PPL PPL Electric Utilities Corp

Ofgem has adopted a price control regulatory framework with a balanced objective of enhancing and developing electricity networks for the future, controlling costs to customers and allowing DNOs, such as WPD's DNOs, to earn a fair return on their investments. This regulatory structure is focused on outputs and performance in contrast to traditional U.S. utility ratemaking that operates under a cost recovery model. Price controls are established based on long-term business plans developed by each DNO with substantial input from its stakeholders. To measure the outputs and performance, each DNO business plan includes incentive targets that allow for increases and/or reductions in revenues based on operational performance, which are intended to align returns with quality of service, innovation and customer satisfaction.

Company profile

Ticker

PPL

Exchange

NYSE

Website

www.pplweb.com

CEO

William Harold Spence

Incorporated in

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Utilities > Electric Utilities

Industry (SEC)

Electric Services

Edison International • Southern California Edison • Tennessee Valley Authority • NextEra Energy • Pseg Power • NRG Energy • FirstEnergy • DTE Energy • Vistra Energy • Pinnacle West Capital ...

Former names

Pennsylvania Power & Light Co, PP&L Inc

SEC CIK

0000317187

Corporate docs

Articles of Incorporation & Bylaws

IRS number

230959590

PPL stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart PPL financial data

Quarter (USD)	Sep 19	Jun 19	Mar 19	Dec 18
Revenue	1.93B	1.8B	2.08B	1.94B
Net income	475M	441M	466M	415M
Diluted EPS	0.65	0.6	0.64	0.57
Net profit margin	24.57%	24.46%	22.41%	21.40%
Operating income	726M	640M	781M	657M
Net change in cash	264M	-112M	-103M	-221M
Cash on hand	670M	406M	518M	621M

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Revenue	7.79B	7.45B	7.52B	7.67B
Net income	1.83B	1.13B	1.9B	680M
Diluted EPS	2.58	1.64	2.79	1.01
Net profit margin	23.47%	15.15%	25.30%	8.87%
Operating income	2.85B	2.9B	2.94B	2.83B
Net change in cash	136M	144M	-495M	-563M
Cash on hand	621M	485M	341M	836M

Financial data from company earnings reports

Financial report summary

Management Discussion

The "Statement of Income Analysis" discussion below describes significant changes in principal line items on PPL's Statements of Income, comparing 2019 with 2018. The "Segment Earnings" and "Adjusted Gross Margins" discussions for PPL provide a review of results by reportable segment. These discussions include non-GAAP financial measures, including "Earnings from Ongoing Operations" and "Adjusted Gross Margins," and provide explanations of the non-GAAP financial measures and a reconciliation of those measures to the most comparable GAAP measure. The "2020 Outlook" discussion identifies key factors expected to impact 2020 earnings.
Tables analyzing changes in amounts between periods within "Statement of Income Analysis," "Segment Earnings" and "Adjusted Gross Margins" are presented on a constant GBP to U.S. dollar exchange rate basis, where applicable, in order to isolate the impact of the change in the exchange rate on the item being explained. Results computed on a constant GBP to U.S. dollar exchange rate basis are calculated by translating current year results at the prior year weighted-average GBP to U.S. dollar exchange rate.
A "Statement of Income Analysis" is presented separately for PPL Electric, LKE, LG&E and KU. The "Statement of Income Analysis" discussion below describes significant changes in principal line items on the Statements of Income, comparing 2019 with 2018. The results of operations section for PPL Electric, LKE, LG&E and KU is presented in a reduced disclosure format in accordance with General Instructions (I)(2)(a) of Form 10-K.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-K 2019 FY