cash flow reconciliationreview2021-12-31
Operating, investing and financing flows differ from the reported change in cash by 284000000, beyond tolerance 79570000.00.
Revenue
$9.04B
Fiscal year ended 2025-12-31Operating income
$2.13B
Fiscal year ended 2025-12-31Free cash flow
-$1.40B
Fiscal year ended 2025-12-31PPL Corp (PPL) reported revenue of $9.04B and net income of $1.18B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from PPL Corp’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Electric Services.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.04B | $8.46B | $8.31B | $7.90B | $5.78B | $5.47B | $5.60B | $7.78B | $7.45B | $7.52B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $2.13B | $1.74B | $1.63B | $1.37B | $1.42B | $1.59B | $1.53B | $2.85B | $2.90B | $2.94B |
| Net income | $1.18B | $888.00M | $740.00M | $756.00M | -$1.48B | $1.47B | $1.75B | $1.83B | $1.13B | $1.90B |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 743.35M | shares 739.85M | shares 738.17M | shares 736.90M | shares 764.82M | shares 769.38M | shares 736.75M | shares 708.62M | shares 687.33M | shares 680.45M |
| Pretax income | $1.47B | $1.12B | $924.00M | $915.00M | $521.00M | $954.00M | $919.00M | $2.28B | $1.91B | $2.55B |
| Income tax expense | $291.00M | $228.00M | $184.00M | $201.00M | $503.00M | $314.00M | $183.00M | $458.00M | $784.00M | $648.00M |
| Diluted EPS | $1.59 | $1.20 | $1.00 | $1.02 | $-1.93 | $1.91 | $2.37 | $2.58 | $1.64 | $2.79 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.07B | $306.00M | $331.00M | $356.00M | $3.57B | $442.00M | $815.00M | $621.00M | $485.00M | $341.00M |
| Total assets | $45.24B | $41.07B | $39.24B | $37.84B | $33.22B | $48.12B | $45.68B | $43.40B | $41.48B | $38.32B |
| Current assets | $3.93B | $2.88B | $2.93B | $2.82B | $5.01B | $20.90B | $2.77B | $2.43B | $2.29B | $2.07B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $4.55B | $3.33B | $3.34B | $3.79B | $2.32B | $15.06B | $4.90B | $4.56B | $4.02B | $3.84B |
| Total equity incl. NCI | $14.88B | $14.08B | $13.93B | $13.92B | $13.72B | $13.37B | $12.99B | $11.66B | $10.76B | $9.90B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $551.00M | $511.00M | $505.00M | $443.00M | $322.00M | $302.00M | $332.00M | $303.00M | $320.00M | $356.00M |
| Accounts receivable | $1.11B | $961.00M | $950.00M | $896.00M | $583.00M | $603.00M | $687.00M | $663.00M | $681.00M | $666.00M |
| Goodwill | $2.25B | $2.25B | $2.25B | $2.25B | $716.00M | $716.00M | $3.20B | $3.16B | $3.26B | $3.06B |
| Long-term debt | $17.99B | $15.95B | $14.61B | $12.89B | $10.67B | $13.62B | $20.72B | $20.07B | $19.85B | $17.81B |
| Accounts payable | $1.56B | $1.20B | $1.10B | $1.20B | $679.00M | $745.00M | $956.00M | $989.00M | $924.00M | $820.00M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.63B | $2.34B | $1.76B | $1.73B | $2.27B | $2.75B | $2.43B | $2.82B | $2.46B | $2.89B |
| Capital expenditures | $4.03B | $2.80B | $2.39B | $2.16B | $1.97B | $2.27B | $2.24B | $3.24B | $3.13B | $2.92B |
| Investing cash flow | -$4.00B | -$2.82B | -$2.38B | -$5.65B | $7.96B | -$3.26B | -$3.08B | -$3.36B | -$3.16B | -$2.93B |
| Financing cash flow | $2.12B | $435.00M | $650.00M | $709.00M | -$7.39B | $386.00M | $836.00M | $690.00M | $824.00M | -$439.00M |
| Net change in cash | $747.00M | -$43.00M | $25.00M | -$3.22B | $3.13B | -$217.00M | $39.00M | $132.00M | $139.00M | -$503.00M |
| Stock-based compensation | $49.00M | $46.00M | $33.00M | $37.00M | $37.00M | $29.00M | $36.00M | $26.00M | $38.00M | $28.00M |
| Common dividends paid | $794.00M | $747.00M | $704.00M | $787.00M | $1.28B | $1.28B | $1.19B | $1.13B | $1.07B | $1.03B |
| Common share repurchases | Unavailable | Unavailable | $0 | $0 | $1.00B | $0 | $0 | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$1.40B | -$465.00M | -$632.00M | -$425.00M | $297.00M | $476.00M | $184.00M | -$417.00M | -$672.00M | -$30.00M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 23.5% | 20.6% | 19.6% | 17.4% | 24.6% | 29.0% | 27.2% | 36.6% | 39.0% | 39.1% |
| FCF margin | -15.5% | -5.5% | -7.6% | -5.4% | 5.1% | 8.7% | 3.3% | -5.4% | -9.0% | -0.4% |
| SBC / revenue | 0.5% | 0.5% | 0.4% | 0.5% | 0.6% | Unavailable | Unavailable | 0.3% | 0.5% | 0.4% |
| Current ratio | 0.86x | 0.86x | 0.88x | 0.75x | 2.16x | 1.39x | 0.56x | 0.53x | 0.57x | 0.54x |
| Revenue YoY growth | 6.9% | 1.8% | 5.2% | 36.6% | 5.6% | -2.3% | -28.0% | 4.5% | -0.9% | Unavailable |
| Net margin | 13.1% | 10.5% | 8.9% | 9.6% | -25.6% | 26.8% | 31.2% | 23.5% | 15.1% | 25.3% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 44.6% | 33.1% | 28.8% | 27.3% | 34.1% | 41.5% | 40.0% | 41.6% | 42.1% | 38.8% |
| Long-term debt / equity | 1.21x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 19.8% | 20.4% | 19.9% | 22.0% | 96.5% | 32.9% | 19.9% | 20.0% | 41.0% | 25.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PPL in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-20View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-07-31View SEC filing
10-Q · Filed 2025-04-30View SEC filing
10-K · Filed 2025-02-13View SEC filing
Reconciliation checks needing review
3 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2020-12-31
Operating, investing and financing flows differ from the reported change in cash by 108000000, beyond tolerance 32580000.00.
cash flow reconciliationreview2019-12-31
Operating, investing and financing flows differ from the reported change in cash by 154000000, beyond tolerance 30800000.00.