Exhibit 99.2
EVERSOURCE ENERGY AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
| (Thousands of Dollars) | As of March 31, 2020 | As of December 31, 2019 | ||||||
| ASSETS | ||||||||
| Current Assets: | ||||||||
| Cash | $ | 47,425 | $ | 15,432 | ||||
| Receivables, Net (net of allowance for uncollectible accounts of $262,078 and $224,821 as of March 31, 2020 and December 31, 2019, respectively) | 1,018,941 | 989,383 | ||||||
| Unbilled Revenues | 155,224 | 181,006 | ||||||
| Fuel, Materials, Supplies and REC Inventory | 286,498 | 235,471 | ||||||
| Regulatory Assets | 785,125 | 651,112 | ||||||
| Prepayments and Other Current Assets | 269,457 | 342,135 | ||||||
| Total Current Assets | 2,562,670 | 2,414,539 | ||||||
| Property, Plant and Equipment, Net | 28,041,356 | 27,585,470 | ||||||
| Deferred Debits and Other Assets: | ||||||||
| Regulatory Assets | 4,778,321 | 4,863,639 | ||||||
| Goodwill | 4,427,266 | 4,427,266 | ||||||
| Investments in Unconsolidated Affiliates | 876,328 | 871,633 | ||||||
| Marketable Securities | 418,715 | 449,130 | ||||||
| Other Long-Term Assets | 544,330 | 512,238 | ||||||
| Total Deferred Debits and Other Assets | 11,044,960 | 11,123,906 | ||||||
| Total Assets | $ | 41,648,986 | $ | 41,123,915 | ||||
| LIABILITIES AND CAPITALIZATION | ||||||||
| Current Liabilities: | ||||||||
| Notes Payable | $ | 661,420 | $ | 889,084 | ||||
| Long-Term Debt – Current Portion | 532,440 | 327,411 | ||||||
| Rate Reduction Bonds – Current Portion | 43,210 | 43,210 | ||||||
| Accounts Payable | 914,333 | 1,147,872 | ||||||
| Renewable Portfolio Standards Compliance Obligations | 192,660 | 160,149 | ||||||
| Regulatory Liabilities | 439,859 | 361,152 | ||||||
| Other Current Liabilities | 611,706 | 676,685 | ||||||
| Total Current Liabilities | 3,395,628 | 3,605,563 | ||||||
| Deferred Credits and Other Liabilities: | ||||||||
| Accumulated Deferred Income Taxes | 3,816,988 | 3,755,777 | ||||||
| Regulatory Liabilities | 3,668,158 | 3,658,042 | ||||||
| Derivative Liabilities | 342,990 | 338,710 | ||||||
| Asset Retirement Obligations | 489,519 | 488,511 | ||||||
| Accrued Pension, SERP and PBOP | 1,331,884 | 1,370,245 | ||||||
| Other Long-Term Liabilities | 821,195 | 810,553 | ||||||
| Total Deferred Credits and Other Liabilities | 10,470,734 | 10,421,838 | ||||||
| Long-Term Debt | 13,898,581 | 13,770,828 | ||||||
| Rate Reduction Bonds | 518,517 | 540,122 | ||||||
| Noncontrolling Interest – Preferred Stock of Subsidiaries | 155,570 | 155,570 | ||||||
| Common Shareholders' Equity: | ||||||||
| Common Shares | 1,759,092 | 1,729,292 | ||||||
| Capital Surplus, Paid In | 7,479,689 | 7,087,768 | ||||||
| Retained Earnings | 4,322,825 | 4,177,048 | ||||||
| Accumulated Other Comprehensive Loss | (63,111 | ) | (65,059 | ) | ||||
| Treasury Stock | (288,539 | ) | (299,055 | ) | ||||
| Common Shareholders' Equity | 13,209,956 | 12,629,994 | ||||||
| Total Liabilities and Capitalization | $ | 41,648,986 | $ | 41,123,915 | ||||
The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.
EVERSOURCE ENERGY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
| For the Three Months Ended March 31, | ||||||||
| (Thousands of Dollars, Except Share Information) | 2020 | 2019 | ||||||
| Operating Revenues | $ | 2,373,726 | $ | 2,415,792 | ||||
| Operating Expenses: | ||||||||
| Purchased Power, Fuel and Transmission | 876,570 | 974,882 | ||||||
| Operations and Maintenance | 342,062 | 335,597 | ||||||
| Depreciation | 236,211 | 214,948 | ||||||
| Amortization | 49,776 | 70,961 | ||||||
| Energy Efficiency Programs | 148,393 | 140,116 | ||||||
| Taxes Other Than Income Taxes | 181,594 | 184,588 | ||||||
| Total Operating Expenses | 1,834,606 | 1,921,092 | ||||||
| Operating Income | 539,120 | 494,700 | ||||||
| Interest Expense | 134,715 | 131,734 | ||||||
| Other Income, Net | 24,104 | 30,985 | ||||||
| Income Before Income Tax Expense | 428,509 | 393,951 | ||||||
| Income Tax Expense | 91,876 | 83,393 | ||||||
| Net Income | 336,633 | 310,558 | ||||||
| Net Income Attributable to Noncontrolling Interests | 1,880 | 1,880 | ||||||
| Net Income Attributable to Common Shareholders | $ | 334,753 | $ | 308,678 | ||||
| Basic and Diluted Earnings Per Common Share | $ | 1.01 | $ | 0.97 | ||||
| Weighted Average Common Shares Outstanding: | ||||||||
| Basic | 331,102,237 | 317,624,593 | ||||||
| Diluted | 332,937,153 | 318,316,082 | ||||||
The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.