XML 28 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities:    
Net Income $ 919,468 $ 938,883
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 822,197 721,179
Deferred Income Taxes 191,346 156,795
Uncollectible Expense 39,690 31,101
Pension, SERP and PBOP (Income)/Expense, Net (10,882) 9,153
Pension and PBOP Contributions (140,000) (107,985)
Regulatory Over/(Under) Recoveries, Net 87,455 (29,287)
Charges at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 103,583 0
Amortization 158,860 130,687
Other (229,878) (69,216)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (158,205) (193,895)
Fuel, Materials, Supplies and REC Inventory 48,312 21,102
Taxes Receivable/Accrued, Net 44,003 89,759
Accounts Payable (258,509) (121,034)
Other Current Assets and Liabilities, Net (97,167) (81,033)
Net Cash Flows Provided by Operating Activities 1,520,273 1,496,209
Investing Activities:    
Investments in Property, Plant and Equipment (2,211,136) (2,101,564)
Proceeds from Sales of Marketable Securities 334,619 386,712
Purchases of Marketable Securities (313,961) (391,368)
Proceeds from the Sale of Hingham Water System 0 110,536
Investments in Unconsolidated Affiliates, Net (245,245) (31,677)
Other Investing Activities 17,436 17,647
Net Cash Flows Used in Investing Activities (2,418,287) (2,009,714)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 0 929,025
Cash Dividends on Common Shares (603,611) (555,655)
Cash Dividends on Preferred Stock (5,639) (5,639)
Decrease in Notes Payable (458,325) (1,174,870)
Repayment of Rate Reduction Bonds (43,210) (43,210)
Issuance of Long-Term Debt 3,150,000 2,360,000
Retirement of Long-Term Debt (1,142,500) (302,236)
Other Financing Activities (45,522) 18,030
Net Cash Flows (Used in)/Provided by Financing Activities 851,193 1,225,445
Net (Decrease)/Increase in Cash and Restricted Cash (46,821) 711,940
Cash and Restricted Cash - Beginning of Period 264,950 117,063
Cash and Restricted Cash - End of Period 218,129 829,003
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 284,107 356,106
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 253,132 238,735
Deferred Income Taxes 77,147 92,590
Uncollectible Expense 10,183 10,013
Pension, SERP and PBOP (Income)/Expense, Net 4,478 8,629
Pension and PBOP Contributions (78,913) (23,200)
Regulatory Over/(Under) Recoveries, Net (19,404) (32,051)
Charges at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 103,583 0
Amortization of Regulatory Assets, Net 76,637 37,215
Other (74,179) (63,525)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (165,423) (153,464)
Taxes Receivable/Accrued, Net 45,762 (1,515)
Accounts Payable (54,226) (1,976)
Other Current Assets and Liabilities, Net (12,315) (68,316)
Net Cash Flows Provided by Operating Activities 450,569 399,241
Investing Activities:    
Investments in Property, Plant and Equipment (563,234) (609,690)
Other Investing Activities 251 496
Net Cash Flows Used in Investing Activities (562,983) (609,194)
Financing Activities:    
Cash Dividends on Common Shares (210,300) (69,500)
Cash Dividends on Preferred Stock (4,169) (4,169)
Issuance of Long-Term Debt 425,000 0
Retirement of Long-Term Debt (120,500) 0
Capital Contributions from Eversource Parent 0 125,000
Increase in Notes Payable to Eversource Parent 0 172,100
Other Financing Activities (5,664) (1,214)
Net Cash Flows (Used in)/Provided by Financing Activities 84,367 222,217
Net (Decrease)/Increase in Cash and Restricted Cash (28,047) 12,264
Cash and Restricted Cash - Beginning of Period 99,809 4,971
Cash and Restricted Cash - End of Period 71,762 17,235
NSTAR Electric Company    
Operating Activities:    
Net Income 382,287 363,585
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 251,530 238,232
Deferred Income Taxes 12,905 13,436
Uncollectible Expense 12,477 11,321
Pension, SERP and PBOP Income, Net (19,627) (13,714)
Pension and PBOP Contributions (10,000) (650)
Regulatory Over/(Under) Recoveries, Net 86,111 (20,047)
Amortization of Regulatory Assets, Net 23,963 69,139
Other (71,005) (25,508)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (110,336) (104,528)
Fuel, Materials, Supplies and REC Inventory 50,227 27,709
Taxes Receivable/Accrued, Net 109,561 55,405
Accounts Payable (85,431) (57,300)
Other Current Assets and Liabilities, Net (15,322) (54,481)
Net Cash Flows Provided by Operating Activities 617,340 502,599
Investing Activities:    
Investments in Property, Plant and Equipment (675,245) (655,039)
Other Investing Activities 70 138
Net Cash Flows Used in Investing Activities (675,175) (654,901)
Financing Activities:    
Cash Dividends on Common Shares (283,200) (196,500)
Cash Dividends on Preferred Stock (1,470) (1,470)
Increase in Notes Payable to Eversource Parent 3,300 6,300
Decrease in Notes Payable (57,000) 50,000
Issuance of Long-Term Debt 600,000 400,000
Retirement of Long-Term Debt (250,000) (95,000)
Capital Contributions from Eversource Parent 60,000 0
Other Financing Activities (10,367) (4,931)
Net Cash Flows (Used in)/Provided by Financing Activities 61,263 158,399
Net (Decrease)/Increase in Cash and Restricted Cash 3,428 6,097
Cash and Restricted Cash - Beginning of Period 17,410 6,312
Cash and Restricted Cash - End of Period 20,838 12,409
Public Service Company of New Hampshire    
Operating Activities:    
Net Income 123,452 118,384
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 89,462 74,494
Deferred Income Taxes (13,385) 13,959
Uncollectible Expense 4,381 2,058
Pension, SERP and PBOP (Income)/Expense, Net (2,664) (894)
Pension Contributions 0 (19,500)
Regulatory Over/(Under) Recoveries, Net 29,029 (22,203)
Amortization of Regulatory Assets, Net 62,744 39,034
Other (22,738) (7,545)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (25,607) (24,562)
Fuel, Materials, Supplies and REC Inventory 2,040 (301)
Taxes Receivable/Accrued, Net 22,286 1,313
Accounts Payable (42,654) (29,388)
Other Current Assets and Liabilities, Net 10,826 4,363
Net Cash Flows Provided by Operating Activities 237,172 149,212
Investing Activities:    
Investments in Property, Plant and Equipment (217,414) (248,899)
Other Investing Activities 431 1,969
Net Cash Flows Used in Investing Activities (216,983) (246,930)
Financing Activities:    
Cash Dividends on Common Shares (235,600) (22,300)
Repayment of Rate Reduction Bonds (43,210) (43,210)
Issuance of Long-Term Debt 350,000 150,000
Retirement of Long-Term Debt (282,000) 0
Capital Contributions from Eversource Parent 160,000 0
Increase in Notes Payable to Eversource Parent 20,200 2,100
Other Financing Activities (2,961) (2,965)
Net Cash Flows (Used in)/Provided by Financing Activities (33,571) 83,625
Net (Decrease)/Increase in Cash and Restricted Cash (13,382) (14,093)
Cash and Restricted Cash - Beginning of Period 39,555 36,688
Cash and Restricted Cash - End of Period $ 26,173 $ 22,595