Pinnacle West Capital

Utilities Multi-Utilities Phoenix, Arizona Last filing Feb 25, 2026 · FY2025

Balance Sheet

Assets, liabilities, and equity

30 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
BS Assets Cash	$6.6M	$3.8M	$5.0M	$4.8M	$10.0M
BS Assets Accts Receivable	$579.8M	$525.6M	$513.9M	$453.2M	$391.9M
BS Assets Prepaid Expenses	$108.7M	$74.9M	$101.4M	$60.1M	$83.9M
BS Assets Other Current Assets	$108.7M	$74.9M	$101.4M	$60.1M	$83.9M
BS Assets Total Current	$1.7B	$1.7B	$1.9B	$1.8B	$1.6B
BS Assets PPE	$18.4B	$16.8B	$15.8B	$14.5B	$14.2B
BS Assets Op Lease ROU	$3.6B	$1.6B	$1.3B	$801.7M	$890.1M
BS Assets Intangible Assets	$576.0M	$591.3M	$267.1M	$258.9M	$273.7M
BS Assets Other Noncurrent	$145.0M	$115.1M	$102.8M	$125.7M	$97.9M
BS Assets Total	$30.0B	$26.1B	$24.7B	$22.7B	$22.0B
BS Liab Accts Payable	$680.2M	$485.4M	$442.5M	$430.4M	$393.1M
BS Liab Accrued Liab	$151.4M	$171.7M	$193.5M	$148.3M	$152.0M
BS Liab Deferred Rev Current	$63.8M	$44.3M	$42.0M	$41.8M	$42.3M
BS Liab Current Debt	$600.0M	$800.0M	$609.5M	$340.7M	$292.0M
BS Liab Op Lease Current	$188.6M	$100.4M	$67.9M	$105.2M	$100.4M
BS Liab Other Current	$151.4M	$171.7M	$193.5M	$148.3M	$152.0M
BS Liab Total Current	$3.2B	$2.8B	$2.9B	$1.8B	$1.8B
BS Liab Long Term Debt	$9.2B	$8.1B	$7.5B	$7.7B	$6.9B
BS Liab Deferred Rev LT	$632.2M	$569.3M	$533.6M	$422.1M	$257.2M
BS Liab Op Lease Noncurrent	$3.5B	$1.5B	$1.2B	$639.2M	$728.4M
BS Liab Deferred Tax Liab	$2.5B	$2.4B	$2.4B	$2.4B	$2.3B
BS Liab Other Noncurrent	$249.2M	$242.3M	$251.5M	$252.1M	$232.9M
BS Liab Total	$3.2B	$2.8B	$2.9B	$1.8B	$1.8B
BS Equity Common Stock	$3.2B	$3.1B	$2.8B	$2.7B	$2.7B
BS Equity Retained Earnings	$3.9B	$3.7B	$3.5B	$3.4B	$3.3B
BS Equity Treasury Stock	$3.3M	$3.3M	$8.2M	$5.0M	$6.4M
BS Equity AOCI	$-32.4M	$-30.9M	$-33.1M	$-31.4M	$-54.9M
BS Equity NCI	$40.6M	$103.2M	$107.2M	$111.2M	$115.3M
BS Equity Total	$7.0B	$6.8B	$6.2B	$6.0B	$5.9B
BS Equity Total Liab and Equity	$30.0B	$26.1B	$24.7B	$22.7B	$22.0B

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $5.3B

Operating income $1.1B

Net income $631.6M

Account	2025	2024	2023	2022	2021
Statement
IS Revenue Total	$5.3B	$5.1B	$4.7B	$4.3B	$3.8B
IS Expense COGS	$1.9B	$1.8B	$1.8B	$1.6B	$1.2B
IS Expense DA	$969.6M	$956.2M	$854.1M	$817.8M	$719.1M
IS Expense SBC	$27.5M	$23.5M	$17.3M	$15.9M	$18.5M
IS Expense Total Opex	$4.3B	$4.1B	$3.9B	$3.6B	$3.0B
IS Operating Income	$1.1B	$1.0B	$824.6M	$731.9M	$805.3M
IS Interest Income	$18.0M	$24.3M	$27.2M	$7.3M	$6.7M
IS Interest Expense	$422.0M	$377.5M	$331.3M	$255.5M	$233.3M
IS Other Nonop Inc Exp	$30.3M	$34.1M	$25.1M	$52.4M	$25.4M
IS Pre Tax Income	$738.4M	$736.6M	$595.7M	—	—
IS Tax Expense	$106.7M	$110.5M	$76.9M	$74.8M	$110.1M
IS net Income	$631.6M	$626.0M	$518.8M	$500.8M	$635.9M
IS Comprehensive Income	$615.1M	$611.0M	$499.8M	$507.0M	$626.7M
IS EPS Basic	$5	$5	$4	$4	$5
IS EPS Diluted	$5	$5	$4	$4	$5
IS Shares Basic	$119.7M	$113.8M	$113.4M	$113.2M	$112.9M
IS Shares Diluted	$122.0M	$116.2M	$113.8M	$113.4M	$113.2M

Cash Flow Statement

Operating, investing, and financing flows

16 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
CF Ops net Income	$631.6M	$626.0M	$518.8M	$500.8M	$635.9M
CF Ops DA	$969.6M	$956.2M	$854.1M	$817.8M	$719.1M
CF Ops SBC	$27.5M	$23.5M	$17.3M	$15.9M	$18.5M
CF Ops Deferred Tax	$-50.9M	$-20.9M	$-24.3M	$43.2M	$117.5M
CF Ops Working Capital	$69.5M	$-92.5M	$-98.5M	$69.9M	$-55.2M
CF Ops Other	$138.9M	$24.7M	$61.9M	$170.4M	$78.2M
CF Ops net Cash	$1.8B	$1.6B	$1.2B	$1.2B	$860.0M
CF Inv Capex	$2.6B	$2.2B	$1.8B	$1.7B	$1.5B
CF Inv Other	$8.9M	$8.4M	$6.5M	$15.6M	$-6.5M
CF Inv net Cash	$-2.4B	$-1.9B	$-1.7B	$-1.6B	$-1.4B
CF Fin Dividends	$422.8M	$394.7M	$386.5M	$378.9M	$369.5M
CF Fin net Cash	$576.3M	$322.7M	$486.7M	$371.5M	$476.9M
CF FX Effect	$6.6M	$3.8M	$5.0M	$4.8M	$10.0M
CF net Change	$2.8M	$-1.1M	$123.0K	$-5.1M	$-50.0M
CF Cash Begin	$6.6M	$3.8M	$5.0M	$4.8M	$10.0M
CF Cash End	$6.6M	$3.8M	$5.0M	$4.8M	$10.0M

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Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

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