PPL (PPL) FY2024 results: revenue $8.5 billion, up 1.8% on the year
PPL Corp. (PPL) reported revenue of $8.5 billion for fiscal 2024, the year ended 31 December 2024, up 1.8% on the year before. Net income was $888 million, up 20.0%, and diluted earnings per share $1.20. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$8.5 billion
+1.8% on the year
FY2017FY2024
Operating margin
20.6%
19.6% a year earlier
FY2017FY2024
Net income
$888 million
+20.0% on the year
FY2017FY2024
Diluted EPS
$1.20
+20.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,340
1,758
1,730
+33.1%
Capital expenditure
2,805
2,390
2,155
+17.4%
Free cash flow
-465
-632
-425
Free cash flow margin
-5.5%
-7.6%
-5.4%
Cash from investing
-2,818
-2,383
-5,654
Cash from financing
435
650
709
-33.1%
Depreciation
1,279
1,254
1,181
+2.0%
Share-based compensation
46.0
33.0
37.0
+39.4%
Buybacks
n/a
0.0
0.0
Dividends paid
747
704
787
+6.1%
Dividend per share
$1.03
$0.96
$0.88
+7.3%
Diluted shares, weighted
740m
738m
737m
+0.2%
Shares outstanding at period end
738m
737m
736m
+0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
14,077
13,933
13,915
+1.0%
Non-controlling interest
n/a
0.0
3.0
Short-term borrowings
303
n/a
n/a
Debt
16,503
15,604
14,228
+5.8%
Operating lease liabilities
0.0
63.0
42.0
Finance lease liabilities
0.0
6.0
n/a
Other liabilities
10,186
9,630
9,649
+5.8%
Total liabilities and equity
41,069
39,236
37,837
+4.7%
Fixed assets
33,149
31,418
30,238
+5.5%
Goodwill
2,247
2,247
2,248
0.0%
Intangible assets
314
306
313
+2.6%
Cash and equivalents
306
331
356
-7.6%
Receivables
961
950
896
+1.2%
Inventory
511
505
443
+1.2%
Other assets
3,581
3,479
3,343
+2.9%
Total assets
41,069
39,236
37,837
+4.7%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.