Earnings Per Share

6 Months Ended

Jun. 30, 2022

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 June 30 used in the EPS calculation are:


	Three Months				Six Months
	2022		2021		2022		2021
Income (Numerator)


Income (Loss) from continuing operations after income taxes available to PPL common shareowners - Basic and Diluted	$	119	$	(536)	$	392	$	(333)

Income (Loss) from discontinued operations (net of income taxes) available to PPL common shareowners - Basic and Diluted	$	—	$	555	$	—	$	(1,488)



Net income (loss) available to PPL common shareowners - Basic and Diluted	$	119	$	19	$	392	$	(1,821)

Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	735,977		769,466		735,741		769,313

Add: Dilutive share-based payment awards	792		—		737		—

Weighted-average shares - Diluted EPS	736,769		769,466		736,478		769,313

Basic and Diluted EPS
Available to PPL common shareowners:
Income (Loss) from continuing operations after income taxes	$	0.16	$	(0.69)	$	0.53	$	(0.44)
Loss from discontinued operations (net of income taxes)	—		0.72		—		(1.93)
Net Income (Loss) available to PPL common shareowners	$	0.16	$	0.03	$	0.53	$	(2.37)

For the periods ended June 30, PPL issued shares of common stock related to stock-based compensation plans as follows (in thousands):


	Three Months		Six Months
	2022	2021	2022	2021
Stock-based compensation plans	—	137	124	657

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

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


	Three Months		Six Months
	2022	2021	2022	2021
Stock-based compensation awards	66	3,443	110	1,838