PPL Corp
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
PPLC$46.33-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 202 and
| 2023 | 2022 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $331 | $356 |
| Accounts receivable (less reserve: 2023, $123; 2022, $87) | ||
| Customer | 950 | 896 |
| Other | 271 | 150 |
| Unbilled revenues (less reserve: 2023, $4; 2022, $6) | 428 | 552 |
| Fuel, materials and supplies | 505 | 443 |
| Prepayments | 103 | 92 |
| Regulatory assets | 293 | 258 |
| Other current assets | 51 | 77 |
| Total Current Assets | 2,932 | 2,824 |
| Property, Plant and Equipment | ||
| Regulated utility plant | 38,608 | 36,961 |
| Less: accumulated depreciation - regulated utility plant | 9,156 | 8,352 |
| Regulated utility plant, net | 29,452 | 28,609 |
| Non-regulated property, plant and equipment | 72 | 92 |
| Less: accumulated depreciation - non-regulated property, plant and equipment | 23 | 46 |
| Non-regulated property, plant and equipment, net | 49 | 46 |
| Construction work in progress | 1,917 | 1,583 |
| Property, Plant and Equipment, net | 31,418 | 30,238 |
| Other Noncurrent Assets | ||
| Regulatory assets | 1,874 | 1,819 |
| Goodwill | 2,247 | 2,248 |
| Other intangibles | 306 | 313 |
| Other noncurrent assets (less reserve for accounts receivable: 2023, $2; 2022, $2) | 459 | 395 |
| Total Other Noncurrent Assets | 4,886 | 4,775 |
| Total Assets | $39,236 | $37,837 |
| 2023 | 2022 | |
|---|---|---|
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term debt | $992 | $985 |
| Long-term debt due within one year | 1 | 354 |
| Accounts payable | 1,104 | 1,201 |
| Taxes | 130 | 124 |
| Interest | 124 | 97 |
| Dividends | 173 | 166 |
| Regulatory liabilities | 225 | 238 |
| Other current liabilities | 591 | 624 |
| Total Current Liabilities | 3,340 | 3,789 |
| Long-term Debt | 14,611 | 12,889 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 3,105 | 3,007 |
| Investment tax credits | 114 | 117 |
| Accrued pension obligations | 275 | 206 |
| Asset retirement obligations | 133 | 138 |
| Regulatory liabilities | 3,340 | 3,412 |
| Other deferred credits and noncurrent liabilities | 385 | 361 |
| Total Deferred Credits and Other Noncurrent Liabilities | 7,352 | 7,241 |
| Commitments and Contingent Liabilities (Notes 7 and 13) | ||
| Equity | ||
| Common stock - $0.01 par value (a) | 8 | 8 |
| Additional paid-in capital | 12,326 | 12,317 |
| Treasury stock | (948) | (967) |
| Earnings reinvested | 2,710 | 2,681 |
| Accumulated other comprehensive loss | (163) | (124) |
| Total Shareowners' Common Equity | 13,933 | 13,915 |
| Noncontrolling interests | — | 3 |
| Total Equity | 13,933 | 13,918 |
| Total Liabilities and Equity | $39,236 | $37,837 |
(a)1,560,000 shares authorized;770,013 shares issued and 737,130 shares outstanding at December 31, 2023.1,560,000 shares authorized;770,013 shares issued and 736,487 shares outstanding at December 31, 2022.
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