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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities    
Net Income $ 1,437 $ 283
(Income) Loss from discontinued operations (net of income taxes) 0 915
Income from Continuing Operations After Income Taxes 1,437 1,198
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 692 658
Amortization 54 46
Defined benefit plans - expense (income) (29) 44
Deferred income taxes and investment tax credits 436 359
Unrealized (gains) losses on derivatives, and other hedging activities 107 (17)
Stock-based compensation expense 23 26
Other (12) 9
Change in current assets and current liabilities    
Accounts receivable (29) (5)
Accounts payable (40) (180)
Unbilled revenues 32 91
Fuel, materials and supplies 8 60
Prepayments (34) (43)
Taxes payable 40 (142)
Regulatory assets and liabilities (32) 46
Other (21) (5)
Other operating activities    
Defined benefit plans - funding (345) (396)
Settlement of interest rate swaps 0 (88)
Other assets 18 (42)
Other liabilities (75) 69
Net cash provided by operating activities - continuing operations 2,230 1,688
Net cash provided by operating activities - discontinued operations 0 343
Net cash provided by operating activities 2,230 2,031
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (2,073) (2,560)
Expenditures for intangible assets (23) (32)
Proceeds from the sale of other investments 2 136
Other investing activities 28 (7)
Net cash provided by (used in) investing activities - continuing operations (2,066) (2,463)
Net cash provided by (used in) investing activities - discontinued operations 0 (149)
Net cash provided by (used in) investing activities (2,066) (2,612)
Cash Flows from Financing Activities    
Issuance of long-term debt 1,241 1,137
Retirement of long-term debt (905) 0
Settlement of cross-currency swaps 46 0
Issuance of common stock 133 145
Payment of common stock dividends (772) (750)
Net increase (decrease) in short-term debt (268) (271)
Other financing activities (33) (30)
Net cash provided by (used in) financing activities - continuing operations (558) 231
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 (558) (183)
Effect of Exchange Rates on Cash and Cash Equivalents (26) (6)
Net (Increase) Decrease in Cash and Cash Equivalents included in Discontinued Operations 0 (352)
Net Increase (Decrease) in Cash and Cash Equivalents (420) (418)
Cash and Cash Equivalents at Beginning of Period 836 1,399
Cash and Cash Equivalents at End of Period 416 981
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 263 191
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 185 158
Amortization 19 19
Defined benefit plans - expense (income) 9 13
Deferred income taxes and investment tax credits 151 127
Other (14) (9)
Change in current assets and current liabilities    
Accounts receivable (6) 18
Accounts payable (1) (140)
Unbilled revenues 10 28
Prepayments 29 (17)
Taxes payable (6) (50)
Regulatory assets and liabilities (41) 46
Other (13) 13
Other operating activities    
Defined benefit plans - funding 0 (33)
Other assets 15 (6)
Other liabilities (5) 15
Net cash provided by operating activities - continuing operations 595 373
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (739) (758)
Expenditures for intangible assets 0 (9)
Other investing activities (1) 3
Net cash provided by (used in) investing activities - continuing operations (740) (764)
Cash Flows from Financing Activities    
Issuance of long-term debt 224 0
Retirement of long-term debt (224) 0
Contributions from parent 200 275
Payment of common stock dividends to parent (193) (140)
Net increase (decrease) in short-term debt 130 68
Other financing activities (3) 0
Net cash provided by (used in) financing activities - continuing operations 134 203
Cash and Cash Equivalents, Period Increase (Decrease) (11) (188)
Cash and Cash Equivalents at Beginning of Period 47 214
Cash and Cash Equivalents at End of Period 36 26
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income 337 297
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 301 286
Amortization 21 18
Defined benefit plans - expense (income) 20 29
Deferred income taxes and investment tax credits 212 199
Other 0 29
Change in current assets and current liabilities    
Accounts receivable (43) (1)
Accounts payable 7 (34)
Accounts payable to affiliates 4 (7)
Unbilled revenues 6 19
Fuel, materials and supplies 7 43
Income tax receivable 0 132
Accrued interest 42 37
Other (4) (2)
Other operating activities    
Defined benefit plans - funding (82) (66)
Expenditures for asset retirement obligations (15) (5)
Settlement of interest rate swaps 0 (88)
Other assets 1 (4)
Other liabilities 2 13
Net cash provided by operating activities - continuing operations 816 895
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (600) (928)
Other investing activities 1 7
Net cash provided by (used in) investing activities - continuing operations (599) (921)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 84 21
Issuance of long-term debt 221 1,050
Retirement of long-term debt (221) 0
Debt issuance and credit facility costs (3) (9)
Net increase (decrease) in short-term debt (130) (500)
Distributions to member (224) (157)
Contributions from member 37 55
Net cash provided by (used in) financing activities - continuing operations (236) 460
Net Increase (Decrease) in Cash and Cash Equivalents (19) 434
Cash and Cash Equivalents at Beginning of Period 30 21
Cash and Cash Equivalents at End of Period 11 455
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [1] 159 146
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 126 122
Amortization 10 9
Defined benefit plans - expense (income) 6 10
Deferred income taxes and investment tax credits 117 93
Other 0 25
Change in current assets and current liabilities    
Accounts receivable (19) 10
Accounts receivable from affiliates (11) 4
Accounts payable 24 (14)
Accounts payable to affiliates (6) (1)
Unbilled revenues 10 13
Fuel, materials and supplies 11 21
Income tax receivable 2 74
Accrued interest 13 9
Other 1 8
Other operating activities    
Defined benefit plans - funding (45) (25)
Expenditures for asset retirement obligations (11) (4)
Settlement of interest rate swaps 0 (44)
Other assets (3) 10
Other liabilities (1) 3
Net cash provided by operating activities - continuing operations 383 469
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (343) (519)
Net cash provided by (used in) investing activities - continuing operations (343) (519)
Cash Flows from Financing Activities    
Issuance of long-term debt 125 550
Retirement of long-term debt (125) 0
Contributions from parent 47 20
Debt issuance and credit facility costs (1) (5)
Payment of common stock dividends to parent (87) (81)
Net increase (decrease) in short-term debt (14) (264)
Net cash provided by (used in) financing activities - continuing operations (55) 220
Net Increase (Decrease) in Cash and Cash Equivalents (15) 170
Cash and Cash Equivalents at Beginning of Period 19 10
Cash and Cash Equivalents at End of Period 4 180
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [2] 207 189
Adjustments to reconcile Income from continuing operations (net of taxes) to net cash provided by operating activities - continuing operations    
Depreciation 175 164
Amortization 10 8
Defined benefit plans - expense (income) 4 9
Deferred income taxes and investment tax credits 122 132
Other (1) 4
Change in current assets and current liabilities    
Accounts receivable (24) (11)
Accounts payable (11) (18)
Accounts payable to affiliates 2 (7)
Unbilled revenues (4) 6
Fuel, materials and supplies (4) 22
Income tax receivable 0 60
Accrued interest 22 19
Other 2 6
Other operating activities    
Defined benefit plans - funding (19) (20)
Expenditures for asset retirement obligations (4) (1)
Settlement of interest rate swaps 0 (44)
Other assets (4) (9)
Other liabilities (4) 1
Net cash provided by operating activities - continuing operations 469 510
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (255) (407)
Other investing activities 1 7
Net cash provided by (used in) investing activities - continuing operations (254) (400)
Cash Flows from Financing Activities    
Issuance of long-term debt 96 500
Retirement of long-term debt (96) 0
Contributions from parent 20 0
Debt issuance and credit facility costs (1) (4)
Payment of common stock dividends to parent (197) (106)
Net increase (decrease) in short-term debt (41) (236)
Net cash provided by (used in) financing activities - continuing operations (219) 154
Net Increase (Decrease) in Cash and Cash Equivalents (4) 264
Cash and Cash Equivalents at Beginning of Period 11 11
Cash and Cash Equivalents at End of Period $ 7 $ 275
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.