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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net Income $ 1,382 $ 1,412
Depreciation 890 817
Amortization 60 56
Defined benefit plans - (income) expense (198) (146)
Deferred income taxes and investment tax credits 257 255
Unrealized gains on derivatives, and other hedging activities (18) (129)
Stock-based compensation expense 24 21
Other (15) (12)
Change in current assets and current liabilities    
Accounts receivable 57 38
Accounts payable (116) (55)
Unbilled revenues 58 129
Fuel, materials and supplies 9 25
Prepayments (53) (38)
Regulatory assets and liabilities, net (62) 39
Accrued interest 74 48
Other current liabilities (94) (36)
Other (6) (1)
Other operating activities    
Defined benefit plans - funding (281) (284)
Proceeds from transfer of excess benefit plan funds 0 65
Other assets (24) (38)
Other liabilities (56) 44
Net cash provided by operating activities 1,888 2,210
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (2,197) (2,344)
Purchase of investments (55) (65)
Proceeds from the sale of investments 63 3
Other investing activities (5) (60)
Net cash used in investing activities (2,194) (2,466)
Cash Flows from Financing Activities    
Issuance of long-term debt 1,465 602
Retirement of Long-term Debt (200) (277)
Issuance of common stock 49 678
Payment of common stock dividends (893) (846)
Net increase (decrease) in short-term debt (34) 481
Other financing activities (24) (20)
Net cash provided by (used in) financing activities 363 618
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash (10) (9)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 47 353
Cash and Cash Equivalents at Beginning of Period 621  
Cash and Cash Equivalents at End of Period 670  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 643 511
Cash, Cash Equivalents and Restricted Cash at End of Period 690 864
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 363 311
Accrued expenditures for intangible assets at September 30, 67 70
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 333 334
Depreciation 290 262
Amortization 18 17
Defined benefit plans - (income) expense 0 2
Deferred income taxes and investment tax credits 70 77
Other (14) (13)
Change in current assets and current liabilities    
Accounts receivable 34 22
Accounts payable (46) (46)
Unbilled revenues 28 45
Prepayments (36) (25)
Regulatory assets and liabilities, net (42) (25)
Taxes payable (4) (1)
Other (20) 12
Other operating activities    
Defined benefit plans - funding (21) (28)
Other assets 11 (37)
Other liabilities 8 54
Net cash provided by operating activities 609 650
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (815) (835)
Expenditures for intangible assets (4) 0
Net increase in notes receivable from affiliate (546) 0
Other investing activities 4 (2)
Net cash used in investing activities (1,361) (837)
Cash Flows from Financing Activities    
Issuance of long-term debt 393 398
Payment of common stock dividends to parent (276) (271)
Contributions from parent 400 429
Other financing activities (5) (4)
Net cash provided by (used in) financing activities 512 552
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (240) 365
Cash and Cash Equivalents at Beginning of Period 267  
Cash and Cash Equivalents at End of Period 27  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 269 51
Cash, Cash Equivalents and Restricted Cash at End of Period 29 416
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 168 171
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income [2] 388 358
Depreciation 402 354
Amortization 20 13
Defined benefit plans - (income) expense 9 12
Deferred income taxes and investment tax credits 78 71
Other (2) (2)
Change in current assets and current liabilities    
Accounts receivable 13 8
Accounts payable (34) 4
Accounts payable to affiliates 6 7
Unbilled revenues 5 54
Fuel, materials and supplies 16 17
Regulatory assets and liabilities, net (19) 62
Taxes payable (7) (11)
Accrued interest 57 41
Other (31) (36)
Other operating activities    
Defined benefit plans - funding (34) (126)
Expenditures for asset retirement obligations (67) (46)
Other assets (4) (1)
Other liabilities 17 8
Net cash provided by operating activities 813 787
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (761) (826)
Other investing activities 0 1
Net cash used in investing activities (761) (825)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 16 (145)
Proceeds from Related Party Debt 0 250
Issuance of long-term debt 705 118
Retirement of Long-term Debt (200) (27)
Acquisition of outstanding bonds (40) 0
Remarketing of reacquired bonds 40 0
Distributions to member (206) (217)
Proceeds from Contributions from Affiliates 63 0
Net increase (decrease) in short-term debt (413) 60
Other financing activities (11) (2)
Net cash provided by (used in) financing activities (46) 37
Cash and Cash Equivalents, Period Increase (Decrease) 6 (1)
Cash and Cash Equivalents at Beginning of Period 24 30
Cash and Cash Equivalents at End of Period 30 29
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 107 108
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [3] 188 188
Depreciation 168 146
Amortization 13 10
Deferred income taxes and investment tax credits 45 46
Other 2 2
Change in current assets and current liabilities    
Accounts receivable 13 14
Accounts receivable from affiliates 9 2
Accounts payable (10) 14
Accounts payable to affiliates (5) (2)
Unbilled revenues 4 30
Fuel, materials and supplies 7 9
Regulatory assets and liabilities, net (5) 24
Accrued interest 22 13
Other (15) (10)
Other operating activities    
Defined benefit plans - funding (6) (59)
Expenditures for asset retirement obligations (22) (17)
Other assets (1) 0
Other liabilities 10 0
Net cash provided by operating activities 417 410
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (323) (420)
Net cash used in investing activities (323) (420)
Cash Flows from Financing Activities    
Issuance of long-term debt 399 100
Retirement of Long-term Debt (200) 0
Acquisition of outstanding bonds (40) 0
Remarketing of reacquired bonds 40 0
Payment of common stock dividends to parent (130) (113)
Net increase (decrease) in short-term debt (180) (23)
Contributions from parent 25 43
Other financing activities (6) (1)
Net cash provided by (used in) financing activities (92) 6
Cash and Cash Equivalents, Period Increase (Decrease) 2 (4)
Cash and Cash Equivalents at Beginning of Period 10 15
Cash and Cash Equivalents at End of Period 12 11
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 53 51
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [4] 237 225
Depreciation 233 208
Amortization 7 2
Deferred income taxes and investment tax credits 44 37
Other (3) (2)
Change in current assets and current liabilities    
Accounts payable (16) (2)
Accounts payable to affiliates (14) (8)
Unbilled revenues 1 24
Fuel, materials and supplies 9 8
Regulatory assets and liabilities, net (14) 38
Taxes payable 5 11
Accrued interest 28 21
Other (6) (2)
Other operating activities    
Defined benefit plans - funding (3) (53)
Expenditures for asset retirement obligations (45) (29)
Other assets (2) (1)
Other liabilities 10 8
Net cash provided by operating activities 471 485
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (436) (405)
Other investing activities 0 1
Net cash used in investing activities (436) (404)
Cash Flows from Financing Activities    
Issuance of long-term debt 306 18
Retirement of Long-term Debt 0 (27)
Payment of common stock dividends to parent (167) (196)
Net increase (decrease) in short-term debt (233) 83
Contributions from parent 68 45
Other financing activities (5) (1)
Net cash provided by (used in) financing activities (31) (78)
Cash and Cash Equivalents, Period Increase (Decrease) 4 3
Cash and Cash Equivalents at Beginning of Period 14 15
Cash and Cash Equivalents at End of Period 18 18
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, $ 54 $ 57
[1]
Net income equals comprehensive income.

[2]
Net income approximates comprehensive income.

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