KENTUCKY UTILITIES CO
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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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Consolidated Balance Sheets at December 31, 202 and
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $1,071 | $306 |
| Accounts receivable (less reserve: 2025, $133; 2024, $147) | ||
| Customer | 1,108 | 961 |
| Other | 117 | 76 |
| Unbilled revenues (less reserve: 2025, $6; 2024, $6) | 558 | 485 |
| Fuel, materials and supplies | 551 | 511 |
| Prepayments | 106 | 136 |
| Regulatory assets | 308 | 320 |
| Other current assets | 112 | 85 |
| Total Current Assets | 3,931 | 2,880 |
| Property, Plant and Equipment | ||
| Regulated utility plant | 42,953 | 40,391 |
| Less: accumulated depreciation - regulated utility plant | 10,303 | 9,682 |
| Regulated utility plant, net | 32,650 | 30,709 |
| Non-regulated property, plant and equipment | 71 | 79 |
| Less: accumulated depreciation - non-regulated property, plant and equipment | 26 | 29 |
| Non-regulated property, plant and equipment, net | 45 | 50 |
| Construction work in progress | 3,437 | 2,390 |
| Property, Plant and Equipment, net | 36,132 | 33,149 |
| Other Noncurrent Assets | ||
| Regulatory assets | 2,092 | 2,060 |
| Goodwill | 2,247 | 2,247 |
| Other intangibles | 327 | 314 |
| Other noncurrent assets (less reserve for accounts receivable: 2025, $1; 2024, $1) | 515 | 419 |
| Total Other Noncurrent Assets | 5,181 | 5,040 |
| Total Assets | $45,244 | $41,069 |
| 2025 | 2024 | |
|---|---|---|
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term debt | $456 | $303 |
| Long-term debt due within one year | 904 | 551 |
| Accounts payable | 1,559 | 1,196 |
| Taxes | 190 | 103 |
| Interest | 195 | 157 |
| Dividends | 198 | 186 |
| Regulatory liabilities | 376 | 223 |
| Other current liabilities | 668 | 614 |
| Total Current Liabilities | 4,546 | 3,333 |
| Long-term Debt | 17,990 | 15,952 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 3,506 | 3,356 |
| Investment tax credits | 109 | 111 |
| Accrued pension obligations | 281 | 317 |
| Asset retirement obligations | 133 | 136 |
| Regulatory liabilities | 3,318 | 3,335 |
| Other deferred credits and noncurrent liabilities | 480 | 452 |
| Total Deferred Credits and Other Noncurrent Liabilities | 7,827 | 7,707 |
| Commitments and Contingent Liabilities (Notes 7 and 12) | ||
| Equity | ||
| Common stock - $0.01 par value (a) | 8 | 8 |
| Additional paid-in capital | 12,443 | 12,346 |
| Treasury stock | (575) | (928) |
| Earnings reinvested | 3,207 | 2,835 |
| Accumulated other comprehensive loss | (202) | (184) |
| Total Equity | 14,881 | 14,077 |
| Total Liabilities and Equity | $45,244 | $41,069 |
(a)1,560,000 shares authorized;770,978 shares issued and 751,041 shares outstanding at December 31, 2025.1,560,000 shares authorized;770,215 shares issued and 738,033 shares outstanding at December 31, 2024.
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