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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net Income $ 368,023 $ 336,633
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 270,704 236,211
Deferred Income Taxes 41,917 44,201
Uncollectible Expense 16,295 11,353
Pension, SERP and PBOP (Income)/Expense, Net (2,341) 1,953
Pension and PBOP Contributions (31,100) (723)
Regulatory Over/(Under) Recoveries, Net 58,024 (22,288)
Amortization 108,013 49,776
Other (91,246) (33,317)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (124,344) (55,290)
Fuel, Materials, Supplies and REC Inventory (42,494) (51,027)
Taxes Receivable/Accrued, Net 64,076 92,140
Accounts Payable (181,725) (127,366)
Other Current Assets and Liabilities, Net (42,386) (61,950)
Net Cash Flows Provided by Operating Activities 411,416 420,306
Investing Activities:    
Investments in Property, Plant and Equipment (688,983) (725,520)
Proceeds from Sales of Marketable Securities 79,818 58,627
Purchases of Marketable Securities (68,360) (50,723)
Investments in Unconsolidated Affiliates, Net (34,127) (6,113)
Other Investing Activities 7,135 6,119
Net Cash Flows Used in Investing Activities (704,517) (717,610)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 0 419,786
Cash Dividends on Common Shares (201,013) (181,608)
Cash Dividends on Preferred Stock (1,880) (1,880)
(Decrease)/Increase in Notes Payable 669,919 (408,950)
Repayment of Rate Reduction Bonds (21,605) (21,605)
Issuance of Long-Term Debt 350,000 750,000
Retirement of Long-Term Debt (572,000) (220,253)
Other Financing Activities (19,666) (21,560)
Net Cash Flows (Used in)/Provided by Financing Activities 203,755 313,930
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (89,346) 16,626
Cash and Restricted Cash - Beginning of Period 264,950 117,063
Cash and Restricted Cash - End of Period 175,604 133,689
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 98,398 118,738
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 83,405 78,435
Deferred Income Taxes 25,354 19,910
Uncollectible Expense 3,797 3,230
Pension, SERP and PBOP (Income)/Expense, Net 3,088 3,315
Pension and PBOP Contributions (18,940) 0
Regulatory Over/(Under) Recoveries, Net (29,971) (34,198)
Amortization of Regulatory Assets, Net 62,775 6,548
Other (30,070) (27,239)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (66,930) (27,969)
Taxes Receivable/Accrued, Net 29,596 40,505
Accounts Payable 17,124 (27,298)
Other Current Assets and Liabilities, Net (21,433) (21,801)
Net Cash Flows Provided by Operating Activities 156,193 132,176
Investing Activities:    
Investments in Property, Plant and Equipment (197,954) (212,374)
Other Investing Activities 80 74
Net Cash Flows Used in Investing Activities (197,874) (212,300)
Financing Activities:    
Cash Dividends on Common Shares (70,100) (69,500)
Cash Dividends on Preferred Stock (1,390) (1,390)
Increase in Notes Payable to Eversource Parent 32,100 155,200
Other Financing Activities (450) (390)
Net Cash Flows (Used in)/Provided by Financing Activities (39,840) 83,920
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (81,521) 3,796
Cash and Restricted Cash - Beginning of Period 99,809 4,971
Cash and Restricted Cash - End of Period 18,288 8,767
NSTAR Electric Company    
Operating Activities:    
Net Income 93,924 100,390
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 82,793 78,345
Deferred Income Taxes 10,309 9,775
Uncollectible Expense 3,868 3,704
Pension, SERP and PBOP Income, Net (6,335) (4,754)
Regulatory Over/(Under) Recoveries, Net (3,405) (17,434)
Amortization of Regulatory Assets, Net 18,418 27,008
Other (23,586) (1,643)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (14,587) (64,951)
Fuel, Materials, Supplies and REC Inventory (52,998) (54,450)
Taxes Receivable/Accrued, Net 58,353 32,135
Accounts Payable (45,604) (53,462)
Other Current Assets and Liabilities, Net 51,445 7,033
Net Cash Flows Provided by Operating Activities 172,595 61,696
Investing Activities:    
Investments in Property, Plant and Equipment (215,483) (247,549)
Other Investing Activities 22 21
Net Cash Flows Used in Investing Activities (215,461) (247,528)
Financing Activities:    
Cash Dividends on Common Shares (206,400) (196,500)
Cash Dividends on Preferred Stock (490) (490)
Increase in Notes Payable to Eversource Parent 1,200 8,100
(Decrease)/Increase in Notes Payable 248,500 77,500
Issuance of Long-Term Debt 0 400,000
Retirement of Long-Term Debt 0 (95,000)
Other Financing Activities 19 (4,961)
Net Cash Flows (Used in)/Provided by Financing Activities 42,829 188,649
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (37) 2,817
Cash and Restricted Cash - Beginning of Period 17,410 6,312
Cash and Restricted Cash - End of Period 17,373 9,129
Public Service Company of New Hampshire    
Operating Activities:    
Net Income 44,676 39,601
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 29,468 24,334
Deferred Income Taxes (378) 4,167
Uncollectible Expense 1,221 666
Regulatory Over/(Under) Recoveries, Net (14,645) (22,977)
Amortization of Regulatory Assets, Net 18,547 20,110
Other (6,654) (3,885)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 3,223 2,843
Fuel, Materials, Supplies and REC Inventory (2,296) (3,526)
Taxes Receivable/Accrued, Net 9,867 6,110
Accounts Payable (21,025) (18,064)
Other Current Assets and Liabilities, Net 12,897 9,118
Net Cash Flows Provided by Operating Activities 74,901 58,497
Investing Activities:    
Investments in Property, Plant and Equipment (68,278) (88,694)
Other Investing Activities 137 126
Net Cash Flows Used in Investing Activities (68,141) (88,568)
Financing Activities:    
Cash Dividends on Common Shares (25,200) (22,300)
Repayment of Rate Reduction Bonds (21,605) (21,605)
Retirement of Long-Term Debt (122,000) 0
Increase in Notes Payable to Eversource Parent 150,500 57,700
Other Financing Activities (22) (22)
Net Cash Flows (Used in)/Provided by Financing Activities (18,327) 13,773
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (11,567) (16,298)
Cash and Restricted Cash - Beginning of Period 39,555 36,688
Cash and Restricted Cash - End of Period $ 27,988 $ 20,390