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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net Income $ 510,340 $ 739,068
Adjustments to Reconcile Net Income to Net Cash Flows (Used In)/Provided by Operating Activities:    
Depreciation 632,949 583,568
Deferred Income Taxes 155,035 126,970
Uncollectible Expense 24,171 30,032
Pension, SERP and PBOP Income, Net (46,600) (80,404)
Pension Contributions (2,400) (52,400)
Regulatory Under Recoveries, Net (112,050) (226,238)
Cost of Removal Expenditures (183,552) (169,863)
Other (13,423) 2,530
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 137,819 (176,132)
Taxes Receivable/Accrued, Net 49,201 85,071
Accounts Payable (489,132) (83,550)
Other Current Assets and Liabilities, Net (121,600) (100,835)
Net Cash Flows (Used In)/Provided by Operating Activities 647,277 841,819
Investing Activities:    
Investments in Property, Plant and Equipment (2,039,512) (1,549,081)
Other Investing Activities 11,055 10,771
Net Cash Flows Used in Investing Activities (2,397,675) (1,799,055)
Financing Activities:    
Cash Dividends on Common Shares (458,959) (427,931)
Cash Dividends on Preferred Stock (3,759) (3,759)
Issuance of Long-Term Debt 3,361,000 3,350,000
Increase/(Decrease) in Notes Payable to Eversource Parent (589,200) (1,317,950)
Other Financing Activities (27,839) (42,133)
Net Cash Flows Provided by Financing Activities 1,406,638 892,904
Net Decrease in Cash, Cash Equivalents and Restricted Cash (343,760) (64,332)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 521,752 221,008
Cash and Restricted Cash - End of Period 177,992 156,676
NSTAR Electric    
Operating Activities:    
Net Income 268,556 212,177
Adjustments to Reconcile Net Income to Net Cash Flows (Used In)/Provided by Operating Activities:    
Depreciation 183,292 178,734
Deferred Income Taxes 66,926 42,476
Uncollectible Expense 7,759 8,688
Pension, SERP and PBOP Income, Net (20,460) (27,750)
Pension Contributions 0 (10,000)
Regulatory Under Recoveries, Net (126,487) (106,074)
Amortization of Regulatory (Liabilities)/Assets, Net 21,385 49,367
Cost of Removal Expenditures (33,750) (26,337)
Payment in 2022 of Withheld Property Taxes 0 (76,084)
Other (12,211) (24,635)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (9,745) 35,107
Taxes Receivable/Accrued, Net 28,662 58,289
Accounts Payable (68,720) (98,187)
Other Current Assets and Liabilities, Net (71,745) (18,644)
Net Cash Flows (Used In)/Provided by Operating Activities 233,462 197,127
Investing Activities:    
Investments in Property, Plant and Equipment (677,596) (443,978)
Other Investing Activities 48 118
Net Cash Flows Used in Investing Activities (677,548) (443,860)
Financing Activities:    
Cash Dividends on Common Shares (327,400) (143,800)
Cash Dividends on Preferred Stock (980) (980)
Issuance of Long-Term Debt 0 450,000
Capital Contributions from Eversource Parent 112,300 50,000
Increase/(Decrease) in Notes Payable to Eversource Parent 0 3,200
Increase/(Decrease) in Notes Payable 324,000 (99,500)
Other Financing Activities 8 (7,642)
Net Cash Flows Provided by Financing Activities 107,928 251,278
Net Decrease in Cash, Cash Equivalents and Restricted Cash (336,158) 4,545
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 345,293 18,179
Cash and Restricted Cash - End of Period $ 9,135 $ 22,724