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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net income (loss) $ 566 $ (1,614)
Loss from discontinued operations (net of income taxes) 0 1,490
Income from continuing operations (net of income taxes) 566 (124)
Depreciation 872 810
Amortization 30 30
Deferred income taxes and investment tax credits 55 51
Impairment of assets held for sale 0 37
Loss on extinguishment of debt 0 395
Impairment of assets held for sale 67 0
Other 32 7
Change in current assets and current liabilities    
Accounts receivable (103) (25)
Accounts payable 120 (32)
Unbilled revenues 42 67
Fuel, materials and supplies (71) 3
Taxes payable (14) 75
Regulatory assets and liabilities, net (158) 50
Accrued interest 59 25
Other 29 10
Other operating activities    
Defined benefit plans - funding (8) (41)
Other assets (77) (105)
Other liabilities 70 19
Net cash provided by operating activities - continuing operations 1,511 1,252
Net cash provided by operating activities - discontinued operations 0 726
Net cash provided by operating activities 1,511 1,978
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (1,515) (1,460)
Acquisition of Narragansett Electric, net of cash acquired (3,674) 0
Proceeds from sale of discontinued operations, net of cash divested 0 10,560
Other investing activities 3 (22)
Net cash provided by (used in) investing activities - continuing operations (5,186) 9,078
Net cash provided by (used in) investing activities - discontinued operations 0 (607)
Net cash provided by (used in) investing activities (5,186) 8,471
Cash Flows from Financing Activities    
Issuance of long-term debt 850 650
Retirement of long-term debt (263) (4,606)
Payment of common stock dividends (620) (961)
Purchase of treasury stock 0 (282)
Retirement of term loan 0 (300)
Retirement of commercial paper 0 (73)
Net increase (decrease) in short-term debt 441 (795)
Other financing activities (1) (3)
Net cash provided by (used in) financing activities - continuing operations 407 (6,370)
Net cash provided by (used in) financing activities - discontinued operations 0 (411)
Contributions from discontinued operations 0 365
Net cash provided by (used in) financing activities 407 (6,416)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash included in Discontinued Operations 0 8
Net Decrease in Cash, Cash Equivalents and Restricted Cash included in Discontinued Operations 0 284
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (3,268) 4,325
Cash and Cash Equivalents at Beginning of Period 3,571  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 3,572 443
Cash and Cash Equivalents at End of Period 303  
Cash, Cash Equivalents and Restricted Cash at End of Period 304 4,768
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 239 214
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net income (loss) [1] 410 335
Depreciation 296 322
Amortization 10 14
Defined benefit plans - (income) expense (17) (7)
Deferred income taxes and investment tax credits 67 75
Other (12) (15)
Change in current assets and current liabilities    
Accounts receivable (73) (24)
Accounts payable (39) (39)
Unbilled revenues 11 37
Fuel, materials and supplies (22) 3
Prepayments (12) (32)
Taxes payable (26) (1)
Regulatory assets and liabilities, net (57) 81
Other (15) 6
Other operating activities    
Defined benefit plans - funding 0 (21)
Other assets (15) (18)
Other liabilities (8) (12)
Net cash provided by operating activities 498 704
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (621) (680)
Notes receivable from affiliates 499 (575)
Other investing activities 2 (1)
Net cash provided by (used in) investing activities (120) (1,256)
Cash Flows from Financing Activities    
Issuance of long-term debt 250 650
Retirement of long-term debt (250) (400)
Payment of common stock dividends to parent (246) (251)
Contributions from parent 0 1,075
Return of capital to parent (130) (500)
Other financing activities (1) (3)
Net cash provided by (used in) financing activities (377) 571
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 1 19
Cash and Cash Equivalents at Beginning of Period 21  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 21 40
Cash and Cash Equivalents at End of Period 22  
Cash, Cash Equivalents and Restricted Cash at End of Period 22 59
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 150 131
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) [2] 224 202
Depreciation 223 206
Amortization (1) 1
Defined benefit plans - (income) expense (1) 0
Deferred income taxes and investment tax credits (3) 4
Other 3 0
Change in current assets and current liabilities    
Accounts receivable 15 4
Accounts receivable from affiliates 5 (2)
Accounts payable 10 19
Increase (Decrease) in Accounts Payable, Related Parties 19 (13)
Unbilled revenues 11 19
Fuel, materials and supplies (22) (7)
Taxes payable 4 5
Regulatory assets and liabilities, net (12) (14)
Accrued interest 17 17
Other (4) (8)
Other operating activities    
Defined benefit plans - funding (2) (3)
Expenditures for asset retirement obligations (10) (19)
Other assets (3) (3)
Other liabilities 0 4
Net cash provided by operating activities 473 412
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (273) (339)
Net cash provided by (used in) investing activities (273) (339)
Cash Flows from Financing Activities    
Issuance of long-term debt 300 0
Increase Decrease In Notes Payable To Affiliates (310) 284
Retirement of commercial paper 0 (41)
Payment of common stock dividends to parent (224) (139)
Net increase (decrease) in short-term debt 41 (221)
Contributions from parent 10 44
Other financing activities (1) (2)
Net cash provided by (used in) financing activities (184) (75)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 16 (2)
Cash and Cash Equivalents at Beginning of Period 9 7
Cash and Cash Equivalents at End of Period 25 5
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 36 40
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) [3] 268 241
Depreciation 289 273
Amortization 12 5
Defined benefit plans - (income) expense (3) (2)
Deferred income taxes and investment tax credits (2) 0
Other 3 (1)
Change in current assets and current liabilities    
Accounts receivable (17) (6)
Accounts receivable from affiliates 0 1
Accounts payable 7 (4)
Increase (Decrease) in Accounts Payable, Related Parties 22 (4)
Unbilled revenues 4 17
Fuel, materials and supplies (17) 4
Taxes payable 15 9
Regulatory assets and liabilities, net (20) (16)
Accrued interest 26 25
Other (5) (17)
Other operating activities    
Defined benefit plans - funding (1) (1)
Expenditures for asset retirement obligations (23) (27)
Other assets 1 2
Other liabilities (3) 5
Net cash provided by operating activities 556 504
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (397) (400)
Other investing activities 0 4
Net cash provided by (used in) investing activities (397) (396)
Cash Flows from Financing Activities    
Issuance of long-term debt 300 0
Increase Decrease In Notes Payable To Affiliates (272) 208
Retirement of commercial paper 0 (32)
Payment of common stock dividends to parent (234) (186)
Net increase (decrease) in short-term debt 0 (171)
Contributions from parent 60 60
Other financing activities (1) (1)
Net cash provided by (used in) financing activities (147) (122)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 12 (14)
Cash and Cash Equivalents at Beginning of Period 13 22
Cash and Cash Equivalents at End of Period 25 8
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, $ 46 $ 43
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.