XML 21 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Cleco Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating revenue      
Electric operations $ 1,048,371 $ 1,187,915 $ 1,513,386
Other operations 103,277 111,565 98,768
Gross operating revenue 1,151,648 1,299,480 1,612,154
Electric customer credits (3,940) (60,689) (7,674)
Operating revenue, net 1,147,708 1,238,791 1,604,480
Operating expenses      
Fuel used for electric generation 244,122 506,264 430,215
Purchased power 117,129 160,570 286,756
Other operations and maintenance 253,528 248,085 230,175
Depreciation and amortization 244,707 199,935 186,139
Taxes other than income taxes 60,743 64,469 57,965
Regulatory disallowance 0 0 13,841
Total operating expenses 920,229 1,179,323 1,205,091
Operating income 227,479 59,468 399,389
Interest income 15,067 5,393 5,250
Allowance for equity funds used during construction 2,310 5,747 3,740
Equity income from investees, before tax 677 0 0
Other expense, net (13,021) (694) (11,240)
Interest charges      
Interest charges, net 156,718 165,529 145,773
Allowance for borrowed funds used during construction (3,163) (673) (1,817)
Total interest charges 153,555 164,856 143,956
Income (loss) from continuing operations before income taxes 78,957 (94,942) 253,183
Federal and state income tax expense (benefit) 14,056 (65,073) 20,035
Income (loss) from continuing operations, net of income taxes 64,901 (29,869) 233,148
Income (loss) from discontinued operations, net of income taxes 45,517 14,642 (44,337)
Net income (loss) $ 110,418 $ (15,227) $ 188,811