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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net Income $ 466 $ 452
Depreciation 284 269
Amortization 22 21
Defined benefit plans - (income) expense (66) (50)
Deferred income taxes and investment tax credits 89 59
Unrealized losses on derivatives, and other hedging activities 53 85
Stock-based compensation expense 14 15
Other (3) (3)
Change in current assets and current liabilities    
Accounts receivable (57) (71)
Accounts payable (94) (36)
Unbilled revenues 48 58
Fuel, materials and supplies 31 43
Prepayments (86) (73)
Regulatory assets and liabilities, net (25) 64
Accrued interest 48 39
Other current liabilities (72) (120)
Other (21) 6
Other operating activities    
Defined benefit plans - funding (127) (150)
Other assets (20) (30)
Other liabilities (10) (12)
Net cash provided by operating activities 474 566
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (729) (750)
Purchase of investments (55) 0
Proceeds from the sale of investments 57 0
Other investing activities 5 (3)
Net cash used in investing activities (722) (753)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 144
Issuance of common stock 22 100
Payment of common stock dividends (296) (273)
Net increase (decrease) in short-term debt 424 369
Other financing activities (8) (9)
Net cash provided by (used in) financing activities 142 331
Effect of Exchange Rate on Cash, Cash Equivalents and Restricted Cash 3 (2)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (103) 142
Cash and Cash Equivalents at Beginning of Period 621  
Cash and Cash Equivalents at End of Period 518  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 643 511
Cash, Cash Equivalents and Restricted Cash at End of Period 540 653
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 322 313
Accrued expenditures for intangible assets at March 31, 64 65
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 121 148
Depreciation 95 85
Amortization 5 6
Defined benefit plans - (income) expense 0 2
Deferred income taxes and investment tax credits 16 21
Other (2) (5)
Change in current assets and current liabilities    
Accounts receivable (25) (30)
Accounts payable (5) (36)
Unbilled revenues 13 16
Prepayments (88) (69)
Regulatory assets and liabilities, net (15) 5
Taxes payable (2) 4
Other (12) (19)
Other operating activities    
Defined benefit plans - funding (21) (28)
Other assets 2 (25)
Other liabilities (1) 1
Net cash provided by operating activities 81 76
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (264) (245)
Expenditures for intangible assets 0 1
Net cash used in investing activities (264) (246)
Cash Flows from Financing Activities    
Payment of common stock dividends to parent (120) (72)
Net increase (decrease) in short-term debt 60 213
Other financing activities (1) 0
Net cash provided by (used in) financing activities (61) 141
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (244) (29)
Cash and Cash Equivalents at Beginning of Period 267  
Cash and Cash Equivalents at End of Period 23  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 269 51
Cash, Cash Equivalents and Restricted Cash at End of Period 25 22
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 142 147
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income [2] 124 142
Depreciation 123 117
Amortization 10 5
Defined benefit plans - (income) expense 3 3
Deferred income taxes and investment tax credits 36 8
Other (1) 0
Change in current assets and current liabilities    
Accounts receivable 8 (5)
Accounts payable (33) 10
Accounts payable to affiliates 7 2
Unbilled revenues 21 31
Fuel, materials and supplies 29 42
Regulatory assets and liabilities, net (10) 60
Taxes payable (29) 7
Accrued interest 42 42
Other (15) (67)
Other operating activities    
Defined benefit plans - funding (21) (108)
Expenditures for asset retirement obligations (21) (9)
Other assets (2) (3)
Other liabilities (1) 1
Net cash provided by operating activities 270 278
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (278) (294)
Net cash used in investing activities (278) (294)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 74 12
Issuance of long-term debt 0 100
Distributions to member (56) (69)
Net increase (decrease) in short-term debt (12) (29)
Other financing activities 0 (1)
Net cash provided by (used in) financing activities 6 13
Cash and Cash Equivalents, Period Increase (Decrease) (2) (3)
Cash and Cash Equivalents at Beginning of Period 24 30
Cash and Cash Equivalents at End of Period 22 27
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 88 124
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [3] 64 72
Depreciation 51 48
Amortization 7 4
Defined benefit plans - (income) expense 0 1
Deferred income taxes and investment tax credits 13 7
Change in current assets and current liabilities    
Accounts receivable 3 2
Accounts receivable from affiliates (4) (7)
Accounts payable (7) 8
Accounts payable to affiliates (3) (2)
Unbilled revenues 13 16
Fuel, materials and supplies 32 36
Regulatory assets and liabilities, net (8) 28
Taxes payable (12) (1)
Accrued interest 13 13
Other (1) (16)
Other operating activities    
Defined benefit plans - funding 0 (55)
Expenditures for asset retirement obligations (4) (5)
Other liabilities 0 (3)
Net cash provided by operating activities 157 146
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (117) (150)
Net cash used in investing activities (117) (150)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 100
Payment of common stock dividends to parent (30) (34)
Net increase (decrease) in short-term debt (10) (62)
Other financing activities (1) (1)
Net cash provided by (used in) financing activities (41) 3
Cash and Cash Equivalents, Period Increase (Decrease) (1) (1)
Cash and Cash Equivalents at Beginning of Period 10 15
Cash and Cash Equivalents at End of Period 9 14
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 37 75
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income 81 87
Depreciation 72 68
Amortization 3 1
Deferred income taxes and investment tax credits 15 1
Other (1) 0
Change in current assets and current liabilities    
Accounts receivable 7 (7)
Accounts payable (16) 11
Accounts payable to affiliates (1) 0
Unbilled revenues 8 15
Fuel, materials and supplies (3) 6
Regulatory assets and liabilities, net (2) 32
Taxes payable (3) 14
Accrued interest 22 22
Other 9 (15)
Other operating activities    
Defined benefit plans - funding 0 (47)
Expenditures for asset retirement obligations (17) (4)
Other assets (2) (3)
Other liabilities 2 4
Net cash provided by operating activities 174 185
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (161) (143)
Net cash used in investing activities (161) (143)
Cash Flows from Financing Activities    
Payment of common stock dividends to parent (39) (79)
Net increase (decrease) in short-term debt (2) 33
Contributions from parent 28 0
Other financing activities (1) 0
Net cash provided by (used in) financing activities (14) (46)
Cash and Cash Equivalents, Period Increase (Decrease) (1) (4)
Cash and Cash Equivalents at Beginning of Period 14 15
Cash and Cash Equivalents at End of Period 13 11
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, $ 51 $ 48
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.
[3] Net income equals comprehensive income.