Cleco Corporate Holdings LLC (CNL) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Cleco Power	1,620.5	1,241.6	1,032.3	1,168.4	1,241.6	1,185.2	1,208.5	1,268.6
Other	99.3	104.0	119.4	99.4	64.9	48.5
Corporate and Other							59.4	63.7
Other	420.5	321.3	267.0	293.7
Total revenues [+]	2,140.4	1,666.8	1,418.8	1,561.4	1,231.0	1,175.6	1,209.4	1,269.5
Products							1,211.6	1,293.0
Net interest income				141.3	126.6	122.9	78.0	73.6
Other							69.2	67.1
Revenue growth [+]	28.4%	17.5%	-9.1%	26.8%	4.7%		-4.7%	15.8%
Cleco Power	30.5%	20.3%	-11.6%	-5.9%	4.8%		-4.7%	15.8%
Other	-4.4%	-13.0%	20.2%	53.1%	33.9%
Corporate and Other							-6.7%
Cost of goods sold	0.0	0.0	0.0	291.0	197.0	197.6	215.5	216.4
Gross profit	2,140.4	1,666.8	1,418.8	1,270.4	1,034.0	978.0	993.9	1,053.1
Gross margin	100.0%	100.0%	100.0%	81.4%	84.0%	83.2%	82.2%	83.0%
Selling, general and administrative [+]	1,897.2	1,401.1	1,193.1	61.9	48.8	48.5	49.1	43.9
General and administrative				61.9	48.8	48.5	49.1	43.9
Equity in earnings
Other operating expenses				669.6	550.7	492.3	503.2	564.9
EBITDA [+]	532.6	539.2	475.2	568.2	451.5	456.7	448.1	454.4
EBITDA growth	-1.2%	13.5%	-16.4%	25.9%	-1.1%		-1.4%	-3.4%
EBITDA margin	24.9%	32.3%	33.5%	36.4%	36.7%	38.8%	37.1%	35.8%
Depreciation	289.5	273.4	249.0	245.7	187.4	186.3	156.2	156.6
EBITA	243.1	265.8	226.2	322.6	264.1	270.4	291.9	297.8
EBITA margin	11.4%	15.9%	15.9%	20.7%	21.5%	23.0%	24.1%	23.5%
Amortization of intangibles			0.5
EBIT [+]	243.1	265.8	225.7	322.6	264.1	270.4	291.9	297.8
EBIT growth	-8.5%	17.7%	-30.0%	22.1%	-2.3%		-2.0%	-3.7%
EBIT margin	11.4%	15.9%	15.9%	20.7%	21.5%	23.0%	24.1%	23.5%
Non-recurring items [+]				7.7	19.5	5.2	4.6	11.7
Loss (gain) on sale of assets								-6.1
Interest income				6.1	6.1	1.4	0.9	1.8
Interest income				6.1	6.1	1.4	0.9	1.8
Other income (expense), net [+]	-53.4	-57.7	-67.7	-125.2	-126.8	-121.5	-76.9	-65.9
Other non-operating income							1.4	4.8
Other non-ooperating expenses							-3.4	-2.5
Other				0.8	-14.3	-6.9	-1.9	2.3
Pre-tax income	189.7	208.1	158.0	195.8	123.8	145.2	211.4	221.9
Income taxes	0.9	13.1	35.7	43.2	29.4	7.1	77.7	67.1
Tax rate	0.5%	6.3%	22.6%	22.0%	23.7%	4.9%	36.8%	30.3%
Net income	0.0	0.0	0.0	152.7	94.4	138.1	133.7	154.7
Net margin	0.0%	0.0%	0.0%	9.8%	7.7%	11.7%	11.1%	12.2%

Basic EPS [+]							$2.21	$2.56
Growth							-13.7%	-3.7%
Diluted EPS [+]							$2.20	$2.55
Growth							-13.7%	-3.5%

Dividends per share [+]							$1.60	$1.56
Growth							2.4%	9.6%

Shares outstanding (basic) [+]							60.5	60.4
Growth							0.1%	0.0%
Shares outstanding (diluted) [+]							60.7	60.6
Growth							0.1%	-0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.