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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net Income $ 554 $ 466
Depreciation 317 284
Amortization 12 22
Defined benefit plans - (income) expense (52) (66)
Deferred income taxes and investment tax credits 106 89
Unrealized (gains) losses on derivatives, and other hedging activities (57) 53
Stock-based compensation expense 6 14
Other 17 (3)
Change in current assets and current liabilities    
Accounts receivable (35) (57)
Accounts payable (63) (94)
Unbilled revenues 68 48
Fuel, materials and supplies 13 31
Prepayments (76) (86)
Regulatory assets and liabilities, net (25) (25)
Accrued interest 59 48
Other current liabilities (95) (72)
Other 24 (21)
Other operating activities    
Defined benefit plans - funding (125) (127)
Other assets 42 (20)
Other liabilities 2 (10)
Net cash provided by operating activities 692 474
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (826) (729)
Purchase of investments 0 (55)
Proceeds from the sale of investments 0 57
Other investing activities (7) 5
Net cash used in investing activities (833) (722)
Cash Flows from Financing Activities    
Issuance of common stock 20 22
Payment of common stock dividends (317) (296)
Issuance of term loan 200 0
Net increase (decrease) in short-term debt 345 424
Other financing activities (8) (8)
Net cash provided by (used in) financing activities 240 142
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash 1 3
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 100 (103)
Cash and Cash Equivalents at Beginning of Period 815  
Cash and Cash Equivalents at End of Period 915  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 836 643
Cash, Cash Equivalents and Restricted Cash at End of Period 936 540
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 282 322
Accrued expenditures for intangible assets at March 31, 87 64
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 118 121
Depreciation 98 95
Amortization 5 5
Deferred income taxes and investment tax credits 32 16
Other 8 (2)
Change in current assets and current liabilities    
Accounts receivable (26) (25)
Accounts payable (20) (5)
Unbilled revenues 34 13
Prepayments (76) (88)
Regulatory assets and liabilities, net (11) (15)
Taxes payable (2) (2)
Other (19) (12)
Other operating activities    
Defined benefit plans - funding (21) (21)
Other assets 4 2
Other liabilities 8 (1)
Net cash provided by operating activities 132 81
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (280) (264)
Expenditures for intangible assets (1) 0
Net cash used in investing activities (281) (264)
Cash Flows from Financing Activities    
Payment of common stock dividends to parent (165) (120)
Net increase (decrease) in short-term debt 85 60
Other financing activities 0 (1)
Net cash provided by (used in) financing activities (80) (61)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (229) (244)
Cash and Cash Equivalents at Beginning of Period 262  
Cash and Cash Equivalents at End of Period 33  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 264 269
Cash, Cash Equivalents and Restricted Cash at End of Period 35 25
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 158 142
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income [2] 135 124
Depreciation 149 123
Amortization 4 10
Defined benefit plans - (income) expense 5 3
Deferred income taxes and investment tax credits 31 36
Other 0 (1)
Change in current assets and current liabilities    
Accounts receivable 20 8
Accounts payable (18) (33)
Accounts payable to affiliates 1 7
Unbilled revenues 27 21
Fuel, materials and supplies 24 29
Regulatory assets and liabilities, net (14) (10)
Taxes payable (27) (29)
Accrued interest 51 42
Other (37) (15)
Other operating activities    
Defined benefit plans - funding (23) (21)
Expenditures for asset retirement obligations (15) (21)
Other assets 1 (2)
Other liabilities 6 (1)
Net cash provided by operating activities 320 270
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (255) (278)
Net cash used in investing activities (255) (278)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 92 74
Distributions to member (52) (56)
Net increase (decrease) in short-term debt (85) (12)
Net cash provided by (used in) financing activities (45) 6
Cash and Cash Equivalents, Period Increase (Decrease) 20 (2)
Cash and Cash Equivalents at Beginning of Period 27 24
Cash and Cash Equivalents at End of Period 47 22
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 78 88
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [3] 73 64
Depreciation 64 51
Amortization 2 7
Defined benefit plans - (income) expense 1 0
Deferred income taxes and investment tax credits 1 13
Change in current assets and current liabilities    
Accounts receivable 14 3
Accounts receivable from affiliates (6) (4)
Accounts payable (12) (7)
Accounts payable to affiliates (4) (3)
Unbilled revenues 11 13
Fuel, materials and supplies 27 32
Regulatory assets and liabilities, net (2) (8)
Taxes payable 2 (12)
Accrued interest 18 13
Other (10) (1)
Other operating activities    
Defined benefit plans - funding (4) 0
Expenditures for asset retirement obligations (4) (4)
Other assets (1) 0
Other liabilities 1 0
Net cash provided by operating activities 171 157
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (117) (117)
Net cash used in investing activities (117) (117)
Cash Flows from Financing Activities    
Net increase (decrease) in notes payable with affiliate 21 0
Payment of common stock dividends to parent (29) (30)
Net increase (decrease) in short-term debt (79) (10)
Contributions from parent 25 0
Other financing activities 0 (1)
Net cash provided by (used in) financing activities (62) (41)
Cash and Cash Equivalents, Period Increase (Decrease) (8) (1)
Cash and Cash Equivalents at Beginning of Period 15 10
Cash and Cash Equivalents at End of Period 7 9
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 39 37
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [4] 80 81
Depreciation 84 72
Amortization 3 3
Deferred income taxes and investment tax credits 4 15
Other 0 (1)
Change in current assets and current liabilities    
Accounts receivable 6 7
Accounts payable (2) (16)
Accounts payable to affiliates (3) (1)
Unbilled revenues 16 8
Fuel, materials and supplies (3) (3)
Regulatory assets and liabilities, net (12) (2)
Taxes payable 6 (3)
Accrued interest 25 22
Other (4) 9
Other operating activities    
Defined benefit plans - funding (1) 0
Expenditures for asset retirement obligations (11) (17)
Other assets 3 (2)
Other liabilities 2 2
Net cash provided by operating activities 193 174
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (138) (161)
Net (increase) decrease in notes receivable from affiliate 21 0
Net cash used in investing activities (159) (161)
Cash Flows from Financing Activities    
Payment of common stock dividends to parent (37) (39)
Net increase (decrease) in short-term debt (6) (2)
Contributions from parent 37 28
Other financing activities 0 (1)
Net cash provided by (used in) financing activities (6) (14)
Cash and Cash Equivalents, Period Increase (Decrease) 28 (1)
Cash and Cash Equivalents at Beginning of Period 12 14
Cash and Cash Equivalents at End of Period 40 13
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, $ 39 $ 51
[1]
Net income equals comprehensive income.

[2]
Net income approximates comprehensive income.

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