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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities:    
Net Income $ 445,326 $ 368,023
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 289,330 270,704
Deferred Income Taxes 67,557 41,917
Uncollectible Expense 17,135 16,295
Pension, SERP and PBOP Income, Net (40,642) (2,341)
Pension and PBOP Contributions (26,100) (31,100)
Regulatory (Under)/Over Recoveries, Net (107,767) 28,024
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty (58,412) 30,000
Amortization 236,948 108,013
Cost of Removal Expenditures (61,660) (39,333)
Other (21,409) (51,913)
Changes in Current Assets and Liabilities:    
Accounts Receivables from Subsidiaries (291,723) (124,344)
Fuel, Materials, Supplies and REC Inventory (19,495) (42,494)
Taxes Receivable/Accrued, Net 56,519 64,076
Accounts Payable (68,909) (181,725)
Other Current Assets and Liabilities, Net (44,758) (42,386)
Net Cash Flows Provided by Operating Activities 371,940 411,416
Investing Activities:    
Investments in Property, Plant and Equipment (764,594) (688,983)
Proceeds from Sales of Marketable Securities 90,409 79,818
Purchases of Marketable Securities (76,182) (68,360)
Investments in Unconsolidated Affiliates, Net (113,856) (34,127)
Other Investing Activities 5,976 7,135
Net Cash Flows Used in Investing Activities (858,247) (704,517)
Financing Activities:    
Cash Dividends on Common Shares (213,890) (201,013)
Cash Dividends on Preferred Stock (1,880) (1,880)
Increase in Notes Payable 163,350 669,919
Repayment of Rate Reduction Bonds (21,605) (21,605)
Issuance of Long-Term Debt 1,300,000 350,000
Retirement of Long-Term Debt (770,000) (572,000)
Other Financing Activities (26,087) (19,666)
Net Cash Flows Provided by/(Used in) Financing Activities 429,888 203,755
Net Decrease in Cash and Restricted Cash (56,419) (89,346)
Cash and Restricted Cash - Beginning of Period 221,008 264,950
Cash and Restricted Cash - End of Period $ 164,589 $ 175,604