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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net Income $ 1,090,356 $ 919,468
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 885,711 822,197
Deferred Income Taxes 170,752 191,346
Uncollectible Expense 40,753 39,690
Pension, SERP and PBOP Income, Net (120,416) (10,882)
Pension and PBOP Contributions (80,000) (140,000)
Regulatory (Under)/Over Recoveries, Net (32,193) 87,455
Cost of Removal Expenditures (284,706) (138,730)
Other (113,148) (91,148)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (294,383) (158,205)
Taxes Receivable/Accrued, Net 160,260 44,003
Accounts Payable 11,821 (258,509)
Other Current Assets and Liabilities, Net (92,506) (48,855)
Net Cash Flows Provided by Operating Activities 1,688,904 1,520,273
Investing Activities:    
Investments in Property, Plant and Equipment (2,352,743) (2,211,136)
Other Investing Activities 15,245 17,436
Net Cash Flows Used in Investing Activities (2,928,140) (2,418,287)
Financing Activities:    
Cash Dividends on Common Shares (643,634) (603,611)
Cash Dividends on Preferred Stock (5,639) (5,639)
Issuance of Long-Term Debt 4,045,000 3,150,000
Retirement of Long-Term Debt (775,000) (1,142,500)
Decrease in Notes Payable (1,103,950) (458,325)
Other Financing Activities (50,191) (45,522)
Net Cash Flows Provided by/(Used in) Financing Activities 1,620,484 851,193
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 381,248 (46,821)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 221,008 264,950
Cash, Cash Equivalents and Restricted Cash - End of Period 602,256 218,129
NSTAR Electric    
Operating Activities:    
Net Income 400,260 382,287
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 269,928 251,530
Deferred Income Taxes 34,025 12,905
Uncollectible Expense 12,159 12,477
Pension, SERP and PBOP Income, Net (41,790) (19,627)
Pension and PBOP Contributions (15,000) (10,000)
Regulatory (Under)/Over Recoveries, Net (36,203) 86,111
Amortization of Regulatory Assets, Net 65,307 23,963
Cost of Removal Expenditures (33,467) (36,521)
Payment of Withheld Property Taxes (76,084) 0
Other (8,961) (34,484)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (67,950) (110,336)
Taxes Receivable/Accrued, Net 122,467 109,561
Accounts Payable (55,676) (85,431)
Other Current Assets and Liabilities, Net 65,609 34,905
Net Cash Flows Provided by Operating Activities 634,624 617,340
Investing Activities:    
Investments in Property, Plant and Equipment (691,940) (675,245)
Other Investing Activities 143 70
Net Cash Flows Used in Investing Activities (691,797) (675,175)
Financing Activities:    
Cash Dividends on Common Shares (215,700) (283,200)
Cash Dividends on Preferred Stock (1,470) (1,470)
Issuance of Long-Term Debt 850,000 600,000
Retirement of Long-Term Debt 0 (250,000)
Capital Contributions from Eversource Parent 50,000 60,000
Increase in Notes Payable to Eversource Parent 2,800 3,300
Decrease in Notes Payable (162,500) (57,000)
Other Financing Activities (13,191) (10,367)
Net Cash Flows Provided by/(Used in) Financing Activities 509,939 61,263
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 452,766 3,428
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 18,179 17,410
Cash, Cash Equivalents and Restricted Cash - End of Period $ 470,945 $ 20,838