
PPL Corporation Balance Sheet 2025-2006 | PPL
Brief overview of PPL Corporation's balance sheet structure
The balance sheet is assessed across five available annual reports spanning 2015 to 2019.
Assets increased from $39.3 billion to $45.7 billion, or +16.2%; CAGR of about 3.8% indicates steady balance sheet expansion.
Asset growth of +16.2% was close to the +11.3% change in liabilities, leaving the funding profile broadly stable.
The equity ratio is 28.4% versus 25.2% five periods ago. Capitalization remains workable.
Each unit of equity supports 1.71x of net debt. This elevated load requires dependable cash generation.
Cash equals 1.8% of the balance sheet, compared with 2.1% five periods ago. This is the readily available cushion.
Retained earnings reached $5.1 billion, changing +73.6% over the period. A positive accumulated result supports equity.
Overall picture
PPL Corporation's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.
Annual Balance Sheet PPL Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
16.9 B | 16.2 B | 14.3 B | 12.6 B | 7.57 B | 2.7 B | 22.2 B | 21.4 B | 20.8 B | 18.9 B | 19.1 B | 20.1 B | 20.5 B | 19.2 B | 17.4 B | 11.7 B | 6.34 B | 6.74 B | - | - |
Long Term Debt |
18 B | 16 B | 14.6 B | 12.9 B | 10.7 B | 1.57 B | 20.7 B | 20.1 B | 19.8 B | 17.8 B | 18.6 B | 18.9 B | 20.6 B | 18.7 B | 18 B | 12.2 B | 7.14 B | 7.14 B | - | - |
Long Term Debt Current |
- | 551 M | 21 M | 22 M | 474 M | 1.57 B | 1.17 B | 530 M | 348 M | 518 M | - | 1.54 B | 315 M | 751 M | - | 502 M | - | 696 M | - | - |
Total Non Current Liabilities |
7.83 B | 7.71 B | 7.35 B | 7.24 B | 6.51 B | 7.21 B | 27.8 B | 27.2 B | 26.7 B | 24.6 B | 25.5 B | 27.8 B | 28.9 B | 27.5 B | 26.3 B | 6.98 B | 5.02 B | 4.54 B | - | - |
Total Current Liabilities |
4.55 B | 3.33 B | 3.34 B | 3.79 B | 2.32 B | 5.98 B | 4.9 B | 4.56 B | 4.02 B | 3.84 B | - | 7.44 B | 4.91 B | 5.62 B | 5.26 B | 5.21 B | 4.18 B | 4.32 B | - | - |
Total Liabilities |
- | - | - | - | - | - | 32.7 B | 31.7 B | 30.7 B | 28.4 B | 29.4 B | 35.2 B | 33.8 B | 33.1 B | 31.6 B | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | 261 M | 257 M | 292 M | 276 M | 326 M | - | - | - | - | - | - | - | - | - |
Retained Earnings |
3.21 B | 2.84 B | 2.71 B | 2.68 B | 2.57 B | 5.32 B | 5.13 B | 4.59 B | 3.87 B | 3.83 B | 2.95 B | 6.46 B | 5.71 B | 5.48 B | 4.8 B | 4.08 B | 3.75 B | 3.86 B | - | - |
Total Assets |
45.2 B | 41.1 B | 39.2 B | 37.8 B | 33.2 B | 48.1 B | 45.7 B | 43.4 B | 41.5 B | 38.3 B | 39.3 B | 48.9 B | 46.3 B | 43.6 B | 42.6 B | 32.8 B | 22.2 B | 21.4 B | - | - |
Cash and Cash Equivalents |
1.07 B | 306 M | 331 M | 356 M | 3.57 B | 443 M | 815 M | 621 M | 485 M | 341 M | 836 M | 1.4 B | 1.1 B | 901 M | 1.2 B | 925 M | 801 M | 1.1 B | 430 M | 794 M |
Book Value |
45.2 B | 41.1 B | 39.2 B | 37.8 B | 33.2 B | 48.1 B | 13 B | 11.7 B | 10.8 B | 9.9 B | 9.92 B | 13.6 B | 12.5 B | 10.5 B | 11.1 B | 32.8 B | 22.2 B | 21.4 B | - | - |
Total Shareholders Equity |
14.9 B | 14.1 B | 13.9 B | 13.9 B | 13.7 B | 13.4 B | 13 B | 11.7 B | 10.8 B | 9.9 B | 9.92 B | 13.6 B | 12.5 B | 10.5 B | 10.8 B | 8.21 B | 5.5 B | 5.08 B | 5.88 B | 5.48 B |
All numbers in USD currency
Quarterly Balance Sheet PPL Corporation
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
19 B | 16.9 B | 15.3 B | 15.9 B | 16 B | 16.5 B | 15.8 B | 15.8 B | 14.6 B | 14.5 B | 14.5 B | 14.5 B | 12.9 B | 13 B | - | 10.7 B | 10.7 B | 10.7 B | 11.1 B | 13.7 B | 13.6 B | 21.2 B | 13.6 B | 13.6 B | 20.7 B | 20.7 B | 20.7 B | 20.7 B | 20.1 B | 20.1 B | 20.1 B | 20.1 B | 19.8 B | 19.8 B | 19.8 B | 19.8 B | 17.8 B | 17.8 B | 17.8 B | 17.8 B | 18.6 B | 18.6 B | 18.6 B | 18.6 B | 17.2 B | 20.5 B | 17.2 B | 18.9 B | 20.6 B | 20.6 B | 20.6 B | 20.6 B | 18.7 B | 18.7 B | 18.7 B | 18.7 B | 18 B | 18 B | 18 B | 18 B | 8.84 B | 8.71 B | 7.65 B | 7.25 B | 7.22 B |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.51 B | - | 6.54 B | 6.89 B | 6.07 B | 7.55 B | 6.07 B | 6.07 B | 7.07 B | 7.07 B | 7.07 B | 7.07 B | 7.11 B | 7.11 B | 7.11 B | 7.11 B | 6.85 B | 6.85 B | 6.85 B | 6.85 B | 6.77 B | 6.77 B | 6.77 B | 6.77 B | 6.94 B | 6.94 B | 6.94 B | 6.94 B | 10.6 B | 8.28 B | 10.6 B | 8.94 B | 8.29 B | 8.29 B | 8.29 B | 8.29 B | 8.79 B | 8.79 B | 8.79 B | 8.79 B | 8.3 B | 8.3 B | 8.3 B | 8.3 B | 4.95 B | 4.8 B | 5.28 B | 4.96 B | 4.83 B |
Retained Earnings |
3.44 B | 3.14 B | 3.03 B | 3.05 B | 2.84 B | 2.85 B | 2.83 B | 2.83 B | 2.71 B | 2.78 B | 2.72 B | 2.79 B | 2.68 B | 2.66 B | - | 2.7 B | 2.57 B | 2.74 B | 2.85 B | 3.16 B | 5.32 B | 5.34 B | 5.32 B | 5.32 B | 5.13 B | 5.13 B | 5.13 B | 5.13 B | 4.59 B | 4.59 B | 4.59 B | 4.59 B | 3.87 B | 3.87 B | 3.87 B | 3.87 B | 3.83 B | 3.83 B | 3.83 B | 3.83 B | 2.95 B | 2.95 B | 2.95 B | 2.95 B | 6.46 B | 6.02 B | 6.46 B | 6.46 B | 5.71 B | 5.71 B | 5.71 B | 5.71 B | 5.48 B | 5.48 B | 5.48 B | 5.48 B | 4.8 B | 4.8 B | 4.8 B | 4.8 B | 3.9 B | 3.82 B | 3.87 B | 3.73 B | 3.84 B |
Total Assets |
46.3 B | 43.9 B | 42.4 B | 41.8 B | 41.1 B | 40.5 B | 39.8 B | 39.6 B | 39.2 B | 38.6 B | 38.3 B | 38.3 B | 37.8 B | 37.4 B | - | 34.1 B | 33.2 B | 34.2 B | 36.8 B | 47.8 B | 48.1 B | 47.9 B | 48.1 B | 48.1 B | 45.7 B | 45.7 B | 45.7 B | 45.7 B | 43.4 B | 43.4 B | 43.4 B | 43.4 B | 41.5 B | 41.5 B | 41.5 B | 41.5 B | 38.3 B | 38.3 B | 38.3 B | 38.3 B | 39.3 B | 39.3 B | 39.3 B | 39.3 B | 48.9 B | 48.2 B | 48.9 B | 48.9 B | 46.3 B | 46.3 B | 46.3 B | 46.3 B | 43.6 B | 43.6 B | 43.6 B | 43.6 B | 42.6 B | 42.6 B | 42.6 B | 42.6 B | 26.7 B | 25.9 B | 24.9 B | 21.9 B | 22.4 B |
Cash and Cash Equivalents |
1.24 B | 1.1 B | 294 M | 312 M | 306 M | 583 M | 324 M | 321 M | 331 M | 354 M | 327 M | 461 M | 356 M | 304 M | 337 M | 4.25 B | 3.57 B | 4.77 B | 7.63 B | 421 M | 442 M | 746 M | 442 M | 442 M | 815 M | 815 M | 815 M | 815 M | 621 M | 621 M | 621 M | 621 M | 485 M | 485 M | 485 M | 485 M | 341 M | 341 M | 341 M | 341 M | 836 M | 836 M | 836 M | 836 M | 1.4 B | 1.4 B | 1.4 B | 1.75 B | 863 M | 1.1 B | 1.1 B | 1.1 B | 901 M | 901 M | 901 M | 901 M | 1.2 B | 1.2 B | 1.2 B | 1.2 B | 4.85 B | 4.5 B | 1.72 B | 696 M | 973 M |
Book Value |
46.3 B | 43.9 B | 42.4 B | 41.8 B | 41.1 B | 40.5 B | 39.8 B | 39.6 B | 39.2 B | 38.6 B | 38.3 B | 38.3 B | 37.8 B | 37.4 B | - | 34.1 B | 33.2 B | 34.2 B | 36.8 B | 47.8 B | 48.1 B | 47.9 B | 48.1 B | 48.1 B | 45.7 B | 45.7 B | 45.7 B | 45.7 B | 43.4 B | 43.4 B | 43.4 B | 43.4 B | 41.5 B | 41.5 B | 41.5 B | 41.5 B | 38.3 B | 38.3 B | 38.3 B | 38.3 B | 39.3 B | 39.3 B | 39.3 B | 39.3 B | 48.9 B | 48.2 B | 48.9 B | 48.9 B | 46.3 B | 46.3 B | 46.3 B | 46.3 B | 43.6 B | 43.6 B | 43.6 B | 43.6 B | 42.6 B | 42.6 B | 42.6 B | 42.6 B | 26.7 B | 25.9 B | 24.9 B | 21.9 B | 22.4 B |
Total Shareholders Equity |
15 B | 14.4 B | 14.3 B | 14.3 B | 14.1 B | 14.1 B | 14.1 B | 14.1 B | 13.9 B | 14 B | 14 B | 14 B | 13.9 B | 13.9 B | 13.9 B | 13.9 B | 13.7 B | 14.6 B | 15 B | 11.6 B | 13.4 B | 13.7 B | 13.4 B | 13.4 B | 13 B | 13 B | 13 B | 13 B | 11.7 B | 11.7 B | 11.7 B | 11.7 B | 10.8 B | 10.8 B | 10.8 B | 10.8 B | 9.9 B | 9.9 B | 9.9 B | 9.9 B | 9.92 B | 9.92 B | 9.92 B | 9.92 B | 13.6 B | 13.6 B | 13.6 B | 13.6 B | 12.5 B | 12.5 B | 12.5 B | 12.5 B | 10.5 B | 10.5 B | 10.5 B | 10.5 B | 10.8 B | 10.8 B | 10.8 B | 10.8 B | 8.32 B | 7.94 B | 5.89 B | 5.62 B | 5.52 B |
All numbers in USD currency
Balance Sheet is a fundamental financial report of PPL Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.