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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities    
Net income $ 816 $ 605
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 535 446
Amortization 88 126
Defined benefit plans - expense 84 71
Deferred income taxes and investment tax credits 364 337
Unrealized (gains) losses on derivatives, and other hedging activities (209) (165)
Other 25 67
Change in current assets and current liabilities    
Accounts receivable 21 (36)
Accounts payable (126) (60)
Unbilled revenues 72 194
Prepayments (97) 111
Counterparty collateral 57 (258)
Taxes 29 (63)
Accrued interest (87) (9)
Other (71) 36
Other operating activities    
Defined benefit plans - funding (493) (550)
Other assets (16) (42)
Other liabilities (45) 4
Net cash provided by (used in) operating activities 947 814
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (1,309) (1,003)
Proceeds from the sale of certain non-core generation facilities 0 381
Ironwood Acquisition, net of cash acquired (84) 0
Acquisition of WPD Midlands 0 (5,763)
Purchases of nuclear plant decommissioning trust investments (85) (107)
Proceeds from the sale of nuclear plant decommissioning trust investments 79 100
Proceeds from the sale of other investments 21 163
Net (increase) decrease in restricted cash and cash equivalents 54 (22)
Other investing activities (29) (48)
Net cash provided by (used in) investing activities (1,353) (6,299)
Cash Flows from Financing Activities    
Issuance of long-term debt 575 4,350
Issuance of common stock 35 2,266
Payment of common stock dividends (413) (340)
Redemption of preference stock of a subsidiary (250) 0
Net increase (decrease) in short-term debt 311 (321)
Other financing activities (67) (108)
Net cash provided by (used in) financing activities 191 5,847
Effect of Exchange Rates on Cash and Cash Equivalents (6) (18)
Net Increase (Decrease) in Cash and Cash Equivalents (221) 344
Cash and Cash Equivalents at Beginning of Period 1,202 925
Cash and Cash Equivalents at End of Period 981 1,269
PPL Energy Supply LLC [Member]
   
Cash Flows from Operating Activities    
Net income 328 303
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 133 120
Amortization 57 50
Defined benefit plans - expense 22 17
Deferred income taxes and investment tax credits 165 186
Unrealized (gains) losses on derivatives, and other hedging activities (216) (163)
Other 28 29
Change in current assets and current liabilities    
Accounts receivable (2) 57
Accounts payable (57) (104)
Unbilled revenues 61 126
Fuel, materials and supplies (74) (26)
Counterparty collateral 57 (258)
Taxes (58) 31
Other (40) (43)
Other operating activities    
Defined benefit plans - funding (69) (137)
Other assets (19) (25)
Other liabilities (8) 25
Net cash provided by (used in) operating activities 308 188
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (316) (324)
Proceeds from the sale of certain non-core generation facilities 0 381
Ironwood Acquisition, net of cash acquired (84) 0
Purchases of nuclear plant decommissioning trust investments (85) (107)
Proceeds from the sale of nuclear plant decommissioning trust investments 79 100
Net (increase) decrease in notes receivable from affiliates 198 (37)
Net (increase) decrease in restricted cash and cash equivalents 57 (14)
Other investing activities (22) (35)
Net cash provided by (used in) investing activities (173) (36)
Cash Flows from Financing Activities    
Contributions from member 472 168
Distributions to member (657) (134)
Cash included in net assets of subsidiary distributed to member 0 (325)
Net increase (decrease) in short-term debt 120 (100)
Other financing activities (3) 0
Net cash provided by (used in) financing activities (68) (391)
Net Increase (Decrease) in Cash and Cash Equivalents 67 (239)
Cash and Cash Equivalents at Beginning of Period 379 661
Cash and Cash Equivalents at End of Period 446 422
PPL Electric Utilities Corp [Member]
   
Cash Flows from Operating Activities    
Net income 66 [1] 96 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 78 70
Amortization 9 0
Defined benefit plans - expense 11 9
Deferred income taxes and investment tax credits 59 (19)
Other 5 2
Change in current assets and current liabilities    
Accounts receivable 19 (48)
Accounts payable (37) (75)
Unbilled revenues 11 47
Prepayments (18) 38
Regulatory assets and liabilities, net (12) 63
Taxes 0 10
Other (11) (16)
Other operating activities    
Defined benefit plans - funding (54) (102)
Other assets 2 (7)
Other liabilities (27) (5)
Net cash provided by (used in) operating activities 101 63
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (256) (244)
Other investing activities (1) 4
Net cash provided by (used in) investing activities (257) (240)
Cash Flows from Financing Activities    
Payment of common stock dividends to parent (56) (52)
Redemption of preference stock of a subsidiary (250) 0
Net increase (decrease) in notes payable to affiliates 0 37
Net increase (decrease) in short-term debt 195 0
Distributions on preference stock (8) (8)
Net cash provided by (used in) financing activities (119) (23)
Net Increase (Decrease) in Cash and Cash Equivalents (275) (200)
Cash and Cash Equivalents at Beginning of Period 320 204
Cash and Cash Equivalents at End of Period 45 4
LG And E And KU Energy LLC [Member]
   
Cash Flows from Operating Activities    
Net income 97 [1] 128 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 172 165
Amortization 14 13
Defined benefit plans - expense 20 25
Deferred income taxes and investment tax credits 56 146
Other (2) (15)
Change in current assets and current liabilities    
Accounts receivable (11) 17
Accounts payable 17 (20)
Unbilled revenues 1 38
Fuel, materials and supplies 1 42
Income tax receivable 2 40
Taxes 33 (6)
Other (8) (18)
Other operating activities    
Defined benefit plans - funding (62) (157)
Other assets 0 (1)
Other liabilities 24 10
Net cash provided by (used in) operating activities 354 407
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (324) (180)
Proceeds from the sale of other investments 0 163
Net (increase) decrease in notes receivable from affiliates 3 (29)
Net (increase) decrease in restricted cash and cash equivalents (2) (4)
Net cash provided by (used in) investing activities (323) (50)
Cash Flows from Financing Activities    
Distributions to member (60) (146)
Net increase (decrease) in short-term debt 0 (163)
Debt issuance and credit facility costs (1) (3)
Net cash provided by (used in) financing activities (61) (312)
Net Increase (Decrease) in Cash and Cash Equivalents (30) 45
Cash and Cash Equivalents at Beginning of Period 59 11
Cash and Cash Equivalents at End of Period 29 56
Louisville Gas And Electric Co [Member]
   
Cash Flows from Operating Activities    
Net income 51 [1] 59 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 76 73
Amortization 6 6
Defined benefit plans - expense 9 11
Deferred income taxes and investment tax credits 28 27
Other (6) 0
Change in current assets and current liabilities    
Accounts receivable (11) 24
Accounts payable 11 (11)
Accounts payable to affiliates (10) (7)
Unbilled revenues 6 27
Fuel, materials and supplies 6 41
Other 19 (9)
Other operating activities    
Defined benefit plans - funding (25) (67)
Other assets (1) 0
Other liabilities 1 3
Net cash provided by (used in) operating activities 160 177
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (120) (79)
Proceeds from the sale of other investments 0 163
Net (increase) decrease in notes receivable from affiliates (6) 0
Net (increase) decrease in restricted cash and cash equivalents (2) (4)
Net cash provided by (used in) investing activities (128) 80
Cash Flows from Financing Activities    
Payment of common stock dividends to parent (31) (42)
Net increase (decrease) in notes payable to affiliates 0 (12)
Net increase (decrease) in short-term debt 0 (163)
Debt issuance and credit facility costs (1) (1)
Net cash provided by (used in) financing activities (32) (218)
Net Increase (Decrease) in Cash and Cash Equivalents 0 39
Cash and Cash Equivalents at Beginning of Period 25 2
Cash and Cash Equivalents at End of Period 25 41
Kentucky Utilities Co [Member]
   
Cash Flows from Operating Activities    
Net income 68 [1] 88 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 96 92
Amortization 7 6
Defined benefit plans - expense 5 7
Deferred income taxes and investment tax credits 53 49
Other 0 (10)
Change in current assets and current liabilities    
Accounts receivable (24) 15
Accounts payable 12 2
Accounts payable to affiliates 1 (19)
Unbilled revenues (5) 11
Fuel, materials and supplies (3) 1
Other 15 (15)
Other operating activities    
Defined benefit plans - funding (18) (45)
Other assets 0 (1)
Other liabilities 10 4
Net cash provided by (used in) operating activities 217 185
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (203) (101)
Net cash provided by (used in) investing activities (203) (101)
Cash Flows from Financing Activities    
Payment of common stock dividends to parent (48) (68)
Net increase (decrease) in notes payable to affiliates 6 (10)
Debt issuance and credit facility costs 0 (2)
Net cash provided by (used in) financing activities (42) (80)
Net Increase (Decrease) in Cash and Cash Equivalents (28) 4
Cash and Cash Equivalents at Beginning of Period 31 3
Cash and Cash Equivalents at End of Period $ 3 $ 7
[1] Net income approximates comprehensive income.