PPL (PPL) FY2021 results: revenue $5.8 billion, up 5.6% on the year
PPL Corp. (PPL) reported revenue of $5.8 billion for fiscal 2021, the year ended 31 December 2021, up 5.6% on the year before. Net income was -$1.5 billion, and diluted earnings per share $-1.93. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$5.8 billion
+5.6% on the year
FY2014FY2021
Operating margin
24.6%
29.0% a year earlier
FY2014FY2021
Net income
-$1.5 billion
FY2014FY2021
Diluted EPS
-$1.93
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,270
2,746
2,427
-17.3%
Capital expenditure
1,973
2,270
2,243
-13.1%
Free cash flow
297
476
184
-37.6%
Free cash flow margin
5.1%
8.7%
3.3%
Cash from investing
7,957
-3,258
-3,080
Cash from financing
-7,390
386
836
Depreciation
1,082
1,022
949
+5.9%
Share-based compensation
37.0
29.0
36.0
+27.6%
Buybacks
1,003
0.0
0.0
Dividends paid
1,279
1,275
1,192
+0.3%
Dividend per share
$1.66
$1.66
$1.65
0.0%
Diluted shares, weighted
765m
769m
737m
-0.6%
Shares outstanding at period end
735m
769m
767m
-4.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
13,723
13,373
12,991
+2.6%
Non-controlling interest
0.0
n/a
n/a
Short-term borrowings
69.0
1,168
1,151
-94.1%
Debt
11,140
14,689
21,893
-24.2%
Operating lease liabilities
47.0
n/a
n/a
Other liabilities
8,244
18,886
9,645
-56.3%
Total liabilities and equity
33,223
48,116
45,680
-31.0%
Fixed assets
25,470
24,500
36,482
+4.0%
Goodwill
716
716
3,198
0.0%
Intangible assets
343
351
742
-2.3%
Cash and equivalents
3,571
442
815
+707.9%
Receivables
583
603
687
-3.3%
Inventory
322
302
332
+6.6%
Other assets
2,218
21,202
3,424
-89.5%
Total assets
33,223
48,116
45,680
-31.0%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.