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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net Income (Loss) $ (110) $ 545
Loss from discontinued operations (net of income taxes) 912 74
Income from continuing operations (net of income taxes) 802 619
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation 432 455
Amortization 27 35
Defined benefit plans - expense 32 27
Deferred income taxes and investment tax credits 256 253
Unrealized (gains) losses on derivatives, and other hedging activities 62 69
Adjustment to WPD line loss accrual 0 65
Stock compensation expense 38 20
Other 11 1
Change in current assets and current liabilities    
Accounts receivable (74) (95)
Accounts payable (83) (46)
Unbilled revenues 79 94
Prepayments (61) (19)
Taxes payable (129) 52
Accrued interest (87) (107)
Other current liabilities (91) (38)
Other 13 40
Other operating activities    
Defined benefit plans - funding (289) (186)
Other assets (29) 2
Other liabilities 61 52
Net cash provided by (used in) operating activities 970 1,293
Net cash provided by (used in) operating activities - discontinued operations 343 290
Net cash provided by (used in) operating activities 1,313 1,583
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (1,679) (1,678)
Expenditures for intangible assets (24) (24)
Purchases of other investments (15) 0
Proceeds from the sale of other investments 135 0
Net (increase) decrease in restricted cash and cash equivalents 8 7
Other investing activities 0 (5)
Net cash provided by (used in) investing activities (1,575) (1,700)
Net cash provided by (used in) investing activities - discontinued operations (149) (403)
Net cash provided by (used in) investing activities (1,724) (2,103)
Cash Flows from Financing Activities    
Issuance of long-term debt 88 296
Retirement of long-term debt 0 (239)
Issuance of common stock 83 1,017
Payment of common stock dividends (500) (470)
Net increase (decrease) in short-term debt 276 (217)
Other financing activities (18) (38)
Net cash provided by (used in) financing activities (71) 349
Net cash provided by (used in) financing activities - discontinued operations (546) 138
Net cash distributions to parent from discontinued operations 132 184
Net cash provided by (used in) financing activities (485) 671
Effect of Exchange Rates on Cash and Cash Equivalents (9) 16
Net (Increase) Decrease in Cash and Cash Equivalents included in Discontinued Operations 352 (25)
Net Increase (Decrease) in Cash and Cash Equivalents (553) 142
Cash and Cash Equivalents at Beginning of Period 1,399 863
Cash and Cash Equivalents at End of Period 846 1,005
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income (Loss) [1] 136 137
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation 103 90
Amortization 14 9
Defined benefit plans - expense 8 11
Deferred income taxes and investment tax credits 39 44
Other (6) (17)
Change in current assets and current liabilities    
Accounts receivable (24) (80)
Accounts payable (93) (33)
Unbilled revenues 25 34
Prepayments (80) (40)
Taxes payable (55) 8
Other 22 2
Other operating activities    
Defined benefit plans - funding (33) (19)
Other assets (2) 5
Other liabilities 22 (3)
Net cash provided by (used in) operating activities 76 148
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (480) (436)
Expenditures for intangible assets (5) (22)
Net (increase) decrease in notes receivable from affiliates 0 150
Other investing activities 2 13
Net cash provided by (used in) investing activities (483) (295)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 296
Retirement of long-term debt 0 (10)
Contributions from parent 160 95
Payment of common stock dividends to parent (107) (87)
Net increase (decrease) in short-term debt 168 (20)
Other financing activities 0 (3)
Net cash provided by (used in) financing activities 221 271
Net Increase (Decrease) in Cash and Cash Equivalents (186) 124
Cash and Cash Equivalents at Beginning of Period 214 25
Cash and Cash Equivalents at End of Period 28 149
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income (Loss) 177 180
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation 189 173
Amortization 12 12
Defined benefit plans - expense 21 12
Deferred income taxes and investment tax credits 145 149
Other 23 1
Change in current assets and current liabilities    
Accounts receivable 13 (22)
Accounts payable 10 (5)
Accounts payable to affiliates 0 (2)
Unbilled revenues 12 27
Fuel, materials and supplies 54 43
Income tax receivable 136 (2)
Taxes payable 23 (10)
Other (30) 1
Other operating activities    
Defined benefit plans - funding (63) (40)
Other assets 7 (2)
Other liabilities (26) 2
Net cash provided by (used in) operating activities 703 517
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (630) (556)
Net (increase) decrease in notes receivable from affiliates 0 54
Other investing activities 4 0
Net cash provided by (used in) investing activities (626) (502)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable to affiliates 18 0
Net increase (decrease) in short-term debt (14) 75
Contributions from member 20 119
Distributions to member (109) (221)
Net cash provided by (used in) financing activities (85) (27)
Net Increase (Decrease) in Cash and Cash Equivalents (8) (12)
Cash and Cash Equivalents at Beginning of Period 21 35
Cash and Cash Equivalents at End of Period 13 23
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income (Loss) [2] 88 87
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation 82 77
Amortization 6 6
Defined benefit plans - expense 8 5
Deferred income taxes and investment tax credits 58 20
Other 24 (4)
Change in current assets and current liabilities    
Accounts receivable 13 (3)
Accounts receivable from affiliates 7 (17)
Accounts payable (12) (5)
Accounts payable to affiliates (4) (4)
Unbilled revenues 9 19
Fuel, materials and supplies 51 44
Income tax receivable 74 (5)
Taxes payable 9 2
Other (2) (4)
Other operating activities    
Defined benefit plans - funding (25) (10)
Other assets 12 (1)
Other liabilities (9) (4)
Net cash provided by (used in) operating activities 389 203
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (349) (249)
Net cash provided by (used in) investing activities (349) (249)
Cash Flows from Financing Activities    
Contributions from parent 20 53
Payment of common stock dividends to parent (58) (60)
Net increase (decrease) in short-term debt (5) 50
Net cash provided by (used in) financing activities (43) 43
Net Increase (Decrease) in Cash and Cash Equivalents (3) (3)
Cash and Cash Equivalents at Beginning of Period 10 8
Cash and Cash Equivalents at End of Period 7 5
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income (Loss) [1] 117 117
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation 107 95
Amortization 4 4
Defined benefit plans - expense 6 2
Deferred income taxes and investment tax credits 84 89
Other (1) 5
Change in current assets and current liabilities    
Accounts receivable 0 (20)
Accounts payable 27 10
Accounts payable to affiliates (11) 13
Unbilled revenues 3 8
Fuel, materials and supplies 3 (1)
Income tax receivable 60 (24)
Taxes payable 14 (19)
Other (9) 16
Other operating activities    
Defined benefit plans - funding (19) (3)
Other assets (1) (1)
Other liabilities (24) 6
Net cash provided by (used in) operating activities 360 297
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (279) (305)
Other investing activities 4 0
Net cash provided by (used in) investing activities (275) (305)
Cash Flows from Financing Activities    
Contributions from parent 0 66
Payment of common stock dividends to parent (81) (86)
Net increase (decrease) in short-term debt (9) 25
Net cash provided by (used in) financing activities (90) 5
Net Increase (Decrease) in Cash and Cash Equivalents (5) (3)
Cash and Cash Equivalents at Beginning of Period 11 21
Cash and Cash Equivalents at End of Period $ 6 $ 18
[1] Net income approximates comprehensive income.
[2] Net income equals comprehensive income.