Earnings Per Share

3 Months Ended

Mar. 31, 2021

5. Earnings Per Share

(PPL)

Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased by incremental shares that would be outstanding if potentially dilutive share-based payment awards were converted to common shares as calculated using the Two-Class Method or Treasury Stock Method.

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended March 31 used in the EPS calculation are:


	Three Months
		2021		2020
Income (Numerator)


Income from continuing operations after income taxes available to PPL common shareowners - Basic and Diluted		$	203	$	204

Income (loss) from discontinued operations (net of income taxes) available to PPL common shareowners - Basic and Diluted		$	(2,043)	$	350



Net income (loss) available to PPL common shareowners - Basic and Diluted		$	(1,840)	$	554

Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS		769,159		767,948

Add: Dilutive share-based payment awards		1,551		790

Weighted-average shares - Diluted EPS		770,710		768,738

Basic and Diluted EPS
Available to PPL common shareowners:
Income from continuing operations after income taxes		$	0.26	$	0.27
Income (loss) from discontinued operations (net of income taxes)		(2.65)		0.45
Net Income (Loss) available to PPL common shareowners		$	(2.39)	$	0.72

For the periods ended March 31, PPL issued common stock related to stock-based compensation plans and the DRIP as follows (in thousands):


	Three Months
		2021	2020
Stock-based compensation plans		520	598
DRIP		—	434

For the periods ended March 31, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.


	Three Months
		2021	2020
Stock-based compensation awards		233	250