GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cleco Corp (NYSE:CNL) » Definitions » EBIT

Cleco (CNL) EBIT : $290 Mil (TTM As of Dec. 2015)


View and export this data going back to . Start your Free Trial

What is Cleco EBIT?

Cleco's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2015 was $54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $290 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cleco's annualized ROC % for the quarter that ended in Dec. 2015 was 3.22%. Cleco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 6.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cleco's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 8.66%.


Cleco EBIT Historical Data

The historical data trend for Cleco's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cleco EBIT Chart

Cleco Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 369.40 315.42 325.83 297.04 290.25

Cleco Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.23 64.69 70.63 101.21 53.72

Competitive Comparison of Cleco's EBIT

For the Utilities - Regulated Electric subindustry, Cleco's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cleco's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cleco's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cleco's EV-to-EBIT falls into.



Cleco EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $290 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cleco  (NYSE:CNL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cleco's annualized ROC % for the quarter that ended in Dec. 2015 is calculated as:

ROC % (Q: Dec. 2015 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2015 ) + Invested Capital (Q: Dec. 2015 ))/ count )
=208.656 * ( 1 - 35.94% )/( (4152.631 + 4150.899)/ 2 )
=133.6650336/4151.765
=3.22 %

where

Invested Capital(Q: Sep. 2015 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4305.349 - 135.389 - ( 17.329 - max(0, 240.79 - 439.267+17.329))
=4152.631

Invested Capital(Q: Dec. 2015 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4323.354 - 104.209 - ( 68.246 - max(0, 206.579 - 448.859+68.246))
=4150.899

Note: The Operating Income data used here is four times the quarterly (Dec. 2015) data.

2. Joel Greenblatt's definition of Return on Capital:

Cleco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2015  Q: Dec. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=214.876/( ( (3181.068 + max(160.036, 0)) + (3191.563 + max(159.46, 0)) )/ 2 )
=214.876/( ( 3341.104 + 3351.023 )/ 2 )
=214.876/3346.0635
=6.42 %

where Working Capital is:

Working Capital(Q: Sep. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(84.848 + 139.292 + 157.304) - (135.389 + 64.885 + 21.134)
=160.036

Working Capital(Q: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(70.932 + 149.569 + 126.117) - (104.209 + 65.389 + 17.56)
=159.46

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2015) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cleco's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2015 )
=290.25/3351.920
=8.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cleco EBIT Related Terms

Thank you for viewing the detailed overview of Cleco's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Cleco (CNL) Business Description

Traded in Other Exchanges
N/A
Address
Cleco Corp was incorporated on October 30, 1998, under the laws of the State of Louisiana. It is a public utility holding company that owns a vertically integrated electric utility, Cleco Power, which is engaged in the generation, transmission, distribution and sale of electricity primarily in Louisiana.
Executives
Scott Peter M Iii director P O BOX 1551, RALEIGH NC 27601
Shelley Jr Stewart director 9 ROSZEL ROAD, PRINCETON NJ 08540
Vicky A Bailey director 2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
William L Marks director PINEVILLE GENERAL OFFICE, 2030 DONAHUE FERRY RD PO BOX 5000, PINEVILLE LA 71361-5000
Logan W Kruger director C/O CENTURY ALUMINUM COMPANY, 2511 GARDEN ROAD, BUILDING A, SUITE 200, MONTEREY CA 93940
Bruce A Williamson director, officer: President & CEO C/O SOUTHCROSS ENERGY PARTNERS, L.P., 1717 MAIN STREET, SUITE 5200, DALLAS TX 75201
Thomas R Miller officer: SVP - CFO & Treasurer 2030 DONAHUE FERRY ROAD, PINEVILLE LA 71360
Michael Madison other: Former President & CEO PO BOX 5000, PINEVILLE LA 71361-5000
Richard B Crowell director PINEVILLE GENERAL OFFICE, 2030 DONAHUE FERRY RD PO BOX 5000, PINEVILLE LA 71361-5000
Bear Stearns & Co Inc /ny/ 10 percent owner 115 SOUTH JEFFERSON RD, WHIPPANY NJ 07981
Bear Stearns Companies Inc 10 percent owner ONE METROTECH NORTH, 9TH FL., BROOKLYN NY 11201

Cleco (CNL) Headlines

From GuruFocus

Cleco Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 05-05-2010

Cleco Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 08-04-2010

Cleco Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 11-02-2009

Cleco Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 11-01-2010

Mario Gabelli Comments on Cleco Corp

By Holly LaFon Holly LaFon 01-29-2016

Mario Gabelli Comments on Cleco Corp

By Holly LaFon 10-19-2015

Cleco names Kristin Guillory CFO

By PRNewswire PRNewswire 07-14-2021

Cleco Corp. (CNL) President & COO-Cleco Power Dilek Samil sells 10,840 Shares

By GuruFocus Research GuruFocus Editor 05-12-2010