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PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARIES 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)/Expense, Net (90,706) (160,857) (14,693)
Regulatory Over/(Under) Recoveries, Net (151,548) (205,294) (314,211)
Cost of Removal Expenditures (315,699) (303,755) (242,130)
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)
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)
Repayment of Rate Reduction Bonds (43,210) (43,210) (43,210)
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
PSNH      
Operating Activities:      
Net (Loss)/Income 195,659 171,570 150,338
Adjustments to Reconcile Net (Loss)/Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 140,417 127,962 120,065
Deferred Income Taxes 118,970 15,765 (14,530)
Uncollectible Expense 3,989 9,211 13,113
Pension, SERP and PBOP (Income)/Expense, Net (10,484) (16,421) (3,296)
Regulatory Over/(Under) Recoveries, Net (273,472) 53,181 32,587
Amortization of Regulatory (Liabilities)/Assets, Net (16,343) 42,867 86,832
Cost of Removal Expenditures (39,976) (39,895) (30,804)
Other 10,391 8,691 (1,370)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (5,434) (62,078) (32,003)
Taxes Receivable/Accrued, Net 916 (23,492) 3,952
Accounts Payable (55,957) 81,046 (3,256)
Other Current Assets and Liabilities, Net (36,637) (6,908) 14,454
Net Cash Flows Provided by Operating Activities 32,039 361,499 336,082
Investing Activities:      
Investments in Property, Plant and Equipment (605,109) (485,611) (326,379)
Other Investing Activities 296 1,013 562
Net Cash Flows Used in Investing Activities (604,813) (484,598) (325,817)
Financing Activities:      
Cash Dividends on Common Shares (112,000) (104,000) (260,800)
Increase (Decrease) in Notes Payable To Eversource Parent 59,700 62,700 64,300
Issuance of Long-Term Debt 600,000 0 350,000
Retirement of Long-Term Debt (325,000) 0 (282,000)
Repayment of Rate Reduction Bonds (43,210) (43,210) (43,210)
Capital Contributions from Eversource Parent 400,000 210,000 160,000
Other Financing Activities (8,524) (705) (2,984)
Net Cash Flows Provided by Financing Activities 570,966 124,785 (14,694)
Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash (1,808) 1,686 (4,429)
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 36,812 35,126 39,555
Cash, Cash Equivalents and Restricted Cash - End of Year $ 35,004 $ 36,812 $ 35,126