Pinnacle West Capital Corporation (PNW) — Financial statements
Income statement, balance sheet, and cash flow for Pinnacle West Capital Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,340↑4.2% | 5,125↑9.1% | 4,696↑8.6% | 4,324↑13.7% | 3,804 | |
| Cost of Revenue | 3,983↑33.3% | 2,988↑4.8% | 2,851↑9.0% | 2,616↑24.2% | 2,107 | |
| Gross Profit | 1,357↓36.5% | 2,137↑15.9% | 1,845↑8.0% | 1,708↑0.6% | 1,697 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 238↓78.8% | 1,125↑10.3% | 1,020↑4.5% | 976↑9.4% | 892 | |
| Operating Expenses | 238↓78.8% | 1,125↑10.3% | 1,020↑4.5% | 976↑9.4% | 892 | |
| Total Costs & Expenses | 4,222↑2.6% | 4,113↑6.2% | 3,871↑7.8% | 3,592↑19.8% | 2,999 | |
| Operating Results | ||||||
| Operating Income | 1,118↑10.5% | 1,012↑22.7% | 825↑12.7% | 732↓9.1% | 805 | |
| Depreciation & Amortization | 970↑1.4% | 956↑11.9% | 854↑4.4% | 818↑13.7% | 719 | |
| EBITDA | 2,130↑2.9% | 2,070↑16.2% | 1,781↑8.0% | 1,649↓2.9% | 1,698 | |
| EBIT | 1,160↑4.2% | 1,114↑20.2% | 927↑11.5% | 831↓15.1% | 979 | |
| Interest & Other Income | ||||||
| Net Interest Income | -404↓14.4% | -353↓16.1% | -304↓22.5% | -248↓9.6% | -227 | |
| Interest Income | 18↓25.8% | 24↓10.7% | 27↑271.9% | 7↑8.9% | 7 | |
| Interest Expense | 422↑11.8% | 377↑13.9% | 331↑29.7% | 256↑9.6% | 233 | |
| Non-Operating Income | -42↑58.7% | -102↑0.4% | -102↓3.1% | -99↑42.9% | -174 | |
| Other Income / Expenses | -380↓37.9% | -276↓20.3% | -229↓46.5% | -156↓163.6% | -59 | |
| Income Before Tax | 738↑0.2% | 737↑23.6% | 596↑3.5% | 576↓22.8% | 746 | |
| Income Tax Expense | 107↓3.4% | 111↑43.7% | 77↑2.8% | 75↓32.0% | 110 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 632↑0.9% | 626↑20.7% | 519↑3.6% | 501↓21.2% | 636 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 617↑1.3% | 609↑21.4% | 502↑3.7% | 484↓21.8% | 619 | |
| Bottom-Line Net Income | 617↑1.3% | 609↑21.4% | 502↑3.7% | 484↓21.8% | 619 | |
| EPS (Basic) | 5.15↓3.7% | 5.35↑21.0% | 4.42↑3.5% | 4.27↓22.1% | 5.48 | |
| EPS (Diluted) | 5.05↓3.6% | 5.24↑18.8% | 4.41↑3.5% | 4.26↓22.1% | 5.47 | |
| Weighted Average Shares | 120↑5.1% | 114↑0.4% | 113↑0.2% | 113↑0.3% | 113 | |
| Weighted Average Diluted Shares | 122↑4.9% | 116↑2.1% | 114↑0.3% | 113↑0.2% | 113 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.