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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)/Expense, Net (160,857) (14,693) 12,888
Pension and PBOP 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
Amortization 448,892 231,965 177,679
Cost of Removal Expenditures (303,755) (242,130) (148,332)
Payment of Withheld Property Taxes (78,446) 0 0
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)
Proceeds from Sales of Marketable Securities 457,612 447,893 434,124
Purchases of Marketable Securities (424,174) (414,980) (401,823)
Acquisition of Assets of Columbia Gas of Massachusetts, Net of Restricted Cash 0 0 (1,113,252)
Investments in Unconsolidated Affiliates (742,496) (327,385) (239,673)
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:      
Issuance of Common Shares, Net of Issuance Costs 197,058 0 928,992
Cash Dividends on Common Shares (860,033) (805,439) (744,665)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
(Decrease)/Increase in Notes Payable (78,170) 256,125 13,955
Repayment of Rate Reduction Bonds (43,210) (43,210) (43,210)
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
Hingham Water System      
Investing Activities:      
Proceeds from the Sale of Hingham Water System $ 0 $ 0 $ 110,536