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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net income (loss) $ 414 $ 307
Income from continuing operations (net of income taxes) 414  
Depreciation 322 316
Amortization 20 24
Defined benefit plans - (income) expense (16) (15)
Deferred income taxes and investment tax credits 38 72
Other 13 3
Change in current assets and current liabilities    
Accounts receivable (277) (75)
Accounts payable (120) (221)
Unbilled revenues 108 57
Fuel, materials and supplies 37 33
Prepayments (87) (108)
Taxes payable 40 (47)
Regulatory assets and liabilities, net 79 (61)
Accrued interest 67 90
Other (80) (103)
Other operating activities    
Defined benefit plans - funding (5) (5)
Other assets (50) (1)
Other liabilities 10 16
Net cash provided by operating activities 513 282
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (793) (596)
Other investing activities 10 5
Net cash used in investing activities (783) (591)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 1,148
Payment of common stock dividends (190) (177)
Net increase (decrease) in short-term debt 475 (701)
Other financing activities (14) (22)
Net cash provided by financing activities 271 248
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 1 (61)
Cash and Cash Equivalents at Beginning of Period 306  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 339 382
Cash and Cash Equivalents at End of Period 312  
Cash, Cash Equivalents and Restricted Cash at End of Period 340 321
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 397 253
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net income (loss) [1] 184 149
Depreciation 102 99
Amortization 11 12
Defined benefit plans - (income) expense (7) (11)
Deferred income taxes and investment tax credits 20 32
Other (5) (7)
Change in current assets and current liabilities    
Accounts receivable (132) (33)
Accounts payable (7) (59)
Unbilled revenues 43 30
Fuel, materials and supplies (8) (4)
Prepayments (90) (110)
Taxes payable (2) (48)
Regulatory assets and liabilities, net 36 (28)
Accrued interest 19 35
Other (13) (26)
Other operating activities    
Other assets (18) 0
Other liabilities 1 (3)
Net cash provided by operating activities 134 28
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (328) (229)
Expenditures for intangible assets (1) (1)
Notes receivable from affiliates 222 (554)
Other investing activities 10 4
Net cash used in investing activities (97) (780)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 649
Payment of common stock dividends to parent (88) (88)
Net increase (decrease) in short-term debt 55 (509)
Contributions from parent 0 675
Debt Issuance Costs (1) (5)
Net cash provided by financing activities (34) 722
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 3 (30)
Cash and Cash Equivalents at Beginning of Period 24  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 24 51
Cash and Cash Equivalents at End of Period 27  
Cash, Cash Equivalents and Restricted Cash at End of Period 27 21
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 185 146
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) 105 [2] 93
Depreciation 74 76
Amortization 4 3
Deferred income taxes and investment tax credits 1 2
Other 0 1
Change in current assets and current liabilities    
Accounts receivable (11) (19)
Accounts receivable from affiliates 12 (11)
Accounts payable 23 6
Increase (Decrease) in Accounts Payable, Related Parties 26 34
Unbilled revenues 19 16
Fuel, materials and supplies 23 13
Taxes payable (23) (26)
Regulatory assets and liabilities, net (21) (21)
Accrued interest 23 23
Other (19) (19)
Other operating activities    
Expenditures for asset retirement obligations (2) (2)
Other assets (32) 0
Other liabilities (3) (3)
Net cash provided by operating activities 199 166
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (117) (92)
Notes receivable from affiliates (5) (28)
Net cash used in investing activities (122) (120)
Cash Flows from Financing Activities    
Increase Decrease In Notes Payable To Affiliates (43) 0
Payment of common stock dividends to parent (43) (37)
Net increase (decrease) in short-term debt 64 28
Return of capital to parent (55) (51)
Debt Issuance Costs (1) 0
Net cash provided by financing activities (78) (60)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (1) (14)
Cash and Cash Equivalents at Beginning of Period 8  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 24 44
Cash and Cash Equivalents at End of Period 10  
Cash, Cash Equivalents and Restricted Cash at End of Period 23 30
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, 72 35
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) [3] 125 108
Depreciation 102 99
Amortization 4 5
Deferred income taxes and investment tax credits 3 (1)
Other (3) (2)
Change in current assets and current liabilities    
Accounts receivable (29) (21)
Accounts payable (3) (13)
Increase (Decrease) in Accounts Payable, Related Parties 29 52
Unbilled revenues 18 6
Fuel, materials and supplies 7 8
Taxes payable (18) (17)
Regulatory assets and liabilities, net 5 1
Accrued interest 32 32
Other (3) (7)
Other operating activities    
Expenditures for asset retirement obligations (2) (2)
Other assets (9) 8
Other liabilities (5) (4)
Net cash provided by operating activities 253 252
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (174) (148)
Other investing activities 0 0
Net cash used in investing activities (174) (148)
Cash Flows from Financing Activities    
Increase Decrease In Notes Payable To Affiliates (65) 37
Payment of common stock dividends to parent (46) (47)
Net increase (decrease) in short-term debt 68 (48)
Return of capital to parent (37) (50)
Debt Issuance Costs (1) 0
Net cash provided by financing activities (81) (108)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (2) (4)
Cash and Cash Equivalents at Beginning of Period 13  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 29 38
Cash and Cash Equivalents at End of Period 14  
Cash, Cash Equivalents and Restricted Cash at End of Period 27 34
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at March 31, $ 74 $ 44
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.