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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities    
Net Income $ 452 $ 403
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 269 242
Amortization 21 23
Defined benefit plans - (income) expense (50) (19)
Deferred income taxes and investment tax credits 59 161
Unrealized losses on derivatives, and other hedging activities 85 35
Stock-based compensation expense 15 19
Other (3) (1)
Change in current assets and current liabilities    
Accounts receivable (71) (43)
Accounts payable (36) (84)
Unbilled revenues 58 52
Fuel, materials and supplies 43 44
Prepayments (73) (110)
Taxes payable 22 (21)
Regulatory assets and liabilities, net 64 (17)
Other current liabilities (120) (60)
Other 23 22
Other operating activities    
Defined benefit plans - funding (150) (520)
Other assets (30) 5
Other liabilities (12) 4
Net cash provided by operating activities 566 135
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (750) (677)
Expenditures for intangible assets (7) (3)
Other investing activities 4 1
Net cash used in investing activities (753) (679)
Cash Flows from Financing Activities    
Issuance of long-term debt 144 64
Issuance of common stock 100 73
Payment of common stock dividends (273) (258)
Net increase (decrease) in short-term debt 369 744
Other financing activities (9) (16)
Net cash provided by (used in) financing activities 331 607
Effect of Exchange Rate on Cash, Cash Equivalents and Restricted Cash (2) 3
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 142 66
Cash and Cash Equivalents at Beginning of Period 485  
Cash and Cash Equivalents at End of Period 629  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 511 367
Cash, Cash Equivalents and Restricted Cash at End of Period 653 433
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 313 236
Accrued expenditures for intangible assets at March 31, 65 62
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 148 79
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 85 75
Amortization 6 8
Defined benefit plans - (income) expense 2 5
Deferred income taxes and investment tax credits 21 41
Other (5) 0
Change in current assets and current liabilities    
Accounts receivable (30) (27)
Accounts payable (36) (18)
Unbilled revenues 16 12
Prepayments (69) (75)
Taxes payable 4 0
Regulatory assets and liabilities, net 5 (11)
Other (19) (14)
Other operating activities    
Defined benefit plans - funding (28) (24)
Other assets (25) 5
Other liabilities 1 (1)
Net cash provided by operating activities 76 55
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (245) (274)
Expenditures for intangible assets (1) (2)
Net cash used in investing activities (246) (276)
Cash Flows from Financing Activities    
Net increase (decrease) in short-term debt 213 204
Contributions from parent 0 100
Payment of common stock dividends to parent (72) (76)
Net cash provided by (used in) financing activities 141 228
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (29) 7
Cash and Cash Equivalents at Beginning of Period 49  
Cash and Cash Equivalents at End of Period 20  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 51 15
Cash, Cash Equivalents and Restricted Cash at End of Period 22 22
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 147 122
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income [2] 142 103
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 117 105
Amortization 5 7
Defined benefit plans - (income) expense 3 8
Deferred income taxes and investment tax credits 8 48
Change in current assets and current liabilities    
Accounts receivable (5) 21
Accounts payable 10 (28)
Accounts payable to affiliates 2 7
Unbilled revenues 31 22
Fuel, materials and supplies 42 41
Taxes payable 7 (2)
Accrued interest 42 42
Other (7) (38)
Other operating activities    
Defined benefit plans - funding (108) (22)
Expenditures for asset retirement obligations (9) (6)
Other assets (3) 1
Other liabilities 1 3
Net cash provided by operating activities 278 312
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (294) (184)
Net cash used in investing activities (294) (184)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 12 (81)
Issuance of long-term debt 100 0
Distributions to member (69) (102)
Net increase (decrease) in short-term debt (29) 58
Other financing activities (1) (1)
Net cash provided by (used in) financing activities 13 (126)
Cash and Cash Equivalents, Period Increase (Decrease) (3) 2
Cash and Cash Equivalents at Beginning of Period 30 13
Cash and Cash Equivalents at End of Period 27 15
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 124 75
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [1] 72 54
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 48 44
Amortization 4 3
Defined benefit plans - (income) expense 1 2
Deferred income taxes and investment tax credits 7 31
Change in current assets and current liabilities    
Accounts receivable 2 13
Accounts receivable from affiliates (7) 1
Accounts payable 8 (12)
Accounts payable to affiliates (2) (4)
Unbilled revenues 16 9
Fuel, materials and supplies 36 33
Taxes payable (1) (28)
Accrued interest 13 13
Other 12 (11)
Other operating activities    
Defined benefit plans - funding (55) (1)
Expenditures for asset retirement obligations (5) (4)
Other assets 0 2
Other liabilities (3) (3)
Net cash provided by operating activities 146 142
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (150) (94)
Net cash used in investing activities (150) (94)
Cash Flows from Financing Activities    
Issuance of long-term debt 100 0
Net increase (decrease) in short-term debt (62) 38
Payment of common stock dividends to parent (34) (87)
Other financing activities (1) 0
Net cash provided by (used in) financing activities 3 (49)
Cash and Cash Equivalents, Period Increase (Decrease) (1) (1)
Cash and Cash Equivalents at Beginning of Period 15 5
Cash and Cash Equivalents at End of Period 14 4
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 75 34
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [2] 87 63
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 68 60
Amortization 1 4
Defined benefit plans - (income) expense 0 2
Deferred income taxes and investment tax credits 1 37
Change in current assets and current liabilities    
Accounts receivable (7) 8
Accounts payable 11 (4)
Accounts payable to affiliates 0 (7)
Unbilled revenues 15 13
Fuel, materials and supplies 6 8
Taxes payable 14 (34)
Accrued interest 22 22
Other 17 (12)
Other operating activities    
Defined benefit plans - funding (47) (19)
Expenditures for asset retirement obligations (4) (2)
Other assets (3) (1)
Other liabilities 4 1
Net cash provided by operating activities 185 139
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (143) (89)
Net cash used in investing activities (143) (89)
Cash Flows from Financing Activities    
Net increase (decrease) in short-term debt 33 20
Payment of common stock dividends to parent (79) (70)
Net cash provided by (used in) financing activities (46) (50)
Cash and Cash Equivalents, Period Increase (Decrease) (4) 0
Cash and Cash Equivalents at Beginning of Period 15 7
Cash and Cash Equivalents at End of Period 11 7
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, $ 48 $ 41
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.