XML 42 R20.htm IDEA: XBRL DOCUMENT v3.24.3
NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Adjustments to Reconcile Net Income to Net Cash Flows Provided by/(Used In) Operating Activities:    
Depreciation $ 1,060,650 $ 962,477
Deferred Income Taxes 343,004 78,276
Uncollectible Expense 55,438 40,945
Pension, SERP and PBOP Income, Net (54,663) (64,311)
Regulatory (Under)/Over Recoveries, Net (476,419) (4,148)
Cost of Removal Expenditures (202,167) (237,368)
Other (77,264) (114,111)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (177,806) 6,738
Taxes Receivable/Accrued, Net 89,730 177,618
Accounts Payable (231,898) (385,741)
Other Current Assets and Liabilities, Net (142,285) (100,646)
Net Cash Flows Provided by/(Used In) Operating Activities 1,517,606 1,169,153
Investing Activities:    
Investments in Property, Plant and Equipment (3,291,850) (3,125,617)
Other Investing Activities 22,506 (57)
Net Cash Flows Used in Investing Activities (3,323,457) (3,958,982)
Financing Activities:    
Cash Dividends on Common Stock (745,221) (688,878)
Cash Dividends on Preferred Stock (5,639) (5,639)
Issuance of Long-Term Debt 4,400,000 4,340,300
Other Financing Activities (55,474) (38,189)
Net Cash Flows Provided by Financing Activities 1,842,234 2,448,984
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 36,383 (340,845)
Cash and Restricted Cash - Beginning of Period 166,418 521,752
Cash, Cash Equivalents and Restricted Cash - End of Period 202,801 180,907
NSTAR Electric    
Operating Activities:    
Net (Loss)/Income 502,129 433,267
Adjustments to Reconcile Net Income to Net Cash Flows Provided by/(Used In) Operating Activities:    
Depreciation 301,831 277,396
Deferred Income Taxes 55,795 72,220
Uncollectible Expense 27,746 12,988
Pension, SERP and PBOP Income, Net (27,053) (31,007)
Regulatory (Under)/Over Recoveries, Net (155,869) (103,903)
Amortization of Regulatory Assets/(Liabilities), Net 120,814 14,923
Cost of Removal Expenditures (39,590) (49,379)
Other (25,224) (11,174)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (152,656) (76,989)
Taxes Receivable/Accrued, Net 33,883 61,773
Accounts Payable (83,599) (60,363)
Other Current Assets and Liabilities, Net 14,030 (10,752)
Net Cash Flows Provided by/(Used In) Operating Activities 572,237 529,000
Investing Activities:    
Investments in Property, Plant and Equipment (1,074,260) (1,012,357)
Other Investing Activities 0 48
Net Cash Flows Used in Investing Activities (1,074,260) (1,012,309)
Financing Activities:    
Cash Dividends on Common Stock (643,900) (327,400)
Cash Dividends on Preferred Stock (1,470) (1,470)
Issuance of Long-Term Debt 600,000 150,000
Capital Contributions from Eversource Parent 375,000 123,600
Increase in Notes Payable 171,653 209,500
Other Financing Activities (6,077) (1,368)
Net Cash Flows Provided by Financing Activities 495,206 152,862
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash (6,817) (330,447)
Cash and Restricted Cash - Beginning of Period 22,785 345,293
Cash, Cash Equivalents and Restricted Cash - End of Period $ 15,968 $ 14,846