XML 24 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenues        
Operating Revenues $ 1,885 $ 1,933 $ 5,678 $ 5,815
Operation        
Fuel 177 194 478 556
Energy purchases 136 150 470 538
Other operation and maintenance 483 480 1,446 1,452
Depreciation 323 306 959 890
Taxes, other than income 79 77 226 232
Total Operating Expenses 1,198 1,207 3,579 3,668
Operating Income 687 726 2,099 2,147
Other Income (Expense) - net 52 126 253 309
Interest Expense 249 259 750 746
Income Before Income Taxes 490 593 1,602 1,710
Income Taxes 209 118 423 328
Net Income $ 281 $ 475 $ 1,179 $ 1,382
Net Income:        
Basic (in dollars per share) $ 0.37 $ 0.66 $ 1.53 $ 1.91
Diluted (in dollars per share) $ 0.37 $ 0.65 $ 1.53 $ 1.89
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 768,786 722,259 768,502 721,693
Diluted (in shares) 769,660 731,151 769,270 730,677
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 586 $ 590 $ 1,748 $ 1,756
Operation        
Energy purchases 118 132 373 413
Other operation and maintenance 122 137 388 417
Depreciation 102 99 301 290
Taxes, other than income 30 29 78 84
Total Operating Expenses 372 397 1,140 1,204
Operating Income 214 193 608 552
Other Income (Expense) - net 7 7 15 18
Interest Income from Affiliate 1 1 2 3
Interest Expense 44 43 130 126
Income Before Income Taxes 178 158 495 447
Income Taxes 44 40 125 114
Net Income [1] 134 118 370 333
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Operating Revenues 806 844 2,331 2,421
Operation        
Fuel 177 194 478 556
Energy purchases 18 19 97 125
Other operation and maintenance 205 205 616 627
Depreciation 152 144 452 402
Taxes, other than income 21 19 57 55
Total Operating Expenses 573 581 1,700 1,765
Operating Income 233 263 631 656
Other Income (Expense) - net 1 2 3 2
Interest Expense 56 57 172 169
Interest Expense with Affiliate 10 7 25 23
Income Before Income Taxes 168 201 437 466
Income Taxes 31 43 82 78
Net Income 137 158 [2] 355 [2] 388 [2]
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 362 380 1,075 1,105
Electric revenue from affiliate 1 2 17 21
Operating Revenues 363 382 1,092 1,126
Operation        
Fuel 64 79 188 226
Energy purchases 13 14 83 110
Energy purchases from affiliate 8 2 16 6
Other operation and maintenance 93 92 277 282
Depreciation 64 61 193 168
Taxes, other than income 11 10 30 29
Total Operating Expenses 253 258 787 821
Operating Income 110 124 305 305
Other Income (Expense) - net (1) 0 (1) (1)
Interest Expense 22 22 66 65
Income Before Income Taxes 87 102 238 239
Income Taxes 16 22 47 51
Net Income [3] 71 80 191 188
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 444 464 1,256 1,316
Electric revenue from affiliate 8 2 16 6
Operating Revenues 452 466 1,272 1,322
Operation        
Fuel 113 115 290 330
Energy purchases 5 5 14 15
Energy purchases from affiliate 1 2 17 21
Other operation and maintenance 105 107 316 320
Depreciation 88 83 258 233
Taxes, other than income 10 9 27 26
Total Operating Expenses 322 321 922 945
Operating Income 130 145 350 377
Other Income (Expense) - net 1 4 2 4
Interest Expense 28 28 85 82
Income Before Income Taxes 103 121 267 299
Income Taxes 19 26 50 62
Net Income [4] $ 84 $ 95 $ 217 $ 237
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.
[3] Net income equals comprehensive income.
[4] Net income equals comprehensive income.