PPL Corp
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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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, 2025 · Filed Apr 30, 2025
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 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $312 | $306 |
| Accounts receivable (less reserve: 2025, $166; 2024, $147) | ||
| Customer | 1,208 | 961 |
| Other | 93 | 76 |
| Unbilled revenues (less reserve: 2025, $4; 2024, $6) | 377 | 485 |
| Fuel, materials and supplies | 476 | 511 |
| Prepayments | 223 | 136 |
| Regulatory assets | 274 | 320 |
| Other current assets | 133 | 85 |
| Total Current Assets | 3,096 | 2,880 |
| Property, Plant and Equipment | ||
| Regulated utility plant | 40,648 | 40,391 |
| Less: accumulated depreciation - regulated utility plant | 9,751 | 9,682 |
| Regulated utility plant, net | 30,897 | 30,709 |
| Non-regulated property, plant and equipment | 80 | 79 |
| Less: accumulated depreciation - non-regulated property, plant and equipment | 30 | 29 |
| Non-regulated property, plant and equipment, net | 50 | 50 |
| Construction work in progress | 2,695 | 2,390 |
| Property, Plant and Equipment, net | 33,642 | 33,149 |
| Other Noncurrent Assets | ||
| Regulatory assets | 2,049 | 2,060 |
| Goodwill | 2,247 | 2,247 |
| Other intangibles | 312 | 314 |
| Other noncurrent assets (less reserve for accounts receivable: 2025, $2; 2024, $1) | 463 | 419 |
| Total Other Noncurrent Assets | 5,071 | 5,040 |
| Total Assets | $41,809 | $41,069 |
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term debt | $778 | $303 |
| Long-term debt due within one year | 569 | 551 |
| Accounts payable | 1,097 | 1,196 |
| Taxes | 143 | 103 |
| Interest | 224 | 157 |
| Dividends | 197 | 186 |
| Regulatory liabilities | 274 | 223 |
| Other current liabilities | 545 | 614 |
| Total Current Liabilities | 3,827 | 3,333 |
| Long-term Debt | 15,938 | 15,952 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 3,421 | 3,356 |
| Investment tax credits | 111 | 111 |
| Accrued pension obligations | 298 | 317 |
| Asset retirement obligations | 130 | 136 |
| Regulatory liabilities | 3,338 | 3,335 |
| Other deferred credits and noncurrent liabilities | 449 | 452 |
| Total Deferred Credits and Other Noncurrent Liabilities | 7,747 | 7,707 |
| Commitments and Contingent Liabilities (Notes 6 and 10) | ||
| Equity | ||
| Common stock - $0.01 par value (a) | 8 | 8 |
| Additional paid-in capital | 12,330 | 12,346 |
| Treasury stock | (904) | (928) |
| Earnings reinvested | 3,047 | 2,835 |
| Accumulated other comprehensive loss | (184) | (184) |
| Total Equity | 14,297 | 14,077 |
| Total Liabilities and Equity | $41,809 | $41,069 |
(a)1,560,000 shares authorized,770,415 shares issued and 739,066 shares outstanding at March 31, 2025.1,560,000 shares authorized,770,215 shares issued and 738,033 shares outstanding at December 31, 2024.
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