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THE CONNECTICUT LIGHT AND POWER COMPANY STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:      
Net Income $ 1,412,394 $ 1,228,046 $ 1,212,686
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 1,194,246 1,103,008 981,380
Deferred Income Taxes 346,779 347,056 257,154
Uncollectible Expense 61,876 60,886 53,461
Pension, SERP and PBOP (Income)/Expense, Net (160,857) (14,693) 12,888
Pension Contributions (83,148) (182,344) (111,524)
Regulatory Under Recoveries, Net (205,294) (314,211) (516,411)
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty (72,041) 81,274 0
Cost of Removal Expenditures (303,755) (242,130) (148,332)
Other (39,192) (64,640) (25,957)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (470,593) (135,505) (351,843)
Taxes Receivable/Accrued, Net 18,358 (110,621) 43,819
Accounts Payable 377,657 (29,201) 122,567
Other Current Assets and Liabilities, Net (45,583) 3,710 (24,995)
Net Cash Flows Provided by Operating Activities 2,401,293 1,962,600 1,682,572
Investing Activities:      
Investments in Property, Plant and Equipment (3,441,852) (3,175,080) (2,942,996)
Other Investing Activities 20,420 22,178 23,809
Net Cash Flows Used in Investing Activities (4,130,490) (3,447,374) (4,129,275)
Financing Activities:      
Cash Dividends on Common Shares (860,033) (805,439) (744,665)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
Proceeds from (Repayments of) Short-Term Debt (78,170) 256,125 13,955
Issuance of Long-Term Debt 4,045,000 3,230,000 2,760,000
Retirement of Long-Term Debt (1,175,000) (1,142,500) (327,236)
Other Financing Activities (48,185) (46,625) 14,273
Net Cash Flows Provided by Financing Activities 2,029,941 1,440,832 2,594,590
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 300,744 (43,942) 147,887
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 221,008 264,950 117,063
Cash, Cash Equivalents and Restricted Cash - End of Year 521,752 221,008 264,950
The Connecticut Light and Power Company      
Operating Activities:      
Net Income 532,920 401,725 457,934
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 355,511 338,915 320,709
Deferred Income Taxes 45,381 123,889 144,527
Uncollectible Expense 15,578 13,495 12,882
Pension, SERP and PBOP (Income)/Expense, Net (28,971) 5,295 11,372
Pension Contributions 0 (98,913) (23,200)
Regulatory Under Recoveries, Net (144,793) (152,775) (279,941)
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty (72,041) 81,274 0
Amortization of Regulatory Assets, Net 335,636 99,009 58,412
Cost of Removal Expenditures (71,596) (95,792) (57,343)
Other (25,927) (10,194) (57,870)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (256,338) (75,881) (126,638)
Taxes Receivable/Accrued, Net 897 (25,162) (12,014)
Accounts Payable 207,698 24,895 (17,028)
Other Current Assets and Liabilities, Net (24,308) (16,925) (34,729)
Net Cash Flows Provided by Operating Activities 869,647 612,855 397,073
Investing Activities:      
Investments in Property, Plant and Equipment (876,740) (790,083) (833,973)
Other Investing Activities 591 329 573
Net Cash Flows Used in Investing Activities (876,149) (789,754) (833,400)
Financing Activities:      
Cash Dividends on Common Shares (292,400) (341,400) (69,500)
Cash Dividends on Preferred Stock (5,559) (5,559) (5,559)
Proceeds from (Repayments of) Short-Term Debt 0 0 (63,800)
Issuance of Long-Term Debt 0 425,000 400,000
Retirement of Long-Term Debt 0 (120,500) 0
Capital Contributions from Eversource Parent 250,000 200,000 275,000
Other Financing Activities 0 (5,663) (4,976)
Net Cash Flows Provided by Financing Activities (47,959) 151,878 531,165
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash (54,461) (25,021) 94,838
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 74,788 99,809 4,971
Cash, Cash Equivalents and Restricted Cash - End of Year $ 20,327 $ 74,788 $ 99,809