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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net Income $ 1,179 $ 1,382
Depreciation 959 890
Amortization 47 60
Defined benefit plans - (income) expense (155) (198)
Deferred income taxes and investment tax credits 355 257
Unrealized (gains) losses on derivatives, and other hedging activities 98 (18)
Stock-based compensation expense 17 24
Other (6) (15)
Change in current assets and current liabilities    
Accounts receivable (40) 57
Accounts payable (35) (116)
Unbilled revenues 126 58
Fuel, materials and supplies (8) 9
Prepayments (53) (53)
Regulatory assets and liabilities, net (44) (62)
Accrued interest 86 74
Other current liabilities (29) (94)
Other 20 (6)
Other operating activities    
Defined benefit plans - funding 264 281
Other assets (7) (24)
Other liabilities 1 (56)
Net cash provided by operating activities 2,247 1,888
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (2,348) (2,197)
Purchase of investments 0 (55)
Proceeds from the sale of investments 2 63
Other investing activities (12) (5)
Net cash used in investing activities (2,358) (2,194)
Cash Flows from Financing Activities    
Issuance of long-term debt 1,598 1,465
Retirement of long-term debt (975) (200)
Proceeds from project financing 152 0
Issuance of common stock 32 49
Payment of common stock dividends (956) (893)
Issuance of term loan 300 0
Net increase (decrease) in short-term debt (94) (34)
Other financing activities (24) (24)
Net cash provided by (used in) financing activities 33 363
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash 11 (10)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (67) 47
Cash and Cash Equivalents at Beginning of Period 815  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 836 643
Cash and Cash Equivalents at End of Period 746  
Cash, Cash Equivalents and Restricted Cash at End of Period 769 690
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 279 363
Accrued expenditures for intangible assets at September 30, 86 67
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net Income [1] 370 333
Depreciation 301 290
Amortization 21 18
Defined benefit plans - (income) expense (1) 0
Deferred income taxes and investment tax credits 68 70
Other 0 (14)
Change in current assets and current liabilities    
Accounts receivable (35) 34
Accounts payable (7) (46)
Unbilled revenues 54 28
Fuel, materials and supplies (23) (7)
Prepayments (30) (36)
Regulatory assets and liabilities, net (31) (42)
Taxes payable 4 (4)
Other (3) (13)
Other operating activities    
Defined benefit plans - funding 21 21
Other assets (20) 11
Other liabilities 9 8
Net cash provided by operating activities 656 609
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (840) (815)
Expenditures for intangible assets (5) (4)
Other investing activities 1 4
Net cash used in investing activities (844) (1,361)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 393
Payment of common stock dividends to parent (323) (276)
Net increase (decrease) in short-term debt 280 0
Contributions from parent 740 400
Return of capital to parent (745) 0
Other financing activities 0 (5)
Net cash provided by (used in) financing activities (48) 512
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (236) (240)
Cash and Cash Equivalents at Beginning of Period 262  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 264 269
Cash and Cash Equivalents at End of Period 26  
Cash, Cash Equivalents and Restricted Cash at End of Period 28 29
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 150 168
LG And E And KU Energy LLC [Member]    
Cash Flows from Operating Activities    
Net Income [2] 355 388
Depreciation 452 402
Amortization 14 20
Defined benefit plans - (income) expense 11 9
Deferred income taxes and investment tax credits 58 78
Other (1) (2)
Change in current assets and current liabilities    
Accounts receivable (8) 13
Accounts payable (20) (34)
Accounts payable to affiliates 7 6
Unbilled revenues 37 5
Fuel, materials and supplies 21 16
Regulatory assets and liabilities, net (15) (19)
Taxes payable 0 (7)
Accrued interest 42 57
Other (32) (31)
Other operating activities    
Defined benefit plans - funding 28 34
Expenditures for asset retirement obligations (59) (67)
Other assets (2) (4)
Other liabilities 40 17
Net cash provided by operating activities 872 813
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (710) (761)
Other investing activities 3 0
Net cash used in investing activities (707) (761)
Cash Flows from Financing Activities    
Issuance of long-term debt 498 705
Retirement of long-term debt (975) (200)
Acquisition of outstanding bonds 0 40
Remarketing of reacquired bonds 0 40
Net increase in notes payable with affiliate 3 16
Issuance of long-term debt with affiliate 550 0
Distributions to member (194) (206)
Contributions from member 0 63
Net increase (decrease) in short-term debt (43) (413)
Other financing activities (6) (11)
Net cash provided by (used in) financing activities (167) (46)
Cash and Cash Equivalents, Period Increase (Decrease) (2) 6
Cash and Cash Equivalents at Beginning of Period 27 24
Cash and Cash Equivalents at End of Period 25 30
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 78 107
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net Income [3] 191 188
Depreciation 193 168
Amortization 6 13
Defined benefit plans - (income) expense 2 0
Deferred income taxes and investment tax credits 1 45
Other 0 2
Change in current assets and current liabilities    
Accounts receivable 6 13
Accounts receivable from affiliates 7 9
Accounts payable (23) (10)
Accounts payable to affiliates (8) (5)
Unbilled revenues 22 4
Fuel, materials and supplies 9 7
Regulatory assets and liabilities, net 5 (5)
Taxes payable (1) 0
Accrued interest 18 22
Other (13) (15)
Other operating activities    
Defined benefit plans - funding 6 6
Expenditures for asset retirement obligations (12) (22)
Other assets (1) (1)
Other liabilities 23 10
Net cash provided by operating activities 419 417
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (329) (323)
Net cash used in investing activities (329) (323)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 399
Retirement of long-term debt 0 (200)
Acquisition of outstanding bonds 0 40
Remarketing of reacquired bonds 0 40
Payment of common stock dividends to parent (115) (130)
Net increase (decrease) in short-term debt (32) (180)
Contributions from parent 53 25
Other financing activities (1) (6)
Net cash provided by (used in) financing activities (95) (92)
Cash and Cash Equivalents, Period Increase (Decrease) (5) 2
Cash and Cash Equivalents at Beginning of Period 15 10
Cash and Cash Equivalents at End of Period 10 12
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 43 53
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net Income [4] 217 237
Depreciation 258 233
Amortization 6 7
Deferred income taxes and investment tax credits 20 44
Other (1) (3)
Change in current assets and current liabilities    
Accounts receivable (22) 0
Accounts payable 7 (16)
Accounts payable to affiliates (18) (14)
Unbilled revenues 15 1
Fuel, materials and supplies 12 9
Regulatory assets and liabilities, net (20) (14)
Taxes payable 1 5
Accrued interest 23 28
Other (15) (6)
Other operating activities    
Defined benefit plans - funding 1 3
Expenditures for asset retirement obligations (47) (45)
Other assets 0 (2)
Other liabilities 11 10
Net cash provided by operating activities 446 471
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (381) (436)
Other investing activities 3 0
Net cash used in investing activities (378) (436)
Cash Flows from Financing Activities    
Issuance of long-term debt 498 306
Retirement of long-term debt (500) 0
Payment of common stock dividends to parent (145) (167)
Net increase (decrease) in short-term debt (11) (233)
Contributions from parent 98 68
Other financing activities (5) (5)
Net cash provided by (used in) financing activities (65) (31)
Cash and Cash Equivalents, Period Increase (Decrease) 3 4
Cash and Cash Equivalents at Beginning of Period 12 14
Cash and Cash Equivalents at End of Period 15 18
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, $ 35 $ 54
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.
[3] Net income equals comprehensive income.
[4] Net income equals comprehensive income.