONSOLIDATING BALANCE SHEET Cleco Corporation 2001 U-3A-2 Exhibit A-3

 

EXHIBIT A-3

Cleco Corporation

Consolidating Balance Sheet

At December 31, 2001

(Unaudited)

Cleco
Midstream
Consolidated

Cleco
Corporation
(Holding
Company)

Cleco
Power

UTS

Cleco
Innovations

CLE
Resources

Cleco
Support
Group

Cleco
ConnexUs

Total
Eliminations and
Reclassifications

Cleco
Consolidated

Assets

   Current assets

      Cash and cash equivalents

$            234 

$       8,202 

$      3,123 

$         7 

$              - 

$        372 

$             - 

$             - 

$                 - 

$        11,938 

      Customer accounts receivable

24,319 

- 

23,200 

25 

- 

- 

- 

- 

- 

47,544 

      Customer receivable intercompany

- 

4,648 

- 

1,128 

- 

- 

2,927 

50 

(8,753)

- 

      Other accounts receivable

6,146 

696 

18,819 

(150)

- 

7 

198 

- 

- 

25,716 

      Notes receivable

1 

- 

- 

- 

- 

- 

- 

- 

(1)

- 

      Notes receivable intercompany

- 

249,241 

- 

- 

- 

- 

- 

- 

(249,241)

- 

      Total unbilled revenues

3,061 

- 

14,802 

- 

- 

- 

- 

- 

- 

17,863 

      Fuel inventory

- 

- 

11,938 

- 

- 

- 

- 

- 

- 

11,938 

      Materials inventory

1,929 

- 

14,230 

- 

- 

- 

- 

- 

- 

16,159 

      Risk management assets

1,710 

- 

104 

- 

- 

- 

- 

- 

- 

1,814 

      Margin deposits

580 

- 

- 

- 

- 

- 

- 

- 

- 

580 

      Accumulated deferred income taxes - current

1,343 

(1,167)

3,518 

1,459 

- 

- 

(211)

(24)

(668)

4,250 

      Other current assets

(246)

2,802 

3,918 

- 

- 

- 

- 

- 

326 

6,800 
_______________________________________________________________________________

         Total current asset

39,077 

264,422 

93,652 

2,469 

- 

379 

2,914 

26 

(258,337)

144,602 
_______________________________________________________________________________

   Property, plant, & equipment

      Property, plant, & equipment

256,763 

- 

1,585,686 

- 

- 

- 

2,120 

- 

- 

1,844,569 

      Accumulated depreciation

(17,828)

- 

(637,390)

- 

- 

- 

(548)

- 

- 

(655,766)
_______________________________________________________________________________

      Net property, plant, & equipment

238,935 

- 

948,296 

- 

- 

- 

1,572 

- 

- 

1,188,803 

      Construction work in progress

519 

856 

28,654 

- 

- 

- 

5,829 

- 

- 

35,858 
_______________________________________________________________________________

         Total property, plant, & equipment, net

239,454 

856 

976,950 

- 

- 

- 

7,401 

- 

- 

1,224,661 
_______________________________________________________________________________

      Investment in subsidiary

227,169 

198,326 

- 

- 

- 

- 

- 

- 

(198,326)

227,169 

      Other assets

- 

- 

- 

1,747 

- 

- 

- 

-  

1,747 

      Operating lease asset

5,904 

- 

- 

- 

- 

- 

- 

- 

-  

5,904 

      Prepayments

10,872 

54 

8,300 

48 

- 

- 

143 

- 

-  

19,417 

      Restricted cash

29,670 

- 

6 

- 

- 

- 

- 

- 

-  

29,676 

      Regulatory asset -  deferred taxes

- 

- 

58,545 

- 

- 

- 

- 

- 

- 

58,545 

      Other deferred charges

4,821 

544 

39,791 

- 

- 

- 

3,263 

- 

- 

48,419 

      Accumulated deferred fuel - asset

- 

- 

7,979 

- 

- 

- 

- 

- 

- 

7,979 

      Accumulated deferred income
          taxes - non-current

1,134 

- 

- 

- 

- 

- 

- 

- 

(1,134)

- 
_______________________________________________________________________________

      Total assets

$      558,101 

$    464,202 

$1,185,223 

$   2,517 

$       1,747 

$        379 

$   13,721 

$           26 

$       (457,797)

$    1,768,119 

======================================================================

 

 

Liabilities and equity

   Current liabilities

      Short term debt

$         1,880 

$    113,933 

$    63,742 

$          - 

$              - 

$            - 

$           - 

$             - 

$                  - 

$       179,555 

      Short term debt intercompany

238,503 

- 

- 

7,047 

2 

- 

3,487 

- 

(249,039)

- 

      Long term debt due in 1 Year

5,466 

371 

25,000 

- 

- 

- 

- 

- 

- 

30,837 

      Accounts payable

24,847 

538 

54,284 

8 

- 

- 

3,592 

1 

(1)

83,269 

      Total AP retainage

6,232 

- 

207 

- 

- 

- 

- 

- 

- 

6,439 

      Customer payable intercompany

3,287 

- 

5,187 

- 

1 

153 

- 

- 

(8,628)

- 

      Customer deposit

(7)

- 

20,668 

- 

- 

- 

- 

- 

- 

20,661 

      Taxes accrued

(2,771)

(3,387)

15,605 

548 

- 

(134)

248 

434 

- 

10,543 

      Interest accrued

6,298 

791 

7,570 

- 

- 

- 

- 

- 

- 

14,659 

      Risk management liabilities

(4)

- 

- 

- 

- 

- 

- 

- 

- 

(4)

      Accumulated deferred fuel

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

      Accum deferred fed & state income
          tax - current

668 

- 

- 

- 

- 

- 

- 

- 

(668)

- 

      Other current liabilities

2,039 

1,214 

4,809 

311 

- 

- 

2,166 

- 

- 

10,539 
_______________________________________________________________________________

         Total current liabilities

286,438 

113,460 

197,072 

7,914 

3 

19 

9,493 

435 

(258,336)

356,498 
_______________________________________________________________________________

   Deferred credits

      Accum deferred fed & state income
          tax - non-current


5,729 


- 


205,316 


(122)


- 


- 


(1,268)


- 


(1,134)


208,521 

      Accum deferred investment tax credit

- 

- 

22,487 

- 

- 

- 

- 

- 

- 

22,487 

      Regulatory liabilities - deferred taxes

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

      Reserve for disposal of segment

- 

- 

- 

164 

- 

- 

- 

- 

- 

164 

      Other deferred credits

3,150 

- 

36,434 

236 

- 

142 

5,750 

- 

- 

42,712 

__________________________________________________________________________________

      Total deferred credits

8,879 

- 

264,237 

278 

- 

142 

4,482 

- 

- 

278,018 

__________________________________________________________________________________

      Long term debt, net

216,123 

100,202 

310,458 

- 

- 

- 

- 

- 

- 

626,783 

__________________________________________________________________________________

         Total liabilities

511,440 

213,662 

771,767 

8,192 

3 

161 

13,975 

435 

(259,470)

1,260,165 

__________________________________________________________________________________

Stockholders' equity

   Preferred stock

      Not subject to mandatory redemption

- 

27,326 

- 

- 

- 

- 

- 

-

- 

27,326 

      Deferred compensation related to
         preferred stock  held by ESOP


- 


(11,338)


- 


- 


- 


- 


- 


- 


- 


(11,338)

__________________________________________________________________________________

         Total preferred stock

- 

15,988 

- 

- 

- 

- 

- 

- 

- 

15,988 

__________________________________________________________________________________

   Common shareholders' equity

      Common stock

- 

45,064 

- 

- 

- 

1 

- 

- 

- 

45,065 

   Premium on Capital Stock

- 

111,753 

- 

- 

- 

- 

- 

- 

- 

111,753 

      Member's equity

21,582 

- 

172,376 

4,495 

1,747 

(1,023)

- 

- 

(199,177)

- 

      Long term debt payable in Company's
         Common Stock

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

      Retained earnings

25,079 

79,840 

241,080 

(10,170)

(3)

1,240 

(254)

(409)

850 

337,253 

      Other comprehensive income

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

      Treasury stock

- 

(2,105)

- 

- 

- 

- 

- 

- 

- 

(2,105)

__________________________________________________________________________________

         Total common shareholders' equity

46,661 

234,552 

413,456 

(5,675)

1,744 

218 

(254)

(409)

(198,327)

491,966 

__________________________________________________________________________________

            Total shareholders' equity

46,661 

250,540 

413,456 

(5,675)

1,744 

218 

(254)

(409)

(198,327)

507,954 

__________________________________________________________________________________

      Total liabilities & shareholders' equity

$      558,101 

$    464,202 

$1,185,223 

$   2,517 

$       1,747 

$        379 

$   13,721 

$           26 

$       (457,797)

$    1,768,119 

=========================================================================