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PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARIES 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
Regulatory Over/(Underrecoveries), Net (107,767) 28,024
Pension, SERP and PBOP (Income)/Expense, Net (40,642) (2,341)
Cost of Removal Expenditures (61,660) (39,333)
Other (21,409) (51,913)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (291,723) (124,344)
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)
Retirement of Long-Term Debt (770,000) (572,000)
Repayment of Rate Reduction Bonds (21,605) (21,605)
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
PSNH    
Operating Activities:    
Net Income 45,586 44,676
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 31,253 29,468
Deferred Income Taxes 7,480 (378)
Uncollectible Expense 2,496 1,221
Regulatory Over/(Underrecoveries), Net (32,186) (14,645)
Amortization of Regulatory Assets, Net 26,834 18,547
Pension, SERP and PBOP (Income)/Expense, Net (3,997) (935)
Cost of Removal Expenditures (7,131) (5,154)
Other (4,631) (565)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (25,972) 3,223
Materials, Supplies and REC Inventory (6,033) (2,296)
Taxes Receivable/Accrued, Net 8,067 9,867
Accounts Payable 9,389 (21,025)
Other Current Assets and Liabilities, Net 6,928 12,897
Net Cash Flows Provided by Operating Activities 58,083 74,901
Investing Activities:    
Investments in Property, Plant and Equipment (107,916) (68,278)
Other Investing Activities 593 137
Net Cash Flows Used in Investing Activities (107,323) (68,141)
Financing Activities:    
Cash Dividends on Common Shares (26,000) (25,200)
Retirement of Long-Term Debt 0 (122,000)
Repayment of Rate Reduction Bonds (21,605) (21,605)
Increase in Notes Payable to Eversource Parent 85,800 150,500
Other Financing Activities (23) (22)
Net Cash Flows Provided by/(Used in) Financing Activities 38,172 (18,327)
Net Decrease in Cash and Restricted Cash (11,068) (11,567)
Cash and Restricted Cash - Beginning of Period 35,126 39,555
Cash and Restricted Cash - End of Period $ 24,058 $ 27,988