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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities:      
Net Income/(Loss) $ 819,172 $ (434,721) $ 1,412,394
Adjustments to Reconcile Net Income/(Loss) to Net Cash Flows Provided by Operating Activities:      
Depreciation 1,433,503 1,305,840 1,194,246
Deferred Income Taxes 435,889 85,405 346,779
Uncollectible Expense 74,069 72,468 61,876
Pension, SERP and PBOP Income, Net (73,564) (90,706) (160,857)
Pension and PBOP Contributions (5,915) (6,860) (83,148)
Regulatory Under Recoveries, Net (919,359) (151,548) (205,294)
Gain (Loss) from Litigation Settlement 0 0 (72,041)
Amortization 342,864 (490,117) 448,892
Cost of Removal Expenditures (294,984) (315,699) (303,755)
Payment in 2022 of Withheld Property Taxes 0 0 (78,446)
Losses on Offshore Wind Investments 464,019 2,167,000 0
Loss on Pending Sale of Aquarion 297,000 0 0
Other (102,450) (53,026) (39,192)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (432,620) (124,393) (470,593)
Taxes Receivable/Accrued, Net 55,502 36,357 18,358
Accounts Payable 47,082 (287,637) 377,657
Other Current Assets and Liabilities, Net 19,529 (66,202) (45,583)
Net Cash Flows Provided by Operating Activities 2,159,737 1,646,161 2,401,293
Investing Activities:      
Investments in Property, Plant and Equipment (4,480,529) (4,336,849) (3,441,852)
Proceeds from Sales of Marketable Securities 268,164 395,604 457,612
Purchases of Marketable Securities (242,959) (336,779) (424,174)
Investments in Unconsolidated Affiliates (929,688) (1,680,473) (742,496)
Proceeds from Unconsolidated Affiliates 862,713 1,090,662 0
Other Investing Activities (13,365) (2,897) 20,420
Net Cash Flows Used in Investing Activities (4,535,664) (4,870,732) (4,130,490)
Financing Activities:      
Issuance of Common Shares, Net of Issuance Costs 989,447 0 197,058
Cash Dividends on Common Shares (1,001,488) (918,995) (860,033)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
Increase/(Decrease) in Notes Payable (94,959) 695,552 (78,170)
Repayment of Rate Reduction Bonds (43,210) (43,210) (43,210)
Issuance of Long-Term Debt 4,501,623 5,198,345 4,045,000
Retirement of Long-Term Debt (1,949,995) (2,008,470) (1,175,000)
Other Financing Activities (57,082) (46,466) (48,185)
Net Cash Flows Provided by Financing Activities 2,336,817 2,869,237 2,029,941
Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash (39,110) (355,334) 300,744
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 166,418 521,752 221,008
Cash, Cash Equivalents and Restricted Cash - End of Year $ 127,308 $ 166,418 $ 521,752