| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 614,046 | 196,532 | -338 | 628,551 |
| Gain on sale relating to bce | 0 | 0 | 0 | 22,988 |
| Depreciation and amortization including nuclear fuel | 731,643 | 492,225 | 250,651 | 711,587 |
| Allowance for equity funds used during construction | 45,687 | 28,016 | 13,249 | 28,790 |
| Deferred income taxes | -9,629 | 1,439 | 795 | -13,351 |
| Deferred investment tax credit | -10,019 | -3,301 | 36 | -10,287 |
| Change in derivative instruments fair value | - | - | - | 0 |
| Stock compensation | 21,252 | 12,356 | 7,160 | 16,940 |
| Customer and other receivables | 253,215 | 47,587 | -93,800 | 330,867 |
| Accrued unbilled revenues | 80,971 | 95,424 | -134 | 94,288 |
| Materials, supplies and fossil fuel | 37,251 | 25,497 | 2,770 | 34,493 |
| Income tax receivable | 0 | 0 | 0 | -332 |
| Deferred fuel and purchased power | -276,327 | -95,850 | -25,228 | -244,109 |
| Deferred fuel and purchased power amortization | 358,871 | 201,035 | 84,789 | 340,030 |
| Other current assets | 5,803 | 41,851 | 15,008 | 26,062 |
| Accounts payable | 80,810 | 127,970 | 56,010 | 24,958 |
| Accrued taxes | 172,513 | 29,597 | 56,520 | 174,807 |
| Other current liabilities | 23,463 | 1,182 | -41,391 | 74,177 |
| Change in long-term regulatory assets | -72,050 | -38,992 | -17,614 | -32,132 |
| Change in long-term regulatory liabilities | 46,167 | 44,860 | 12,033 | 43,448 |
| Change in other long-term assets | 222,252 | 140,504 | 45,413 | 126,379 |
| Change in operating lease assets | -131,272 | -138,439 | -3,889 | -94,768 |
| Change in other long-term liabilities | 153,248 | -56,639 | -40,427 | 49,694 |
| Change in operating lease liabilities | -135,866 | -86,632 | 2,288 | -89,479 |
| Net cash provided by operating activities | 1,328,315 | 663,326 | 401,895 | 1,170,331 |
| Capital expenditures | 1,955,102 | 1,332,068 | 622,552 | 1,717,571 |
| Contributions in aid of construction | 166,198 | 107,716 | 51,244 | 235,861 |
| Proceeds from sale relating to bce | 0 | 0 | 0 | 64,322 |
| Allowance for borrowed funds used during construction | -35,640 | -21,661 | -10,102 | -36,078 |
| Proceeds from nuclear decommissioning trusts sales and other special use funds | 1,375,159 | 919,644 | 485,814 | 1,140,371 |
| Investment in nuclear decommissioning trusts and other special use funds | 1,378,379 | 920,785 | 486,385 | 1,150,541 |
| Other | 5,350 | 6,178 | 4,134 | 5,687 |
| Net cash used for investing activities | -1,833,114 | -1,253,332 | -586,115 | -1,469,323 |
| Issuance of long-term debt | 1,742,754 | 795,404 | - | 1,313,229 |
| Repayment of long-term debt | 800,000 | 800,000 | - | 675,000 |
| Short-term borrowing and (repayments) - net | 107,250 | 436,549 | 301,747 | 14,000 |
| Short-term debt borrowings under term loan facility | 400,000 | 400,000 | - | 350,000 |
| Short-term debt repayments under term loan facility | 400,000 | 0 | - | 350,000 |
| Dividends paid on common stock | 315,463 | 210,150 | 104,934 | 294,589 |
| Common stock equity issuance and (purchases) - net | 9,419 | -6,166 | -6,381 | 3,804 |
| Palo verde sale leaseback noncontrolling interest acquisition | 198,744 | - | - | - |
| Other | - | - | -3 | - |
| Capital activities by noncontrolling interests | 13,370 | 10,628 | - | 10,628 |
| Net cash provided by financing activities | 531,846 | 605,009 | 190,429 | 343,208 |
| Net increase in cash and cash equivalents | 27,047 | 15,003 | 6,209 | 44,216 |
| Cash and cash equivalents at beginning of period | 3,838 | 3,838 | 3,838 | 4,955 |
| Cash and cash equivalents at end of period | 30,885 | 18,841 | 10,047 | 49,171 |
PINNACLE WEST CAPITAL CORP (PNW)
PINNACLE WEST CAPITAL CORP (PNW)