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SCHEDULE I - FINANCIAL INFORMATION OF REGISTRANT | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
SCHEDULE I - FINANCIAL INFORMATION OF REGISTRANT | SCHEDULE I EVERSOURCE ENERGY (PARENT) FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS AS OF DECEMBER 31, 2022 AND 2021 (Thousands of Dollars)
| 2022 |  | 2021
ASSETS |  |  |
Current Assets: |  |  |
Cash | $ | 971 |  |  | $ | 175 |
Accounts Receivable from Subsidiaries | 53,338 |  |  | 43,403 |
Notes Receivable from Subsidiaries | 1,074,800 |  |  | 1,245,900 |
Prepayments and Other Current Assets | 23,597 |  |  | 11,974 |
Total Current Assets | 1,152,706 |  |  | 1,301,452 |
Deferred Debits and Other Assets: |  |  |
Investments in Subsidiary Companies, at Equity | 18,379,840 |  |  | 16,108,190 |
Notes Receivable from Subsidiaries | 1,896,500 |  |  | 1,001,000 |
Accumulated Deferred Income Taxes | — |  |  | 17,409 |
Goodwill | 3,852,524 |  |  | 3,852,524 |
Other Long-Term Assets | 108,867 |  |  | 101,710 |
Total Deferred Debits and Other Assets | 24,237,731 |  |  | 21,080,833 |
Total Assets | $ | 25,390,437 |  |  | $ | 22,382,285 |
LIABILITIES AND CAPITALIZATION |  |  |
Current Liabilities: |  |  |
Notes Payable | $ | 1,442,200 |  |  | $ | 1,342,950 |
Long-Term Debt - Current Portion | 1,207,047 |  |  | 767,681 |
Accounts Payable to Subsidiaries | 33,530 |  |  | 37,609 |
Other Current Liabilities | 112,807 |  |  | 87,745 |
Total Current Liabilities | 2,795,584 |  |  | 2,235,985 |
Deferred Credits and Other Liabilities: |  |  |
Accumulated Deferred Income Taxes | 8,498 |  |  | — |
Other Long-Term Liabilities | 140,393 |  |  | 150,616 |
Total Deferred Credits and Other Liabilities | 148,891 |  |  | 150,616 |
Long-Term Debt | 6,972,804 |  |  | 5,395,840 |
Common Shareholders' Equity: |  |  |
Common Shares | 1,799,920 |  |  | 1,789,092 |
Capital Surplus, Paid in | 8,401,731 |  |  | 8,098,514 |
Retained Earnings | 5,527,153 |  |  | 5,005,391 |
Accumulated Other Comprehensive Loss | (39,421) |  |  | (42,275) |
Treasury Stock | (216,225) |  |  | (250,878) |
Common Shareholders' Equity | 15,473,158 |  |  | 14,599,844 |
Total Liabilities and Capitalization | $ | 25,390,437 |  |  | $ | 22,382,285 |
See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of significant accounting matters related to Eversource parent, including Eversource common shares information as described in Note 18, "Common Shares," material obligations and guarantees as described in Note 13, "Commitments and Contingencies," and debt agreements as described in Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt." SCHEDULE I EVERSOURCE ENERGY (PARENT) FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 AND 2020 (Thousands of Dollars, Except Share Information)
| 2022 |  | 2021 |  | 2020
Operating Revenues | $ | — |  |  | $ | — |  |  | $ | — |
Operating Expenses: |  |  |  |  |
Other | 26,708 |  |  | 43,048 |  |  | 28,645 |
Operating Loss | (26,708) |  |  | (43,048) |  |  | (28,645) |
Interest Expense | 237,773 |  |  | 163,613 |  |  | 160,887 |
Other Income, Net: |  |  |  |  |
Equity in Earnings of Subsidiaries | 1,565,474 |  |  | 1,345,199 |  |  | 1,309,630 |
Other, Net | 79,383 |  |  | 47,802 |  |  | 38,546 |
Other Income, Net | 1,644,857 |  |  | 1,393,001 |  |  | 1,348,176 |
Income Before Income Tax Benefit | 1,380,376 |  |  | 1,186,340 |  |  | 1,158,644 |
Income Tax Benefit | (24,499) |  |  | (34,187) |  |  | (46,523) |
Net Income | $ | 1,404,875 |  |  | $ | 1,220,527 |  |  | $ | 1,205,167 |
Basic Earnings per Common Share | $ | 4.05 |  |  | $ | 3.55 |  |  | $ | 3.56 |
Diluted Earnings per Common Share | $ | 4.05 |  |  | $ | 3.54 |  |  | $ | 3.55 |
Weighted Average Common Shares Outstanding: |  |  |  |  |
Basic | 346,783,444 |  |  | 343,972,926 |  |  | 338,836,147 |
Diluted | 347,246,768 |  |  | 344,631,056 |  |  | 339,847,062 |
STATEMENTS OF COMPREHENSIVE INCOME
(Thousands of Dollars) | 2022 |  | 2021 |  | 2020
Net Income | $ | 1,404,875 |  |  | $ | 1,220,527 |  |  | $ | 1,205,167 |
Other Comprehensive Income/(Loss), Net of Tax: |  |  |  |  |
Qualified Cash Flow Hedging Instruments | 20 |  |  | 972 |  |  | 1,596 |
Changes in Unrealized (Losses)/Gains on Marketable Securities | (1,636) |  |  | (671) |  |  | 342 |
Changes in Funded Status of Pension, SERP and PBOP Benefit Plans | 4,470 |  |  | 33,835 |  |  | (13,290) |
Other Comprehensive Income/(Loss), Net of Tax | 2,854 |  |  | 34,136 |  |  | (11,352) |
Comprehensive Income | $ | 1,407,729 |  |  | $ | 1,254,663 |  |  | $ | 1,193,815 |
See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of significant accounting matters related to Eversource parent, including Eversource common shares information as described in Note 18, "Common Shares," material obligations and guarantees as described in Note 13, "Commitments and Contingencies," and debt agreements as described in Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt." SCHEDULE I EVERSOURCE ENERGY (PARENT) FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 and 2020 (Thousands of Dollars)
| 2022 |  | 2021 |  | 2020
Operating Activities: |  |  |  |  |
Net Income | $ | 1,404,875 |  |  | $ | 1,220,527 |  |  | $ | 1,205,167 |
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: |  |  |  |  |
Equity in Earnings of Subsidiaries | (1,565,474) |  |  | (1,345,199) |  |  | (1,309,630) |
Cash Dividends Received from Subsidiaries | 855,600 |  |  | 1,037,100 |  |  | 485,800 |
Deferred Income Taxes | 25,823 |  |  | 20,293 |  |  | (4,667) |
Other | 26,455 |  |  | 36,910 |  |  | 39,940 |
Changes in Current Assets and Liabilities: |  |  |  |  |
Accounts Receivables from Subsidiaries | (9,935) |  |  | (3,758) |  |  | (14,575) |
Taxes Receivable/Accrued, Net | (21,627) |  |  | (19,455) |  |  | 35,300 |
Accounts Payable to Subsidiaries | (4,079) |  |  | 19,185 |  |  | 14,091 |
Other Current Assets and Liabilities, Net | 35,090 |  |  | 8,144 |  |  | 21,284 |
Net Cash Flows Provided by Operating Activities | 746,728 |  |  | 973,747 |  |  | 472,710 |
Investing Activities: |  |  |  |  |
Capital Contributions to Subsidiaries | (1,499,300) |  |  | (1,033,000) |  |  | (1,899,340) |
Return of Capital from Subsidiaries | 12,000 |  |  | 178,800 |  |  | 80,000 |
Increase in Notes Receivable from Subsidiaries | (724,400) |  |  | (140,200) |  |  | (264,300) |
Other Investing Activities | (1,289) |  |  | (3,196) |  |  | (367) |
Net Cash Flows Used in Investing Activities | (2,212,989) |  |  | (997,596) |  |  | (2,084,007) |
Financing Activities: |  |  |  |  |
Issuance of Common Shares, Net of Issuance Costs | 197,058 |  |  | — |  |  | 928,992 |
Cash Dividends on Common Shares | (860,033) |  |  | (805,439) |  |  | (744,665) |
Issuance of Long-Term Debt | 2,800,000 |  |  | 1,000,000 |  |  | 1,550,000 |
Retirement of Long-Term Debt | (750,000) |  |  | (450,000) |  |  | — |
Increase/(Decrease) in Notes Payable | 99,250 |  |  | 288,625 |  |  | (170,545) |
Other Financing Activities | (19,193) |  |  | (9,545) |  |  | 46,480 |
Net Cash Flows Provided by Financing Activities | 1,467,082 |  |  | 23,641 |  |  | 1,610,262 |
Net Increase/(Decrease) in Cash and Restricted Cash | 821 |  |  | (208) |  |  | (1,035) |
Cash and Restricted Cash - Beginning of Year | 226 |  |  | 434 |  |  | 1,469 |
Cash and Restricted Cash - End of Year | $ | 1,047 |  |  | $ | 226 |  |  | $ | 434 |
Supplemental Cash Flow Information: |  |  |  |  |
Cash Paid/(Received) During the Year for: |  |  |  |  |
Interest | $ | 215,053 |  |  | $ | 164,568 |  |  | $ | 140,694 |
Income Taxes | $ | (20,992) |  |  | $ | (51,277) |  |  | $ | (43,158) |
See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of significant accounting matters related to Eversource parent, including Eversource common shares information as described in Note 18, "Common Shares," material obligations and guarantees as described in Note 13, "Commitments and Contingencies," and debt agreements as described in Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt."

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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