PPL Corp
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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5. 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 December 31, used in the EPS calculation are:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Income (Numerator) | |||
| Income from continuing operations after income taxes | $888 | $740 | $714 |
| Less amounts allocated to participating securities | 2 | 1 | 1 |
| Income from continuing operations after income taxes available to PPL common shareowners - Basic and Diluted | $886 | $739 | $713 |
| Income from discontinued operations (net of income taxes) available to PPL common shareowners - Basic and Diluted | $— | $— | $42 |
| Net income attributable to PPL | $888 | $740 | 756 |
| Less amounts allocated to participating securities | 2 | 1 | 1 |
| Net income available to PPL common shareowners - Basic and Diluted | $886 | $739 | $755 |
| Shares of Common Stock (Denominator) | |||
| Weighted-average shares - Basic EPS | 737,756 | 737,036 | 736,027 |
| Add: Dilutive share-based payment awards (a) | 2,097 | 1,130 | 875 |
| Weighted-average shares - Diluted EPS | 739,853 | 738,166 | 736,902 |
| Basic EPS | |||
| Available to PPL common shareowners: | |||
| Income from continuing operations after income taxes | $1.20 | $1.00 | $0.97 |
| Income from discontinued operations (net of income taxes) | — | — | 0.06 |
| Net Income available to PPL common shareowners | $1.20 | $1.00 | $1.03 |
| Diluted EPS | |||
| Available to PPL common shareowners: | |||
| Income from continuing operations after income taxes | $1.20 | $1.00 | $0.96 |
| Income from discontinued operations (net of income taxes) | — | — | 0.06 |
| Net Income available to PPL common shareowners | $1.20 | $1.00 | $1.02 |
(a)The Treasury Stock Method was applied to non-participating share-based payment awards.
For the years ended December 31, PPL issued common stock related to stock-based compensation plans as follows (in thousands):
| 2024 | 2023 | |
|---|---|---|
| DRIP | 202 | — |
For the years ended December 31, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Stock-based compensation awards | — | 243 | 93 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.