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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net Income $ 907 $ 967
Depreciation 584 542
Amortization 31 34
Defined benefit plans - (income) expense (135) (101)
Deferred income taxes and investment tax credits 154 171
Unrealized (gains) losses on derivatives, and other hedging activities 22 (91)
Stock-based compensation expense 19 16
Other (7) (9)
Change in current assets and current liabilities    
Accounts receivable 22 46
Accounts payable (102) (90)
Unbilled revenues 70 91
Fuel, materials and supplies 19 32
Prepayments (79) (60)
Regulatory assets and liabilities, net (72) 42
Accrued interest (63) (79)
Other current liabilities (85) (47)
Other 11 12
Other operating activities    
Defined benefit plans - funding (207) (206)
Proceeds from transfer of excess benefit plan funds 0 65
Other assets 11 (67)
Other liabilities (30) 57
Net cash provided by operating activities 1,070 1,325
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (1,474) (1,527)
Purchase of investments (55) (65)
Proceeds from the sale of investments 61 0
Other investing activities (11) (57)
Net cash used in investing activities (1,479) (1,649)
Cash Flows from Financing Activities    
Issuance of long-term debt 769 584
Retirement of Long-term Debt (200) (250)
Issuance of common stock 35 147
Payment of common stock dividends (594) (558)
Net increase (decrease) in short-term debt 206 788
Other financing activities (18) (16)
Net cash provided by (used in) financing activities 198 695
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash (4) (7)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (215) 364
Cash and Cash Equivalents at Beginning of Period 621  
Cash and Cash Equivalents at End of Period 406  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 643 511
Cash, Cash Equivalents and Restricted Cash at End of Period 428 875
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 278 329
Accrued expenditures for intangible assets at June 30, 59 59
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 215 223
Depreciation 191 173
Amortization 11 11
Deferred income taxes and investment tax credits 36 53
Other (9) (9)
Change in current assets and current liabilities    
Accounts receivable 7 37
Accounts payable (39) (60)
Unbilled revenues 31 30
Prepayments (64) (47)
Regulatory assets and liabilities, net (40) (27)
Taxes payable (4) (1)
Other (7) 1
Other operating activities    
Defined benefit plans - funding (21) (28)
Other assets 4 (41)
Other liabilities 3 49
Net cash provided by operating activities 314 364
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (533) (518)
Other investing activities 3 (3)
Net cash used in investing activities (530) (521)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 398
Payment of common stock dividends to parent (215) (222)
Net increase (decrease) in short-term debt 185 0
Contributions from parent 0 425
Other financing activities (1) (4)
Net cash provided by (used in) financing activities (31) 597
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (247) 440
Cash and Cash Equivalents at Beginning of Period 267  
Cash and Cash Equivalents at End of Period 20  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 269 51
Cash, Cash Equivalents and Restricted Cash at End of Period 22 491
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 158 180
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income [2] 230 228
Depreciation 258 235
Amortization 16 9
Defined benefit plans - (income) expense 5 8
Deferred income taxes and investment tax credits 47 30
Other (1) (1)
Change in current assets and current liabilities    
Accounts receivable 24 16
Accounts payable (34) (10)
Unbilled revenues 13 40
Fuel, materials and supplies 21 26
Regulatory assets and liabilities, net (32) 69
Taxes payable (25) (25)
Accrued interest 7 0
Other (23) (39)
Other operating activities    
Defined benefit plans - funding (28) (122)
Expenditures for asset retirement obligations (45) (26)
Other assets (1) (1)
Other liabilities 13 3
Net cash provided by operating activities 445 440
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (530) (564)
Net cash used in investing activities (530) (564)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 90 (126)
Proceeds from Related Party Debt 0 250
Issuance of long-term debt 705 100
Retirement of Long-term Debt (200) 0
Distributions to member (137) (161)
Proceeds from Contributions from Affiliates 63 0
Net increase (decrease) in short-term debt (418) 72
Other financing activities (10) (2)
Net cash provided by (used in) financing activities 93 133
Cash and Cash Equivalents, Period Increase (Decrease) 8 9
Cash and Cash Equivalents at Beginning of Period 24 30
Cash and Cash Equivalents at End of Period 32 39
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 91 112
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [3] 108 122
Depreciation 107 97
Amortization 11 7
Defined benefit plans - (income) expense 1 2
Deferred income taxes and investment tax credits 28 18
Change in current assets and current liabilities    
Accounts receivable 15 11
Accounts receivable from affiliates 6 6
Accounts payable (16) (12)
Accounts payable to affiliates (4) (3)
Unbilled revenues 9 24
Fuel, materials and supplies 27 31
Regulatory assets and liabilities, net (13) 32
Taxes payable (7) (2)
Accrued interest 4 0
Other (8) (7)
Other operating activities    
Defined benefit plans - funding (4) (57)
Expenditures for asset retirement obligations (12) (10)
Other assets (1) 0
Other liabilities 7 (4)
Net cash provided by operating activities 258 255
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (224) (296)
Net cash used in investing activities (224) (296)
Cash Flows from Financing Activities    
Issuance of long-term debt 399 100
Retirement of Long-term Debt (200) 0
Payment of common stock dividends to parent (71) (81)
Net increase (decrease) in short-term debt (183) (16)
Contributions from parent 25 43
Other financing activities (5) (1)
Net cash provided by (used in) financing activities (35) 45
Cash and Cash Equivalents, Period Increase (Decrease) (1) 4
Cash and Cash Equivalents at Beginning of Period 10 15
Cash and Cash Equivalents at End of Period 9 19
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, 40 57
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [4] 142 148
Depreciation 150 138
Amortization 5 2
Deferred income taxes and investment tax credits 29 9
Other (2) (1)
Change in current assets and current liabilities    
Accounts receivable 14 4
Accounts payable (8) 11
Accounts payable to affiliates (15) (12)
Unbilled revenues 4 16
Fuel, materials and supplies (6) (5)
Regulatory assets and liabilities, net (19) 37
Taxes payable (2) 4
Accrued interest 3 0
Other 1 (11)
Other operating activities    
Defined benefit plans - funding (2) (52)
Expenditures for asset retirement obligations (33) (16)
Other assets 1 (1)
Other liabilities 8 3
Net cash provided by operating activities 270 274
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (305) (266)
Net cash used in investing activities (305) (266)
Cash Flows from Financing Activities    
Issuance of long-term debt 306 0
Payment of common stock dividends to parent (91) (136)
Net increase (decrease) in short-term debt (235) 88
Contributions from parent 68 45
Other financing activities (4) 0
Net cash provided by (used in) financing activities 44 (3)
Cash and Cash Equivalents, Period Increase (Decrease) 9 5
Cash and Cash Equivalents at Beginning of Period 14 15
Cash and Cash Equivalents at End of Period 23 20
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at June 30, $ 52 $ 55
[1]
Net income equals comprehensive income.

[2]
Net income approximates comprehensive income.

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