PPL Corp (PPL) Financial Statements (2025 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)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q3
3/31/2024
Q3
12/31/2023
Q4
9/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 542282276 353
Cash and cash equivalent 542282276 353
Restricted cash and investments 424245 1
Receivables 1,0001,0421,270 1,068
Inventory, net of allowances, customer advances and progress billings 517502477 488
Inventory 517502477 488
Prepaid expense 179211212 143
Regulatory asset 342335330 315
Other current assets 7569101 59
Other undisclosed current assets 277315326 327
Total current assets: 2,9742,7983,037 2,754
Noncurrent Assets
Intangible assets, net (including goodwill) 2,5612,5612,551 2,554
Goodwill 2,2472,2472,247 2,247
Intangible assets, net (excluding goodwill) 314314304 307
Regulated entity, other noncurrent assets 1,8941,8891,859 1,787
Other noncurrent assets 416418437 464
Total noncurrent assets: 4,8714,8684,847 4,805
Other undisclosed assets 32,62732,17331,747 31,070
TOTAL ASSETS: 40,47239,83939,631 38,629
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,4561,4201,386 1,680
Accounts payable 920980903 1,178
Accrued liabilities 536440483 502
Debt 1390292 378
Regulatory liability 246226223 280
Other liabilities 603479474 541
Total current liabilities: 2,3062,5152,375 2,879
Noncurrent Liabilities
Long-term debt and lease obligation 16,49915,75615,753 14,484
Long-term debt, excluding current maturities 16,49915,75615,753 14,484
Liabilities, other than long-term debt, including: 7,5757,5037,445 7,254
Asset retirement obligations 139137127 140
Deferred income tax liabilities 3,3053,2633,195 3,049
Liability, pension and other postretirement and postemployment benefits 218234255 199
Regulatory liability 3,3713,3503,351 3,384
Other liabilities 430407404 368
Other undisclosed liabilities, other than long-term debt 112112113 114
Total noncurrent liabilities: 24,07423,25923,198 21,738
Total liabilities: 26,38025,77425,573 24,617
Equity
Equity, attributable to parent 14,09214,06514,058 14,012
Common stock 888 8
Treasury stock, value (929)(930)(931) (948)
Additional paid in capital 12,32812,32112,314 12,319
Accumulated other comprehensive loss (163)(160)(161) (142)
Retained earnings 2,8482,8262,828 2,775
Total equity: 14,09214,06514,058 14,012
TOTAL LIABILITIES AND EQUITY: 40,47239,83939,631 38,629

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

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q3
3/31/2024
Q3
12/31/2023
Q4
9/30/2023
Q3
Revenues 2,0661,8812,304 2,043
Cost of revenue
(Cost of Product and Service Sold)
 (207)(181)(209) (199)
Gross profit: 1,8591,7002,095 1,844
Other undisclosed operating loss (1,431)(1,310)(1,550) (1,407)
Operating income: 428390545 437
Nonoperating income
(Other Nonoperating income)
 323222 16
Interest and debt expense      (165)
Income from continuing operations before equity method investments, income taxes: 460422567 288
Other undisclosed loss from continuing operations before income taxes (188)(182)(179)  
Income from continuing operations before income taxes: 272240388 288
Income tax expense (58)(50)(81) (58)
Net income attributable to parent: 214190307 230
Undistributed earnings (loss) allocated to participating securities, basic (1)(1)   
Net income available to common stockholders, diluted: 213189307 230

Comprehensive Income ($ in millions)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q3
3/31/2024
Q3
12/31/2023
Q4
9/30/2023
Q3
Net income: 214190307 230
Other comprehensive income (loss)  (3)12 (5)
Comprehensive income, net of tax, attributable to parent: 211191309 225

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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