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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net Income (Loss) $ 964 $ (110)
Loss from discontinued operations (net of income taxes) 0 912
Income from Continuing Operations After Income Taxes 964 802
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 460 432
Amortization 37 27
Defined benefit plans - expense (income) (24) 32
Deferred income taxes and investment tax credits 320 256
Unrealized (gains) losses on derivatives, and other hedging activities (192) 62
Stock-based compensation expense 18 38
Other (11) 11
Change in current assets and current liabilities    
Accounts receivable 16 (74)
Accounts payable (39) (83)
Unbilled revenues (2) 79
Prepayments (66) (61)
Counterparty collateral 76 0
Taxes payable 22 (129)
Accrued interest (85) (87)
Other current liabilities (47) (91)
Other 0 13
Other operating activities    
Defined benefit plans - funding (224) (289)
Other assets 2 (29)
Other liabilities (55) 61
Net cash provided by operating activities - continuing operations 1,170 970
Net cash provided by operating activities - discontinued operations 0 343
Net cash provided by operating activities 1,170 1,313
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (1,346) (1,679)
Expenditures for intangible assets (14) (24)
Proceeds from the sale of other investments 0 135
Other investing activities 13 (7)
Net cash provided by (used in) investing activities - continuing operations (1,347) (1,575)
Net cash provided by (used in) investing activities - discontinued operations 0 (149)
Net cash provided by (used in) investing activities (1,347) (1,724)
Cash Flows from Financing Activities    
Issuance of long-term debt 1,020 88
Retirement of long-term debt (684) 0
Settlement of cross-currency swaps 46 0
Issuance of common stock 76 83
Payment of common stock dividends (513) (500)
Net increase (decrease) in short-term debt (66) 276
Other financing activities (31) (18)
Net cash provided by (used in) financing activities - continuing operations (152) (71)
Net cash provided by (used in) financing activities - discontinued operations 0 (546)
Net cash distributions to parent from discontinued operations 0 132
Net cash provided by (used in) financing activities (152) (485)
Effect of Exchange Rates on Cash and Cash Equivalents (15) (9)
Net (Increase) Decrease in Cash and Cash Equivalents included in Discontinued Operations 0 (352)
Net Increase (Decrease) in Cash and Cash Equivalents (344) (553)
Cash and Cash Equivalents at Beginning of Period 836 1,399
Cash and Cash Equivalents at End of Period 492 846
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income (Loss) [1] 173 136
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 121 103
Amortization 15 14
Defined benefit plans - expense (income) 7 8
Deferred income taxes and investment tax credits 107 39
Other (10) (6)
Change in current assets and current liabilities    
Accounts receivable (6) (24)
Accounts payable (26) (93)
Unbilled revenues 3 25
Prepayments 3 (80)
Regulatory assets and liabilities (40) 36
Taxes payable (16) (55)
Other (6) (14)
Other operating activities    
Defined benefit plans - funding 0 (33)
Other assets 11 (2)
Other liabilities (8) 22
Net cash provided by operating activities - continuing operations 328 76
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (424) (480)
Other investing activities (3) (3)
Net cash provided by (used in) investing activities - continuing operations (427) (483)
Cash Flows from Financing Activities    
Issuance of long-term debt 224 0
Retirement of long-term debt (224) 0
Contributions from parent 200 160
Payment of common stock dividends to parent (117) (107)
Net increase (decrease) in short-term debt 6 168
Other financing activities (2) 0
Net cash provided by (used in) financing activities - continuing operations 87 221
Cash and Cash Equivalents, Period Increase (Decrease) (12) (186)
Cash and Cash Equivalents at Beginning of Period 47 214
Cash and Cash Equivalents at End of Period 35 28
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income (Loss) [1] 204 177
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 199 189
Amortization 15 12
Defined benefit plans - expense (income) 13 21
Deferred income taxes and investment tax credits 121 145
Other (1) 23
Change in current assets and current liabilities    
Accounts receivable 5 13
Accounts payable 28 10
Unbilled revenues (14) 12
Fuel, materials and supplies 20 54
Income tax receivable 4 136
Taxes payable (13) 23
Accrued interest (1) 0
Other (22) (30)
Other operating activities    
Defined benefit plans - funding (45) (63)
Expenditures for asset retirement obligations (8) (3)
Other assets 1 7
Other liabilities 0 (23)
Net cash provided by operating activities - continuing operations 506 703
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (439) (630)
Other investing activities 0 4
Net cash provided by (used in) investing activities - continuing operations (439) (626)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 123 18
Net increase (decrease) in short-term debt (126) (14)
Debt issuance and credit facility costs (1) 0
Distributions to member (114) (109)
Proceeds from Contributions from Affiliates 37 20
Net cash provided by (used in) financing activities - continuing operations (81) (85)
Net Increase (Decrease) in Cash and Cash Equivalents (14) (8)
Cash and Cash Equivalents at Beginning of Period 30 21
Cash and Cash Equivalents at End of Period 16 13
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income (Loss) [1] 96 88
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 83 82
Amortization 6 6
Defined benefit plans - expense (income) 4 8
Deferred income taxes and investment tax credits 62 58
Other 0 24
Change in current assets and current liabilities    
Accounts receivable (2) 13
Accounts receivable from affiliates (7) 7
Accounts payable 20 (12)
Accounts payable to affiliates 8 (4)
Unbilled revenues (1) 9
Fuel, materials and supplies 29 51
Income tax receivable 4 74
Taxes payable 0 9
Other (6) (2)
Other operating activities    
Defined benefit plans - funding (16) (25)
Expenditures for asset retirement obligations (6) (3)
Other assets (4) 12
Other liabilities 3 (6)
Net cash provided by operating activities - continuing operations 273 389
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (237) (349)
Net cash provided by (used in) investing activities - continuing operations (237) (349)
Cash Flows from Financing Activities    
Contributions from parent 47 20
Payment of common stock dividends to parent (61) (58)
Net increase (decrease) in short-term debt (32) (5)
Debt issuance and credit facility costs (1) 0
Net cash provided by (used in) financing activities - continuing operations (47) (43)
Net Increase (Decrease) in Cash and Cash Equivalents (11) (3)
Cash and Cash Equivalents at Beginning of Period 19 10
Cash and Cash Equivalents at End of Period 8 7
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income (Loss) [2] 129 117
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 116 107
Amortization 7 4
Defined benefit plans - expense (income) 3 6
Deferred income taxes and investment tax credits 77 84
Other (1) (1)
Change in current assets and current liabilities    
Accounts receivable 11 0
Accounts receivable from affiliates 1 0
Accounts payable 11 27
Accounts payable to affiliates 12 (11)
Unbilled revenues (13) 3
Fuel, materials and supplies (9) 3
Income tax receivable 0 60
Taxes payable (3) 14
Accrued interest (1) 0
Other (10) (9)
Other operating activities    
Defined benefit plans - funding (13) (19)
Expenditures for asset retirement obligations (2) 0
Other assets (3) (1)
Other liabilities (1) (24)
Net cash provided by operating activities - continuing operations 311 360
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (201) (279)
Other investing activities 0 4
Net cash provided by (used in) investing activities - continuing operations (201) (275)
Cash Flows from Financing Activities    
Contributions from parent 20 0
Payment of common stock dividends to parent (113) (81)
Net increase (decrease) in short-term debt (19) (9)
Debt issuance and credit facility costs (1) 0
Net cash provided by (used in) financing activities - continuing operations (113) (90)
Net Increase (Decrease) in Cash and Cash Equivalents (3) (5)
Cash and Cash Equivalents at Beginning of Period 11 11
Cash and Cash Equivalents at End of Period $ 8 $ 6
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.