Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

4. Earnings Per Share

(PPL)

Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased by incremental shares that would be outstanding if potentially dilutive share-based payment awards were converted to common shares as calculated using the Two-Class Method or Treasury Stock Method.

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
	2022		2021
Income (Numerator)
Income from continuing operations after income taxes available to PPL common shareowners - Basic and Diluted	$	273	$	203
Loss from discontinued operations (net of income taxes) available to PPL common shareowners - Basic and Diluted	$	—	$	(2,043)
Net income (loss) available to PPL common shareowners - Basic and Diluted	$	273	$	(1,840)
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	735,503		769,159
Add: Dilutive share-based payment awards	681		1,551
Weighted-average shares - Diluted EPS	736,184		770,710
Basic and Diluted EPS
Available to PPL common shareowners:
Income from continuing operations after income taxes	$	0.37	$	0.26
Loss from discontinued operations (net of income taxes)	—		(2.65)
Net Income (Loss) available to PPL common shareowners	$	0.37	$	(2.39)

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

	Three Months
	2022	2021
Stock-based compensation plans	124	520

See Note 7 for common stock repurchased under an authorized share repurchase program.

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
	2022	2021
Stock-based compensation awards	154	233