← PPL Corp

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $1.9b
$1.1b -40.69%
$1.8b +61.97%
$1.7b -4.43%
$1.5b -15.86%
($1.5b) -200.75%
$756.0m +151.08%
$740.0m -2.12%
$888.0m +20.00%
$1.2b +33.00%
Net Income (Loss) Available to Common Stockholders, Basic $1.9b
$1.1b -40.69%
$1.8b +61.97%
$1.7b -4.43%
$1.5b -15.86%
($1.5b) -200.75%
$756.0m +151.08%
$740.0m -2.12%
$886.0m +19.73%
$1.2b +33.07%
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — — — —
Amortization $80.0m $97.0m $78.0m $81.0m $72.0m $39.0m $52.0m $81.0m $78.0m $104.0m
Depreciation $926.0m $1.0b $1.1b $1.2b $1.3b $1.1b $1.2b $1.3b $1.3b $1.3b
Deferred Income Tax Expense (Benefit) — — — — — — — — $201.0m $199.0m
Deferred income taxes and investment tax credits $560.0m $707.0m $355.0m $309.0m $402.0m $87.0m $179.0m $322.0m $196.0m $192.0m
Share-based Payment Arrangement, Noncash Expense — — — — — — — — $46.0m $49.0m
Stock compensation expense $28.0m $38.0m $26.0m $36.0m $29.0m $37.0m $37.0m $33.0m $46.0m $49.0m
Impairment of solar panels — — — $0 $0 $37.0m $0 $0 — —
Other Nonoperating Income (Expense) — — — — — — — — $114.0m $151.0m
Changes in operating assets and liabilities:
Accounts receivable ($15.0m) ($33.0m) $28.0m $4.0m ($82.0m) ($14.0m) ($176.0m) ($170.0m) $254.0m ($207.0m)
Accounts receivable from affiliates ($15.0m) $4.0m $0 $6.0m $3.0m ($12.0m) ($5.0m) $7.0m ($11.0m) ($6.0m)
Increase (Decrease) in Inventories — — — — — — — — $2.0m $28.0m
Inventory Write-down — — — — — — — — — —
Accounts payable $57.0m ($10.0m) $78.0m ($77.0m) $10.0m $24.0m $358.0m ($72.0m) ($41.0m) ($12.0m)
Accounts payable to affiliates $17.0m ($8.0m) $0 $5.0m ($16.0m) $11.0m $67.0m ($32.0m) $44.0m $13.0m
Accrued expenditures for property, plant and equipment at December 31, $281.0m $360.0m $345.0m $340.0m $319.0m $245.0m $269.0m $220.0m $358.0m $630.0m
Accrued expenditures for intangible assets at December 31, $117.0m $68.0m $64.0m $79.0m $85.0m — — — — —
Accrued interest $0 $0 — — $0 $0 $1.0m $27.0m $33.0m $38.0m
Increase (Decrease) in Other Operating Assets — — — — — — — — — —
Other ($31.0m) $14.0m $33.0m ($33.0m) ($1.0m) ($67.0m) ($88.0m) $39.0m ($65.0m) ($4.0m)
Other current liabilities ($6.0m) $6.0m ($22.0m) ($73.0m) ($23.0m) — — — — —
Other assets $42.0m $30.0m ($75.0m) ($100.0m) ($59.0m) ($111.0m) ($126.0m) ($69.0m) ($96.0m) ($138.0m)
Other liabilities ($95.0m) ($12.0m) $40.0m $16.0m $35.0m $8.0m $39.0m ($349.0m) $42.0m $65.0m
Net Cash Provided by (Used in) Operating Activities $2.9b
$2.5b -14.84%
$2.8b +14.63%
$2.4b -13.97%
$2.7b +13.14%
$2.3b -17.33%
$1.7b -23.79%
$1.8b +1.62%
$2.3b +33.11%
$2.6b +12.35%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — — — — — — — $2.8b $4.0b
Expenditures for property, plant and equipment ($2.9b) ($3.1b) ($3.2b) ($3.1b) ($3.2b) ($2.0b) ($2.2b) ($2.4b) ($2.8b) ($4.0b)
Purchases of investments $0 $0 $65.0m $55.0m $0 — — — — —
Proceeds from the sale of investments — $0 $6.0m $69.0m $9.0m — — — — —
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — — —
Payments for (Proceeds from) Other Investing Activities — — — — — — — — $13.0m ($26.0m)
Other investing activities $29.0m $15.0m ($58.0m) ($11.0m) ($18.0m) ($23.0m) ($6.0m) ($51.0m) ($23.0m) ($26.0m)
Net cash provided by (used in) investing activities - continuing operations ($2.9b) ($3.2b) — ($2.2b) ($2.3b) $8.6b ($5.7b) ($2.4b) — —
Net cash provided by (used in) investing activities - discontinued operations $0 $0 — ($847.0m) ($992.0m) ($607.0m) $0 $0 — —
Net Cash Provided by (Used in) Investing Activities ($2.9b) ($3.2b) ($3.4b) ($3.1b) ($3.3b) $8.0b ($5.7b) ($2.4b) ($2.8b) ($4.0b)
Cash flows from financing activities:
Repayments of Long-term Debt — — — — — — — — $0 $616.0m
Proceeds from Issuance of Long-term Debt — — — — — — — — $1.9b $3.0b
Gain (Loss) on Extinguishment of Debt — — — — — — — — — —
Loss on Extinguishment of Debt — — — $0 $0 $395.0m $0 $0 — —
Issuance of long-term debt $1.3b $1.5b $1.1b $1.5b $2.2b $650.0m $850.0m $3.3b $1.9b $3.0b
Retirement of long-term debt ($930.0m) ($168.0m) ($277.0m) ($300.0m) ($1.2b) ($4.6b) ($264.0m) ($1.9b) $0 ($616.0m)
Issuance of commercial paper — — $0 $0 $73.0m $0 $0 — — —
Retirement of commercial paper — — — $0 $0 ($73.0m) $0 $0 — —
Net increase (decrease) in short-term debt $29.0m $115.0m $363.0m ($278.0m) $127.0m ($323.0m) $145.0m $364.0m ($509.0m) $0
Debt Issuance Costs — — — — — $0 $0 ($14.0m) ($7.0m) ($41.0m)
Proceeds from (Repayments of) Related Party Debt — — — — — $618.0m ($618.0m) $0 $116.0m ($80.0m)
Payments for Repurchase of Common Stock — — — — — — — — — —
Payments of Ordinary Dividends, Common Stock — — — — — — — — $747 $794
Proceeds from Issuance of Common Stock — — — — — — — — — —
Issuance of common stock $144.0m $453.0m $698.0m $1.2b $34.0m $9.0m — — — —
Payment of common stock dividends ($1k) ($1k) ($1k) ($1k) ($1k) ($1k) ($787) ($704) ($747) ($794)
Payment of common stock dividends to parent ($664) ($754) ($792) ($897) ($761) ($776) ($911) ($679) ($794) ($850)
Dividends Payable, Current — — — — — — — — $186 $198
Proceeds from (Payments for) Other Financing Activities — — — — — — — — ($6.0m) ($26.0m)
Net cash provided by (used in) financing activities - continuing operations ($439.0m) — — $408.0m
$99.0m -75.74%
($7.3b) -7518.18%
$709.0m +109.65%
$650.0m -8.32%
— —
Net cash provided by (used in) financing activities - discontinued operations $0 $0 — $171.0m
$209.0m +22.22%
($411.0m) -296.65%
$0 +100.00%
$0 — —
Net Cash Provided by (Used in) Financing Activities ($439.0m)
$824.0m +287.70%
$690.0m -16.26%
$836.0m +21.16%
$386.0m -53.83%
($7.4b) -2014.51%
$709.0m +109.59%
$650.0m -8.32%
$435.0m -33.08%
$2.1b +387.82%
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash ($503.0m) $139.0m $132.0m $193.0m ($109.0m) $3.1b ($3.2b) $25.0m ($43.0m) $747.0m
Net (Increase) Decrease in Cash, Cash Equivalents and Restricted Cash included in Discontinued Operations — — — ($154.0m) ($108.0m) $284.0m $0 $0 — —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — — — — — ($43.0m) $747.0m
Cash, Cash Equivalents and Restricted Cash at Beginning of Period $372.0m $511.0m $643.0m $836.0m $727.0m $3.6b $357.0m $382.0m $339.0m $1.1b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — — — $339.0m $1.1b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — — — — —
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash included in Discontinued Operations — — — $10.0m $17.0m $8.0m $0 $0 — —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — — — — — $670.0m $745.0m
Income Taxes Paid, Net — — — — — — — — ($123.0m) $93.0m
Additional Financial Items
Asset Retirement Obligation, Accretion Expense — — — — — — — — $8.0m $8.0m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — — — — — —
Gain (Loss) on Disposition of Assets — — — — — — — — — —
Goodwill — — — — — — — — $2.2b $2.2b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — — — — —
Income Tax Expense (Benefit) — — — — — — — — $228.0m $291.0m
Operating Lease, Lease Income — — — — — — — — $4.0m $0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax — — — — — — — — — —
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity — — — — — — — — $47.0m $81.0m
Income from Continuing Operations After Income Taxes — — — $736.0m $640.0m $18.0m $714.0m $740.0m $888.0m —
Defined benefit plans - expense (income) ($40.0m) ($95.0m) ($192.0m) ($263.0m) ($201.0m) ($12.0m) ($27.0m) ($73.0m) ($72.0m) ($57.0m)
Loss on sale of Safari Holdings — — — — $0 $0 $60.0m $0 $0 —
Equity component of AFUDC — — — — — — — ($30.0m) ($47.0m) ($81.0m)
Unrealized (gains) losses on derivatives, and other hedging activities $19.0m $178.0m ($186.0m) $73.0m $280.0m — — — — —
Unbilled Revenues ($63.0m) ($48.0m) $41.0m ($5.0m) $10.0m ($3.0m) ($197.0m) $128.0m ($57.0m) ($73.0m)
Fuel, materials and supplies $4.0m $40.0m $17.0m ($26.0m) ($17.0m) ($21.0m) ($90.0m) ($60.0m) ($2.0m) ($28.0m)
Prepayments ($4.0m) $3.0m $1.0m ($1.0m) ($3.0m) ($4.0m) ($2.0m) $2.0m ($34.0m) $43.0m
Taxes payable $31.0m $3.0m $7.0m $5.0m $14.0m $27.0m ($80.0m) $6.0m ($27.0m) $87.0m
Regulatory assets and liabilities, net ($59.0m) ($12.0m) $13.0m ($88.0m) ($63.0m) $52.0m ($119.0m) ($37.0m) ($68.0m) $162.0m
Defined benefits plans - funding — — — — ($119.0m) ($53.0m) ($12.0m) ($13.0m) ($10.0m) ($12.0m)
Proceeds from transfer of excess benefit plan funds $0 $0 $65.0m $0 $0 — $0 $0 $13.0m $0
Expenditures for asset retirement obligations ($52.0m) ($68.0m) ($144.0m) ($178.0m) ($168.0m) ($63.0m) ($42.0m) ($39.0m) ($21.0m) ($20.0m)
Proceeds from sale of Safari Holdings, net of cash divested — — — — $0 $0 $146.0m $0 $0 —
Proceeds from sale of U.K. utility business, net of cash divested — — — $0 $0 $10.6b $0 $0 — —
Acquisition of Narragansett Electric, net of cash acquired — — — — $0 $0 ($3.7b) $0 $0 —
Expenditures for intangible assets ($37.0m) ($38.0m) ($4.0m) ($7.0m) ($9.0m) ($6.0m) ($2.0m) ($6.0m) ($9.0m) ($12.0m)
Net (increase) decrease in notes receivable from affiliate — — — — $0 ($499.0m) $499.0m $0 ($222.0m) $43.0m
Issuance of long-term note with affiliate $0 $0 $250.0m $0 $550.0m — — — — —
Proceeds from project financing — — $0 $0 $173.0m $19.0m — — — —
Acquisition of outstanding bonds — $0 $0 ($80.0m) $0 $0 — — — —
Remarketing of reacquired bonds — $0 $0 $80.0m $0 $0 — — — —
Proceeds from Sale of Treasury Stock — — — — — — — $5.0m $2.0m $401.0m
Purchase of treasury stock — — — $0 $0 ($1.0b) $0 $0 — —
Issuance of term loan — — $0 $0 $300.0m $0 $0 — — —
Retirement of term loan — — — $0 $0 ($300.0m) $0 $0 — —
Contributions from parent $311.0m $605.0m $557.0m $493.0m $1.2b $1.2b $174.0m $349.0m $879.0m $1.0b
Return of Capital to Parent — — $0 $0 ($745.0m) ($574.0m) ($170.0m) ($495.0m) ($239.0m) ($262.0m)
Contributions from member $122.0m $0 $0 $126.0m $0 — — — — —
Distributions to member ($632.0m) ($402.0m) ($302.0m) ($308.0m) ($283.0m) — — — — —
Net increase (decrease) in notes payable to affiliates $199.0m $120.0m ($2.0m) $51.0m $714.0m — — — — —
Contributions from discontinued operations $0 $0 — $257.0m $78.0m $365.0m $0 $0 — —
Interest - net of amount capitalized $854.0m $845.0m $910.0m $905.0m $939.0m $191.0m $462.0m $604.0m $670.0m $745.0m
Income taxes - net $70.0m $65.0m $127.0m $93.0m $95.0m $284.0m $163.0m $281.0m ($123.0m) $93.0m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.