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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net Income $ 739,068 $ 634,422
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 583,568 545,352
Deferred Income Taxes 126,970 120,390
Uncollectible Expense 30,032 27,683
Pension, SERP and PBOP Income, Net (80,404) (6,391)
Pension and PBOP Contributions (52,400) (72,400)
Regulatory (Under)/Over Recoveries, Net (226,238) 18,252
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty (64,909) 28,583
Amortization 307,357 113,624
Cost of Removal Expenditures (169,863) (95,593)
Other (75,916) (58,472)
Changes in Current Assets and Liabilities:    
Accounts Receivables from Subsidiaries (176,132) (85,261)
Taxes Receivable/Accrued, Net 85,071 (9,113)
Accounts Payable (83,550) (285,670)
Other Current Assets and Liabilities, Net (100,835) (67,961)
Net Cash Flows Provided by Operating Activities 841,819 807,445
Investing Activities:    
Investments in Property, Plant and Equipment (1,549,081) (1,423,223)
Proceeds from Sales of Marketable Securities 168,997 253,842
Purchases of Marketable Securities (152,741) (240,729)
Investments in Unconsolidated Affiliates, Net (277,001) (100,527)
Other Investing Activities 10,771 12,661
Net Cash Flows Used in Investing Activities (1,799,055) (1,497,976)
Financing Activities:    
Proceeds from issuance of common shares, net of issuance costs 126,282 0
Cash Dividends on Common Shares (427,931) (402,211)
Cash Dividends on Preferred Stock (3,759) (3,759)
(Decrease)/Increase in Notes Payable (1,317,950) 753,175
Repayment of Rate Reduction Bonds (21,605) (21,605)
Issuance of Long-Term Debt 3,350,000 1,525,000
Retirement of Long-Term Debt (770,000) (1,022,000)
Other Financing Activities (42,133) (35,008)
Net Cash Flows Provided by/(Used in) Financing Activities 892,904 793,592
Net (Decrease)/Increase in Cash and Restricted Cash (64,332) 103,061
Cash and Restricted Cash - Beginning of Period 221,008 264,950
Cash and Restricted Cash - End of Period $ 156,676 $ 368,011