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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net Income $ 403 $ 481
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 242 229
Amortization 23 18
Defined benefit plans - expense (income) (19) (13)
Deferred income taxes and investment tax credits 161 162
Unrealized (gains) losses on derivatives, and other hedging activities 35 (34)
Stock-based compensation expense 19 13
Other (1) (5)
Change in current assets and current liabilities    
Accounts receivable (43) (62)
Accounts payable (84) (43)
Unbilled revenues 52 18
Fuel, materials and supplies 44 25
Prepayments (110) (86)
Taxes payable (21) 15
Other current liabilities (60) (66)
Other 5 18
Other operating activities    
Defined benefit plans - funding (520) (123)
Other assets 5 (5)
Other liabilities 4 15
Net cash provided by operating activities 135 557
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (677) (656)
Expenditures for intangible assets (3) (6)
Net (increase) decrease in restricted cash and cash equivalents 2 0
Other investing activities 1 1
Net cash used in investing activities (677) (661)
Cash Flows from Financing Activities    
Issuance of long-term debt 64 224
Retirement of long-term debt 0 (224)
Issuance of common stock 73 42
Payment of common stock dividends (258) (255)
Net increase (decrease) in short-term debt 744 351
Other financing activities (16) (23)
Net cash provided by (used in) financing activities 607 115
Net Increase (Decrease) in Cash and Cash Equivalents 68 (22)
Effect of Exchange Rates on Cash and Cash Equivalents 3 (33)
Cash and Cash Equivalents at Beginning of Period 341 836
Cash and Cash Equivalents at End of Period 409 814
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 236 279
Accrued expenditures for intangible assets at March 31, 62 64
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 79 94
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 75 59
Amortization 8 7
Defined benefit plans - expense (income) 5 2
Deferred income taxes and investment tax credits 41 65
Other 0 (5)
Change in current assets and current liabilities    
Accounts receivable (27) (43)
Accounts payable (18) (2)
Unbilled revenues 12 5
Prepayments (75) (21)
Regulatory assets and liabilities (11) (21)
Taxes payable 0 (8)
Other (14) (12)
Other operating activities    
Defined benefit plans - funding (24) 0
Other assets 5 3
Other liabilities (1) 1
Net cash provided by operating activities 55 124
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (274) (214)
Expenditures for intangible assets (2) (1)
Net cash used in investing activities (276) (215)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 224
Retirement of long-term debt 0 (224)
Contributions from parent 100 0
Payment of common stock dividends to parent (76) (45)
Net increase (decrease) in short-term debt 204 125
Other financing activities 0 (2)
Net cash provided by (used in) financing activities 228 78
Net Increase (Decrease) in Cash and Cash Equivalents 7 (13)
Cash and Cash Equivalents at Beginning of Period 13 47
Cash and Cash Equivalents at End of Period 20 34
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 122 115
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income [2] 103 120
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 105 99
Amortization 7 7
Defined benefit plans - expense (income) 8 7
Deferred income taxes and investment tax credits 48 68
Change in current assets and current liabilities    
Accounts receivable 21 (15)
Accounts payable (28) 25
Accounts payable to affiliates 7 5
Unbilled revenues 22 8
Fuel, materials and supplies 41 21
Taxes payable (2) (25)
Accrued interest 42 42
Other (38) (24)
Other operating activities    
Defined benefit plans - funding (22) (33)
Expenditures for asset retirement obligations (6) (2)
Other assets 1 0
Other liabilities 3 0
Net cash provided by operating activities 312 303
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (184) (219)
Net cash used in investing activities (184) (219)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate (81) 93
Debt issuance and credit facility costs (1) (1)
Net increase (decrease) in short-term debt 58 (149)
Distributions to member (102) (29)
Net cash provided by (used in) financing activities (126) (86)
Net Increase (Decrease) in Cash and Cash Equivalents 2 (2)
Cash and Cash Equivalents at Beginning of Period 13 30
Cash and Cash Equivalents at End of Period 15 28
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 75 117
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [1] 54 56
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 44 41
Amortization 3 3
Defined benefit plans - expense (income) 2 3
Deferred income taxes and investment tax credits 31 37
Change in current assets and current liabilities    
Accounts receivable 13 (5)
Accounts receivable from affiliates 1 (4)
Accounts payable (12) 5
Accounts payable to affiliates (4) 0
Unbilled revenues 9 7
Fuel, materials and supplies 33 31
Taxes payable (28) (9)
Accrued interest 13 13
Other (11) (9)
Other operating activities    
Defined benefit plans - funding (1) (13)
Expenditures for asset retirement obligations (4) (1)
Other assets 2 0
Other liabilities (3) 2
Net cash provided by operating activities 142 157
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (94) (109)
Net cash used in investing activities (94) (109)
Cash Flows from Financing Activities    
Contributions from parent 0 30
Debt issuance and credit facility costs 0 (1)
Payment of common stock dividends to parent (87) (25)
Net increase (decrease) in short-term debt 38 (60)
Net cash provided by (used in) financing activities (49) (56)
Net Increase (Decrease) in Cash and Cash Equivalents (1) (8)
Cash and Cash Equivalents at Beginning of Period 5 19
Cash and Cash Equivalents at End of Period 4 11
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 34 77
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [2] 63 75
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 60 58
Amortization 4 4
Defined benefit plans - expense (income) 2 2
Deferred income taxes and investment tax credits 37 44
Change in current assets and current liabilities    
Accounts receivable 8 (8)
Accounts payable (4) 23
Accounts payable to affiliates (7) 2
Unbilled revenues 13 1
Fuel, materials and supplies 8 (10)
Taxes payable (34) (8)
Accrued interest 22 22
Other (12) 1
Other operating activities    
Defined benefit plans - funding (19) (10)
Expenditures for asset retirement obligations (2) (1)
Other assets (1) 0
Other liabilities 1 0
Net cash provided by operating activities 139 195
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (89) (110)
Net cash used in investing activities (89) (110)
Cash Flows from Financing Activities    
Debt issuance and credit facility costs 0 (1)
Payment of common stock dividends to parent (70) (64)
Net increase (decrease) in short-term debt 20 (14)
Net cash provided by (used in) financing activities (50) (79)
Net Increase (Decrease) in Cash and Cash Equivalents 0 6
Cash and Cash Equivalents at Beginning of Period 7 11
Cash and Cash Equivalents at End of Period 7 17
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, $ 41 $ 40
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.