PPL Corp

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

PPLC$46.37+0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Balance Sheets at December 31,

	2023	2022
Assets
Current Assets
Cash and cash equivalents	$18	$93
Accounts receivable (less reserve: 2023, $6; 2022, $3)
Customer	116	157
Other	17	13
Unbilled revenues (less reserve: 2023, $0; 2022, $0)	88	112
Accounts receivable from affiliates	29	37
Fuel, materials and supplies	143	166
Prepayments	11	13
Regulatory assets	7	23
Other current assets	—	2
Total Current Assets	429	616
Property, Plant and Equipment
Regulated utility plant	7,669	7,429
Less: accumulated depreciation - regulated utility plant	1,549	1,355
Regulated utility plant, net	6,120	6,074
Construction work in progress	312	268
Property, Plant and Equipment, net	6,432	6,342
Other Noncurrent Assets
Regulatory assets	395	373
Goodwill	389	389
Other intangibles	18	24
Other noncurrent assets	90	66
Total Other Noncurrent Assets	892	852
Total Assets	$7,753	$7,810

	2023	2022
Liabilities and Equity
Current Liabilities
Short-term debt	$—	$179
Accounts payable	115	165
Accounts payable to affiliates	49	60
Customer deposits	34	32
Taxes	41	41
Price risk management liabilities	1	1
Regulatory liabilities	16	7
Interest	21	15
Asset retirement obligations	13	13
Other current liabilities	47	46
Total Current Liabilities	337	559
Long-term Debt	2,469	2,307
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	776	771
Investment tax credits	31	31
Price risk management liabilities	6	6
Asset retirement obligations	72	73
Regulatory liabilities	827	833
Other deferred credits and noncurrent liabilities	63	64
Total Deferred Credits and Other Noncurrent Liabilities	1,775	1,778
Commitments and Contingent Liabilities (Notes 7 and 13)
Equity
Common stock - no par value (a)	424	424
Additional paid-in capital	1,993	2,087
Earnings reinvested	755	655
Total Equity	3,172	3,166
Total Liabilities and Equity	$7,753	$7,810

(a)75,000 shares authorized;21,294 shares issued and outstanding at December 31, 2023 and December 31, 2022.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.