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S-3
SCHEDULE I
NORTHEAST UTILITIES (PARENT)
FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2009, 2008 AND 2007
(Thousands of Dollars)
2009 2008 2007
Operating Activities:
Net income $ 330,033 $ 260,828 $ 246,483
Adjustments to reconcile net income to net cash
flows provided by/(used in) operating activities:
Equity in earnings of subsidiaries (346,137) (307,908) (247,786)
Cash dividends received from subsidiaries 207,877 215,162 141,891
Deferred income taxes (6,658) (3,164) (14,324)
Other 15,525 12,576 14,837
Changes in current assets and liabilities:
Receivables, including affiliate receivables (861) 883 (906)
Accounts payable, including affiliate payables (35,522) 33,752 1,446
Taxes receivable/accrued 5,591 3,580 (244,675)
Accrued interest and other 2,369 2,451 (441)
Net cash flows provided by/(used in) operating activities 172,217 218,160 (103,475)
Investing Activities:
Capital contributions to subsidiaries (243,688) (323,164) (683,427)
Return of investment in subsidiaries - 30,000 19,869
Decrease/(increase) in NU Money Pool lending 128,700 (84,600) 871,800
Increase in notes receivable from affiliated companies (72,709) (79,504) (42,000)
Other investing activities 2,283 1,557 1,462
Net cash flows (used in)/provided by investing activities (185,414) (455,711) 167,704
Financing Activities:
Issuance of common shares 389,717 5,524 9,056
Cash dividends on common shares (162,381) (129,077) (120,988)
(Decrease)/increase in short-term debt (203,206) 261,519 42,000
Issuance of long-term debt - 250,000 -
Retirements of long-term debt - (150,000) -
Financing fees (12,457) - -
Other financing activities 1,452 585 4,206
Net cash flows provided by/(used in) financing activities 13,125 238,551 (65,726)
Net (decrease)/increase in cash (72) 1,000 (1,497)
Cash - beginning of year 1,294 294 1,791
Cash - end of year $ 1,222 $ 1,294 $ 294
Supplemental Cash Flow Information:
Cash paid/(received) during the year for:
Interest, net of amounts capitalized $ 26,744 $ 27,522 $ 25,580
Income taxes $ (12,848) $ (37,063) $ 259,707