Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

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
	2019		2018		2019		2018
Income (Numerator)
Net income	$	475	$	445	$	1,382	$	1,412
Less amounts allocated to participating securities	—		1		2		2
Net income available to PPL common shareowners - Basic and Diluted	$	475	$	444	$	1,380	$	1,410

Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	722,259		703,730		721,693		699,117
Add incremental non-participating securities:
Share-based payment awards	1,106		298		1,009		427
Forward sale agreements	7,786		6,489		7,975		2,761
Weighted-average shares - Diluted EPS	731,151		710,517		730,677		702,305

Basic EPS
Net Income available to PPL common shareowners	$	0.66	$	0.63	$	1.91	$	2.02

Diluted EPS
Net Income available to PPL common shareowners	$	0.65	$	0.62	$	1.89	$	2.01

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
	2019	2018	2019	2018
Stock-based compensation plans (a)	38	80	680	568
DRIP	430	493	1,305	1,504

(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
	2019	2018	2019	2018
Stock options	—	15	—	229
Restricted stock units	—	2	—	15