CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended |
Mar. 31, 2017 | Mar. 31, 2016 |
Operating Activities: | | |
Net Income | $ 261,338 | $ 246,033 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 186,805 | 173,986 |
Deferred Income Taxes | 141,398 | 141,132 |
Pension, SERP and PBOP Expense, Net | 5,828 | 11,583 |
Pension and PBOP Contributions | (45,700) | (30,383) |
Regulatory Over/(Under) Recoveries, Net | 56,734 | (82,772) |
Amortization of Regulatory Assets, Net | 24,017 | 20,997 |
Other | (42,428) | (16,532) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (50,251) | (133,965) |
Fuel, Materials, Supplies and Inventory | (33,058) | (22,748) |
Taxes Receivable/Accrued, Net | 32,313 | 279,106 |
Accounts Payable | (57,701) | (76,317) |
Other Current Assets and Liabilities, Net | (42,793) | (10,156) |
Net Cash Flows Provided by Operating Activities | 436,502 | 499,964 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (523,560) | (431,472) |
Proceeds from Sales of Marketable Securities | 154,772 | 136,805 |
Purchases of Marketable Securities | (149,688) | (135,427) |
Other Investing Activities | (11,281) | 5,494 |
Net Cash Flows Used in Investing Activities | (529,757) | (424,600) |
Financing Activities: | | |
Cash Dividends on Common Shares | (150,521) | (141,157) |
Cash Dividends on Preferred Stock | (1,880) | (1,880) |
Decrease in Notes Payable | (173,000) | (391,453) |
Issuance of Long-Term Debt | 600,000 | 500,000 |
Retirements of Long-Term Debt | (150,000) | 0 |
Other Financing Activities | (15,832) | (13,855) |
Net Cash Flows Provided by/(Used in) Financing Activities | 108,767 | (48,345) |
Net Increase in Cash and Cash Equivalents | 15,512 | 27,019 |
Cash and Cash Equivalents - Beginning of Period | 30,251 | 23,947 |
Cash and Cash Equivalents - End of Period | 45,763 | 50,966 |
The Connecticut Light And Power Company [Member] | | |
Operating Activities: | | |
Net Income | 90,208 | 87,047 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 59,751 | 56,969 |
Deferred Income Taxes | 47,864 | 58,363 |
Regulatory Over/(Under) Recoveries, Net | (18,734) | (70,195) |
Amortization of Regulatory Assets, Net | 12,803 | 9,878 |
Other | (2,373) | 2,216 |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (1,280) | (37,501) |
Taxes Receivable/Accrued, Net | 32,920 | 141,951 |
Accounts Payable | (16,957) | (5,040) |
Other Current Assets and Liabilities, Net | (32,576) | (22,533) |
Net Cash Flows Provided by Operating Activities | 171,626 | 221,155 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (181,601) | (147,131) |
Proceeds from the Sale of Property, Plant and Equipment | 0 | 9,047 |
Other Investing Activities | 32 | 49 |
Net Cash Flows Used in Investing Activities | (181,569) | (138,035) |
Financing Activities: | | |
Cash Dividends on Common Shares | (49,600) | (49,900) |
Capital Contributions from Eversource Parent | 0 | 145,700 |
Cash Dividends on Preferred Stock | (1,390) | (1,390) |
Decrease in Notes Payable to Eversource Parent | (76,700) | (161,900) |
Issuance of Long-Term Debt | 300,000 | 0 |
Retirements of Long-Term Debt | (150,000) | 0 |
Other Financing Activities | (3,631) | (205) |
Net Cash Flows Provided by/(Used in) Financing Activities | 18,679 | (67,695) |
Net Increase in Cash and Cash Equivalents | 8,736 | 15,425 |
Cash and Cash Equivalents - Beginning of Period | 6,579 | 1,057 |
Cash and Cash Equivalents - End of Period | 15,315 | 16,482 |
NSTAR Electric Company [Member] | | |
Operating Activities: | | |
Net Income | 66,162 | 54,493 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 55,216 | 51,886 |
Deferred Income Taxes | 29,199 | 32,878 |
Pension and PBOP Contributions, Net of Pension, SERP and PBOP Expense | (10,422) | (12,953) |
Regulatory Over/(Under) Recoveries, Net | 4,373 | (16,746) |
Amortization of Regulatory Assets, Net | 4,977 | 4,683 |
Other | (3,691) | (3,245) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (2,376) | (29,132) |
Fuel, Materials, Supplies and Inventory | (32,050) | (40,322) |
Taxes Receivable/Accrued, Net | 38,970 | 33,938 |
Accounts Payable | (19,025) | 1,187 |
Other Current Assets and Liabilities, Net | 2,371 | 19,600 |
Net Cash Flows Provided by Operating Activities | 133,704 | 96,267 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (132,105) | (91,319) |
Other Investing Activities | (3,617) | 0 |
Net Cash Flows Used in Investing Activities | (135,722) | (91,319) |
Financing Activities: | | |
Cash Dividends on Common Shares | (46,500) | (90,300) |
Cash Dividends on Preferred Stock | (490) | (490) |
Decrease in Notes Payable | 48,000 | 86,000 |
Other Financing Activities | (38) | 0 |
Net Cash Flows Provided by/(Used in) Financing Activities | 972 | (4,790) |
Net Increase in Cash and Cash Equivalents | (1,046) | 158 |
Cash and Cash Equivalents - Beginning of Period | 3,494 | 3,346 |
Cash and Cash Equivalents - End of Period | 2,448 | 3,504 |
Public Service Company Of New Hampshire [Member] | | |
Operating Activities: | | |
Net Income | 34,312 | 36,058 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 30,735 | 28,235 |
Deferred Income Taxes | 11,290 | 21,181 |
Regulatory Over/(Under) Recoveries, Net | 3,507 | (2,291) |
Amortization of Regulatory Assets, Net | 5,445 | 8,518 |
Other | (4,471) | (9,166) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | 1,149 | (17,207) |
Fuel, Materials, Supplies and Inventory | (3,371) | 6,903 |
Taxes Receivable/Accrued, Net | 1,778 | 57,935 |
Accounts Payable | 5,475 | 2,100 |
Other Current Assets and Liabilities, Net | 27,332 | 24,021 |
Net Cash Flows Provided by Operating Activities | 113,181 | 156,287 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (75,327) | (72,338) |
Other Investing Activities | (145) | 84 |
Net Cash Flows Used in Investing Activities | (75,472) | (72,254) |
Financing Activities: | | |
Cash Dividends on Common Shares | (18,500) | (19,400) |
Capital Contributions from Eversource Parent | 0 | 11,500 |
Decrease in Notes Payable to Eversource Parent | (16,000) | (74,200) |
Other Financing Activities | (112) | (86) |
Net Cash Flows Provided by/(Used in) Financing Activities | (34,612) | (82,186) |
Net Increase in Cash and Cash Equivalents | 3,097 | 1,847 |
Cash and Cash Equivalents - Beginning of Period | 4,646 | 1,733 |
Cash and Cash Equivalents - End of Period | 7,743 | 3,580 |
Western Massachusetts Electric Company [Member] | | |
Operating Activities: | | |
Net Income | 17,218 | 16,827 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 12,002 | 11,371 |
Deferred Income Taxes | 16,176 | 9,921 |
Regulatory Over/(Under) Recoveries, Net | (452) | (6,100) |
Amortization of Regulatory (Liabilities)/Assets, Net | (488) | 1,212 |
Other | (326) | (541) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (5,924) | 2,197 |
Taxes Receivable/Accrued, Net | (1,404) | 26,976 |
Accounts Payable | (10,141) | (11,011) |
Other Current Assets and Liabilities, Net | (4,057) | (136) |
Net Cash Flows Provided by Operating Activities | 22,604 | 50,716 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (32,744) | (39,891) |
Other Investing Activities | 9 | 13 |
Net Cash Flows Used in Investing Activities | (32,735) | (39,878) |
Financing Activities: | | |
Cash Dividends on Common Shares | (9,500) | (9,500) |
Decrease in Notes Payable to Eversource Parent | 20,400 | 100 |
Other Financing Activities | 0 | (3) |
Net Cash Flows Provided by/(Used in) Financing Activities | 10,900 | (9,403) |
Net Increase in Cash and Cash Equivalents | 769 | 1,435 |
Cash and Cash Equivalents - Beginning of Period | 0 | 834 |
Cash and Cash Equivalents - End of Period | $ 769 | $ 2,269 |