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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Adjustments to Reconcile Net Income to Net Cash Flows Provided by/(Used In) Operating Activities:    
Depreciation $ 694,505 $ 632,949
Deferred Income Taxes 297,901 155,035
Uncollectible Expense 26,279 24,171
Pension, SERP and PBOP Income, Net (35,719) (46,600)
Regulatory (Under)/Over Recoveries, Net (383,152) (112,050)
Cost of Removal Expenditures (113,024) (183,552)
Other (99,544) (13,423)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (95,839) 137,819
Taxes Receivable/Accrued, Net 41,275 49,201
Accounts Payable (82,355) (489,132)
Other Current Assets and Liabilities, Net (30,288) (121,600)
Net Cash Flows Provided by/(Used In) Operating Activities 962,026 647,277
Investing Activities:    
Investments in Property, Plant and Equipment (2,220,917) (2,039,512)
Other Investing Activities 11,355 11,055
Net Cash Flows Used in Investing Activities (2,930,981) (2,397,675)
Financing Activities:    
Cash Dividends on Common Stock (490,910) (458,959)
Cash Dividends on Preferred Stock (3,759) (3,759)
Issuance of Long-Term Debt 3,850,000 3,361,000
Other Financing Activities (48,493) (27,839)
Net Cash Flows Provided by Financing Activities 1,935,170 1,406,638
Net (Decrease)/Increase in Cash and Restricted Cash (33,785) (343,760)
Cash and Restricted Cash - Beginning of Period 166,418 521,752
Cash and Restricted Cash - End of Period 132,633 177,992
NSTAR Electric    
Operating Activities:    
Net Income 317,580 268,556
Adjustments to Reconcile Net Income to Net Cash Flows Provided by/(Used In) Operating Activities:    
Depreciation 197,208 183,292
Deferred Income Taxes 54,640 66,926
Uncollectible Expense 12,007 7,759
Pension, SERP and PBOP Income, Net (18,003) (20,460)
Regulatory (Under)/Over Recoveries, Net (157,521) (126,487)
Amortization of Regulatory Assets/(Liabilities), Net 69,627 21,385
Cost of Removal Expenditures (22,832) (33,750)
Other (27,840) (12,211)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (41,197) (9,745)
Taxes Receivable/Accrued, Net (5,328) 28,662
Accounts Payable (77,371) (68,720)
Other Current Assets and Liabilities, Net 40,403 (71,745)
Net Cash Flows Provided by/(Used In) Operating Activities 341,373 233,462
Investing Activities:    
Investments in Property, Plant and Equipment (729,758) (677,596)
Other Investing Activities 0 48
Net Cash Flows Used in Investing Activities (729,758) (677,548)
Financing Activities:    
Cash Dividends on Common Stock (393,900) (327,400)
Cash Dividends on Preferred Stock (980) (980)
Issuance of Long-Term Debt 600,000 0
Capital Contributions from Eversource Parent 300,000 112,300
(Decrease)/Increase in Notes Payable (129,347) 324,000
Other Financing Activities (6,081) 8
Net Cash Flows Provided by Financing Activities 369,692 107,928
Net (Decrease)/Increase in Cash and Restricted Cash (18,693) (336,158)
Cash and Restricted Cash - Beginning of Period 22,785 345,293
Cash and Restricted Cash - End of Period $ 4,092 $ 9,135