CNLTN: the cash flow

MyFinsight

For the year ending 2025-12-31, CNLTN had $118,937K increase in cash & cash equivalents over the period. -$45,097K in free cash flow.

Cash Flow	2025-12-31
Net income/(loss)	1,699,891
Depreciation	1,568,578
Deferred income taxes	27,313
Uncollectible expense	101,141
Pension, serp and pbop income, net	-80,628
Regulatory over/(under) recoveries, net	-13,062
Amortization	-835,909
Cost of removal expenditures	275,906
Losses on offshore wind	284,000
Loss on pending sale of aquarion	0
Other	4,826
Receivables and unbilled revenues, net	364,156
Taxes receivable/accrued, net	-143,331
Accounts payable	84,192
Other current assets and liabilities, net	-81,671
Net cash flows provided by operating activities	4,113,572
Investments in property, plant and equipment	4,158,669
Proceeds from sales of marketable securities	439,311
Purchases of marketable securities	416,082
Payments for offshore wind contingent liability	200,842
Investments in unconsolidated affiliates	701
Proceeds from sales of offshore wind investments	0
Other investing activities	-30,820
Net cash flows used in investing activities	-4,306,163
Issuance of common shares, net of issuance costs	465,389
Cash dividends on common shares	1,093,074
Cash dividends on preferred stock	7,519
(decrease)/increase in notes payable	-517,348
Repayment of rate reduction bonds	43,210
Issuance of long-term debt	2,942,353
Retirement of long-term debt	1,400,331
Other financing activities	-34,732
Net cash flows provided by financing activities	311,528
Net increase/(decrease) in cash and restricted cash	118,937
Cash and cash equivalents at beginning of period	127,308
Cash and cash equivalents at end of period	246,245

Unit: Thousand (K) dollars (except for numbers of shares and EPS).