XML 63 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating Revenues        
Operating Revenues $ 1,878 $ 1,879 $ 5,889 $ 5,906
Operation        
Fuel 228 240 695 748
Energy purchases 177 173 676 683
Other operation and maintenance 482 467 1,405 1,382
Depreciation 226 233 658 688
Taxes, other than income 79 78 241 238
Total Operating Expenses 1,192 1,191 3,675 3,739
Operating Income 686 688 2,214 2,167
Other Income (Expense) - net 75 136 61 33
Interest Expense 221 213 645 637
Income Before Income Taxes 540 611 1,630 1,563
Income Taxes 144 201 432 534
Income from Continuing Operations After Income Taxes 396 410 1,198 1,029
Income (Loss) from Discontinued Operations (net of income taxes) (3) 87 (915) 13
Net Income $ 393 $ 497 $ 283 $ 1,042
Income from Continuing Operations After Income Taxes Available to PPL Common Shareowners:        
Basic (in dollars per share) $ 0.59 $ 0.61 $ 1.78 $ 1.58
Diluted (in dollars per share) 0.59 0.61 1.78 1.55
Net Income Available to PPL Common Shareowners:        
Basic (in dollars per share) 0.58 0.74 0.42 1.6
Diluted (in dollars per share) 0.58 0.74 0.42 1.57
Dividends Declared Per Share of Common Stock $ 0.3775 $ 0.3725 $ 1.1225 $ 1.1175
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic 670,763 664,432 668,731 649,561
Diluted 673,702 666,402 671,254 665,501
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 519 $ 477 $ 1,625 $ 1,518
Operation        
Energy purchases 154 128 519 431
Energy purchases from affiliates 0 20 14 68
Other operation and maintenance 162 133 435 402
Depreciation 55 47 158 137
Taxes, other than income 27 25 87 80
Total Operating Expenses 398 353 1,213 1,118
Operating Income 121 124 412 400
Other Income (Expense) - net 1 3 5 6
Interest Expense 32 33 96 91
Income Before Income Taxes 90 94 321 315
Income Taxes 35 37 130 121
Net Income [1] 55 57 191 194
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Operating Revenues 801 753 2,414 2,409
Operation        
Fuel 228 240 695 748
Energy purchases 23 24 143 184
Other operation and maintenance 202 197 625 609
Depreciation 97 89 286 262
Taxes, other than income 14 13 43 39
Total Operating Expenses 564 563 1,792 1,842
Operating Income 237 190 622 567
Other Income (Expense) - net (1) (2) (3) (6)
Interest Expense 43 42 127 125
Interest Expense with Affiliates 0 0 1 0
Income Before Income Taxes 193 146 491 436
Income Taxes 73 55 194 165
Net Income 120 91 297 271
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 349 334 1,089 1,096
Electric revenue from affiliates 2 13 32 74
Operating Revenues 351 347 1,121 1,170
Operation        
Fuel 82 99 267 320
Energy purchases 18 20 129 167
Energy purchases from affiliates 9 3 17 11
Other operation and maintenance 87 94 286 286
Depreciation 40 39 122 116
Taxes, other than income 7 6 21 19
Total Operating Expenses 243 261 842 919
Operating Income 108 86 279 251
Other Income (Expense) - net (1) 0 (3) (3)
Interest Expense 13 13 39 37
Income Before Income Taxes 94 73 237 211
Income Taxes 36 27 91 78
Net Income [2] 58 46 146 133
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 452 419 1,325 1,313
Electric revenue from affiliates 9 3 17 11
Operating Revenues 461 422 1,342 1,324
Operation        
Fuel 146 141 428 428
Energy purchases 5 4 14 17
Energy purchases from affiliates 2 13 32 74
Other operation and maintenance 108 97 321 302
Depreciation 57 50 164 145
Taxes, other than income 7 7 22 20
Total Operating Expenses 325 312 981 986
Operating Income 136 110 361 338
Other Income (Expense) - net 0 (1) 1 (1)
Interest Expense 20 19 58 58
Income Before Income Taxes 116 90 304 279
Income Taxes 44 34 115 106
Net Income [1] $ 72 $ 56 $ 189 $ 173
[1] Net income approximates comprehensive income.
[2] Net income equals comprehensive income.