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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net income (loss) $ 1,042 $ 1,229
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 930 859
Amortization 168 164
Defined benefit plans - expense 71 135
Deferred income taxes and investment tax credits 266 301
Unrealized (gains) losses on derivatives, and other hedging activities 117 126
Adjustment to WPD line loss accrual 65 45
Stock compensation expense 52 45
Other 38 2
Change in current assets and current liabilities    
Accounts receivable (29) (79)
Accounts payable (126) (140)
Unbilled revenues 163 197
Fuel, materials and supplies (60) (14)
Counterparty collateral (18) (77)
Taxes payable 208 76
Uncertain tax positions 1 (104)
Other (5) (89)
Other operating activities    
Defined benefit plans - funding (322) (505)
Other assets 8 (59)
Other liabilities 59 111
Net cash provided by (used in) operating activities 2,628 2,223
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (2,878) (2,768)
Expenditures for intangible assets (74) (61)
Purchases of nuclear plant decommissioning trust investments (124) (102)
Proceeds from the sale of nuclear plant decommissioning trust investments 112 92
Proceeds from receipt of grants 164 5
Net (increase) decrease in restricted cash and cash equivalents (187) 13
Other investing activities 13 33
Net cash provided by (used in) investing activities (2,974) (2,788)
Cash Flows from Financing Activities    
Issuance of long-term debt 296 862
Retirement of long-term debt (545) (309)
Repurchase of common stock 0 (74)
Issuance of common stock 1,037 1,409
Payment of common stock dividends (718) (645)
Debt issuance and credit facility costs (21) (37)
Contract adjustment payments (21) (72)
Net increase (decrease) in short-term debt 398 (148)
Other financing activities (7) (20)
Net cash provided by (used in) financing activities 419 966
Effect of Exchange Rates on Cash and Cash Equivalents 13 (11)
Net Increase (Decrease) in Cash and Cash Equivalents 86 390
Cash and Cash Equivalents at Beginning of Period 1,102 901
Cash and Cash Equivalents at End of Period 1,188 1,291
PPL Energy Supply LLC [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 48 173
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 242 237
Amortization 117 111
Defined benefit plans - expense 34 39
Deferred income taxes and investment tax credits (150) 112
Impairment of assets 20 0
Unrealized (gains) losses on derivatives, and other hedging activities 216 98
Other 19 9
Change in current assets and current liabilities    
Accounts receivable (1) 71
Accounts payable (45) (108)
Unbilled revenues 41 135
Fuel, materials and supplies (67) (18)
Counterparty collateral (18) (77)
Price risk management assets and liabilities (34) 1
Taxes payable 70 (43)
Other (9) 10
Other operating activities    
Defined benefit plans - funding (32) (107)
Other assets (2) (32)
Other liabilities 16 (28)
Net cash provided by (used in) operating activities 465  
Net cash provided by (used in) operating activities   583
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (276) (341)
Expenditures for intangible assets (38) (33)
Purchases of nuclear plant decommissioning trust investments (124) (102)
Proceeds from the sale of nuclear plant decommissioning trust investments 112 92
Proceeds from receipt of grants 164 4
Net (increase) decrease in restricted cash and cash equivalents (199) 9
Other investing activities 17 20
Net cash provided by (used in) investing activities (344)  
Net cash provided by (used in) investing activities   (351)
Cash Flows from Financing Activities    
Retirement of long-term debt (308) (309)
Contributions from member 730 980
Distributions to member (1,178) (408)
Net increase (decrease) in short-term debt 590 (356)
Other financing activities 0 (1)
Net cash provided by (used in) financing activities (166)  
Net cash provided by (used in) financing activities   (94)
Net Increase (Decrease) in Cash and Cash Equivalents (45) 138
Cash and Cash Equivalents at Beginning of Period 239 413
Cash and Cash Equivalents at End of Period 194 551
PPL Electric Utilities Corp [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 194 [1] 160 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 137 132
Amortization 13 13
Defined benefit plans - expense 10 16
Deferred income taxes and investment tax credits 65 103
Other (20) (7)
Change in current assets and current liabilities    
Accounts receivable (45) (14)
Accounts payable (25) (42)
Unbilled revenues 40 34
Taxes payable 45 24
Other 4 (19)
Other operating activities    
Defined benefit plans - funding (20) (88)
Other assets 8 6
Other liabilities 6 9
Net cash provided by (used in) operating activities 412 327
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (700) (688)
Expenditures for intangible assets (25) (20)
Net (increase) decrease in notes receivable from affiliates 150 0
Other investing activities 13 11
Net cash provided by (used in) investing activities (562) (697)
Cash Flows from Financing Activities    
Issuance of long-term debt 296 348
Retirement of long-term debt (10) 0
Payment of common stock dividends to parent (121) (94)
Contributions from member 95 205
Net increase (decrease) in short-term debt (20) 0
Other financing activities (4) (4)
Net cash provided by (used in) financing activities 236 455
Net Increase (Decrease) in Cash and Cash Equivalents 86 85
Cash and Cash Equivalents at Beginning of Period 25 140
Cash and Cash Equivalents at End of Period 111 225
LG And E And KU Energy LLC [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 271 [1] 260 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 262 249
Amortization 18 19
Defined benefit plans - expense 18 38
Deferred income taxes and investment tax credits 251 99
Other 11 6
Change in current assets and current liabilities    
Accounts receivable (31) (78)
Accounts payable 7 34
Accounts payable to affiliates (2) 1
Unbilled revenues 49 19
Fuel, materials and supplies 4 1
Taxes payable 5 83
Accrued interest 36 30
Other (10) 0
Other operating activities    
Defined benefit plans - funding (43) (159)
Settlement of interest rate swaps 0 98
Other assets 0 9
Other liabilities 5 14
Net cash provided by (used in) operating activities 851 723
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (843) (891)
Net (increase) decrease in notes receivable from affiliates 70 0
Other investing activities 0 2
Net cash provided by (used in) investing activities (773) (889)
Cash Flows from Financing Activities    
Contributions from member 139 146
Distributions to member (327) (116)
Debt issuance and credit facility costs (3) 0
Net increase (decrease) in notes payable to affiliates 22 27
Net increase (decrease) in short-term debt 103 87
Net cash provided by (used in) financing activities (66) 144
Net Increase (Decrease) in Cash and Cash Equivalents 12 (22)
Cash and Cash Equivalents at Beginning of Period 35 43
Cash and Cash Equivalents at End of Period 47 21
Louisville Gas And Electric Co [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 133 [2] 122 [2]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 116 110
Amortization 9 9
Defined benefit plans - expense 7 13
Deferred income taxes and investment tax credits 31 22
Other (2) 10
Change in current assets and current liabilities    
Accounts receivable (8) (20)
Accounts payable 8 18
Accounts payable to affiliates (4) 7
Unbilled revenues 27 10
Fuel, materials and supplies 5 2
Taxes payable 10 32
Accrued interest 9 3
Other 1 9
Other operating activities    
Defined benefit plans - funding (12) (45)
Settlement of interest rate swaps 0 49
Other assets 1 9
Other liabilities (4) 2
Net cash provided by (used in) operating activities 327 362
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (422) (376)
Net cash provided by (used in) investing activities (422) (376)
Cash Flows from Financing Activities    
Contributions from parent 73 54
Payment of common stock dividends to parent (83) (67)
Debt issuance and credit facility costs (1) 0
Net increase (decrease) in short-term debt 123 17
Net cash provided by (used in) financing activities 112 4
Net Increase (Decrease) in Cash and Cash Equivalents 17 (10)
Cash and Cash Equivalents at Beginning of Period 8 22
Cash and Cash Equivalents at End of Period 25 12
Kentucky Utilities Co [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 173 [1] 171 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 145 138
Amortization 8 9
Defined benefit plans - expense 4 16
Deferred income taxes and investment tax credits 129 73
Other 11 (3)
Change in current assets and current liabilities    
Accounts receivable (11) (46)
Accounts payable 6 25
Accounts payable to affiliates 4 (9)
Unbilled revenues 22 9
Fuel, materials and supplies (1) (1)
Taxes payable (12) 39
Accrued interest 18 15
Other (8) (3)
Other operating activities    
Defined benefit plans - funding (4) (62)
Settlement of interest rate swaps 0 49
Other assets (2) (2)
Other liabilities 4 1
Net cash provided by (used in) operating activities 486 419
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (418) (512)
Other investing activities 0 2
Net cash provided by (used in) investing activities (418) (510)
Cash Flows from Financing Activities    
Contributions from parent 66 92
Payment of common stock dividends to parent (112) (83)
Debt issuance and credit facility costs (1) 0
Net increase (decrease) in short-term debt (20) 70
Net cash provided by (used in) financing activities (67) 79
Net Increase (Decrease) in Cash and Cash Equivalents 1 (12)
Cash and Cash Equivalents at Beginning of Period 21 21
Cash and Cash Equivalents at End of Period $ 22 $ 9
[1]

Net income approximates comprehensive income.

[2]

Net income equals comprehensive income.