PNW: the balance sheet

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For the year ending 2025-12-31, PNW has $30,031,599K in assets. $6,604K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
53.90%
Quick Ratio
53.90%
Cash Ratio
0.21%
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	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	6,604	3,838	4,955	4,832
Customer and other receivables	579,831	525,608	513,892	453,209
Accrued unbilled revenues (note 4)	173,692	176,903	167,553	164,764
Allowance for doubtful accounts (note 4)	25,495	24,849	22,433	23,778
Materials and supplies (at average cost)	546,329	469,022	444,344	410,481
Income tax receivable (note 5)	5,979	0	332	14,086
Fossil fuel (at average cost)	18,824	32,420	49,203	40,155
Assets from risk management activities (note 13)	3,250	10,578	6,808	87,835
Assets held for sale (note 20)	-	0	35,139	-
Deferred fuel and purchased power regulatory asset (note 8)	149,068	287,597	463,195	460,561
Other regulatory assets (note 8)	136,941	133,372	162,562	78,318
Other current assets	108,686	74,915	101,417	60,091
Total current assets	1,703,709	1,689,404	1,926,967	1,750,554
Nuclear decommissioning trusts (notes 17 and 18)	1,414,166	1,282,845	1,201,246	1,073,410
Other special use funds (notes 17 and 18)	434,827	408,357	362,781	347,231
Assets from risk management activities (note 13)	5,137	5,980	0	44,394
Other assets	144,997	115,095	102,845	125,672
Total investments and other assets	1,999,127	1,812,277	1,666,872	1,590,707
Plant in service and held for future use	27,370,296	25,860,950	24,211,167	22,452,146
Accumulated depreciation and amortization	9,012,021	9,027,426	8,408,040	7,929,878
Net	18,358,275	16,833,524	15,803,127	14,522,268
Construction work in progress	1,649,542	1,592,659	1,724,004	1,882,791
Palo verde sale leaseback, net of accumulated depreciation of 110,886 and 268,894 (note 12)	32,035	82,556	86,426	90,296
Intangible assets, net of accumulated amortization of 1,057,812 and 925,880	575,978	591,310	267,110	258,880
Nuclear fuel, net of accumulated amortization of 111,096 and 115,894	104,274	97,850	99,490	100,119
Total property, plant and equipment	20,720,104	19,197,899	17,980,157	16,854,354
Regulatory assets (notes 1, 5, 8 and 9)	1,463,357	1,389,489	1,390,279	1,283,221
Operating lease right-of-use assets (note 20)	3,649,669	1,605,463	1,309,975	801,688
Assets for other postretirement benefits (note 9)	399,334	342,102	323,438	396,599
Other	96,299	66,126	63,465	46,282
Total deferred debits	5,608,659	3,403,180	3,087,157	2,527,790
Total assets	30,031,599	26,102,760	24,661,153	22,723,405

Accounts payable	680,203	485,426	442,455	430,425
Accrued taxes	186,605	175,863	166,833	164,440
Accrued interest	105,637	81,799	72,916	61,217
Common dividends payable	110,022	106,592	99,813	97,895
Short-term borrowings (note 6)	757,005	568,450	609,500	340,720
Current maturities of long-term debt (note 6)	600,000	800,000	875,000	50,685
Customer deposits	63,776	44,345	42,037	41,769
Liabilities from risk management activities (note 13)	35,141	52,340	80,913	37,697
Liabilities for asset retirements (note 21)	71,698	50,009	28,550	12,232
Operating lease liabilities (note 20)	188,586	100,367	67,883	105,210
Regulatory liabilities (note 8)	210,909	206,955	209,923	271,575
Other current liabilities	151,444	171,651	193,524	148,276
Total current liabilities	3,161,026	2,843,797	2,889,347	1,762,141
Long-term debt less current maturities (note 7)	9,205,676	8,058,648	7,540,622	7,741,286
Liabilities from risk management activities (note 13)	1,495	9,446	42,975	-
Deferred income taxes (note 5)	2,470,932	2,444,473	2,416,480	2,384,421
Regulatory liabilities (notes 1, 5, 8 and 9)	1,736,121	1,855,278	1,965,865	2,061,776
Liabilities for pension benefits (note 9)	167,636	139,317	112,702	116,286
Liabilities for asset retirements (note 21)	1,198,601	1,096,577	937,451	785,530
Customer advances	632,169	569,343	533,580	422,103
Coal mine reclamation	159,587	171,483	184,007	179,255
Deferred investment tax credit	308,261	249,490	257,743	180,677
Unrecognized tax benefits	105,484	44,233	33,861	38,658
Operating lease liabilities (note 20)	3,548,365	1,520,877	1,210,189	639,247
Other	249,171	242,320	251,469	252,149
Total deferred credits and other	10,577,822	8,342,837	7,946,322	7,060,102
Common stock, no par value authorized 300,000,000 and 150,000,000 shares authorized at respective dates, 120,950,839 and 119,143,782 shares issued at respective dates	3,231,372	3,121,617	2,752,676	2,724,740
Treasury stock at cost 46,968 and 46,968 shares at respective dates	3,323	3,323	8,185	5,005
Total common stock	3,228,049	3,118,294	2,744,491	2,719,735
Retained earnings	3,850,817	3,666,959	3,466,317	3,360,347
Accumulated other comprehensive loss (note 19)	-32,408	-30,942	-33,144	-31,435
Total shareholder equity	7,046,458	6,754,311	6,177,664	6,048,647
Noncontrolling interests (note 12)	40,617	103,167	107,198	111,229
Total equity	7,087,075	6,857,478	6,284,862	6,159,876
Total liabilities and equity	30,031,599	26,102,760	24,661,153	22,723,405

Unit: Thousand (K) dollars (except for numbers of shares and EPS).

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Balance Sheets

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Balance Sheets