Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

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



	2019		2018		2017
Income (Numerator)
Net income	$	1,746	$	1,827	$	1,128
Less amounts allocated to participating securities	1		2		2
Net income available to PPL common shareowners - Basic and Diluted	$	1,745	$	1,825	$	1,126

Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	728,512		704,439		685,240
Add incremental non-participating securities:
Share-based payment awards (a)	1,101		445		2,094
Forward sale agreements	7,141		3,735		—
Weighted-average shares - Diluted EPS	736,754		708,619		687,334

Basic EPS
Net Income available to PPL common shareowners	$	2.39	$	2.59	$	1.64

Diluted EPS
Net Income available to PPL common shareowners	$	2.37	$	2.58	$	1.64


(a)	The Treasury Stock Method was applied to non-participating share-based payment awards.

Common Stock Issuances

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



	2019
Stock-based compensation plans (a)	1,936
DRIP	1,725

(a)

Includes stock options exercised, vesting of performance units, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

Antidilutive Securities Excluded From Diluted EPS

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



	2019	2018	2017
Stock options	—	172	696
Performance units	5	—	—
Restricted stock units	3	11	—