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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities:    
Net Income $ 493,039 $ 445,326
Adjustments to Reconcile Net Income to Net Cash Flows (Used In)/Provided by Operating Activities:    
Depreciation 312,955 289,330
Deferred Income Taxes 149,197 67,557
Uncollectible Expense 22,821 17,135
Pension, SERP and PBOP Income, Net (24,563) (40,642)
Pension Contributions (1,100) (26,100)
Regulatory Under Recoveries, Net (158,964) (107,767)
Cost of Removal Expenditures (70,514) (61,660)
Other (54,486) (21,409)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (225,609) (291,723)
Taxes Receivable/Accrued, Net 284 56,519
Accounts Payable (258,476) (68,909)
Other Current Assets and Liabilities, Net (39,368) (64,253)
Net Cash Flows (Used In)/Provided by Operating Activities 69,157 371,940
Investing Activities:    
Investments in Property, Plant and Equipment (977,144) (764,594)
Other Investing Activities 5,640 5,976
Net Cash Flows Used in Investing Activities (1,051,550) (858,247)
Financing Activities:    
Cash Dividends on Common Shares (229,405) (213,890)
Cash Dividends on Preferred Stock (1,880) (1,880)
(Decrease)/Increase in Notes Payable to Eversource Parent (246,700) 163,350
Other Financing Activities (27,002) (26,087)
Net Cash Flows (Used in)/Provided by Financing Activities 623,408 429,888
Net Decrease in Cash, Cash Equivalents and Restricted Cash (358,985) (56,419)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 521,752 221,008
Cash and Restricted Cash - End of Period 162,767 164,589
NSTAR Electric    
Operating Activities:    
Net Income 133,813 92,739
Adjustments to Reconcile Net Income to Net Cash Flows (Used In)/Provided by Operating Activities:    
Depreciation 90,430 89,033
Deferred Income Taxes 44,403 26,857
Uncollectible Expense 4,697 4,662
Pension, SERP and PBOP Income, Net (9,886) (13,742)
Pension Contributions 0 (5,000)
Regulatory Under Recoveries, Net (58,000) (10,813)
Amortization of Regulatory (Liabilities)/Assets, Net 22,785 29,345
Cost of Removal Expenditures (12,893) (12,852)
Other (9,921) (5,531)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (90,684) 2,051
Taxes Receivable/Accrued, Net 11,977 45,299
Accounts Payable 20,249 (55,743)
Other Current Assets and Liabilities, Net (6,185) 3,559
Net Cash Flows (Used In)/Provided by Operating Activities 140,785 189,864
Investing Activities:    
Investments in Property, Plant and Equipment (318,673) (234,120)
Other Investing Activities 35 96
Net Cash Flows Used in Investing Activities (318,638) (234,024)
Financing Activities:    
Cash Dividends on Common Shares (327,400) (71,900)
Cash Dividends on Preferred Stock (490) (490)
Capital Contributions from Eversource Parent 31,300 0
(Decrease)/Increase in Notes Payable to Eversource Parent 0 4,000
Increase in Notes Payable 147,500 112,500
Other Financing Activities 5 15
Net Cash Flows (Used in)/Provided by Financing Activities (149,085) 44,125
Net Decrease in Cash, Cash Equivalents and Restricted Cash (326,938) (35)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 345,293 18,179
Cash and Restricted Cash - End of Period $ 18,355 $ 18,144