PPL Corp

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

About 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.

Mar 31, 2025 · Filed Apr 30, 2025

PPLC$46.37+0.5%Stored close · as of Nov 9, 2026

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Contents

Condensed Balance Sheets

	March 31,2025	December 31,2024
Assets
Current Assets
Cash and cash equivalents	$14	$13
Accounts receivable (less reserve: 2025, $2; 2024, $2)
Customer	180	160
Other	28	22
Unbilled revenues (less reserve: 2025, $0; 2024, $0)	84	102
Fuel, materials and supplies	166	173
Prepayments	10	11
Regulatory assets	—	1
Other current assets	16	9
Total Current Assets	498	491
Property, Plant and Equipment
Regulated utility plant	10,454	10,419
Less: accumulated depreciation - regulated utility plant	2,721	2,652
Regulated utility plant, net	7,733	7,767
Construction work in progress	679	567
Property, Plant and Equipment, net	8,412	8,334
Other Noncurrent Assets
Regulatory assets	460	458
Goodwill	607	607
Other intangibles	27	28
Other noncurrent assets	157	155
Total Other Noncurrent Assets	1,251	1,248
Total Assets	$10,161	$10,073

	March 31,2025	December 31,2024
Liabilities and Equity
Current Liabilities
Short-term debt	$208	$140
Long-term debt due within one year	268	250
Notes payable to affiliates	8	73
Accounts payable	89	96
Accounts payable to affiliates	129	100
Customer deposits	39	39
Taxes	19	37
Regulatory liabilities	26	22
Interest	56	24
Asset retirement obligations	14	10
Other current liabilities	61	58
Total Current Liabilities	917	849
Long-term Debt	2,798	2,816
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	934	924
Investment tax credits	81	81
Asset retirement obligations	47	54
Regulatory liabilities	1,007	1,009
Other deferred credits and noncurrent liabilities	36	41
Total Deferred Credits and Other Noncurrent Liabilities	2,105	2,109
Commitments and Contingent Liabilities (Notes 6 and 10)
Stockholder's Equity
Common stock - no par value (a)	308	308
Additional paid-in capital	3,019	3,056
Earnings reinvested	1,014	935
Total Equity	4,341	4,299
Total Liabilities and Equity	$10,161	$10,073

(a)80,000 shares authorized;37,818 shares issued and outstanding at March 31, 2025 and December 31, 2024.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.