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 investments | 708 | 746 | 1,278 | 915 | 815 | 670 | 406 | ||
| Cash and cash equivalents | 708 | 746 | 1,278 | 915 | 815 | 670 | 406 | ||
| Restricted cash and investments | 1 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Receivables | 881 | 830 | 771 | 837 | 792 | 737 | 772 | ||
| Inventory, net of allowances, customer advances and progress billings | 361 | 351 | 333 | 320 | 332 | 295 | 286 | ||
| Inventory | 361 | 351 | 333 | 320 | 332 | 295 | 286 | ||
| Prepaid expense | 96 | 134 | 153 | 155 | 79 | 115 | 142 | ||
| Derivative instruments and hedges, assets | 94 | 136 | 234 | 193 | 147 | 209 | 133 | ||
| Regulatory current assets | 99 | 82 | 82 | 75 | 67 | 49 | 43 | ||
| Other current assets | 130 | 116 | 111 | 102 | 98 | 78 | 67 | ||
| Other undisclosed current assets | 398 | 297 | 303 | 356 | 434 | 378 | 379 | ||
| Total current assets: | 2,768 | 2,695 | 3,268 | 2,956 | 2,767 | 2,534 | 2,231 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 38,892 | 38,320 | 36,785 | 36,835 | 36,482 | 35,108 | 35,130 | ||
| Intangible assets, net (including goodwill) | 4,038 | 4,046 | 3,816 | 3,926 | 3,940 | 3,759 | 3,849 | ||
| Goodwill | 3,274 | 3,283 | 3,086 | 3,178 | 3,198 | 3,050 | 3,139 | ||
| Intangible assets, net (excluding goodwill) | 764 | 763 | 730 | 748 | 742 | 709 | 710 | ||
| Derivative instruments and hedges | 52 | 53 | 75 | 166 | 149 | 210 | 209 | ||
| Regulated entity, other noncurrent assets | 1,262 | 1,450 | 1,472 | 1,477 | 1,492 | 1,658 | 1,662 | ||
| Other noncurrent assets | 398 | 388 | 364 | 365 | 386 | 335 | 291 | ||
| Other undisclosed noncurrent assets | (38,186) | (37,348) | (36,045) | (36,232) | (36,018) | (34,153) | (34,298) | ||
| Total noncurrent assets: | 6,456 | 6,909 | 6,467 | 6,537 | 6,431 | 6,917 | 6,843 | ||
| Other undisclosed assets | 38,892 | 38,320 | 36,785 | 36,835 | 36,482 | 35,108 | 35,130 | ||
| TOTAL ASSETS: | 48,116 | 47,924 | 46,520 | 46,328 | 45,680 | 44,559 | 44,204 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,678 | 1,661 | 1,431 | 1,604 | 1,666 | 1,584 | 1,454 | ||
| Accounts payable | 965 | 864 | 804 | 833 | 956 | 846 | 830 | ||
| Taxes payable | 91 | 93 | 76 | 100 | 99 | 94 | 111 | ||
| Interest and dividends payable | 622 | 704 | 551 | 671 | 611 | 644 | 513 | ||
| Debt | 3,236 | 2,893 | 2,886 | 2,866 | 2,323 | 1,412 | 1,792 | ||
| Regulatory liability | 79 | 90 | 86 | 99 | 115 | 79 | 60 | ||
| Other liabilities | 684 | 500 | 498 | 488 | 535 | 528 | 512 | ||
| Other undisclosed current liabilities | 300 | 298 | 267 | 265 | 261 | 237 | 245 | ||
| Total current liabilities: | 5,977 | 5,442 | 5,168 | 5,322 | 4,900 | 3,840 | 4,063 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 21,553 | 21,243 | 21,098 | 20,670 | 20,721 | 21,547 | 20,965 | ||
| Long-term debt, excluding current maturities | 21,553 | 21,243 | 21,098 | 20,670 | 20,721 | 21,547 | 20,965 | ||
| Liabilities, other than long-term debt | 7,091 | 7,431 | 7,087 | 6,972 | 6,944 | 4,070 | 4,082 | ||
| Asset retirement obligations | 200 | 223 | 219 | 217 | 212 | 193 | 223 | ||
| Deferred income tax liabilities | 3,568 | 3,569 | 3,279 | 3,217 | 3,088 | ||||
| Liability, pension and other postretirement and postemployment benefits | 200 | 485 | 491 | 500 | 587 | 719 | 716 | ||
| Regulatory liability | 2,530 | 2,543 | 2,539 | 2,557 | 2,572 | 2,675 | 2,685 | ||
| Other liabilities | 593 | 611 | 559 | 481 | 485 | 483 | 458 | ||
| Other undisclosed noncurrent liabilities | (21,431) | (21,121) | (20,975) | (20,547) | (20,597) | (18,347) | (17,854) | ||
| Total noncurrent liabilities: | 7,213 | 7,553 | 7,210 | 7,095 | 7,068 | 7,270 | 7,193 | ||
| Total liabilities: | 13,190 | 12,995 | 12,378 | 12,417 | 11,968 | 11,110 | 11,256 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 13,373 | 13,686 | 13,044 | 13,241 | 12,991 | 11,902 | 11,983 | ||
| Common stock | 8 | 8 | 8 | 8 | 8 | 7 | 7 | ||
| Additional paid in capital | 12,270 | 12,260 | 12,255 | 12,239 | 12,214 | 11,087 | 11,069 | ||
| Accumulated other comprehensive loss | (4,220) | (3,927) | (4,602) | (4,366) | (4,358) | (4,272) | (3,996) | ||
| Retained earnings | 5,315 | 5,345 | 5,383 | 5,360 | 5,127 | 5,080 | 4,903 | ||
| Total stockholders' equity: | 13,373 | 13,686 | 13,044 | 13,241 | 12,991 | 11,902 | 11,983 | ||
| Other undisclosed liabilities and equity | 21,553 | 21,243 | 21,098 | 20,670 | 20,721 | 21,547 | 20,965 | ||
| TOTAL LIABILITIES AND EQUITY: | 48,116 | 47,924 | 46,520 | 46,328 | 45,680 | 44,559 | 44,204 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,929 | 1,885 | 1,739 | 2,054 | 1,954 | 1,933 | 1,803 | |
| Cost of revenue (Cost of Goods and Services Sold) | (154) | (177) | (138) | (163) | (153) | (194) | (168) | |
| Gross profit: | 1,775 | 1,708 | 1,601 | 1,891 | 1,801 | 1,739 | 1,635 | |
| Other undisclosed operating loss | (1,071) | (1,021) | (1,006) | (1,074) | (1,108) | (1,013) | (995) | |
| Operating income: | 704 | 687 | 595 | 817 | 693 | 726 | 640 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (84) | 52 | 76 | 125 | 126 | 131 | ||
| Interest and debt expense | (251) | (249) | (253) | (248) | (248) | (259) | (246) | |
| Income from continuing operations before income taxes: | 369 | 490 | 418 | 694 | 445 | 593 | 525 | |
| Income tax expense | (79) | (209) | (74) | (140) | (81) | (118) | (84) | |
| Net income attributable to parent: | 290 | 281 | 344 | 554 | 364 | 475 | 441 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (1) | (1) | (1) | |||||
| Other undisclosed net income available to common stockholders, basic | 1 | 2 | ||||||
| Net income available to common stockholders, basic: | 291 | 281 | 343 | 553 | 366 | 475 | 440 | |
| Other undisclosed net loss available to common stockholders, diluted | (1) | (1) | ||||||
| Net income available to common stockholders, diluted: | 290 | 281 | 343 | 553 | 365 | 475 | 440 | |
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: | 290 | 281 | 344 | 554 | 364 | 475 | 441 | |
| Other comprehensive income (loss) | (293) | 675 | (236) | (8) | (86) | (276) | (349) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (3) | 956 | 108 | 546 | 278 | 199 | 92 | |
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.