Pinnacle West Capital Corp

Common Name

Pinnacle West Capital

Country

United States

Sector

Utilities

Industry

Utilities - Regulated Electric

Employees

6,403

Ticker

PNW

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.pinnaclewest.com

Description

Pinnacle West Capital Corporation is a prominent utility holding company based in Phoenix, Arizona. Its primary function is to provide regulated electricity services through its principal subsidiary, ... Show more

Income Statement Balance Sheet

Financial Statements of Pinnacle West Capital

Below are the financial statements of Pinnacle West Capital, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

All figures in millions of USD	2024 as of 2024-12-31	2023 as of 2023-12-31
Assets	—	—
Current assets	—	—
Cash and cash equivalents	3.84^a	4.96^a
Customer and other receivables	525.61^a	513.89^a
Accrued unbilled revenues	176.9^a	167.55^a
Allowance for doubtful accounts	-24.85^a	-22.43^a
Materials and supplies (at average cost)	469.02^a	444.34^a
Income tax receivable	0^a	0.33^a
Fossil fuel (at average cost)	32.42^a	49.2^a
Assets from risk management activities	10.58^a	6.81^a
Assets held for sale	0^a	35.14^a
Deferred fuel and purchased power regulatory asset	287.6^a	463.2^a
Other regulatory assets	133.37^a	162.56^a
Other current assets	74.92^a	101.42^a
Total current assets	1,689.4^a	1,926.97^a
Investments and other assets	—	—
Nuclear decommissioning trusts	1,282.85^a	1,201.25^a
Other special use funds	408.36^a	362.78^a
Assets from risk management activities	5.98^a	0^a
Other assets	115.1^a	102.85^a
Total investments and other assets	1,812.28^a	1,666.87^a
Property, plant and equipment	—	—
Plant in service and held for future use	25,860.95^a	24,211.17^a
Accumulated depreciation and amortization	-9,027.43^a	-8,408.04^a
Net	16,833.52^a	15,803.13^a
Construction work in progress	1,592.66^a	1,724^a
Palo Verde sale leaseback, net of accumulated depreciation of $268,894 and $264,624	82.56^a	86.43^a
Intangible assets, net of accumulated amortization of $925,880 and $885,505	591.31^a	267.11^a
Nuclear fuel, net of accumulated amortization of $115,894 and $118,074	97.85^a	99.49^a
Total property, plant and equipment	19,197.9^a	17,980.16^a
Deferred debits	—	—
Regulatory assets	1,389.49^a	1,390.28^a
Operating lease right-of-use assets	1,605.46^a	1,309.98^a
Assets for pension and other postretirement benefits	342.1^a	323.44^a
Other	66.13^a	63.47^a
Total deferred debits	3,403.18^a	3,087.16^a
Total assets	26,102.76^a	24,661.15^a
Liabilities and equity	—	—
Current liabilities	—	—
Accounts payable	485.43^a	442.46^a
Accrued taxes	175.86^a	166.83^a
Accrued interest	81.8^a	72.92^a
Common dividends payable	106.59^a	99.81^a
Short-term borrowings	568.45^a	609.5^a
Current maturities of long-term debt	800^a	875^a
Customer deposits	44.35^a	42.04^a
Liabilities from risk management activities	52.34^a	80.91^a
Liabilities for asset retirements	50.01^a	28.55^a
Operating lease liabilities	100.37^a	67.88^a
Regulatory liabilities	206.96^a	209.92^a
Other current liabilities	171.65^a	193.52^a
Total current liabilities	2,843.8^a	2,889.35^a
Long-term debt less current maturities	8,058.65^a	7,540.62^a
Deferred credits and other	—	—
Deferred income taxes	2,444.47^a	2,416.48^a
Regulatory liabilities	1,855.28^a	1,965.87^a
Liabilities for asset retirements	1,096.58^a	937.45^a
Liabilities for pension benefits	139.32^a	112.7^a
Liabilities from risk management activities	9.45^a	42.98^a
Customer advances	569.34^a	533.58^a
Coal mine reclamation	171.48^a	184.01^a
Deferred investment tax credit	249.49^a	257.74^a
Unrecognized tax benefits	44.23^a	33.86^a
Operating lease liabilities	1,520.88^a	1,210.19^a
Other	242.32^a	251.47^a
Total deferred credits and other	8,342.84^a	7,946.32^a
Equity	—	—
Common stock	3,121.62^a	2,752.68^a
Treasury stock	-3.32^a	-8.19^a
Total common stock	3,118.29^a	2,744.49^a
Retained earnings	3,666.96^a	3,466.32^a
Accumulated other comprehensive loss	-30.94^a	-33.14^a
Total shareholders’ equity	6,754.31^a	6,177.66^a
Noncontrolling interests	103.17^a	107.2^a
Total equity	6,857.48^a	6,284.86^a
Total liabilities and equity	26,102.76^a	24,661.15^a

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Verified Sources Behind Pinnacle West Capital’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Pinnacle West Capital’s data sources below and access millions more through our Disclosure Search.

a. Pinnacle West Capital's 10-K 2024

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Financial Statements of Pinnacle West Capital

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