For the quarter ending 2026-03-31, PNW had -$195K decrease in cash & cash equivalents over the period. -$393,065K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 35,114 | 17,597 | 417,514 | 196,870 |
| Gain on sale relating to bce | - | 0 | 0 | 0 |
| Depreciation and amortization including nuclear fuel | 259,841 | 237,972 | 239,418 | 241,574 |
| Allowance for equity funds used during construction | 14,782 | 15,459 | 17,671 | 14,767 |
| Deferred income taxes | 3,245 | -41,221 | -11,068 | 644 |
| Deferred investment tax credit | -1,090 | 68,791 | -6,718 | -3,337 |
| Change in derivative instruments fair value | - | 0 | - | - |
| Stock compensation | 8,252 | 6,205 | 8,896 | 5,196 |
| Customer and other receivables | -79,215 | -201,940 | 205,628 | 141,387 |
| Accrued unbilled revenues | 34,891 | -84,182 | -14,453 | 95,558 |
| Materials, supplies and fossil fuel | -2,000 | 26,460 | 11,754 | 22,727 |
| Income tax receivable | 2,437 | 5,979 | 0 | 0 |
| Deferred fuel and purchased power | -26,521 | -48,155 | -180,477 | -70,622 |
| Deferred fuel and purchased power amortization | 120,157 | 104,140 | 157,836 | 116,246 |
| Other current assets | 23,346 | 37,188 | -36,048 | 26,843 |
| Accounts payable | -79,111 | 90,328 | -47,160 | 71,960 |
| Accrued taxes | 53,401 | -161,771 | 142,916 | -26,923 |
| Other current liabilities | -41,432 | -4,749 | 22,281 | 42,573 |
| Change in unrecognized tax benefits | - | 81,090 | - | - |
| Change in long-term regulatory assets | -2,611 | -19,323 | -33,058 | -21,378 |
| Change in long-term regulatory liabilities | -58,507 | -8,962 | 1,307 | 32,827 |
| Change in other long-term assets | 17,201 | 61,255 | 81,748 | 95,091 |
| Change in operating lease assets | 5,826 | -20,250 | 7,167 | -134,550 |
| Change in other long-term liabilities | -27,917 | -14,314 | 209,887 | -16,212 |
| Change in operating lease liabilities | 4,521 | -29,525 | -49,234 | -88,920 |
| Net cash provided by operating activities | 235,296 | 476,780 | 664,989 | 261,431 |
| Capital expenditures | 628,361 | 669,516 | 623,034 | 709,516 |
| Contributions in aid of construction | 90,226 | 140,182 | 58,482 | 56,472 |
| Proceeds from sale relating to bce | - | 0 | 0 | 0 |
| Allowance for borrowed funds used during construction | -9,863 | -12,093 | -13,979 | -11,559 |
| Proceeds from nuclear decommissioning trusts sales and other special use funds | 512,234 | 480,041 | 455,515 | 433,830 |
| Investment in nuclear decommissioning trusts and other special use funds | 513,001 | 480,612 | 457,594 | 434,400 |
| Other | 2,783 | 3,562 | -828 | 2,044 |
| Net cash used for investing activities | -551,548 | -545,560 | -579,782 | -667,217 |
| Issuance of long-term debt | 594,840 | 0 | 947,350 | 795,404 |
| Repayment of long-term debt | - | 0 | 0 | 800,000 |
| Short-term borrowings and (repayments), net | -162,905 | 106,305 | -329,299 | 134,802 |
| Short-term debt borrowings under term loan facility | - | 175,000 | 0 | 400,000 |
| Short-term debt repayments under term loan facility | - | 200,000 | 400,000 | 0 |
| Dividends paid on common stock | 108,462 | 107,329 | 105,313 | 105,216 |
| Common stock equity issuance and (purchases) - net | - | - | 15,585 | 215 |
| Common stock equity issuance and (purchases), net | -7,415 | 84,613 | - | - |
| Palo verde sale leaseback noncontrolling interest acquisition | - | 0 | 198,744 | - |
| Capital activities by noncontrolling interests | - | 4,671 | 2,742 | 10,628 |
| Other | -1 | - | - | - |
| Net cash provided by financing activities | 316,057 | 44,499 | -73,163 | 414,580 |
| Net increase (decrease) in cash and cash equivalents | -195 | -24,281 | 12,044 | 8,794 |
| Cash and cash equivalents at beginning of period | 6,604 | 30,885 | 18,841 | 10,047 |
| Cash and cash equivalents at end of period | 6,409 | 6,604 | 30,885 | 18,841 |
PINNACLE WEST CAPITAL CORP (PNW)
PINNACLE WEST CAPITAL CORP (PNW)