PPL Corp
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
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4. Earnings Per Share
- Earnings Per Share
(PPL)
Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased by the number of incremental shares that would be outstanding if potentially dilutive share-based payment awards were converted to common shares as calculated using the Two-Class Method or Treasury Stock Method. Incremental non-participating securities that have a dilutive impact are detailed in the table below.
Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended March 31 used in the EPS calculation are:
| Three Months | ||
|---|---|---|
| 2024 | 2023 | |
| Income (Numerator) | ||
| Net income attributable to PPL | $307 | $285 |
| Less amounts allocated to participating securities | — | 1 |
| Net income available to PPL common shareowners - Basic and Diluted | $307 | $284 |
| Shares of Common Stock (Denominator) | ||
| Weighted-average shares - Basic EPS | 737,512 | 736,829 |
| Add: Dilutive share-based payment awards (a) | 1,308 | 869 |
| Weighted-average shares - Diluted EPS | 738,820 | 737,698 |
| Basic and Diluted EPS | ||
| Net Income available to PPL common shareowners | $0.42 | $0.39 |
(a) The Treasury Stock Method was applied to non-participating share-based payment awards.
For the periods ended March 31, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.
| Three Months | ||
|---|---|---|
| 2024 | 2023 | |
| Stock-based compensation awards | — | 534 |
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