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PNW - Pinnacle West Capital Corporation

NYSE -> Utilities -> Utilities—Regulated Electric
Phoenix, United States
Type: Equity

PNW price evolution
PNW
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $4.96 $15.11 $7.66 $6.95
Short term investments
Net receivables $659.01 $871.29 $671.48 $570.26
Inventory $493.55 $493.83 $492.79 $465.03
Total current assets $1926.97 $2161.94 $1851.74 $1748.39
Long term investments $1201.25 $1120.46 $1162.4 $1125.62
Property, plant & equipment $18936.6 $18664.93 $18489.95 $18217.25
Goodwill & intangible assets $267.11 $249.48 $255.57 $260.45
Total noncurrent assets $22734.19 $22272.49 $22127.6 $21831.99
Total investments $1201.25 $1120.46 $1162.4 $1125.62
Total assets $24661.15 $24434.43 $23979.34 $23580.37
Current liabilities
Accounts payable $442.45 $404.97 $534.82 $361.41
Deferred revenue
Short long term debt $1552.38 $764.58 $714.91 $623.5
Total current liabilities $2889.35 $1968.34 $1932.58 $1724.33
Long term debt $8750.81 $9369.01 $9385.85 $9157.14
Total noncurrent liabilities $15486.94 $15977.88 $15970.62 $15691.59
Total debt $10303.19 $10133.59 $10100.77 $9780.64
Total liabilities $18376.29 $17946.22 $17903.21 $17415.92
Shareholders' equity
Retained earnings $3466.32 $3665.95 $3267.73 $3357.05
Other shareholder equity -$33.14 -$30.43 -$31.59 -$31.54
Total shareholder equity $6177.66 $6374.69 $5966.92 $6048.92
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $4.96 $4.83 $9.97 $59.97
Short term investments
Net receivables $659.01 $443.52 $500.55 $425.99
Inventory $493.55 $450.64 $367.17 $334.3
Total current assets $1926.97 $1750.55 $1551.1 $1198.32
Long term investments $1201.25 $1073.41 $1294.76 $1138.43
Property, plant & equipment $18936.6 $17397.16 $16509.63 $15283.67
Goodwill & intangible assets $267.11 $258.88 $273.69 $282.57
Total noncurrent assets $22734.19 $20972.85 $20452.12 $18822.1
Total investments $1201.25 $1073.41 $1294.76 $1138.43
Total assets $24661.15 $22723.4 $22003.22 $20020.42
Current liabilities
Accounts payable $442.45 $430.43 $489.07 $412.12
Deferred revenue
Short long term debt $1552.38 $496.62 $542.44 $243.78
Total current liabilities $2889.35 $1762.14 $1756.87 $1360.43
Long term debt $8750.81 $7741.29 $7642.14 $6675.6
Total noncurrent liabilities $15486.94 $14801.39 $14224.89 $12907.19
Total debt $10303.19 $8877.15 $8184.58 $6919.39
Total liabilities $18376.29 $16674.76 $15981.76 $14267.63
Shareholders' equity
Retained earnings $3466.32 $3360.35 $3264.72 $3025.11
Other shareholder equity -$33.14 -$31.43 -$54.86 -$62.8
Total shareholder equity $6177.66 $6048.65 $5906.2 $5633.5
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $991.57 $1637.76 $1121.7 $944.96
Cost of revenue $713.33 $917.71 $742.63 $701.72
Gross Profit $278.24 $720.05 $379.07 $243.23
Operating activities
Research & development
Selling, general & administrative
Total operating expenses $203.86 $203.79 $195.79 $192.52
Operating income $74.38 $516.26 $183.28 $50.72
Income from continuing operations
EBIT $89.36 $543.08 $204.07 $73.28
Income tax expense $2.79 $57.05 $15.9 $1.18
Interest expense $86.59 $87.82 $81.52 $75.4
Net income
Net income -$0.02 $398.21 $106.66 -$3.3
Income (for common shares) -$0.02 $398.21 $106.66 -$3.3
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $4695.99 $4324.39 $3803.84 $3586.98
Cost of revenue $3075.39 $2836.78 $2341.26 $2177.16
Gross Profit $1620.6 $1487.6 $1462.58 $1409.82
Operating activities
Research & development
Selling, general & administrative
Total operating expenses $795.96 $755.69 $657.27 $621.67
Operating income $824.64 $731.91 $805.31 $788.15
Income from continuing operations
EBIT $909.79 $813.97 $962.07 $857.7
Income tax expense $76.91 $74.83 $110.09 $78.17
Interest expense $331.32 $255.54 $233.26 $228.97
Net income
Net income $501.56 $483.6 $618.72 $550.56
Income (for common shares) $501.56 $483.6 $618.72 $550.56
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$0.02 $398.21 $106.66 -$3.3
Operating activities
Depreciation $217.91 $219.57 $207.88 $208.77
Business acquisitions & disposals $5.9 $17.5
Stock-based compensation $5.04 $5.08 $3.59 $3.63
Total cash flows from operations $373.8 $396.29 $226.01 $211.6
Investing activities
Capital expenditures -$463.74 -$343.69 -$438.07 -$420.01
Investments $13.6 -$14.58 -$0.57 -$0.57
Total cash flows from investing -$458.35 -$352.13 -$430.53 -$453.24
Financing activities
Dividends paid -$98.03 -$96.22 -$96.16 -$96.08
Sale and purchase of stock -$2.45 $0.39 $0.1 -$2.13
Net borrowings $185.5 $59.13 $311.91 $341.97
Total cash flows from financing $74.39 -$36.7 $205.23 $243.75
Effect of exchange rate
Change in cash and equivalents -$10.15 $7.45 $0.71 $2.12
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $501.56 $483.6 $618.72 $550.56
Operating activities
Depreciation $854.14 $817.81 $719.14 $686.25
Business acquisitions & disposals $23.4
Stock-based compensation $17.34 $15.94 $18.46 $18.29
Total cash flows from operations $1207.7 $1241.44 $860.01 $966.37
Investing activities
Capital expenditures -$1665.5 -$1570.05 -$1367.82 -$1264.08
Investments -$2.12 -$4.35 -$4.51 -$3.09
Total cash flows from investing -$1694.25 -$1618.05 -$1386.93 -$1277.82
Financing activities
Dividends paid -$386.49 -$378.88 -$369.48 -$350.58
Sale and purchase of stock -$4.09 -$2.65 -$2.35 -$1.39
Net borrowings $898.51 $774.26 $870 $735.85
Total cash flows from financing $486.68 $371.47 $476.92 $361.14
Effect of exchange rate
Change in cash and equivalents $0.12 -$5.14 -$50 $49.69
Fundamentals
Market cap $8.40B
Enterprise value $18.70B
Shares outstanding 113.42M
Revenue $4.70B
EBITDA $1.76B
EBIT $909.79M
Net Income $501.56M
Revenue Q/Q -1.76%
Revenue Y/Y 8.59%
P/E ratio 16.74
EV/Sales 3.98
EV/EBITDA 10.60
EV/EBIT 20.55
P/S ratio 1.79
P/B ratio 1.35
Book/Share 54.76
Cash/Share 0.04
EPS $4.42
ROA 2.08%
ROE 8.17%
Debt/Equity 2.97
Net debt/EBITDA 10.42
Current ratio 0.67
Quick ratio 0.50