XML 62 R27.htm IDEA: XBRL DOCUMENT v3.22.4
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARIES CONSOLIDATED 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, Net (160,857) (14,693) 12,888
Pension Contributions (83,148) (182,344) (111,524)
Regulatory Over/(Under) Recoveries, Net (205,294) (314,211) (516,411)
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)
Increase (Decrease) in Notes Payable to Eversource Parent 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)
Repayment of Rate Reduction Bonds (43,210) (43,210) (43,210)
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
PSNH      
Operating Activities:      
Net Income 171,570 150,338 147,312
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 127,962 120,065 100,372
Deferred Income Taxes 15,765 (14,530) 7,337
Uncollectible Expense 9,211 13,113 5,164
Pension, SERP and PBOP Income, Net (16,421) (3,296) (1,255)
Pension Contributions 0 0 (19,500)
Regulatory Over/(Under) Recoveries, Net 53,181 32,587 (45,830)
Amortization of Regulatory Assets, Net 42,867 86,832 52,804
Cost of Removal Expenditures (39,895) (30,804) (22,063)
Other 8,691 (1,370) 17,221
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (62,078) (32,003) (33,612)
Taxes Receivable/Accrued, Net (23,492) 3,952 (6,942)
Accounts Payable 81,046 (3,256) 27,270
Other Current Assets and Liabilities, Net (6,908) 14,454 (9,610)
Net Cash Flows Provided by Operating Activities 361,499 336,082 218,668
Investing Activities:      
Investments in Property, Plant and Equipment (485,611) (326,379) (342,586)
Other Investing Activities 1,013 562 982
Net Cash Flows Used in Investing Activities (484,598) (325,817) (341,604)
Financing Activities:      
Cash Dividends on Common Shares (104,000) (260,800) (22,300)
Increase (Decrease) in Notes Payable to Eversource Parent 62,700 64,300 19,300
Issuance of Long-Term Debt 0 350,000 150,000
Retirement of Long-Term Debt 0 (282,000) 0
Repayment of Rate Reduction Bonds (43,210) (43,210) (43,210)
Capital Contributions from Eversource Parent 210,000 160,000 25,000
Other Financing Activities (705) (2,984) (2,987)
Net Cash Flows Provided by Financing Activities 124,785 (14,694) 125,803
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 1,686 (4,429) 2,867
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 35,126 39,555 36,688
Cash, Cash Equivalents and Restricted Cash - End of Year $ 36,812 $ 35,126 $ 39,555