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$46.33-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $21 | $51 |
| Accounts receivable (less reserve: 2024, $57; 2023, $46) | ||
| Customer | 450 | 434 |
| Other | 10 | 8 |
| Accounts receivable from affiliates | 10 | 10 |
| Notes receivable from affiliate | 554 | — |
| Unbilled revenues (less reserve: 2024, $2; 2023, $2) | 119 | 149 |
| Materials and supplies | 103 | 99 |
| Prepayments | 155 | 44 |
| Regulatory assets | 84 | 57 |
| Other current assets | 33 | 17 |
| Total Current Assets | 1,539 | 869 |
| Property, Plant and Equipment | ||
| Regulated utility plant | 15,740 | 15,575 |
| Less: accumulated depreciation - regulated utility plant | 3,889 | 3,822 |
| Regulated utility plant, net | 11,851 | 11,753 |
| Construction work in progress | 744 | 680 |
| Property, Plant and Equipment, net | 12,595 | 12,433 |
| Other Noncurrent Assets | ||
| Regulatory assets | 592 | 598 |
| Intangibles | 269 | 269 |
| Other noncurrent assets (less reserve for accounts receivable: 2024, $3; 2023, $2) | 121 | 125 |
| Total Other Noncurrent Assets | 982 | 992 |
| Total Assets | $15,116 | $14,294 |
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term debt | $— | $509 |
| Accounts payable | 404 | 454 |
| Accounts payable to affiliates | 52 | 44 |
| Taxes | 3 | 51 |
| Interest | 78 | 43 |
| Regulatory liabilities | 90 | 91 |
| Other current liabilities | 82 | 100 |
| Total Current Liabilities | 709 | 1,292 |
| Long-term Debt | 5,211 | 4,567 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 1,608 | 1,573 |
| Regulatory liabilities | 839 | 836 |
| Other deferred credits and noncurrent liabilities | 110 | 123 |
| Total Deferred Credits and Other Noncurrent Liabilities | 2,557 | 2,532 |
| Commitments and Contingent Liabilities (Notes 6 and 10) | ||
| Equity | ||
| Common stock - no par value (a) | 364 | 364 |
| Additional paid-in capital | 4,715 | 4,040 |
| Earnings reinvested | 1,560 | 1,499 |
| Total Equity | 6,639 | 5,903 |
| Total Liabilities and Equity | $15,116 | $14,294 |
(a)170,000 shares authorized;66,368 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.