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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net Income $ 1,412 $ 1,050
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 817 745
Amortization 56 72
Defined benefit plans - (income) expense (146) (69)
Deferred income taxes and investment tax credits 255 284
Unrealized (gains) losses on derivatives, and other hedging activities (129) 194
Stock-based compensation expense 21 30
Other (12) (8)
Change in current assets and current liabilities    
Accounts receivable 38 25
Accounts payable (55) (93)
Unbilled revenues 129 81
Fuel, materials and supplies 25 35
Prepayments (38) (37)
Taxes payable 20 6
Regulatory assets and liabilities, net 39 (3)
Accrued interest 48 49
Other current liabilities (36) (53)
Other (21) 5
Other operating activities    
Defined benefit plans - funding (284) (558)
Proceeds from transfer of excess benefit funding 65 0
Other assets (38) 4
Other liabilities 44 (5)
Net cash provided by operating activities 2,210 1,754
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (2,344) (2,152)
Purchase of available-for-sale securities (65) 0
Other investing activities (57) (16)
Net cash used in investing activities (2,466) (2,168)
Cash Flows from Financing Activities    
Issuance of long-term debt 602 1,088
Retirement of long-term debt (277) (60)
Issuance of common stock 678 275
Payment of common stock dividends (846) (800)
Net increase (decrease) in short-term debt 481 269
Other financing activities (20) (34)
Net cash provided by (used in) financing activities 618 738
Effect of Exchange Rate on Cash, Cash Equivalents and Restricted Cash (9) 7
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 353 331
Cash and Cash Equivalents at Beginning of Period 485  
Cash and Cash Equivalents at End of Period 842  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 511 365
Cash, Cash Equivalents and Restricted Cash at End of Period 864 696
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 311 373
Accrued expenditures for intangible assets at September 30, 70 60
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 334 251
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 262 228
Amortization 17 25
Defined benefit plans - (income) expense 2 10
Deferred income taxes and investment tax credits 77 129
Other (13) (8)
Change in current assets and current liabilities    
Accounts receivable 22 7
Accounts payable (46) (38)
Unbilled revenues 45 30
Prepayments (25) (31)
Taxes payable (1) 10
Regulatory assets and liabilities, net (25) 0
Other 12 (9)
Other operating activities    
Defined benefit plans - funding (28) (24)
Other assets (37) (2)
Other liabilities 54 (3)
Net cash provided by operating activities 650 575
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (835) (851)
Net decrease in notes receivable from affiliate 0 (2)
Other investing activities (2) (5)
Net cash used in investing activities (837) (858)
Cash Flows from Financing Activities    
Issuance of long-term debt 398 470
Net increase (decrease) in short-term debt 0 (295)
Contributions from parent 429 575
Payment of common stock dividends to parent (271) (231)
Other financing activities (4) (6)
Net cash provided by (used in) financing activities 552 513
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 365 230
Cash and Cash Equivalents at Beginning of Period 49  
Cash and Cash Equivalents at End of Period 414  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 51 15
Cash, Cash Equivalents and Restricted Cash at End of Period 416 245
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 171 190
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income 358 322
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 354 324
Amortization 13 19
Defined benefit plans - (income) expense 12 19
Deferred income taxes and investment tax credits 71 173
Other (2) 1
Change in current assets and current liabilities    
Accounts receivable 8 18
Accounts payable 4 (30)
Accounts payable to affiliates 7 3
Unbilled revenues 54 19
Fuel, materials and supplies 17 34
Taxes payable (11) 13
Regulatory assets and liabilities, net 62 (3)
Accrued interest 41 41
Other (36) 2
Other operating activities    
Defined benefit plans - funding (126) (32)
Expenditures for asset retirement obligations (46) (22)
Other assets (1) 5
Other liabilities 8 14
Net cash provided by operating activities 787 920
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (826) (579)
Other investing activities 1 4
Net cash used in investing activities (825) (575)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate (145) (4)
Issuance of long-term debt with affiliate 250 0
Issuance of long-term debt 118 60
Retirement of long-term debt (27) (60)
Distributions to member (217) (316)
Net increase (decrease) in short-term debt 60 5
Other financing activities (2) (3)
Net cash provided by (used in) financing activities 37 (318)
Cash and Cash Equivalents, Period Increase (Decrease) (1) 27
Cash and Cash Equivalents at Beginning of Period 30 13
Cash and Cash Equivalents at End of Period 29 40
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 108 142
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [1] 188 161
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 146 136
Amortization 10 11
Defined benefit plans - (income) expense 2 5
Deferred income taxes and investment tax credits 46 96
Change in current assets and current liabilities    
Accounts receivable 14 12
Accounts receivable from affiliates 2 6
Accounts payable 14 (12)
Accounts payable to affiliates (2) (10)
Unbilled revenues 30 11
Fuel, materials and supplies 9 6
Taxes payable 4 (15)
Regulatory assets and liabilities, net 24 (2)
Accrued interest 13 12
Other (14) 8
Other operating activities    
Defined benefit plans - funding (59) (3)
Expenditures for asset retirement obligations (17) (13)
Other assets 0 5
Other liabilities 0 4
Net cash provided by operating activities 410 418
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (420) (293)
Net cash used in investing activities (420) (293)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 0 10
Issuance of long-term debt 100 60
Retirement of long-term debt 0 (60)
Net increase (decrease) in short-term debt (23) 21
Contributions from parent 43 0
Payment of common stock dividends to parent (113) (150)
Other financing activities (1) (2)
Net cash provided by (used in) financing activities 6 (121)
Cash and Cash Equivalents, Period Increase (Decrease) (4) 4
Cash and Cash Equivalents at Beginning of Period 15 5
Cash and Cash Equivalents at End of Period 11 9
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 51 83
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [2] 225 196
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 208 188
Amortization 2 7
Defined benefit plans - (income) expense 0 3
Deferred income taxes and investment tax credits 37 116
Other (2) 0
Change in current assets and current liabilities    
Accounts receivable 2 6
Accounts receivable from affiliates 0 (1)
Accounts payable (2) (6)
Accounts payable to affiliates (8) (16)
Unbilled revenues 24 8
Fuel, materials and supplies 8 28
Taxes payable 11 (21)
Regulatory assets and liabilities, net 38 (1)
Accrued interest 21 22
Other (4) (5)
Other operating activities    
Defined benefit plans - funding (53) (22)
Expenditures for asset retirement obligations (29) (9)
Other assets (1) 0
Other liabilities 8 8
Net cash provided by operating activities 485 501
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (405) (283)
Net increase in notes receivable with affiliates 0 (10)
Other investing activities 1 4
Net cash used in investing activities (404) (289)
Cash Flows from Financing Activities    
Issuance of long-term debt 18 0
Retirement of long-term debt (27) 0
Net increase (decrease) in short-term debt 83 (16)
Contributions from parent 45 0
Payment of common stock dividends to parent (196) (171)
Other financing activities (1) (1)
Net cash provided by (used in) financing activities (78) (188)
Cash and Cash Equivalents, Period Increase (Decrease) 3 24
Cash and Cash Equivalents at Beginning of Period 15 7
Cash and Cash Equivalents at End of Period 18 31
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, $ 57 $ 58
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.