XML 25 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues        
Operating Revenues $ 1,803 $ 1,848 $ 3,882 $ 3,974
Operation        
Fuel 168 189 362 403
Energy purchases 138 148 388 389
Other operation and maintenance 482 506 972 974
Depreciation 300 273 584 542
Taxes, other than income 75 74 155 157
Total Operating Expenses 1,163 1,190 2,461 2,465
Operating Income 640 658 1,421 1,509
Other Income (Expense) - net 131 234 183 191
Interest Expense 246 235 487 474
Income Before Income Taxes 525 657 1,117 1,226
Income Taxes 84 142 210 259
Net Income $ 441 $ 515 $ 907 $ 967
Net Income:        
Basic (in dollars per share) $ 0.61 $ 0.74 $ 1.26 $ 1.39
Diluted (in dollars per share) $ 0.60 $ 0.73 $ 1.24 $ 1.38
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 721,785 699,006 721,406 696,772
Diluted (in shares) 730,915 700,976 730,436 698,161
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 521 $ 517 $ 1,166 $ 1,156
Operation        
Energy purchases 110 115 281 276
Other operation and maintenance 130 159 280 292
Depreciation 96 88 191 173
Taxes, other than income 24 22 55 54
Total Operating Expenses 360 384 807 795
Operating Income 161 133 359 361
Other Income (Expense) - net 6 7 11 13
Interest Income from Affiliate 0 1 2 1
Interest Expense 41 39 83 76
Income Before Income Taxes 126 102 289 299
Income Taxes 32 27 74 76
Net Income [1] 94 75 215 223
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Operating Revenues 732 743 1,577 1,615
Operation        
Fuel 168 189 362 403
Energy purchases 27 33 106 113
Other operation and maintenance 208 211 422 416
Depreciation 135 118 258 235
Taxes, other than income 18 18 36 35
Total Operating Expenses 556 569 1,184 1,202
Operating Income 176 174 393 413
Other Income (Expense) - net 0 1 0 (2)
Interest Expense 58 52 112 102
Interest Expense with Affiliate 9 6 16 11
Income Before Income Taxes 109 117 265 298
Income Taxes 3 31 35 70
Net Income [2] 106 86 230 228
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 328 331 725 738
Electric revenue from affiliate 6 4 19 16
Operating Revenues 334 335 744 754
Operation        
Fuel 69 72 147 151
Energy purchases 22 28 96 104
Energy purchases from affiliate 2 2 4 8
Other operation and maintenance 96 93 190 182
Depreciation 56 49 107 97
Taxes, other than income 10 9 19 18
Total Operating Expenses 255 253 563 560
Operating Income 79 82 181 194
Other Income (Expense) - net (1) (1) (1) (2)
Interest Expense 22 19 43 37
Income Before Income Taxes 56 62 137 155
Income Taxes 12 12 29 33
Net Income 44 [1] 50 [1] 108 [3] 122 [3]
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 404 412 852 877
Electric revenue from affiliate 2 2 4 8
Operating Revenues 406 414 856 885
Operation        
Fuel 99 117 215 252
Energy purchases 5 5 10 9
Energy purchases from affiliate 6 4 19 16
Other operation and maintenance 105 112 213 217
Depreciation 78 70 150 138
Taxes, other than income 8 9 17 17
Total Operating Expenses 301 317 624 649
Operating Income 105 97 232 236
Other Income (Expense) - net (2) 3 0 0
Interest Expense 28 25 54 50
Income Before Income Taxes 75 75 178 186
Income Taxes 14 14 36 38
Net Income [4] $ 61 $ 61 $ 142 $ 148
[1]
Net income equals comprehensive income.

[2]
Net income approximates comprehensive income.

[3]
Net income equals comprehensive income.
[4]
Net income equals comprehensive income.