PPL Corp
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 2, 2024
PPLC$46.37+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Balance Sheets
| June 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $11 | $14 |
| Accounts receivable (less reserve: 2024, $2; 2023, $2) | ||
| Customer | 157 | 143 |
| Other | 13 | 12 |
| Unbilled revenues (less reserve: 2024, $0; 2023, $0) | 107 | 97 |
| Fuel, materials and supplies | 171 | 185 |
| Prepayments | 17 | 13 |
| Regulatory assets | 1 | 3 |
| Other current assets | 7 | 1 |
| Total Current Assets | 484 | 468 |
| Property, Plant and Equipment | ||
| Regulated utility plant | 10,321 | 9,896 |
| Less: accumulated depreciation - regulated utility plant | 2,607 | 2,476 |
| Regulated utility plant, net | 7,714 | 7,420 |
| Construction work in progress | 449 | 604 |
| Property, Plant and Equipment, net | 8,163 | 8,024 |
| Other Noncurrent Assets | ||
| Regulatory assets | 436 | 439 |
| Goodwill | 607 | 607 |
| Other intangibles | 29 | 19 |
| Other noncurrent assets | 152 | 157 |
| Total Other Noncurrent Assets | 1,224 | 1,222 |
| Total Assets | $9,871 | $9,714 |
| June 30,2024 | December 31,2023 | |
|---|---|---|
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term debt | $100 | $93 |
| Notes payable to affiliates | 13 | — |
| Accounts payable | 75 | 80 |
| Accounts payable to affiliates | 94 | 72 |
| Customer deposits | 38 | 35 |
| Taxes | 26 | 32 |
| Regulatory liabilities | 12 | 1 |
| Interest | 23 | 24 |
| Asset retirement obligations | 14 | 13 |
| Other current liabilities | 55 | 52 |
| Total Current Liabilities | 450 | 402 |
| Long-term Debt | 3,065 | 3,064 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 919 | 912 |
| Investment tax credits | 82 | 83 |
| Asset retirement obligations | 55 | 53 |
| Regulatory liabilities | 1,013 | 1,018 |
| Other deferred credits and noncurrent liabilities | 33 | 30 |
| Total Deferred Credits and Other Noncurrent Liabilities | 2,102 | 2,096 |
| Commitments and Contingent Liabilities (Notes 6 and 10) | ||
| Stockholder's Equity | ||
| Common stock - no par value (a) | 308 | 308 |
| Additional paid-in capital | 3,067 | 3,033 |
| Earnings reinvested | 879 | 811 |
| Total Equity | 4,254 | 4,152 |
| Total Liabilities and Equity | $9,871 | $9,714 |
(a)80,000 shares authorized;37,818 shares issued and outstanding at June 30, 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.