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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities:    
Net Income $ 445,326 $ 368,023
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 289,330 270,704
Deferred Income Taxes 67,557 41,917
Uncollectible Expense 17,135 16,295
Pension and PBOP Contributions (26,100) (31,100)
Regulatory (Under)/Over Recoveries, Net (107,767) 28,024
Cost of Removal Expenditures (61,660) (39,333)
Other (21,409) (51,913)
Changes in Current Assets and Liabilities:    
Accounts Receivables from Subsidiaries (291,723) (124,344)
Fuel, Materials, Supplies and REC Inventory (19,495) (42,494)
Taxes Receivable/Accrued, Net 56,519 64,076
Accounts Payable (68,909) (181,725)
Other Current Assets and Liabilities, Net (44,758) (42,386)
Net Cash Flows Provided by Operating Activities 371,940 411,416
Investing Activities:    
Investments in Property, Plant and Equipment (764,594) (688,983)
Other Investing Activities 5,976 7,135
Net Cash Flows Used in Investing Activities (858,247) (704,517)
Financing Activities:    
Cash Dividends on Common Shares (213,890) (201,013)
Cash Dividends on Preferred Stock (1,880) (1,880)
Increase in Notes Payable 163,350 669,919
Other Financing Activities (26,087) (19,666)
Net Cash Flows Provided by/(Used in) Financing Activities 429,888 203,755
Net Decrease in Cash and Restricted Cash (56,419) (89,346)
Cash and Restricted Cash - Beginning of Period 221,008 264,950
Cash and Restricted Cash - End of Period 164,589 175,604
NSTAR Electric    
Operating Activities:    
Net Income 92,739 93,924
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 89,033 82,793
Deferred Income Taxes 26,857 10,309
Uncollectible Expense 4,662 3,868
Pension, SERP and PBOP Expense, Net of Contributions (13,742) (6,335)
Pension and PBOP Contributions (5,000) 0
Regulatory (Under)/Over Recoveries, Net (10,813) (3,405)
Amortization of Regulatory Assets, Net 29,345 18,418
Cost of Removal Expenditures (12,852) (10,224)
Other (5,531) (13,362)
Changes in Current Assets and Liabilities:    
Accounts Receivables from Subsidiaries 2,051 (14,587)
Fuel, Materials, Supplies and REC Inventory (31,372) (52,998)
Taxes Receivable/Accrued, Net 45,299 58,353
Accounts Payable (55,743) (45,604)
Other Current Assets and Liabilities, Net 34,931 51,445
Net Cash Flows Provided by Operating Activities 189,864 172,595
Investing Activities:    
Investments in Property, Plant and Equipment (234,120) (215,483)
Other Investing Activities 96 22
Net Cash Flows Used in Investing Activities (234,024) (215,461)
Financing Activities:    
Cash Dividends on Common Shares (71,900) (206,400)
Cash Dividends on Preferred Stock (490) (490)
Increase in Notes Payable to Eversource Parent 4,000 1,200
Increase in Notes Payable 112,500 248,500
Other Financing Activities 15 19
Net Cash Flows Provided by/(Used in) Financing Activities 44,125 42,829
Net Decrease in Cash and Restricted Cash (35) (37)
Cash and Restricted Cash - Beginning of Period 18,179 17,410
Cash and Restricted Cash - End of Period $ 18,144 $ 17,373