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Earnings Per Share | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | 5. 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 non-participating securities were converted to common shares as calculated using the Treasury Stock Method. Incremental non-participating securities that have a dilutive impact are detailed in the table below. These dilutive securities include the PPL common stock forward sale agreements, which were settled in 2019. The forward sale agreements were dilutive under the Treasury Stock Method to the extent the average stock price of PPL's common shares exceeded the forward sale price prescribed in the agreements. 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
| 2020 |  | 2019 |  | 2020 |  | 2019
Income (Numerator) |  |  |  |  |  |  |
Net income | $ | 281 |  |  | $ | 475 |  |  | $ | 1,179 |  |  | $ | 1,382 |
Less amounts allocated to participating securities | — |  |  | — |  |  | 1 |  |  | 2 |
Net income available to PPL common shareowners - Basic and Diluted | $ | 281 |  |  | $ | 475 |  |  | $ | 1,178 |  |  | $ | 1,380 |
Shares of Common Stock (Denominator) |  |  |  |  |  |  |
Weighted-average shares - Basic EPS | 768,786 |  |  | 722,259 |  |  | 768,502 |  |  | 721,693 |
Add incremental non-participating securities: |  |  |  |  |  |  |
Share-based payment awards | 874 |  |  | 1,106 |  |  | 768 |  |  | 1,009 |
Forward sale agreements | — |  |  | 7,786 |  |  | — |  |  | 7,975 |
Weighted-average shares - Diluted EPS | 769,660 |  |  | 731,151 |  |  | 769,270 |  |  | 730,677 |
Basic EPS |  |  |  |  |  |  |
Net Income available to PPL common shareowners | $ | 0.37 |  |  | $ | 0.66 |  |  | $ | 1.53 |  |  | $ | 1.91 |
Diluted EPS |  |  |  |  |  |  |
Net Income available to PPL common shareowners | $ | 0.37 |  |  | $ | 0.65 |  |  | $ | 1.53 |  |  | $ | 1.89 |
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
| 2020 |  | 2019 |  | 2020 |  | 2019
Stock-based compensation plans | 14 |  |  | 38 |  |  | 621 |  |  | 680 |
DRIP | — |  |  | 430 |  |  | 943 |  |  | 1,305 |
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
| 2020 |  | 2019 |  | 2020 |  | 2019
Stock-based compensation awards | 364 |  |  | — |  |  | 595 |  |  | — |

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