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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Revenues      
Utility $ 7,201 $ 6,808 $ 6,292
Unregulated wholesale energy 3,044 4,126 5,212
Unregulated retail energy 1,027 844 726
Energy-related businesses 588 508 507
Total Operating Revenues 11,860 12,286 12,737
Operation      
Fuel 1,944 1,837 1,946
Energy purchases 1,967 2,555 3,253
Other operation and maintenance 2,825 2,835 2,667
Loss on lease termination 697      
Depreciation 1,161 1,100 960
Taxes, other than income 364 366 326
Energy-related businesses 563 484 484
Total Operating Expenses 9,521 9,177 9,636
Operating Income (Loss) 2,339 3,109 3,101
Other Income (Expense) - net (23) (39) 4
Other-Than-Temporary Impairments 1 27 6
Interest Expense 1,006 961 898
Income (Loss) Before Income Taxes 1,309 2,082 2,201
Income Taxes 180 545 691
Income (Loss) from Continuing Operations After Income Taxes 1,129 1,537 1,510
Income (Loss) from Discontinued Operations (net of income taxes) 2 (6) 2
Net Income (Loss) 1,131 1,531 1,512
Net Income (Loss) Attributable to Noncontrolling Interests 1 5 17
Net Income (Loss) Attributable to Shareowners 1,130 1,526 1,495
Amounts Attributable to Shareowners:      
Income from Continuing Operations After Income Taxes 1,128 1,532 1,493
Income (Loss) from Discontinued Operations (net of income taxes) 2 (6) 2
Net Income (Loss) 1,130 1,526 1,495
Income from Continuing Operations After Income Taxes Available to PPL Common Shareowners:      
Basic (in dollars per share) $ 1.85 $ 2.62 $ 2.70
Diluted (in dollars per share) $ 1.76 $ 2.61 $ 2.70
Net Income Available to PPL Common Shareowners:      
Basic (in dollars per share) $ 1.85 $ 2.61 $ 2.71
Diluted (in dollars per share) $ 1.76 $ 2.60 $ 2.70
Dividends Declared Per Share of Common Stock $ 1.47 $ 1.44 $ 1.40
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic 608,983 580,276 550,395
Diluted 663,073 581,626 550,952
PPL Energy Supply LLC [Member]
     
Operating Revenues      
Unregulated wholesale energy 3,044 4,126 5,212
Unregulated retail energy 1,031 848 727
Revenue to affiliates 51 78 26
Energy-related businesses 527 448 464
Total Operating Revenues 4,653 5,500 6,429
Operation      
Fuel 1,049 965 1,080
Energy purchases 1,168 1,818 2,283
Energy purchases from affiliates 3 3 3
Other operation and maintenance 1,072 1,041 929
Loss on lease termination 697      
Depreciation 318 285 244
Taxes, other than income 66 69 71
Energy-related businesses 512 432 458
Total Operating Expenses 4,885 4,613 5,068
Operating Income (Loss) (232) 887 1,361
Other Income (Expense) - net 30 18 23
Other-Than-Temporary Impairments 1 1 6
Interest Income from Affiliates 3 2 8
Interest Expense 171 168 174
Income (Loss) Before Income Taxes (371) 738 1,212
Income Taxes (142) [1] 263 [1] 445 [1]
Income (Loss) from Continuing Operations After Income Taxes (229) 475 767
Income (Loss) from Discontinued Operations (net of income taxes)       2
Net Income (Loss) (229) 475 769
Net Income (Loss) Attributable to Noncontrolling Interests 1 1 1
Net Income (Loss) Attributable to Shareowners (230) 474 768
Amounts Attributable to Shareowners:      
Income from Continuing Operations After Income Taxes (230) 474 766
Income (Loss) from Discontinued Operations (net of income taxes)       2
Net Income (Loss) (230) 474 768
PPL Electric Utilities Corp [Member]
     
Operating Revenues      
Retail electric 1,866 1,760 1,881
Revenue to affiliates 4 3 11
Total Operating Revenues 1,870 1,763 1,892
Operation      
Energy purchases - realized 588 550 738
Energy purchases from affiliates 51 78 26
Other operation and maintenance 531 576 530
Depreciation 178 160 146
Taxes, other than income 103 105 104
Total Operating Expenses 1,451 1,469 1,544
Operating Income (Loss) 419 294 348
Other Income (Expense) - net 6 9 7
Interest Expense 108 99 98
Income (Loss) Before Income Taxes 317 204 257
Income Taxes 108 68 68
Net Income (Loss) 209 [2] 136 [2] 189 [2]
Distributions on Preferred Securities    4 16
Net Income Available to PPL 209 132 173
LG And E And KU Energy LLC [Member]
     
Operating Revenues      
Total Operating Revenues 2,976 2,759 2,793
Operation      
Fuel 896 872 866
Energy purchases - realized 217 195 238
Other operation and maintenance 778 778 751
Depreciation 334 346 334
Taxes, other than income 48 46 37
Total Operating Expenses 2,273 2,237 2,226
Operating Income (Loss) 703 522 567
Other Income (Expense) - net (7) (15) (1)
Other-Than-Temporary Impairments    25   
Interest Expense 144 150 146
Interest Expense with Affiliates 1 1 1
Income (Loss) Before Income Taxes 551 331 419
Income Taxes 206 [3] 106 [3] 153 [3]
Income (Loss) from Continuing Operations After Income Taxes 345 225 266
Income (Loss) from Discontinued Operations (net of income taxes) 2 (6) (1)
Net Income (Loss) 347 219 265
Louisville Gas And Electric Co [Member]
     
Operating Revenues      
Utility 1,351 1,247 1,281
Revenue to affiliates 59 77 83
Total Operating Revenues 1,410 1,324 1,364
Operation      
Fuel 367 374 350
Energy purchases - realized 195 163 209
Energy purchases from affiliates 10 12 36
Other operation and maintenance 373 363 363
Depreciation 148 152 147
Taxes, other than income 24 23 18
Total Operating Expenses 1,117 1,087 1,123
Operating Income (Loss) 293 237 241
Other Income (Expense) - net (2) (3) (2)
Interest Expense 34 42 44
Income (Loss) Before Income Taxes 257 192 195
Income Taxes 94 69 71
Net Income (Loss) 163 123 124
Kentucky Utilities Co [Member]
     
Operating Revenues      
Utility 1,625 1,512 1,512
Revenue to affiliates 10 12 36
Total Operating Revenues 1,635 1,524 1,548
Operation      
Fuel 529 498 516
Energy purchases - realized 22 32 29
Energy purchases from affiliates 59 77 83
Other operation and maintenance 382 384 362
Depreciation 186 193 186
Taxes, other than income 24 23 19
Total Operating Expenses 1,202 1,207 1,195
Operating Income (Loss) 433 317 353
Other Income (Expense) - net (3) (8) (1)
Other-Than-Temporary Impairments    25   
Interest Expense 70 69 70
Income (Loss) Before Income Taxes 360 215 282
Income Taxes 132 [4] 78 [4] 104 [4]
Net Income (Loss) $ 228 $ 137 $ 178
[1] Excludes current and deferred federal, state and foreign tax expense (benefit) recorded to Discontinued Operations of $3 million in 2011. Also, excludes federal, state and foreign tax expense (benefit) recorded to OCI of $47 million in 2013, $(267) million in 2012 and $(83) million in 2011. The deferred tax benefit of operating loss carryforwards was insignificant for 2011.
[2] Net income approximates comprehensive income.
[3] Excludes current and deferred federal and state tax expense (benefit) recorded to Discontinued Operations of $1 million in 2013, $(4) million in 2012, and $(1) million in 2011. Also, excludes deferred federal and state tax expense (benefit) recorded to OCI of $18 million in 2013, $(12) million in 2012 and $(1) million in 2011.
[4] Excludes deferred federal and state tax (benefit) recorded to OCI of less than $1 million in 2013 and $1 million in 2012.