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v3.23.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Summary of Segment Information and Segmented Total Assets | Eversource's segment information is as follows:
| For the Three Months Ended June 30, 2023
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Operating Revenues | $ | 2,054.4 |  |  | $ | 409.1 |  |  | $ | 480.1 |  |  | $ | 58.1 |  |  | $ | 408.8 |  |  | $ | (781.2) |  |  | $ | 2,629.3 |
Depreciation and Amortization | 82.1 |  |  | (41.7) |  |  | (92.0) |  |  | (14.1) |  |  | (38.0) |  |  | 2.2 |  |  | (101.5) |
Other Operating Expenses | (1,905.2) |  |  | (339.4) |  |  | (136.2) |  |  | (28.6) |  |  | (337.2) |  |  | 779.5 |  |  | (1,967.1) |
Operating Income | $ | 231.3 |  |  | $ | 28.0 |  |  | $ | 251.9 |  |  | $ | 15.4 |  |  | $ | 33.6 |  |  | $ | 0.5 |  |  | $ | 560.7 |
Interest Expense | $ | (68.2) |  |  | $ | (21.5) |  |  | $ | (42.2) |  |  | $ | (9.2) |  |  | $ | (100.6) |  |  | $ | 34.4 |  |  | $ | (207.3) |
Impairment of Offshore Wind Investment | — |  |  | — |  |  | — |  |  | — |  |  | (401.0) |  |  | — |  |  | (401.0) |
Other Income, Net | 47.9 |  |  | 9.7 |  |  | 9.5 |  |  | 1.5 |  |  | 100.9 |  |  | (74.6) |  |  | 94.9 |
Net Income Attributable to Common Shareholders | 165.5 |  |  | 11.7 |  |  | 161.0 |  |  | 9.3 |  |  | (292.4) |  |  | (39.7) |  |  | 15.4 |
| For the Six Months Ended June 30, 2023
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Operating Revenues | $ | 4,643.0 |  |  | $ | 1,454.3 |  |  | $ | 938.8 |  |  | $ | 108.3 |  |  | $ | 822.7 |  |  | $ | (1,542.1) |  |  | $ | 6,425.0 |
Depreciation and Amortization | 60.0 |  |  | (118.7) |  |  | (181.9) |  |  | (27.4) |  |  | (74.8) |  |  | 4.3 |  |  | (338.5) |
Other Operating Expenses | (4,247.4) |  |  | (1,069.8) |  |  | (264.5) |  |  | (56.5) |  |  | (676.9) |  |  | 1,538.8 |  |  | (4,776.3) |
Operating Income | $ | 455.6 |  |  | $ | 265.8 |  |  | $ | 492.4 |  |  | $ | 24.4 |  |  | $ | 71.0 |  |  | $ | 1.0 |  |  | $ | 1,310.2 |
Interest Expense | $ | (137.6) |  |  | $ | (42.7) |  |  | $ | (83.7) |  |  | $ | (18.6) |  |  | $ | (185.7) |  |  | $ | 66.4 |  |  | $ | (401.9) |
Impairment of Offshore Wind Investment | — |  |  | — |  |  | — |  |  | — |  |  | (401.0) |  |  | — |  |  | (401.0) |
Other Income, Net | 102.1 |  |  | 18.7 |  |  | 18.9 |  |  | 2.7 |  |  | 666.8 |  |  | (625.3) |  |  | 183.9 |
Net Income Attributable to Common Shareholders | 331.0 |  |  | 181.9 |  |  | 316.1 |  |  | 10.8 |  |  | 224.7 |  |  | (557.9) |  |  | 506.6 |
Cash Flows Used for Investments in Plant | 817.3 |  |  | 371.5 |  |  | 636.9 |  |  | 74.7 |  |  | 139.1 |  |  | — |  |  | 2,039.5 |
| For the Three Months Ended June 30, 2022
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Operating Revenues | $ | 2,004.4 |  |  | $ | 416.2 |  |  | $ | 457.6 |  |  | $ | 54.6 |  |  | $ | 335.7 |  |  | $ | (695.9) |  |  | $ | 2,572.6 |
Depreciation and Amortization | (198.1) |  |  | (39.1) |  |  | (83.3) |  |  | (12.5) |  |  | (33.2) |  |  | 1.6 |  |  | (364.6) |
Other Operating Expenses | (1,636.1) |  |  | (360.7) |  |  | (141.3) |  |  | (27.0) |  |  | (279.4) |  |  | 692.1 |  |  | (1,752.4) |
Operating Income | $ | 170.2 |  |  | $ | 16.4 |  |  | $ | 233.0 |  |  | $ | 15.1 |  |  | $ | 23.1 |  |  | $ | (2.2) |  |  | $ | 455.6 |
Interest Expense | $ | (60.3) |  |  | $ | (16.7) |  |  | $ | (37.5) |  |  | $ | (8.4) |  |  | $ | (53.5) |  |  | $ | 16.3 |  |  | $ | (160.1) |
Other Income, Net | 53.0 |  |  | 10.6 |  |  | 9.3 |  |  | 2.1 |  |  | 354.3 |  |  | (335.4) |  |  | 93.9 |
Net Income Attributable to Common Shareholders | 129.0 |  |  | 7.7 |  |  | 151.5 |  |  | 9.0 |  |  | 316.0 |  |  | (321.3) |  |  | 291.9 |
| For the Six Months Ended June 30, 2022
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Operating Revenues | $ | 4,390.7 |  |  | $ | 1,343.8 |  |  | $ | 892.8 |  |  | $ | 103.1 |  |  | $ | 719.3 |  |  | $ | (1,405.7) |  |  | $ | 6,044.0 |
Depreciation and Amortization | (549.7) |  |  | (91.1) |  |  | (165.3) |  |  | (24.8) |  |  | (63.4) |  |  | 3.3 |  |  | (891.0) |
Other Operating Expenses | (3,481.7) |  |  | (1,018.0) |  |  | (270.5) |  |  | (54.1) |  |  | (610.9) |  |  | 1,400.8 |  |  | (4,034.4) |
Operating Income | $ | 359.3 |  |  | $ | 234.7 |  |  | $ | 457.0 |  |  | $ | 24.2 |  |  | $ | 45.0 |  |  | $ | (1.6) |  |  | $ | 1,118.6 |
Interest Expense | $ | (119.8) |  |  | $ | (32.5) |  |  | $ | (70.6) |  |  | $ | (16.5) |  |  | $ | (100.3) |  |  | $ | 26.4 |  |  | $ | (313.3) |
Other Income, Net | 100.5 |  |  | 20.8 |  |  | 18.2 |  |  | 4.2 |  |  | 850.2 |  |  | (828.5) |  |  | 165.4 |
Net Income Attributable to Common Shareholders | 269.9 |  |  | 171.7 |  |  | 300.0 |  |  | 12.7 |  |  | 784.7 |  |  | (803.7) |  |  | 735.3 |
Cash Flows Used for Investments in Plant | 541.8 |  |  | 275.4 |  |  | 543.6 |  |  | 65.6 |  |  | 122.7 |  |  | — |  |  | 1,549.1 |
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 June 30, 2023 | $ | 27,932.6 |  |  | $ | 8,089.8 |  |  | $ | 14,054.2 |  |  | $ | 2,817.2 |  |  | $ | 27,475.0 |  |  | $ | (25,829.1) |  |  | $ | 54,539.7 |
As of December 31, 2022 | 27,365.0 |  |  | 8,084.9 |  |  | 13,369.5 |  |  | 2,783.8 |  |  | 26,365.2 |  |  | (24,737.5) |  |  | 53,230.9 |

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- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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