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PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Net Income $ 1,228,046 $ 1,212,686 $ 916,572
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 1,103,008 981,380 885,278
Deferred Income Taxes 347,056 257,154 209,812
Uncollectible Expense 60,886 53,461 63,446
Pension, SERP and PBOP (Income)/Expense, Net (14,693) 12,888 22,000
Pension Contributions (182,344) (111,524) (121,782)
Regulatory Over/(Underrecoveries), Net (314,211) (516,411) (124,870)
Cost of Removal Expenditures (242,130) (148,332) (153,477)
Other (64,640) (25,957) (42,610)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (135,505) (351,843) (98,716)
Materials, Supplies and REC Inventory (1,859) (15,404) (8,074)
Taxes Receivable/Accrued, Net (110,621) 43,819 (16,129)
Accounts Payable (29,201) 122,567 14,866
Other Current Assets and Liabilities, Net 5,569 (9,591) (11,603)
Net Cash Flows Provided by Operating Activities 1,962,600 1,682,572 2,009,577
Investing Activities:      
Investments in Property, Plant and Equipment (3,175,080) (2,942,996) (2,911,489)
Other Investing Activities 22,178 23,809 24,204
Net Cash Flows Used in Investing Activities (3,447,374) (4,129,275) (3,274,288)
Financing Activities:      
Cash Dividends on Common Shares (805,439) (744,665) (663,239)
Issuance of Long-Term Debt 3,230,000 2,760,000 1,520,000
Retirement of Long-Term Debt (1,142,500) (327,236) (801,078)
Repayment of Rate Reduction Bonds (43,210) (43,210) (52,332)
Other Financing Activities (46,625) 14,273 (1,006)
Net Cash Flows Provided by Financing Activities 1,440,832 2,594,590 1,172,450
Net (Decrease)/Increase in Cash and Restricted Cash (43,942) 147,887 (92,261)
Cash and Restricted Cash - Beginning of Year 264,950 117,063 209,324
Cash and Restricted Cash - End of Year 221,008 264,950 117,063
Public Service Company of New Hampshire      
Operating Activities:      
Net Income 150,338 147,312 134,048
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 120,065 100,372 93,737
Deferred Income Taxes (14,530) 7,337 15,917
Uncollectible Expense 13,113 5,164 6,726
Pension, SERP and PBOP (Income)/Expense, Net (3,296) (1,255) 417
Pension Contributions 0 (19,500) (15,400)
Regulatory Over/(Underrecoveries), Net 32,587 (45,830) (26,288)
Amortization of Regulatory Assets, Net 86,832 52,804 57,732
Cost of Removal Expenditures (30,804) (22,063) (21,814)
Other (1,370) 17,221 (6,414)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (32,003) (33,612) (210)
Materials, Supplies and REC Inventory 899 (1,872) 1,902
Taxes Receivable/Accrued, Net 3,952 (6,942) 25,374
Accounts Payable (3,256) 27,270 12,281
Other Current Assets and Liabilities, Net 13,555 (7,738) (3,573)
Net Cash Flows Provided by Operating Activities 336,082 218,668 274,435
Investing Activities:      
Investments in Property, Plant and Equipment (326,379) (342,586) (308,993)
Other Investing Activities 562 982 1,023
Net Cash Flows Used in Investing Activities (325,817) (341,604) (307,970)
Financing Activities:      
Cash Dividends on Common Shares (260,800) (22,300) (271,000)
Increase/(Decrease) in Notes Payable to Eversource Parent 64,300 19,300 (30,000)
Issuance of Long-Term Debt 350,000 150,000 300,000
Retirement of Long-Term Debt (282,000) 0 (150,000)
Repayment of Rate Reduction Bonds (43,210) (43,210) (52,332)
Capital Contributions from Eversource Parent 160,000 25,000 225,000
Other Financing Activities (2,984) (2,987) (4,168)
Net Cash Flows Provided by Financing Activities (14,694) 125,803 17,500
Net (Decrease)/Increase in Cash and Restricted Cash (4,429) 2,867 (16,035)
Cash and Restricted Cash - Beginning of Year 39,555 36,688 52,723
Cash and Restricted Cash - End of Year $ 35,126 $ 39,555 $ 36,688