XML 61 R41.htm IDEA: XBRL DOCUMENT
v3.21.2

SEGMENT INFORMATION (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Segment Reporting [Abstract] |
Summary of Segment Information and Segmented Total Assets | Eversource's segment information is as follows:
| For the Three Months Ended September 30, 2021
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Operating Revenues | $ | 2,055.2 |  |  | $ | 185.5 |  |  | $ | 418.3 |  |  | $ | 61.8 |  |  | $ | 326.1 |  |  | $ | (614.1) |  |  | $ | 2,432.8 |
Depreciation and Amortization | (179.8) |  |  | (28.5) |  |  | (75.4) |  |  | (11.5) |  |  | (28.0) |  |  | 1.1 |  |  | (322.1) |
Other Operating Expenses | (1,640.5) |  |  | (176.9) |  |  | (122.4) |  |  | (26.1) |  |  | (275.2) |  |  | 613.7 |  |  | (1,627.4) |
Operating Income/(Loss) | $ | 234.9 |  |  | $ | (19.9) |  |  | $ | 220.5 |  |  | $ | 24.2 |  |  | $ | 22.9 |  |  | $ | 0.7 |  |  | $ | 483.3 |
Interest Expense | $ | (61.0) |  |  | $ | (15.7) |  |  | $ | (33.5) |  |  | $ | (8.0) |  |  | $ | (42.5) |  |  | $ | 12.7 |  |  | $ | (148.0) |
Other Income, Net | 25.4 |  |  | 6.7 |  |  | 5.0 |  |  | 1.2 |  |  | 325.9 |  |  | (320.4) |  |  | 43.8 |
Net Income/(Loss) Attributable to Common Shareholders | 150.4 |  |  | (22.0) |  |  | 139.4 |  |  | 17.5 |  |  | 304.9 |  |  | (307.0) |  |  | 283.2 |
| For the Nine Months Ended September 30, 2021
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Operating Revenues | $ | 5,632.1 |  |  | $ | 1,277.8 |  |  | $ | 1,230.1 |  |  | $ | 161.0 |  |  | $ | 999.1 |  |  | $ | (1,918.9) |  |  | $ | 7,381.2 |
Depreciation and Amortization | (534.1) |  |  | (108.7) |  |  | (223.4) |  |  | (34.3) |  |  | (83.7) |  |  | 3.1 |  |  | (981.1) |
Other Operating Expenses | (4,531.3) |  |  | (970.6) |  |  | (359.6) |  |  | (76.7) |  |  | (860.3) |  |  | 1,918.9 |  |  | (4,879.6) |
Operating Income | $ | 566.7 |  |  | $ | 198.5 |  |  | $ | 647.1 |  |  | $ | 50.0 |  |  | $ | 55.1 |  |  | $ | 3.1 |  |  | $ | 1,520.5 |
Interest Expense | $ | (175.4) |  |  | $ | (44.2) |  |  | $ | (98.7) |  |  | $ | (24.0) |  |  | $ | (125.9) |  |  | $ | 37.0 |  |  | $ | (431.2) |
Other Income, Net | 76.0 |  |  | 15.2 |  |  | 17.3 |  |  | 3.1 |  |  | 1,059.2 |  |  | (1,046.2) |  |  | 124.6 |
Net Income Attributable to Common Shareholders | 365.4 |  |  | 129.6 |  |  | 412.4 |  |  | 30.0 |  |  | 982.5 |  |  | (1,006.1) |  |  | 913.8 |
Cash Flows Used for Investments in Plant | 764.9 |  |  | 506.4 |  |  | 691.0 |  |  | 91.2 |  |  | 157.6 |  |  | — |  |  | 2,211.1 |
| For the Three Months Ended September 30, 2020
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution (1) |  | Electric Transmission |  | Water Distribution |  | Other (1) |  | Eliminations (1) |  | Total
Operating Revenues | $ | 2,060.3 |  |  | $ | 110.2 |  |  | $ | 389.3 |  |  | $ | 64.1 |  |  | $ | 322.3 |  |  | $ | (602.6) |  |  | $ | 2,343.6 |
Depreciation and Amortization | (182.0) |  |  | (14.8) |  |  | (70.6) |  |  | (10.8) |  |  | (24.1) |  |  | 0.3 |  |  | (302.0) |
Other Operating Expenses | (1,577.0) |  |  | (104.2) |  |  | (120.6) |  |  | (10.2) |  |  | (271.5) |  |  | 603.1 |  |  | (1,480.4) |
Operating Income/(Loss) | $ | 301.3 |  |  | $ | (8.8) |  |  | $ | 198.1 |  |  | $ | 43.1 |  |  | $ | 26.7 |  |  | $ | 0.8 |  |  | $ | 561.2 |
Interest Expense | $ | (53.3) |  |  | $ | (10.1) |  |  | $ | (31.1) |  |  | $ | (8.0) |  |  | $ | (38.7) |  |  | $ | 7.1 |  |  | $ | (134.1) |
Other Income, Net | 16.0 |  |  | 0.7 |  |  | 6.9 |  |  | 1.6 |  |  | 401.0 |  |  | (397.0) |  |  | 29.2 |
Net Income/(Loss) Attributable to Common Shareholders | 205.5 |  |  | (15.4) |  |  | 125.6 |  |  | 23.1 |  |  | 396.6 |  |  | (389.1) |  |  | 346.3 |
| For the Nine Months Ended September 30, 2020
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution (1) |  | Electric Transmission |  | Water Distribution |  | Other (1) |  | Eliminations (1) |  | Total
Operating Revenues | $ | 5,481.9 |  |  | $ | 770.0 |  |  | $ | 1,135.6 |  |  | $ | 166.6 |  |  | $ | 900.7 |  |  | $ | (1,784.3) |  |  | $ | 6,670.5 |
Depreciation and Amortization | (490.0) |  |  | (55.1) |  |  | (206.8) |  |  | (33.1) |  |  | (68.1) |  |  | 1.2 |  |  | (851.9) |
Other Operating Expenses | (4,309.9) |  |  | (592.0) |  |  | (338.5) |  |  | (60.7) |  |  | (771.4) |  |  | 1,787.9 |  |  | (4,284.6) |
Operating Income | $ | 682.0 |  |  | $ | 122.9 |  |  | $ | 590.3 |  |  | $ | 72.8 |  |  | $ | 61.2 |  |  | $ | 4.8 |  |  | $ | 1,534.0 |
Interest Expense | $ | (160.7) |  |  | $ | (32.1) |  |  | $ | (93.8) |  |  | $ | (25.1) |  |  | $ | (119.0) |  |  | $ | 27.6 |  |  | $ | (403.1) |
Other Income, Net | 44.9 |  |  | 2.5 |  |  | 22.7 |  |  | 1.7 |  |  | 1,087.9 |  |  | (1,076.1) |  |  | 83.6 |
Net Income Attributable to Common Shareholders | 450.6 |  |  | 73.3 |  |  | 381.8 |  |  | 35.6 |  |  | 1,035.6 |  |  | (1,043.7) |  |  | 933.2 |
Cash Flows Used for Investments in Plant | 781.2 |  |  | 322.8 |  |  | 732.4 |  |  | 84.0 |  |  | 181.2 |  |  | — |  |  | 2,101.6 |
(1) On October 9, 2020, Eversource completed the CMA asset acquisition, with Yankee Energy System, Inc. (Yankee parent) as the acquiring entity. Yankee parent is the parent company of Yankee Gas, NSTAR Gas, EGMA and Hopkinton LNG Corp. As a result of the acquisition, in the fourth quarter of 2020, our chief operating decision maker assessed the performance of the Natural Gas Distribution segment including Yankee parent. Previously, Yankee parent was presented within Other and its equity in earnings were eliminated in consolidation. Prior comparative periods were revised to conform to the current period segment presentation. The following table summarizes Eversource's segmented total assets:
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
As of September 30, 2021 | $ | 25,604.2 |  |  | $ | 6,865.6 |  |  | $ | 12,123.5 |  |  | $ | 2,444.9 |  |  | $ | 21,624.5 |  |  | $ | (20,648.6) |  |  | $ | 48,014.1 |
As of December 31, 2020 | 24,981.9 |  |  | 6,450.5 |  |  | 11,695.0 |  |  | 2,375.2 |  |  | 22,089.4 |  |  | (21,492.4) |  |  | 46,099.6 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration