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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net income (loss) $ 915 $ 711
Income from continuing operations (net of income taxes) 915  
Depreciation 977 957
Amortization 73 61
Defined benefit plans - (income) expense (44) (52)
Deferred income taxes and investment tax credits 177 147
Other (3) 13
Change in current assets and current liabilities    
Accounts receivable (72) 259
Accounts payable (159) (236)
Unbilled revenues 130 109
Fuel, materials and supplies 3 (9)
Prepayments (9) (75)
Taxes payable 29 (8)
Regulatory assets and liabilities, net 73 (54)
Accrued interest 80 104
Other (31) (78)
Other operating activities    
Defined benefit plans - funding (9) (10)
Other assets (116) (66)
Other liabilities 67 56
Net cash provided by operating activities 2,081 1,829
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (2,868) (1,945)
Other investing activities 8 1
Net cash used in investing activities (2,860) (1,944)
Cash Flows from Financing Activities    
Issuance of long-term debt 1,895 1,894
Payment of common stock dividends (593) (557)
Net increase (decrease) in short-term debt 292 (992)
Other financing activities (35) (29)
Net cash provided by financing activities 1,559 316
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 780 201
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 1,102  
Cash, Cash Equivalents and Restricted Cash at End of Period 1,119 583
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 486 281
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net income (loss) [1] 482 441
Depreciation 307 300
Amortization 34 35
Defined benefit plans - (income) expense (21) (30)
Deferred income taxes and investment tax credits 63 91
Other (20) (9)
Change in current assets and current liabilities    
Accounts receivable (108) 67
Accounts payable (71) (63)
Unbilled revenues 43 50
Fuel, materials and supplies (24) (16)
Prepayments 5 (64)
Taxes payable (1) (36)
Regulatory assets and liabilities, net 57 (77)
Accrued interest 23 32
Other (2) (4)
Other operating activities    
Defined benefit plans - funding 0 (2)
Other assets (51) (24)
Other liabilities 3 (2)
Net cash provided by operating activities 719 689
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (1,082) (820)
Expenditures for intangible assets (7) (6)
Notes receivable from affiliates (287) (418)
Other investing activities 14 4
Net cash used in investing activities (1,362) (1,240)
Cash Flows from Financing Activities    
Issuance of long-term debt 496 649
Payment of common stock dividends to parent (298) (283)
Net increase (decrease) in short-term debt 0 (509)
Contributions from parent 540 685
Return of capital to parent (100) 0
Debt Issuance Costs (6) (7)
Net cash provided by financing activities 632 535
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (11) (16)
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 13  
Cash, Cash Equivalents and Restricted Cash at End of Period 13 35
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 237 168
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) 244 [2] 232
Depreciation 228 229
Amortization 17 10
Deferred income taxes and investment tax credits 1 3
Other (5) (3)
Change in current assets and current liabilities    
Accounts receivable 16 (13)
Accounts receivable from affiliates 9 0
Accounts payable 18 0
Increase (Decrease) in Accounts Payable, Related Parties 6 (3)
Unbilled revenues 17 21
Fuel, materials and supplies 15 (2)
Regulatory assets and liabilities, net (16) 4
Accrued interest 28 22
Other (19) (21)
Other operating activities    
Expenditures for asset retirement obligations (8) (8)
Other assets (21) (12)
Other liabilities 8 (3)
Net cash provided by operating activities 538 456
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (561) (327)
Net cash used in investing activities (561) (327)
Cash Flows from Financing Activities    
Issuance of long-term debt 700 0
Increase Decrease In Notes Payable To Affiliates (43) 34
Payment of common stock dividends to parent (148) (138)
Net increase (decrease) in short-term debt (25) 0
Contributions from parent 101 37
Return of capital to parent (55) (76)
Debt Issuance Costs (8) 0
Net cash provided by financing activities 522 (143)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 499 (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 515  
Cash, Cash Equivalents and Restricted Cash at End of Period 523 30
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 68 43
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) [3] 312 283
Depreciation 305 302
Amortization 13 14
Defined benefit plans - (income) expense (2) (8)
Deferred income taxes and investment tax credits 11 (12)
Other (6) (2)
Change in current assets and current liabilities    
Accounts receivable 3 (25)
Accounts payable (4) (3)
Increase (Decrease) in Accounts Payable, Related Parties 19 7
Unbilled revenues 12 9
Fuel, materials and supplies (3) 19
Taxes payable 3 7
Regulatory assets and liabilities, net 3 27
Accrued interest 37 31
Other (19) (8)
Other operating activities    
Expenditures for asset retirement obligations (7) (7)
Other assets (28) (6)
Other liabilities (2) (16)
Net cash provided by operating activities 647 612
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (681) (463)
Net cash used in investing activities (681) (463)
Cash Flows from Financing Activities    
Issuance of long-term debt 700 0
Increase Decrease In Notes Payable To Affiliates (73) 128
Payment of common stock dividends to parent (179) (167)
Net increase (decrease) in short-term debt (140) (93)
Contributions from parent 91 84
Return of capital to parent (37) (103)
Debt Issuance Costs (8) 0
Net cash provided by financing activities 354 (151)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 320 (2)
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 341  
Cash, Cash Equivalents and Restricted Cash at End of Period 349 36
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, $ 84 $ 54
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.