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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3313563,571708815621
Cash and cash equivalents3313563,571708815621
Restricted cash and investments  113 
Receivables1,2211,046641881792770
Inventory, net of allowances, customer advances and progress billings505443322361332303
Inventory505443322361332303
Prepaid expense1039260967970
Derivative instruments and hedges, assets    94147109
Regulatory asset29325864996736
Other current assets51771061309863
Other undisclosed current assets428552242398434460
Total current assets:2,9322,8245,0072,7682,7672,432
Noncurrent Assets
Property, plant and equipment    38,89236,48234,458
Intangible assets, net (including goodwill)2,5532,5611,0594,0383,9403,878
Goodwill2,2472,2487163,2743,1983,162
Intangible assets, net (excluding goodwill)306313343764742716
Derivative instruments and hedges    52149228
Regulated entity, other noncurrent assets1,8741,8191,2361,2621,4921,673
Other noncurrent assets459395451398386192
Other undisclosed noncurrent assets    (38,186)(36,018)(33,923)
Total noncurrent assets:4,8864,7752,7466,4566,4316,506
Other undisclosed assets31,41830,23825,47038,89236,48234,458
TOTAL ASSETS:39,23637,83733,22348,11645,68043,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5311,5881,1611,6781,6661,673
Interest and dividends payable386622611574
Taxes payable969199110
Accounts payable1,1041,201679965956989
Accrued liabilities427387    
Debt9931,3395433,2362,3231,960
Regulatory liability22523818279115122
Other liabilities591624437684535551
Other undisclosed current liabilities    300261257
Total current liabilities:3,3403,7892,3235,9774,9004,563
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 debt7,2387,1246,3927,0916,9446,981
Asset retirement obligations133138157200212264
Deferred tax liabilities, net2,796
Deferred income tax liabilities3,1053,0073,1513,5683,088
Liability, pension and other postretirement and postemployment benefits275206183200587771
Regulatory liability3,3403,4122,4222,5302,5722,714
Other liabilities385361479593485436
Other undisclosed liabilities, other than long-term debt      
Other undisclosed noncurrent liabilities 114117119(21,431)(20,597)126
Total noncurrent liabilities:7,3527,2416,5117,2137,0687,107
Other undisclosed liabilities 14,61112,889    
Total liabilities:25,30323,9198,83413,19011,96811,670
Equity
Equity, attributable to parent13,93313,91513,72313,37312,99111,657
Common stock888887
Treasury stock, value(948)(967)(1,003)   
Additional paid in capital12,32612,31712,30312,27012,21411,021
Accumulated other comprehensive loss(163)(124)(157)(4,220)(4,358)(3,964)
Retained earnings2,7102,6812,5725,3155,1274,593
Equity, attributable to noncontrolling interest  3    
Total equity:13,93313,91813,72313,37312,99111,657
Other undisclosed liabilities and equity   10,66621,55320,72120,069
TOTAL LIABILITIES AND EQUITY:39,23637,83733,22348,11645,68043,396

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues8,3127,9025,7837,6077,7697,785
Cost of revenue
(Cost of Goods and Services Sold)
(733)(931)(710)(632)(709)(799)
Gross profit:7,5796,9715,0736,9757,0606,986
Other undisclosed operating loss(5,949)(5,597)(3,649)(4,172)(4,220)(4,134)
Operating income:1,6301,3741,4242,8032,8402,852
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(40)5415169309396
Interest and debt expense(666)(513)(918)(1,001)(994)(963)
Income from continuing operations before equity method investments, income taxes:9249155211,9712,1552,285
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:9249155211,9712,1552,285
Income tax expense(184)(201)(503)(502)(409)(458)
Income from continuing operations:740714181,4691,7461,827
Income before gain (loss) on sale of properties:181,4691,7461,827
Net income:740714181,4691,7461,827
Other undisclosed net income (loss) attributable to parent  42(1,498)   
Net income (loss) attributable to parent:740756(1,480)1,4691,7461,827
Other undisclosed net loss available to common stockholders, basic (1)(1)    
Net income (loss) available to common stockholders, basic:739755(1,480)1,4691,7461,827
Other undisclosed net loss available to common stockholders, diluted    (1)(1)(2)
Net income (loss) available to common stockholders, diluted:739755(1,480)1,4681,7451,825

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:740714181,4691,7461,827
Other comprehensive income (loss)(39)334,063138(394)(491)
Other undisclosed comprehensive income (loss)  42(1,498)   
Comprehensive income, net of tax, attributable to parent:7017892,5831,6071,3521,336

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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