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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8156214853411,8711,102901
Cash and cash equivalents8156214853411,7511,102901
Short-term investments    120  
Restricted cash and investments3      
Receivables792770781712923923745
Inventory, net of allowances, customer advances and progress billings332303320356836702673
Inventory332303320356836702673
Prepaid expense7970666387153
Derivative instruments and hedges, assets14710949631,1589421,525
Regulatory current assets67363439373319
Prepaid expense and other current assets215
Other current assets986350523237
Other undisclosed current assets4344605094411,2151,261990
Total current assets:2,7672,4322,2942,0676,1595,1535,068
Noncurrent Assets
Property, plant and equipment36,48234,45833,092 34,59733,08730,032
Long-term investments and receivables    985907759
Long-term investments    985907759
Intangible assets, net (including goodwill)3,9403,8783,9553,7604,9305,1725,083
Goodwill3,1983,1623,2583,0604,0054,2254,158
Intangible assets, net (excluding goodwill)742716697700925947925
Derivative instruments and hedges149228215336319337572
Regulated entity, other noncurrent assets1,4921,6731,5041,9182,5122,1102,195
Other noncurrent assets386192135160312357
Prepaid expense and other noncurrent assets637
Other undisclosed noncurrent assets(36,018)(33,923)(32,808) (36,532)(34,858)(31,503)
Total noncurrent assets:6,4316,5066,0936,1747,1237,1127,775
Other undisclosed assets36,48234,45833,09230,07435,58233,99430,791
TOTAL ASSETS:45,68043,39641,47938,31548,86446,25943,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6661,6731,5841,4501,5861,4221,342
Accounts payable9569899248201,3561,3081,252
Taxes payable9911010510123011490
Interest and dividends payable611574555529   
Debt2,3231,9601,4281,4413,0011,0161,403
Regulatory liability11512295101919061
Customer advances and deposits292276 
Other liabilities5355516245691,0769981,219
Other undisclosed current liabilities261257  1,6891,3861,600
Total current liabilities:4,9004,5634,0233,8377,4434,9125,625
Noncurrent Liabilities
Long-term debt and lease obligation20,721   18,85620,59218,725
Long-term debt, excluding current maturities20,721   18,85620,59218,725
Liabilities, other than long-term debt6,9446,9816,7196,6398,5267,5327,829
Pension and other postretirement defined benefit plans, liabilities1,7561,2862,076
Asset retirement obligations212264312428739687536
Deferred tax liabilities, net2,7962,4623,8894,4503,9283,387
Deferred income tax liabilities3,088
Liability, pension and other postretirement and postemployment benefits5877718001,001 
Regulatory liability2,5722,7142,7048999921,0481,010
Other liabilities485436441422589583820
Other undisclosed noncurrent liabilities(20,597)126129132(18,445)(19,835)(17,768)
Total noncurrent liabilities:7,0687,1076,8486,7718,9378,2898,786
Other undisclosed liabilities     20,59218,725
Total liabilities:11,96811,67010,87110,60816,38033,79333,136
Stockholders' equity
Stockholders' equity attributable to parent12,99111,65710,7619,89913,62812,46610,480
Common stock8777766
Additional paid in capital12,21411,02110,3059,8419,4338,3166,936
Accumulated other comprehensive loss(4,358)(3,964)(3,422)(3,778)(2,274)(1,565)(1,940)
Retained earnings5,1274,5933,8713,8296,4625,7095,478
Stockholders' equity attributable to noncontrolling interest      18
Total stockholders' equity:12,99111,65710,7619,89913,62812,46610,498
Other undisclosed liabilities and equity20,72120,06919,84717,80818,856  
TOTAL LIABILITIES AND EQUITY:45,68043,39641,47938,31548,86446,25943,634

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
12/31/2012
Revenues7,7697,7857,4477,51711,49911,86012,286
Revenue, net  8,4527,7897,316
Cost of revenue
(Cost of Goods and Services Sold)
(709)(799)(2,394)(2,536)(4,964)(4,769)(4,672)
Gross profit:7,0606,9865,0534,9816,5357,0917,614
Operating expenses    (510)(636)(730)
Other undisclosed operating loss(4,220)(4,134)(1,985)(1,933)(2,753)(4,116)(3,775)
Operating income:2,8402,8523,0683,0483,2722,3393,109
Nonoperating income (expense)309396(255)390250(748)(30)
Investment income, nonoperating    121(38)9
Loss on contract termination     (697) 
Other nonoperating income (expense)309396(255)390118(23)(39)
Interest and debt expense(994)(963)(901)(888)(1,024)(1,006)(961)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (134)724(36)
Income from continuing operations before income taxes:2,1552,2851,9122,5502,3641,3092,082
Income tax expense(409)(458)(784)(648)(781)(180)(545)
Income from continuing operations:1,7461,8271,1281,9021,5831,1291,537
Income (loss) from discontinued operations    1542(6)
Net income:1,7461,8271,1281,9021,7371,1311,531
Net loss attributable to noncontrolling interest     (1)(5)
Net income attributable to parent:1,7461,8271,1281,9021,7371,1301,526
Preferred stock dividends and other adjustments      (6)
Undistributed earnings (loss) allocated to participating securities, basic  (2)
Net income available to common stockholders, basic:1,7461,8271,1261,9021,7371,1301,520
Interest on convertible debt    944 
Other undisclosed net loss available to common stockholders, diluted(1)(2) (6)(9)(6) 
Net income available to common stockholders, diluted:1,7451,8251,1261,8961,7371,1681,520

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
12/31/2012
Net income:1,7461,8271,1281,9021,7371,1311,531
Other comprehensive income (loss)(394)(491)356(1,050)(709)375(1,152)
Comprehensive income:1,3521,3361,4848521,0281,506379
Comprehensive income, net of tax, attributable to noncontrolling interest     15
Other undisclosed comprehensive loss, net of tax, attributable to parent     (2)(10)
Comprehensive income, net of tax, attributable to parent:1,3521,3361,4848521,0281,505374

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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