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Cleco Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2025
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Operating activities            
Net income   $ 88,209 $ 4,059      
Adjustments to reconcile net income to net cash provided by operating activities            
Depreciation and amortization   107,028 155,392      
Electric customer credits   0 1,300      
Unearned compensation expense $ 5,546 11,656 13,694 $ 29,463 $ 38,944 $ 36,356
Allowance for equity funds used during construction   (1,434) (780)      
Loss on energy risk management assets and liabilities, net   0 5,276      
Loss on Cleco Cajun Divestiture   0 44,951      
Deferred income taxes   26,456 (41,878)      
Cash surrender value of company/trust-owned life insurance   (1,165) (1,537)      
Derecognition of previously deferred Project Diamond Vault costs   0 10,336      
Changes in assets and liabilities            
Accounts receivable 632   24,916 6,508 26,712 14,792
Unbilled revenue   (6,556) (3,065)      
Fuel inventory and materials and supplies   (22,844) (40,862)      
Prepayments   (20,181) 1,474      
Accounts payable (12,119) (925) (4,466) (49,074) (39,419) (60,340)
Customer deposits 407 760 802 872 1,261 (1,369)
Postretirement benefit obligations   (19,624) (1,599)      
Regulatory assets and liabilities, net   (11,522) 674      
Asset retirement obligation   (1,205) (2,144)      
Deferred fuel recoveries   (19,872) (7,130)      
Other deferred accounts (6,544) (4,967) (2,043) (20,447) (7,122) (10,969)
Taxes accrued 6,732 16,426 81,062 60,950 39,636 518
Interest accrued   4,354 (1,313)      
Energy risk management assets and liabilities, net   (8,466) (10,990)      
Storm reserve   (9,909) (10,470)      
Incentive compensation payable   (35,496) (34,388)      
Other operating (19,558) (5,737) (1,473) (16,082) (5,333) 874
Net cash provided by operating activities 55,254 67,046 176,058 257,715 285,719 415,890
Investing activities            
Additions to property, plant, and equipment (69,101) (141,470) (123,812) (190,676) (274,247) (263,824)
Customer advances for construction 900 1,236 8,527 17,834 18,058 31,888
Refunds of customer advances for construction   (3,074) 0      
Proceeds from sale of discontinued operations (net of transaction fees of $10.8 million)   0 463,769      
Other investing   703 1,489      
Net cash (used in) provided by investing activities (70,978) (142,605) 349,973 292,962 220,575 (229,514)
Financing activities            
Draws on revolving credit facility   145,000 22,000      
Payments on revolving credit facilities   (130,000) (132,000)      
Issuances of long-term debt   305,000 16,599      
Repayment of long-term debt   (183,135) (256,143)      
Payment of financing costs   (5,311) 0      
Credit deposits   0 7,750 7,750 7,750 7,000
Refund of credit deposit   (7,000) 0      
Distributions to member   0 (20,000)      
Other financing   0 (911)      
Net cash provided by (used in) financing activities   124,554 (362,705) (432,161) (599,478) (121,881)
Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents   48,995 163,326      
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 162,883 [1] 162,883 [1] 256,067 256,067 256,067  
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period   211,878 [1] 419,393   162,883 [1] 256,067
Supplementary cash flow information            
Interest paid, net of amount capitalized   67,675 83,259      
Income taxes paid   3,959 1,855      
Supplementary non-cash investing and financing activities            
Accrued additions to property, plant, and equipment $ 9,114 12,495 8,843 $ 7,532 $ 11,470 $ 8,533
Nonrelated Party            
Changes in assets and liabilities            
Accounts receivable   (14,127) 24,916      
Related Party            
Changes in assets and liabilities            
Accounts receivable   $ (3,813) $ (3,740)      
[1]
(1) Includes cash and cash equivalents of $30,472, current restricted cash and cash equivalents of $15,918, and non-current restricted cash and cash equivalents of $116,493.
(2) Includes cash and cash equivalents of $43,081, current restricted cash and cash equivalents of $29,587, and non-current restricted cash and cash equivalents of $139,210.