Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended June 30 used in the EPS calculation are:



	Three Months				Six Months
	2019		2018		2019		2018
Income (Numerator)
Net income	$	441	$	515	$	907	$	967
Less amounts allocated to participating securities	1		—		1		1
Net income available to PPL common shareowners - Basic and Diluted	$	440	$	515	$	906	$	966

Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	721,785		699,006		721,406		696,772
Add incremental non-participating securities:
Share-based payment awards	897		173		960		491
Forward sale agreements	8,233		1,797		8,070		898
Weighted-average shares - Diluted EPS	730,915		700,976		730,436		698,161

Basic EPS
Net Income available to PPL common shareowners	$	0.61	$	0.74	$	1.26	$	1.39

Diluted EPS
Net Income available to PPL common shareowners	$	0.60	$	0.73	$	1.24	$	1.38

Common Stock Issuances

For the periods ended June 30, PPL issued common stock related to stock-based compensation plans and the DRIP as follows (in thousands):



	Three Months		Six Months
	2019	2018	2019	2018
Stock-based compensation plans (a)	52	12	642	488
DRIP	417	526	875	1,011

(a)

Includes stock options exercised, vesting of performance units, vesting of restricted stock units and conversion of stock units granted to directors.

Antidilutive Securities Excluded From Diluted EPS

For the periods ended June 30, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.



	Three Months		Six Months
	2019	2018	2019	2018
Stock options	—	441	—	336
Restricted stock units	—	23	—	21