Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2018

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



	Three Months				Nine Months
	2018		2017		2018		2017
Income (Numerator)
Net income	$	445	$	355	$	1,412	$	1,050
Less amounts allocated to participating securities	1		1		2		2
Net income available to PPL common shareowners - Basic and Diluted	$	444	$	354	$	1,410	$	1,048

Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	703,730		686,563		699,117		683,783
Add incremental non-participating securities:
Share-based payment awards	298		2,183		427		2,298
Forward sale agreements	6,489		—		2,761		—
Weighted-average shares - Diluted EPS	710,517		688,746		702,305		686,081

Basic EPS
Net Income available to PPL common shareowners	$	0.63	$	0.52	$	2.02	$	1.53

Diluted EPS
Net Income available to PPL common shareowners	$	0.62	$	0.51	$	2.01	$	1.53

Common Stock Issuances

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



	Three Months		Nine Months
	2018	2017	2018	2017
Stock-based compensation plans (a)	80	256	568	1,707
DRIP	493	355	1,504	1,169


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



	Three Months		Nine Months
	2018	2017	2018	2017
Stock options	15	696	229	696
Restricted stock units	2	—	15	—