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PINNACLE WEST CAPITAL CORP

CIK: 764622 SIC: 4911
$5.34B
Revenue
$631.64M
Net Income
63.79%
Gross Margin
19.99%
Op. Margin
$-1.71B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 16 annual reports available (2010 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $5.34B $5.34B $5.12B $4.70B $4.32B $3.80B
Revenue Growth % 0.0% 4.2% 9.1% 8.6% 13.7% nan%
Cost of Revenue $1.93B $1.93B $1.82B $1.79B $1.63B $1.15B
+ Gross Profit $3.41B $3.41B $3.30B $2.90B $2.70B $2.65B
Gross Margin % 63.8% 63.8% 64.4% 61.8% 62.3% 69.7%
Operating Expenses $4.27B $4.27B $4.11B $3.87B $3.59B $3.00B
+ Operating Income $1.07B $1.07B $1.01B $824.64M $731.91M $805.31M
Operating Margin % 20.0% 20.0% 19.7% 17.6% 16.9% 21.2%
Interest Expense $388.54M $388.54M $360.35M $331.32M $255.54M $233.26M
Interest Income - $18.04M $24.32M $27.24M - -
Other Income/Expense $92.71M $92.71M $101.97M $102.38M $99.28M $173.98M
Income Before Tax - $738.37M $736.56M $595.69M - -
Income Tax Expense $106.73M $106.73M $110.53M $76.91M $74.83M $110.09M
+ Net Income $631.64M $631.64M $626.03M $518.78M $500.83M $635.94M
Net Margin % 11.8% 11.8% 12.2% 11.0% 11.6% 16.7%
Basic EPS 5.14 5.15 5.35 4.42 4.27 5.48
Diluted EPS 5.05 5.05 5.24 4.41 4.26 5.47
Basic Shares Outstanding - 119.7M 113.8M 113.4M 113.2M 112.9M
Diluted Shares Outstanding - 122.0M 116.2M 113.8M 113.4M 113.2M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $6.60M $3.84M $4.96M $4.83M $9.97M
Other Current Assets $108.69M $74.92M $101.42M $60.09M $83.90M
Total Current Assets $1.70B $1.69B $1.93B $1.75B $1.55B
Property Plant & Equipment $18.36B $16.83B $15.80B $14.52B $14.18B
Intangible Assets $575.98M $591.31M $267.11M $258.88M $273.69M
Other Non-current Assets $145.00M $115.09M $102.84M $125.67M $97.88M
Total Assets $30.03B $26.10B $24.66B $22.72B $22.00B
Accounts Payable $680.20M $485.43M $442.45M $430.43M $393.08M
Short-term Debt $757.00M $568.45M $609.50M $340.72M $292.00M
Deferred Revenue $63.78M $44.34M $42.04M $41.77M $42.29M
Other Current Liabilities $151.44M $171.65M $193.52M $148.28M $151.97M
Total Current Liabilities $3.16B $2.84B $2.89B $1.76B $1.76B
Long-term Debt $9.21B $8.06B $7.54B $7.74B $6.91B
Deferred Tax Liabilities $2.47B $2.44B $2.42B $2.38B $2.31B
Other Non-current Liabilities $249.17M $242.32M $251.47M $252.15M $232.91M
Common Stock $3.23B $3.12B $2.75B $2.72B $2.70B
Retained Earnings $3.85B $3.67B $3.47B $3.36B $3.26B
Treasury Stock $3.32M $3.32M $8.19M $5.00M $6.40M
Total Stockholders Equity $7.05B $6.75B $6.18B $6.05B $5.91B
Total Liabilities & Equity $30.03B $26.10B $24.66B $22.72B $22.00B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $631.30M $631.64M $626.03M $518.78M $500.83M $635.94M
Depreciation & Amortization $1.71B $969.62M $956.18M $854.14M $817.81M $719.14M
Stock-based Compensation $46.97M $27.46M $23.53M $17.34M $15.94M $18.46M
Deferred Income Tax $-48.62M $-50.85M $-20.92M $-24.31M $43.20M $117.47M
Change in Inventory $91.98M $63.71M $7.89M $42.91M $83.47M $32.87M
Change in Payables $355.12M $171.14M $-7.21M $-75.62M $90.08M $20.27M
Operating Cash Flow $2.87B $1.81B $1.61B $1.21B $1.24B $860.01M
Capital Expenditure $4.58B $2.62B $2.25B $1.85B $1.71B $1.47B
Investing Cash Flow $-4.22B $-2.38B $-1.93B $-1.69B $-1.62B $-1.39B
Debt Repayment - - - $32.74M $150.00M -
Stock Issued - - - $-4.09M $-2.65M $-2.35M
Stock Repurchased - - - $4.09M $2.65M -
Dividends Paid $737.88M $422.79M $394.66M $386.49M $378.88M $369.48M
Financing Cash Flow $1.37B $576.35M $322.69M $486.68M $371.47M $476.92M
Net Change in Cash $23.98M $2.77M $-1.12M $123.00K $-5.14M $-50.00M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $1.82B $1.77B $4.21B $4.03B
Cost of Revenue $655.97M $631.38M $1.51B $1.43B
Operating Expenses $1.24B $1.22B $3.27B $3.10B
Operating Income $581.85M $546.99M $946.62M $927.52M
Interest Expense $111.20M $98.02M $308.01M $282.51M
Other Income/Expense $24.76M $24.54M $82.16M $94.08M
Income Tax Expense $77.89M $74.23M $106.73M $110.54M
Net Income $417.51M $399.27M $614.05M $628.55M
Basic EPS 3.45 3.47 5.03 5.42
Diluted EPS 3.39 3.37 4.93 5.32
Basic Shares Outstanding $119.62M $113.73M $119.58M $113.68M
Diluted Shares Outstanding $121.96M $117.12M $121.86M $115.72M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $30.89M $3.84M
Other Current Assets $74.71M $74.92M
Total Current Assets $2.00B $1.69B
Property Plant & Equipment $17.32B $16.83B
Intangible Assets $544.36M $591.31M
Other Non-current Assets $138.38M $115.09M
Total Assets $29.89B $26.10B
Accounts Payable $536.92M $485.43M
Short-term Debt $675.70M $568.45M
Deferred Revenue $61.72M $44.34M
Other Current Liabilities $146.82M $171.65M
Total Current Liabilities $2.97B $2.84B
Long-term Debt $9.20B $8.06B
Deferred Tax Liabilities $2.49B $2.44B
Other Non-current Liabilities $232.85M $242.32M
Common Stock $3.15B $3.12B
Retained Earnings $4.05B $3.67B
Treasury Stock $3.32M $3.32M
Total Stockholders Equity $7.17B $6.75B
Total Liabilities & Equity $29.89B $26.10B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $417.51M $399.27M $614.05M $628.55M
Depreciation & Amortization - - $731.64M $711.59M
Stock-based Compensation - - $21.25M $16.94M
Deferred Income Tax - - $-9.63M $-13.35M
Change in Inventory - - $37.25M $34.49M
Change in Payables - - $80.81M $24.96M
Operating Cash Flow - - $1.33B $1.17B
Capital Expenditure - - $1.96B $1.72B
Investing Cash Flow - - $-1.83B $-1.47B
Stock Repurchased - - - $3.80M
Dividends Paid - - $315.46M $294.59M
Financing Cash Flow - - $531.85M $343.21M
Net Change in Cash - - $27.05M $44.22M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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