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	756	-1,480
Depreciation & Amortization	1,416	1,357	1,335	1,233	1,121
Loss (Gain) on Sale of Assets	-	-	-	60	-
Asset Writedown	-	-	-	-	37
Stock-Based Compensation	-	46	33	37	37
Change in Accounts Receivable	-280	197	-42	-373	-19
Change in Inventory	-28	-2	-60	-90	-21
Change in Accounts Payable	-12	-41	-72	358	24
Change in Income Taxes	87	-27	6	-80	27
Change in Other Net Operating Assets	154	-185	-402	-306	-145
Other Operating Activities	111	107	220	177	1,963
Net Cash from Discontinued Operations	-	-	-	-42	726
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
Cash Acquisitions	-	-	-	-3,660	-
Divestitures	-	-	-	146	10,560
Other Investing Activities	26	-13	7	15	-630
Investing Cash Flow	-4,004	-2,818	-2,383	-5,654	7,957
Short-Term Debt Issued	153	-	7	916	-
Long-Term Debt Issued	3,045	1,894	3,252	850	650
Total Debt Issued	3,198	1,894	3,259	1,766	650
Short-Term Debt Repaid	-	-689	-	-	-799
Long-Term Debt Repaid	-616	-	-1,854	-264	-4,906
Total Debt Repaid	-616	-689	-1,854	-264	-5,705
Net Debt Issued (Repaid)	2,582	1,205	1,405	1,502	-5,055
Issuance of Common Stock	401	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-1,003
Common Dividends Paid	-794	-747	-704	-787	-1,279
Other Financing Activities	-67	-23	-51	-6	-53
Financing Cash Flow	2,122	435	650	709	-7,390
Foreign Exchange Rate Adjustments	-	-	-	-	8
Miscellaneous Cash Flow Adjustments	-	-	-	-	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%
Free Cash Flow Margin	-15.49%	-5.50%	-7.60%	-5.38%	5.14%
Free Cash Flow Per Share	-1.89	-0.63	-0.86	-0.58	0.39
Cash Interest Paid	745	670	604	462	191
Cash Income Tax Paid	93	-123	281	163	284
Levered Free Cash Flow	-1,343	-600.38	-600.5	-738.25	7,528
Unlevered Free Cash Flow	-838.38	-139.13	-184.25	-417.63	8,101
Change in Working Capital	-79	-58	-570	-491	-134

Source: S&P Global Market Intelligence. Utility template. Financial Sources.