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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities:    
Net Income $ 634,422 $ 590,743
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 545,352 476,727
Deferred Income Taxes 120,390 86,550
Uncollectible Expense 27,683 20,579
Pension, SERP and PBOP (Income)/Expense, Net (6,391) 5,441
Pension and PBOP Contributions (72,400) (1,323)
Regulatory Over/(Under) Recoveries, Net 46,835 (58,501)
Amortization 113,624 73,172
Other (154,065) (40,764)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (85,261) (66,460)
Fuel, Materials, Supplies and REC Inventory 77,907 59,332
Taxes Receivable/Accrued, Net (9,113) 120,717
Accounts Payable (285,670) (169,251)
Other Current Assets and Liabilities, Net (145,868) (91,587)
Net Cash Flows Provided by Operating Activities 807,445 1,005,375
Investing Activities:    
Investments in Property, Plant and Equipment (1,423,223) (1,400,198)
Proceeds from Sales of Marketable Securities 253,842 250,589
Purchases of Marketable Securities (240,729) (239,698)
Investments in Unconsolidated Affiliates, Net (100,527) (12,324)
Other Investing Activities 12,661 11,129
Net Cash Flows Used in Investing Activities (1,497,976) (1,390,502)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 0 929,025
Cash Dividends on Common Shares (402,211) (366,817)
Cash Dividends on Preferred Stock (3,759) (3,759)
Increase/(Decrease) in Notes Payable 753,175 (741,870)
Repayment of Rate Reduction Bonds (21,605) (21,605)
Issuance of Long-Term Debt 1,525,000 940,000
Retirement of Long-Term Debt (1,022,000) (270,456)
Other Financing Activities (35,008) (19,534)
Net Cash Flows (Used in)/Provided by Financing Activities 793,592 444,984
Net Increase in Cash and Restricted Cash 103,061 59,857
Cash and Restricted Cash - Beginning of Period 264,950 117,063
Cash and Restricted Cash - End of Period 368,011 176,920
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 213,955 236,009
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 167,828 158,152
Deferred Income Taxes 41,886 33,275
Uncollectible Expense 6,614 6,187
Pension, SERP and PBOP (Income)/Expense, Net 3,803 5,886
Pension and PBOP Contributions (37,880) 0
Regulatory Over/(Under) Recoveries, Net (22,121) (45,886)
Amortization of Regulatory (Liabilities)/Assets, Net 47,716 850
Other (62,137) (43,064)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (104,262) (49,800)
Taxes Receivable/Accrued, Net 33,049 31,139
Accounts Payable (80,007) (49,574)
Other Current Assets and Liabilities, Net 15,513 (244)
Net Cash Flows Provided by Operating Activities 223,957 282,930
Investing Activities:    
Investments in Property, Plant and Equipment (393,323) (407,175)
Other Investing Activities 157 146
Net Cash Flows Used in Investing Activities (393,166) (407,029)
Financing Activities:    
Cash Dividends on Common Shares (140,200) (69,500)
Cash Dividends on Preferred Stock (2,779) (2,779)
Issuance of Long-Term Debt 425,000 0
Increase in Notes Payable to Eversource Parent 0 208,200
Other Financing Activities (5,180) (795)
Net Cash Flows (Used in)/Provided by Financing Activities 276,841 135,126
Net Increase in Cash and Restricted Cash 107,632 11,027
Cash and Restricted Cash - Beginning of Period 99,809 4,971
Cash and Restricted Cash - End of Period 207,441 15,998
NSTAR Electric Company    
Operating Activities:    
Net Income 204,836 197,857
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 166,710 157,865
Deferred Income Taxes 28,742 26,062
Uncollectible Expense 7,394 6,826
Pension, SERP and PBOP Income, Net (12,990) (9,296)
Pension and PBOP Contributions (10,000) 0
Regulatory Over/(Under) Recoveries, Net (12,562) (59,685)
Amortization of Regulatory (Liabilities)/Assets, Net 15,890 46,612
Other (40,315) (12,534)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (49,324) (36,627)
Fuel, Materials, Supplies and REC Inventory 59,256 53,599
Taxes Receivable/Accrued, Net 57,584 5,279
Accounts Payable (88,729) (49,881)
Other Current Assets and Liabilities, Net (80,605) (113,276)
Net Cash Flows Provided by Operating Activities 245,887 212,801
Investing Activities:    
Investments in Property, Plant and Equipment (426,053) (447,545)
Other Investing Activities 43 40
Net Cash Flows Used in Investing Activities (426,010) (447,505)
Financing Activities:    
Cash Dividends on Common Shares (283,200) (196,500)
Cash Dividends on Preferred Stock (980) (980)
Increase in Notes Payable to Eversource Parent 200 7,800
Increase/(Decrease) in Notes Payable 360,500 131,500
Issuance of Long-Term Debt 300,000 400,000
Retirement of Long-Term Debt (250,000) (95,000)
Capital Contributions from Eversource Parent 60,000 0
Other Financing Activities (5,909) (4,946)
Net Cash Flows (Used in)/Provided by Financing Activities 180,611 241,874
Net Increase in Cash and Restricted Cash 488 7,170
Cash and Restricted Cash - Beginning of Period 17,410 6,312
Cash and Restricted Cash - End of Period 17,898 13,482
Public Service Company of New Hampshire    
Operating Activities:    
Net Income 79,309 71,233
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 59,293 49,084
Deferred Income Taxes (842) 9,193
Uncollectible Expense 3,226 1,255
Regulatory Over/(Under) Recoveries, Net (6,965) (31,159)
Amortization of Regulatory (Liabilities)/Assets, Net 44,821 31,673
Other (14,445) (5,191)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (3,717) (3,237)
Fuel, Materials, Supplies and REC Inventory 3,496 2,212
Taxes Receivable/Accrued, Net 9,183 (5,790)
Accounts Payable (29,320) 8,219
Other Current Assets and Liabilities, Net (5,736) (8,673)
Net Cash Flows Provided by Operating Activities 138,303 118,819
Investing Activities:    
Investments in Property, Plant and Equipment (134,256) (169,239)
Other Investing Activities 270 250
Net Cash Flows Used in Investing Activities (133,986) (168,989)
Financing Activities:    
Cash Dividends on Common Shares (210,400) (22,300)
Repayment of Rate Reduction Bonds (21,605) (21,605)
Issuance of Long-Term Debt 350,000 0
Retirement of Long-Term Debt (282,000) 0
Capital Contributions from Eversource Parent 160,000 0
Increase in Notes Payable to Eversource Parent 2,300 92,300
Other Financing Activities (2,941) (43)
Net Cash Flows (Used in)/Provided by Financing Activities (4,646) 48,352
Net Increase in Cash and Restricted Cash (329) (1,818)
Cash and Restricted Cash - Beginning of Period 39,555 36,688
Cash and Restricted Cash - End of Period $ 39,226 $ 34,870