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
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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Condensed Balance Sheets
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $8 | $18 |
| Accounts receivable (less reserve: 2024, $5; 2023, $6) | ||
| Customer | 121 | 116 |
| Other | 24 | 17 |
| Unbilled revenues (less reserve: 2024, $0; 2023, $0) | 72 | 88 |
| Accounts receivable from affiliates | 40 | 29 |
| Notes receivable from affiliates | 28 | — |
| Fuel, materials and supplies | 130 | 143 |
| Prepayments | 11 | 11 |
| Regulatory assets | 14 | 7 |
| Other current assets | 6 | — |
| Total Current Assets | 454 | 429 |
| Property, Plant and Equipment | ||
| Regulated utility plant | 7,715 | 7,669 |
| Less: accumulated depreciation - regulated utility plant | 1,599 | 1,549 |
| Regulated utility plant, net | 6,116 | 6,120 |
| Construction work in progress | 342 | 312 |
| Property, Plant and Equipment, net | 6,458 | 6,432 |
| Other Noncurrent Assets | ||
| Regulatory assets | 388 | 395 |
| Goodwill | 389 | 389 |
| Other intangibles | 17 | 18 |
| Other noncurrent assets | 92 | 90 |
| Total Other Noncurrent Assets | 886 | 892 |
| Total Assets | $7,798 | $7,753 |
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term debt | $28 | $— |
| Accounts payable | 121 | 115 |
| Accounts payable to affiliates | 83 | 49 |
| Customer deposits | 35 | 34 |
| Taxes | 15 | 41 |
| Price risk management liabilities | 1 | 1 |
| Regulatory liabilities | 2 | 16 |
| Interest | 44 | 21 |
| Asset retirement obligations | 13 | 13 |
| Other current liabilities | 32 | 47 |
| Total Current Liabilities | 374 | 337 |
| Long-term Debt | 2,469 | 2,469 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 782 | 776 |
| Investment tax credits | 30 | 31 |
| Price risk management liabilities | 4 | 6 |
| Asset retirement obligations | 71 | 72 |
| Regulatory liabilities | 824 | 827 |
| Other deferred credits and noncurrent liabilities | 67 | 63 |
| Total Deferred Credits and Other Noncurrent Liabilities | 1,778 | 1,775 |
| Commitments and Contingent Liabilities (Notes 6 and 10) | ||
| Stockholder's Equity | ||
| Common stock - no par value (a) | 424 | 424 |
| Additional paid-in capital | 1,942 | 1,993 |
| Earnings reinvested | 811 | 755 |
| Total Equity | 3,177 | 3,172 |
| Total Liabilities and Equity | $7,798 | $7,753 |
(a)75,000 shares authorized;21,294 shares issued and outstanding at March 31, 2024 and December 31, 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.