XML 50 R15.htm IDEA: XBRL DOCUMENT v3.22.0.1
THE CONNECTICUT LIGHT AND POWER COMPANY STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Net Income $ 1,228,046 $ 1,212,686 $ 916,572
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 1,103,008 981,380 885,278
Deferred Income Taxes 347,056 257,154 209,812
Uncollectible Expense 60,886 53,461 63,446
Pension, SERP and PBOP (Income)/Expense, Net (14,693) 12,888 22,000
Pension and PBOP Contributions (182,344) (111,524) (121,782)
Regulatory Underrecoveries, Net (314,211) (516,411) (124,870)
Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 81,274 0 0
Cost of Removal Expenditures (242,130) (148,332) (153,477)
Other (64,640) (25,957) (42,610)
Changes in Current Assets and Liabilities:      
Accounts Receivables from Subsidiaries (135,505) (351,843) (98,716)
Fuel, Materials, Supplies and REC Inventory (1,859) (15,404) (8,074)
Taxes Receivable/Accrued, Net (110,621) 43,819 (16,129)
Accounts Payable (29,201) 122,567 14,866
Other Current Assets and Liabilities, Net 5,569 (9,591) (11,603)
Net Cash Flows Provided by Operating Activities 1,962,600 1,682,572 2,009,577
Investing Activities:      
Investments in Property, Plant and Equipment (3,175,080) (2,942,996) (2,911,489)
Other Investing Activities 22,178 23,809 24,204
Net Cash Flows Used in Investing Activities (3,447,374) (4,129,275) (3,274,288)
Financing Activities:      
Cash Dividends on Common Shares (805,439) (744,665) (663,239)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
Issuance of Long-Term Debt 3,230,000 2,760,000 1,520,000
Retirement of Long-Term Debt (1,142,500) (327,236) (801,078)
Other Financing Activities (46,625) 14,273 (1,006)
Net Cash Flows Provided by Financing Activities 1,440,832 2,594,590 1,172,450
Net (Decrease)/Increase in Cash and Restricted Cash (43,942) 147,887 (92,261)
Cash and Restricted Cash - Beginning of Year 264,950 117,063 209,324
Cash and Restricted Cash - End of Year 221,008 264,950 117,063
The Connecticut Light and Power Company      
Operating Activities:      
Net Income 401,725 457,934 410,852
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 338,915 320,709 301,188
Deferred Income Taxes 123,889 144,527 54,005
Uncollectible Expense 13,495 12,882 15,948
Pension, SERP and PBOP (Income)/Expense, Net 5,295 11,372 12,761
Pension and PBOP Contributions (98,913) (23,200) (24,000)
Regulatory Underrecoveries, Net (152,775) (279,941) (24,653)
Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 81,274 0 0
Amortization of Regulatory Assets, Net 99,009 58,412 51,621
Cost of Removal Expenditures (95,792) (57,343) (60,399)
Other (10,194) (57,870) (19,867)
Changes in Current Assets and Liabilities:      
Accounts Receivables from Subsidiaries (75,881) (126,638) (52,746)
Fuel, Materials, Supplies and REC Inventory (2,339) (7,225) (6,171)
Taxes Receivable/Accrued, Net (25,162) (12,014) (23,089)
Accounts Payable 24,895 (17,028) 102,344
Other Current Assets and Liabilities, Net (14,586) (27,504) (11,350)
Net Cash Flows Provided by Operating Activities 612,855 397,073 726,444
Investing Activities:      
Investments in Property, Plant and Equipment (790,083) (833,973) (917,532)
Other Investing Activities 329 573 714
Net Cash Flows Used in Investing Activities (789,754) (833,400) (916,818)
Financing Activities:      
Cash Dividends on Common Shares (341,400) (69,500) (341,800)
Cash Dividends on Preferred Stock (5,559) (5,559) (5,559)
Increase/(Decrease) in Notes Payable to Eversource Parent 0 (63,800) 63,800
Issuance of Long-Term Debt 425,000 400,000 500,000
Retirement of Long-Term Debt (120,500) 0 (250,000)
Capital Contributions from Eversource Parent 200,000 275,000 125,000
Other Financing Activities (5,663) (4,976) 12,291
Net Cash Flows Provided by Financing Activities 151,878 531,165 103,732
Net (Decrease)/Increase in Cash and Restricted Cash (25,021) 94,838 (86,642)
Cash and Restricted Cash - Beginning of Year 99,809 4,971 91,613
Cash and Restricted Cash - End of Year $ 74,788 $ 99,809 $ 4,971