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Pinnacle West Capital Corp (PNW)

Pinnacle West Capital Corp (PNW)
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Pinnacle West Capital Corporation provides electricity services (wholesale or retail) in the state of Arizona through its subsidiaries. The company is involved in the generation, transmission and distribution of electricity from coal, nuclear, gas, oil and solar. The company's only reportable segment is Regulated Electricity. The company derives 100% of its earnings from this segment. The Regulated Electricity segment consists of traditional regulated retail and wholesale electricity businesses and related activities. It includes electricity generation, transmission and distribution.Through its wholly owned subsidiary, Arizona Public Service Company (APS), Pinnacle West transmits and distributes electricity to residential, commercial and industrial customers. Excluding half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona, APS provides electric service to most of the counties in Arizona. The company derives the majority of its revenues from APS.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Sales 4,695,990 4,324,390 3,803,840 3,586,980 3,471,210
Sales Growth +8.59% +13.68% +6.05% +3.34% -5.96%
Net Income 501,560 483,600 618,720 550,560 538,320
Net Income Growth +3.71% -21.84% +12.38% +2.27% +5.34%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Total Assets 24,661,150 22,723,400 22,003,221 20,020,420 18,479,250
Total Assets Growth +8.53% +3.27% +9.90% +8.34% +4.61%
Total Liabilities 18,376,289 16,563,529 15,981,760 14,267,630 12,926,060
Total Liabilities Growth +10.94% +3.64% +12.01% +10.38% +4.96%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Operating Cash Flow 1,207,700 1,241,440 860,010 966,370 956,730
Operating Cash Flow Growth -2.72% +44.35% -11.01% +1.01% -25.09%
Net Cash Flow 120 -5,140 -50,000 49,690 4,520
Change in Net Cash Flow +102.33% +89.72% -200.62% +999.34% +155.60%
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