Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

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
	2019		2018
Income (Numerator)
Net income	$	466	$	452
Less amounts allocated to participating securities	—		1
Net income available to PPL common shareowners - Basic and Diluted	$	466	$	451

Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	721,023		694,514
Add incremental non-participating securities:
Share-based payment awards	1,023		808
Forward sale agreements	7,907		—
Weighted-average shares - Diluted EPS	729,953		695,322

Basic EPS
Net Income available to PPL common shareowners	$	0.65	$	0.65

Diluted EPS
Net Income available to PPL common shareowners	$	0.64	$	0.65

Common Stock Issuances

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
	2019	2018
Stock-based compensation plans (a)	590	476
DRIP	458	485


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



	Three Months
	2019	2018
Stock options	—	230
Restricted stock units	—	20