PPL Corporation (PPL)
NYSE: PPL · Real-Time Price · USD
35.80
-0.20 (-0.56%)
Nov 6, 2026, 4:00 PM EST - Market closed
PPL Corporation Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 367 | 230 | 452 | 266 | 318 | 183 | 414 | 177 | 214 | 190 | 307 | 113 | 230 | 112 | 285 | - | 174 | 119 | 273 | 134 |
Depreciation & Amortization | 396 | 389 | 389 | 358 | 355 | 353 | 342 | 331 | 336 | 342 | 340 | 334 | 336 | 335 | 330 | - | 327 | 297 | 278 | 281 |
Other Amortization | - | - | - | 8 | - | - | - | 8 | - | - | - | - | - | - | - | - | - | - | - | - |
Asset Writedown | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 67 | - | - | - |
Stock-Based Compensation | -31 | 8 | 23 | 49 | - | 7 | 19 | 46 | - | - | - | 33 | - | - | - | - | 23 | - | - | - |
Change in Accounts Receivable | 39 | 183 | -76 | -338 | 86 | 141 | -169 | -171 | 132 | 254 | -18 | -229 | -45 | 217 | 15 | - | -36 | -15 | -10 | -61 |
Change in Inventory | -18 | -61 | 19 | -31 | -10 | -24 | 37 | 7 | -13 | -29 | 33 | -17 | -13 | -40 | 10 | - | -94 | -19 | 42 | -24 |
Change in Accounts Payable | 24 | -136 | -56 | 147 | 8 | -47 | -120 | 195 | -69 | 54 | -221 | 57 | 80 | -146 | -63 | - | -46 | 162 | 4 | 56 |
Change in Income Taxes | 15 | -24 | -48 | 58 | -11 | - | 40 | -19 | 13 | 26 | -47 | 21 | 16 | 11 | -42 | - | 27 | -37 | -4 | -48 |
Change in Other Net Operating Assets | 53 | -19 | -192 | 99 | 167 | -46 | -66 | -62 | 149 | -100 | -172 | -336 | 212 | -109 | -169 | - | 119 | -77 | -127 | -103 |
Other Operating Activities | 71 | 13 | 46 | -68 | 53 | 35 | 16 | -1 | 19 | 29 | 60 | 134 | -10 | 32 | 64 | - | -29 | 47 | 46 | 57 |
Operating Cash Flow | 916 | 583 | 557 | 548 | 966 | 602 | 513 | 511 | 781 | 766 | 282 | 110 | 806 | 412 | 430 | - | 532 | 477 | 502 | 292 |
Operating Cash Flow Growth (YoY) | -5.18% | -3.16% | 8.58% | 7.24% | 23.69% | -21.41% | 81.92% | 364.54% | -3.10% | 85.92% | -34.42% | - | 51.50% | -13.63% | -14.34% | - | 16.41% | -44.41% | -24.28% | -41.48% |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,191 | -1,281 | -1,058 | -1,162 | -1,145 | -930 | -793 | -860 | -679 | -670 | -596 | -649 | -651 | -591 | -499 | - | -506 | -582 | -427 | -513 |
Cash Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3,674 | - | - |
Divestitures | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,560 |
Other Investing Activities | -18 | -80 | 12 | 18 | -2 | - | 10 | -14 | -4 | - | 5 | 5 | 8 | -2 | -4 | - | 3 | - | - | -10,561 |
Investing Cash Flow | -1,209 | -1,361 | -1,046 | -1,144 | -1,147 | -930 | -783 | -874 | -683 | -670 | -591 | -644 | -643 | -593 | -503 | - | -503 | -4,256 | -427 | -514 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | - | - | 475 | - | - | - | - | - | - | - | - | - | - | - | 916 | - |
Long-Term Debt Issued | - | - | 1,150 | - | - | - | - | - | - | - | 1,148 | - | - | - | 3,127 | - | - | - | - | - |
Total Debt Issued | 223 | 896 | 1,150 | 1,011 | 1,204 | 508 | 475 | - | 746 | - | 1,148 | 132 | - | - | 3,127 | - | 372 | 3 | 916 | - |
Short-Term Debt Repaid | - | - | -236 | - | - | - | - | - | - | - | -701 | - | - | - | -985 | - | - | - | - | - |
Long-Term Debt Repaid | - | - | -18 | - | - | - | - | - | - | - | - | - | - | - | -1,750 | - | - | - | - | - |
Total Debt Repaid | 341 | -805 | -254 | -616 | - | - | - | 303 | -389 | 98 | -701 | 607 | 44 | 230 | -2,735 | - | -263 | - | - | 69 |
Net Debt Issued (Repaid) | 564 | 91 | 896 | 395 | 1,204 | 508 | 475 | 303 | 357 | 98 | 447 | 739 | 44 | 230 | 392 | - | 109 | 3 | 916 | 69 |
Issuance of Common Stock | - | - | - | 401 | - | - | - | 2 | - | - | - | - | - | - | - | - | - | - | - | - |
Repurchase of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -721 |
Common Dividends Paid | -214 | -214 | -202 | -201 | -201 | -202 | -190 | -190 | -190 | -190 | -177 | -178 | -178 | -177 | -171 | - | -167 | -147 | -306 | -318 |
Other Financing Activities | - | -11 | -40 | -32 | -21 | - | -14 | 4 | -6 | -1 | -22 | 1 | -2 | -6 | -44 | - | -4 | 10 | -7 | -4 |
Financing Cash Flow | 350 | -134 | 654 | 563 | 982 | 306 | 271 | 119 | 161 | -93 | 248 | 562 | -136 | 47 | 177 | - | -62 | -134 | 603 | -974 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 57 | -912 | 165 | -33 | 801 | -22 | 1 | -244 | 259 | 3 | -61 | 28 | 27 | -134 | 104 | - | -33 | -3,913 | 678 | -1,196 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -275 | -698 | -501 | -614 | -179 | -328 | -280 | -349 | 102 | 96 | -314 | -539 | 155 | -179 | -69 | - | 26 | -105 | 75 | -221 |
Free Cash Flow Growth (YoY) | - | - | - | - | - | - | - | - | -34.19% | - | - | - | 496.15% | - | - | - | - | - | -60.94% | - |
Free Cash Flow Margin | -11.01% | -33.06% | -18.06% | -27.00% | -7.99% | -16.20% | -11.18% | -15.78% | 4.94% | 5.10% | -13.63% | -26.54% | 7.59% | -9.82% | -2.86% | - | 1.22% | -6.19% | 4.21% | -14.88% |
Free Cash Flow Per Share | -0.36 | -0.92 | -0.66 | -0.82 | -0.24 | -0.44 | -0.38 | -0.47 | 0.14 | 0.13 | -0.42 | -0.73 | 0.21 | -0.24 | -0.09 | - | 0.04 | -0.14 | 0.10 | -0.30 |
Levered Free Cash Flow | -225.63 | -607.75 | -607.75 | -415.5 | -283.75 | -281.63 | -327 | -358.25 | 88.75 | 116.25 | -424.38 | -518.88 | 213.38 | -178.25 | -133.63 | - | -140.13 | -6.75 | -160.5 | -202 |
Unlevered Free Cash Flow | -79.38 | -462.75 | -467.75 | -284.88 | -152.5 | -157.25 | -208.25 | -240.13 | 206.25 | 230 | -312.5 | -411.38 | 316.5 | -75.13 | -31.13 | - | -55.13 | 67 | -93 | -134.5 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | - | - | - | 745 | - | - | - | 670 | - | - | - | 604 | - | - | - | - | - | - | - | 191 |
Cash Income Tax Paid | - | - | - | 93 | - | - | - | - | - | - | - | 281 | - | - | - | - | - | - | - | 284 |
Change in Working Capital | 113 | -57 | -353 | -65 | 240 | 24 | -278 | -50 | 212 | 205 | -425 | -504 | 250 | -67 | -249 | - | -30 | 14 | -95 | -180 |