Pinnacle West Capital Corporation
PNW Utilities Utilities Regulated Electric
Pinnacle West Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 4.20% from fiscal 2024. In the quarter to June 2026, revenue grew 7.14%, EPS fell 8.70%, free cash flow grew 36.8% and total debt rose 10.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
6.60 | 3.84 | 4.96 | 4.83 | 9.97 | 59.97 | 10.28 | 5.77 | 13.89 | 8.88 |
Receivables |
734.01 | 677.66 | 659.34 | 608.28 | 508.06 | 432.78 | 408.15 | 400.99 | 415.07 | 359.15 |
Inventory |
565.15 | 501.44 | 493.55 | 450.64 | 367.17 | 334.30 | 345.92 | 294.09 | 289.27 | 282.59 |
Other current assets |
397.95 | 506.46 | 769.12 | 686.81 | 665.90 | 371.27 | 265.68 | 224.14 | 298.06 | 171.60 |
Total current assets |
1,703.71 | 1,689.40 | 1,926.97 | 1,750.55 | 1,551.10 | 1,198.32 | 1,030.03 | 924.99 | 1,016.29 | 822.22 |
Property, Plant, Equpment (Net) |
20,720.10 | 19,197.90 | 17,980.16 | 16,854.35 | 15,987.43 | 15,159.21 | 14,522.54 | 14,029.57 | 13,445.27 | 12,714.28 |
Long-term assets (Other) |
584.96 | 529.43 | 465.63 | 517.30 | 503.20 | 347.43 | 342.05 | 339.35 | 84.58 | 69.06 |
Total non-current assets |
24,678.22 | 22,807.89 | 21,424.21 | 20,171.16 | 19,562.06 | 18,317.04 | 17,303.40 | 16,739.21 | 16,002.79 | 15,182.04 |
Total Assets |
30,031.60 | 26,102.76 | 24,661.15 | 22,723.40 | 22,003.22 | 20,020.42 | 18,479.25 | 17,664.20 | 17,019.08 | 16,004.25 |
Accounts Payable |
680.20 | 485.43 | 442.46 | 430.43 | 393.08 | 318.59 | 346.45 | 277.34 | 256.44 | 264.63 |
Dividends Payable |
110.02 | 106.59 | 99.81 | 97.90 | 95.99 | 93.53 | 87.98 | 82.68 | 77.67 | 72.93 |
Accrued Expenses |
105.64 | 81.80 | 72.92 | 61.22 | 57.33 | 56.96 | 53.53 | 61.11 | 56.40 | 52.84 |
Current Part of Debt |
1,357.01 | 1,368.45 | 1,484.50 | 391.41 | 442.00 | 169.00 | 914.68 | 576.40 | 177.40 | 302.20 |
Current Part of Taxes to Pay |
186.61 | 175.86 | 166.83 | 164.44 | 168.65 | 159.55 | 144.90 | 154.82 | 148.95 | 138.96 |
Other current liabilities |
532.97 | 525.30 | 554.95 | 511.55 | 499.38 | 488.02 | 518.11 | 496.63 | 481.00 | 461.39 |
Total current liabilities |
3,161.03 | 2,843.80 | 2,889.35 | 1,762.14 | 1,756.87 | 1,360.43 | 2,078.37 | 1,648.96 | 1,197.85 | 1,292.95 |
Long Term Debt (Total) |
9,205.68 | 8,058.65 | 7,540.62 | 7,741.29 | 6,913.74 | 6,314.27 | 4,832.56 | 4,638.23 | 4,789.71 | 4,021.79 |
Non-current Revenue (Deferred) |
308.26 | 249.49 | 257.74 | 180.68 | 186.57 | 191.37 | 196.47 | 200.41 | 205.58 | 210.16 |
Pension and Post-Retirement Liabilities |
167.64 | 139.32 | 112.70 | 116.29 | 152.87 | 166.48 | 280.19 | 443.17 | 327.30 | 509.31 |
Long Term Tax Liability (Deferred) |
2,470.93 | 2,444.47 | 2,416.48 | 2,384.42 | 2,311.86 | 2,135.40 | 1,992.34 | 1,807.42 | 1,690.81 | 2,945.23 |
Non-current Liabilities (Other) |
4,082.63 | 3,988.68 | 3,949.21 | 3,739.47 | 3,931.46 | 3,738.33 | 3,494.27 | 3,577.31 | 3,672.11 | 2,088.91 |
Total non-current liabilities |
19,783.50 | 16,401.48 | 15,486.94 | 14,801.39 | 14,224.89 | 12,907.20 | 10,847.69 | 10,666.53 | 10,685.50 | 9,775.40 |
Total liabilities |
22,944.53 | 19,245.28 | 18,376.29 | 16,563.53 | 15,981.76 | 14,267.63 | 12,926.06 | 12,315.50 | 11,883.35 | 11,068.34 |
Common Stock (Net) |
3,231.37 | 3,121.62 | 2,752.68 | 2,724.74 | 2,702.74 | 2,677.48 | 2,659.56 | 2,634.27 | 2,614.81 | 2,596.03 |
Retained Earnings |
3,850.82 | 3,666.96 | 3,466.32 | 3,360.35 | 3,264.72 | 3,025.11 | 2,837.61 | 2,641.18 | 2,442.51 | 2,255.55 |
Treasury Stock |
3.32 | 3.32 | 8.19 | 5.01 | 6.40 | 6.29 | 9.43 | 4.83 | 5.62 | 4.13 |
Common Equity (Total) |
7,087.08 | 6,857.48 | 6,284.86 | 6,159.88 | 6,021.46 | 5,752.79 | 5,553.19 | 5,348.71 | 5,135.73 | 4,935.91 |
Shareholders Equity (Total) |
7,087.08 | 6,857.48 | 6,284.86 | 6,159.88 | 6,021.46 | 5,752.79 | 5,553.19 | 5,348.71 | 5,135.73 | 4,935.91 |
Shareholders Equity and Liabilities (Total) |
30,031.60 | 26,102.76 | 24,661.15 | 22,723.40 | 22,003.22 | 20,020.42 | 18,479.25 | 17,664.20 | 17,019.08 | 16,004.25 |
Shares (Common) |
120.90 | 119.10 | 113.42 | 113.17 | 112.93 | 112.69 | 112.44 | 112.10 | 111.82 | 111.34 |
Shareholders Equity (Tangible) |
7,087.07 | 6,857.48 | 6,284.86 | 6,159.88 | 6,021.46 | 5,752.79 | 5,553.19 | 5,348.70 | 5,135.73 | 4,935.91 |
Net Debt |
10,556.08 | 9,423.26 | 9,020.17 | 8,127.86 | 7,345.77 | 6,423.30 | 5,736.95 | 5,208.87 | 4,953.22 | 4,315.10 |
Total Debt |
10,562.68 | 9,427.10 | 9,025.12 | 8,132.69 | 7,355.74 | 6,483.27 | 5,747.23 | 5,214.63 | 4,967.11 | 4,323.99 |