PNW: the balance sheet

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For the quarter ending 2026-03-31, PNW has $30,690,627K in assets. $6,409K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
59.91%
Quick Ratio
59.91%
Cash Ratio
0.24%
Unit: Thousand (K) dollars
Assets Breakdown
Total property, plant and equipm...
Total deferred debits
Total investments and other asse...
Total current assets
Liabilities Breakdown
Total deferred credits and other
Long-term debt less current matu...
Total equity
Total current liabilities

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	6,409	6,604	30,885	18,841
Customer and other receivables	503,844	579,831	778,097	569,656
Accrued unbilled revenues (note 4)	208,583	173,692	257,874	272,327
Allowance for doubtful accounts (note 4)	24,626	25,495	21,867	17,449
Materials and supplies (at average cost)	543,198	546,329	519,178	509,269
Income tax receivable	8,416	5,979	-	-
Fossil fuel (at average cost)	19,955	18,824	19,515	17,670
Assets from risk management activities (note 10)	388	3,250	6,636	10,903
Deferred fuel and purchased power regulatory asset (note 7)	55,432	149,068	205,053	182,412
Other regulatory assets (note 7)	141,297	136,941	130,572	121,436
Other current assets	151,984	108,686	74,712	102,843
Total current assets	1,614,880	1,703,709	2,000,655	1,787,908
Nuclear decommissioning trusts (notes 14 and 15)	1,392,817	1,414,166	1,393,446	1,337,858
Other special use funds (notes 14 and 15)	437,745	434,827	429,932	423,332
Assets from risk management activities (note 10)	466	5,137	15,600	34,203
Other assets	159,288	144,997	138,383	140,619
Total investments and other assets	1,990,316	1,999,127	1,977,361	1,936,012
Plant in service and held for future use	27,616,435	27,370,296	26,268,660	25,895,037
Accumulated depreciation and amortization	9,146,511	9,012,021	8,952,278	8,690,747
Net	18,469,924	18,358,275	17,316,382	17,204,290
Construction work in progress	1,888,288	1,649,542	2,323,115	2,087,779
Palo verde sale leaseback, net of accumulated depreciation (note 9)	31,641	32,035	32,416	80,622
Intangible assets, net of accumulated amortization	539,939	575,978	544,356	569,047
Nuclear fuel, net of accumulated amortization	116,743	104,274	115,097	120,267
Total property, plant and equipment	21,046,535	20,720,104	20,331,366	20,062,005
Regulatory assets (note 7)	1,454,210	1,463,357	1,471,310	1,357,382
Operating lease right-of-use assets (note 17)	4,060,364	3,649,669	3,652,128	3,638,906
Assets for other postretirement benefits (note 8)	411,088	399,334	376,338	364,229
Other	113,234	96,299	83,747	88,739
Total deferred debits	6,038,896	5,608,659	5,583,523	5,449,256
Total assets	30,690,627	30,031,599	29,892,905	29,235,181

Accounts payable	601,648	680,203	536,924	668,664
Accrued taxes	240,006	186,605	348,376	205,460
Accrued interest	100,454	105,637	99,233	84,760
Common dividends payable	0	110,022	0	106,869
Short-term borrowings (note 6)	594,100	757,005	675,700	1,405,000
Current maturities of long-term debt (note 6)	600,000	600,000	600,000	350,000
Customer deposits	78,234	63,776	61,716	53,272
Liabilities from risk management activities (note 10)	55,918	35,141	39,078	25,692
Liabilities for asset retirements	57,428	71,698	59,800	41,226
Operating lease liabilities (note 17)	136,417	188,586	203,740	191,628
Regulatory liabilities (note 7)	117,241	210,909	194,094	182,458
Other current liabilities	114,274	151,444	146,818	112,213
Total current liabilities	2,695,720	3,161,026	2,965,479	3,427,242
Long-term debt less current maturities (note 6)	9,801,675	9,205,676	9,204,259	8,507,002
Liabilities from risk management activities (note 10)	5,719	1,495	0	7,144
Deferred income taxes	2,479,565	2,470,932	2,491,779	2,465,821
Regulatory liabilities (note 7)	1,751,277	1,736,121	1,769,900	1,912,279
Liabilities for pension benefits (note 8)	170,295	167,636	150,086	147,929
Liabilities for asset retirements	1,229,369	1,198,601	1,158,979	1,123,521
Customer advances	618,106	632,169	661,274	580,656
Coal mine reclamation	161,686	159,587	157,593	155,600
Deferred investment tax credit	307,171	308,261	239,470	246,189
Unrecognized tax benefits	106,924	105,484	87,245	45,815
Operating lease liabilities (note 17)	4,011,094	3,548,365	3,562,895	3,550,894
Other	241,058	249,171	232,853	237,149
Total deferred credits and other	11,082,264	10,577,822	10,512,074	10,472,997
Common stock, no par value 300,000,000 shares authorized, 121,233,629 and 120,950,839 shares issued at respective dates	3,219,691	3,231,372	3,147,069	3,119,404
Treasury stock at cost 46,968 and 46,968 shares at respective dates	3,323	3,323	3,323	3,323
Total common stock	3,216,368	3,228,049	3,143,746	3,116,081
Retained earnings	3,883,738	3,850,817	4,054,355	3,641,148
Accumulated other comprehensive loss (note 16)	-31,949	-32,408	-30,091	-30,441
Total shareholder equity	7,068,157	7,046,458	7,168,010	6,726,788
Noncontrolling interests (note 9)	42,811	40,617	43,083	101,152
Total equity	7,110,968	7,087,075	7,211,093	6,827,940
Total liabilities and equity	30,690,627	30,031,599	29,892,905	29,235,181

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets

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Balance Sheets