← PINNACLE WEST CAPITAL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | $442.0m |
$488.5m
+10.50%
|
$511.0m
+4.62%
|
$538.3m
+5.34%
|
$550.6m
+2.27%
|
$618.7m
+12.38%
|
$483.6m
-21.84%
|
$501.6m
+3.71%
|
$608.8m
+21.38%
|
$616.5m
+1.27%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $461.5m | $507.9m | $530.5m | $557.8m | $570.1m | $635.9m | $500.8m | $518.8m | $626.0m | $631.6m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $19.5m | $19.5m | $19.5m | $19.5m | $19.5m | $17.2m | $17.2m | $17.2m | $17.2m | $15.1m | — | |
| Depreciation, Depletion and Amortization | $565.0m | $610.6m | $651.0m | $664.1m | $686.3m | $719.1m | $817.8m | $854.1m | $956.2m | $969.6m | $994.6m | |
| Amortization of Intangible Assets | $58.0m | $72.0m | $68.0m | $66.0m | $70.0m | $80.0m | $84.0m | $90.0m | $136.0m | $157.0m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $817.8m | $854.1m | $956.2m | $969.6m | $994.6m | |
| Deferred Income Tax Expense (Benefit) | $206.9m | $248.2m | $117.4m | ($1.5m) | $69.5m | $117.5m | $43.2m | ($24.3m) | ($20.9m) | ($50.9m) | $28.4m | |
| Deferred Income Tax | — | — | — | — | — | — | $37.3m | $52.8m | ($29.2m) | $7.9m | $28.4m | |
| Deferred Tax | — | — | — | — | — | — | $37.3m | $52.8m | ($29.2m) | $7.9m | $28.4m | |
| Share-based Payment Arrangement, Noncash Expense | $18.9m | $20.5m | $19.5m | $18.4m | $18.3m | $18.5m | $15.9m | $17.3m | $23.5m | $27.5m | $28.0m | |
| Share-based Payment Arrangement, Expense | $19.0m | $21.0m | $20.0m | $18.0m | $18.0m | $18.0m | $16.0m | $17.0m | $24.0m | $27.0m | $28.0m | |
| Nonoperating Income (Expense) | $27.7m | $29.5m | $109.0m | $86.8m | $89.0m | $174.0m | $99.3m | $102.4m | $102.0m | $92.7m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($13.6m) | ($172.4m) | ($80.7m) | $91.1m | ($109.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($101.2m) | ($51.0m) | ($21.7m) | ($54.0m) | ($217.0m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($63.9m) | ($62.0m) | ($12.7m) | ($51.3m) | ($217.0m) | |
| Increase (Decrease) in Inventories | $1.5m | $6.7m | $6.1m | $51.8m | ($11.6m) | $32.9m | $83.5m | $42.9m | $7.9m | $63.7m | ($98.3m) | |
| Change In Inventory | — | — | — | — | — | — | ($83.5m) | ($42.9m) | ($7.9m) | ($63.7m) | ($98.3m) | |
| Increase (Decrease) in Accounts Payable | ($66.9m) | ($23.8m) | ($14.6m) | $50.6m | ($6.1m) | $20.3m | $90.1m | ($75.6m) | ($7.2m) | $171.1m | ($6.2m) | |
| Increase (Decrease) in Other Operating Assets | $60.2m | $68.5m | ($78.6m) | $82.9m | $67.5m | $246.5m | ($276.8m) | $195.6m | $132.6m | $283.5m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $352.9m | ($71.5m) | ($41.3m) | ($83.6m) | ($197.0m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($267.6m) | $65.1m | ($11.8m) | $29.5m | $344.1m | |
| Net Cash Provided by (Used in) Operating Activities | $1.0b |
$1.1b
+9.25%
|
$1.3b
+14.23%
|
$956.7m
-25.09%
|
$966.4m
+1.01%
|
$860.0m
-11.01%
|
$1.2b
+44.35%
|
$1.2b
-2.72%
|
$1.6b
+33.30%
|
$1.8b
+12.13%
|
$1.8b
-1.89%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | $1.3b | $1.4b | $1.2b | $1.2b | $1.3b | $1.5b | ($1.7b) | ($1.8b) | ($2.2b) | ($2.6b) | ($2.6b) | |
| Gain (Loss) on Investments | — | — | $16.2m | — | — | — | $0 | $6.2m | — | $26.7m | — | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | — | ($20.5m) | ($3.4m) | ($1.4m) | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | $18.7m | $19.1m | ($1.9m) | ($11.5m) | ($7.9m) | ($6.5m) | $15.6m | $6.5m | $8.4m | $8.9m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $93.8m | $130.8m | $254.7m | $249.7m | $319.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($1.3b) | ($1.4b) | ($1.2b) | ($1.1b) | ($1.3b) | ($1.4b) | ($1.6b) | ($1.7b) | ($1.9b) | ($2.4b) | ($2.3b) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $370.4m | $125.0m | $182.0m | $600.0m | $915.1m | $0 | $150.0m | $32.7m | — | — | ($350.0m) | |
| Proceeds from Issuance of Long-term Debt | $693.2m | $848.2m | $445.2m | $1.1b | $1.6b | $747.0m | $875.5m | $689.3m | — | — | $2.0b | |
| Issuance Of Debt | — | — | — | — | — | — | $924.3m | $931.2m | $1.9b | $2.5b | $2.0b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $875.5m | $689.3m | $1.3b | $1.7b | $2.0b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($150.0m) | ($32.7m) | ($875.0m) | ($800.0m) | ($350.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $774.3m | $898.5m | $397.2m | $1.1b | $1.1b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $725.5m | $656.6m | $438.2m | $942.8m | $1.7b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $48.7m | $241.9m | ($41.0m) | $188.6m | ($586.4m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($150.0m) | ($32.7m) | ($1.5b) | ($1.4b) | ($350.0m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $48.7m | $241.9m | $550.0m | $788.6m | $13.6m | |
| Short Term Debt Payments | — | — | — | — | — | — | $0 | $0 | ($591.0m) | ($600.0m) | ($163.0m) | |
| Payments of Ordinary Dividends, Common Stock | $274.2m | $289.8m | $308.9m | $329.6m | $350.6m | $369.5m | $378.9m | $386.5m | $394.7m | $422.8m | ($431.4m) | |
| Proceeds from Issuance of Common Stock | ($4.9m) | ($13.4m) | ($5.1m) | $692k | ($1.4m) | ($2.4m) | ($2.7m) | ($4.1m) | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($378.9m) | ($386.5m) | ($394.7m) | ($422.8m) | ($431.4m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($2.7m) | ($4.1m) | $341.4m | $84.6m | $83.5m | |
| Dividends Payable, Current | $72.9m | $77.7m | $82.7m | $88.0m | $93.5m | $96.0m | $97.9m | $99.8m | $106.6m | $110.0m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($378.9m) | ($386.5m) | ($394.7m) | ($422.8m) | ($431.4m) | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($21.3m) | ($21.3m) | ($21.3m) | ($216.8m) | ($210.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $198.1m |
$315.5m
+59.28%
|
($92.4m)
-129.30%
|
$178.8m
+293.38%
|
$361.1m
+102.01%
|
$476.9m
+32.06%
|
$371.5m
-22.11%
|
$486.7m
+31.01%
|
$322.7m
-33.69%
|
$576.3m
+78.61%
|
$544.9m
-5.46%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $4.5m | $49.7m | ($50.0m) | ($5.1m) | $123k | ($1.1m) | $2.8m | $9.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $10.0m | $4.8m | $5.0m | $3.8m | $18.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $10.3m | $60.0m | $10.0m | $4.8m | $5.0m | $3.8m | $6.6m | $9.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $184.5m | $189.3m | $208.5m | $218.7m | $217.0m | $227.6m | $245.3m | $311.0m | $360.3m | $388.5m | — | |
| Income Taxes Paid, Net | $10.0m | $2.2m | $21.2m | $12.5m | ($3.0m) | $229k | $46.2m | $8.8m | $134.0m | $22.8m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | — | — | — | — | — | — | — | $44.3m | $56.1m | $64.6m | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | $6.4m | $23.0m | $0 | — | |
| Income Tax Expense (Benefit) | $236.4m | $258.3m | $133.9m | ($15.8m) | $78.2m | $110.1m | $74.8m | $76.9m | $110.5m | $106.7m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $377.5m | $422.0m | — | |
| Investment Income, Interest | $884k | $3.5m | $8.6m | $10.4m | $12.2m | $6.7m | $7.3m | $27.2m | $24.3m | $18.0m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($2.9m) | ($2.2m) | ($1.5m) | — | — | — | — | — | — | — | — | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | $42.1m | $47.0m | $52.3m | $31.4m | $33.8m | $41.7m | $45.3m | $53.1m | $38.6m | $61.1m | — | |
| Unrealized Gain (Loss) on Derivatives | $403k | $373k | $0 | $0 | — | — | ($777k) | $777k | $0 | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $371.5m | $486.7m | $322.7m | $576.3m | $544.9m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.6b) | ($1.7b) | ($1.9b) | ($2.4b) | ($2.3b) | |
| Change In Account Payable | — | — | — | — | — | — | $90.1m | ($75.6m) | ($7.2m) | $171.1m | ($6.2m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($5.1m) | $123k | ($1.1m) | $2.8m | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($4.2m) | $2.4m | $9.0m | $10.7m | ($16.5m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $2.2m | $1.2m | $75k | $81.1m | $81.1m | |
| Change In Payable | — | — | — | — | — | — | $85.9m | ($73.2m) | $1.8m | $181.9m | ($6.2m) | |
| Change In Tax Payable | — | — | — | — | — | — | ($4.2m) | $2.4m | $9.0m | $10.7m | ($16.5m) | |
| Changes In Cash | — | — | — | — | — | — | ($5.1m) | $123k | ($1.1m) | $2.8m | ($9.7m) | |
| End Cash Position | — | — | — | — | — | — | $4.8m | $5.0m | $3.8m | $6.6m | $9.1m | |
| Financing Cash Flow | — | — | — | — | — | — | $371.5m |
$486.7m
+31.01%
|
$322.7m
-33.69%
|
$576.3m
+78.61%
|
$544.9m
-5.46%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($466.0m) | ($638.7m) | ($639.4m) | ($819.5m) | ($878.5m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $777k | ($777k) | — | — | — | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | ($6.4m) | ($23.0m) | $0 | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.6b) | ($1.7b) | ($1.9b) | ($2.4b) | ($2.3b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $23.4m | $84.3m | $0 | $36.5m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($4.3m) | ($2.1m) | ($23.4m) | ($3.8m) | $4.7m | |
| Operating Gains Losses | — | — | — | — | — | — | $777k | ($7.2m) | ($23.0m) | — | ($23.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($117.7m) | ($55.8m) | $137.0m | $77.4m | — | |
| Purchase Of Investment | — | — | — | — | — | — | ($1.2b) | ($1.7b) | ($1.7b) | ($1.9b) | ($1.9b) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $23.4m | $84.3m | $0 | $36.5m | |
| Sale Of Investment | — | — | — | — | — | — | $1.2b | $1.7b | $1.7b | $1.9b | $1.9b | |
| Stock Based Compensation | — | — | — | — | — | — | $15.9m | $17.3m | $23.5m | $27.5m | $28.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.