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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Net Income $ 1,228,046 $ 1,212,686 $ 916,572
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 1,103,008 981,380 885,278
Deferred Income Taxes 347,056 257,154 209,812
Uncollectible Expense 60,886 53,461 63,446
Pension, SERP and PBOP (Income)/Expense, Net (14,693) 12,888 22,000
Pension and PBOP Contributions (182,344) (111,524) (121,782)
Regulatory Underrecoveries, Net (314,211) (516,411) (124,870)
Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 81,274 0 0
Amortization 231,965 177,679 195,380
Payments Related to CYAPC's DOE Pre-1983 Spent Nuclear Fuel Obligation 0 0 (29,000)
Proceeds from DOE Spent Nuclear Fuel Litigation 0 0 68,840
Impairment of Northern Pass Transmission 0 0 239,644
Cost of Removal Expenditures (242,130) (148,332) (153,477)
Other (64,640) (25,957) (42,610)
Changes in Current Assets and Liabilities:      
Accounts Receivables from Subsidiaries (135,505) (351,843) (98,716)
Fuel, Materials, Supplies and REC Inventory (1,859) (15,404) (8,074)
Taxes Receivable/Accrued, Net (110,621) 43,819 (16,129)
Accounts Payable (29,201) 122,567 14,866
Other Current Assets and Liabilities, Net 5,569 (9,591) (11,603)
Net Cash Flows Provided by Operating Activities 1,962,600 1,682,572 2,009,577
Investing Activities:      
Investments in Property, Plant and Equipment (3,175,080) (2,942,996) (2,911,489)
Proceeds from Sales of Marketable Securities 447,893 434,124 566,592
Purchases of Marketable Securities (414,980) (401,823) (537,258)
Acquisition of Assets of Columbia Gas of Massachusetts, Net of Restricted Cash 0 (1,113,252) 0
Investments in Unconsolidated Affiliates, Net (327,385) (239,673) (416,337)
Other Investing Activities 22,178 23,809 24,204
Net Cash Flows Used in Investing Activities (3,447,374) (4,129,275) (3,274,288)
Financing Activities:      
Issuance of Common Shares, Net of Issuance Costs 0 928,992 852,254
Cash Dividends on Common Shares (805,439) (744,665) (663,239)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
(Decrease)/Increase in Notes Payable 256,125 13,955 325,370
Repayment of Rate Reduction Bonds (43,210) (43,210) (52,332)
Issuance of Long-Term Debt 3,230,000 2,760,000 1,520,000
Retirement of Long-Term Debt (1,142,500) (327,236) (801,078)
Other Financing Activities (46,625) 14,273 (1,006)
Net Cash Flows Provided by Financing Activities 1,440,832 2,594,590 1,172,450
Net (Decrease)/Increase in Cash and Restricted Cash (43,942) 147,887 (92,261)
Cash and Restricted Cash - Beginning of Year 264,950 117,063 209,324
Cash and Restricted Cash - End of Year 221,008 264,950 117,063
Hingham Water System      
Investing Activities:      
Proceeds from the Sale of Generation Assets $ 0 $ 110,536 $ 0