PPL Corp
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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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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Balance Sheets at December 31,
| 2023 | 2022 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $14 | $21 |
| Accounts receivable (less reserve: 2023, $2; 2022, $3) | ||
| Customer | 143 | 158 |
| Other | 12 | 13 |
| Unbilled revenues (less reserve: 2023, $0; 2022, $0) | 97 | 114 |
| Fuel, materials and supplies | 185 | 167 |
| Prepayments | 13 | 14 |
| Regulatory assets | 3 | 32 |
| Other current assets | 1 | 1 |
| Total Current Assets | 468 | 520 |
| Property, Plant and Equipment | ||
| Regulated utility plant | 9,896 | 9,515 |
| Less: accumulated depreciation - regulated utility plant | 2,476 | 2,201 |
| Regulated utility plant, net | 7,420 | 7,314 |
| Construction work in progress | 604 | 522 |
| Property, Plant and Equipment, net | 8,024 | 7,836 |
| Other Noncurrent Assets | ||
| Regulatory assets | 439 | 442 |
| Goodwill | 607 | 607 |
| Other intangibles | 19 | 21 |
| Other noncurrent assets | 157 | 116 |
| Total Other Noncurrent Assets | 1,222 | 1,186 |
| Total Assets | $9,714 | $9,542 |
| 2023 | 2022 | |
|---|---|---|
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term debt | $93 | $101 |
| Long-term debt due within one year | — | 13 |
| Accounts payable | 80 | 123 |
| Accounts payable to affiliates | 72 | 101 |
| Customer deposits | 35 | 33 |
| Taxes | 32 | 26 |
| Regulatory liabilities | 1 | 6 |
| Interest | 24 | 19 |
| Asset retirement obligations | 13 | 26 |
| Other current liabilities | 52 | 51 |
| Total Current Liabilities | 402 | 499 |
| Long-term Debt | 3,064 | 2,907 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 912 | 896 |
| Investment tax credits | 83 | 85 |
| Asset retirement obligations | 53 | 56 |
| Regulatory liabilities | 1,018 | 1,029 |
| Other deferred credits and noncurrent liabilities | 30 | 32 |
| Total Deferred Credits and Other Noncurrent Liabilities | 2,096 | 2,098 |
| Commitments and Contingent Liabilities (Notes 7 and 13) | ||
| Equity | ||
| Common stock - no par value (a) | 308 | 308 |
| Additional paid-in capital | 3,033 | 3,041 |
| Earnings reinvested | 811 | 689 |
| Total Equity | 4,152 | 4,038 |
| Total Liabilities and Equity | $9,714 | $9,542 |
(a)80,000 shares authorized;37,818 shares issued and outstanding at December 31, 2023 and December 31, 2022.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.