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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities    
Net Income $ 967 $ 695
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 542 488
Amortization 34 45
Defined benefit plans - (income) expense (101) (45)
Deferred income taxes and investment tax credits 171 201
Unrealized (gains) losses on derivatives, and other hedging activities (91) 135
Stock-based compensation expense 16 22
Other (9) (5)
Change in current assets and current liabilities    
Accounts receivable 46 26
Accounts payable (90) (92)
Unbilled revenues 91 70
Fuel, materials and supplies 32 42
Prepayments (60) (66)
Taxes payable 28 (27)
Regulatory assets and liabilities, net 42 (19)
Accrued interest (79) (77)
Other current liabilities (47) (52)
Other (16) 13
Other operating activities    
Defined benefit plans - funding (206) (552)
Proceeds from transfer of excess benefit funding 65 0
Other assets (67) (1)
Other liabilities 57 (11)
Net cash provided by operating activities 1,325 790
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (1,527) (1,373)
Purchase of available-for-sale securities (65) 0
Other investing activities (57) (12)
Net cash used in investing activities (1,649) (1,385)
Cash Flows from Financing Activities    
Issuance of long-term debt 584 594
Retirement of long-term debt (250) (60)
Issuance of common stock 147 177
Payment of common stock dividends (558) (529)
Net increase (decrease) in short-term debt 788 554
Other financing activities (16) (25)
Net cash provided by (used in) financing activities 695 711
Effect of Exchange Rate on Cash, Cash Equivalents and Restricted Cash (7) 7
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 364 123
Cash and Cash Equivalents at Beginning of Period 485  
Cash and Cash Equivalents at End of Period 852  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 511 367
Cash, Cash Equivalents and Restricted Cash at End of Period 875 490
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 329 284
Accrued expenditures for intangible assets at June 30, 59 56
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 223 156
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 173 151
Amortization 11 15
Defined benefit plans - (income) expense 0 7
Deferred income taxes and investment tax credits 53 84
Other (9) (4)
Change in current assets and current liabilities    
Accounts receivable 37 13
Accounts payable (60) (59)
Unbilled revenues 30 17
Prepayments (47) (52)
Taxes payable (1) (4)
Regulatory assets and liabilities, net (27) (12)
Other 1 (6)
Other operating activities    
Defined benefit plans - funding (28) (24)
Other assets (41) (4)
Other liabilities 49 1
Net cash provided by operating activities 364 279
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (518) (550)
Net decrease in notes receivable from affiliate 0 (270)
Other investing activities (3) (4)
Net cash used in investing activities (521) (824)
Cash Flows from Financing Activities    
Issuance of long-term debt 398 470
Net increase (decrease) in short-term debt 0 (295)
Contributions from parent 425 575
Payment of common stock dividends to parent (222) (154)
Other financing activities (4) (5)
Net cash provided by (used in) financing activities 597 591
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 440 46
Cash and Cash Equivalents at Beginning of Period 49  
Cash and Cash Equivalents at End of Period 489  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 51 15
Cash, Cash Equivalents and Restricted Cash at End of Period 491 61
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 180 157
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income [2] 228 190
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 235 210
Amortization 9 14
Defined benefit plans - (income) expense 8 12
Deferred income taxes and investment tax credits 30 91
Other (1) 0
Change in current assets and current liabilities    
Accounts receivable 16 13
Accounts payable (10) (28)
Accounts payable to affiliates 1 0
Unbilled revenues 40 23
Fuel, materials and supplies 26 41
Taxes payable (25) 3
Regulatory assets and liabilities, net 69 (7)
Other (40) (14)
Other operating activities    
Defined benefit plans - funding (122) (29)
Expenditures for asset retirement obligations (26) (12)
Other assets (1) (2)
Other liabilities 3 6
Net cash provided by operating activities 440 511
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (564) (355)
Net cash used in investing activities (564) (355)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate (126) (4)
Issuance of long-term debt with affiliate 250 0
Issuance of long-term debt 100 60
Retirement of long-term debt 0 (60)
Distributions to member (161) (218)
Net increase (decrease) in short-term debt 72 73
Other financing activities (2) (1)
Net cash provided by (used in) financing activities 133 (150)
Cash and Cash Equivalents, Period Increase (Decrease) 9 6
Cash and Cash Equivalents at Beginning of Period 30 13
Cash and Cash Equivalents at End of Period 39 19
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 112 83
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [1] 122 96
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 97 89
Amortization 7 7
Defined benefit plans - (income) expense 2 3
Deferred income taxes and investment tax credits 18 57
Change in current assets and current liabilities    
Accounts receivable 11 9
Accounts receivable from affiliates 6 11
Accounts payable (12) (17)
Accounts payable to affiliates (3) (3)
Unbilled revenues 24 14
Fuel, materials and supplies 31 33
Taxes payable (2) (23)
Regulatory assets and liabilities, net 32 (3)
Other (7) 0
Other operating activities    
Defined benefit plans - funding (57) (3)
Expenditures for asset retirement obligations (10) (7)
Other liabilities (4) 1
Net cash provided by operating activities 255 264
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (296) (177)
Net cash used in investing activities (296) (177)
Cash Flows from Financing Activities    
Issuance of long-term debt 100 60
Retirement of long-term debt 0 (60)
Net increase (decrease) in short-term debt (16) 38
Contributions from parent 43 0
Payment of common stock dividends to parent (81) (122)
Other financing activities (1) (1)
Net cash provided by (used in) financing activities 45 (85)
Cash and Cash Equivalents, Period Increase (Decrease) 4 2
Cash and Cash Equivalents at Beginning of Period 15 5
Cash and Cash Equivalents at End of Period 19 7
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 57 40
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [2] 148 119
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 138 121
Amortization 2 6
Defined benefit plans - (income) expense 0 2
Deferred income taxes and investment tax credits 9 70
Other (1) 0
Change in current assets and current liabilities    
Accounts receivable 4 5
Accounts payable 11 (1)
Accounts payable to affiliates (12) (15)
Unbilled revenues 16 9
Fuel, materials and supplies (5) 8
Taxes payable 4 (29)
Regulatory assets and liabilities, net 37 (4)
Other (11) (9)
Other operating activities    
Defined benefit plans - funding (52) (21)
Expenditures for asset retirement obligations (16) (5)
Other assets (1) (3)
Other liabilities 3 4
Net cash provided by operating activities 274 257
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (266) (177)
Net cash used in investing activities (266) (177)
Cash Flows from Financing Activities    
Net increase (decrease) in short-term debt 88 35
Contributions from parent 45 0
Payment of common stock dividends to parent (136) (110)
Net cash provided by (used in) financing activities (3) (75)
Cash and Cash Equivalents, Period Increase (Decrease) 5 5
Cash and Cash Equivalents at Beginning of Period 15 7
Cash and Cash Equivalents at End of Period 20 12
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, $ 55 $ 43
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.