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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net income $ 1,128 $ 1,902 $ 682
Loss from Discontinued Operations (net of income taxes) 0 0 921
Income from continuing operations (net of income taxes) 1,128 1,902 1,603
Adjustments to reconcile income from continuing operations (net of taxes) to net cash provided by (used in) operating activities - continuing operations      
Depreciation 1,008 926 883
Amortization 97 80 59
Defined benefit plans - expense (income) (95) (40) 56
Deferred income taxes and investment tax credits 707 560 428
Unrealized (gains) losses on derivatives, and other hedging activities 178 19 (77)
Stock compensation expense 38 28 31
Other (9) (12) (14)
Change in current assets and current liabilities      
Accounts receivable (33) (15) 47
Accounts payable (10) 57 (116)
Unbilled Revenues (48) (63) 54
Fuel, materials and supplies 40 (3) 24
Taxes payable 3 31 (175)
Regulatory assets and liabilities (12) (59) 42
Other 14 (32) (7)
Other operating activities      
Defined benefit plans - funding (565) (427) (499)
Settlement of interest rate swaps 2 (9) (101)
Other assets 30 42 (19)
Other liabilities (12) (95) 53
Net cash provided by operating activities - continuing operations 2,461 2,890 2,272
Net cash provided by operating activities - discontinued operations 0 0 343
Net cash provided by (used in) operating activities 2,461 2,890 2,615
Cash Flows from Investing Activities      
Expenditures for property, plant and equipment (3,133) (2,920) (3,533)
Expenditures for intangible assets (38) (37) (37)
Proceeds from the sale of other investments 0 2 136
Other investing activities 15 37 (5)
Net cash used in investing activities - continuing operations (3,156) (2,918) (3,439)
Net cash used in investing activities - discontinued operations 0 0 (149)
Net cash provided by (used in) investing activities (3,156) (2,918) (3,588)
Cash Flows from Financing Activities      
Issuance of long-term debt 1,515 1,342 2,236
Retirement of long-term debt (168) (930) (1,000)
Issuance of common stock 453 144 203
Payment of common stock dividends (1,072) (1,030) (1,004)
Net increase (decrease) in short-term debt 115 29 94
Other financing activities (19) 6 (47)
Net cash used in financing activities - discontinued operations 0 0 (546)
Net cash distributions to parent from discontinued operations 0   132
Net cash provided by (used in) financing activities 824 (439) 68
Effect of Exchange Rates on Cash and Cash Equivalents 15 (28) (10)
Net (Increase) Decrease in Cash and Cash Equivalents included in Discontinued Operations 0 0 352
Net Increase (Decrease) in Cash and Cash Equivalents 144 (495) (563)
Cash and Cash Equivalents at Beginning of Period 341 836 1,399
Cash and Cash Equivalents at End of Period 485 341 836
Supplemental Disclosures of Cash Flow Information:      
Interest - net of amount capitalized 845 854 822
Income taxes - net 65 70 179
Accrued expenditures for property, plant and equipment at December 31, 360 281 310
Accrued expenditures for intangible assets at December 31, 68 117 55
PPL Electric Utilities Corp [Member]      
Cash Flows from Operating Activities      
Net income [1] 362 340 252
Adjustments to reconcile income from continuing operations (net of taxes) to net cash provided by (used in) operating activities - continuing operations      
Depreciation 309 253 214
Amortization 33 32 26
Defined benefit plans - expense (income) 12 11 16
Deferred income taxes and investment tax credits 258 221 220
Other (8) (13) (12)
Change in current assets and current liabilities      
Accounts receivable (57) 16 50
Accounts payable 3 58 (107)
Unbilled Revenues (13) (23) 22
Prepayments 3 43 (1)
Taxes payable (4) (12) (108)
Regulatory assets and liabilities (5) (62) 35
Other (1) (7) 21
Other operating activities      
Defined benefit plans - funding (24) 0 (33)
Other assets 15 19 (10)
Other liabilities (3) (4) 17
Net cash provided by (used in) operating activities 880 872 602
Cash Flows from Investing Activities      
Expenditures for property, plant and equipment (1,244) (1,125) (1,097)
Expenditures for intangible assets (10) (9) (10)
Other investing activities 2 4 (1)
Net cash provided by (used in) investing activities (1,252) (1,130) (1,108)
Cash Flows from Financing Activities      
Issuance of long-term debt 470 224 348
Retirement of long-term debt 0 (224) (100)
Contributions from parent 575 220 275
Payment of common stock dividends to parent (336) (288) (181)
Net increase (decrease) in short-term debt (295) 295 0
Other financing activities (6) (3) (3)
Net cash provided by (used in) financing activities 408 224 339
Net Increase (Decrease) in Cash and Cash Equivalents 36 (34) (167)
Cash and Cash Equivalents at Beginning of Period 13 47 214
Cash and Cash Equivalents at End of Period 49 13 47
Supplemental Disclosures of Cash Flow Information:      
Interest - net of amount capitalized 128 115 117
Income taxes - net 4 (48) 38
Accrued expenditures for property, plant and equipment at December 31, 133 126 98
LG And E And KU Energy LLC [Member]      
Cash Flows from Operating Activities      
Net income 316 429 364
Adjustments to reconcile income from continuing operations (net of taxes) to net cash provided by (used in) operating activities - continuing operations      
Depreciation 439 404 382
Amortization 24 29 27
Defined benefit plans - expense (income) 25 27 38
Deferred income taxes and investment tax credits 294 291 236
Other 0 0 2
Change in current assets and current liabilities      
Accounts receivable (12) (31) 24
Accounts payable (9) 24 (58)
Unbilled Revenues (33) (23) 20
Accounts payable to affiliates 2 1 (2)
Fuel, materials and supplies 45 2 6
Income tax receivable 0 1 135
Taxes payable 27 (7) 10
Accrued interest 0 0 9
Other 34 (6) 23
Other operating activities      
Defined benefit plans - funding (35) (85) (70)
Settlement of interest rate swaps 0 (9) (88)
Expenditures for asset retirement obligations (34) (26) (7)
Other assets 8 2 (7)
Other liabilities 8 4 19
Net cash provided by (used in) operating activities 1,099 1,027 1,063
Cash Flows from Investing Activities      
Expenditures for property, plant and equipment (892) (791) (1,210)
Other investing activities 4 1 7
Net cash provided by (used in) investing activities (888) (790) (1,203)
Cash Flows from Financing Activities      
Issuance of long-term debt 160 221 1,050
Issuance of long-term note with affiliate 0 0 400
Retirement of long-term debt (70) (246) (900)
Contributions from member 0 61 125
Distributions to member (402) (316) (219)
Net increase (decrease) in notes payable to affiliates 62 109 13
Net increase (decrease) in short-term debt 59 (80) (310)
Other financing activities (3) (3) (10)
Net cash provided by (used in) financing activities (194) (254) 149
Net Increase (Decrease) in Cash and Cash Equivalents 17 (17) 9
Cash and Cash Equivalents at Beginning of Period 13 30 21
Cash and Cash Equivalents at End of Period 30 13 30
Supplemental Disclosures of Cash Flow Information:      
Interest - net of amount capitalized 204 198 163
Income taxes - net 48 (24) (139)
Accrued expenditures for property, plant and equipment at December 31, 174 104 150
Louisville Gas And Electric Co [Member]      
Cash Flows from Operating Activities      
Net income [2] 213 203 185
Adjustments to reconcile income from continuing operations (net of taxes) to net cash provided by (used in) operating activities - continuing operations      
Depreciation 183 170 162
Amortization 14 14 11
Defined benefit plans - expense (income) 7 8 12
Deferred income taxes and investment tax credits 126 147 126
Other 1 0 8
Change in current assets and current liabilities      
Accounts receivable (7) (22) 19
Accounts receivable from affiliates 4 (16) 11
Accounts payable (7) 31 (29)
Unbilled Revenues (16) (8) 9
Accounts payable to affiliates (4) 1 5
Fuel, materials and supplies 12 8 3
Income tax receivable 0 4 70
Taxes payable (15) 20 1
Accrued interest 0 0 5
Other 11 (7) 17
Other operating activities      
Defined benefit plans - funding (4) (46) (26)
Settlement of interest rate swaps 0 (9) (44)
Expenditures for asset retirement obligations (15) (18) (6)
Other assets 5 0 11
Other liabilities 4 2 4
Net cash provided by (used in) operating activities 512 482 554
Cash Flows from Investing Activities      
Expenditures for property, plant and equipment (458) (439) (689)
Net cash provided by (used in) investing activities (458) (439) (689)
Cash Flows from Financing Activities      
Issuance of long-term debt 160 125 550
Retirement of long-term debt (70) (150) (250)
Contributions from parent 30 71 90
Payment of common stock dividends to parent (192) (128) (119)
Net increase (decrease) in short-term debt 30 27 (122)
Other financing activities (2) (2) (5)
Net cash provided by (used in) financing activities (44) (57) 144
Net Increase (Decrease) in Cash and Cash Equivalents 10 (14) 9
Cash and Cash Equivalents at Beginning of Period 5 19 10
Cash and Cash Equivalents at End of Period 15 5 19
Supplemental Disclosures of Cash Flow Information:      
Interest - net of amount capitalized 65 65 48
Income taxes - net 22 (43) (81)
Accrued expenditures for property, plant and equipment at December 31, 92 56 97
Kentucky Utilities Co [Member]      
Cash Flows from Operating Activities      
Net income [3] 259 265 234
Adjustments to reconcile income from continuing operations (net of taxes) to net cash provided by (used in) operating activities - continuing operations      
Depreciation 255 234 220
Amortization 9 14 13
Defined benefit plans - expense (income) 4 5 10
Deferred income taxes and investment tax credits 152 126 160
Other 0 (1) (5)
Change in current assets and current liabilities      
Accounts receivable (5) (8) 5
Accounts receivable from affiliates 0 1 (1)
Accounts payable 0 (10) (32)
Unbilled Revenues (17) (15) 11
Accounts payable to affiliates (6) 15 (10)
Fuel, materials and supplies 32 (6) 3
Income tax receivable 0 0 59
Taxes payable (26) 25 6
Accrued interest 0 0 5
Other 7 (3) 4
Other operating activities      
Defined benefit plans - funding (23) (20) (21)
Settlement of interest rate swaps 0 0 (44)
Expenditures for asset retirement obligations (19) (8) (1)
Other assets 3 (6) (11)
Other liabilities 9 (2) 3
Net cash provided by (used in) operating activities 634 606 608
Cash Flows from Investing Activities      
Expenditures for property, plant and equipment (432) (350) (519)
Other investing activities 4 1 7
Net cash provided by (used in) investing activities (428) (349) (512)
Cash Flows from Financing Activities      
Issuance of long-term debt 0 96 500
Retirement of long-term debt 0 (96) (250)
Contributions from parent 0 20 0
Payment of common stock dividends to parent (226) (248) (153)
Net increase (decrease) in short-term debt 29 (32) (188)
Other financing activities (1) (1) (5)
Net cash provided by (used in) financing activities (198) (261) (96)
Net Increase (Decrease) in Cash and Cash Equivalents 8 (4) 0
Cash and Cash Equivalents at Beginning of Period 7 11 11
Cash and Cash Equivalents at End of Period 15 7 11
Supplemental Disclosures of Cash Flow Information:      
Interest - net of amount capitalized 92 89 75
Income taxes - net 34 13 (84)
Accrued expenditures for property, plant and equipment at December 31, $ 82 $ 47 $ 53
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income approximates comprehensive income.