| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash Flow from Operating Activities | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
676,000 | 598,000 | 382,000 | 632,000 | 273,000 | 424,000 | -50,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
934,000 | 855,000 | 824,000 | 804,000 | 695,000 | 629,000 | 594,000 |
Asset Impairment Charges | ||||||
0 | 16,000 | 642,000 | 0 | 12,000 | 25,000 | 620,000 |
Accretion expenses | ||||||
12,000 | 12,000 | 10,000 | 10,000 | 14,000 | 14,000 | 14,000 |
Regulatory assets/liabilities amortization and carrying cost | ||||||
64,000 | 73,000 | 62,000 | 49,000 | 101,000 | -38,000 | -2,000 |
Regulatory assets/liabilities carrying cost | ||||||
- | - | - | 13,000 | 41,000 | 35,000 | 21,000 |
Pension cost | ||||||
91,000 | 123,000 | 112,000 | 110,000 | 115,000 | 74,000 | 96,000 |
Stock-based compensation | ||||||
- | - | - | 1,000 | 6,000 | 5,000 | - |
Income (Loss) from Equity Method Investments | ||||||
3,000 | 10,000 | -40,000 | 7,000 | - | 12,000 | -3,000 |
Distributions of earnings received from equity method investments | ||||||
12,000 | 14,000 | 16,000 | - | - | - | - |
Amortization of debt premium | ||||||
- | - | - | -28,000 | 3,000 | 2,000 | - |
Gain on disposal of property and equity method investment | ||||||
- | - | - | 33,000 | - | - | - |
Unrealized (gain) loss on marked-to-market derivative contracts | ||||||
76,000 | -22,000 | -17,000 | 4,000 | -10,000 | 116,000 | -4,000 |
Gain from divestment and disposal of property | ||||||
135,000 | 10,000 | 2,000 | - | - | - | - |
Deferred taxes | ||||||
138,000 | 151,000 | -251,000 | 375,000 | 82,000 | 261,000 | 58,000 |
Other non-cash items | ||||||
51,000 | 27,000 | 73,000 | 23,000 | 5,000 | 3,000 | - |
Changes in operating assets and liabilities: | ||||||
Current assets | ||||||
-126,000 | 117,000 | 89,000 | - | - | - | - |
Noncurrent assets | ||||||
152,000 | 87,000 | -218,000 | - | - | - | - |
Current liabilities | ||||||
-5,000 | 98,000 | 116,000 | - | - | - | - |
Noncurrent liabilities | ||||||
-38,000 | 80,000 | -261,000 | - | - | - | - |
Accounts receivable and unbilled revenues | ||||||
- | - | - | 158,000 | -160,000 | 1,000 | -56,000 |
Inventories | ||||||
- | - | - | -46,000 | -4,000 | -58,000 | 1,000 |
Other assets | ||||||
- | - | - | -107,000 | 39,000 | 100,000 | 126,000 |
Cash distribution from equity method investments | ||||||
- | - | - | 14,000 | - | - | - |
Accounts payable and accrued liabilities | ||||||
- | - | - | 184,000 | -10,000 | 27,000 | -208,000 |
Other liabilities | ||||||
- | - | - | -447,000 | -194,000 | -115,000 | 123,000 |
Taxes accrued | ||||||
- | - | - | -3,000 | 21,000 | -13,000 | 2,000 |
Increase (Decrease) in Regulatory Assets and Liabilities | ||||||
- | - | - | 81,000 | -74,000 | -175,000 | 27,000 |
Net Cash Provided by Operating Activities | ||||||
1,593,000 | 1,791,000 | 1,763,000 | 1,561,000 | 1,363,000 | 1,331,000 | 1,177,000 |
Cash Flow from Investing Activities | ||||||
Payments to Acquire Property, Plant, and Equipment | ||||||
2,740,000 | 1,787,000 | 2,416,000 | 1,707,000 | 1,082,000 | 1,030,000 | 944,000 |
Contributions in aid of construction | ||||||
74,000 | 60,000 | 57,000 | 69,000 | 38,000 | 43,000 | 24,000 |
Proceeds from sale of equity method and other investment | ||||||
108,000 | 186,000 | 0 | 57,000 | 3,000 | 31,000 | - |
Government grants | ||||||
- | - | - | - | 17,000 | 4,000 | 31,000 |
Acquisition of business, net of $48 million cash acquired | ||||||
- | - | - | - | 547,000 | - | - |
Proceeds from sale of property, plant and equipment | ||||||
18,000 | 18,000 | 12,000 | 50,000 | - | - | 2,000 |
Payments to Acquire Interest in Subsidiaries and Affiliates | ||||||
2,000 | 0 | 0 | - | - | - | - |
Receipts from affiliates | ||||||
- | - | - | -6,000 | 6,000 | -10,000 | - |
Distributions received from equity method investments | ||||||
5,000 | 4,000 | 4,000 | 6,000 | 12,000 | 19,000 | - |
Other investments and equity method investments, net | ||||||
176,000 | 45,000 | -2,000 | 8,000 | -47,000 | -35,000 | -19,000 |
Net Cash Used in Investing Activities | ||||||
-2,713,000 | -1,564,000 | -2,341,000 | -1,527,000 | -1,518,000 | -888,000 | -868,000 |
Cash Flow from Financing Activities | ||||||
Capital contributions from Parent | ||||||
- | - | - | - | - | - | 153,000 |
Non-current debt issuances | ||||||
2,137,000 | 597,000 | 888,000 | 493,000 | 350,000 | - | 225,000 |
Repayments of non-current debt | ||||||
346,000 | 217,000 | 305,000 | 355,000 | 141,000 | 27,000 | 273,000 |
(Repayments) receipts of other short-term debt, net | ||||||
28,000 | 201,000 | 625,000 | -2,000 | 10,000 | -14,000 | -165,000 |
Proceeds from sales leaseback | ||||||
- | - | - | - | - | - | 110,000 |
Repayments of financing leases | ||||||
27,000 | 13,000 | 33,000 | 12,000 | 12,000 | 21,000 | 21,000 |
Payments on tax equity financing arrangements | ||||||
0 | 0 | 113,000 | 88,000 | 102,000 | 119,000 | 173,000 |
Dividends to noncontrolling interests | ||||||
- | - | - | - | 3,000 | 3,000 | - |
Repurchase of common stock | ||||||
0 | 4,000 | 3,000 | 5,000 | - | - | - |
Issuance of common stock | ||||||
0 | 2,000 | 1,000 | 2,000 | - | - | - |
Distributions to noncontrolling interests | ||||||
63,000 | 76,000 | 0 | 0 | - | - | - |
Contributions from noncontrolling interests | ||||||
133,000 | 223,000 | 5,000 | 0 | - | 4,000 | - |
Dividends paid | ||||||
545,000 | 537,000 | 535,000 | 401,000 | - | - | - |
Net Cash Provided by Financing Activities | ||||||
1,261,000 | -230,000 | 528,000 | -372,000 | 102,000 | -180,000 | -144,000 |
Net Decrease in Cash, Cash Equivalents and Restricted Cash | ||||||
141,000 | -3,000 | -50,000 | -338,000 | -53,000 | 263,000 | 165,000 |
Supplemental Cash Flow Information | ||||||
Cash paid for interest, net of amounts capitalized | ||||||
266,000 | 224,000 | 202,000 | 229,000 | 132,000 | 133,000 | 147,000 |
Cash paid for income taxes | ||||||
2,000 | -13,000 | 13,000 | 9,000 | 7,000 | 21,000 | -30,000 |
Avangrid, Inc | ||||||
Income (Loss) from Equity Method Investments | ||||||
- | - | - | 567,000 | - | - | - |
Net Cash Provided by Operating Activities | ||||||
- | - | - | 324,000 | - | - | - |
Notes receivable from subsidiaries | ||||||
- | - | - | 627,000 | - | - | - |
Investments in subsidiaries | ||||||
- | - | - | 533,000 | - | - | - |
Return of capital from investments in subsidiaries | ||||||
- | - | - | 420,000 | - | - | - |
Net Cash Used in Investing Activities | ||||||
- | - | - | -740,000 | - | - | - |
Proceeds from Issuance of Long-term Debt | ||||||
- | - | - | 483,000 | - | - | - |
Proceeds (repayments) of short-term notes payable from subsidiaries, net | ||||||
- | - | - | -133,000 | - | - | - |
Proceeds from short-term notes payable | ||||||
- | - | - | 150,000 | - | - | - |
Repurchase of common stock | ||||||
- | - | - | 5,000 | - | - | - |
Issuance of common stock | ||||||
- | - | - | 2,000 | - | - | - |
Dividends paid | ||||||
- | - | - | 401,000 | - | - | - |
Net Cash (Used in) Provided by Financing Activities | ||||||
- | - | - | 358,000 | - | - | - |
Net Decrease in Cash, Cash Equivalents and Restricted Cash | ||||||
- | - | - | -58,000 | - | - | - |
Cash paid for interest, net of amounts capitalized | ||||||
- | - | - | 4,000 | - | - | - |
Cash (refund) payment for income taxes | ||||||
- | - | - | 71,000 | - | - | - |
Avangrid, Inc [Member] | ||||||