
Pinnacle West Capital Corp
NYSE:PNW

Income Statement
Earnings Waterfall
Pinnacle West Capital Corp
Revenue
|
5.1B
USD
|
Operating Expenses
|
-4.1B
USD
|
Operating Income
|
1B
USD
|
Other Expenses
|
-403.3m
USD
|
Net Income
|
608.8m
USD
|
Income Statement
Pinnacle West Capital Corp
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 492
N/A
|
3 477
0%
|
3 461
0%
|
3 487
+1%
|
3 495
+0%
|
3 501
+0%
|
3 526
+1%
|
3 494
-1%
|
3 499
+0%
|
3 499
+0%
|
3 528
+1%
|
3 545
+0%
|
3 565
+1%
|
3 580
+0%
|
3 610
+1%
|
3 695
+2%
|
3 691
0%
|
3 739
+1%
|
3 634
-3%
|
3 557
-2%
|
3 471
-2%
|
3 393
-2%
|
3 453
+2%
|
3 516
+2%
|
3 587
+2%
|
3 622
+1%
|
3 692
+2%
|
3 746
+1%
|
3 804
+2%
|
3 891
+2%
|
3 952
+2%
|
4 114
+4%
|
4 324
+5%
|
4 486
+4%
|
4 546
+1%
|
4 714
+4%
|
4 696
0%
|
4 703
+0%
|
4 890
+4%
|
5 021
+3%
|
5 125
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 614)
|
(2 544)
|
(2 556)
|
(2 532)
|
(2 532)
|
(2 569)
|
(2 644)
|
(2 622)
|
(2 668)
|
(2 735)
|
(2 644)
|
(2 681)
|
(2 568)
|
(2 648)
|
(2 731)
|
(2 852)
|
(2 931)
|
(2 992)
|
(2 979)
|
(2 956)
|
(2 884)
|
(2 803)
|
(2 753)
|
(2 747)
|
(2 799)
|
(2 804)
|
(2 880)
|
(2 960)
|
(2 999)
|
(3 079)
|
(3 195)
|
(3 369)
|
(3 592)
|
(3 758)
|
(3 858)
|
(3 927)
|
(3 871)
|
(3 862)
|
(3 919)
|
(4 019)
|
(4 113)
|
|
Depreciation & Amortization |
(418)
|
(437)
|
(454)
|
(476)
|
(494)
|
(493)
|
(493)
|
(488)
|
(486)
|
(494)
|
(497)
|
(510)
|
(534)
|
(551)
|
(571)
|
(583)
|
(582)
|
(586)
|
(588)
|
(592)
|
(591)
|
(596)
|
(602)
|
(605)
|
(614)
|
(618)
|
(624)
|
(635)
|
(651)
|
(680)
|
(707)
|
(734)
|
(753)
|
(758)
|
(767)
|
(780)
|
(794)
|
(812)
|
(842)
|
(868)
|
(895)
|
|
Operations Maintenance |
(908)
|
(910)
|
(910)
|
(907)
|
(868)
|
(897)
|
(928)
|
(925)
|
(911)
|
(894)
|
(873)
|
(886)
|
(949)
|
(989)
|
(1 036)
|
(1 052)
|
(1 037)
|
(1 017)
|
(976)
|
(968)
|
(942)
|
(917)
|
(909)
|
(908)
|
(959)
|
(968)
|
(978)
|
(973)
|
(954)
|
(942)
|
(958)
|
(977)
|
(987)
|
(1 019)
|
(1 051)
|
(1 049)
|
(1 059)
|
(1 066)
|
(1 061)
|
(1 119)
|
(1 165)
|
|
Purchased Fuel Power Gas |
(1 114)
|
(1 024)
|
(1 020)
|
(975)
|
(992)
|
(1 004)
|
(1 048)
|
(1 036)
|
(1 101)
|
(1 176)
|
(1 100)
|
(1 104)
|
(893)
|
(907)
|
(908)
|
(998)
|
(1 089)
|
(1 165)
|
(1 196)
|
(1 175)
|
(1 127)
|
(1 063)
|
(1 015)
|
(995)
|
(993)
|
(981)
|
(1 008)
|
(1 082)
|
(1 153)
|
(1 220)
|
(1 302)
|
(1 431)
|
(1 629)
|
(1 759)
|
(1 814)
|
(1 872)
|
(1 793)
|
(1 756)
|
(1 785)
|
(1 802)
|
(1 823)
|
|
Other Operating Expenses |
(175)
|
(173)
|
(172)
|
(174)
|
(177)
|
(175)
|
(175)
|
(173)
|
(170)
|
(171)
|
(174)
|
(181)
|
(191)
|
(201)
|
(216)
|
(219)
|
(222)
|
(224)
|
(219)
|
(221)
|
(225)
|
(227)
|
(228)
|
(240)
|
(232)
|
(237)
|
(270)
|
(269)
|
(241)
|
(237)
|
(228)
|
(226)
|
(223)
|
(222)
|
(226)
|
(225)
|
(226)
|
(227)
|
(230)
|
(229)
|
(230)
|
|
Operating Income |
878
N/A
|
933
+6%
|
905
-3%
|
956
+6%
|
964
+1%
|
932
-3%
|
882
-5%
|
872
-1%
|
830
-5%
|
764
-8%
|
885
+16%
|
864
-2%
|
998
+15%
|
932
-7%
|
879
-6%
|
843
-4%
|
761
-10%
|
747
-2%
|
655
-12%
|
601
-8%
|
587
-2%
|
589
+0%
|
699
+19%
|
769
+10%
|
788
+2%
|
817
+4%
|
812
-1%
|
786
-3%
|
805
+2%
|
812
+1%
|
757
-7%
|
745
-2%
|
732
-2%
|
728
-1%
|
688
-5%
|
787
+14%
|
825
+5%
|
841
+2%
|
971
+16%
|
1 002
+3%
|
1 012
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(221)
|
(278)
|
(267)
|
(295)
|
(254)
|
(240)
|
(192)
|
(175)
|
(119)
|
(38)
|
(95)
|
(65)
|
(239)
|
(209)
|
(210)
|
(205)
|
(145)
|
(108)
|
(65)
|
(46)
|
(92)
|
(118)
|
(163)
|
(181)
|
(181)
|
(205)
|
(186)
|
(186)
|
(186)
|
(190)
|
(193)
|
(200)
|
(223)
|
(229)
|
(242)
|
(256)
|
(254)
|
(269)
|
(290)
|
(305)
|
(316)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
6
|
29
|
29
|
23
|
23
|
|
Total Other Income |
(12)
|
(13)
|
(17)
|
(21)
|
(16)
|
(16)
|
(16)
|
(16)
|
(14)
|
(7)
|
(2)
|
5
|
8
|
17
|
26
|
37
|
49
|
43
|
43
|
44
|
47
|
60
|
69
|
75
|
41
|
58
|
70
|
84
|
127
|
113
|
101
|
87
|
67
|
53
|
38
|
23
|
19
|
17
|
22
|
26
|
17
|
|
Pre-Tax Income |
644
N/A
|
642
0%
|
621
-3%
|
640
+3%
|
694
+8%
|
676
-3%
|
673
0%
|
681
+1%
|
698
+2%
|
719
+3%
|
788
+10%
|
804
+2%
|
766
-5%
|
741
-3%
|
695
-6%
|
674
-3%
|
664
-1%
|
683
+3%
|
633
-7%
|
599
-5%
|
542
-10%
|
532
-2%
|
605
+14%
|
663
+10%
|
648
-2%
|
670
+3%
|
696
+4%
|
684
-2%
|
746
+9%
|
735
-1%
|
665
-10%
|
632
-5%
|
576
-9%
|
552
-4%
|
484
-12%
|
560
+16%
|
596
+6%
|
619
+4%
|
732
+18%
|
746
+2%
|
737
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(221)
|
(222)
|
(215)
|
(220)
|
(238)
|
(232)
|
(230)
|
(232)
|
(236)
|
(239)
|
(262)
|
(265)
|
(249)
|
(243)
|
(198)
|
(138)
|
(141)
|
(144)
|
(117)
|
(86)
|
(108)
|
(86)
|
(110)
|
(134)
|
(129)
|
(145)
|
(150)
|
(145)
|
(147)
|
(155)
|
(135)
|
(116)
|
(111)
|
(108)
|
(97)
|
(102)
|
(113)
|
(80)
|
(96)
|
(113)
|
(147)
|
|
Income from Continuing Operations |
424
|
420
|
406
|
420
|
456
|
445
|
444
|
449
|
462
|
480
|
527
|
540
|
517
|
497
|
497
|
536
|
524
|
539
|
516
|
513
|
434
|
446
|
495
|
529
|
520
|
525
|
546
|
539
|
599
|
580
|
529
|
516
|
465
|
444
|
387
|
459
|
482
|
539
|
636
|
633
|
589
|
|
Income to Minority Interest |
(26)
|
(22)
|
(17)
|
(18)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(18)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
|
Net Income (Common) |
398
N/A
|
398
+0%
|
388
-2%
|
402
+3%
|
437
+9%
|
426
-3%
|
424
0%
|
430
+1%
|
442
+3%
|
461
+4%
|
507
+10%
|
520
+3%
|
489
-6%
|
468
-4%
|
468
0%
|
507
+8%
|
511
+1%
|
526
+3%
|
503
-4%
|
500
-1%
|
538
+8%
|
550
+2%
|
600
+9%
|
634
+6%
|
551
-13%
|
556
+1%
|
578
+4%
|
572
-1%
|
619
+8%
|
600
-3%
|
549
-9%
|
535
-2%
|
484
-10%
|
463
-4%
|
406
-12%
|
478
+18%
|
502
+5%
|
522
+4%
|
619
+19%
|
616
-1%
|
609
-1%
|
|
EPS (Diluted) |
3.55
N/A
|
3.58
+1%
|
3.49
-3%
|
3.59
+3%
|
3.92
+9%
|
3.8
-3%
|
3.78
-1%
|
3.83
+1%
|
3.95
+3%
|
4.11
+4%
|
4.52
+10%
|
4.63
+2%
|
4.34
-6%
|
4.16
-4%
|
4.15
0%
|
4.5
+8%
|
4.53
+1%
|
4.66
+3%
|
4.46
-4%
|
4.44
0%
|
4.77
+7%
|
4.87
+2%
|
5.31
+9%
|
5.61
+6%
|
4.87
-13%
|
4.91
+1%
|
5.1
+4%
|
5.04
-1%
|
5.46
+8%
|
5.29
-3%
|
4.83
-9%
|
4.71
-2%
|
4.26
-10%
|
4.08
-4%
|
3.56
-13%
|
4.19
+18%
|
4.4
+5%
|
4.58
+4%
|
5.34
+17%
|
5.25
-2%
|
5.23
0%
|