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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities:    
Net Income $ 310,558 $ 271,426
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 214,948 204,266
Deferred Income Taxes 18,085 88,481
Uncollectible Expense 18,565 19,613
Pension, SERP and PBOP Expense/(Income), Net 8,428 (1,965)
Pension and PBOP Contributions (4,700) (171,244)
Regulatory (Under)/Over Recoveries, Net (19,232) 70,457
Amortization 70,961 45,194
Other (37,310) (74,582)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (155,823) (156,888)
Fuel, Materials, Supplies and Inventory (39,063) (26,956)
Taxes Receivable/Accrued, Net 126,381 (5,061)
Accounts Payable (13,556) (61,571)
Other Current Assets and Liabilities, Net (70,242) (23,456)
Net Cash Flows Provided by Operating Activities 428,000 177,714
Investing Activities:    
Investments in Property, Plant and Equipment (674,694) (607,334)
Proceeds from Sales of Marketable Securities 234,497 145,438
Purchases of Marketable Securities (237,794) (143,264)
Proceeds from the Sale of Generation Assets 0 130,641
Investments in Unconsolidated Affiliates (249,138) (7,340)
Other Investing Activities 4,893 2,140
Net Cash Flows (Used in)/Provided by Investing Activities (922,236) (479,719)
Financing Activities:    
Cash Dividends on Common Stock (169,757) (160,027)
Cash Dividends on Preferred Stock (1,880) (1,880)
Issuance of Treasury Shares 26,109 0
Increase in Notes Payable 829,430 (240,005)
Repayment of Rate Reduction Bonds (30,727) 0
Issuance of Long-Term Debt 0 1,150,000
Retirement of Long-Term Debt (250,215) (150,218)
Other Financing Activities (9,676) (19,140)
Net Cash Flows Provided by Financing Activities 393,284 578,730
Net (Decrease)/Increase in Cash and Restricted Cash (100,952) 276,725
Cash and Restricted Cash - Beginning of Period 209,324 85,890
Cash and Restricted Cash - End of Period 108,372 362,615
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 110,471 98,568
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 73,289 67,498
Deferred Income Taxes 15,188 29,109
Uncollectible Expense 4,116 3,912
Pension, SERP and PBOP Expense/(Income), Net 4,063 3,158
Pension Contributions 0 (82,276)
Regulatory (Under)/Over Recoveries, Net (54,671) (8,878)
Amortization of Regulatory Assets, Net 35,671 28,006
Other (5,848) (18,940)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (60,506) (46,330)
Taxes Receivable/Accrued, Net 41,399 42,460
Accounts Payable 75,373 (28,408)
Other Current Assets and Liabilities, Net (40,274) (23,160)
Net Cash Flows Provided by Operating Activities 198,271 64,719
Investing Activities:    
Investments in Property, Plant and Equipment (189,423) (202,126)
Other Investing Activities 59 56
Net Cash Flows (Used in)/Provided by Investing Activities (189,364) (202,070)
Financing Activities:    
Cash Dividends on Common Stock (99,000) (60,000)
Cash Dividends on Preferred Stock (1,390) (1,390)
Capital Contributions from Eversource Parent 0 9,000
Increase in Notes Payable to Eversource Parent 261,600 (69,500)
Issuance of Long-Term Debt 0 500,000
Retirement of Long-Term Debt (250,000) 0
Other Financing Activities (326) (6,539)
Net Cash Flows Provided by Financing Activities (89,116) 371,571
Net (Decrease)/Increase in Cash and Restricted Cash (80,209) 234,220
Cash and Restricted Cash - Beginning of Period 91,613 9,619
Cash and Restricted Cash - End of Period 11,404 243,839
NSTAR Electric Company    
Operating Activities:    
Net Income 94,014 77,149
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 72,584 70,542
Deferred Income Taxes 3,722 22,542
Uncollectible Expense 5,953 7,526
Pension, SERP and PBOP Income, Net (4,279) (9,295)
Pension and PBOP Contributions (1,503) 0
Regulatory (Under)/Over Recoveries, Net 4,329 17,618
Amortization of Regulatory Assets, Net 22,584 6,364
Other (8,043) (9,730)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (29,220) (52,949)
Fuel, Materials, Supplies and Inventory (46,020) (37,427)
Taxes Receivable/Accrued, Net 29,483 (22,698)
Accounts Payable (18,109) 43,170
Other Current Assets and Liabilities, Net 11,466 23,703
Net Cash Flows Provided by Operating Activities 136,961 136,515
Investing Activities:    
Investments in Property, Plant and Equipment (208,540) (192,036)
Other Investing Activities 17 (654)
Net Cash Flows (Used in)/Provided by Investing Activities (208,523) (192,690)
Financing Activities:    
Cash Dividends on Common Stock (60,600) (161,000)
Cash Dividends on Preferred Stock (490) (490)
Capital Contributions from Eversource Parent 20,000 92,500
Increase in Notes Payable to Eversource Parent 22,300 0
Increase in Notes Payable 89,930 133,000
Other Financing Activities 668 (78)
Net Cash Flows Provided by Financing Activities 71,808 63,932
Net (Decrease)/Increase in Cash and Restricted Cash 246 7,757
Cash and Restricted Cash - Beginning of Period 14,659 14,708
Cash and Restricted Cash - End of Period 14,905 22,465
Public Service Company of New Hampshire    
Operating Activities:    
Net Income 32,781 35,093
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 22,919 23,493
Deferred Income Taxes 6,541 43,021
Uncollectible Expense 1,700 1,700
Regulatory (Under)/Over Recoveries, Net (26,986) 129
Amortization 13,667 5,035
Other 104 (15,212)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 1,103 (80)
Fuel, Materials, Supplies and Inventory 144 4,854
Taxes Receivable/Accrued, Net 17,572 (5,867)
Accounts Payable 58,327 (18,760)
Other Current Assets and Liabilities, Net 6,472 24,543
Net Cash Flows Provided by Operating Activities 132,644 96,249
Investing Activities:    
Investments in Property, Plant and Equipment (110,926) (72,287)
Proceeds from the Sale of Generation Assets 0 130,641
Other Investing Activities 102 97
Net Cash Flows (Used in)/Provided by Investing Activities (110,824) 58,451
Financing Activities:    
Cash Dividends on Common Stock (19,000) (150,000)
Increase in Notes Payable to Eversource Parent 4,000 8,400
Repayment of Rate Reduction Bonds (30,727) 0
Other Financing Activities (20) (38)
Net Cash Flows Provided by Financing Activities (45,747) (141,638)
Net (Decrease)/Increase in Cash and Restricted Cash (23,927) 13,062
Cash and Restricted Cash - Beginning of Period 52,723 2,191
Cash and Restricted Cash - End of Period $ 28,796 $ 15,253