Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2014

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
		2014		2013
Income (Numerator)
Net income attributable to PPL shareowners		$	316	$	413
Less amounts allocated to participating securities			2		2
Net income available to PPL common shareowners - Basic			314		411
Plus interest charges (net of tax) related to Equity Units (a)			9		15
Net income available to PPL common shareowners - Diluted		$	323	$	426

Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS			630,749		582,640
Add incremental non-participating securities:
	Share-based payment awards		1,511		810
	Equity Units (a)		31,679		71,990
	Forward sale agreements				1,580
Weighted-average shares - Diluted EPS			663,939		657,020

Basic EPS
	Net Income Available to PPL common shareowners	$	0.50	$	0.70

Diluted EPS
	Net Income Available to PPL common shareowners	$	0.49	$	0.65

(a) The If-Converted Method has been applied to the Equity Units prior to settlement. See Note 7 for additional information on the 2011 Equity Units, including the issuance of PPL common stock on May 1, 2014 to settle the 2011 Purchase Contracts.

Common Stock Issuances

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

	Three Months
	2014	2013
Stock-based compensation plans (a)	1,096	446
ESOP		275
DRIP		549

(a) Includes stock options exercised, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

Antidilutive Securities Excluded From Diluted EPS

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
	2014		2013

Stock options		2,540		6,589
Performance units				206
Restricted stock units		123		116