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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7087461,278915815670406
Cash and cash equivalents7087461,278915815670406
Restricted cash and investments1333333
Receivables881830771837792737772
Inventory, net of allowances, customer advances and progress billings361351333320332295286
Inventory361351333320332295286
Prepaid expense9613415315579115142
Derivative instruments and hedges, assets94136234193147209133
Regulatory current assets99828275674943
Other current assets130116111102987867
Other undisclosed current assets398297303356434378379
Total current assets:2,7682,6953,2682,9562,7672,5342,231
Noncurrent Assets
Property, plant and equipment38,89238,32036,78536,83536,48235,10835,130
Intangible assets, net (including goodwill)4,0384,0463,8163,9263,9403,7593,849
Goodwill3,2743,2833,0863,1783,1983,0503,139
Intangible assets, net (excluding goodwill)764763730748742709710
Derivative instruments and hedges525375166149210209
Regulated entity, other noncurrent assets1,2621,4501,4721,4771,4921,6581,662
Other noncurrent assets398388364365386335291
Other undisclosed noncurrent assets(38,186)(37,348)(36,045)(36,232)(36,018)(34,153)(34,298)
Total noncurrent assets:6,4566,9096,4676,5376,4316,9176,843
Other undisclosed assets38,89238,32036,78536,83536,48235,10835,130
TOTAL ASSETS:48,11647,92446,52046,32845,68044,55944,204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6781,6611,4311,6041,6661,5841,454
Accounts payable965864804833956846830
Taxes payable9193761009994111
Interest and dividends payable622704551671611644513
Debt3,2362,8932,8862,8662,3231,4121,792
Regulatory liability799086991157960
Other liabilities684500498488535528512
Other undisclosed current liabilities300298267265261237245
Total current liabilities:5,9775,4425,1685,3224,9003,8404,063
Noncurrent Liabilities
Long-term debt and lease obligation21,55321,24321,09820,67020,72121,54720,965
Long-term debt, excluding current maturities21,55321,24321,09820,67020,72121,54720,965
Liabilities, other than long-term debt7,0917,4317,0876,9726,9444,0704,082
Asset retirement obligations200223219217212193223
Deferred income tax liabilities3,5683,5693,2793,2173,088  
Liability, pension and other postretirement and postemployment benefits200485491500587719716
Regulatory liability2,5302,5432,5392,5572,5722,6752,685
Other liabilities593611559481485483458
Other undisclosed noncurrent liabilities(21,431)(21,121)(20,975)(20,547)(20,597)(18,347)(17,854)
Total noncurrent liabilities:7,2137,5537,2107,0957,0687,2707,193
Total liabilities:13,19012,99512,37812,41711,96811,11011,256
Stockholders' equity
Stockholders' equity attributable to parent13,37313,68613,04413,24112,99111,90211,983
Common stock8888877
Additional paid in capital12,27012,26012,25512,23912,21411,08711,069
Accumulated other comprehensive loss(4,220)(3,927)(4,602)(4,366)(4,358)(4,272)(3,996)
Retained earnings5,3155,3455,3835,3605,1275,0804,903
Total stockholders' equity:13,37313,68613,04413,24112,99111,90211,983
Other undisclosed liabilities and equity21,55321,24321,09820,67020,72121,54720,965
TOTAL LIABILITIES AND EQUITY:48,11647,92446,52046,32845,68044,55944,204

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,9291,8851,7392,0541,9541,9331,803
Cost of revenue
(Cost of Goods and Services Sold)
(154)(177)(138)(163)(153)(194)(168)
Gross profit:1,7751,7081,6011,8911,8011,7391,635
Other undisclosed operating loss(1,071)(1,021)(1,006)(1,074)(1,108)(1,013)(995)
Operating income:704687595817693726640
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(84)5276125 126131
Interest and debt expense(251)(249)(253)(248)(248)(259)(246)
Income from continuing operations before income taxes:369490418694445593525
Income tax expense(79)(209)(74)(140)(81)(118)(84)
Net income attributable to parent:290281344554364475441
Undistributed earnings (loss) allocated to participating securities, basic  (1)(1)  (1)
Other undisclosed net income available to common stockholders, basic1   2  
Net income available to common stockholders, basic:291281343553366475440
Other undisclosed net loss available to common stockholders, diluted(1)   (1)  
Net income available to common stockholders, diluted:290281343553365475440

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:290281344554364475441
Other comprehensive income (loss)(293)675(236)(8)(86)(276)(349)
Comprehensive income (loss), net of tax, attributable to parent:(3)95610854627819992

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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