XML 80 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating Revenues        
Utility $ 1,860 $ 1,739 $ 5,852 $ 5,344
Unregulated wholesale energy 1,109 913 203 2,380
Unregulated retail energy 282 263 909 755
Energy-related businesses 198 159 512 423
Total Operating Revenues 3,449 3,074 7,476 8,902
Operation        
Fuel 452 494 1,701 1,464
Energy purchases 859 555 (284) 1,663
Other operation and maintenance 684 658 2,082 2,009
Depreciation 307 284 913 845
Taxes, other than income 92 86 283 261
Energy-related businesses 186 151 492 403
Total Operating Expenses 2,580 2,228 5,187 6,645
Operating Income (Loss) 869 846 2,289 2,257
Other Income (Expense) - net 144 (117) 38 18
Interest Expense 258 244 775 747
Income (Loss) Before Income Taxes 755 485 1,552 1,528
Income Taxes 265 81 520 329
Income (Loss) from Continuing Operations After Income Taxes 490 404 1,032 1,199
Income (Loss) from Discontinued Operations (net of income taxes) 7 7 10 30
Net Income (Loss) 497 411 1,042 1,229
Net Income (Loss) Attributable to Noncontrolling Interests 0 1 0 1
Net Income (Loss) Attributable to Shareowners 497 410 1,042 1,228
Amounts Attributable to Shareowners:        
Income from Continuing Operations After Income Taxes 490 403 1,032 1,198
Income (Loss) from Discontinued Operations (net of income taxes) 7 7 10 30
Net Income 497 410 1,042 1,228
Income from Continuing Operations After Income Taxes Available to PPL Common Shareowners:        
Basic (in dollars per share) $ 0.73 $ 0.64 $ 1.58 $ 1.98
Diluted (in dollars per share) $ 0.73 $ 0.61 $ 1.56 $ 1.86
Net Income Available to PPL Common Shareowners:        
Basic (in dollars per share) $ 0.74 $ 0.65 $ 1.6 $ 2.03
Diluted (in dollars per share) $ 0.74 $ 0.62 $ 1.57 $ 1.9
Dividends Declared Per Share of Common Stock $ 0.3725 $ 0.3675 $ 1.1175 $ 1.1025
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic 664,432 631,046 649,561 601,275
Diluted 666,402 664,343 665,501 662,094
PPL Energy Supply LLC [Member]
       
Operating Revenues        
Unregulated wholesale energy 1,109 913 203 2,380
Unregulated retail energy 283 265 913 758
Revenue to affiliates 20 11 68 37
Energy-related businesses 189 143 469 378
Total Operating Revenues 1,601 1,332 1,653 3,553
Operation        
Fuel 212 258 953 780
Energy purchases 708 389 (893) 1,088
Other operation and maintenance 232 232 746 714
Depreciation 74 75 225 223
Taxes, other than income 14 14 45 40
Energy-related businesses 172 138 451 366
Total Operating Expenses 1,412 1,106 1,527 3,211
Operating Income (Loss) 189 226 126 342
Other Income (Expense) - net 10 1 23 17
Interest Expense 31 37 95 123
Income (Loss) Before Income Taxes 168 190 54 236
Income Taxes 74 71 16 91
Income (Loss) from Continuing Operations After Income Taxes 94 119 38 145
Income (Loss) from Discontinued Operations (net of income taxes) 7 6 10 28
Net Income (Loss) 101 125 48 173
Net Income (Loss) Attributable to Noncontrolling Interests 0 1 0 1
Net Income (Loss) Attributable to Shareowners 101 124 48 172
Amounts Attributable to Shareowners:        
Income from Continuing Operations After Income Taxes 94 118 38 144
Income (Loss) from Discontinued Operations (net of income taxes) 7 6 10 28
Net Income 101 124 48 172
PPL Electric Utilities Corp [Member]
       
Operating Revenues        
Total Operating Revenues 477 464 1,518 1,391
Operation        
Energy purchases - realized 128 144 431 436
Energy purchases from affiliates 20 11 68 37
Other operation and maintenance 133 134 402 391
Depreciation 47 45 137 132
Taxes, other than income 25 25 80 77
Total Operating Expenses 353 359 1,118 1,073
Operating Income (Loss) 124 105 400 318
Other Income (Expense) - net 3 2 6 5
Interest Expense 33 30 91 80
Income (Loss) Before Income Taxes 94 77 315 243
Income Taxes 37 26 121 83
Net Income (Loss) 57 [1] 51 [1] 194 [1] 160 [1]
LG And E And KU Energy LLC [Member]
       
Operating Revenues        
Total Operating Revenues 753 744 2,409 2,226
Operation        
Fuel 240 237 748 684
Energy purchases - realized 24 23 184 146
Other operation and maintenance 197 188 609 582
Depreciation 89 84 262 249
Taxes, other than income 13 12 39 36
Total Operating Expenses 563 544 1,842 1,697
Operating Income (Loss) 190 200 567 529
Other Income (Expense) - net (2) (4) (6) (6)
Interest Expense 42 37 125 110
Interest Expense with Affiliates 0 0 0 1
Income (Loss) Before Income Taxes 146 159 436 412
Income Taxes 55 59 165 153
Income (Loss) from Continuing Operations After Income Taxes 91 100 271 259
Income (Loss) from Discontinued Operations (net of income taxes) 0 0 0 1
Net Income (Loss) 91 [1] 100 [1] 271 [1] 260 [1]
Louisville Gas And Electric Co [Member]
       
Operating Revenues        
Retail electric 334 332 1,096 1,003
Revenue to affiliates 13 11 74 46
Total Operating Revenues 347 343 1,170 1,049
Operation        
Fuel 99 100 320 284
Energy purchases - realized 20 18 167 129
Energy purchases from affiliates 3 2 11 6
Other operation and maintenance 94 93 286 278
Depreciation 39 37 116 110
Taxes, other than income 6 6 19 18
Total Operating Expenses 261 256 919 825
Operating Income (Loss) 86 87 251 224
Other Income (Expense) - net 0 (1) (3) (3)
Interest Expense 13 10 37 30
Income (Loss) Before Income Taxes 73 76 211 191
Income Taxes 27 27 78 69
Net Income (Loss) 46 [2] 49 [2] 133 [2] 122 [2]
Kentucky Utilities Co [Member]
       
Operating Revenues        
Retail electric 419 412 1,313 1,223
Revenue to affiliates 3 2 11 6
Total Operating Revenues 422 414 1,324 1,229
Operation        
Fuel 141 137 428 400
Energy purchases - realized 4 5 17 17
Energy purchases from affiliates 13 11 74 46
Other operation and maintenance 97 91 302 286
Depreciation 50 46 145 138
Taxes, other than income 7 6 20 18
Total Operating Expenses 312 296 986 905
Operating Income (Loss) 110 118 338 324
Other Income (Expense) - net (1) (2) (1) (1)
Interest Expense 19 17 58 51
Income (Loss) Before Income Taxes 90 99 279 272
Income Taxes 34 36 106 101
Net Income (Loss) $ 56 [1] $ 63 [1] $ 173 [1] $ 171 [1]
[1]

Net income approximates comprehensive income.

[2]

Net income equals comprehensive income.