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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net Income $ 695 $ 964
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 488 460
Amortization 45 37
Defined benefit plans - expense (income) (45) (24)
Deferred income taxes and investment tax credits 201 320
Unrealized (gains) losses on derivatives, and other hedging activities 135 (192)
Stock-based compensation expense 22 18
Other (5) (11)
Change in current assets and current liabilities    
Accounts receivable 26 16
Accounts payable (92) (39)
Unbilled revenues 70 (2)
Fuel, materials and supplies 42 21
Prepayments (66) (66)
Counterparty collateral 8 76
Taxes payable (27) 22
Accrued interest (77) (85)
Other current liabilities (52) (47)
Other (14) (21)
Other operating activities    
Defined benefit plans - funding (552) (224)
Other assets (1) 2
Other liabilities (11) (55)
Net cash provided by operating activities 790 1,170
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (1,373) (1,346)
Expenditures for intangible assets (15) (14)
Other investing activities 6 13
Net cash used in investing activities (1,382) (1,347)
Cash Flows from Financing Activities    
Issuance of long-term debt 594 1,020
Retirement of long-term debt (60) (684)
Settlement of cross-currency swaps 0 46
Issuance of common stock 177 76
Payment of common stock dividends (529) (513)
Net increase (decrease) in short-term debt 554 (66)
Other financing activities (25) (31)
Net cash provided by (used in) financing activities 711 (152)
Effect of Exchange Rates on Cash and Cash Equivalents 7 (15)
Net Increase (Decrease) in Cash and Cash Equivalents 126 (344)
Cash and Cash Equivalents at Beginning of Period 341 836
Cash and Cash Equivalents at End of Period 467 492
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 284 283
Accrued expenditures for intangible assets at June 30, 56 94
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 156 173
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 151 121
Amortization 15 15
Defined benefit plans - expense (income) 7 7
Deferred income taxes and investment tax credits 84 107
Other (4) (10)
Change in current assets and current liabilities    
Accounts receivable 13 (6)
Accounts payable (59) (26)
Unbilled revenues 17 3
Prepayments (52) 3
Regulatory assets and liabilities (12) (40)
Taxes payable (4) (16)
Other (6) (6)
Other operating activities    
Defined benefit plans - funding (24) 0
Other assets (4) 11
Other liabilities 1 (8)
Net cash provided by operating activities 279 328
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (550) (424)
Expenditures for intangible assets (5) (2)
Net increase in notes receivable from affiliate (270) 0
Other investing activities 1 (1)
Net cash used in investing activities (824) (427)
Cash Flows from Financing Activities    
Issuance of long-term debt 470 224
Retirement of long-term debt 0 (224)
Contributions from parent 575 200
Payment of common stock dividends to parent (154) (117)
Net increase (decrease) in short-term debt (295) 6
Other financing activities (5) (2)
Net cash provided by (used in) financing activities 591 87
Net Increase (Decrease) in Cash and Cash Equivalents 46 (12)
Cash and Cash Equivalents at Beginning of Period 13 47
Cash and Cash Equivalents at End of Period 59 35
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 157 130
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income 190 204
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 210 199
Amortization 14 15
Defined benefit plans - expense (income) 12 13
Deferred income taxes and investment tax credits 91 121
Other 0 (1)
Change in current assets and current liabilities    
Accounts receivable 13 9
Accounts payable (28) 28
Unbilled revenues 23 (14)
Fuel, materials and supplies 41 20
Taxes payable 3 (13)
Other (21) (23)
Other operating activities    
Defined benefit plans - funding (29) (45)
Expenditures for asset retirement obligations (12) (8)
Other assets (2) 1
Other liabilities 6 0
Net cash provided by operating activities 511 506
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (355) (439)
Net cash used in investing activities (355) (439)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate (4) 123
Issuance of long-term debt 60 0
Retirement of long-term debt (60) 0
Debt issuance and credit facility costs (1) (1)
Net increase (decrease) in short-term debt 73 (126)
Distributions to member (218) (114)
Contributions from member 0 37
Net cash provided by (used in) financing activities (150) (81)
Net Increase (Decrease) in Cash and Cash Equivalents 6 (14)
Cash and Cash Equivalents at Beginning of Period 13 30
Cash and Cash Equivalents at End of Period 19 16
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 83 105
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [1] 96 96
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 89 83
Amortization 7 6
Defined benefit plans - expense (income) 3 4
Deferred income taxes and investment tax credits 57 62
Change in current assets and current liabilities    
Accounts receivable 9 2
Accounts receivable from affiliates 11 (7)
Accounts payable (17) 20
Accounts payable to affiliates (3) 8
Unbilled revenues 14 (1)
Fuel, materials and supplies 33 29
Taxes payable (23) 0
Other (3) (6)
Other operating activities    
Defined benefit plans - funding (3) (16)
Expenditures for asset retirement obligations (7) (6)
Other assets 0 (4)
Other liabilities 1 3
Net cash provided by operating activities 264 273
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (177) (237)
Net cash used in investing activities (177) (237)
Cash Flows from Financing Activities    
Issuance of long-term debt 60 0
Retirement of long-term debt (60) 0
Contributions from parent 0 47
Debt issuance and credit facility costs (1) (1)
Payment of common stock dividends to parent (122) (61)
Net increase (decrease) in short-term debt 38 (32)
Net cash provided by (used in) financing activities (85) (47)
Net Increase (Decrease) in Cash and Cash Equivalents 2 (11)
Cash and Cash Equivalents at Beginning of Period 5 19
Cash and Cash Equivalents at End of Period 7 8
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 40 69
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [2] 119 129
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 121 116
Amortization 6 7
Defined benefit plans - expense (income) 2 3
Deferred income taxes and investment tax credits 70 77
Other 0 (1)
Change in current assets and current liabilities    
Accounts receivable 5 11
Accounts receivable from affiliates 0 1
Accounts payable (1) 11
Accounts payable to affiliates (15) 12
Unbilled revenues 9 (13)
Fuel, materials and supplies 8 (9)
Taxes payable (29) (3)
Other (13) (11)
Other operating activities    
Defined benefit plans - funding (21) (13)
Expenditures for asset retirement obligations (5) (2)
Other assets (3) (3)
Other liabilities 4 (1)
Net cash provided by operating activities 257 311
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (177) (201)
Net cash used in investing activities (177) (201)
Cash Flows from Financing Activities    
Contributions from parent 0 20
Debt issuance and credit facility costs 0 (1)
Payment of common stock dividends to parent (110) (113)
Net increase (decrease) in short-term debt 35 (19)
Net cash provided by (used in) financing activities (75) (113)
Net Increase (Decrease) in Cash and Cash Equivalents 5 (3)
Cash and Cash Equivalents at Beginning of Period 7 11
Cash and Cash Equivalents at End of Period 12 8
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, $ 43 $ 36
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.