CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended |
Sep. 30, 2017 | Sep. 30, 2016 |
Operating Activities: | | |
Net Income | $ 756,216 | $ 718,762 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 571,152 | 531,781 |
Deferred Income Taxes | 374,863 | 301,413 |
Pension, SERP and PBOP Expense, Net | 16,891 | 31,627 |
Pension and PBOP Contributions | (197,900) | (121,854) |
Regulatory Overrecoveries, Net | 185,952 | 152,808 |
Amortization of Regulatory Assets, Net | 58,058 | 56,223 |
Other | (148,741) | (27,671) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (107,473) | (191,454) |
Fuel, Materials, Supplies and Inventory | 23,686 | 25,425 |
Taxes Receivable/Accrued, Net | 88,856 | 347,898 |
Accounts Payable | (96,551) | (121,513) |
Other Current Assets and Liabilities, Net | (32,874) | (53,077) |
Net Cash Flows Provided by Operating Activities | 1,492,135 | 1,650,368 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (1,642,280) | (1,359,171) |
Proceeds from Sales of Marketable Securities | 520,664 | 444,209 |
Purchases of Marketable Securities | (506,302) | (437,197) |
Other Investing Activities | (10,177) | (9,463) |
Net Cash Flows Used in Investing Activities | (1,638,095) | (1,361,622) |
Financing Activities: | | |
Cash Dividends on Common Shares | (451,562) | (423,471) |
Cash Dividends on Preferred Stock | (5,639) | (5,639) |
Decrease in Notes Payable | (231,500) | (426,453) |
Issuance of Long-Term Debt | 1,250,000 | 800,000 |
Retirements of Long-Term Debt | (320,000) | (200,000) |
Other Financing Activities | 171 | (17,074) |
Net Cash Flows Provided by/(Used in) Financing Activities | 241,470 | (272,637) |
Net Increase (decrease) in Cash and Cash Equivalents | 95,510 | 16,109 |
Cash and Cash Equivalents - Beginning of Period | 30,251 | 23,947 |
Cash and Cash Equivalents - End of Period | 125,761 | 40,056 |
The Connecticut Light And Power Company | | |
Operating Activities: | | |
Net Income | 277,645 | 256,553 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 184,275 | 172,175 |
Deferred Income Taxes | 90,132 | 109,637 |
Pension, SERP and PBOP (Benefits)/Expense, Net | 4,546 | 4,825 |
Regulatory Overrecoveries, Net | 71,413 | 33,492 |
Amortization of Regulatory Assets, Net | 58,799 | 30,308 |
Other | (22,113) | (14,873) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (70,936) | (100,074) |
Taxes Receivable/Accrued, Net | 69,335 | 197,422 |
Accounts Payable | (1,649) | (30,168) |
Other Current Assets and Liabilities, Net | (38,111) | (44,908) |
Net Cash Flows Provided by Operating Activities | 623,336 | 614,389 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (621,882) | (438,518) |
Proceeds from the Sale of Property, Plant and Equipment | 0 | 9,047 |
Other Investing Activities | 185 | 310 |
Net Cash Flows Used in Investing Activities | (621,697) | (429,161) |
Financing Activities: | | |
Cash Dividends on Common Shares | (205,200) | (149,700) |
Capital Contributions from Eversource Parent | 0 | 145,700 |
Cash Dividends on Preferred Stock | (4,169) | (4,169) |
Increase/(Decrease) in Notes Payable to Eversource Parent | (80,100) | (168,900) |
Premium on Long-Term Debt Issuance | 21,937 | 0 |
Issuance of Long-Term Debt | 525,000 | 0 |
Retirements of Long-Term Debt | (250,000) | 0 |
Other Financing Activities | (6,322) | (609) |
Net Cash Flows Provided by/(Used in) Financing Activities | 1,146 | (177,678) |
Net Increase (decrease) in Cash and Cash Equivalents | 2,785 | 7,550 |
Cash and Cash Equivalents - Beginning of Period | 6,579 | 1,057 |
Cash and Cash Equivalents - End of Period | 9,364 | 8,607 |
NSTAR Electric Company | | |
Operating Activities: | | |
Net Income | 251,685 | 239,857 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 167,598 | 159,151 |
Deferred Income Taxes | 71,327 | 40,960 |
Pension and PBOP Contributions | (83,040) | (26,734) |
Pension, SERP and PBOP (Benefits)/Expense, Net | (7,305) | 1,370 |
Regulatory Overrecoveries, Net | 61,356 | 131,774 |
Amortization of Regulatory Assets, Net | 17,806 | 18,275 |
Other | (23,120) | (20,088) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (95,398) | (103,444) |
Fuel, Materials, Supplies and Inventory | 9,086 | 30,659 |
Taxes Receivable/Accrued, Net | 67,501 | 141,379 |
Accounts Payable | (38,486) | (22,913) |
Other Current Assets and Liabilities, Net | 13,961 | (25,942) |
Net Cash Flows Provided by Operating Activities | 412,971 | 564,304 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (358,041) | (327,731) |
Other Investing Activities | (3,617) | 0 |
Net Cash Flows Used in Investing Activities | (361,658) | (327,731) |
Financing Activities: | | |
Cash Dividends on Common Shares | (186,000) | (278,300) |
Capital Contributions from Eversource Parent | 2,300 | 25,000 |
Cash Dividends on Preferred Stock | (1,470) | (1,470) |
Decrease in Notes Payable | (126,500) | (26,500) |
Issuance of Long-Term Debt | 350,000 | 250,000 |
Retirements of Long-Term Debt | 0 | (200,000) |
Other Financing Activities | (3,222) | (2,495) |
Net Cash Flows Provided by/(Used in) Financing Activities | 35,108 | (233,765) |
Net Increase (decrease) in Cash and Cash Equivalents | 86,421 | 2,808 |
Cash and Cash Equivalents - Beginning of Period | 3,494 | 3,346 |
Cash and Cash Equivalents - End of Period | 89,915 | 6,154 |
Public Service Company Of New Hampshire | | |
Operating Activities: | | |
Net Income | 99,626 | 105,829 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 95,266 | 86,524 |
Deferred Income Taxes | 43,217 | 74,522 |
Regulatory Overrecoveries, Net | 8,910 | (4,289) |
Amortization of Regulatory (Liabilities)/Assets, Net | (10,658) | 14,490 |
Other | (7,792) | (12,660) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (30,276) | (28,754) |
Fuel, Materials, Supplies and Inventory | 4,263 | (4,014) |
Taxes Receivable/Accrued, Net | 10,749 | 33,589 |
Accounts Payable | 18,394 | 14,508 |
Other Current Assets and Liabilities, Net | 32,296 | 26,207 |
Net Cash Flows Provided by Operating Activities | 263,995 | 305,952 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (215,470) | (215,804) |
Other Investing Activities | 113 | 272 |
Net Cash Flows Used in Investing Activities | (215,357) | (215,532) |
Financing Activities: | | |
Cash Dividends on Common Shares | (23,900) | (58,200) |
Capital Contributions from Eversource Parent | 0 | 94,500 |
Increase/(Decrease) in Notes Payable to Eversource Parent | 41,400 | (123,800) |
Retirements of Long-Term Debt | (70,000) | 0 |
Other Financing Activities | (187) | (217) |
Net Cash Flows Provided by/(Used in) Financing Activities | (52,687) | (87,717) |
Net Increase (decrease) in Cash and Cash Equivalents | (4,049) | 2,703 |
Cash and Cash Equivalents - Beginning of Period | 4,646 | 1,733 |
Cash and Cash Equivalents - End of Period | 597 | 4,436 |
Western Massachusetts Electric Company | | |
Operating Activities: | | |
Net Income | 52,446 | 46,103 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 36,844 | 34,414 |
Deferred Income Taxes | 29,008 | 15,587 |
Regulatory Overrecoveries, Net | 10,291 | 323 |
Amortization of Regulatory (Liabilities)/Assets, Net | (563) | 3,305 |
Other | (10,182) | (2,532) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (16,818) | 1,933 |
Taxes Receivable/Accrued, Net | 4,203 | 36,658 |
Accounts Payable | (5,777) | (16,240) |
Other Current Assets and Liabilities, Net | (7,482) | 5,277 |
Net Cash Flows Provided by Operating Activities | 91,970 | 124,828 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (109,233) | (104,811) |
Proceeds from Sales of Marketable Securities | 1,641 | 1,934 |
Purchases of Marketable Securities | (1,590) | (1,894) |
Net Cash Flows Used in Investing Activities | (109,182) | (104,771) |
Financing Activities: | | |
Cash Dividends on Common Shares | (28,500) | (28,500) |
Capital Contributions from Eversource Parent | 0 | 53,000 |
Increase/(Decrease) in Notes Payable to Eversource Parent | 45,900 | (95,200) |
Issuance of Long-Term Debt | 0 | 50,000 |
Other Financing Activities | (188) | (191) |
Net Cash Flows Provided by/(Used in) Financing Activities | 17,212 | (20,891) |
Net Increase (decrease) in Cash and Cash Equivalents | 0 | (834) |
Cash and Cash Equivalents - Beginning of Period | 0 | 834 |
Cash and Cash Equivalents - End of Period | $ 0 | $ 0 |