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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities:    
Net Income $ 851,884 $ 1,090,356
Adjustments to Reconcile Net Income to Net Cash Flows (Used In)/Provided by Operating Activities:    
Depreciation 962,477 885,711
Deferred Income Taxes 78,276 170,752
Uncollectible Expense 40,945 40,753
Pension, SERP and PBOP Income, Net (64,311) (120,416)
Pension Contributions (5,000) (80,000)
Regulatory Over/(Under) Recoveries, Net (4,148) (32,193)
Amortization (438,460) 418,644
Cost of Removal Expenditures (237,368) (284,706)
Customer Credits Distributed in 2022 at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 0 (72,041)
Payment in 2022 of Withheld Property Taxes 0 (78,446)
Impairment of Offshore Wind Investment 401,000 0
Other (114,111) (34,702)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 6,738 (294,383)
Taxes Receivable/Accrued, Net 177,618 160,260
Accounts Payable (385,741) 11,821
Other Current Assets and Liabilities, Net (100,646) (92,506)
Net Cash Flows (Used In)/Provided by Operating Activities 1,169,153 1,688,904
Investing Activities:    
Investments in Property, Plant and Equipment (3,125,617) (2,352,743)
Proceeds from Sales of Marketable Securities 341,871 340,660
Purchases of Marketable Securities (287,814) (313,714)
Investments in Unconsolidated Affiliates (887,365) (617,588)
Other Investing Activities (57) 15,245
Net Cash Flows Used in Investing Activities (3,958,982) (2,928,140)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 0 197,108
Cash Dividends on Common Shares (688,878) (643,634)
Cash Dividends on Preferred Stock (5,639) (5,639)
Increase/(Decrease) in Notes Payable 87,600 (1,103,950)
Repayment of Rate Reduction Bonds (43,210) (43,210)
Issuance of Long-Term Debt 4,340,300 4,045,000
Retirement of Long-Term Debt (1,203,000) (775,000)
Other Financing Activities (38,189) (50,191)
Net Cash Flows Provided by Financing Activities 2,448,984 1,620,484
Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash (340,845) 381,248
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 521,752 221,008
Cash and Restricted Cash - End of Period $ 180,907 $ 602,256