Pinnacle West Capital Corporation (PNW)

Pinnacle West Capital Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	11.12	6.6	3.84	4.96	4.83	9.97
Accounts Receivable	1,210	728.03	677.66	659.01	594.2	500.55
Other Receivables	-	5.98	-	0.33	14.09	7.51
Inventory	642.23	565.15	501.44	493.55	450.64	367.17
Other Current Assets	289.94	397.95	506.46	769.12	686.81	665.9
Total Current Assets	2,154	1,704	1,689	1,927	1,751	1,551
Property, Plant & Equipment	26,564	23,690	20,114	18,924	17,297	16,498
Net Nuclear Fuel	117.67	104.27	97.85	99.49	100.12	106.04
Regulatory Assets	1,440	1,463	1,389	1,390	1,283	1,193
Other Intangible Assets	525.23	575.98	591.31	267.11	258.88	273.69
Other Long-Term Assets	2,604	2,495	2,221	2,054	2,034	2,382
Total Assets	33,464	30,032	26,103	24,661	22,723	22,003

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	546.53	680.2	485.43	442.46	430.43	393.08
Accrued Expenses	112.16	105.64	81.8	72.92	61.22	57.33
Short-Term Debt	438.55	757.01	568.45	609.5	340.72	292
Current Portion of Long-Term Debt	825	600	800	875	50.69	150
Current Portion of Leases	209.74	188.59	100.37	67.88	105.21	100.44
Current Income Taxes Payable	314.19	186.61	175.86	166.83	164.44	168.65
Other Current Liabilities	573.09	642.99	631.89	654.76	609.44	595.37
Total Current Liabilities	3,019	3,161	2,844	2,889	1,762	1,757
Long-Term Debt	10,164	9,206	8,059	7,541	7,741	6,914
Long-Term Leases	5,329	3,548	1,521	1,210	639.25	728.4
Long-Term Unearned Revenue	852.28	632.17	569.34	533.58	422.1	257.15
Pension & Post-Retirement Benefits	182.43	167.64	139.32	112.7	116.29	152.87
Long-Term Deferred Tax Liabilities	2,841	2,779	2,694	2,674	2,565	2,498
Other Long-Term Liabilities	3,554	3,450	3,419	3,416	3,317	3,674
Total Liabilities	25,942	22,945	19,245	18,376	16,564	15,982

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	3,237	3,231	3,122	2,753	2,725	2,703
Retained Earnings	4,276	3,851	3,667	3,466	3,360	3,265
Treasury Stock	-3.32	-3.32	-3.32	-8.19	-5.01	-6.4
Comprehensive Income & Other	-30.5	-32.41	-30.94	-33.14	-31.44	-54.86
Total Common Equity	7,479	7,046	6,754	6,178	6,049	5,906
Minority Interest	42.53	40.62	103.17	107.2	111.23	115.26
Shareholders' Equity	7,522	7,087	6,857	6,285	6,160	6,021
Total Liabilities & Equity	33,464	30,032	26,103	24,661	22,723	22,003

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	16,967	14,300	11,048	10,303	8,877	8,185
Net Cash (Debt)	-16,956	-14,293	-11,045	-10,298	-8,872	-8,175
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-137.04	-117.18	-95.02	-90.49	-78.23	-72.22
Filing Date Shares Outstanding	121.2	120.91	119.1	113.43	113.18	112.93
Total Common Shares Outstanding	121.2	120.9	119.1	113.42	113.17	112.93
Working Capital	-865.71	-1,457	-1,154	-962.38	-11.59	-205.77
Book Value Per Share	61.71	58.28	56.71	54.47	53.45	52.30
Tangible Book Value	6,954	6,470	6,163	5,911	5,790	5,633
Tangible Book Value Per Share	57.38	53.52	51.75	52.11	51.16	49.88
Machinery	28,049	27,370	25,861	24,211	22,452	21,689
Construction In Progress	2,507	1,650	1,593	1,724	1,883	1,329

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error