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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Kentucky Utilities Company - Statement of Income Analysis
KU: Statement of Income Analysis
| Three Months | |||
|---|---|---|---|
| 2024 | 2023 | $ Change | |
| Operating Revenues | |||
| Retail and wholesale | $524 | $498 | $26 |
| Electric revenue from affiliate | 1 | 1 | — |
| Total Operating Revenues | 525 | 499 | 26 |
| Operating Expenses | |||
| Operation | |||
| Fuel | 123 | 122 | 1 |
| Energy purchases | 6 | 6 | — |
| Energy purchases from affiliate | 16 | 13 | 3 |
| Other operation and maintenance | 102 | 109 | (7) |
| Depreciation | 99 | 98 | 1 |
| Taxes, other than income | 12 | 10 | 2 |
| Total Operating Expenses | 358 | 358 | — |
| Operating Income | 167 | 141 | 26 |
| Other Income (Expense) - net | 2 | 2 | — |
| Interest Expense | 34 | 33 | 1 |
| Income Before Income Taxes | 135 | 110 | 25 |
| Income Taxes | 27 | 22 | 5 |
| Net Income | $108 | $88 | $20 |
| Three Months | |
|---|---|
| Fuel and other energy purchases (a) | $4 |
| Volumes (b) | 20 |
| Other | 2 |
| Total | $26 |
(a)The increase was primarily due to higher recoveries of fuel and energy purchases due to higher commodity costs and volumes.
(b)The increase was primarily due to weather.
| Three Months | |
|---|---|
| Plant operations and maintenance | $(3) |
| Other | (4) |
| Total | $(7) |
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