Pinnacle West Capital Corporation (PNW) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 235.3M | 476.78M | 664.99M | 261.43M | 401.89M | 439.49M | 633.19M | 189.78M | 347.35M | 373.8M | 396.29M | 226.01M | 211.6M | 209.53M | 443.63M | 247.68M | 340.61M | 199.5M | 348.16M | 110.34M |
| Operating CF Growth % | -41.45% | 8.48% | 5.02% | 37.75% | 15.7% | 17.57% | 59.78% | -16.03% | 64.15% | 78.4% | -10.67% | -8.75% | -37.87% | 5.03% | 27.42% | 124.47% | 68.61% | 2.65% | -13.6% | -40.49% |
| Operating CF / Revenue % | 20.47% | 42.26% | 36.52% | 19.24% | 38.93% | 40.12% | 35.8% | 14.5% | 36.5% | 37.7% | 24.2% | 20.15% | 22.39% | 20.76% | 30.18% | 23.33% | 43.47% | 24.97% | 26.61% | 11.03% |
| Net Income | 35.11M | 15.4M | 413.21M | 192.56M | 4.58M | -2.52M | 399.27M | 203.81M | 16.86M | 4.28M | 402.52M | 110.97M | 1.01M | -19.69M | 330.63M | 168.62M | 21.26M | 31.89M | 344.1M | 219.44M |
| Depreciation & Amortization | 259.84M | 237.97M | 239.42M | 241.57M | 250.65M | 244.6M | 246.04M | 239.13M | 226.41M | 217.91M | 219.57M | 207.88M | 208.77M | 204.86M | 207.83M | 201.49M | 203.64M | 186.8M | 181.81M | 174.13M |
| Deferred Taxes | 3.25M | 27.57M | -17.79M | -2.69M | -123K | -5.54M | -19.89M | 19.85M | -23.59M | 15.01M | 30.95M | 8.19M | -1.4M | 1.02M | 16.66M | 16.11M | 3.52M | 16.87M | 69.22M | 38.19M |
| Other Non-Cash Items | 8.3M | 48.92M | -27.11M | 40.36M | 49.5M | 69.85M | -54.2M | 60.47M | 46.48M | -81.58M | -193.81M | 22.62M | -23.68M | -29.06M | -64.14M | -47.28M | 23.59M | -24.16M | -85.62M | -82.29M |
| Working Capital Changes | -79.46M | 146.91M | 57.26M | -210.37M | 97.28M | 126.52M | 55.65M | -338.15M | 75.25M | 213.13M | -68.03M | -127.25M | 23.27M | 49.27M | -52.3M | -93.79M | 83.27M | -13.66M | -164.56M | -241.26M |
| Capital Expenditures | -628.36M | -669.52M | -623.03M | -709.52M | -622.55M | -531.62M | -665.85M | -533.97M | -517.76M | -531.84M | -396.33M | -473.02M | -445.17M | -430.63M | -433.64M | -451.64M | -391.58M | -467.04M | -325.28M | -317.37M |
| CapEx / Revenue % | 54.66% | 59.35% | 34.22% | 52.22% | 60.31% | 48.53% | 37.64% | 40.79% | 54.4% | 53.64% | 24.2% | 42.17% | 47.11% | 42.67% | 29.5% | 42.54% | 49.98% | 58.46% | 24.86% | 31.73% |
| CapEx / D&A | 2.42x | 2.81x | 2.60x | 2.94x | 2.48x | 2.17x | 2.71x | 2.23x | 2.29x | 2.44x | 1.81x | 2.28x | 2.13x | 2.10x | 2.09x | 2.24x | 1.92x | 2.50x | 1.79x | 1.82x |
| CapEx Coverage (OCF/CapEx) | 0.37x | 0.71x | 1.07x | 0.37x | 0.65x | 0.83x | 0.95x | 0.36x | 0.67x | 0.70x | 1.00x | 0.48x | 0.48x | 0.49x | 1.02x | 0.55x | 0.87x | 0.43x | 1.07x | 0.35x |
| Cash from Investing | -551.55M | -545.56M | -778.53M | -667.22M | -586.12M | -464.31M | -582.21M | -463.02M | -424.09M | -458.35M | -352.13M | -430.53M | -453.24M | -396.15M | -427.64M | -419.91M | -374.34M | -424.62M | -312.74M | -301.5M |
| Acquisitions | 0 | 0 | -198.74M | 0 | 0 | 20M | 16.54M | 9.1M | 38.68M | 5.9M | 396.33M | 473.02M | 0 | 0 | 0 | 0 | 0 | 0 | 325.28M | 317.37M |
| Purchase of Investments | -513M | -480.61M | -457.59M | -434.4M | -486.38M | -558.99M | -378.18M | -328.5M | -443.85M | -500.46M | -612.72M | -341.47M | -227.2M | -282.1M | -237.15M | -331M | -361.81M | -910.29M | -226.21M | -208.43M |
| Sale of Investments | 512.23M | 480.04M | 455.51M | 433.83M | 485.81M | 545.72M | 368M | 328.5M | 443.87M | 514.05M | 598.14M | 340.9M | 226.63M | 296.71M | 218.82M | 330.43M | 361.75M | 923.79M | 209.34M | 207.86M |
| Other Investing | 77.58M | 124.53M | 45.33M | 42.87M | 37.01M | 60.58M | 77.28M | 61.85M | 54.97M | 54M | -337.56M | -429.96M | -7.5M | 19.87M | 24.33M | 32.3M | 17.3M | 28.93M | -295.87M | -300.93M |
| Cash from Financing | 316.06M | 44.5M | 125.58M | 414.58M | 190.43M | -20.52M | -5.82M | 267.61M | 81.42M | 74.39M | -36.7M | 205.23M | 243.75M | 184.42M | -38.14M | 187.45M | 37.73M | 209.4M | -23.88M | 188.1M |
| Dividends Paid | -108.46M | -107.33M | -105.31M | -105.22M | -104.93M | -100.07M | -98.29M | -98.21M | -98.08M | -98.03M | -96.22M | -96.16M | -96.08M | -96.04M | -94.3M | -94.28M | -94.27M | -94.15M | -91.83M | -91.78M |
| Dividend Payout Ratio % | 329.47% | 696.81% | 25.49% | 54.64% | - | - | 24.89% | 48.19% | 581.67% | - | 24.16% | 90.15% | - | - | 28.9% | 57.38% | 555.94% | 341.32% | 27.02% | 42.55% |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Stock Issued | 0 | 75.19M | 9.42M | 0 | 0 | 341.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -62K | 62K | 0 | 0 | 0 | 477K | 0 |
| Share Repurchases | -7.42M | 0 | 6.17M | 215K | -6.38M | 3.8M | 423K | 273K | -4.5M | -2.45M | 387K | 104K | -2.13M | -2.65M | 448K | 557K | -1M | -2.83M | 176K | 562K |
| Other Financing | -1K | -4.67M | -2.74M | -10.63M | -3K | -10.63M | 0 | -10.63M | 0 | -10.63M | -1K | -10.63M | 0 | -10.63M | 0 | -10.63M | 0 | -10.63M | 0 | -10.63M |
| Net Change in Cash | -195K | -24.28M | 12.04M | 8.79M | 6.21M | -45.33M | 45.16M | -5.63M | 4.68M | -10.15M | 7.45M | 707K | 2.12M | -2.2M | -22.16M | 15.22M | 4M | -15.72M | 11.54M | -3.06M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 6.6M | 30.89M | 18.84M | 10.05M | 3.84M | 49.17M | 4.01M | 9.63M | 4.96M | 15.11M | 7.66M | 6.95M | 4.83M | 7.03M | 29.19M | 13.97M | 9.97M | 25.69M | 14.15M | 17.2M |
| Cash at End | 6.41M | 6.6M | 30.89M | 18.84M | 10.05M | 3.84M | 49.17M | 4.01M | 9.63M | 4.96M | 15.11M | 7.66M | 6.95M | 4.83M | 7.03M | 29.19M | 13.97M | 9.97M | 25.69M | 14.15M |
| Free Cash Flow | -393.06M | -192.74M | 41.95M | -448.08M | -220.66M | -92.13M | -32.65M | -344.18M | -170.4M | -158.04M | -48K | -247.02M | -233.57M | -221.1M | 9.99M | -203.96M | -50.98M | -267.54M | 22.88M | -207.03M |
| FCF Growth % | -78.13% | -109.2% | 228.49% | -30.19% | -29.49% | 41.7% | -67927.08% | -39.34% | 27.04% | 28.52% | -100.48% | -21.11% | -358.2% | 17.36% | -56.35% | 1.49% | 68.49% | -65.98% | -78.99% | -36.61% |
| FCF Margin % | -34.19% | -17.08% | 2.3% | -32.98% | -21.38% | -8.41% | -1.85% | -26.29% | -17.9% | -15.94% | -0% | -22.02% | -24.72% | -21.91% | 0.68% | -19.21% | -6.51% | -33.49% | 1.75% | -20.7% |
| FCF / Net Income % | -1194% | -1251.29% | 10.15% | -232.69% | 4751.44% | 1349.52% | -8.27% | -168.88% | -1010.57% | 687143.48% | -0.01% | -231.59% | 7084.2% | 921.57% | 3.06% | -124.13% | -300.63% | -969.92% | 6.73% | -95.98% |