Pinnacle West (PNW) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
5.1B
Gross Profit
2.1B
41.70%
Operating Income
1.0B
19.75%
Net Income
626.0M
12.22%
EPS (Diluted)
$5.24
Balance Sheet Metrics
Total Assets
26.1B
Total Liabilities
19.2B
Shareholders Equity
6.9B
Debt to Equity
2.81
Cash Flow Metrics
Operating Cash Flow
1.6B
Free Cash Flow
-639.4M
Revenue & Profitability Trend
Pinnacle West Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 5.1B | 4.7B | 4.3B | 3.8B | 3.6B |
| Cost of Goods Sold | 3.0B | 2.9B | 2.6B | 2.1B | 2.0B |
| Gross Profit | 2.1B | 1.8B | 1.7B | 1.7B | 1.6B |
| Operating Expenses | 2.4M | 1.9M | 2.5M | 6.4M | 7.3M |
| Operating Income | 1.0B | 824.6M | 731.9M | 805.3M | 788.2M |
| Pre-tax Income | 736.6M | 595.7M | 575.7M | 746.0M | 648.2M |
| Income Tax | 110.5M | 76.9M | 74.8M | 110.1M | 78.2M |
| Net Income | 626.0M | 518.8M | 500.8M | 635.9M | 570.1M |
| EPS (Diluted) | $5.24 | $4.41 | $4.26 | $5.47 | $4.87 |
Income Statement Trend
Pinnacle West Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 1.7B | 1.9B | 1.8B | 1.6B | 1.2B |
| Non-Current Assets | 24.4B | 22.7B | 21.0B | 20.5B | 18.8B |
| Total Assets | 26.1B | 24.7B | 22.7B | 22.0B | 20.0B |
| Liabilities | |||||
| Current Liabilities | 2.8B | 2.9B | 1.8B | 1.8B | 1.4B |
| Non-Current Liabilities | 16.4B | 15.5B | 14.8B | 14.2B | 12.9B |
| Total Liabilities | 19.2B | 18.4B | 16.6B | 16.0B | 14.3B |
| Equity | |||||
| Total Shareholders Equity | 6.9B | 6.3B | 6.2B | 6.0B | 5.8B |
Balance Sheet Composition
Pinnacle West Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 626.0M | 518.8M | 500.8M | 635.9M | 570.1M |
| Operating Cash Flow | 1.6B | 1.2B | 1.2B | 850.9M | 951.7M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | 315.6M | 152.1M | 89.4M | 86.5M | 48.8M |
| Financing Activities | |||||
| Dividends Paid | -394.7M | -386.5M | -378.9M | -369.5M | -350.6M |
| Financing Cash Flow | -609.8M | 490.8M | 374.1M | 460.3M | -408.2M |
| Free Cash Flow | -639.4M | -638.7M | -466.0M | -613.5M | -360.2M |
Cash Flow Trend
Pinnacle West Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
17.75
Forward P/E
19.16
Price to Book
1.59
Price to Sales
2.06
PEG Ratio
19.16
Profitability Ratios
Profit Margin
11.28%
Operating Margin
5.83%
Return on Equity
9.19%
Return on Assets
2.50%
Financial Health
Current Ratio
0.50
Debt to Equity
177.22
Beta
0.43
Per Share Data
EPS (TTM)
$5.05
Book Value per Share
$56.44
Revenue per Share
$45.13
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| pnw | 10.7B | 17.75 | 1.59 | 9.19% | 11.28% | 177.22 |
| NextEra Energy | 145.6B | 26.49 | 2.92 | 7.06% | 21.81% | 148.56 |
| Southern Company | 99.8B | 21.74 | 2.94 | 12.24% | 16.54% | 188.38 |
| Duke Energy | 90.9B | 19.43 | 1.83 | 9.48% | 15.62% | 168.90 |
| American Electric | 55.2B | 19.94 | 2.02 | 10.42% | 13.71% | 171.50 |
| Dominion Energy | 47.7B | 21.58 | 1.81 | 7.72% | 15.63% | 145.20 |
Financial data is updated regularly. All figures are in the company's reporting currency.