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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities    
Net Income $ 1,050 $ 1,437
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 745 692
Amortization 72 54
Defined benefit plans - expense (income) (69) (29)
Deferred income taxes and investment tax credits 284 436
Unrealized (gains) losses on derivatives, and other hedging activities 194 107
Stock-based compensation expense 30 23
Other (8) (12)
Change in current assets and current liabilities    
Accounts receivable 25 (29)
Accounts payable (93) (40)
Unbilled revenues 81 32
Fuel, materials and supplies 35 8
Prepayments (37) (34)
Taxes payable 6 40
Regulatory assets and liabilities, net (3) (32)
Accrued interest 49 32
Other current liabilities (53) (48)
Other 5 (5)
Other operating activities    
Defined benefit plans - funding (558) (345)
Other assets 4 18
Other liabilities (5) (75)
Net cash provided by operating activities 1,754 2,230
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (2,152) (2,073)
Expenditures for intangible assets (25) (23)
Other investing activities 13 30
Net cash used in investing activities (2,164) (2,066)
Cash Flows from Financing Activities    
Issuance of long-term debt 1,088 1,241
Retirement of long-term debt (60) (905)
Settlement of cross-currency swaps 0 46
Issuance of common stock 275 133
Payment of common stock dividends (800) (772)
Net increase (decrease) in short-term debt 269 (268)
Other financing activities (34) (33)
Net cash provided by (used in) financing activities 738 (558)
Effect of Exchange Rates on Cash and Cash Equivalents 7 (26)
Net Increase (Decrease) in Cash and Cash Equivalents 335 (420)
Cash and Cash Equivalents at Beginning of Period 341 836
Cash and Cash Equivalents at End of Period 676 416
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 373 293
Accrued expenditures for intangible assets at September 30, 60 104
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 251 263
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 228 185
Amortization 25 19
Defined benefit plans - expense (income) 10 9
Deferred income taxes and investment tax credits 129 151
Other (8) (14)
Change in current assets and current liabilities    
Accounts receivable 7 (6)
Accounts payable (38) (1)
Unbilled revenues 30 10
Prepayments (31) 29
Taxes payable 10 (6)
Regulatory assets and liabilities, net 0 (41)
Other (9) (13)
Other operating activities    
Defined benefit plans - funding (24) 0
Other assets (2) 15
Other liabilities (3) (5)
Net cash provided by operating activities 575 595
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (851) (739)
Expenditures for intangible assets (7) (3)
Net increase in notes receivable from affiliate (2) 0
Other investing activities 2 2
Net cash used in investing activities (858) (740)
Cash Flows from Financing Activities    
Issuance of long-term debt 470 224
Retirement of long-term debt 0 (224)
Contributions from parent 575 200
Payment of common stock dividends to parent (231) (193)
Net increase (decrease) in short-term debt (295) 130
Other financing activities (6) (3)
Net cash provided by (used in) financing activities 513 134
Net Increase (Decrease) in Cash and Cash Equivalents 230 (11)
Cash and Cash Equivalents at Beginning of Period 13 47
Cash and Cash Equivalents at End of Period 243 36
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 190 166
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income 322 337
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 324 301
Amortization 19 21
Defined benefit plans - expense (income) 19 20
Deferred income taxes and investment tax credits 173 212
Other 1 0
Change in current assets and current liabilities    
Accounts receivable 18 (43)
Accounts payable (30) 7
Accounts payable to affiliates 3 4
Unbilled revenues 19 6
Fuel, materials and supplies 34 7
Taxes payable 13 0
Accrued interest 41 42
Other (1) (4)
Other operating activities    
Defined benefit plans - funding (32) (82)
Expenditures for asset retirement obligations (22) (15)
Other assets 5 1
Other liabilities 14 2
Net cash provided by operating activities 920 816
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (579) (600)
Other investing activities 4 1
Net cash used in investing activities (575) (599)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate (4) 84
Issuance of long-term debt 60 221
Retirement of long-term debt (60) (221)
Debt issuance and credit facility costs (3) (3)
Net increase (decrease) in short-term debt 5 (130)
Distributions to member (316) (224)
Contributions from member 0 37
Net cash provided by (used in) financing activities (318) (236)
Net Increase (Decrease) in Cash and Cash Equivalents 27 (19)
Cash and Cash Equivalents at Beginning of Period 13 30
Cash and Cash Equivalents at End of Period 40 11
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 142 86
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [1] 161 159
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 136 126
Amortization 11 10
Defined benefit plans - expense (income) 5 6
Deferred income taxes and investment tax credits 96 117
Change in current assets and current liabilities    
Accounts receivable 12 (17)
Accounts receivable from affiliates 6 (11)
Accounts payable (12) 24
Accounts payable to affiliates (10) (6)
Unbilled revenues 11 10
Fuel, materials and supplies 6 11
Taxes payable (15) 0
Accrued interest 12 13
Other 6 1
Other operating activities    
Defined benefit plans - funding (3) (45)
Expenditures for asset retirement obligations (13) (11)
Other assets 5 (3)
Other liabilities 4 (1)
Net cash provided by operating activities 418 383
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (293) (343)
Net cash used in investing activities (293) (343)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 10 0
Issuance of long-term debt 60 125
Retirement of long-term debt (60) (125)
Contributions from parent 0 47
Debt issuance and credit facility costs (2) (1)
Payment of common stock dividends to parent (150) (87)
Net increase (decrease) in short-term debt 21 (14)
Net cash provided by (used in) financing activities (121) (55)
Net Increase (Decrease) in Cash and Cash Equivalents 4 (15)
Cash and Cash Equivalents at Beginning of Period 5 19
Cash and Cash Equivalents at End of Period 9 4
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 83 46
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [2] 196 207
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 188 175
Amortization 7 10
Defined benefit plans - expense (income) 3 4
Deferred income taxes and investment tax credits 116 122
Other 0 (1)
Change in current assets and current liabilities    
Accounts receivable 6 (24)
Accounts receivable from affiliates (1) 0
Accounts payable (6) (11)
Accounts payable to affiliates (16) 2
Unbilled revenues 8 (4)
Fuel, materials and supplies 28 (4)
Taxes payable (21) 0
Accrued interest 22 22
Other (6) 2
Other operating activities    
Defined benefit plans - funding (22) (19)
Expenditures for asset retirement obligations (9) (4)
Other assets 0 (4)
Other liabilities 8 (4)
Net cash provided by operating activities 501 469
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (283) (255)
Net increase in notes receivable from affiliate (10) 0
Other investing activities 4 1
Net cash used in investing activities (289) (254)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 96
Retirement of long-term debt 0 (96)
Contributions from parent 0 20
Debt issuance and credit facility costs (1) (1)
Payment of common stock dividends to parent (171) (197)
Net increase (decrease) in short-term debt (16) (41)
Net cash provided by (used in) financing activities (188) (219)
Net Increase (Decrease) in Cash and Cash Equivalents 24 (4)
Cash and Cash Equivalents at Beginning of Period 7 11
Cash and Cash Equivalents at End of Period 31 7
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, $ 58 $ 40
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.