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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities    
Net income (loss) $ 413 $ 545
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 284 264
Amortization 64 55
Defined benefit plans - expense 51 42
Deferred income taxes and investment tax credits 80 257
Unrealized (gains) losses on derivatives, and other hedging activities 98 (235)
Other 30 20
Change in current assets and current liabilities    
Accounts receivable (187) 32
Accounts payable (138) (99)
Unbilled revenues 137 59
Prepayments (117) (100)
Counterparty collateral (64) 65
Taxes 122 66
Other (74) (8)
Other operating activities    
Defined benefit plans - funding (429) (208)
Other assets 33 (12)
Other liabilities (59) (15)
Net cash provided by (used in) operating activities 244 728
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (828) (682)
Purchases of nuclear plant decommissioning trust investments (28) (38)
Proceeds from the sale of nuclear plant decommissioning trust investments 24 34
Proceeds from the sale of other investments    16
Net (increase) decrease in restricted cash and cash equivalents (52) (22)
Other investing activities (15) (19)
Net cash provided by (used in) investing activities (899) (711)
Cash Flows from Financing Activities    
Issuance of long-term debt 450   
Retirement of long-term debt (8)   
Issuance of common stock 20 16
Payment of common stock dividends (210) (203)
Debt issuance and credit facility costs (18) (3)
Contract adjustment payments (24) (23)
Net increase (decrease) in short-term debt 416 93
Other financing activities (5) (4)
Net cash provided by (used in) financing activities 621 (124)
Effect of Exchange Rates on Cash and Cash Equivalents (14) 8
Net Increase (Decrease) in Cash and Cash Equivalents (48) (99)
Cash and Cash Equivalents at Beginning of Period 901 1,202
Cash and Cash Equivalents at End of Period 853 1,103
PPL Energy Supply LLC [Member]
   
Cash Flows from Operating Activities    
Net income (loss) (38) 309
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 78 64
Amortization 44 38
Defined benefit plans - expense 12 10
Deferred income taxes and investment tax credits (21) 161
Unrealized (gains) losses on derivatives, and other hedging activities 214 (260)
Other 19 17
Change in current assets and current liabilities    
Accounts receivable 71 37
Accounts payable (108) (24)
Unbilled revenues 123 6
Fuel, materials and supplies 11 (51)
Prepayments (104) (7)
Counterparty collateral (64) 65
Taxes      
Other 23 (29)
Other operating activities    
Defined benefit plans - funding (105) (69)
Other assets 44 (12)
Other liabilities (74) (1)
Net cash provided by (used in) operating activities 125 254
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (124) (199)
Expenditures for intangible assets (10) (13)
Purchases of nuclear plant decommissioning trust investments (28) (38)
Proceeds from the sale of nuclear plant decommissioning trust investments 24 34
Net (increase) decrease in notes receivable from affiliates    198
Net (increase) decrease in restricted cash and cash equivalents (59) (19)
Other investing activities 2 (4)
Net cash provided by (used in) investing activities (195) (41)
Cash Flows from Financing Activities    
Retirement of long-term debt (8)   
Distributions to member (313) (557)
Net increase (decrease) in short-term debt 125 100
Net cash provided by (used in) financing activities (196) (457)
Net Increase (Decrease) in Cash and Cash Equivalents (266) (244)
Cash and Cash Equivalents at Beginning of Period 413 379
Cash and Cash Equivalents at End of Period 147 135
PPL Electric Utilities Corp [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 64 [1] 37 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 43 39
Amortization 5 4
Defined benefit plans - expense 7 9
Deferred income taxes and investment tax credits 45 58
Other 3 5
Change in current assets and current liabilities    
Accounts receivable (87) (11)
Accounts payable (40) (25)
Unbilled revenues 5 23
Prepayments (28) (70)
Taxes 15   
Other (26) (1)
Other operating activities    
Defined benefit plans - funding (88) (54)
Other assets 8   
Other liabilities (3) (24)
Net cash provided by (used in) operating activities (77) (10)
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (189) (121)
Other investing activities (3) (1)
Net cash provided by (used in) investing activities (192) (122)
Cash Flows from Financing Activities    
Contributions from parent 60   
Payment of common stock dividends to parent (25) (35)
Net increase (decrease) in short-term debt 125   
Other financing activities    (4)
Net cash provided by (used in) financing activities 160 (39)
Net Increase (Decrease) in Cash and Cash Equivalents (109) (171)
Cash and Cash Equivalents at Beginning of Period 140 320
Cash and Cash Equivalents at End of Period 31 149
LG And E And KU Energy LLC [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 96 [1] 53 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 82 86
Amortization 7 7
Defined benefit plans - expense 17 10
Deferred income taxes and investment tax credits 45 32
Other 1 (1)
Change in current assets and current liabilities    
Accounts receivable (78)   
Accounts payable 31 16
Accounts payable to affiliates 1 4
Unbilled revenues    29
Fuel, materials and supplies 47 29
Taxes (2) 9
Accrued interest 30 30
Other (29) (19)
Other operating activities    
Defined benefit plans - funding (154) (58)
Other assets 2 (1)
Other liabilities (11) 6
Net cash provided by (used in) operating activities 85 232
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (271) (174)
Net (increase) decrease in notes receivable from affiliates    10
Net (increase) decrease in restricted cash and cash equivalents 4 2
Net cash provided by (used in) investing activities (267) (162)
Cash Flows from Financing Activities    
Contributions from member 75   
Distributions to member (4) (25)
Net increase (decrease) in notes payable to affiliates 60   
Net increase (decrease) in short-term debt 60   
Net cash provided by (used in) financing activities 191 (25)
Net Increase (Decrease) in Cash and Cash Equivalents 9 45
Cash and Cash Equivalents at Beginning of Period 43 59
Cash and Cash Equivalents at End of Period 52 104
Louisville Gas And Electric Co [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 44 [2] 25 [2]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 36 38
Amortization 3   
Defined benefit plans - expense 6 4
Deferred income taxes and investment tax credits 11 16
Other (5) (1)
Change in current assets and current liabilities    
Accounts receivable (37) (9)
Accounts payable 9 14
Accounts payable to affiliates (7) (10)
Unbilled revenues 1 16
Fuel, materials and supplies 37 19
Taxes 17 5
Other 11 8
Other operating activities    
Defined benefit plans - funding (43) (24)
Other liabilities 2 1
Net cash provided by (used in) operating activities 85 102
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (98) (60)
Net (increase) decrease in restricted cash and cash equivalents 4 2
Net cash provided by (used in) investing activities (94) (58)
Cash Flows from Financing Activities    
Contributions from parent 25   
Payment of common stock dividends to parent (19) (15)
Net increase (decrease) in short-term debt 15   
Net cash provided by (used in) financing activities 21 (15)
Net Increase (Decrease) in Cash and Cash Equivalents 12 29
Cash and Cash Equivalents at Beginning of Period 22 25
Cash and Cash Equivalents at End of Period 34 54
Kentucky Utilities Co [Member]
   
Cash Flows from Operating Activities    
Net income (loss) 64 [1] 38 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 46 48
Amortization 4   
Defined benefit plans - expense 5 3
Deferred income taxes and investment tax credits 35 25
Other 9 6
Change in current assets and current liabilities    
Accounts receivable (31) (7)
Accounts payable 32 10
Accounts payable to affiliates 8 3
Unbilled revenues (1) 13
Fuel, materials and supplies 10 10
Taxes (17) 4
Accrued interest 15 15
Other (20) (3)
Other operating activities    
Defined benefit plans - funding (60) (17)
Other assets 1 (1)
Other liabilities (15) 5
Net cash provided by (used in) operating activities 85 152
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (172) (113)
Net cash provided by (used in) investing activities (172) (113)
Cash Flows from Financing Activities    
Contributions from parent 50   
Payment of common stock dividends to parent (13) (24)
Net increase (decrease) in short-term debt 45   
Net cash provided by (used in) financing activities 82 (24)
Net Increase (Decrease) in Cash and Cash Equivalents (5) 15
Cash and Cash Equivalents at Beginning of Period 21 31
Cash and Cash Equivalents at End of Period $ 16 $ 46
[1] Net income approximates comprehensive income.
[2] Net income equals comprehensive income.