Pinnacle West Capital Corporation (PNW)

Pinnacle West Capital Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	4,703	4,696	4,324	3,804	3,587	3,471
Revenue Growth (YoY)	4.84%	8.59%	13.68%	6.05%	3.34%	-5.96%
Cost of Revenue	3,048	3,075	2,837	2,341	2,177	2,202
Gross Profit	1,654	1,621	1,488	1,463	1,410	1,269
Other Operating Expenses	813.75	795.96	755.69	657.27	621.67	596.82
Operating Expenses	813.75	795.96	755.69	657.27	621.67	596.82
Operating Income	840.72	824.64	731.91	805.31	788.15	671.96
Interest Expense / Income	342.56	331.32	255.54	233.26	228.97	216.72
Other Expense / Income	-103.18	-85.15	-82.06	-156.76	-69.55	-67.31
Pretax Income	601.34	578.47	558.43	728.81	628.73	522.55
Income Tax	79.62	76.91	74.83	110.09	78.17	-15.77
Net Income	521.72	501.56	483.6	618.72	550.56	538.32
Net Income Growth	12.60%	3.71%	-21.84%	12.38%	2.27%	5.34%
Shares Outstanding (Basic)	114	113	113	113	113	112
Shares Outstanding (Diluted)	114	114	113	113	113	113
Shares Change	0.77%	0.34%	0.20%	0.22%	0.16%	0.18%
EPS (Basic)	4.60	4.42	4.27	5.48	4.89	4.79
EPS (Diluted)	4.59	4.41	4.26	5.47	4.87	4.77
EPS Growth	12.50%	3.52%	-22.12%	12.32%	2.10%	5.07%
Free Cash Flow	-350.76	-457.81	-328.61	-507.81	-297.72	-164.03
Free Cash Flow Per Share	-3.09	-4.04	-2.90	-4.50	-2.64	-1.46
Dividend Per Share	3.490	3.475	3.415	3.340	3.177	2.995
Dividend Growth	1.75%	1.76%	2.25%	5.13%	6.08%	6.13%
Gross Margin	35.18%	34.51%	34.40%	38.45%	39.30%	36.55%
Operating Margin	17.88%	17.56%	16.93%	21.17%	21.97%	19.36%
Profit Margin	11.09%	10.68%	11.18%	16.27%	15.35%	15.51%
Free Cash Flow Margin	-7.46%	-9.75%	-7.60%	-13.35%	-8.30%	-4.73%
Effective Tax Rate	13.24%	13.30%	13.40%	15.10%	12.43%	-3.02%
EBITDA	1,816	1,764	1,632	1,681	1,544	1,403
EBITDA Margin	38.61%	37.56%	37.73%	44.20%	43.04%	40.43%
Depreciation & Amortization	871.78	854.14	817.81	719.14	686.25	664.14
EBIT	943.9	909.79	813.97	962.07	857.7	739.27
EBIT Margin	20.07%	19.37%	18.82%	25.29%	23.91%	21.30%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).