XML 81 R53.htm IDEA: XBRL DOCUMENT v3.25.0.1
SCHEDULE I - FINANCIAL INFORMATION OF REGISTRANT
 12 Months Ended
Dec. 31, 2024
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, 2024 AND 2023
(Thousands of Dollars)
 20242023
ASSETS  
Current Assets:  
Cash$1,083 $542 
Accounts Receivable from Subsidiaries100,320 60,191 
Notes Receivable from Subsidiaries2,051,400 2,045,570 
Prepayments and Other Current Assets, Including Assets Held for Sale96,313 103,735 
Total Current Assets2,249,116 2,210,038 
Deferred Debits and Other Assets: 
Investments in Subsidiary Companies, at Equity20,080,215 17,977,812 
Notes Receivable from Subsidiaries2,296,500 2,296,500 
Accumulated Deferred Income Taxes113,718 10,131 
Goodwill3,231,811 3,852,524 
Long-Term Assets Held for Sale335,393 — 
Other Long-Term Assets24,582 28,287 
Total Deferred Debits and Other Assets26,082,219 24,165,254 
Total Assets$28,331,335 $26,375,292 
LIABILITIES AND CAPITALIZATION 
Current Liabilities: 
Notes Payable$1,538,011 $1,564,575 
Long-Term Debt - Current Portion600,000 364,653 
Accounts Payable to Subsidiaries45,326 38,051 
Accrued Interest168,748 106,070 
Other Current Liabilities57,923 41,268 
Total Current Liabilities2,410,008 2,114,617 
Deferred Credits and Other Liabilities:
Long-Term Liabilities Held for Sale15,028 — 
Other Long-Term Liabilities137,656 134,432 
Total Deferred Credits and Other Liabilities152,684 134,432 
Long-Term Debt10,729,256 9,952,351 
Common Shareholders' Equity:  
Common Shares1,878,622 1,799,920 
Capital Surplus, Paid in9,428,905 8,460,876 
Retained Earnings3,929,141 4,142,515 
Accumulated Other Comprehensive Loss(26,472)(33,737)
Treasury Stock(170,809)(195,682)
Common Shareholders' Equity15,039,387 14,173,892 
Total Liabilities and Capitalization$28,331,335 $26,375,292 

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 the pending sale of Aquarion as described in Note 24, “Assets Held for Sale,” 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/(LOSS)

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
(Thousands of Dollars, Except Share Information)
 202420232022
Operating Revenues$4,442 $840 $— 
Operating Expenses:   
   Other20 12,769 26,708 
   Loss on Pending Sale of Aquarion297,000 — — 
Total Operating Expenses297,020 12,769 26,708 
Operating Loss(292,578)(11,929)(26,708)
Interest Expense549,511 397,281 237,773 
Other Income, Net:   
   Equity in Earnings/(Losses) of Subsidiaries1,359,297 (312,040)1,565,474 
   Other, Net214,444 188,003 79,383 
Other Income/(Loss), Net1,573,741 (124,037)1,644,857 
Income/(Loss) Before Income Tax Benefit731,652 (533,247)1,380,376 
Income Tax Benefit(80,001)(91,007)(24,499)
Net Income/(Loss)$811,653 $(442,240)$1,404,875 
Basic Earnings/(Loss) per Common Share$2.27 $(1.27)$4.05 
Diluted Earnings/(Loss) per Common Share$2.27 $(1.26)$4.05 
Weighted Average Common Shares Outstanding:   
   Basic357,482,965 349,580,638 346,783,444 
   Diluted357,779,408 349,840,481 347,246,768 


STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
(Thousands of Dollars)202420232022
Net Income/(Loss)$811,653 $(442,240)$1,404,875 
Other Comprehensive Income, Net of Tax:   
   Qualified Cash Flow Hedging Instruments20 20 20 
   Changes in Unrealized Gains/(Losses) on Marketable Securities— 1,252 (1,636)
   Changes in Funded Status of Pension, SERP and PBOP Benefit Plans7,245 4,412 4,470 
Other Comprehensive Income, Net of Tax7,265 5,684 2,854 
Comprehensive Income/(Loss)$818,918 $(436,556)$1,407,729 

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 the pending sale of Aquarion as described in Note 24, “Assets Held for Sale,” 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, 2024, 2023 and 2022
(Thousands of Dollars)
 202420232022
Operating Activities:   
Net Income/(Loss)$811,653 $(442,240)$1,404,875 
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: 
Equity in (Earnings)/Losses of Subsidiaries(1,359,297)312,040 (1,565,474)
Cash Dividends Received from Subsidiaries1,273,700 1,027,400 855,600 
Deferred Income Taxes(99,692)(22,256)25,823 
Loss on Pending Sale of Aquarion297,000 — — 
Other57,469 (12,834)26,455 
Changes in Current Assets and Liabilities:
Accounts Receivables from Subsidiaries(40,129)(6,853)(9,935)
Taxes Receivable/Accrued, Net22,464 (80,968)(21,627)
Accounts Payable to Subsidiaries7,275 4,521 (4,079)
Other Current Assets and Liabilities, Net58,572 35,357 35,090 
Net Cash Flows Provided by Operating Activities1,029,015 814,167 746,728 
 
Investing Activities:   
Capital Contributions to Subsidiaries(2,026,500)(1,369,700)(1,499,300)
Return of Capital from Subsidiaries17,000 438,000 12,000 
Increase/(Decrease) in Notes Receivable from Subsidiaries201,500 (1,578,100)(724,400)
Other Investing Activities— 147,567 (1,289)
Net Cash Flows Used in Investing Activities(1,808,000)(2,362,233)(2,212,989)
Financing Activities:   
Issuance of Common Shares, Net of Issuance Costs989,447 — 197,058 
Cash Dividends on Common Shares(1,001,488)(918,995)(860,033)
Issuance of Long-Term Debt2,400,000 3,350,000 2,800,000 
Retirement of Long-Term Debt(1,350,000)(1,200,000)(750,000)
(Decrease)/Increase in Notes Payable(233,894)329,705 99,250 
Other Financing Activities(24,539)(13,076)(19,193)
Net Cash Flows Provided by Financing Activities779,526 1,547,634 1,467,082 
Net Increase/(Decrease) in Cash and Restricted Cash541 (432)821 
Cash and Restricted Cash - Beginning of Year615 1,047 226 
Cash and Restricted Cash - End of Year$1,156 $615 $1,047 
Supplemental Cash Flow Information:   
Cash Paid/(Received) During the Year for:   
Interest$483,101 $366,645 $215,053 
Income Taxes$443 $23,984 $(20,992)

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 the pending sale of Aquarion as described in Note 24, “Assets Held for Sale,” 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."