XML 96 R57.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Summary of Segment Information and Segmented Total Assets
Eversource's segment information is as follows:
 
For the Year Ended December 31, 2019
Eversource
(Millions of Dollars)
Electric
Distribution
 
Natural Gas
Distribution
 
Electric Transmission
 
Water Distribution
 
Other
 
Eliminations
 
Total
Operating Revenues
$
6,976.5

 
$
1,062.2

 
$
1,389.0

 
$
214.6

 
$
1,028.5

 
$
(2,144.3
)
 
$
8,526.5

Depreciation and Amortization
(651.3
)
 
(68.3
)
 
(253.3
)
 
(46.9
)
 
(63.2
)
 
2.3

 
(1,080.7
)
Impairment of Northern Pass Transmission
—

 
—

 
(239.6
)
 
—

 
—

 
—

 
(239.6
)
Other Operating Expenses
(5,525.1
)
 
(830.8
)
 
(411.2
)
 
(101.0
)
 
(891.3
)
 
2,143.7

 
(5,615.7
)
Operating Income
800.1

 
163.1

 
484.9

 
66.7

 
74.0

 
1.7

 
1,590.5

Interest Expense
(206.4
)
 
(47.4
)
 
(125.7
)
 
(34.6
)
 
(170.3
)
 
51.2

 
(533.2
)
Interest Income
13.3

 
0.1

 
1.5

 
—

 
48.7

 
(50.8
)
 
12.8

Other Income, Net
46.8

 
1.6

 
29.2

 
0.4

 
1,041.5

 
(999.5
)
 
120.0

Income Tax (Expense)/Benefit
(135.9
)
 
(21.2
)
 
(130.5
)
 
2.4

 
11.7

 
—

 
(273.5
)
Net Income
517.9

 
96.2

 
259.4

 
34.9

 
1,005.6

 
(997.4
)
 
916.6

Net Income Attributable to Noncontrolling Interests
(4.6
)
 
—

 
(2.9
)
 
—

 
—

 
—

 
(7.5
)
Net Income Attributable to Common Shareholders
$
513.3

 
$
96.2

 
$
256.5

 
$
34.9

 
$
1,005.6

 
$
(997.4
)
 
$
909.1

Total Assets (as of)
$
22,541.9

 
$
4,345.5

 
$
10,904.0

 
$
2,351.7

 
$
20,469.6

 
$
(19,488.8
)
 
$
41,123.9

Cash Flows Used for Investments in Plant
$
1,104.2

 
$
460.2

 
$
987.0

 
$
118.0

 
$
242.1

 
$
—

 
$
2,911.5

 
For the Year Ended December 31, 2018
Eversource
(Millions of Dollars)
Electric
Distribution
 
Natural Gas
Distribution
 
Electric
Transmission
 
Water Distribution
 
Other
 
Eliminations
 
Total
Operating Revenues (1)
$
6,957.2

 
$
1,022.2

 
$
1,286.3

 
$
212.0

 
$
936.3

 
$
(1,965.8
)
 
$
8,448.2

Depreciation and Amortization
(671.8
)
 
(75.0
)
 
(231.8
)
 
(46.5
)
 
(49.1
)
 
2.2

 
(1,072.0
)
Other Operating Expenses (1)
(5,548.6
)
 
(787.6
)
 
(375.5
)
 
(99.8
)
 
(831.5
)
 
1,966.7

 
(5,676.3
)
Operating Income
736.8

 
159.6

 
679.0

 
65.7

 
55.7

 
3.1

 
1,699.9

Interest Expense
(202.8
)
 
(44.1
)
 
(120.6
)
 
(34.3
)
 
(129.3
)
 
32.3

 
(498.8
)
Interest Income
18.7

 
—

 
2.4

 
—

 
30.3

 
(33.3
)
 
18.1

Other Income/(Loss), Net
67.5

 
7.1

 
31.1

 
(0.4
)
 
1,185.3

 
(1,180.3
)
 
110.3

Income Tax (Expense)/Benefit
(160.2
)
 
(29.4
)
 
(161.8
)
 
(0.1
)
 
62.5

 
—

 
(289.0
)
Net Income
460.0

 
93.2

 
430.1

 
30.9

 
1,204.5

 
(1,178.2
)
 
1,040.5

Net Income Attributable to Noncontrolling Interests
(4.6
)
 
—

 
(2.9
)
 
—

 
—

 
—

 
(7.5
)
Net Income Attributable to Common Shareholders
$
455.4

 
$
93.2

 
$
427.2

 
$
30.9

 
$
1,204.5

 
$
(1,178.2
)
 
$
1,033.0

Total Assets (as of)
$
21,389.1

 
$
3,904.9

 
$
10,285.0

 
$
2,253.0

 
$
17,874.2

 
$
(17,464.9
)
 
$
38,241.3

Cash Flows Used for Investments in Plant (2)
$
961.3

 
$
351.5

 
$
976.2

 
$
102.3

 
$
178.6

 
$
—

 
$
2,569.9

 
For the Year Ended December 31, 2017
Eversource
(Millions of Dollars)
Electric
Distribution
 
Natural Gas
Distribution
 
Electric
Transmission
 
Water Distribution
 
Other
 
Eliminations
 
Total
Operating Revenues (1)
$
5,542.9

 
$
947.3

 
$
1,301.7

 
$
15.9

 
$
931.0

 
$
(986.8
)
 
$
7,752.0

Depreciation and Amortization
(542.6
)
 
(72.9
)
 
(209.4
)
 
(3.7
)
 
(37.4
)
 
2.2

 
(863.8
)
Other Operating Expenses (1)
(4,072.6
)
 
(716.4
)
 
(382.8
)
 
(8.3
)
 
(806.6
)
 
986.7

 
(5,000.0
)
Operating Income
927.7

 
158.0

 
709.5

 
3.9

 
87.0

 
2.1

 
1,888.2

Interest Expense
(186.3
)
 
(43.1
)
 
(115.1
)
 
(3.1
)
 
(90.0
)
 
15.8

 
(421.8
)
Interest Income
7.3

 
0.1

 
1.8

 
0.1

 
15.7

 
(16.7
)
 
8.3

Other Income, Net
41.6

 
3.8

 
27.3

 
—

 
1,113.0

 
(1,086.0
)
 
99.7

Income Tax Expense
(288.3
)
 
(44.2
)
 
(228.7
)
 
(2.1
)
 
(15.5
)
 
(0.1
)
 
(578.9
)
Net Income/(Loss)
502.0

 
74.6

 
394.8

 
(1.2
)
 
1,110.2

 
(1,084.9
)
 
995.5

Net Income Attributable to Noncontrolling Interests
(4.6
)
 
—

 
(2.9
)
 
—

 
—

 
—

 
(7.5
)
Net Income/(Loss) Attributable to Common
Shareholders
$
497.4

 
$
74.6

 
$
391.9

 
$
(1.2
)
 
$
1,110.2

 
$
(1,084.9
)
 
$
988.0

Cash Flows Used for Investments in Plant
$
1,020.7

 
$
298.2

 
$
867.6

 
$
16.0

 
$
145.6

 
$
—

 
$
2,348.1


(1)
Effective January 1, 2018, upon implementation of the new revenue accounting guidance, the electric distribution segment is presented gross and intercompany transmission billings are presented in the eliminations column, as Eversource believes that the electric distribution segment acts as a principal, rather than an agent, in its contracts with retail customers. Retail customers contract directly with the electric distribution utility and do not differentiate between distribution and transmission services. Therefore, the electric distribution segment revenues, which are derived from retail customer billings, are presented gross of the eliminations. Prior to 2018, the electric distribution segment presented intercompany electric transmission billings net, based on indicators of net presentation prior to the new revenue guidance.  See Note 23 "Revenues," to the financial statements regarding accounting for revenues.

(2)
See Note 1B, "Summary of Significant Accounting Policies - Basis of Presentation," for information regarding the correction of cash investments in plant reported in 2018.