Pinnacle West Capital Corporation (PNW)
NYSE: PNW · Real-Time Price · USD
104.22
+0.39 (0.38%)
Nov 6, 2026, 4:00 PM EST - Market closed
Pinnacle West Capital Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 661.14 | 616.53 | 608.81 | 501.56 | 483.6 | 618.72 |
Depreciation & Amortization | 1,015 | 969.62 | 956.18 | 854.14 | 817.81 | 719.14 |
Other Amortization | 463.01 | 463.01 | 425.89 | 547.24 | 219.58 | 44.56 |
Loss (Gain) on Sale of Assets | - | - | -22.99 | -6.42 | - | - |
Stock-Based Compensation | 26.62 | 27.46 | 23.53 | 17.34 | 15.94 | 18.46 |
Change in Accounts Receivable | -196.69 | -48.06 | -22.05 | -64.77 | -94.65 | -74.34 |
Change in Inventory | -103.54 | -63.71 | -7.9 | -42.91 | -83.47 | -32.87 |
Change in Accounts Payable | 47.56 | 171.14 | -7.21 | -75.62 | 90.08 | 20.27 |
Change in Income Taxes | -34.19 | 4.76 | 9.36 | 16.15 | -10.78 | 8.37 |
Change in Other Net Operating Assets | 286.45 | 26.95 | -52.94 | -5.21 | 85.27 | -293.58 |
Other Operating Activities | -335.83 | -362.59 | -300.86 | -533.79 | -281.95 | -168.72 |
Operating Cash Flow | 1,829 | 1,805 | 1,610 | 1,208 | 1,241 | 860.01 |
Operating Cash Flow Growth | 3.47% | 12.13% | 33.30% | -2.72% | 44.35% | -11.00% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -2,809 | -2,672 | -2,297 | -1,890 | -1,736 | -1,495 |
Divestitures | - | - | 84.32 | 23.4 | - | - |
Contributions to Nuclear Demissioning Trust | -1,923 | -1,859 | -1,710 | -1,682 | -1,212 | -1,725 |
Other Investing Activities | 2,314 | 2,153 | 1,989 | 1,854 | 1,330 | 1,833 |
Investing Cash Flow | -2,417 | -2,379 | -1,934 | -1,694 | -1,618 | -1,387 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 788.56 | 550 | 241.9 | 48.72 | 142 |
Long-Term Debt Issued | - | 1,743 | 1,313 | 689.35 | 875.54 | 747 |
Total Debt Issued | 2,065 | 2,531 | 1,863 | 931.25 | 924.26 | 889 |
Short-Term Debt Repaid | - | -600 | -591.05 | - | - | -19 |
Long-Term Debt Repaid | - | -800 | -875 | -32.74 | -150 | - |
Total Debt Repaid | -1,118 | -1,400 | -1,466 | -32.74 | -150 | -19 |
Net Debt Issued (Repaid) | 946.05 | 1,131 | 397.18 | 898.51 | 774.26 | 870 |
Issuance of Common Stock | 75.19 | 84.61 | 341.43 | - | - | - |
Repurchase of Common Stock | -7.3 | - | - | -4.09 | -2.65 | -2.35 |
Common Dividends Paid | -436.36 | -422.79 | -394.66 | -386.49 | -378.88 | -369.48 |
Other Financing Activities | -9.34 | -216.79 | -21.26 | -21.26 | -21.26 | -21.26 |
Financing Cash Flow | 568.24 | 576.35 | 322.69 | 486.68 | 371.47 | 476.92 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -19.76 | 2.77 | -1.12 | 0.12 | -5.14 | -50 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -979.36 | -867.26 | -687.64 | -682.24 | -494.08 | -634.51 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -17.16% | -16.24% | -13.42% | -14.53% | -11.43% | -16.68% |
Free Cash Flow Per Share | -7.92 | -7.11 | -5.92 | -6.00 | -4.36 | -5.61 |
Levered Free Cash Flow | -997.65 | -601.88 | -220.41 | -269.57 | -493.91 | -602.66 |
Unlevered Free Cash Flow | -669.99 | -308.32 | 45.68 | -35.26 | -316.68 | -443.71 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 453.62 | 388.54 | 360.35 | 311 | 245.27 | 227.58 |
Cash Income Tax Paid | 28.7 | 22.75 | 133.97 | 8.79 | 46.23 | 0.23 |
Change in Working Capital | -0.4 | 91.08 | -80.74 | -172.36 | -13.55 | -372.15 |