PPL Corporation (PPL) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7088156214853411,8711,102
Cash and cash equivalents7088156214853411,7511,102
Short-term investments     120 
Restricted cash and investments13     
Receivables881792770781712923923
Inventory, net of allowances, customer advances and progress billings361332303320356836702
Inventory361332303320356836702
Prepaid expense967970666387153
Derivative instruments and hedges, assets9414710949631,158942
Regulatory current assets99673634393733
Other current assets130986350523237
Other undisclosed current assets3984344605094411,2151,261
Total current assets:2,7682,7672,4322,2942,0676,1595,153
Noncurrent Assets
Property, plant and equipment38,89236,48234,45833,092 34,59733,087
Long-term investments and receivables     985907
Long-term investments     985907
Intangible assets, net (including goodwill)4,0383,9403,8783,9553,7604,9305,172
Goodwill3,2743,1983,1623,2583,0604,0054,225
Intangible assets, net (excluding goodwill)764742716697700925947
Derivative instruments and hedges52149228215336319337
Regulated entity, other noncurrent assets1,2621,4921,6731,5041,9182,5122,110
Other noncurrent assets398386192135160312357
Other undisclosed noncurrent assets(38,186)(36,018)(33,923)(32,808) (36,532)(34,858)
Total noncurrent assets:6,4566,4316,5066,0936,1747,1237,112
Other undisclosed assets38,89236,48234,45833,09230,07435,58233,994
TOTAL ASSETS:48,11645,68043,39641,47938,31548,86446,259
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6781,6661,6731,5841,4501,5861,422
Accounts payable9659569899248201,3561,308
Taxes payable9199110105101230114
Interest and dividends payable622611574555529  
Debt3,2362,3231,9601,4281,4413,0011,016
Regulatory liability79115122951019190
Customer advances and deposits292276 
Other liabilities6845355516245691,076998
Other undisclosed current liabilities300261257  1,6891,386
Total current liabilities:5,9774,9004,5634,0233,8377,4434,912
Noncurrent Liabilities
Long-term debt and lease obligation21,55320,721   18,85620,592
Long-term debt, excluding current maturities21,55320,721   18,85620,592
Liabilities, other than long-term debt7,0916,9446,9816,7196,6398,5267,532
Pension and other postretirement defined benefit plans, liabilities1,7561,286
Asset retirement obligations200212264312428739687
Deferred tax liabilities, net2,7962,4623,8894,4503,928
Deferred income tax liabilities3,5683,088
Liability, pension and other postretirement and postemployment benefits2005877718001,001 
Regulatory liability2,5302,5722,7142,7048999921,048
Other liabilities593485436441422589583
Other undisclosed noncurrent liabilities(21,431)(20,597)126129132(18,445)(19,835)
Total noncurrent liabilities:7,2137,0687,1076,8486,7718,9378,289
Other undisclosed liabilities      20,592
Total liabilities:13,19011,96811,67010,87110,60816,38033,793
Stockholders' equity
Stockholders' equity attributable to parent13,37312,99111,65710,7619,89913,62812,466
Common stock8877776
Additional paid in capital12,27012,21411,02110,3059,8419,4338,316
Accumulated other comprehensive loss(4,220)(4,358)(3,964)(3,422)(3,778)(2,274)(1,565)
Retained earnings5,3155,1274,5933,8713,8296,4625,709
Total stockholders' equity:13,37312,99111,65710,7619,89913,62812,466
Other undisclosed liabilities and equity21,55320,72120,06919,84717,80818,856 
TOTAL LIABILITIES AND EQUITY:48,11645,68043,39641,47938,31548,86446,259

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
Revenues7,6077,7697,7857,4477,51711,49911,860
Revenue, net  8,4527,789
Cost of revenue
(Cost of Goods and Services Sold)
(632)(709)(799)(2,394)(2,536)(4,964)(4,769)
Gross profit:6,9757,0606,9865,0534,9816,5357,091
Operating expenses     (510)(636)
Other undisclosed operating loss(4,172)(4,220)(4,134)(1,985)(1,933)(2,753)(4,116)
Operating income:2,8032,8402,8523,0683,0483,2722,339
Nonoperating income (expense)169309396(255)390250(748)
Investment income, nonoperating     121(38)
Loss on contract termination      (697)
Other nonoperating income (expense)169309396(255)390118(23)
Interest and debt expense(1,001)(994)(963)(901)(888)(1,024)(1,006)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (134)724
Income from continuing operations before income taxes:1,9712,1552,2851,9122,5502,3641,309
Income tax expense(502)(409)(458)(784)(648)(781)(180)
Income from continuing operations:1,4691,7461,8271,1281,9021,5831,129
Income from discontinued operations     1542
Net income:1,4691,7461,8271,1281,9021,7371,131
Net loss attributable to noncontrolling interest      (1)
Net income attributable to parent:1,4691,7461,8271,1281,9021,7371,130
Undistributed earnings (loss) allocated to participating securities, basic   (2)
Net income available to common stockholders, basic:1,4691,7461,8271,1261,9021,7371,130
Interest on convertible debt     944
Other undisclosed net loss available to common stockholders, diluted(1)(1)(2) (6)(9)(6)
Net income available to common stockholders, diluted:1,4681,7451,8251,1261,8961,7371,168

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
Net income:1,4691,7461,8271,1281,9021,7371,131
Other comprehensive income (loss)138(394)(491)356(1,050)(709)375
Comprehensive income:1,6071,3521,3361,4848521,0281,506
Comprehensive income, net of tax, attributable to noncontrolling interest      1
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2)
Comprehensive income, net of tax, attributable to parent:1,6071,3521,3361,4848521,0281,505

Statements sources

The financial statements are based on the company's filings with the 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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