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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net Income $ 1,090,356 $ 919,468
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 885,711 822,197
Deferred Income Taxes 170,752 191,346
Uncollectible Expense 40,753 39,690
Pension, SERP and PBOP Income, Net (120,416) (10,882)
Pension and PBOP Contributions (80,000) (140,000)
Regulatory (Under)/Over Recoveries, Net (32,193) 87,455
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty (72,041) 103,583
Amortization 418,644 158,860
Cost of Removal Expenditures (284,706) (138,730)
Other (113,148) (91,148)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (294,383) (158,205)
Taxes Receivable/Accrued, Net 160,260 44,003
Accounts Payable 11,821 (258,509)
Other Current Assets and Liabilities, Net (92,506) (48,855)
Net Cash Flows Provided by Operating Activities 1,688,904 1,520,273
Investing Activities:    
Investments in Property, Plant and Equipment (2,352,743) (2,211,136)
Proceeds from Sales of Marketable Securities 340,660 334,619
Purchases of Marketable Securities (313,714) (313,961)
Investments in Unconsolidated Affiliates (617,588) (245,245)
Other Investing Activities 15,245 17,436
Net Cash Flows Used in Investing Activities (2,928,140) (2,418,287)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 197,108 0
Cash Dividends on Common Shares (643,634) (603,611)
Cash Dividends on Preferred Stock (5,639) (5,639)
Decrease in Notes Payable (1,103,950) (458,325)
Repayment of Rate Reduction Bonds (43,210) (43,210)
Issuance of Long-Term Debt 4,045,000 3,150,000
Retirement of Long-Term Debt (775,000) (1,142,500)
Other Financing Activities (50,191) (45,522)
Net Cash Flows Provided by/(Used in) Financing Activities 1,620,484 851,193
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 381,248 (46,821)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 221,008 264,950
Cash, Cash Equivalents and Restricted Cash - End of Period $ 602,256 $ 218,129