XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities    
Net income $ 74,898 $ 74,863
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 148,356 137,704
Deferred income taxes 17,501 46,504
Allowance for funds used during construction (AFUDC) - equity (8,085) (5,473)
Stock-based compensation expense (Note A) 4,104 3,914
Pension expense 36,756 29,949
Undistributed (earnings) losses in equity investments (11,622) (11,990)
Deferred purchased gas 24,337 18,672
Deferred Transmission (income) expense 10,635 (19,822)
Regulatory disallowances (Note C) 17,543 0
Other non-cash items, net 2,360 20,812
Changes in:    
Accounts receivable, net 36,930 (30,047)
Unbilled revenues 34,474 19,372
Natural gas in storage (4,023) 19,099
Prepayments (13,615) (6,942)
Accounts payable (54,889) (41,532)
Cash distributions from GenConn 7,704 16,304
Interest accrued 1,962 3,735
Taxes accrued/refundable, net 24,248 34,441
Accrued liabilities (5,065) (1,685)
Accrued pension (69,963) (57,680)
Other assets (512) 3,583
Other liabilities (6,128) (5,848)
Total Adjustments 193,008 173,070
Net Cash provided by Operating Activities 267,906 247,933
Cash Flows from Investing Activities    
Plant expenditures including AFUDC debt (224,172) [1] (214,240) [1]
Cash distributions from GenConn 2,063 1,300
Changes in restricted cash 918 3,377
Deposits in New England East West Solution (NEEWS) (Note C) (982) (5,885)
Other 350 810
Net Cash (used in) Investing Activities (221,823) (214,638)
Cash Flows from Financing Activities    
Issuance of common stock 72 1,943
Issuances of long-term debt 0 203,500
Payments on long-term debt (20,000) (108,500)
Line of credit borrowings (repayments), net 40,000 (80,000)
Payment of common stock dividend (65,695) (65,602)
Other 379 (434)
Net Cash (used in) Financing Activities (45,244) (49,093)
Unrestricted Cash and Temporary Cash Investments:    
Net change for the period 839 (15,798)
Balance at beginning of period 17,857 30,999
Balance at end of period 18,696 15,201
Non-cash investing activity:    
Plant expenditures included in ending accounts payable 21,149 26,944
Plant expenditures funded by deposits in NEEWS (18,469) (6,346)
Deposits in New England East West Solution (NEEWS) $ 18,469 $ 6,346
[1] Information for segmenting total capital expenditures between Distribution and Transmission is not available.  Total Electric Distribution and Transmission capital expenditures are disclosed in the Total Electric Distribution and Transmission column.