For the quarter ending 2025-09-30, PNW had $12,044K increase in cash & cash equivalents over the period. $41,955K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 417,514 | 196,870 | -338 | -2,521 |
| Gain on sale relating to bce | 0 | 0 | 0 | 0 |
| Depreciation and amortization including nuclear fuel | 239,418 | 241,574 | 250,651 | 244,597 |
| Allowance for equity funds used during construction | 17,671 | 14,767 | 13,249 | 9,830 |
| Deferred income taxes | -11,068 | 644 | 795 | -7,572 |
| Deferred investment tax credit | -6,718 | -3,337 | 36 | 2,034 |
| Change in derivative instruments fair value | - | - | - | 0 |
| Stock compensation | 8,896 | 5,196 | 7,160 | 6,592 |
| Customer and other receivables | 205,628 | 141,387 | -93,800 | -318,171 |
| Accrued unbilled revenues | -14,453 | 95,558 | -134 | -84,938 |
| Materials, supplies and fossil fuel | 11,754 | 22,727 | 2,770 | -26,598 |
| Income tax receivable | 0 | 0 | 0 | 0 |
| Deferred fuel and purchased power | -180,477 | -70,622 | -25,228 | -6,179 |
| Deferred fuel and purchased power amortization | 157,836 | 116,246 | 84,789 | 85,856 |
| Other current assets | -36,048 | 26,843 | 15,008 | 24,163 |
| Accounts payable | -47,160 | 71,960 | 56,010 | -32,172 |
| Accrued taxes | 142,916 | -26,923 | 56,520 | -165,777 |
| Other current liabilities | 22,281 | 42,573 | -41,391 | -26,848 |
| Change in long-term regulatory assets | -33,058 | -21,378 | -17,614 | -11,173 |
| Change in long-term regulatory liabilities | 1,307 | 32,827 | 12,033 | -34,032 |
| Change in other long-term assets | 81,748 | 95,091 | 45,413 | 6,184 |
| Change in operating lease assets | 7,167 | -134,550 | -3,889 | -3,446 |
| Change in other long-term liabilities | 209,887 | -16,212 | -40,427 | -24,900 |
| Change in operating lease liabilities | -49,234 | -88,920 | 2,288 | -3,735 |
| Net cash provided by operating activities | 664,989 | 261,431 | 401,895 | 439,492 |
| Capital expenditures | 623,034 | 709,516 | 622,552 | 531,624 |
| Contributions in aid of construction | 58,482 | 56,472 | 51,244 | 75,497 |
| Proceeds from sale relating to bce | 0 | 0 | 0 | 20,000 |
| Allowance for borrowed funds used during construction | -13,979 | -11,559 | -10,102 | -12,192 |
| Proceeds from nuclear decommissioning trusts sales and other special use funds | 455,515 | 433,830 | 485,814 | 545,723 |
| Investment in nuclear decommissioning trusts and other special use funds | 457,594 | 434,400 | 486,385 | 558,985 |
| Other | -828 | 2,044 | 4,134 | 2,726 |
| Net cash used for investing activities | -579,782 | -667,217 | -586,115 | -464,307 |
| Issuance of long-term debt | 947,350 | 795,404 | - | 0 |
| Repayment of long-term debt | 0 | 800,000 | - | 200,000 |
| Short-term borrowing and (repayments) - net | -329,299 | 134,802 | 301,747 | -255,050 |
| Short-term debt borrowings under term loan facility | 0 | 400,000 | - | 200,000 |
| Short-term debt repayments under term loan facility | 400,000 | 0 | - | 0 |
| Dividends paid on common stock | 105,313 | 105,216 | 104,934 | 100,074 |
| Common stock equity issuance and (purchases) - net | 15,585 | 215 | -6,381 | 341,429 |
| Palo verde sale leaseback noncontrolling interest acquisition | 198,744 | - | - | - |
| Other | - | - | -3 | - |
| Capital activities by noncontrolling interests | 2,742 | 10,628 | - | 10,627 |
| Net cash provided by financing activities | -73,163 | 414,580 | 190,429 | -20,518 |
| Net increase in cash and cash equivalents | 12,044 | 8,794 | 6,209 | -45,333 |
| Cash and cash equivalents at beginning of period | 18,841 | 10,047 | 3,838 | 49,171 |
| Cash and cash equivalents at end of period | 30,885 | 18,841 | 10,047 | 3,838 |
PINNACLE WEST CAPITAL CORP (PNW)
PINNACLE WEST CAPITAL CORP (PNW)