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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net income (loss) $ 285 $ 273
Depreciation 313 271
Amortization 17 7
Deferred income taxes and investment tax credits 77 39
Other (10) 7
Change in current assets and current liabilities    
Accounts receivable (94) (38)
Accounts payable (63) 4
Unbilled revenues 109 28
Fuel, materials and supplies 10 42
Prepayments (83) (75)
Taxes payable (42) (4)
Regulatory assets and liabilities, net (46) (41)
Accrued interest 67 57
Other (14) (53)
Other operating activities    
Defined benefit plans - funding (3) (3)
Other assets (61) (18)
Other liabilities (32) 6
Net cash provided by operating activities 430 502
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (499) (427)
Other investing activities (4) 0
Net cash used in investing activities (503) (427)
Cash Flows from Financing Activities    
Issuance of long-term debt 3,127 0
Retirement of long-term debt (1,750) 0
Payment of common stock dividends (171) (306)
Net increase (decrease) in short-term debt (985) 916
Other financing activities (44) (7)
Net cash provided by financing activities 177 603
Net Increase in Cash, Cash Equivalents and Restricted Cash 104 678
Cash and Cash Equivalents at Beginning of Period 356  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 357 3,572
Cash and Cash Equivalents at End of Period 460  
Cash, Cash Equivalents and Restricted Cash at End of Period 461 4,250
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 257 236
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net income (loss) [1] 138 143
Depreciation 99 98
Amortization 9 3
Defined benefit plans - (income) expense (10) (6)
Deferred income taxes and investment tax credits 26 41
Other (5) (4)
Change in current assets and current liabilities    
Accounts receivable (115) (52)
Accounts payable 30 20
Unbilled revenues 20 14
Prepayments (77) (72)
Taxes payable (36) (15)
Regulatory assets and liabilities, net (12) (43)
Other 15 2
Other operating activities    
Defined benefit plans - funding (1) 0
Other assets (22) (2)
Other liabilities (20) (5)
Net cash provided by operating activities 39 122
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (156) (188)
Notes receivable from affiliates 0 203
Net cash used in investing activities (156) 15
Cash Flows from Financing Activities    
Issuance of long-term debt 1,329 0
Retirement of long-term debt (1,150) 0
Payment of common stock dividends to parent (74) (72)
Net increase (decrease) in short-term debt (145) 0
Contributions from parent 200 0
Return of capital to parent 0 (40)
Net cash provided by financing activities 148 (112)
Net Increase in Cash, Cash Equivalents and Restricted Cash 31 25
Cash and Cash Equivalents at Beginning of Period 25  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 25 21
Cash and Cash Equivalents at End of Period 56  
Cash, Cash Equivalents and Restricted Cash at End of Period 56 46
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 142 153
Debt Issuance Costs (12) 0
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) [2] 86 93
Depreciation 75 74
Amortization 3 (1)
Deferred income taxes and investment tax credits 0 (4)
Other 0 1
Change in current assets and current liabilities    
Accounts receivable 28 4
Accounts receivable from affiliates 14 2
Accounts payable (35) (1)
Increase (Decrease) in Accounts Payable, Related Parties 31 (10)
Unbilled revenues 33 10
Fuel, materials and supplies 41 42
Taxes payable (27) 0
Regulatory assets and liabilities, net 21 5
Accrued interest 18 17
Other (11) (6)
Other operating activities    
Expenditures for asset retirement obligations (2) (6)
Other assets (10) (1)
Other liabilities (1) (1)
Net cash provided by operating activities 264 218
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (86) (99)
Notes receivable from affiliates (9) (4)
Net cash used in investing activities (95) (103)
Cash Flows from Financing Activities    
Issuance of long-term debt 399 0
Retirement of long-term debt (300) 0
Increase Decrease In Notes Payable To Affiliates 0 (324)
Payment of common stock dividends to parent (31) (75)
Net increase (decrease) in short-term debt (179) 284
Return of capital to parent (120) 0
Other financing activities (3) 0
Net cash provided by financing activities (234) (115)
Net Increase in Cash, Cash Equivalents and Restricted Cash (65) 0
Cash and Cash Equivalents at Beginning of Period 93 9
Cash and Cash Equivalents at End of Period 28 9
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 46 30
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) [3] 88 107
Depreciation 98 95
Amortization 5 4
Deferred income taxes and investment tax credits (1) (3)
Other (1) 1
Change in current assets and current liabilities    
Accounts receivable 16 (6)
Accounts payable (16) 0
Increase (Decrease) in Accounts Payable, Related Parties 2 (12)
Unbilled revenues 25 4
Fuel, materials and supplies (8) 3
Taxes payable (11) 20
Regulatory assets and liabilities, net 8 (3)
Accrued interest 26 26
Other 2 (5)
Other operating activities    
Expenditures for asset retirement obligations (5) (6)
Other assets (13) (6)
Other liabilities (1) 0
Net cash provided by operating activities 214 219
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (141) (129)
Net cash used in investing activities (141) (129)
Cash Flows from Financing Activities    
Issuance of long-term debt 399 0
Retirement of long-term debt (300) 0
Increase Decrease In Notes Payable To Affiliates 9 (290)
Payment of common stock dividends to parent (35) (90)
Net increase (decrease) in short-term debt (101) 285
Return of capital to parent (54) 0
Other financing activities (3) 0
Net cash provided by financing activities (85) (95)
Net Increase in Cash, Cash Equivalents and Restricted Cash (12) (5)
Cash and Cash Equivalents at Beginning of Period 21 13
Cash and Cash Equivalents at End of Period 9 8
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, $ 60 $ 49
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.