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CONSOLIDATED STATEMENTS OF EQUITY (USD $)
In Millions, except Share data in Thousands
Total
Common Stock
Additional Paid-in Capital
Earnings Reinvested
Accumulated Other Comprehensive Loss
Member's Equity
Non-controlling Interests
PPL Energy Supply LLC [Member]
PPL Energy Supply LLC [Member]
Member's Equity
PPL Energy Supply LLC [Member]
Non-controlling Interests
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock
PPL Electric Utilities Corp [Member]
Preferred Securities
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital
PPL Electric Utilities Corp [Member]
Earnings Reinvested
LG And E And KU Energy LLC [Member]
LG And E And KU Energy LLC [Member]
Member's Equity
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital
Louisville Gas And Electric Co [Member]
Earnings Reinvested
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock
Kentucky Utilities Co [Member]
Additional Paid-in Capital
Kentucky Utilities Co [Member]
Earnings Reinvested
Kentucky Utilities Co [Member]
Accumulated Other Comprehensive Loss
Balance at beginning of period at Dec. 31, 2010                     $ 1,944 $ 364 $ 250 $ 879 $ 451     $ 1,721 $ 424 $ 1,278 $ 19 $ 2,691 $ 308 $ 2,348 $ 35   
Balance at beginning of period at Dec. 31, 2010 8,478 5 4,602 4,082 (479) [1]   268                                      
Balance at beginning of period - shares at Dec. 31, 2010   483,391 [1],[2]                   66,368 [3]             21,294 [4]       37,818 [5]      
Balance at beginning of period at Dec. 31, 2010 [1]               4,509 4,491 18             4,011                  
Common stock shares issued [2],[6]   95,014                                                
Common stock issued 2,345 1 [6] 2,344 [6]                                              
Purchase Contracts [7] (143)   (143)                                              
Stock-based compensation [8] 10   10                                              
Net income (loss) 1,512     1,495     17 769 768 1 189 [9]       189 265   124       124 178       178   
Dividends, dividend equivalents, redemptions and distributions [10] (797)     (780)     (17)                                      
Cash dividends declared on preferred securities                     (16)       (16)                      
Cash dividends declared on common stock                     (92)       (92)     (83)       (83)         (124)   
Distributions to member               (317) (316) (1)             (533)                  
Distribution of membership interest in PPL Global [11]           (1,288)   (1,288)                                    
Contributions from member               461 461                                  
Capital contributions from parent                     100     100                        
Other comprehensive income (loss) (309)       (309)     (97) (97)             (2)                    
Balance at end of period at Dec. 31, 2011                     2,125 364   979 532     1,762 424 1,278 60 2,745 308 2,348 89   
Balance at end of period at Dec. 31, 2011 11,096 6 6,813 4,797 (788) [1]   268                                      
Balance at end of period at Dec. 31, 2011 [1]                                 3,741                  
Balance at end of period - shares at Dec. 31, 2011   578,405 [1],[2]                   66,368 [3]             21,294 [4]       37,818 [5]      
Balance at end of period at Dec. 31, 2011 [1]               4,037 4,019 18                                
Net income (loss) 545 [12]                   37 [13]                              
Balance at end of period at Mar. 31, 2012                                                    
Balance at beginning of period at Dec. 31, 2011                     2,125 364 250 979 532     1,762 424 1,278 60 2,745 308 2,348 89   
Balance at beginning of period at Dec. 31, 2011 11,096 6 6,813 4,797 (788) [1]   268                                      
Balance at beginning of period at Dec. 31, 2011 [1]                                 3,741                  
Balance at beginning of period - shares at Dec. 31, 2011   578,405 [1],[2]                   66,368 [3]             21,294 [4]       37,818 [5]      
Balance at beginning of period at Dec. 31, 2011 [1]               4,037 4,019 18                                
Common stock shares issued [2],[6]   3,543                                                
Common stock issued 99   99                                              
Common stock shares repurchased [2]   4                                                
Stock-based compensation [8] 18   18                                              
Net income (loss) 1,531     1,526     5 475 474 1 [1] 136 [9]       136 219   123       123 137       137   
Dividends, dividend equivalents, redemptions and distributions [10] (1,094)   6 (845)     (255)                                      
Cash dividends declared on preferred securities                     (4)       (4)                      
Cash dividends declared on common stock                     (95)       (95)     (75)       (75) (100)       (100)   
Distributions to member               (788) (787) (1)             (155)                  
Contributions from member               563 563                                  
Capital contributions from parent                     150     150                        
Redemption of preferred securities [14]                     (250)   (250) 6 (6)                      
Other comprehensive income (loss) (1,152)       (1,152)     (439) (439)             (19)           1          1
Balance at end of period at Dec. 31, 2012 10,480                   2,062 364    1,135 563     1,810 424 1,278 108 2,783 308 2,348 126 1 [1]
Balance at end of period at Dec. 31, 2012 10,498 6 6,936 5,478 (1,940) [1]   18                                      
Balance at end of period at Dec. 31, 2012               3,830               3,786                    
Balance at end of period - shares at Dec. 31, 2012 581,944 581,944 [1],[2]                 66,368 66,368 [3]           21,294 21,294 [4]     37,818 37,818 [5]      
Balance at end of period at Dec. 31, 2012               3,848 3,830 [1] 18 [1]                                
Balance at beginning of period at Sep. 30, 2012                                                    
Net income (loss) 360 [12]                   37 [13]                              
Balance at end of period at Dec. 31, 2012 10,480                   2,062 364                            
Balance at end of period at Dec. 31, 2012 10,498                                                  
Balance at end of period - shares at Dec. 31, 2012 581,944                   66,368 66,368 [3]                            
Net income (loss) 413 [12]                   64 [13]                              
Balance at end of period at Mar. 31, 2013                                                    
Balance at beginning of period at Dec. 31, 2012 10,480                   2,062 364   1,135 563     1,810 424 1,278 108 2,783 308 2,348 126 1 [1]
Balance at beginning of period at Dec. 31, 2012 10,498 6 6,936 5,478 (1,940) [1]   18                                      
Balance at beginning of period at Dec. 31, 2012               3,830               3,786                    
Balance at beginning of period - shares at Dec. 31, 2012 581,944 581,944 [1],[2]                 66,368 66,368 [3]           21,294 21,294 [4]     37,818 37,818 [5]      
Balance at beginning of period at Dec. 31, 2012               3,848 3,830 [1] 18 [1]                                
Common stock shares issued [2],[6]   50,807                                                
Common stock issued 1,437   1,437                                              
Common stock shares repurchased 2,400 (2,430) [15],[2]                                                
Common stock repurchased [15] (74)   (74)                                              
Cash settlement of equity forward agreements [15] (13)   (13)                                              
Stock-based compensation [8] 30   30                                              
Net income (loss) 1,131     1,130     1 (229) (230) 1 209 [9]       209 347   163       163 228       228   
Dividends, dividend equivalents, redemptions and distributions [10] (918)     (899)     (19)                                      
Cash dividends declared on common stock                     (127)       (127)     (99)       (99) (124)       (124)   
Distributions to member               (427) [16] (408) [16] (19) [16]             (254)                  
Contributions from member               1,577 1,577               243                  
Capital contributions from parent                     205     205       86    86    157    157      
Other comprehensive income (loss) 375       375     29 29             28                    
Balance at end of period at Dec. 31, 2013 12,466                   2,349 364    1,340 645     1,960 424 1,364 172 3,044 308 2,505 230 1 [1]
Balance at end of period at Dec. 31, 2013 12,466 6 8,316 5,709 (1,565) [1]                                          
Balance at end of period at Dec. 31, 2013               4,798               4,150                    
Balance at end of period - shares at Dec. 31, 2013 630,321 630,321 [1],[2]                 66,368 66,368 [3]           21,294 21,294 [4]     37,818 37,818 [5]      
Balance at end of period at Dec. 31, 2013                4,798 4,798 [1]                                   
Balance at beginning of period at Sep. 30, 2013                                                    
Net income (loss) (98) [12],[17]                   49 [13]                              
Balance at end of period at Dec. 31, 2013 12,466                   2,349 364                             
Balance at end of period at Dec. 31, 2013 $ 12,466                                                  
Balance at end of period - shares at Dec. 31, 2013 630,321                   66,368 66,368 [3]                            
[1] See Note 24 for disclosure of balances of each component of AOCI.
[2] Shares in thousands. Each share entitles the holder to one vote on any question presented at any shareowners' meeting.
[3] Shares in thousands. All common shares of PPL Electric stock are owned by PPL.
[4] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[5] Shares in thousands. All common shares of KU stock are owned by LKE.
[6] All years presented include shares of common stock issued through various stock and incentive compensation plans. 2011 includes the April issuance of common stock and 2013 includes the April and July issuances of common stock. See Note 7 for additional information.
[7] Represents $123 million for the 2011 Purchase Contracts and $20 million of related fees and expenses, net of tax. See Note 7 for additional information.
[8] 2013, 2012 and 2011 include $50 million, $47 million and $33 million of stock-based compensation expense related to new and existing unvested equity awards, and $(20) million, $(29) million and $(23) million related primarily to the reclassification from "Stock-based compensation" to "Common stock issued" for the issuance of common stock after applicable equity award vesting periods and tax adjustments related to stock-based compensation.
[9] Net income approximates comprehensive income.
[10] "Earnings reinvested" includes dividends and dividend equivalents on PPL common stock and restricted stock units. "Noncontrolling interests" includes dividends, redemptions and distributions to noncontrolling interests. In December 2013, a distribution to noncontrolling interests was made related to the purchase of the Lower Mt. Bethel plant. See Note 22 for additional information. In June 2012, PPL Electric redeemed all of its outstanding preference stock at par value, which was classified as noncontrolling interest. See Note 3 for additional information.
[11] See Note 9 for additional information.
[12] Quarterly results can vary depending on, among other things, weather and the forward pricing of power. Accordingly, comparisons among quarters of a year may not be indicative of overall trends and changes in operations.
[13] PPL Electric's business is seasonal in nature, with peak sales periods generally occurring in the winter and summer months. Accordingly, comparisons among quarters of a year may not be indicative of overall trends and changes in operations.
[14] In June 2012, PPL Electric redeemed all of its outstanding preference stock. See Note 3 for additional information.
[15] See Note 7 for additional information.
[16] In December 2013, a distribution to noncontrolling interests was made related to the purchase of the Lower Mt. Bethel plant. See Note 22 for additional information.
[17] Fourth quarter of 2013 includes a charge for the termination of the lease of the Colstrip coal-fired electric generating facility in Montana. See Note 8 to the Financial Statements for additional information.