XML 39 R20.htm IDEA: XBRL DOCUMENT v3.23.3
NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
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)
Cost of Removal Expenditures (237,368) (284,706)
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)
Other Investing Activities (57) 15,245
Net Cash Flows Used in Investing Activities (3,958,982) (2,928,140)
Financing Activities:    
Cash Dividends on Common Shares (688,878) (643,634)
Cash Dividends on Preferred Stock (5,639) (5,639)
Issuance of Long-Term Debt 4,340,300 4,045,000
(Decrease)/Increase in Notes Payable to Eversource Parent 87,600 (1,103,950)
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
NSTAR Electric    
Operating Activities:    
Net Income 433,267 400,260
Adjustments to Reconcile Net Income to Net Cash Flows (Used In)/Provided by Operating Activities:    
Depreciation 277,396 269,928
Deferred Income Taxes 72,220 34,025
Uncollectible Expense 12,988 12,159
Pension, SERP and PBOP Income, Net (31,007) (41,790)
Pension Contributions 0 (15,000)
Regulatory Over/(Under) Recoveries, Net (103,903) (36,203)
Amortization of Regulatory (Liabilities)/Assets, Net 14,923 65,307
Cost of Removal Expenditures (49,379) (33,467)
Payment in 2022 of Withheld Property Taxes 0 (76,084)
Other (11,174) (8,961)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (76,989) (67,950)
Taxes Receivable/Accrued, Net 61,773 122,467
Accounts Payable (60,363) (55,676)
Other Current Assets and Liabilities, Net (10,752) 65,609
Net Cash Flows (Used In)/Provided by Operating Activities 529,000 634,624
Investing Activities:    
Investments in Property, Plant and Equipment (1,012,357) (691,940)
Other Investing Activities 48 143
Net Cash Flows Used in Investing Activities (1,012,309) (691,797)
Financing Activities:    
Cash Dividends on Common Shares (327,400) (215,700)
Cash Dividends on Preferred Stock (1,470) (1,470)
Issuance of Long-Term Debt 150,000 850,000
Capital Contributions from Eversource Parent 123,600 50,000
(Decrease)/Increase in Notes Payable to Eversource Parent 0 2,800
Increase/(Decrease) in Notes Payable 209,500 (162,500)
Other Financing Activities (1,368) (13,191)
Net Cash Flows Provided by Financing Activities 152,862 509,939
Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash (330,447) 452,766
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 345,293 18,179
Cash and Restricted Cash - End of Period $ 14,846 $ 470,945