PPL Corporation (PPL) Financial Statements (2024 and earlier)

Company Profile

Business Address TWO N NINTH ST
ALLENTOWN, PA 18101-1179
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3563,571708815621485
Cash and cash equivalents3563,571708815621485
Restricted cash and investments 113  
Receivables1,046641881792770781
Inventory, net of allowances, customer advances and progress billings443322361332303320
Inventory443322361332303320
Prepaid expense926096797066
Derivative instruments and hedges, assets   9414710949
Regulatory asset2586499673634
Other current assets77106130986350
Other undisclosed current assets552242398434460509
Total current assets:2,8245,0072,7682,7672,4322,294
Noncurrent Assets
Property, plant and equipment   38,89236,48234,45833,092
Intangible assets, net (including goodwill)2,5611,0594,0383,9403,8783,955
Goodwill2,2487163,2743,1983,1623,258
Intangible assets, net (excluding goodwill)313343764742716697
Derivative instruments and hedges   52149228215
Regulated entity, other noncurrent assets1,8191,2361,2621,4921,6731,504
Other noncurrent assets395451398386192135
Other undisclosed noncurrent assets   (38,186)(36,018)(33,923)(32,808)
Total noncurrent assets:4,7752,7466,4566,4316,5066,093
Other undisclosed assets30,23825,47038,89236,48234,45833,092
TOTAL ASSETS:37,83733,22348,11645,68043,39641,479
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5881,1611,6781,6661,6731,584
Interest and dividends payable386622611574555
Taxes payable969199110105
Accounts payable1,201679965956989924
Accrued liabilities387     
Debt1,3395433,2362,3231,9601,428
Regulatory liability2381827911512295
Customer advances and deposits292
Other liabilities624437684535551624
Other undisclosed current liabilities   300261257 
Total current liabilities:3,7892,3235,9774,9004,5634,023
Noncurrent Liabilities
Long-term debt and lease obligation  21,55320,721  
Long-term debt, excluding current maturities  21,55320,721  
Liabilities, other than long-term debt7,1246,3927,0916,9446,9816,719
Asset retirement obligations138157200212264312
Deferred tax liabilities, net2,7962,462
Deferred income tax liabilities3,0073,1513,5683,088
Liability, pension and other postretirement and postemployment benefits206183200587771800
Regulatory liability3,4122,4222,5302,5722,7142,704
Other liabilities361479593485436441
Other undisclosed liabilities, other than long-term debt      
Other undisclosed noncurrent liabilities 117119(21,431)(20,597)126129
Total noncurrent liabilities:7,2416,5117,2137,0687,1076,848
Other undisclosed liabilities 12,889     
Total liabilities:23,9198,83413,19011,96811,67010,871
Equity
Equity, attributable to parent13,91513,72313,37312,99111,65710,761
Common stock888877
Treasury stock, value(967)(1,003)    
Additional paid in capital12,31712,30312,27012,21411,02110,305
Accumulated other comprehensive loss(124)(157)(4,220)(4,358)(3,964)(3,422)
Retained earnings2,6812,5725,3155,1274,5933,871
Equity, attributable to noncontrolling interest 3     
Total equity:13,91813,72313,37312,99111,65710,761
Other undisclosed liabilities and equity  10,66621,55320,72120,06919,847
TOTAL LIABILITIES AND EQUITY:37,83733,22348,11645,68043,39641,479

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues7,9025,7837,6077,7697,7857,447
Cost of revenue
(Cost of Goods and Services Sold)
(931)(710)(632)(709)(799)(2,394)
Gross profit:6,9715,0736,9757,0606,9865,053
Other undisclosed operating loss(5,597)(3,649)(4,172)(4,220)(4,134)(1,985)
Operating income:1,3741,4242,8032,8402,8523,068
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
5415169309396(255)
Interest and debt expense(513)(918)(1,001)(994)(963)(901)
Income from continuing operations before income taxes:9155211,9712,1552,2851,912
Income tax expense(201)(503)(502)(409)(458)(784)
Income from continuing operations:714181,4691,7461,8271,128
Income before gain (loss) on sale of properties:181,4691,7461,8271,128
Net income:714181,4691,7461,8271,128
Other undisclosed net income (loss) attributable to parent42(1,498)    
Net income (loss) attributable to parent:756(1,480)1,4691,7461,8271,128
Undistributed earnings (loss) allocated to participating securities, basic     (2)
Other undisclosed net loss available to common stockholders, basic(1)     
Net income (loss) available to common stockholders, basic:755(1,480)1,4691,7461,8271,126
Other undisclosed net loss available to common stockholders, diluted   (1)(1)(2) 
Net income (loss) available to common stockholders, diluted:755(1,480)1,4681,7451,8251,126

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:714181,4691,7461,8271,128
Other comprehensive income (loss)334,063138(394)(491)356
Other undisclosed comprehensive income (loss)42(1,498)    
Comprehensive income, net of tax, attributable to parent:7892,5831,6071,3521,3361,484

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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