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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net Income $ 739,068 $ 634,422
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 583,568 545,352
Deferred Income Taxes 126,970 120,390
Uncollectible Expense 30,032 27,683
Pension and PBOP Contributions (52,400) (72,400)
Regulatory (Under)/Over Recoveries, Net (226,238) 18,252
Cost of Removal Expenditures (169,863) (95,593)
Other (75,916) (58,472)
Changes in Current Assets and Liabilities:    
Accounts Receivables from Subsidiaries (176,132) (85,261)
Taxes Receivable/Accrued, Net 85,071 (9,113)
Accounts Payable (83,550) (285,670)
Other Current Assets and Liabilities, Net (100,835) (67,961)
Net Cash Flows Provided by Operating Activities 841,819 807,445
Investing Activities:    
Investments in Property, Plant and Equipment (1,549,081) (1,423,223)
Other Investing Activities 10,771 12,661
Net Cash Flows Used in Investing Activities (1,799,055) (1,497,976)
Financing Activities:    
Cash Dividends on Common Shares (427,931) (402,211)
Cash Dividends on Preferred Stock (3,759) (3,759)
Issuance of Long-Term Debt 3,350,000 1,525,000
Retirement of Long-Term Debt (770,000) (1,022,000)
(Decrease)/Increase in Notes Payable (1,317,950) 753,175
Other Financing Activities (42,133) (35,008)
Net Cash Flows Provided by/(Used in) Financing Activities 892,904 793,592
Net (Decrease)/Increase in Cash and Restricted Cash (64,332) 103,061
Cash and Restricted Cash - Beginning of Period 221,008 264,950
Cash and Restricted Cash - End of Period 156,676 368,011
NSTAR Electric    
Operating Activities:    
Net Income 212,177 204,836
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 178,734 166,710
Deferred Income Taxes 42,476 28,742
Uncollectible Expense 8,688 7,394
Pension, SERP and PBOP Expense, Net of Contributions (27,750) (12,990)
Pension and PBOP Contributions (10,000) (10,000)
Regulatory (Under)/Over Recoveries, Net (106,074) (12,562)
Amortization of Regulatory Assets/(Liabilities), Net 49,367 15,890
Cost of Removal Expenditures (26,337) (26,968)
Payment of Withheld Property Taxes (76,084) 0
Other (24,635) (13,347)
Changes in Current Assets and Liabilities:    
Accounts Receivables from Subsidiaries 35,107 (49,324)
Taxes Receivable/Accrued, Net 58,289 57,584
Accounts Payable (98,187) (88,729)
Other Current Assets and Liabilities, Net (18,644) (21,349)
Net Cash Flows Provided by Operating Activities 197,127 245,887
Investing Activities:    
Investments in Property, Plant and Equipment (443,978) (426,053)
Other Investing Activities 118 43
Net Cash Flows Used in Investing Activities (443,860) (426,010)
Financing Activities:    
Cash Dividends on Common Shares (143,800) (283,200)
Cash Dividends on Preferred Stock (980) (980)
Issuance of Long-Term Debt 450,000 300,000
Retirement of Long-Term Debt 0 (250,000)
Capital Contributions from Eversource Parent 50,000 60,000
Increase in Notes Payable to Eversource Parent 3,200 200
(Decrease)/Increase in Notes Payable (99,500) 360,500
Other Financing Activities (7,642) (5,909)
Net Cash Flows Provided by/(Used in) Financing Activities 251,278 180,611
Net (Decrease)/Increase in Cash and Restricted Cash 4,545 488
Cash and Restricted Cash - Beginning of Period 18,179 17,410
Cash and Restricted Cash - End of Period $ 22,724 $ 17,898