XML 109 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows from Operating Activities    
Net income (loss) $ 316 $ 413
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 305 284
Amortization 60 64
Defined benefit plans - expense 21 51
Deferred income taxes and investment tax credits (26) 80
Unrealized (gains) losses on derivatives, and other hedging activities 241 98
Adjustment to WPD line loss accrual 65   
Other 33 30
Change in current assets and current liabilities    
Accounts receivable (185) (187)
Accounts payable 93 (138)
Unbilled revenues (33) 137
Fuel, materials and supplies 96 55
Prepayments (70) (117)
Counterparty collateral 2 (64)
Taxes payable 126 122
Other (51) (129)
Other operating activities    
Defined benefit plans - funding (135) (429)
Other assets (3) 33
Other liabilities 76 (59)
Net cash provided by (used in) operating activities 931 244
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (892) (828)
Purchases of nuclear plant decommissioning trust investments (32) (28)
Proceeds from the sale of nuclear plant decommissioning trust investments 27 24
Proceeds from receipt of grants 56 1
Net (increase) decrease in restricted cash and cash equivalents (334) (52)
Other investing activities (8) (16)
Net cash provided by (used in) investing activities (1,183) (899)
Cash Flows from Financing Activities    
Issuance of long-term debt    450
Retirement of long-term debt (239) (8)
Payment of common stock dividends (234) (210)
Net increase (decrease) in short-term debt 878 416
Other financing activities (13) (27)
Net cash provided by (used in) financing activities 392 621
Effect of Exchange Rates on Cash and Cash Equivalents 14 (14)
Net Increase (Decrease) in Cash and Cash Equivalents 154 (48)
Cash and Cash Equivalents at Beginning of Period 1,102 901
Cash and Cash Equivalents at End of Period 1,256 853
PPL Energy Supply LLC [Member]
   
Cash Flows from Operating Activities    
Net income (loss) (66) (38)
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 80 78
Amortization 44 44
Defined benefit plans - expense 8 12
Deferred income taxes and investment tax credits (121) (21)
Impairment of assets 18   
Unrealized (gains) losses on derivatives, and other hedging activities 229 214
Other 5 5
Change in current assets and current liabilities    
Accounts receivable (15) 71
Accounts payable 153 (94)
Unbilled revenues (92) 123
Fuel, materials and supplies 43 11
Prepayments (10) (104)
Counterparty collateral 2 (64)
Taxes payable 53 37
Other (22) (14)
Other operating activities    
Defined benefit plans - funding (30) (105)
Other assets (5) 44
Other liabilities 2 (74)
Net cash provided by (used in) operating activities 276 125
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (88) (124)
Purchases of nuclear plant decommissioning trust investments (32) (28)
Proceeds from the sale of nuclear plant decommissioning trust investments 27 24
Proceeds from receipt of grants 56   
Net (increase) decrease in restricted cash and cash equivalents (344) (59)
Other investing activities (8) (8)
Net cash provided by (used in) investing activities (389) (195)
Cash Flows from Financing Activities    
Distributions to member (654) (313)
Net increase (decrease) in short-term debt 970 125
Other financing activities (1) (8)
Net cash provided by (used in) financing activities 315 (196)
Net Increase (Decrease) in Cash and Cash Equivalents 202 (266)
Cash and Cash Equivalents at Beginning of Period 239 413
Cash and Cash Equivalents at End of Period 441 147
PPL Electric Utilities Corp [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 85 [1] 64 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 45 43
Amortization 4 5
Defined benefit plans - expense 3 7
Deferred income taxes and investment tax credits 25 45
Other (14) (3)
Change in current assets and current liabilities    
Accounts receivable (107) (87)
Accounts payable 22 (34)
Prepayments (61) (28)
Other (1) (6)
Other operating activities    
Defined benefit plans - funding (19) (88)
Other assets 4 8
Other liabilities 10 (3)
Net cash provided by (used in) operating activities (4) (77)
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (201) (189)
Net (increase) decrease in notes receivable from affiliates 150   
Other investing activities 9 (3)
Net cash provided by (used in) investing activities (42) (192)
Cash Flows from Financing Activities    
Retirement of long-term debt (10)   
Contributions from parent 65 60
Payment of common stock dividends to parent (32) (25)
Net increase (decrease) in short-term debt 40 125
Net cash provided by (used in) financing activities 63 160
Net Increase (Decrease) in Cash and Cash Equivalents 17 (109)
Cash and Cash Equivalents at Beginning of Period 25 140
Cash and Cash Equivalents at End of Period 42 31
LG And E And KU Energy LLC [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 115 [1] 96 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 86 82
Amortization 6 7
Defined benefit plans - expense 8 17
Deferred income taxes and investment tax credits 74 45
Other (1) 1
Change in current assets and current liabilities    
Accounts receivable (50) (78)
Accounts payable 22 31
Accounts payable to affiliates    1
Unbilled revenues 36   
Fuel, materials and supplies 53 47
Taxes payable (14) (2)
Accrued interest 36 30
Other (24) (29)
Other operating activities    
Defined benefit plans - funding (38) (154)
Other assets    2
Other liabilities    (11)
Net cash provided by (used in) operating activities 309 85
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (272) (271)
Net (increase) decrease in notes receivable from affiliates 66   
Net (increase) decrease in restricted cash and cash equivalents 1 4
Net cash provided by (used in) investing activities (205) (267)
Cash Flows from Financing Activities    
Contributions from member 40 75
Distributions to member (104) (4)
Net increase (decrease) in notes payable to affiliates    60
Net increase (decrease) in short-term debt (45) 60
Net cash provided by (used in) financing activities (109) 191
Net Increase (Decrease) in Cash and Cash Equivalents (5) 9
Cash and Cash Equivalents at Beginning of Period 35 43
Cash and Cash Equivalents at End of Period 30 52
Louisville Gas And Electric Co [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 52 [2] 44 [2]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 38 36
Amortization 3 3
Defined benefit plans - expense 2 6
Deferred income taxes and investment tax credits 6 11
Other (5) (5)
Change in current assets and current liabilities    
Accounts receivable (40) (37)
Accounts payable 14 9
Accounts payable to affiliates (7) (7)
Unbilled revenues 22 1
Fuel, materials and supplies 44 37
Taxes payable 21 17
Other 5 11
Other operating activities    
Defined benefit plans - funding (9) (43)
Other liabilities 2 2
Net cash provided by (used in) operating activities 148 85
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (116) (98)
Net (increase) decrease in restricted cash and cash equivalents 1 4
Net cash provided by (used in) investing activities (115) (94)
Cash Flows from Financing Activities    
Contributions from parent    25
Payment of common stock dividends to parent (27) (19)
Net increase (decrease) in short-term debt (5) 15
Net cash provided by (used in) financing activities (32) 21
Net Increase (Decrease) in Cash and Cash Equivalents 1 12
Cash and Cash Equivalents at Beginning of Period 8 22
Cash and Cash Equivalents at End of Period 9 34
Kentucky Utilities Co [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 77 [1] 64 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 48 46
Amortization 3 4
Defined benefit plans - expense 2 5
Deferred income taxes and investment tax credits 34 35
Other 2 9
Change in current assets and current liabilities    
Accounts receivable (24) (31)
Accounts payable 15 32
Accounts payable to affiliates 16 8
Unbilled revenues 14 (1)
Fuel, materials and supplies 9 10
Taxes payable (12) (17)
Accrued interest 18 15
Other (9) (20)
Other operating activities    
Defined benefit plans - funding (3) (60)
Other assets    1
Other liabilities 1 (15)
Net cash provided by (used in) operating activities 191 85
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (154) (172)
Net cash provided by (used in) investing activities (154) (172)
Cash Flows from Financing Activities    
Contributions from parent 40 50
Payment of common stock dividends to parent (37) (13)
Net increase (decrease) in short-term debt (40) 45
Net cash provided by (used in) financing activities (37) 82
Net Increase (Decrease) in Cash and Cash Equivalents    (5)
Cash and Cash Equivalents at Beginning of Period 21 21
Cash and Cash Equivalents at End of Period $ 21 $ 16
[1] Net income approximates comprehensive income.
[2] Net income equals comprehensive income.