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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities:    
Net Income $ 664,655 $ 807,332
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 656,632 612,077
Deferred Income Taxes 73,487 70,402
Uncollectible Expense 46,417 50,720
Pension, SERP and PBOP Expense, Net 18,507 5,192
Pension and PBOP Contributions (120,373) (188,874)
Regulatory Over/(Under) Recoveries, Net 80,688 189,932
Amortization 183,760 174,108
Proceeds from DOE Spent Nuclear Fuel Litigation 68,840 0
Impairment of Northern Pass Transmission 239,644 0
Other (185,625) (129,039)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (57,011) (212,326)
Fuel, Materials, Supplies and REC Inventory 34,030 44,702
Taxes Receivable/Accrued, Net 53,687 70,885
Accounts Payable (157,355) (72,591)
Other Current Assets and Liabilities, Net (105,133) (14,858)
Net Cash Flows Provided by Operating Activities 1,494,850 1,407,662
Investing Activities:    
Investments in Property, Plant and Equipment (2,129,037) (1,885,081)
Proceeds from Sales of Marketable Securities 458,322 405,276
Purchases of Marketable Securities (405,095) (396,277)
Proceeds from the Sale of PSNH Generation Assets 0 193,924
Investments in Unconsolidated Affiliates, Net (374,913) (27,342)
Other Investing Activities (1,126) 3,937
Net Cash Flows Used in Investing Activities (2,451,849) (1,705,563)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 426,902 0
Cash Dividends on Common Shares (495,571) (480,082)
Cash Dividends on Preferred Stock (5,639) (5,639)
(Decrease)/Increase in Notes Payable (197,500) (222,110)
Issuance of Rate Reduction Bonds 0 635,663
Repayment of Rate Reduction Bonds (52,332) 0
Issuance of Long-Term Debt 1,475,000 1,300,000
Retirement of Long-Term Debt (250,855) (860,855)
Other Financing Activities (450) (20,361)
Net Cash Flows Provided by Financing Activities 899,555 346,616
Net (Decrease)/Increase in Cash and Restricted Cash (57,444) 48,715
Cash and Restricted Cash - Beginning of Period 209,324 85,890
Cash and Restricted Cash - End of Period 151,880 134,605
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 326,962 298,610
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 224,095 208,899
Deferred Income Taxes 19,999 28,637
Uncollectible Expense 12,084 12,135
Pension, SERP and PBOP Expense, Net 9,843 6,594
Pension Contributions (24,000) (41,150)
Regulatory Over/(Under) Recoveries, Net 32,435 (1,136)
Amortization of Regulatory Assets, Net 78,453 97,437
Other (66,737) (55,827)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (70,996) (126,513)
Taxes Receivable/Accrued, Net 32,708 72,702
Accounts Payable 8,604 (15,303)
Other Current Assets and Liabilities, Net (51,937) (33,965)
Net Cash Flows Provided by Operating Activities 531,513 451,120
Investing Activities:    
Investments in Property, Plant and Equipment (699,288) (660,673)
Other Investing Activities 645 167
Net Cash Flows Used in Investing Activities (698,643) (660,506)
Financing Activities:    
Cash Dividends on Common Shares (341,800) (60,000)
Cash Dividends on Preferred Stock (4,169) (4,169)
Capital Contributions from Eversource Parent 0 100,000
Issuance of Long-Term Debt 500,000 500,000
Retirement of Long-Term Debt (250,000) (300,000)
Increase/(Decrease) in Notes Payable to Eversource Parent 173,100 (23,600)
Other Financing Activities 12,667 (7,584)
Net Cash Flows Provided by Financing Activities 89,798 204,647
Net (Decrease)/Increase in Cash and Restricted Cash (77,332) (4,739)
Cash and Restricted Cash - Beginning of Period 91,613 9,619
Cash and Restricted Cash - End of Period 14,281 4,880
NSTAR Electric Company    
Operating Activities:    
Net Income 338,688 305,666
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 220,303 205,210
Deferred Income Taxes 11,080 16,203
Uncollectible Expense 18,598 20,433
Pension, SERP and PBOP Income, Net (9,779) (15,855)
Pension and PBOP Contributions (4,910) (60,454)
Regulatory Over/(Under) Recoveries, Net 46,543 180,797
Amortization of Regulatory Assets, Net 73,064 35,467
Other (50,685) (49,178)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (68,167) (155,669)
Fuel, Materials, Supplies and REC Inventory 24,033 29,156
Taxes Receivable/Accrued, Net 66,917 42,148
Accounts Payable (47,256) (13,178)
Other Current Assets and Liabilities, Net (31,495) 33,543
Net Cash Flows Provided by Operating Activities 586,934 574,289
Investing Activities:    
Investments in Property, Plant and Equipment (636,214) (538,973)
Other Investing Activities 67 46
Net Cash Flows Used in Investing Activities (636,147) (538,927)
Financing Activities:    
Cash Dividends on Common Shares (181,800) (161,000)
Cash Dividends on Preferred Stock (1,470) (1,470)
Capital Contributions from Eversource Parent 30,000 105,500
Increase in Notes Payable to Eversource Parent 48,700 16,000
(Decrease)/Increase in Notes Payable (250,500) 6,500
Issuance of Long-Term Debt 400,000 0
Other Financing Activities (3,868) (239)
Net Cash Flows Provided by Financing Activities 41,062 (34,709)
Net (Decrease)/Increase in Cash and Restricted Cash (8,151) 653
Cash and Restricted Cash - Beginning of Period 14,659 14,708
Cash and Restricted Cash - End of Period 6,508 15,361
Public Service Company of New Hampshire    
Operating Activities:    
Net Income 100,512 101,537
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 69,720 69,524
Deferred Income Taxes 12,960 11,473
Uncollectible Expense 4,977 4,865
Pension, SERP and PBOP Expense, Net 683 1,106
Pension Contributions (15,400) 0
Regulatory Over/(Under) Recoveries, Net (13,347) (19,764)
Amortization of Regulatory Assets, Net 39,944 41,318
Other (23,865) (9,075)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (13,498) (32,819)
Fuel, Materials, Supplies and REC Inventory 13,545 14,555
Taxes Receivable/Accrued, Net 31,909 10,929
Accounts Payable (12,100) (3,828)
Other Current Assets and Liabilities, Net 6,754 27,844
Net Cash Flows Provided by Operating Activities 202,794 217,665
Investing Activities:    
Investments in Property, Plant and Equipment (209,031) (236,206)
Proceeds from the Sale of PSNH Generation Assets 0 193,924
Other Investing Activities 904 5,149
Net Cash Flows Used in Investing Activities (208,127) (37,133)
Financing Activities:    
Cash Dividends on Common Shares (252,000) (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 (52,332) 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 (14,900) (216,300)
Other Financing Activities (4,146) 1,080
Net Cash Flows Provided by Financing Activities (23,378) (144,557)
Net (Decrease)/Increase in Cash and Restricted Cash (28,711) 35,975
Cash and Restricted Cash - Beginning of Period 52,723 2,191
Cash and Restricted Cash - End of Period $ 24,012 $ 38,166