See more : Lufax Holding Ltd (LU) Income Statement Analysis – Financial Results
Complete financial analysis of Pinnacle West Capital Corporation (PNW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Pinnacle West Capital Corporation, a leading company in the Regulated Electric industry within the Utilities sector.
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Pinnacle West Capital Corporation (PNW)
About Pinnacle West Capital Corporation
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations. The company also owns or leases approximately 6,323 megawatts of regulated generation capacity. It serves approximately 1.3 million customers. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.70B | 4.32B | 3.80B | 3.59B | 3.47B | 3.69B | 3.57B | 3.50B | 3.50B | 3.49B | 3.45B | 3.30B | 3.24B | 3.26B | 3.30B | 3.37B | 3.52B | 3.40B | 2.99B | 2.90B | 2.82B | 2.64B | 4.55B | 3.69B | 2.42B | 2.13B | 2.00B | 1.82B | 1.67B | 1.69B | 1.72B | 1.69B | 1.47B | 1.60B | 1.51B | 1.44B | 1.31B | 1.25B | 1.17B |
| Cost of Revenue | 2.85B | 2.62B | 2.11B | 1.95B | 1.98B | 2.11B | 1.91B | 1.99B | 1.97B | 2.09B | 2.02B | 1.88B | 1.01B | 1.05B | 1.28B | 1.48B | 1.44B | 1.25B | 888.23M | 949.58M | 862.18M | 693.58M | 2.66B | 1.93B | 796.10M | 537.50M | 436.60M | 325.50M | 269.80M | 300.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.84B | 1.71B | 1.70B | 1.63B | 1.49B | 1.58B | 1.66B | 1.51B | 1.53B | 1.40B | 1.43B | 1.42B | 2.23B | 2.22B | 2.02B | 1.89B | 2.09B | 2.15B | 2.10B | 1.95B | 1.96B | 1.94B | 1.89B | 1.76B | 1.63B | 1.59B | 1.56B | 1.49B | 1.40B | 1.38B | 1.72B | 1.69B | 1.47B | 1.60B | 1.51B | 1.44B | 1.31B | 1.25B | 1.17B |
| Gross Profit Ratio | 39.28% | 39.50% | 44.62% | 45.57% | 42.85% | 42.76% | 46.55% | 43.21% | 43.65% | 40.20% | 41.52% | 43.07% | 68.86% | 67.92% | 61.15% | 56.08% | 59.27% | 63.22% | 70.27% | 67.25% | 69.40% | 73.70% | 41.46% | 47.57% | 67.15% | 74.77% | 78.12% | 82.09% | 83.84% | 82.16% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 66.90M | 342.37M | 330.74M | 351.56M | 461.87M | 391.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 40.65M | 98.49M | 112.54M | 56.34M | 22.99M | 49.79M | 24.66M | 20.37M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 66.90M | 342.37M | 330.74M | 351.56M | 461.87M | 391.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 979.32M | 976.06M | 891.91M | 846.50M | 815.40M | 56.72M | -17.53M | -14.44M | -15.62M | -12.14M | -12.24M | -17.02M | 1.49B | 1.49B | 1.44B | 1.36B | 1.47B | 1.53B | 1.58B | 1.44B | 1.47B | 1.43B | 1.21B | 1.08B | 1.05B | 1.03B | 1.00B | 948.40M | 837.50M | 850.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.02B | 976.06M | 891.91M | 846.50M | 815.40M | 804.70M | 725.13M | 655.87M | 671.17M | 592.54M | 587.87M | 570.49M | 1.49B | 1.49B | 1.44B | 1.36B | 1.47B | 1.53B | 1.58B | 1.44B | 1.47B | 1.43B | 1.21B | 1.08B | 1.05B | 1.03B | 1.00B | 948.40M | 837.50M | 850.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost & Expenses | 3.87B | 3.59B | 3.00B | 2.80B | 2.80B | 2.92B | 2.63B | 2.64B | 2.64B | 2.68B | 2.61B | 2.45B | 2.49B | 2.54B | 2.72B | 2.84B | 2.90B | 2.78B | 2.47B | 2.39B | 2.34B | 2.12B | 3.88B | 3.01B | 1.84B | 1.56B | 1.44B | 1.27B | 1.11B | 1.15B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Income | 27.24M | 7.33M | 6.73M | 12.21M | 10.38M | 8.65M | 3.50M | 884.00K | 493.00K | 1.01M | 1.63M | 1.24M | 1.85M | 3.26M | 1.66M | 7.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 331.32M | 255.54M | 233.26M | 228.97M | 216.72M | 218.29M | 197.68M | 185.75M | 178.71M | 185.49M | 187.03M | 199.65M | 223.64M | 227.64M | 223.11M | 197.47M | 212.62M | 196.83M | 185.09M | 195.86M | 204.59M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 854.14M | 817.81M | 719.14M | 686.25M | 664.14M | 650.96M | 610.63M | 565.01M | 571.66M | 417.36M | 492.32M | 481.26M | 493.78M | 472.81M | 443.16M | 390.36M | 403.90M | 652.10M | 381.60M | 431.55M | 466.90M | 456.07M | 456.27M | 424.49M | 406.20M | 412.00M | 397.20M | 341.50M | 279.80M | 221.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.72B | 1.65B | 1.64B | 1.53B | 1.36B | 1.47B | 1.55B | 1.42B | 1.43B | 1.31B | 1.34B | 1.34B | 1.26B | 1.22B | 771.33M | 929.03M | 1.02B | 1.27B | 896.89M | 950.13M | 937.15M | 1.01B | 1.13B | 1.10B | 985.00M | 979.20M | 954.90M | 885.40M | 842.30M | 754.90M | 1.72B | 1.69B | 1.47B | 1.60B | 1.51B | 1.44B | 1.31B | 1.25B | 1.17B |
| EBITDA Ratio | 36.61% | 37.56% | 41.76% | 40.64% | 37.98% | 38.27% | 40.70% | 37.94% | 40.37% | 34.84% | 38.44% | 39.89% | 38.32% | 36.85% | 31.17% | 27.35% | 29.40% | 37.44% | 30.13% | 31.22% | 33.14% | 37.56% | 24.97% | 29.83% | 40.65% | 45.96% | 47.86% | 48.71% | 50.44% | 44.79% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Income | 824.64M | 731.91M | 805.31M | 788.15M | 671.96M | 773.69M | 934.43M | 855.98M | 854.60M | 811.24M | 846.32M | 851.76M | 746.51M | 723.88M | 321.77M | 477.30M | 619.25M | 618.87M | 515.29M | 506.26M | 482.05M | 516.05M | 674.63M | 675.97M | 578.80M | 567.20M | 557.70M | 543.90M | 562.50M | 533.90M | 1.72B | 1.69B | 1.47B | 1.60B | 1.51B | 1.44B | 1.31B | 1.25B | 1.17B |
| Operating Income Ratio | 17.56% | 16.93% | 21.17% | 21.97% | 19.36% | 20.96% | 26.21% | 24.47% | 24.45% | 23.23% | 24.50% | 25.80% | 23.03% | 22.18% | 9.76% | 14.18% | 17.57% | 18.19% | 17.25% | 17.46% | 17.11% | 19.57% | 14.82% | 18.32% | 23.88% | 26.62% | 27.95% | 29.92% | 33.69% | 31.68% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Total Other Income/Expenses | -228.95M | -156.26M | -59.28M | -139.93M | -129.92M | -109.25M | -143.54M | -137.67M | -160.69M | -166.84M | -175.77M | -195.45M | -207.27M | -208.97M | -216.72M | -197.01M | -169.55M | -145.31M | -165.23M | -135.23M | -137.12M | -127.34M | -135.12M | -149.79M | -140.85M | -159.70M | -171.50M | -204.30M | -234.90M | -210.30M | -1.72B | -1.69B | -1.47B | -1.60B | -1.51B | -1.44B | -1.31B | -1.25B | -1.17B |
| Income Before Tax | 595.69M | 575.65M | 746.03M | 648.23M | 542.04M | 664.44M | 766.22M | 697.94M | 693.91M | 644.40M | 670.56M | 656.31M | 539.24M | 514.92M | 105.06M | 278.96M | 449.70M | 473.56M | 350.06M | 364.08M | 336.14M | 353.25M | 540.90M | 526.18M | 437.90M | 407.50M | 386.20M | 339.60M | 327.60M | 323.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 12.69% | 13.31% | 19.61% | 18.07% | 15.62% | 18.00% | 21.49% | 19.95% | 19.85% | 18.46% | 19.41% | 19.88% | 16.64% | 15.78% | 3.19% | 8.29% | 12.76% | 13.92% | 11.72% | 12.56% | 11.93% | 13.39% | 11.88% | 14.26% | 18.07% | 19.13% | 19.36% | 18.68% | 19.62% | 19.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 76.91M | 74.83M | 110.09M | 78.17M | -15.77M | 133.90M | 258.27M | 236.41M | 237.72M | 220.71M | 230.59M | 237.32M | 183.60M | 164.32M | 37.83M | 65.41M | 150.92M | 156.42M | 126.89M | 128.86M | 105.56M | 138.10M | 213.54M | 223.85M | 168.10M | 164.60M | 150.30M | 128.50M | 128.00M | 123.00M | -189.30M | -156.40M | 186.80M | -97.30M | 551.40M | -4.20M | -268.40M | -234.20M | -279.50M |
| Net Income | 501.56M | 483.60M | 618.72M | 550.56M | 538.32M | 511.05M | 488.46M | 442.03M | 437.26M | 397.60M | 406.07M | 381.54M | 339.47M | 350.05M | 68.33M | 242.13M | 307.14M | 327.26M | 176.27M | 243.20M | 240.58M | 149.41M | 312.17M | 302.33M | 167.90M | 242.90M | 235.90M | 181.30M | 188.00M | 200.60M | 189.30M | 156.40M | -186.80M | 97.30M | -551.40M | 4.20M | 268.40M | 234.20M | 279.50M |
| Net Income Ratio | 10.68% | 11.18% | 16.27% | 15.35% | 15.51% | 13.84% | 13.70% | 12.63% | 12.51% | 11.39% | 11.75% | 11.56% | 10.47% | 10.73% | 2.07% | 7.19% | 8.72% | 9.62% | 5.90% | 8.39% | 8.54% | 5.67% | 6.86% | 8.19% | 6.93% | 11.40% | 11.82% | 9.97% | 11.26% | 11.90% | 11.02% | 9.26% | -12.67% | 6.09% | -36.57% | 0.29% | 20.44% | 18.74% | 23.80% |
| EPS | 4.42 | 4.27 | 5.48 | 4.89 | 4.79 | 4.56 | 4.37 | 3.97 | 3.94 | 3.59 | 3.69 | 3.48 | 3.11 | 3.28 | 0.68 | 2.40 | 3.06 | 3.29 | 1.83 | 2.66 | 2.64 | 1.76 | 3.68 | 3.57 | 1.98 | 2.87 | 2.76 | 2.07 | 2.15 | 2.30 | 2.17 | 1.80 | -2.15 | 1.12 | -6.36 | 0.05 | 3.21 | 3.04 | 3.88 |
| EPS Diluted | 4.41 | 4.26 | 5.47 | 4.87 | 4.77 | 4.54 | 4.35 | 3.95 | 3.92 | 3.58 | 3.66 | 3.45 | 3.09 | 3.27 | 0.67 | 2.40 | 3.05 | 3.27 | 1.82 | 2.66 | 2.63 | 1.76 | 3.68 | 3.56 | 1.97 | 2.85 | 2.74 | 2.06 | 2.15 | 2.30 | 2.16 | 1.80 | -2.15 | 1.12 | -6.36 | 0.05 | 3.21 | 3.04 | 3.88 |
| Weighted Avg Shares Out | 113.44M | 113.20M | 112.91M | 112.67M | 112.44M | 112.13M | 111.84M | 111.41M | 111.03M | 110.63M | 109.98M | 109.51M | 109.05M | 106.57M | 101.16M | 100.69M | 100.26M | 99.42M | 96.32M | 91.43M | 91.27M | 84.90M | 84.83M | 84.73M | 84.72M | 84.77M | 85.47M | 87.58M | 87.42M | 87.41M | 87.24M | 86.89M | 86.88M | 86.88M | 86.70M | 84.00M | 73.33M | 77.04M | 60.59M |
| Weighted Avg Shares Out (Dil) | 113.80M | 113.42M | 113.19M | 112.94M | 112.76M | 112.55M | 112.37M | 112.05M | 111.55M | 111.18M | 110.81M | 110.53M | 109.86M | 107.14M | 101.26M | 100.97M | 100.84M | 100.01M | 96.85M | 91.43M | 91.41M | 84.96M | 84.83M | 84.94M | 85.01M | 85.35M | 86.09M | 88.01M | 87.42M | 87.41M | 87.64M | 86.89M | 86.88M | 86.88M | 86.70M | 84.00M | 73.33M | 77.04M | 60.59M |
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PNW vs. NEE: Which Stock Should Value Investors Buy Now?
Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Pinnacle West (PNW) and NextEra Energy (NEE). But which of these two stocks presents investors with the better value opportunity right now?
Pinnacle West: Equity Offering Dilution Offset By Credit Stabilization
Pinnacle West Capital Corporation's Q4 2023 results were slightly better than expected, driven by record-breaking weather and increased interest expenses. Guidance for 2024 was a bit lower than expected. We look at the equity offering, credit rating changes and update...
Pinnacle West (PNW) Rides on Renewable Power, Customer Growth
Pinnacle West (PNW) continues to benefit from its long-term investment plans, clean power generation and expanding customer base.
Pinnacle West Announces Pricing of a Public Offering of 9,774,436 Shares of Common Stock
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. announced that it has priced its registered public offering of its common stock.
Pinnacle West Announces Proposed Public Offering of $650 Million of Common Stock
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. announced today that it is commencing a registered public offering of $650 million of its common stock.
Pinnacle West Capital Corporation (PNW) Q4 2023 Earnings Call Transcript
Pinnacle West Capital Corporation (PNW) Q4 2023 Earnings Call Transcript
Pinnacle West (PNW) Q4 Earnings Surpass Estimates, Sales Lag
Pinnacle West's (PNW) fourth-quarter earnings were better than expected. The company has a well chalked-out capital investment plan to further strengthen its operation.
Pinnacle West Reports 2023 Full-Year and Fourth-Quarter Results, Shares 2024 Financial Outlook
PHOENIX--(BUSINESS WIRE)--Pinnacle West full-year financial results positively impacted by the effects of weather, robust customer growth and strong operational performance.
What's in Store for Pinnacle West Capital (PNW) in Q4 Earnings?
Pinnacle West Capital's (PNW) fourth-quarter results are expected to gain from expanding customer base and sales growth. Yet, rising operations and maintenance expenses might impact negatively.
Source: https://incomestatements.info
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