SCHEDULE I - FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

SCHEDULE I - FINANCIAL INFORMATION OF REGISTRANT

SCHEDULE I

EVERSOURCE ENERGY (PARENT)

FINANCIAL INFORMATION OF REGISTRANT

BALANCE SHEETS

AS OF DECEMBER 31, 2019 AND 2018

(Thousands of Dollars)

	2019			2018
ASSETS
Current Assets:
Cash	$	1,469		$	591
Accounts Receivable from Subsidiaries	25,070			32,175
Notes Receivable from Subsidiaries	1,376,000			991,400
Prepayments and Other Current Assets	33,546			26,861
Total Current Assets	1,436,085			1,051,027
Deferred Debits and Other Assets:
Investments in Subsidiary Companies, at Equity	13,162,337			12,009,659
Notes Receivable from Subsidiaries	157,000			323,500
Accumulated Deferred Income Taxes	27,578			40,454
Goodwill	3,231,811			3,231,811
Other Long-Term Assets	92,394			73,669
Total Deferred Debits and Other Assets	16,671,120			15,679,093
Total Assets	$	18,107,205		$	16,730,120
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes Payable	$	878,584		$	631,500
Long-Term Debt - Current Portion	23,933			378,883
Accounts Payable to Subsidiaries	4,333			8,432
Other Current Liabilities	62,385			57,877
Total Current Liabilities	969,235			1,076,692
Deferred Credits and Other Liabilities	149,637			134,614
Long-Term Debt	4,358,339			4,031,997
Common Shareholders' Equity:
Common Shares	1,729,292			1,669,392
Capital Surplus, Paid in	7,087,768			6,241,222
Retained Earnings	4,177,048			3,953,974
Accumulated Other Comprehensive Loss	(65,059		)	(60,000		)
Treasury Stock	(299,055		)	(317,771		)
Common Shareholders' Equity	12,629,994			11,486,817
Total Liabilities and Capitalization	$	18,107,205		$	16,730,120

See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of significant accounting matters related to Eversource parent, including Eversource common shares information as described in Note 19, "Common Shares," material obligations and guarantees as described in Note 13, "Commitments and Contingencies," and debt agreements as described in Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt."

SCHEDULE I

EVERSOURCE ENERGY (PARENT)

FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF INCOME

FOR THE YEARS ENDED DECEMBER 31, 2019, 2018 AND 2017

(Thousands of Dollars, Except Share Information)

	2019			2018			2017
Operating Revenues	$	—		$	—		$	—
Operating Expenses:
Other	50,100			(6,552		)	(32,189		)
Operating (Loss)/Income	(50,100		)	6,552			32,189
Interest Expense	163,937			123,638			80,700
Other Income, Net:
Equity in Earnings of Subsidiaries	1,001,526			1,049,748			993,063
Other, Net	68,137			47,581			23,339
Other Income, Net	1,069,663			1,097,329			1,016,402
Income Before Income Tax Benefit	855,626			980,243			967,891
Income Tax Benefit	(53,427		)	(52,757		)	(20,105		)
Net Income	$	909,053		$	1,033,000		$	987,996
Basic Earnings per Common Share	$	2.83		$	3.25		$	3.11
Diluted Earnings per Common Share	$	2.81		$	3.25		$	3.11
Weighted Average Common Shares Outstanding:
Basic	321,416,086			317,370,369			317,411,097
Diluted	322,941,636			317,993,934			318,031,580

STATEMENTS OF COMPREHENSIVE INCOME

	2019			2018			2017
Net Income	$	909,053		$	1,033,000		$	987,996
Other Comprehensive (Loss)/Income, Net of Tax:
Qualified Cash Flow Hedging Instruments	1,393			1,756			1,974
Changes in Unrealized Gains/(Losses) on Marketable Securities	1,166			(547		)	(350		)
Change in Funded Status of Pension, SERP and PBOP Benefit Plans	(7,618		)	5,194			(2,745		)
Other Comprehensive (Loss)/Income, Net of Tax	(5,059		)	6,403			(1,121		)
Comprehensive Income	$	903,994		$	1,039,403		$	986,875

See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of significant accounting matters related to Eversource parent, including Eversource common shares information as described in Note 19, "Common Shares," material obligations and guarantees as described in Note 13, "Commitments and Contingencies," and debt agreements as described in Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt."

SCHEDULE I

EVERSOURCE ENERGY (PARENT)

FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2019, 2018 and 2017

(Thousands of Dollars)

	2019			2018			2017
Operating Activities:
Net Income	$	909,053		$	1,033,000		$	987,996
Adjustments to Reconcile Net Income to Net Cash
Flows Provided by Operating Activities:
Equity in Earnings of Subsidiaries	(1,001,526		)	(1,049,748		)	(993,063		)
Cash Dividends Received from Subsidiaries	883,000			569,500			753,300
Deferred Income Taxes	13,382			20,032			37,867
Other	19,584			(31,093		)	(36,052		)
Changes in Current Assets and Liabilities:
Accounts Receivables from Subsidiaries	7,105			(28,716		)	29,405
Taxes Receivable/Accrued, Net	(605		)	(20,207		)	1,555
Accounts Payable to Subsidiaries	(4,099		)	(9,817		)	9,763
Other Current Assets and Liabilities, Net	(2,503		)	2,553			7,536
Net Cash Flows Provided by Operating Activities	823,391			485,504			798,307
Investing Activities:
Capital Contributions to Subsidiaries	(1,039,000		)	(955,700		)	(1,156,731		)
Return of Capital from Subsidiary	—			530,000			—
Increase in Notes Receivable from Subsidiaries	(218,100		)	(158,210		)	(192,100		)
Other Investing Activities	(1,799		)	(1,149		)	1,484
Net Cash Flows Used in Investing Activities	(1,258,899		)	(585,059		)	(1,347,347		)
Financing Activities:
Issuance of Common Shares, Net of Issuance Costs	852,254			—			—
Cash Dividends on Common Shares	(663,239		)	(640,110		)	(602,083		)
Issuance of Long-Term Debt	—			1,550,000			1,200,000
Retirement of Long-Term Debt	(350,000		)	(450,000		)	—
Increase/(Decrease) in Notes Payable	593,370			(347,810		)	(42,690		)
Other Financing Activities	4,001			(12,455		)	(5,759		)
Net Cash Flows Provided by Financing Activities	436,386			99,625			549,468
Net Increase in Cash	878			70			428
Cash - Beginning of Year	591			521			93
Cash - End of Year	$	1,469		$	591		$	521
Supplemental Cash Flow Information:
Cash Paid/(Received) During the Year for:
Interest	$	161,323		$	118,533		$	73,868
Income Taxes	$	(63,227	)	$	(30,239	)	$	(59,526	)

See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of significant accounting matters related to Eversource parent, including Eversource common shares information as described in Note 19, "Common Shares," material obligations and guarantees as described in Note 13, "Commitments and Contingencies," and debt agreements as described in Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt."