Pinnacle West Capital Corp (PNW)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 518,781 | 500,826 | 635,944 | 570,052 | 557,813 |
| Depreciation Amortization | 1,401,379 | 1,037,393 | 763,698 | 674,206 | 713,648 |
| Income taxes - deferred | -24,310 | 43,202 | 117,471 | 69,469 | -1,479 |
| Accounts receivable | -61,983 | -63,869 | -72,559 | -18,191 | -12,789 |
| Accounts payable and accrued liabilities | -75,623 | 90,076 | 20,267 | -6,059 | 50,641 |
| Other Working Capital | -173,141 | -12,774 | -372,149 | -233,131 | -213,782 |
| Other Operating Activity | -377,406 | -353,413 | -232,658 | -89,981 | -137,326 |
| Operating Cash Flow | $1,207,697 | $1,241,441 | $860,014 | $966,365 | $956,726 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -1,665,504 | -1,570,054 | -1,367,821 | -1,264,081 | -1,120,754 |
| Net Acquisitions | 23,400 | N/A | N/A | N/A | N/A |
| Purchase Of Investment | -1,681,845 | -1,212,063 | -1,725,480 | -822,608 | -722,181 |
| Sale Of Investment | 1,679,722 | 1,207,713 | 1,720,966 | 819,518 | 719,034 |
| Other Investing Activity | -50,022 | -43,642 | -14,594 | -10,647 | -7,076 |
| Investing Cash Flow | $-1,694,249 | $-1,618,046 | $-1,386,929 | $-1,277,818 | $-1,130,977 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | 241,900 | 48,720 | 142,000 | 825,015 | 103,275 |
| Debt Issued | 689,349 | 875,537 | 746,999 | 1,596,672 | 1,092,188 |
| Debt Repayment | -32,740 | -150,000 | 0 | -915,150 | -600,000 |
| Common Stock Issued | -4,093 | -2,653 | -2,350 | -1,389 | 692 |
| Dividend Paid | -386,486 | -378,881 | -369,478 | -350,577 | -329,643 |
| Other Financing Activity | -21,255 | -21,255 | -40,255 | -793,433 | -87,744 |
| Financing Cash Flow | $486,675 | $371,468 | $476,916 | $361,138 | $178,768 |
| Beginning Cash Position | 4,832 | 9,969 | 59,968 | 10,283 | 5,766 |
| End Cash Position | 4,955 | 4,832 | 9,969 | 59,968 | 10,283 |
| Net Cash Flow | $123 | $-5,137 | $-49,999 | $49,685 | $4,517 |
| Free Cash Flow | |||||
| Operating Cash Flow | 1,207,697 | 1,241,441 | 860,014 | 966,365 | 956,726 |
| Capital Expenditure | -1,665,504 | -1,570,054 | -1,367,821 | -1,264,081 | -1,120,754 |
| Free Cash Flow | -457,807 | -328,613 | -507,807 | -297,716 | -164,028 |