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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED 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)
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
NSTAR Electric    
Operating Activities:    
Net Income 159,977 133,813
Adjustments to Reconcile Net Income to Net Cash Flows Provided by/(Used In) Operating Activities:    
Depreciation 96,922 90,430
Deferred Income Taxes 31,812 44,403
Uncollectible Expense 6,109 4,697
Pension, SERP and PBOP Income, Net (8,954) (9,886)
Regulatory Under Recoveries, Net (85,422) (58,000)
Amortization of Regulatory Assets/(Liabilities), Net 48,392 22,785
Cost of Removal Expenditures (11,715) (12,893)
Other (12,395) (9,921)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (74,262) (90,684)
Taxes Receivable/Accrued, Net (18,223) 11,977
Accounts Payable 13,088 20,249
Other Current Assets and Liabilities, Net 7,316 (6,185)
Net Cash Flows Provided by/(Used In) Operating Activities 152,645 140,785
Investing Activities:    
Investments in Property, Plant and Equipment (394,895) (318,673)
Other Investing Activities 0 35
Net Cash Flows Used in Investing Activities (394,895) (318,638)
Financing Activities:    
Cash Dividends on Common Stock (96,700) (327,400)
Cash Dividends on Preferred Stock (490) (490)
Capital Contributions from Eversource Parent 300,000 31,300
Increase in Notes Payable 53,153 147,500
Other Financing Activities 5 5
Net Cash Flows Provided by/(Used In) Financing Activities 255,968 (149,085)
Net Increase/(Decrease) in Cash and Restricted Cash 13,718 (326,938)
Cash and Restricted Cash - Beginning of Period 22,785 345,293
Cash and Restricted Cash - End of Period $ 36,503 $ 18,355