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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net Income $ 343,891 $ 516,072
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 434,032 403,406
Deferred Income Taxes 36,535 161,883
Uncollectible Expense 31,546 29,250
Pension, SERP and PBOP Expense, Net 13,227 3,317
Pension and PBOP Contributions (6,648) (179,002)
Regulatory (Under)/Over Recoveries, Net 23,830 36,669
Amortization 109,906 81,397
Proceeds from DOE Spent Nuclear Fuel Litigation 68,840 0
Impairment of Northern Pass Transmission 239,644 0
Other (137,428) (103,256)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 6,357 (52,923)
Fuel, Materials, Supplies and Inventory 63,918 65,609
Taxes Receivable/Accrued, Net (6,883) (132,999)
Accounts Payable (156,077) (80,059)
Other Current Assets and Liabilities, Net (140,103) (51,229)
Net Cash Flows Provided by Operating Activities 924,587 698,135
Investing Activities:    
Investments in Property, Plant and Equipment (1,377,753) (1,251,678)
Proceeds from Sales of Marketable Securities 348,904 316,252
Purchases of Marketable Securities (302,950) (314,406)
Proceeds from the Sale of PSNH Generation Assets 0 116,809
Investments in Unconsolidated Affiliates (265,955) (13,220)
Other Investing Activities 4,055 (902)
Net Cash Flows Used in Investing Activities (1,593,699) (1,147,145)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 426,902 0
Cash Dividends on Common Shares (323,346) (320,055)
Cash Dividends on Preferred Stock (3,759) (3,759)
(Decrease)/Increase in Notes Payable (181,000) (98,500)
Issuance of Rate Reduction Bonds 0 635,663
Repayment of Rate Reduction Bonds (30,727) 0
Issuance of Long-Term Debt 1,000,000 1,150,000
Retirement of Long-Term Debt (250,437) (860,421)
Other Financing Activities (10,682) (17,958)
Net Cash Flows Provided by Financing Activities 626,951 484,970
Net (Decrease)/Increase in Cash and Restricted Cash (42,161) 35,960
Cash and Restricted Cash - Beginning of Period 209,324 85,890
Cash and Restricted Cash - End of Period 167,163 121,850
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 215,275 198,280
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 147,844 136,881
Deferred Income Taxes 16,513 50,915
Uncollectible Expense 7,627 7,747
Pension, SERP and PBOP Expense, Net 6,926 3,861
Pension Contributions 0 (41,150)
Regulatory (Under)/Over Recoveries, Net (40,460) (39,908)
Amortization of Regulatory Assets, Net 48,047 43,405
Other (40,290) (40,825)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (37,101) (34,772)
Taxes Receivable/Accrued, Net 19,701 105
Accounts Payable 5,443 (30,805)
Other Current Assets and Liabilities, Net (3,941) 14,377
Net Cash Flows Provided by Operating Activities 345,584 268,111
Investing Activities:    
Investments in Property, Plant and Equipment (466,112) (457,677)
Other Investing Activities 551 110
Net Cash Flows Used in Investing Activities (465,561) (457,567)
Financing Activities:    
Cash Dividends on Common Shares (275,400) (60,000)
Cash Dividends on Preferred Stock (2,779) (2,779)
Capital Contributions from Eversource Parent 0 100,000
Issuance of Long-Term Debt 300,000 500,000
Retirement of Long-Term Debt (250,000) (300,000)
Increase/(Decrease) in Notes Payable to Eversource Parent 259,400 (45,500)
Other Financing Activities 4,237 (6,189)
Net Cash Flows Provided by Financing Activities 35,458 185,532
Net (Decrease)/Increase in Cash and Restricted Cash (84,519) (3,924)
Cash and Restricted Cash - Beginning of Period 91,613 9,619
Cash and Restricted Cash - End of Period 7,094 5,695
NSTAR Electric Company    
Operating Activities:    
Net Income 183,747 165,071
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 145,639 134,593
Deferred Income Taxes 11,603 29,238
Uncollectible Expense 11,605 11,301
Pension, SERP and PBOP Income, Net (7,052) (19,785)
Pension and PBOP Contributions (3,007) (59,156)
Regulatory (Under)/Over Recoveries, Net 17,063 34,090
Amortization of Regulatory Assets, Net 45,768 18,318
Other (36,973) (14,646)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (6,769) (40,073)
Fuel, Materials, Supplies and Inventory 49,688 45,058
Taxes Receivable/Accrued, Net 25,572 (37,268)
Accounts Payable (82,326) (17,194)
Other Current Assets and Liabilities, Net (103,054) (46,861)
Net Cash Flows Provided by Operating Activities 251,504 202,686
Investing Activities:    
Investments in Property, Plant and Equipment (418,571) (356,497)
Other Investing Activities 41 31
Net Cash Flows Used in Investing Activities (418,530) (356,466)
Financing Activities:    
Cash Dividends on Common Shares (181,800) (161,000)
Cash Dividends on Preferred Stock (980) (980)
Capital Contributions from Eversource Parent 20,000 100,500
Increase in Notes Payable to Eversource Parent 40,300 0
(Decrease)/Increase in Notes Payable (115,500) 213,810
Issuance of Long-Term Debt 400,000 0
Other Financing Activities (3,287) (158)
Net Cash Flows Provided by Financing Activities 158,733 152,172
Net (Decrease)/Increase in Cash and Restricted Cash (8,293) (1,608)
Cash and Restricted Cash - Beginning of Period 14,659 14,708
Cash and Restricted Cash - End of Period 6,366 13,100
Public Service Company of New Hampshire    
Operating Activities:    
Net Income 59,634 60,871
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 46,180 46,301
Deferred Income Taxes 12,030 41,981
Uncollectible Expense 3,100 3,200
Regulatory (Under)/Over Recoveries, Net (29,377) (29,816)
Amortization of Regulatory Assets, Net 19,523 13,961
Other (7,381) (3,428)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 7,658 (10,510)
Fuel, Materials, Supplies and Inventory 14,225 21,803
Taxes Receivable/Accrued, Net 18,029 (15,475)
Accounts Payable (1,159) (4,843)
Other Current Assets and Liabilities, Net (17,620) (8,050)
Net Cash Flows Provided by Operating Activities 121,742 112,795
Investing Activities:    
Investments in Property, Plant and Equipment (132,791) (149,925)
Proceeds from the Sale of PSNH Generation Assets 0 116,809
Other Investing Activities 743 243
Net Cash Flows Used in Investing Activities (132,048) (32,873)
Financing Activities:    
Cash Dividends on Common Shares (233,000) (150,000)
Capital Contributions from Eversource Parent 0 225,000
Return of Capital 0 (530,000)
Issuance of Rate Reduction Bonds 0 635,663
Repayment of Rate Reduction Bonds (30,727) 0
Issuance of Long-Term Debt 300,000 0
Retirement of Long-Term Debt 0 (110,000)
Increase/(Decrease) in Notes Payable to Eversource Parent (36,900) (144,200)
Other Financing Activities (2,703) (75)
Net Cash Flows Provided by Financing Activities (3,330) (73,612)
Net (Decrease)/Increase in Cash and Restricted Cash (13,636) 6,310
Cash and Restricted Cash - Beginning of Period 52,723 2,191
Cash and Restricted Cash - End of Period $ 39,087 $ 8,501