PPL Corporation (PPL) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,5717088156214853411,871
Cash and cash equivalents3,5717088156214853411,751
Short-term investments      120
Restricted cash and investments113    
Receivables641881792770781712923
Inventory, net of allowances, customer advances and progress billings322361332303320356836
Inventory322361332303320356836
Prepaid expense60967970666387
Derivative instruments and hedges, assets 9414710949631,158
Regulatory current assets64996736343937
Other current assets1061309863505232
Other undisclosed current assets2423984344605094411,215
Total current assets:5,0072,7682,7672,4322,2942,0676,159
Noncurrent Assets
Property, plant and equipment 38,89236,48234,45833,092 34,597
Long-term investments and receivables      985
Long-term investments      985
Intangible assets, net (including goodwill)1,0594,0383,9403,8783,9553,7604,930
Goodwill7163,2743,1983,1623,2583,0604,005
Intangible assets, net (excluding goodwill)343764742716697700925
Derivative instruments and hedges 52149228215336319
Regulated entity, other noncurrent assets1,2361,2621,4921,6731,5041,9182,512
Other noncurrent assets451398386192135160312
Other undisclosed noncurrent assets (38,186)(36,018)(33,923)(32,808) (36,532)
Total noncurrent assets:2,7466,4566,4316,5066,0936,1747,123
Other undisclosed assets25,47038,89236,48234,45833,09230,07435,582
TOTAL ASSETS:33,22348,11645,68043,39641,47938,31548,864
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1611,6781,6661,6731,5841,4501,586
Accounts payable6799659569899248201,356
Taxes payable969199110105101230
Interest and dividends payable386622611574555529 
Debt5433,2362,3231,9601,4281,4413,001
Regulatory liability182791151229510191
Customer advances and deposits292276 
Other liabilities4376845355516245691,076
Other undisclosed current liabilities 300261257  1,689
Total current liabilities:2,3235,9774,9004,5634,0233,8377,443
Noncurrent Liabilities
Long-term debt and lease obligation 21,55320,721   18,856
Long-term debt, excluding current maturities 21,55320,721   18,856
Liabilities, other than long-term debt6,3927,0916,9446,9816,7196,6398,526
Pension and other postretirement defined benefit plans, liabilities1,756
Asset retirement obligations157200212264312428739
Deferred tax liabilities, net2,7962,4623,8894,450
Deferred income tax liabilities3,1513,5683,088
Liability, pension and other postretirement and postemployment benefits1832005877718001,001 
Regulatory liability2,4222,5302,5722,7142,704899992
Other liabilities479593485436441422589
Other undisclosed noncurrent liabilities119(21,431)(20,597)126129132(18,445)
Total noncurrent liabilities:6,5117,2137,0687,1076,8486,7718,937
Total liabilities:8,83413,19011,96811,67010,87110,60816,380
Stockholders' equity
Stockholders' equity attributable to parent13,72313,37312,99111,65710,7619,89913,628
Common stock8887777
Treasury stock, value(1,003)      
Additional paid in capital12,30312,27012,21411,02110,3059,8419,433
Accumulated other comprehensive loss(157)(4,220)(4,358)(3,964)(3,422)(3,778)(2,274)
Retained earnings2,5725,3155,1274,5933,8713,8296,462
Total stockholders' equity:13,72313,37312,99111,65710,7619,89913,628
Other undisclosed liabilities and equity10,66621,55320,72120,06919,84717,80818,856
TOTAL LIABILITIES AND EQUITY:33,22348,11645,68043,39641,47938,31548,864

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
Revenues5,7837,6077,7697,7857,4477,51711,499
Revenue, net  8,452
Cost of revenue
(Cost of Goods and Services Sold)
(710)(632)(709)(799)(2,394)(2,536)(4,964)
Gross profit:5,0736,9757,0606,9865,0534,9816,535
Operating expenses      (510)
Other undisclosed operating loss(3,649)(4,172)(4,220)(4,134)(1,985)(1,933)(2,753)
Operating income:1,4242,8032,8402,8523,0683,0483,272
Nonoperating income (expense)15169309396(255)390250
Investment income, nonoperating      121
Other nonoperating income (expense)15169309396(255)390118
Interest and debt expense(918)(1,001)(994)(963)(901)(888)(1,024)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (134)
Income from continuing operations before income taxes:5211,9712,1552,2851,9122,5502,364
Income tax expense(503)(502)(409)(458)(784)(648)(781)
Income from continuing operations:181,4691,7461,8271,1281,9021,583
Income from discontinued operations      154
Net income:181,4691,7461,8271,1281,9021,737
Other undisclosed net loss attributable to parent(1,498)      
Net income (loss) attributable to parent:(1,480)1,4691,7461,8271,1281,9021,737
Undistributed earnings (loss) allocated to participating securities, basic    (2)
Net income (loss) available to common stockholders, basic:(1,480)1,4691,7461,8271,1261,9021,737
Interest on convertible debt      9
Other undisclosed net loss available to common stockholders, diluted (1)(1)(2) (6)(9)
Net income (loss) available to common stockholders, diluted:(1,480)1,4681,7451,8251,1261,8961,737

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2014
Net income:181,4691,7461,8271,1281,9021,737
Other comprehensive income (loss)4,063138(394)(491)356(1,050)(709)
Other undisclosed comprehensive loss(1,498)      
Comprehensive income, net of tax, attributable to parent:2,5831,6071,3521,3361,4848521,028

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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