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ACQUISITION OF ASSETS OF COLUMBIA GAS OF MASSACHUSETTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combinations [Abstract] |
Preliminary Allocation of the Cash Purchase Price | The allocation of the cash purchase price as of October 9, 2020 is as follows:
(Millions of Dollars) |
Current Assets | $ | 138 |
Restricted Cash | 57 |
PP&E | 1,182 |
Goodwill | 52 |
Other Noncurrent Assets, excluding Goodwill | 131 |
Other Current Liabilities | (81) |
Other Noncurrent Liabilities | (310) |
Cash Purchase Price | $ | 1,169 |
Summary of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information reflects the pro forma combined results of operations of Eversource and the CMA business acquired and reflects the amortization of purchase price adjustments assuming the acquisition had taken place on January 1, 2019. The unaudited pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the consolidated results of operations that would have been achieved or the future consolidated results of operations of Eversource. Pro forma net income excludes the impact of assets and liabilities not assumed by Eversource, such as amounts directly associated with the GLI incident, and non-recurring costs associated with the transaction.
| For the Years Ended December 31,
(Pro forma amounts in millions, except share amounts) | 2020 |  | 2019
Operating Revenues | $ | 9,273 |  |  | $ | 9,103 |
Net Income Attributable to Common Shareholders | 1,265 |  |  | 909 |
Basic EPS | 3.73 |  |  | 2.83 |
Diluted EPS | 3.72 |  |  | 2.82 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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