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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:      
Net (Loss)/Income $ (434,700) $ 1,412,400 $ 1,228,000
Adjustments to Reconcile Net (Loss)/Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 1,305,840 1,194,246 1,103,008
Deferred Income Taxes 85,405 346,779 347,056
Uncollectible Expense 72,468 61,876 60,886
Pension, SERP and PBOP Income, Net (90,706) (160,857) (14,693)
Pension Contributions (6,860) (83,148) (182,344)
Regulatory Under Recoveries, Net (151,548) (205,294) (314,211)
Cost of Removal Expenditures (315,699) (303,755) (242,130)
Payment in 2022 of Withheld Property Taxes 0 (78,446) 0
Other (53,026) (39,192) (64,640)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (124,393) (470,593) (135,505)
Taxes Receivable/Accrued, Net 36,357 18,358 (110,621)
Accounts Payable (287,637) 377,657 (29,201)
Other Current Assets and Liabilities, Net (66,202) (45,583) 3,710
Net Cash Flows Provided by Operating Activities 1,646,161 2,401,293 1,962,600
Investing Activities:      
Investments in Property, Plant and Equipment (4,336,849) (3,441,852) (3,175,080)
Other Investing Activities (2,897) 20,420 22,178
Net Cash Flows Used in Investing Activities (4,870,732) (4,130,490) (3,447,374)
Financing Activities:      
Cash Dividends on Common Shares (918,995) (860,033) (805,439)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
Increase (Decrease) in Notes Payable To Eversource Parent 695,552 (78,170) 256,125
Issuance of Long-Term Debt 5,198,345 4,045,000 3,230,000
Retirement of Long-Term Debt (2,008,470) (1,175,000) (1,142,500)
Other Financing Activities (46,466) (48,185) (46,625)
Net Cash Flows Provided by Financing Activities 2,869,237 2,029,941 1,440,832
Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash (355,334) 300,744 (43,942)
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 521,752 221,008 264,950
Cash, Cash Equivalents and Restricted Cash - End of Year 166,418 521,752 221,008
NSTAR Electric      
Operating Activities:      
Net (Loss)/Income 544,528 492,428 476,569
Adjustments to Reconcile Net (Loss)/Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 372,578 361,969 337,451
Deferred Income Taxes 96,224 78,039 57,507
Uncollectible Expense 22,791 21,550 16,649
Pension, SERP and PBOP Income, Net (41,554) (55,830) (26,120)
Pension Contributions 0 (15,000) (30,000)
Regulatory Under Recoveries, Net (141,865) (88,220) (79,075)
Amortization of Regulatory (Liabilities)/Assets, Net 16,150 83,855 55,774
Cost of Removal Expenditures (68,290) (57,339) (58,967)
Payment in 2022 of Withheld Property Taxes 0 (76,311) 0
Other (2,123) (14,294) (32,447)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (82,659) (23,757) (45,774)
Taxes Receivable/Accrued, Net 27,394 35,143 (16,219)
Accounts Payable 11,357 8,815 31,650
Other Current Assets and Liabilities, Net (40,974) 20,430 13,944
Net Cash Flows Provided by Operating Activities 713,557 771,478 700,942
Investing Activities:      
Investments in Property, Plant and Equipment (1,376,135) (954,281) (960,949)
Other Investing Activities 48 165 91
Net Cash Flows Used in Investing Activities (1,376,087) (954,116) (960,858)
Financing Activities:      
Cash Dividends on Common Shares (327,400) (287,600) (283,200)
Cash Dividends on Preferred Stock (1,960) (1,960) (1,960)
Increase/(Decrease) in Notes Payable 365,847 (162,500) (32,500)
Increase (Decrease) in Notes Payable To Eversource Parent 0 0 (21,300)
Capital Contributions from Eversource Parent 234,900 525,000 260,000
Issuance of Long-Term Debt 150,000 850,000 600,000
Retirement of Long-Term Debt (80,000) (400,000) (250,000)
Other Financing Activities (1,365) (13,188) (10,355)
Net Cash Flows Provided by Financing Activities 340,022 509,752 260,685
Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash (322,508) 327,114 769
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 345,293 18,179 17,410
Cash, Cash Equivalents and Restricted Cash - End of Year $ 22,785 $ 345,293 $ 18,179