MarketKingdoms › Financial statements › PPLPPL Corp (PPL) financial statements: income statement, balance sheet and cash flow
PPL Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), PPL Corp reported revenue of $9.0B (+6.9% year on year) and net income of $1.2B (+33.0% year on year).
Income statement PPL Corp income statement, fiscal years
Line item Dec 31, 2025 · FY Dec 31, 2024 · FY Dec 31, 2023 · FY Dec 31, 2022 · FY
Operating Revenues $9.0B $8.5B $8.3B $7.9B Fuel $855.0M $783.0M $733.0M $931.0M Energy purchases $1.9B $1.7B $1.8B $1.7B Energy purchases from affiliate $52.0M $51.0M $45.0M $61.0M Other operation and maintenance $2.4B $2.6B $2.5B $2.4B Depreciation $1.3B $1.3B $1.3B $1.2B Taxes, other than income $423.0M $374.0M $392.0M $332.0M Total Operating Expenses $6.9B $6.7B $6.7B $6.5B Operating Income $2.1B $1.7B $1.6B $1.4B Other Income (Expense) - net $151.0M $114.0M ($40.0M) $54.0M Interest Expense, Operating and Nonoperating $808.0M $738.0M $666.0M $513.0M Income from Continuing Operations Before Income Taxes $1.5B $1.1B $924.0M $915.0M Income Taxes $291.0M $228.0M $184.0M $201.0M Net income (Loss) $1.2B $888.0M $740.0M $756.0M Net Income (Loss) Available to PPL Common , Per Basic shares $1.60 $1.20 $1.00 $1.03 Net Income (Loss) Available to PPL Common Shareowners, Per Diluted Shares $1.59 $1.20 $1.00 $1.02 Basic 739.4M 737.8M 737.0M 736.0M Diluted 743.3M 739.9M 738.2M 736.9M
PPL Corp income statement, quarters
Line item Jun 30, 2026 · Q2 Mar 31, 2026 · Q1 Sep 30, 2025 · Q3 Jun 30, 2025 · Q2
Operating Revenues $2.1B $2.8B $2.2B $2.0B Fuel $195.0M $274.0M $231.0M $192.0M Energy purchases $403.0M $703.0M $422.0M $388.0M Energy purchases from affiliate $14.0M $15.0M $13.0M $12.0M Other operation and maintenance $572.0M $579.0M $586.0M $614.0M Depreciation $362.0M $351.0M $331.0M $324.0M Taxes, other than income $104.0M $122.0M $100.0M $101.0M Total Operating Expenses $1.6B $2.0B $1.7B $1.6B Operating Income $475.0M $745.0M $569.0M $406.0M Other Income (Expense) - net $43.0M $39.0M $39.0M $23.0M Interest Expense $232.0M $224.0M $210.0M $199.0M Income Taxes $56.0M $108.0M $80.0M $47.0M Net Income (Loss) $230.0M $452.0M $318.0M $183.0M Diluted (in dollars per share) $0.30 — $0.43 $0.25 Basic (in shares) 752.4M 751.8M 739.5M 739.3M Diluted (in shares) 757.2M 757.2M 744.3M 742.5M Income from Continuing Operations Before Income Taxes $286.0M $560.0M $398.0M $230.0M Income (Loss) from Continuing Operations After Income Taxes, Basic $0.31 $0.6 $0.43 $0.25 Income (Loss) from Continuing Operations after income taxes, Diluted $0.3 — $0.43 $0.25
Balance sheet PPL Corp balance sheet, fiscal years
Line item Dec 31, 2025 · FY Dec 31, 2024 · FY Dec 31, 2023 · FY Dec 31, 2022 · FY
Cash and cash equivalents $1.1B $306.0M $331.0M $356.0M Customer $1.1B $961.0M $950.0M $896.0M Notes Receivable from Affiliate $143.0M $222.0M — — Other $117.0M $76.0M $271.0M $150.0M Unbilled revenues $558.0M $485.0M $428.0M $552.0M Fuel, materials and supplies $551.0M $511.0M $505.0M $443.0M Prepayments $106.0M $136.0M $103.0M $92.0M Regulatory assets $308.0M $320.0M $293.0M $258.0M Other current assets $112.0M $85.0M $51.0M $77.0M Total Current Assets $3.9B $2.9B $2.9B $2.8B Regulated utility plant $43.0B $40.4B $38.6B $37.0B Less: accumulated depreciation - regulated utility plant $10.3B $9.7B $9.2B $8.4B Regulated utility plant, net $32.6B $30.7B $29.5B $28.6B Non-regulated property, plant and equipment $71.0M $79.0M $72.0M $92.0M Less: accumulated depreciation - non-regulated property, plant and equipment $26.0M $29.0M $23.0M $46.0M Non-regulated property, plant and equipment, net $45.0M $50.0M $49.0M $46.0M Construction work in progress $3.4B $2.4B $1.9B $1.6B Property, Plant and Equipment, net $36.1B $33.1B $31.4B $30.2B Regulatory assets $2.1B $2.1B $1.9B $1.8B Goodwill $2.2B $2.2B $2.2B $2.2B Other intangibles $327.0M $314.0M $306.0M $313.0M Other noncurrent assets $515.0M $419.0M $459.0M $395.0M Total Other Noncurrent Assets $5.2B $5.0B $4.9B $4.8B Total Assets $45.2B $41.1B $39.2B $37.8B Short-term debt $456.0M $303.0M $992.0M $985.0M Notes Payable with affiliates $36.0M $116.0M — $0 Long-term debt due within one year $904.0M $551.0M $1.0M $354.0M Accounts payable $1.6B $1.2B $1.1B $1.2B Taxes $190.0M $103.0M $130.0M $124.0M Interest $195.0M $157.0M $124.0M $97.0M Asset Retirement Obligations $8.0M $21.0M $26.0M $39.0M Dividends $198.0M $186.0M $173.0M $166.0M Customer deposits $170.0M $75.0M $69.0M $65.0M Regulatory liabilities $376.0M $223.0M $225.0M $238.0M Other current liabilities $668.0M $614.0M $591.0M $624.0M Total Current Liabilities $4.5B $3.3B $3.3B $3.8B Long-term Debt $18.0B $16.0B $14.6B $12.9B Deferred income taxes $3.5B $3.4B $3.1B $3.0B Investment tax credits $109.0M $111.0M $114.0M $117.0M Price risk management liabilities $4.0M $3.0M $1.0M $1.0M Accrued pension obligations $281.0M $317.0M $275.0M $206.0M Asset retirement obligations $133.0M $136.0M $133.0M $138.0M Regulatory liabilities $3.3B $3.3B $3.3B $3.4B Other deferred credits and noncurrent liabilities $480.0M $452.0M $385.0M $361.0M Total Deferred Credits and Other Noncurrent Liabilities $7.8B $7.7B $7.4B $7.2B
PPL Corp balance sheet, quarters
Line item Jun 30, 2026 Mar 31, 2026 Sep 30, 2025 Jun 30, 2025
Cash and cash equivalents $332.0M $1.2B $1.1B $294.0M Customer $1.2B $1.3B $1.0B $998.0M Other $92.0M $92.0M $101.0M $122.0M Unbilled revenues $416.0M $413.0M $355.0M $418.0M Notes Receivable from affiliates $509.0M $4.0M $509.0M $0 Fuel, materials and supplies $597.0M $536.0M $517.0M $504.0M Prepayments $178.0M $190.0M $145.0M $192.0M Regulatory Assets, Current $279.0M $375.0M $312.0M $303.0M Other current assets $115.0M $143.0M $98.0M $92.0M Total Current Assets $3.2B $4.3B $3.6B $2.9B Regulated utility plant $44.2B $43.5B $41.8B $41.2B Less: accumulated depreciation - regulated utility plant $10.7B $10.5B $10.2B $9.9B Regulated utility plant, net $33.6B $33.0B $31.6B $31.2B Non-regulated property, plant and equipment $82.0M $91.0M $81.0M $80.0M Less: accumulated depreciation - non-regulated property, plant and equipment $26.0M $29.0M $35.0M $33.0M Non-regulated property, plant and equipment, net $56.0M $62.0M $46.0M $47.0M Construction work in progress $4.1B $3.7B $3.5B $3.1B Property, Plant and Equipment, net $37.8B $36.7B $35.2B $34.4B Regulatory assets $2.1B $2.1B $2.1B $2.1B Goodwill $2.2B $2.2B $2.2B $2.2B Other intangibles $331.0M $326.0M $312.0M $312.0M Other noncurrent assets $640.0M $573.0M $537.0M $470.0M Assets, Noncurrent $5.4B $5.2B $5.2B $5.1B Total Assets $46.3B $46.3B $43.9B $42.4B Short-term debt $65.0M $220.0M $595.0M $1.3B Long-term debt due within one year $469.0M $994.0M $1.5B $1.2B Notes Payable to affiliates $280.0M $38.0M $0 $46.0M Accounts payable $1.4B $1.4B $1.2B $1.1B Taxes $118.0M $142.0M $132.0M $143.0M Interest $201.0M $244.0M $237.0M $152.0M Dividends $210.0M $210.0M $197.0M $197.0M Current Customer Deposits $77.0M $78.0M $139.0M $76.0M Regulatory liabilities $367.0M $389.0M $291.0M $273.0M Customer Advances, Current $126.0M $109.0M — — Asset Retirement Obligation, Current $10.0M $11.0M $8.0M $13.0M Other current liabilities $707.0M $705.0M $596.0M $573.0M Liabilities, Current, Total $3.5B $4.3B $4.7B $5.0B Long-term Debt $19.8B $19.0B $16.9B $15.3B Deferred income taxes $3.7B $3.6B $3.6B $3.5B Investment tax credits $107.0M $108.0M $109.0M $110.0M Accrued pension obligations $262.0M $272.0M $284.0M $294.0M Asset retirement obligations $109.0M $112.0M $141.0M $141.0M Regulatory liabilities $3.3B $3.3B $3.3B $3.3B Price risk management liabilities $3.0M $4.0M $5.0M $5.0M Other deferred credits and noncurrent liabilities $570.0M $556.0M $468.0M $426.0M
Cash flow statement PPL Corp cash flow statement, fiscal years
Line item Dec 31, 2025 · FY Dec 31, 2024 · FY Dec 31, 2023 · FY Dec 31, 2022 · FY
Net income (loss) $1.2B $888.0M $740.0M $756.0M Depreciation $1.3B $1.3B $1.3B $1.2B Amortization $104.0M $78.0M $81.0M $52.0M Defined benefit plans - expense (income) ($57.0M) ($72.0M) ($73.0M) ($27.0M) Deferred income taxes and investment tax credits $192.0M $196.0M $322.0M $179.0M Equity component of AFUDC ($81.0M) — — — Stock compensation expense $49.0M $46.0M $33.0M — Other $8.0M ($17.0M) ($29.0M) $35.0M Accounts receivable ($207.0M) $254.0M ($170.0M) ($176.0M) Accounts receivable from affiliates ($6.0M) ($11.0M) $7.0M ($5.0M) Accounts payable ($12.0M) ($41.0M) ($72.0M) $358.0M Accounts payable to affiliates $13.0M $44.0M ($32.0M) $67.0M Unbilled Revenues ($73.0M) ($57.0M) $128.0M ($197.0M) Fuel, materials and supplies ($28.0M) ($2.0M) ($60.0M) ($90.0M) Prepayments $43.0M ($34.0M) $2.0M ($2.0M) Taxes payable $87.0M ($27.0M) $6.0M ($80.0M) Regulatory assets and liabilities, net $162.0M ($68.0M) ($37.0M) ($119.0M) Other ($4.0M) ($65.0M) $39.0M ($88.0M) Defined benefits plans - funding ($12.0M) ($10.0M) — ($12.0M) Proceeds from transfer of excess benefit plan funds $0 $13.0M — — Expenditures for asset retirement obligations ($20.0M) ($21.0M) ($39.0M) ($42.0M) Other assets ($138.0M) ($96.0M) ($69.0M) ($126.0M) Other liabilities $65.0M $42.0M ($349.0M) $39.0M Net cash provided by operating activities $2.6B $2.3B $1.8B $1.7B Expenditures for property, plant and equipment ($4.0B) ($2.8B) ($2.4B) ($2.2B) Expenditures for intangible assets ($12.0M) ($9.0M) ($6.0M) ($2.0M) Net (increase) decrease in notes receivable from affiliate $43.0M ($222.0M) $0 $499.0M Other investing activities $26.0M ($13.0M) $7.0M $15.0M Net cash provided by (used in) investing activities ($4.0B) ($2.8B) ($2.4B) ($5.7B) Issuance of long-term debt $3.0B $1.9B $3.3B $850.0M Retirement of long-term debt ($616.0M) $0 ($1.9B) ($264.0M) Payment of common stock dividends ($794.0M) ($747.0M) ($704.0M) ($787.0M) Proceeds from Sale of Treasury Stock $401.0M — — — Net increase (decrease) in short-term debt $153.0M ($689.0M) $7.0M $916.0M Contributions from parent $1.0B $879.0M $349.0M $174.0M Payment of common stock dividends to parent ($850.0M) ($794.0M) ($679.0M) ($911.0M) Return of Capital to Parent ($262.0M) ($239.0M) ($495.0M) ($170.0M) Net increase (decrease) in short-term debt $0 ($509.0M) $364.0M $145.0M Debt Issuance Costs ($41.0M) ($7.0M) ($14.0M) — Other investing activities ($26.0M) ($23.0M) ($51.0M) ($6.0M) Net cash provided by (used in) financing activities $2.1B $435.0M $650.0M $709.0M Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash $139.0M ($56.0M) ($6.0M) $96.0M Proceeds from (Repayments of) Related Party Debt ($80.0M) $116.0M $0 — Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash $747.0M ($43.0M) $25.0M ($3.2B) Cash, Cash Equivalents and Restricted Cash at Beginning of Period $339.0M $382.0M $357.0M $3.6B
PPL Corp cash flow statement, quarters
Line item Jun 30, 2026 · YTD Mar 31, 2026 · Q1 Sep 30, 2025 · YTD Jun 30, 2025 · YTD
Net income (loss) $682.0M $452.0M $915.0M $597.0M Income from continuing operations (net of income taxes) $682.0M $452.0M $915.0M $597.0M Depreciation $713.0M $351.0M $977.0M $646.0M Amortization $65.0M $38.0M $73.0M $49.0M Defined benefit plans - (income) expense ($7.0M) ($2.0M) ($44.0M) ($30.0M) Deferred income taxes and investment tax credits $137.0M $94.0M $177.0M $104.0M Stock-based compensation expense $31.0M $23.0M — — Other ($19.0M) ($22.0M) ($3.0M) $3.0M Accounts receivable ($31.0M) ($221.0M) ($72.0M) ($91.0M) Accounts receivable from affiliates $16.0M $19.0M $9.0M $12.0M Accounts payable ($192.0M) ($56.0M) ($159.0M) ($167.0M) Increase (Decrease) in Accounts Payable, Related Parties ($24.0M) $61.0M $25.0M $13.0M Unbilled revenues $138.0M $145.0M $130.0M $63.0M Fuel, materials and supplies ($42.0M) $19.0M $3.0M $13.0M Prepayments ($67.0M) ($84.0M) ($9.0M) ($56.0M) Taxes payable ($72.0M) ($48.0M) $29.0M $40.0M Regulatory assets and liabilities, net ($10.0M) ($54.0M) $73.0M $64.0M Accrued interest $6.0M $49.0M $80.0M ($5.0M) Other ($36.0M) ($31.0M) ($31.0M) ($52.0M) Defined benefit plans - funding ($8.0M) ($5.0M) ($9.0M) ($7.0M) Expenditures for asset retirement obligations ($13.0M) ($8.0M) ($15.0M) ($8.0M) Other assets ($101.0M) ($63.0M) ($116.0M) ($77.0M) Other liabilities $5.0M ($4.0M) $67.0M $21.0M Net cash provided by operating activities $1.1B $557.0M $2.1B $1.1B Expenditures for property, plant and equipment ($2.3B) ($1.1B) ($2.9B) ($1.7B) Expenditures for intangible assets ($7.0M) ($3.0M) ($7.0M) ($4.0M) Notes receivable from affiliates ($330.0M) $175.0M ($287.0M) $212.0M Other investing activities ($68.0M) $12.0M $8.0M $10.0M Net cash used in investing activities ($2.4B) ($1.0B) ($2.9B) ($1.7B) Issuance of long-term debt $2.0B $1.1B $1.9B $0 Retirement of long-term debt ($668.0M) ($18.0M) — — Increase Decrease In Notes Payable To Affiliates $244.0M $2.0M ($116.0M) ($70.0M) Payment of common stock dividends ($416.0M) ($202.0M) ($593.0M) ($392.0M) Payment of common stock dividends to parent ($501.0M) ($201.0M) ($625.0M) ($446.0M) Net increase (decrease) in short-term debt $0 $220.0M $0 $384.0M Net increase (decrease) in short-term debt ($391.0M) ($236.0M) $292.0M $983.0M Contributions from parent $823.0M $70.0M $732.0M $192.0M Return of capital to parent ($58.0M) ($58.0M) ($192.0M) ($192.0M) Other financing activities ($13.0M) ($13.0M) ($35.0M) ($14.0M) Debt Issuance Costs ($38.0M) ($27.0M) ($22.0M) ($3.0M) Net cash provided by financing activities $520.0M $654.0M $1.6B $577.0M Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash ($747.0M) $165.0M $780.0M ($21.0M) Cash and Cash Equivalents at Beginning of Period $1.1B $1.1B $306.0M $306.0M Cash, Cash Equivalents and Restricted Cash at Beginning of Period $1.1B $1.1B $339.0M $339.0M Cash and Cash Equivalents at End of Period $332.0M $1.2B $1.1B $294.0M
PPL Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.