XML 1132 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities:      
Net Income $ 400,513 $ 394,107 $ 335,592
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Bad Debt Expense 16,420 31,352 53,947
Depreciation 302,192 300,737 309,618
Deferred Income Tax Expense (Benefit) 196,761 210,939 125,890
Pension and PBOP Expense, Net of PBOP Contributions 133,000 103,861 58,732
Pension Contribution (191,101) (90,633) (37,160)
Regulatory (Underrecoveries)/Overrecoveries, Net (76,896) 20,750 37,868
Amortization of Regulatory Assets/(Liabilities), Net 97,113 95,593 13,315
Amortization of Rate Reduction Bonds 69,912 232,871 217,941
Changes in Derivative Assets and Liabilities (35,441) (11,812) (18,798)
Other Noncash Income (Expense) (29,751) (72,151) (26,003)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net 17,570 (51,285) 91,081
Inventory (11,033) 38,126 25,957
Taxes Receivable/(Accrued) 49,642 (82,103) 16,194
Change in Accounts Payable 18,916 (44,355) (208,180)
Other Current Assets and Liabilities 12,569 17,466 (6,876)
Net Cash Flows Provided by Operating Activities 970,386 1,093,463 989,118
Investing Activities:      
Investments in Property, Plant and Equipment (1,076,730) (954,472) (908,146)
Proceeds from Sales of Marketable Securities 149,441 174,865 208,947
Purchases of Marketable Securities (151,972) (177,204) (211,243)
Proceeds From Sale Of Property Plant And Equipment 46,841 0 0
Other Investing Activities 13,833 (1,157) 7,963
Net Cash Flows Used in Investing Activities (1,018,587) (957,968) (902,479)
Financing Activities:      
Issuance of Common Stock 0 0 383,295
Cash Dividends on Common Stock (194,555) (180,542) (162,381)
Cash Dividends on Preferred Stock (5,559) (5,559) (5,559)
Increase/(Decrease) in Short-Term Debt 50,000 166,687 (518,584)
Issuance of Long-Term Debt 627,500 145,000 462,000
Retirements of Long-Term Debt (369,586) (4,286) (54,286)
Retirements of Rate Reduction Bonds (69,312) (260,864) (244,075)
Other Financing Activities (7,123) 512 (9,913)
Net Cash Flows Provided by/(Used in) Financing Activities 31,365 (139,052) (149,503)
Net Increase/(Decrease) in Cash (16,836) (3,557) (62,864)
Cash - Beginning of Year 23,395 26,952 89,816
Cash - End of Year 6,559 23,395 26,952
The Connecticut Light And Power Company [Member]
     
Operating Activities:      
Net Income 250,164 244,143 216,316
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Bad Debt Expense 3,215 7,484 15,276
Depreciation 157,747 172,167 186,922
Deferred Income Tax Expense (Benefit) 112,620 115,069 52,900
Pension and PBOP Expense, Net of PBOP Contributions 10,664 1,595 (10,709)
Regulatory (Underrecoveries)/Overrecoveries, Net (86,666) 32,492 51,292
Amortization of Regulatory Assets/(Liabilities), Net 65,189 83,906 45,821
Amortization of Rate Reduction Bonds 0 167,021 155,938
Other Noncash Income (Expense) (36,928) (55,515) (38,731)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net 14,610 1,895 50,327
Inventory (2,206) 3,377 (6,339)
Taxes Receivable/(Accrued) 2,719 (56,002) 25,823
Change in Accounts Payable 8,864 (35,976) (85,773)
Other Current Assets and Liabilities 13,291 15,649 5,718
Net Cash Flows Provided by Operating Activities 513,283 697,305 664,781
Investing Activities:      
Investments in Property, Plant and Equipment (424,865) (380,304) (435,723)
Decrease/(Increase) in NU Money Pool Lending 0 97,775 (97,775)
Proceeds From Sale Of Property Plant And Equipment 46,841 0 0
Other Investing Activities 16,001 5,385 4,888
Net Cash Flows Used in Investing Activities (362,023) (277,144) (528,610)
Financing Activities:      
Cash Dividends on Common Stock (243,218) (217,691) (113,848)
Cash Dividends on Preferred Stock (5,559) (5,559) (5,559)
Increase/(Decrease) in Short-Term Debt 31,000 0 (187,973)
Issuance of Long-Term Debt 245,500 0 312,000
Increase/(Decrease) in NU Money Pool Borrowings 52,300 6,225 (102,725)
Retirements of Long-Term Debt (245,500) 0 0
Retirements of Rate Reduction Bonds 0 (195,587) (182,608)
Capital Contributions from NU Parent 6,748 2,513 147,591
Other Financing Activities (2,292) (345) (3,004)
Net Cash Flows Provided by/(Used in) Financing Activities (161,021) (410,444) (136,126)
Net Increase/(Decrease) in Cash (9,761) 9,717 45
Cash - Beginning of Year 9,762 45 0
Cash - End of Year 1 9,762 45
Public Service Company Of New Hampshire [Member]
     
Operating Activities:      
Net Income 100,267 90,067 65,570
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Bad Debt Expense 7,035 8,858 10,084
Depreciation 76,167 67,237 61,961
Deferred Income Tax Expense (Benefit) 75,628 39,225 35,270
Pension and PBOP Expense, Net of PBOP Contributions 27,298 29,112 22,494
Pension Contribution (121,178) (53,689) (6,975)
Regulatory (Underrecoveries)/Overrecoveries, Net 6,079 (2,834) (4,392)
Amortization of Regulatory Assets/(Liabilities), Net 25,383 11,232 (29,619)
Amortization of Rate Reduction Bonds 53,389 50,357 47,482
Changes in Derivative Assets and Liabilities (18,072) 0 0
Insurance Proceeds 0 10,000 10,066
Other Noncash Income (Expense) (20,958) (41,590) (7,526)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net 7,833 (24,497) 1,505
Inventory (9,873) 14,891 59
Taxes Receivable/(Accrued) 5,139 10,037 (13,791)
Change in Accounts Payable (4,517) (14,427) (77,738)
Other Current Assets and Liabilities (4,915) 1,294 (9,192)
Net Cash Flows Provided by Operating Activities 204,705 195,273 105,258
Investing Activities:      
Investments in Property, Plant and Equipment (241,772) (296,335) (266,440)
Decrease/(Increase) in NU Money Pool Lending (55,900) 0 53,800
Other Investing Activities 2,089 (7,819) (1,278)
Net Cash Flows Used in Investing Activities (295,583) (304,154) (213,918)
Financing Activities:      
Cash Dividends on Common Stock (58,828) (50,584) (40,844)
Increase/(Decrease) in Short-Term Debt (30,000) 30,000 (45,227)
Issuance of Long-Term Debt 282,000 0 150,000
Increase/(Decrease) in NU Money Pool Borrowings (47,900) 21,200 26,700
Retirements of Long-Term Debt (119,800) 0 0
Retirements of Rate Reduction Bonds (52,879) (49,867) (47,026)
Capital Contributions from NU Parent 120,030 158,969 68,946
Other Financing Activities (4,248) (252) (2,110)
Net Cash Flows Provided by/(Used in) Financing Activities 88,375 109,466 110,439
Net Increase/(Decrease) in Cash (2,503) 585 1,779
Cash - Beginning of Year 2,559 1,974 195
Cash - End of Year 56 2,559 1,974
Western Massachusetts Electric Company [Member]
     
Operating Activities:      
Net Income 43,054 23,090 26,196
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Bad Debt Expense 3,133 9,747 7,590
Depreciation 26,455 23,561 22,454
Deferred Income Tax Expense (Benefit) 23,056 10,963 22,908
Pension and PBOP Expense, Net of PBOP Contributions 1,722 (535) (2,630)
Regulatory (Underrecoveries)/Overrecoveries, Net 1,459 (11,551) 589
Amortization of Regulatory Assets/(Liabilities), Net 6,361 2,395 (2,980)
Amortization of Rate Reduction Bonds 16,523 15,494 14,521
Changes in Derivative Assets and Liabilities (6,859) 0 0
Other Noncash Income (Expense) (5,441) (7,032) (5,547)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (7,263) (6,838) 3,757
Inventory 331 4,650 (4,489)
Taxes Receivable/(Accrued) 5,084 (393) 1,307
Change in Accounts Payable 12,956 (92) (19,397)
Other Current Assets and Liabilities 3,824 2,406 (2,150)
Net Cash Flows Provided by Operating Activities 124,395 65,865 62,129
Investing Activities:      
Investments in Property, Plant and Equipment (237,996) (115,178) (105,440)
Proceeds from Sales of Marketable Securities 125,157 114,191 106,308
Purchases of Marketable Securities (125,453) (114,587) (106,937)
Decrease/(Increase) in NU Money Pool Lending (11,000) 0 0
Other Investing Activities (1,919) (888) 1,298
Net Cash Flows Used in Investing Activities (251,211) (116,462) (104,771)
Financing Activities:      
Cash Dividends on Common Stock (26,305) (14,882) (18,203)
Increase/(Decrease) in Short-Term Debt 0 0 (29,850)
Issuance of Long-Term Debt 100,000 95,000 0
Increase/(Decrease) in NU Money Pool Borrowings (20,400) (115,700) 104,500
Retirements of Rate Reduction Bonds (16,433) (15,410) (14,441)
Capital Contributions from NU Parent 91,812 102,479 863
Other Financing Activities (1,858) (890) (226)
Net Cash Flows Provided by/(Used in) Financing Activities 126,816 50,597 42,643
Net Increase/(Decrease) in Cash 0 0 1
Cash - Beginning of Year 1 1 0
Cash - End of Year $ 1 $ 1 $ 1