XML 47 R26.htm IDEA: XBRL DOCUMENT v3.24.1.u1
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARIES 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 Shares (244,786) (229,405)
Issuance of Long-Term Debt 1,350,000 1,550,000
Repayment of Rate Reduction Bonds (21,605) (21,605)
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
PSNH    
Operating Activities:    
Net Income 48,356 40,296
Adjustments to Reconcile Net Income to Net Cash Flows Provided by/(Used In) Operating Activities:    
Depreciation 37,409 34,088
Deferred Income Taxes 31,763 62,924
Uncollectible Expense 1,163 5,060
Pension, SERP and PBOP Income, Net (2,322) (2,552)
Regulatory Under Recoveries, Net (78,464) (175,865)
Amortization of Regulatory Assets/(Liabilities), Net 21,264 (5,317)
Cost of Removal Expenditures (12,518) (4,508)
Other 761 1,711
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 11,194 (21,230)
Taxes Receivable/Accrued, Net (6,387) (20,195)
Accounts Payable (1,559) 10,265
Other Current Assets and Liabilities, Net 1,186 2,462
Net Cash Flows Provided by/(Used In) Operating Activities 51,846 (72,861)
Investing Activities:    
Investments in Property, Plant and Equipment (148,934) (133,890)
Other Investing Activities 0 216
Net Cash Flows Used in Investing Activities (148,934) (133,674)
Financing Activities:    
Cash Dividends on Common Shares 0 (28,000)
Capital Contributions from Eversource Parent 100,000 0
Issuance of Long-Term Debt 0 300,000
Repayment of Rate Reduction Bonds (21,605) (21,605)
Increase/(Decrease) in Notes Payable to Eversource Parent 18,000 (52,200)
Other Financing Activities 0 (5,460)
Net Cash Flows Provided by/(Used In) Financing Activities 96,395 192,735
Net Increase/(Decrease) in Cash and Restricted Cash (693) (13,800)
Cash and Restricted Cash - Beginning of Period 35,004 36,812
Cash and Restricted Cash - End of Period $ 34,311 $ 23,012