XML 35 R14.htm IDEA: XBRL DOCUMENT v3.24.1.u1
THE CONNECTICUT LIGHT AND POWER COMPANY CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Adjustments to Reconcile Net Income to Net Cash Flows Provided by/(Used In) Operating Activities:    
Depreciation $ 339,914 $ 312,955
Deferred Income Taxes 156,976 149,197
Uncollectible Expense 16,387 22,821
Pension, SERP, and PBOP Income, Net (16,938) (24,563)
Regulatory Under Recoveries, Net (232,350) (158,964)
Cost of Removal Expenditures (57,337) (70,514)
Other (58,687) (54,486)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (212,171) (225,609)
Taxes Receivable/Accrued, Net 65,641 284
Accounts Payable (107,014) (258,476)
Other Current Assets and Liabilities, Net (123,262) (39,368)
Net Cash Flows Provided by/(Used In) Operating Activities 291,312 69,157
Investing Activities:    
Investments in Property, Plant and Equipment (1,149,443) (977,144)
Other Investing Activities 5,850 5,640
Net Cash Flows Used in Investing Activities (1,446,852) (1,051,550)
Financing Activities:    
Cash Dividends on Common Stock (244,786) (229,405)
Cash Dividends on Preferred Stock (1,880) (1,880)
Issuance of Long-Term Debt 1,350,000 1,550,000
Retirement of Long-Term Debt 0 (400,000)
Increase/(Decrease) in Notes Payable to Eversource Parent 216,119 (246,700)
Other Financing Activities (23,725) (27,002)
Net Cash Flows Provided by/(Used In) Financing Activities 1,349,518 623,408
Net Increase/(Decrease) in Cash and Restricted Cash 193,978 (358,985)
Cash and Restricted Cash - Beginning of Period 166,418 521,752
Cash and Restricted Cash - End of Period 360,396 162,767
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 138,353 148,416
Adjustments to Reconcile Net Income to Net Cash Flows Provided by/(Used In) Operating Activities:    
Depreciation 98,445 92,237
Deferred Income Taxes 91,630 94,267
Uncollectible Expense 3,507 3,876
Pension, SERP, and PBOP Income, Net (3,557) (4,461)
Regulatory Under Recoveries, Net (139,979) (110,114)
Amortization of Regulatory Liabilities, Net (91,713) (122,315)
Cost of Removal Expenditures (17,675) (13,011)
Other (32,174) (13,964)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (80,396) (76,482)
Taxes Receivable/Accrued, Net 66,015 52,261
Accounts Payable (20,613) (110,926)
Other Current Assets and Liabilities, Net (38,466) (13,412)
Net Cash Flows Provided by/(Used In) Operating Activities (26,623) (73,628)
Investing Activities:    
Investments in Property, Plant and Equipment (285,888) (255,905)
Other Investing Activities 0 126
Net Cash Flows Used in Investing Activities (285,888) (255,779)
Financing Activities:    
Cash Dividends on Common Stock (82,500) (82,600)
Cash Dividends on Preferred Stock (1,390) (1,390)
Capital Contributions from Eversource Parent 100,000 0
Issuance of Long-Term Debt 350,000 500,000
Retirement of Long-Term Debt 0 (400,000)
Increase/(Decrease) in Notes Payable to Eversource Parent (30,900) 318,000
Other Financing Activities (3,887) (6,521)
Net Cash Flows Provided by/(Used In) Financing Activities 331,323 327,489
Net Increase/(Decrease) in Cash and Restricted Cash 18,812 (1,918)
Cash and Restricted Cash - Beginning of Period 12,243 20,327
Cash and Restricted Cash - End of Period $ 31,055 $ 18,409