CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended |
Jun. 30, 2017 | Jun. 30, 2016 |
Operating Activities: | | |
Net Income | $ 493,966 | $ 451,562 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 376,686 | 350,492 |
Deferred Income Taxes | 269,505 | 250,851 |
Pension, SERP and PBOP Expense, Net | 11,242 | 22,659 |
Pension and PBOP Contributions | (91,400) | (65,929) |
Regulatory (Under)/Over Recoveries, Net | 85,792 | (5,768) |
Amortization of Regulatory (Liabilities)/Assets, Net | 16,210 | 12,281 |
Other | (94,666) | (10,808) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (7,660) | (76,751) |
Fuel, Materials, Supplies and Inventory | 42,425 | 43,930 |
Taxes Receivable/Accrued, Net | 23,980 | 230,075 |
Accounts Payable | (168,221) | (151,996) |
Other Current Assets and Liabilities, Net | (49,889) | (72,160) |
Net Cash Flows Provided by Operating Activities | 907,970 | 978,438 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (1,146,952) | (869,168) |
Proceeds from Sales of Marketable Securities | 373,853 | 327,581 |
Purchases of Marketable Securities | (394,379) | (322,244) |
Other Investing Activities | (11,050) | (2,991) |
Net Cash Flows Used in Investing Activities | (1,178,528) | (866,822) |
Financing Activities: | | |
Cash Dividends on Common Shares | (301,042) | (282,314) |
Cash Dividends on Preferred Stock | (3,759) | (3,759) |
Decrease in Notes Payable | (211,000) | (393,953) |
Issuance of Long-Term Debt | 950,000 | 800,000 |
Retirements of Long-Term Debt | (150,000) | (200,000) |
Other Financing Activities | (19,254) | (16,811) |
Net Cash Flows Provided by/(Used in) Financing Activities | 264,945 | (96,837) |
Net Increase (decrease) in Cash and Cash Equivalents | (5,613) | 14,779 |
Cash and Cash Equivalents - Beginning of Period | 30,251 | 23,947 |
Cash and Cash Equivalents - End of Period | 24,638 | 38,726 |
The Connecticut Light And Power Company [Member] | | |
Operating Activities: | | |
Net Income | 181,501 | 169,921 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 120,549 | 114,500 |
Deferred Income Taxes | 73,277 | 97,913 |
Pension, SERP and PBOP (Benefits)/Expense, Net | 3,071 | 3,325 |
Regulatory (Under)/Over Recoveries, Net | 9,762 | (40,386) |
Amortization of Regulatory (Liabilities)/Assets, Net | 24,225 | 6,891 |
Other | (27,623) | (4,477) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (22,333) | (26,729) |
Taxes Receivable/Accrued, Net | 41,733 | 145,852 |
Accounts Payable | (63,813) | (38,137) |
Other Current Assets and Liabilities, Net | 13,541 | 774 |
Net Cash Flows Provided by Operating Activities | 353,890 | 429,447 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (419,891) | (288,630) |
Proceeds from the Sale of Property, Plant and Equipment | 0 | 9,047 |
Other Investing Activities | 132 | 205 |
Net Cash Flows Used in Investing Activities | (419,759) | (279,378) |
Financing Activities: | | |
Cash Dividends on Common Shares | (99,200) | (99,800) |
Capital Contributions from Eversource Parent | 0 | 145,700 |
Cash Dividends on Preferred Stock | (2,779) | (2,779) |
Increase/(Decrease) in Notes Payable to Eversource Parent | 21,000 | (184,400) |
Issuance of Long-Term Debt | 300,000 | 0 |
Retirements of Long-Term Debt | (150,000) | 0 |
Other Financing Activities | (3,894) | (398) |
Net Cash Flows Provided by/(Used in) Financing Activities | 65,127 | (141,677) |
Net Increase (decrease) in Cash and Cash Equivalents | (742) | 8,392 |
Cash and Cash Equivalents - Beginning of Period | 6,579 | 1,057 |
Cash and Cash Equivalents - End of Period | 5,837 | 9,449 |
NSTAR Electric Company [Member] | | |
Operating Activities: | | |
Net Income | 143,525 | 122,661 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 111,397 | 104,457 |
Deferred Income Taxes | 60,673 | 48,505 |
Pension and PBOP Contributions | (15,360) | (15,428) |
Pension, SERP and PBOP (Benefits)/Expense, Net | (4,944) | 2,192 |
Regulatory (Under)/Over Recoveries, Net | 8,257 | 26,277 |
Amortization of Regulatory (Liabilities)/Assets, Net | 7,961 | 8,654 |
Other | (15,309) | (3,978) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (42,050) | (56,140) |
Fuel, Materials, Supplies and Inventory | 27,221 | 35,194 |
Taxes Receivable/Accrued, Net | 36,207 | 45,608 |
Accounts Payable | (133,614) | (88,774) |
Other Current Assets and Liabilities, Net | (45,430) | (64,084) |
Net Cash Flows Provided by Operating Activities | 138,534 | 165,144 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (262,097) | (199,824) |
Other Investing Activities | (3,617) | 0 |
Net Cash Flows Used in Investing Activities | (265,714) | (199,824) |
Financing Activities: | | |
Cash Dividends on Common Shares | (93,000) | (278,300) |
Capital Contributions from Eversource Parent | 1,800 | 0 |
Cash Dividends on Preferred Stock | (980) | (980) |
Decrease in Notes Payable | (126,500) | 266,500 |
Issuance of Long-Term Debt | 350,000 | 250,000 |
Retirements of Long-Term Debt | 0 | (200,000) |
Other Financing Activities | (3,159) | (2,495) |
Net Cash Flows Provided by/(Used in) Financing Activities | 128,161 | 34,725 |
Net Increase (decrease) in Cash and Cash Equivalents | 981 | 45 |
Cash and Cash Equivalents - Beginning of Period | 3,494 | 3,346 |
Cash and Cash Equivalents - End of Period | 4,475 | 3,391 |
Public Service Company Of New Hampshire [Member] | | |
Operating Activities: | | |
Net Income | 65,903 | 67,313 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 63,182 | 56,879 |
Deferred Income Taxes | 37,670 | 45,976 |
Regulatory (Under)/Over Recoveries, Net | (1,964) | (10,740) |
Amortization of Regulatory (Liabilities)/Assets, Net | (13,492) | 332 |
Other | (6,763) | (8,484) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (1,427) | (5,247) |
Fuel, Materials, Supplies and Inventory | 12,288 | 5,394 |
Taxes Receivable/Accrued, Net | (20,945) | 33,840 |
Accounts Payable | 2,236 | 20,417 |
Other Current Assets and Liabilities, Net | 5,419 | (1,422) |
Net Cash Flows Provided by Operating Activities | 142,107 | 204,258 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (155,737) | (138,713) |
Other Investing Activities | 26 | 172 |
Net Cash Flows Used in Investing Activities | (155,711) | (138,541) |
Financing Activities: | | |
Cash Dividends on Common Shares | (23,900) | (38,800) |
Capital Contributions from Eversource Parent | 0 | 83,000 |
Increase/(Decrease) in Notes Payable to Eversource Parent | 33,200 | (110,400) |
Other Financing Activities | (150) | (166) |
Net Cash Flows Provided by/(Used in) Financing Activities | 9,150 | (66,366) |
Net Increase (decrease) in Cash and Cash Equivalents | (4,454) | (649) |
Cash and Cash Equivalents - Beginning of Period | 4,646 | 1,733 |
Cash and Cash Equivalents - End of Period | 192 | 1,084 |
Western Massachusetts Electric Company [Member] | | |
Operating Activities: | | |
Net Income | 34,839 | 30,092 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | | |
Depreciation | 24,298 | 22,847 |
Deferred Income Taxes | 31,549 | 17,155 |
Regulatory (Under)/Over Recoveries, Net | 1,170 | (2,651) |
Amortization of Regulatory (Liabilities)/Assets, Net | (849) | 2,203 |
Other | (3,767) | (2,547) |
Changes in Current Assets and Liabilities: | | |
Receivables and Unbilled Revenues, Net | (1,178) | 6,500 |
Taxes Receivable/Accrued, Net | (177) | 32,985 |
Accounts Payable | 717 | (13,176) |
Other Current Assets and Liabilities, Net | (8,942) | 2,502 |
Net Cash Flows Provided by Operating Activities | 77,660 | 95,910 |
Investing Activities: | | |
Investments in Property, Plant and Equipment | (76,397) | (71,459) |
Proceeds from Sales of Marketable Securities | 863 | 1,484 |
Purchases of Marketable Securities | (826) | (1,457) |
Net Cash Flows Used in Investing Activities | (76,360) | (71,432) |
Financing Activities: | | |
Cash Dividends on Common Shares | (19,000) | (19,000) |
Capital Contributions from Eversource Parent | 0 | 35,000 |
Increase/(Decrease) in Notes Payable to Eversource Parent | 17,700 | (89,700) |
Issuance of Long-Term Debt | 0 | 50,000 |
Other Financing Activities | 0 | (191) |
Net Cash Flows Provided by/(Used in) Financing Activities | (1,300) | (23,891) |
Net Increase (decrease) in Cash and Cash Equivalents | 0 | 587 |
Cash and Cash Equivalents - Beginning of Period | 0 | 834 |
Cash and Cash Equivalents - End of Period | $ 0 | $ 1,421 |