PPL Corporation Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,181	888	740	1,428	36
Depreciation & Amortization	1,416	1,357	1,335	1,233	1,121
Stock-Based Compensation	49	46	33	37	37
Other Adjustments	62	107	220	237	502
Change in Receivables	-207	254	-170	-373	-19
Changes in Inventories	-73	-57	128	-90	-21
Changes in Accounts Payable	-12	-41	-72	358	24
Changes in Accrued Expenses	162	-68	-37	1	-32
Changes in Income Taxes Payable	43	-34	1	-80	27
Changes in Other Operating Activities	8	-112	-420	-307	-113
Operating Cash Flow	2,629	2,340	1,758	1,730	2,270
Operating Cash Flow Growth	12.35%	33.11%	1.62%	-23.79%	-17.33%
Capital Expenditures	-4,030	-2,805	-2,390	-2,155	-1,973
Payments for Business Acquisitions	-	-	-	-3,660	-
Proceeds from Business Divestments	-	-	-	146	10,560
Other Investing Activities	26	-13	7	15	-23
Investing Cash Flow	-4,004	-2,818	-2,383	-5,654	7,957
Short-Term Debt Repaid	-	-	-	-	-73
Net Short-Term Debt Issued (Repaid)	-	-	-	-	-73
Long-Term Debt Issued	3,045	1,894	3,252	850	650
Long-Term Debt Repaid	-616	-	-1,854	-264	-4,906
Net Long-Term Debt Issued (Repaid)	2,429	1,894	1,398	586	-4,256
Issuance of Common Stock	401	2	5	-	-
Repurchase of Common Stock	-	-	-	-	-1,003
Net Common Stock Issued (Repurchased)	401	2	5	-	-1,003
Common Dividends Paid	-794	-747	-704	-787	-1,279
Other Financing Activities	86	-714	-49	910	-368
Financing Cash Flow	2,122	435	650	709	-7,755
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	-	284
Net Cash Flow	747	-43	25	-3,215	3,129
Free Cash Flow	-1,401	-465	-632	-425	297
Free Cash Flow Growth	-	-	-	-	-37.60%
FCF Margin	-15.49%	-5.50%	-7.60%	-5.38%	5.14%
Free Cash Flow Per Share	-1.88	-0.63	-0.86	-0.58	0.39
Levered Free Cash Flow	1,124	1,022	683	-412	-6,794
Unlevered Free Cash Flow	-777.88	-375.48	-149.59	-52.8	-39,336

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.