Cash Flow Statement

Operating Cash Flow

+44%

-7%

10Y

Currency: USD

	Dec-2001	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025
Operating Cash Flow
Net Income	179	0	0	0	208	0	0	0	734	0	0	521	698	866	994	670	678	790	843	872	865	788	952	1 048	1 315	1 377	1 227	1 113	950	931	733	551	426	435	530	757	959	1 109	1 217	1 413	1 512	1 652	1 723	1 629	1 531	1 399	1 533	1 589	1 130	1 033	857	943	1 737	2 068	1 082	978	682	516	1 756	1 836	1 902	1 824	1 633	1 515	1 128	1 177	1 400	1 490	1 827	1 841	1 767	1 797	1 746	1 834	1 737	1 543	1 469	1 118	238	(1 324)	(1 480)	(1 410)	(755)	700	756	768	761	817	740	762	840	824	888	995	988	1 092
Depreciation & Amortization	490	0	0	0	487	0	0	0	380	0	0	306	412	517	623	424	423	426	431	431	446	462	463	465	458	446	452	460	461	459	456	459	860	929	1 017	1 113	780	856	970	1 059	1 215	1 279	1 266	1 295	1 286	1 315	1 346	1 352	909	926	716	625	988	850	957	953	942	962	980	984	1 006	1 024	1 042	1 077	1 105	1 130	1 148	1 161	1 172	1 188	1 211	1 249	1 280	1 303	1 330	1 336	1 359	1 338	1 270	1 193	1 121	1 091	1 120	1 183	1 233	1 285	1 323	1 332	1 335	1 345	1 352	1 352	1 357	1 359	1 370	1 389
Change in Deffered Taxes	(47)	0	0	0	85	0	0	0	96	0	0	90	155	133	124	23	(66)	(92)	(86)	(105)	(25)	(9)	(12)	(39)	42	36	42	81	43	69	(5)	119	104	111	127	(95)	241	450	641	823	582	635	609	477	424	247	351	427	387	281	349	502	666	803	669	609	428	479	492	505	560	559	441	408	707	605	677	678	355	385	338	357	309	326	324	407	402	346	262	98	87	76	114	91	179	217	230	266	322	317	329	327	196	162	186	226
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	22	0	0	0	36	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10	17	23	0	49	0	0	0	0	28	20	24	64	50	82	66	31	30	11	28	28	34	32	35	38	34	32	29	26	25	29	29	36	28	29	29	29	29	34	29	37	42	38	38	37	0	24	22	33	0	0	32	46	46	56	61
Other Non-Cash Items	449	0	0	0	146	0	0	0	142	0	0	175	269	362	595	509	380	512	412	422	291	558	425	415	25	(72)	(14)	45	174	137	367	532	324	378	190	225	466	(101)	(293)	(544)	(801)	(697)	(817)	(669)	(334)	(203)	(79)	(138)	702	1 177	1 375	1 087	(343)	(533)	783	612	1 012	815	(882)	(432)	(432)	(756)	(453)	(587)	(453)	(70)	(390)	(592)	(716)	(742)	(633)	(654)	(526)	(608)	(477)	(348)	(294)	267	1 289	2 914	2 907	2 561	1 613	100	41	24	(7)	(120)	(82)	(86)	(89)	(51)	(43)	(34)	(45)	(51)
Cash Taxes Paid	328	0	0	0	100	0	0	0	(23)	0	0	0	14	0	0	0	149	0	0	0	270	0	0	0	376	0	0	0	300	0	0	0	16	0	0	0	313	0	0	0	(76)	0	0	0	73	0	0	0	128	0	0	0	190	0	0	0	179	0	0	0	70	0	0	0	65	0	0	0	127	0	0	0	93	0	0	0	95	0	0	0	284	0	0	0	163	0	0	0	281	0	0	0	(123)	0	0	0
Cash Interest Paid	373	0	0	0	412	0	0	0	456	0	0	0	488	0	0	0	466	0	0	0	449	0	0	0	389	0	0	0	423	0	0	0	460	0	0	0	458	0	0	0	696	0	0	0	847	0	0	0	916	0	0	0	959	0	0	0	822	0	0	0	854	0	0	0	845	0	0	0	910	0	0	0	905	0	0	0	939	0	0	0	191	0	0	0	462	0	0	0	604	0	0	0	670	0	0	0
Change in Working Capital	(162)	726	731	762	(152)	930	1 253	1 366	3	1 518	1 486	296	(37)	(391)	(817)	(58)	(27)	(258)	(168)	(97)	181	(88)	(160)	(137)	(269)	(45)	190	(219)	(39)	(118)	(325)	14	138	487	(8)	301	(413)	(883)	(260)	(568)	(1)	170	(141)	23	(143)	(478)	(387)	(337)	(97)	301	345	324	242	(25)	(94)	(152)	(97)	(52)	126	(79)	(146)	(183)	(153)	1	(26)	50	161	180	183	57	(117)	(250)	(382)	(210)	(258)	(152)	(190)	(238)	193	(120)	(81)	(39)	(364)	(271)	(479)	(636)	(714)	(428)	(557)	(728)	(468)	(513)	(58)	89	(92)	(64)
Cash from Operating Activities	909 N/A	726 -20%	731 +1%	762 +4%	774 +2%	930 +20%	1 253 +35%	1 366 +9%	1 355 -1%	1 518 +12%	1 486 -2%	1 388 -7%	1 497 +8%	1 487 -1%	1 519 +2%	1 568 +3%	1 388 -11%	1 378 -1%	1 432 +4%	1 523 +6%	1 758 +15%	1 711 -3%	1 668 -3%	1 752 +5%	1 571 -10%	1 742 +11%	1 897 +9%	1 480 -22%	1 589 +7%	1 478 -7%	1 226 -17%	1 675 +37%	1 852 +11%	2 340 +26%	1 856 -21%	2 301 +24%	2 033 -12%	1 431 -30%	2 275 +59%	2 183 -4%	2 507 +15%	3 039 +21%	2 640 -13%	2 755 +4%	2 764 +0%	2 280 -18%	2 764 +21%	2 893 +5%	3 031 +5%	3 718 +23%	3 642 -2%	3 481 -4%	3 290 -5%	3 163 -4%	3 397 +7%	3 000 -12%	2 967 -1%	2 720 -8%	2 472 -9%	2 814 +14%	2 890 +3%	2 468 -15%	2 510 +2%	2 414 -4%	2 461 +2%	2 892 +18%	2 996 +4%	2 917 -3%	2 821 -3%	2 729 -3%	2 566 -6%	2 499 -3%	2 427 -3%	2 645 +9%	2 656 +0%	2 786 +5%	2 746 -1%	2 831 +3%	3 252 +15%	2 761 -15%	2 554 -7%	2 279 -11%	1 728 -24%	1 803 +4%	1 730 -4%	1 658 -4%	1 593 -4%	1 867 +17%	1 758 -6%	1 610 -8%	1 964 +22%	1 939 -1%	2 340 +21%	2 571 +10%	2 407 -6%	2 592 +8%
Investing Cash Flow
Capital Expenditures	(569)	(568)	(610)	(513)	(641)	(704)	(751)	(798)	(767)	(771)	(754)	(783)	(734)	(729)	(748)	(739)	(811)	(840)	(930)	(1 132)	(1 394)	(1 537)	(1 608)	(1 656)	(1 722)	(1 734)	(1 949)	(1 852)	(1 750)	(1 697)	(1 403)	(1 387)	(1 313)	(1 318)	(1 407)	(1 469)	(1 689)	(1 812)	(2 026)	(2 330)	(2 487)	(2 741)	(2 793)	(2 880)	(3 105)	(3 251)	(3 593)	(3 795)	(3 682)	(3 746)	(3 587)	(3 552)	(3 723)	(3 674)	(3 724)	(3 677)	(3 570)	(3 389)	(3 227)	(3 074)	(2 920)	(2 938)	(2 948)	(2 976)	(3 133)	(3 210)	(3 272)	(3 325)	(3 238)	(3 210)	(3 185)	(3 091)	(3 083)	(3 180)	(3 185)	(3 234)	(3 249)	(2 894)	(2 642)	(2 361)	(1 973)	(1 929)	(2 013)	(2 028)	(2 155)	(2 227)	(2 236)	(2 381)	(2 390)	(2 487)	(2 566)	(2 594)	(2 805)	(3 002)	(3 262)	(3 728)
Other Items	(133)	(157)	(425)	(621)	(416)	(222)	(135)	112	13	91	94	18	(44)	(44)	28	60	32	(5)	(46)	(66)	(223)	(220)	(154)	60	1 108	957	661	685	123	382	752	519	433	278	309	340	(6 540)	(6 009)	(12 044)	(12 098)	(5 465)	(6 020)	(213)	(149)	(18)	(60)	(11)	0	(613)	(833)	(977)	(929)	394	538	774	710	(18)	130	16	32	(6)	(4)	(13)	(52)	(28)	(27)	(156)	(134)	(123)	(120)	(6)	2	3	(11)	11	(10)	(9)	(266)	9 933	9 932	9 930	10 194	(3 689)	(3 672)	(3 499)	(3 503)	169	174	7	16	18	6	(13)	(8)	(8)	(6)
Cash from Investing Activities	(702) N/A	(725) -3%	(1 035) -43%	(1 134) -10%	(1 057) +7%	(926) +12%	(886) +4%	(686) +23%	(754) -10%	(680) +10%	(660) +3%	(765) -16%	(778) -2%	(773) +1%	(720) +7%	(679) +6%	(779) -15%	(845) -8%	(976) -16%	(1 198) -23%	(1 617) -35%	(1 757) -9%	(1 762) 0%	(1 596) +9%	(614) +62%	(777) -27%	(1 288) -66%	(1 167) +9%	(1 627) -39%	(1 315) +19%	(651) +50%	(868) -33%	(880) -1%	(1 040) -18%	(1 098) -6%	(1 129) -3%	(8 229) -629%	(7 821) +5%	(14 070) -80%	(14 428) -3%	(7 952) +45%	(8 761) -10%	(3 006) +66%	(3 029) -1%	(3 123) -3%	(3 311) -6%	(3 604) -9%	(3 795) -5%	(4 295) -13%	(4 579) -7%	(4 564) +0%	(4 481) +2%	(3 329) +26%	(3 136) +6%	(2 950) +6%	(2 967) -1%	(3 588) -21%	(3 259) +9%	(3 211) +1%	(3 042) +5%	(2 926) +4%	(2 942) -1%	(2 961) -1%	(3 028) -2%	(3 161) -4%	(3 237) -2%	(3 428) -6%	(3 459) -1%	(3 361) +3%	(3 330) +1%	(3 191) +4%	(3 089) +3%	(3 080) +0%	(3 191) -4%	(3 174) +1%	(3 244) -2%	(3 258) 0%	(3 160) +3%	7 291 N/A	7 571 +4%	7 957 +5%	8 265 +4%	(5 702) N/A	(5 700) +0%	(5 654) +1%	(5 730) -1%	(2 067) +64%	(2 207) -7%	(2 383) -8%	(2 471) -4%	(2 548) -3%	(2 588) -2%	(2 818) -9%	(3 010) -7%	(3 270) -9%	(3 734) -14%
Financing Cash Flow
Net Issuance of Common Stock	37	32	(660)	(301)	337	391	818	458	426	365	614	611	596	0	40	37	37	39	256	259	266	269	(41)	(532)	(680)	(719)	(646)	(178)	(19)	31	32	64	60	58	2 386	2 386	2 387	2 389	2 297	2 297	2 297	2 297	(184)	(180)	(178)	0	268	1 353	1 337	0	2 123	1 039	1 074	1 109	140	182	203	210	196	191	144	175	245	286	453	480	423	856	698	620	586	69	1 167	1 165	1 165	1 150	34	15	1	(275)	(994)	0	0	(717)	0	0	0	0	0	0	0	0	0	0	0	0
Net Issuance of Debt	(68)	(86)	732	(70)	(412)	(128)	(636)	(527)	(460)	(733)	(1 127)	(764)	(863)	(779)	(499)	(1 081)	(340)	(586)	(219)	404	277	871	709	507	(170)	(245)	414	238	1 255	486	464	58	(770)	302	1 027	1 224	4 692	4 318	7 133	7 601	4 410	4 316	1 267	863	1 189	1 954	1 316	926	2 443	2 224	1 270	1 905	206	(270)	730	1 205	1 330	1 518	1 236	532	441	898	1 259	1 670	1 462	1 167	1 496	971	1 145	1 056	798	1 570	887	1 008	1 487	637	1 668	1 507	(2 599)	(4 416)	(5 036)	(4 504)	(1 225)	1 095	1 502	978	1 205	1 140	1 405	1 460	1 328	1 641	1 205	1 233	1 643	2 490
Cash Paid for Dividends	(201)	(214)	(238)	(253)	(261)	(276)	(279)	(281)	(287)	(285)	(284)	(288)	(299)	(306)	(322)	(333)	(349)	(367)	(384)	(401)	(409)	(419)	(434)	(448)	(459)	(467)	(473)	(481)	(491)	(504)	(508)	(512)	(517)	(522)	(524)	(528)	(566)	(605)	(643)	(712)	(746)	(779)	(819)	(826)	(833)	(840)	(846)	(855)	(878)	(902)	(922)	(951)	(967)	(983)	(997)	(999)	(1 004)	(1 009)	(1 017)	(1 026)	(1 030)	(1 033)	(1 046)	(1 058)	(1 072)	(1 087)	(1 101)	(1 118)	(1 133)	(1 156)	(1 169)	(1 180)	(1 192)	(1 213)	(1 234)	(1 255)	(1 275)	(1 278)	(1 279)	(1 280)	(1 279)	(1 265)	(1 092)	(938)	(787)	(652)	(682)	(693)	(704)	(710)	(723)	(735)	(747)	(760)	(772)	(783)
Other	481	481	504	508	(27)	(31)	(51)	(39)	(66)	(63)	(48)	(47)	(12)	3	(22)	(20)	(24)	(39)	(11)	(25)	(39)	(50)	(44)	(35)	(17)	(8)	(7)	10	(24)	(29)	(45)	(65)	(44)	(50)	(110)	(107)	(206)	(212)	(228)	(261)	(194)	(204)	(153)	(134)	(130)	(127)	(171)	(170)	(1 271)	(1 257)	(879)	(909)	270	238	(446)	(407)	(461)	(439)	(14)	(4)	6	13	(34)	(41)	(19)	(12)	(10)	(5)	(20)	(19)	(22)	(24)	(26)	(26)	(35)	(26)	(41)	(169)	(84)	(92)	(81)	48	(8)	(7)	(6)	(43)	(59)	(57)	(51)	(29)	(24)	(28)	(23)	(15)	(14)	(29)
Cash from Financing Activities	249 N/A	213 -14%	338 +59%	(116) N/A	(363) -213%	(44) +88%	(148) -236%	(389) -163%	(387) +1%	(716) -85%	(845) -18%	(488) +42%	(578) -18%	(498) +14%	(803) -61%	(1 397) -74%	(676) +52%	(953) -41%	(358) +62%	237 N/A	95 -60%	671 +606%	190 -72%	(508) N/A	(1 326) -161%	(1 439) -9%	(712) +51%	(411) +42%	721 N/A	(16) N/A	(57) -256%	(455) -698%	(1 271) -179%	(212) +83%	2 779 N/A	2 975 +7%	6 307 +112%	5 890 -7%	8 559 +45%	8 925 +4%	5 767 -35%	5 630 -2%	111 -98%	(277) N/A	48 N/A	793 +1 552%	567 -28%	1 254 +121%	1 631 +30%	1 402 -14%	1 592 +14%	1 084 -32%	583 -46%	94 -84%	(573) N/A	(19) +97%	68 N/A	280 +312%	401 +43%	(307) N/A	(439) -43%	53 N/A	424 +700%	857 +102%	824 -4%	548 -33%	808 +47%	704 -13%	690 -2%	501 -27%	193 -61%	435 +125%	836 +92%	934 +12%	1 383 +48%	506 -63%	386 -24%	75 -81%	(3 961) N/A	(6 063) -53%	(7 390) -22%	(6 716) +9%	(3 319) +51%	(567) +83%	709 N/A	283 -60%	464 +64%	390 -16%	650 +67%	721 +11%	581 -19%	878 +51%	435 -50%	458 +5%	857 +87%	1 678 +96%
Change in Cash
Effect of Foreign Exchange Rates	(3)	0	0	0	2	1	0	0	7	11	7	12	9	7	12	9	6	4	4	3	3	2	3	4	5	4	2	(2)	(13)	(11)	(11)	(8)	0	5	(5)	10	13	21	0	(22)	(45)	(50)	(33)	(14)	10	(12)	3	(7)	8	36	37	32	(8)	(24)	(33)	(27)	(10)	(41)	(16)	(30)	(28)	8	(6)	5	15	10	1	(1)	(18)	(13)	(15)	(19)	10	8	8	31	17	24	31	14	8	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Change in Cash	453 N/A	214 -53%	34 -84%	(488) N/A	(644) -32%	(39) +94%	219 N/A	291 +33%	221 -24%	133 -40%	(12) N/A	147 N/A	150 +2%	223 +49%	8 -96%	(499) N/A	(61) +88%	(416) -582%	102 N/A	565 +454%	239 -58%	627 +162%	99 -84%	(348) N/A	(364) -5%	(470) -29%	(101) +79%	(100) +1%	670 N/A	136 -80%	507 +273%	344 -32%	(299) N/A	1 093 N/A	3 532 +223%	4 157 +18%	124 -97%	(479) N/A	(3 236) -576%	(3 342) -3%	277 N/A	(142) N/A	(288) -103%	(565) -96%	(301) +47%	(250) +17%	(270) -8%	345 N/A	375 +9%	577 +54%	707 +23%	116 -84%	536 +362%	97 -82%	(159) N/A	(13) +92%	(563) -4 231%	(300) +47%	(354) -18%	(565) -60%	(503) +11%	(413) +18%	(33) +92%	248 N/A	139 -44%	213 +53%	377 +77%	161 -57%	132 -18%	(113) N/A	(447) -296%	(174) +61%	193 N/A	396 +105%	873 +120%	79 -91%	(109) N/A	(230) -111%	6 613 N/A	4 283 -35%	3 129 -27%	3 828 +22%	(7 293) N/A	(4 464) +39%	(3 215) +28%	(3 789) -18%	(10) +100%	50 N/A	25 -50%	(140) N/A	(3) +98%	229 N/A	(43) N/A	19 N/A	(6) N/A	536 N/A
Free Cash Flow
Free Cash Flow	340 N/A	158 -54%	121 -23%	249 +106%	133 -47%	226 +70%	502 +122%	568 +13%	588 +4%	747 +27%	732 -2%	605 -17%	763 +26%	758 -1%	771 +2%	829 +8%	577 -30%	538 -7%	502 -7%	391 -22%	364 -7%	174 -52%	60 -66%	96 +60%	(151) N/A	8 N/A	(52) N/A	(372) -615%	(161) +57%	(219) -36%	(177) +19%	288 N/A	539 +87%	1 022 +90%	449 -56%	832 +85%	344 -59%	(381) N/A	249 N/A	(147) N/A	20 N/A	298 +1 390%	(153) N/A	(125) +18%	(341) -173%	(971) -185%	(829) +15%	(902) -9%	(651) +28%	(28) +96%	55 N/A	(71) N/A	(433) -510%	(511) -18%	(327) +36%	(677) -107%	(603) +11%	(669) -11%	(755) -13%	(260) +66%	(30) +88%	(470) -1 467%	(438) +7%	(562) -28%	(672) -20%	(318) +53%	(276) +13%	(408) -48%	(417) -2%	(481) -15%	(619) -29%	(592) +4%	(656) -11%	(535) +18%	(529) +1%	(448) +15%	(503) -12%	(63) +87%	610 N/A	400 -34%	581 +45%	350 -40%	(285) N/A	(225) +21%	(425) -89%	(569) -34%	(643) -13%	(514) +20%	(632) -23%	(877) -39%	(602) +31%	(655) -9%	(465) +29%	(431) +7%	(855) -98%	(1 136) -33%

Income Statement Balance Sheet Cash Flow Statement

PPL Corp
NYSE:PPL

Cash Flow Statement

Cash Flow Statement
PPL Corp

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PPL Corp NYSE:PPL

Cash Flow Statement

Cash Flow Statement PPL Corp

See Also

Company

Help

Tools

Stocks

PPL Corp
NYSE:PPL

Cash Flow Statement
PPL Corp