For the year ending 2025-12-31, ES had $118,937K increase in cash & cash equivalents over the period. -$45,097K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | - | - | - | 1,412,394 |
| Net income/(loss) | 1,699,891 | 819,172 | -434,721 | - |
| Depreciation | 1,568,578 | 1,433,503 | 1,305,840 | 1,194,246 |
| Deferred income taxes | 27,313 | 435,889 | 85,405 | 346,779 |
| Uncollectible expense | 101,141 | 74,069 | 72,468 | 61,876 |
| Pension, serp and pbop income, net | -80,628 | -73,564 | -90,706 | -160,857 |
| Pension and pbop contributions | - | 5,915 | 6,860 | 83,148 |
| Regulatory over/(under) recoveries, net | -13,062 | 919,359 | 151,548 | 205,294 |
| Gain (loss) from litigation settlement | - | 0 | 0 | 72,041 |
| Amortization | -835,909 | -342,864 | 490,117 | 448,892 |
| Cost of removal expenditures | 275,906 | 294,984 | 315,699 | 303,755 |
| Payment in 2022 of withheld property taxes | - | 0 | 0 | -78,446 |
| Losses on offshore wind | 284,000 | 464,019 | 2,167,000 | - |
| Loss on pending sale of aquarion | 0 | -297,000 | - | - |
| Other | 4,826 | 102,450 | 53,026 | 39,192 |
| Receivables and unbilled revenues, net | 364,156 | 432,620 | 124,393 | 470,593 |
| Taxes receivable/accrued, net | -143,331 | -55,502 | -36,357 | -18,358 |
| Accounts payable | 84,192 | 47,082 | -287,637 | 377,657 |
| Other current assets and liabilities, net | -81,671 | -19,529 | 66,202 | 45,583 |
| Net cash flows provided by operating activities | 4,113,572 | 2,159,737 | 1,646,161 | 2,401,293 |
| Investments in property, plant and equipment | 4,158,669 | 4,480,529 | 4,336,849 | 3,441,852 |
| Proceeds from sales of marketable securities | 439,311 | 268,164 | 395,604 | 457,612 |
| Purchases of marketable securities | 416,082 | 242,959 | 336,779 | 424,174 |
| Acquisition of assets of columbia gas of massachusetts, net of restricted cash | - | - | - | 0 |
| Payments for offshore wind contingent liability | 200,842 | - | - | - |
| Investments in unconsolidated affiliates | 701 | 929,688 | 1,680,473 | 742,496 |
| Proceeds from the sale of hingham water system-Hingham Water System | - | - | - | 0 |
| Proceeds from unconsolidated affiliates | - | 862,713 | 1,090,662 | - |
| Proceeds from sales of offshore wind investments | 0 | - | - | - |
| Other investing activities | -30,820 | 13,365 | 2,897 | -20,420 |
| Net cash flows used in investing activities | -4,306,163 | -4,535,664 | -4,870,732 | -4,130,490 |
| Issuance of common shares, net of issuance costs | 465,389 | 989,447 | 0 | 197,058 |
| Cash dividends on common shares | 1,093,074 | 1,001,488 | 918,995 | 860,033 |
| Cash dividends on preferred stock | 7,519 | 7,519 | 7,519 | 7,519 |
| (decrease)/increase in notes payable | -517,348 | -94,959 | 695,552 | -78,170 |
| Repayment of rate reduction bonds | 43,210 | -43,210 | -43,210 | -43,210 |
| Issuance of long-term debt | 2,942,353 | 4,501,623 | 5,198,345 | 4,045,000 |
| Retirement of long-term debt | 1,400,331 | 1,949,995 | 2,008,470 | 1,175,000 |
| Other financing activities | -34,732 | -57,082 | -46,466 | -48,185 |
| Net cash flows provided by financing activities | 311,528 | 2,336,817 | 2,869,237 | 2,029,941 |
| Net increase/(decrease) in cash and restricted cash | 118,937 | -39,110 | -355,334 | 300,744 |
| Cash and cash equivalents at beginning of period | 127,308 | 166,418 | 521,752 | 221,008 |
| Cash and cash equivalents at end of period | 246,245 | 127,308 | 166,418 | 521,752 |
EVERSOURCE ENERGY (ES)
EVERSOURCE ENERGY (ES)