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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, 2012, 2011 and 2010
(Thousands of Dollars)
2012
2011
2010
Operating Activities:
Net Income
$
526,048
$
394,955
$
388,006
Adjustments to Reconcile Net Income to Net Cash
Flows Provided by Operating Activities:
Equity in Earnings of Subsidiaries
(567,529)
(422,408)
(396,333)
Cash Dividends Received from Subsidiaries
374,584
389,292
309,669
Deferred Income Taxes
(25,933)
(15,934)
8,398
Other
20,219
33,238
23,675
Changes in Current Assets and Liabilities:
Receivables, Including Affiliate Receivables
(6,689)
(436)
791
Taxes Receivable/Accrued, Net
5,062
11,537
(28,394)
Accounts Payable, Including Affiliate Payables
37,006
(183)
590
Other Current Assets and Liabilities, Net
22,496
484
(12,656)
Net Cash Flows Provided by Operating Activities
385,264
390,545
293,746
Investing Activities:
Capital Contributions to Subsidiaries
(81,431)
(233,349)
(313,560)
Return of Investment in Subsidiaries
8,207
-
5,000
Decrease in Money Pool Lending
2,200
400
83,300
(Increase)/Decrease in Notes Receivable from Affiliated Companies
(876,500)
19,000
(29,687)
Other Investing Activities
(860)
(2,585)
1,703
Net Cash Flows Used in Investing Activities
(948,384)
(216,534)
(253,244)
Financing Activities:
Cash Dividends on Common Shares
(375,047)
(194,555)
(180,542)
Issuance of Long-Term Debt
300,000
-
-
Retirement of Long-Term Debt
(263,000)
-
-
Increase in Short-Term Debt
894,000
19,000
136,687
Other Financing Activities
7,355
1,338
2,399
Net Cash Flows Provided by/(Used in) Financing Activities
563,308
(174,217)
(41,456)
Net Increase/(Decrease) in Cash
188
(206)
(954)
Cash - Beginning of Year
62
268
1,222
Cash - End of Year
$
250
$
62
$
268
Supplemental Cash Flow Information:
Cash Paid/(Received) During the Year for:
Interest
$
29,849
$
24,951
$
22,886
Income Taxes
$
(33,614)
$
(10,833)
$
1,291
See the Combined Notes to Consolidated Financial Statements in this Annual Report on Form 10-K for a description of significant
accounting matters related to NU parent, including NU common shares information as described in Note 17, "Common Shares,"
material obligations and guarantees as described in Note 12, "Commitments and Contingencies," and debt agreements as described in
Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt."