CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended |
Sep. 30, 2016 | Sep. 30, 2015 |
Operating Activities: | | |
Net Income | $ 718,762 | $ 702,319 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 531,781 | 495,389 |
Deferred Income Taxes | 301,413 | 153,353 |
Pension, SERP and PBOP Expense | 31,627 | 71,802 |
Pension and PBOP Contributions | (121,854) | (162,880) |
Regulatory Over/(Under) Recoveries, Net | 152,808 | 31,874 |
Amortization of Regulatory Assets/(Liabilities), Net | 56,223 | 42,587 |
Other | (27,671) | (39,822) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (191,454) | (148,442) |
Fuel, Materials, Supplies and Inventory | 25,425 | 47,380 |
Taxes Receivable/Accrued, Net | 347,898 | 383,047 |
Accounts Payable | (121,513) | (233,660) |
Other Current Assets and Liabilities, Net | (53,077) | 8,370 |
Net Cash Flows Provided by Operating Activities | 1,650,368 | 1,351,317 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (1,359,171) | (1,177,285) |
Proceeds from Sales of Marketable Securities | 444,209 | 556,582 |
Purchases of Marketable Securities | (437,197) | (535,044) |
Other Investing Activities | (9,463) | (2,769) |
Net Cash Flows Used in Investing Activities | (1,361,622) | (1,158,516) |
Financing Activities: | | |
Cash Dividends on Common Shares | (423,471) | (397,363) |
Cash Dividends on Preferred Stock | (5,639) | (5,639) |
Decrease in Notes Payable | (426,453) | (387,575) |
Issuance of Long-Term Debt | 800,000 | 825,000 |
Retirements of Long-Term Debt | (200,000) | (216,700) |
Other Financing Activities | (17,074) | (13,446) |
Net Cash Flows Used in Financing Activities | (272,637) | (195,723) |
Net Increase/(Decrease) in Cash and Cash Equivalents | 16,109 | (2,922) |
Cash and Cash Equivalents - Beginning of Period | 23,947 | 38,703 |
Cash and Cash Equivalents - End of Period | 40,056 | 35,781 |
The Connecticut Light And Power Company [Member] | | |
Operating Activities: | | |
Net Income | 256,553 | 228,192 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 172,175 | 159,903 |
Deferred Income Taxes | 109,637 | (11,011) |
Pension and PBOP Contributions, Net of Pension, SERP and PBOP Expense | 4,825 | 10,654 |
Regulatory Over/(Under) Recoveries, Net | 33,492 | 12,504 |
Amortization of Regulatory Assets/(Liabilities), Net | 30,308 | 17,917 |
Other | (14,873) | (13,048) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (100,074) | (91,842) |
Taxes Receivable/Accrued, Net | 197,422 | 160,031 |
Accounts Payable | (30,168) | (20,485) |
Other Current Assets and Liabilities, Net | (44,908) | (31,044) |
Net Cash Flows Provided by Operating Activities | 614,389 | 421,771 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (438,518) | (359,339) |
Proceeds from the Sale of Property, Plant and Equipment | 9,047 | 0 |
Other Investing Activities | 310 | (740) |
Net Cash Flows Used in Investing Activities | (429,161) | (360,079) |
Financing Activities: | | |
Cash Dividends on Common Shares | (149,700) | (147,000) |
Cash Dividends on Preferred Stock | (4,169) | (4,169) |
(Decrease)/Increase in Notes Payable to Eversource Parent | (168,900) | (133,400) |
Issuance of Long-Term Debt | 0 | 300,000 |
Retirements of Long-Term Debt | 0 | (162,000) |
Capital Contributions from Eversource Parent | 145,700 | 105,000 |
Other Financing Activities | (609) | (9,072) |
Net Cash Flows Used in Financing Activities | (177,678) | (50,641) |
Net Increase/(Decrease) in Cash and Cash Equivalents | 7,550 | 11,051 |
Cash and Cash Equivalents - Beginning of Period | 1,057 | 2,356 |
Cash and Cash Equivalents - End of Period | 8,607 | 13,407 |
NSTAR Electric Company [Member] | | |
Operating Activities: | | |
Net Income | 239,857 | 284,148 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 159,151 | 146,818 |
Deferred Income Taxes | 40,960 | 54,188 |
Pension and PBOP Contributions, Net of Pension, SERP and PBOP Expense | (25,364) | (1,138) |
Regulatory Over/(Under) Recoveries, Net | 131,774 | (48,903) |
Amortization of Regulatory Assets/(Liabilities), Net | 18,275 | (10,643) |
Other | (20,088) | (34,223) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (103,444) | (84,587) |
Fuel, Materials, Supplies and Inventory | 30,659 | 21,863 |
Taxes Receivable/Accrued, Net | 141,379 | 207,516 |
Accounts Payable | (22,913) | (79,449) |
Other Current Assets and Liabilities, Net | (25,942) | 46,671 |
Net Cash Flows Provided by Operating Activities | 564,304 | 502,261 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (327,731) | (314,055) |
Net Cash Flows Used in Investing Activities | (327,731) | (314,055) |
Financing Activities: | | |
Cash Dividends on Common Shares | (278,300) | (148,500) |
Cash Dividends on Preferred Stock | (1,470) | (1,470) |
Decrease in Notes Payable | (26,500) | (43,500) |
Issuance of Long-Term Debt | 250,000 | 0 |
Retirements of Long-Term Debt | (200,000) | (4,700) |
Capital Contributions from Eversource Parent | 25,000 | 0 |
Other Financing Activities | (2,495) | 0 |
Net Cash Flows Used in Financing Activities | (233,765) | (198,170) |
Net Increase/(Decrease) in Cash and Cash Equivalents | 2,808 | (9,964) |
Cash and Cash Equivalents - Beginning of Period | 3,346 | 12,773 |
Cash and Cash Equivalents - End of Period | 6,154 | 2,809 |
Public Service Company Of New Hampshire [Member] | | |
Operating Activities: | | |
Net Income | 105,829 | 92,491 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 86,524 | 77,989 |
Deferred Income Taxes | 74,522 | 42,563 |
Regulatory Over/(Under) Recoveries, Net | (4,289) | 2,639 |
Amortization of Regulatory Assets/(Liabilities), Net | 14,490 | 29,148 |
Other | (12,660) | 10,894 |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (28,754) | (25,126) |
Fuel, Materials, Supplies and Inventory | (4,014) | 4,156 |
Taxes Receivable/Accrued, Net | 33,589 | 9,026 |
Accounts Payable | 14,508 | (20,058) |
Other Current Assets and Liabilities, Net | 26,207 | 20,141 |
Net Cash Flows Provided by Operating Activities | 305,952 | 243,863 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (215,804) | (209,522) |
Other Investing Activities | 272 | 241 |
Net Cash Flows Used in Investing Activities | (215,532) | (209,281) |
Financing Activities: | | |
Cash Dividends on Common Shares | (58,200) | (79,500) |
(Decrease)/Increase in Notes Payable to Eversource Parent | (123,800) | 46,800 |
Capital Contributions from Eversource Parent | 94,500 | 0 |
Other Financing Activities | (217) | (268) |
Net Cash Flows Used in Financing Activities | (87,717) | (32,968) |
Net Increase/(Decrease) in Cash and Cash Equivalents | 2,703 | 1,614 |
Cash and Cash Equivalents - Beginning of Period | 1,733 | 489 |
Cash and Cash Equivalents - End of Period | 4,436 | 2,103 |
Western Massachusetts Electric Company [Member] | | |
Operating Activities: | | |
Net Income | 46,103 | 42,410 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 34,414 | 32,420 |
Deferred Income Taxes | 15,587 | 5,531 |
Regulatory Over/(Under) Recoveries, Net | 323 | 4,024 |
Amortization of Regulatory Assets/(Liabilities), Net | 3,305 | 11,194 |
Other | (2,532) | (4,500) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | 1,933 | (32,664) |
Taxes Receivable/Accrued, Net | 36,658 | 24,064 |
Accounts Payable | (16,240) | (14,018) |
Other Current Assets and Liabilities, Net | 5,277 | (463) |
Net Cash Flows Provided by Operating Activities | 124,828 | 67,998 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (104,811) | (93,705) |
Proceeds from Sales of Marketable Securities | 1,934 | 71,110 |
Purchases of Marketable Securities | (1,894) | (71,625) |
Net Cash Flows Used in Investing Activities | (104,771) | (94,220) |
Financing Activities: | | |
Cash Dividends on Common Shares | (28,500) | (27,900) |
(Decrease)/Increase in Notes Payable to Eversource Parent | (95,200) | 104,800 |
Issuance/(Retirement) of Long-Term Debt | 50,000 | (50,000) |
Capital Contributions from Eversource Parent | 53,000 | 0 |
Other Financing Activities | (191) | (20) |
Net Cash Flows Used in Financing Activities | (20,891) | 26,880 |
Net Increase/(Decrease) in Cash and Cash Equivalents | (834) | 658 |
Cash and Cash Equivalents - Beginning of Period | 834 | 0 |
Cash and Cash Equivalents - End of Period | $ 0 | $ 658 |