PNW | Pinnacle West Capital Corporation Stock Financials Income Statements Annual

(Stock Exchange: NYSE)

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	4.70B	4.32B	3.80B	3.59B	3.47B	3.69B	3.57B	3.50B	3.50B	3.49B	3.45B	3.30B	3.24B	3.26B	3.30B	3.37B	3.52B	3.40B	2.99B	2.90B	2.82B	2.64B	4.55B	3.69B	2.42B	2.13B	2.00B	1.82B	1.67B	1.69B
Cost of Revenue	2.85B	2.62B	2.11B	1.95B	1.98B	2.11B	1.91B	1.99B	1.97B	2.09B	2.02B	1.88B	1.01B	1.05B	1.28B	1.48B	1.44B	1.25B	888.23M	949.58M	862.18M	693.58M	2.66B	1.93B	796.10M	537.50M	436.60M	325.50M	269.80M	300.70M
Gross Profit	1.84B	1.71B	1.70B	1.63B	1.49B	1.58B	1.66B	1.51B	1.53B	1.40B	1.43B	1.42B	2.23B	2.22B	2.02B	1.89B	2.09B	2.15B	2.10B	1.95B	1.96B	1.94B	1.89B	1.76B	1.63B	1.59B	1.56B	1.49B	1.40B	1.38B
Operating Expenses	1.02B	976.06M	891.91M	846.50M	815.40M	804.70M	725.12M	655.87M	671.17M	592.54M	587.87M	570.49M	1.49B	1.49B	1.44B	1.36B	1.47B	1.53B	1.58B	1.44B	1.47B	1.43B	1.21B	1.08B	1.05B	1.03B	1.00B	948.40M	837.50M	850.90M
Selling, General & Admin	40.65M	98.49M	112.54M	56.34M	22.99M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	19.21M	976.06M	891.91M	846.50M	815.40M	56.72M	725.12M	655.87M	671.17M	592.54M	587.87M	570.49M	1.49B	1.49B	1.44B	1.36B	1.47B	1.53B	1.58B	1.44B	1.47B	1.43B	1.21B	1.08B	1.05B	1.03B	1.00B	948.40M	837.50M	850.90M
Operating Income	824.64M	731.91M	805.31M	788.15M	671.96M	773.69M	934.43M	855.98M	854.60M	811.24M	846.32M	851.75M	746.51M	723.88M	580.23M	530.55M	619.25M	618.87M	515.29M	506.26M	482.05M	516.05M	674.63M	675.97M	578.80M	567.20M	557.70M	543.90M	562.50M	533.90M
Other Expenses / Income	75.13M	-156.26M	-59.28M	-139.93M	-129.92M	109.04M	-168.21M	-158.05M	-160.69M	-166.84M	-175.77M	-195.44M	-207.27M	-208.97M	-475.17M	-251.58M	-169.55M	-145.31M	-165.23M	-142.18M	-145.92M	-162.79M	-133.72M	-149.79M	-140.90M	-159.70M	-171.50M	-204.30M	-234.90M	-210.30M
Before Tax Income	595.69M	575.65M	746.03M	648.23M	542.04M	664.44M	766.22M	697.94M	693.91M	644.40M	670.56M	656.31M	539.24M	514.92M	105.06M	278.96M	449.70M	473.56M	350.06M	364.07M	336.14M	353.25M	540.90M	526.18M	437.90M	407.50M	386.20M	339.60M	327.60M	323.60M
Income Tax Expenses	76.91M	74.83M	110.09M	78.17M	-15.77M	133.90M	258.27M	236.41M	237.72M	220.71M	230.59M	237.32M	183.60M	164.32M	37.83M	65.41M	150.92M	156.42M	126.89M	128.86M	105.56M	138.10M	213.53M	223.85M	168.10M	164.60M	150.30M	128.50M	128.00M	123.00M
Net Income	501.56M	483.60M	618.72M	550.56M	538.32M	511.05M	488.46M	442.03M	437.26M	397.60M	406.07M	381.54M	339.47M	350.05M	68.33M	242.12M	307.14M	327.25M	176.27M	243.19M	240.58M	149.41M	312.17M	302.33M	167.90M	242.90M	235.90M	181.30M	188.00M	200.60M
Interest Expenses	331.32M	255.54M	233.26M	228.97M	216.72M	218.28M	197.68M	185.75M	178.71M	185.49M	187.03M	199.65M	223.64M	227.63M	223.11M	197.47M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	113.44M	113.20M	112.91M	112.67M	112.44M	112.13M	111.84M	111.41M	111.03M	110.63M	109.98M	109.51M	109.05M	106.57M	101.16M	100.69M	100.26M	99.42M	96.48M	91.40M	91.27M	84.90M	84.72M	84.73M	84.72M	84.77M	85.50M	87.44M	87.42M	87.41M
Diluted Shares Outstanding	113.80M	113.42M	113.19M	112.94M	112.76M	112.55M	112.37M	112.05M	111.55M	111.18M	110.81M	110.53M	109.86M	107.14M	101.26M	100.97M	100.83M	100.01M	96.59M	91.53M	91.41M	84.96M	84.93M	84.94M	85.01M	85.35M	86.09M	87.44M	87.42M	87.41M
EBITDA	1.73B	1.62B	1.59B	1.46B	1.32B	1.41B	1.56B	1.43B	1.43B	1.30B	1.32B	1.30B	1.24B	1.16B	733.60M	895.36M	458.06M	483.67M	303.16M	372.05M	346.14M	287.51M	525.70M	526.18M	336.00M	407.50M	386.20M	309.80M	316.00M	323.60M
EBITDA Margin	36.74%	37.56%	41.76%	40.64%	37.98%	38.27%	43.62%	40.85%	40.78%	37.24%	38.09%	39.37%	38.27%	35.44%	22.25%	26.59%	13.00%	14.22%	10.15%	12.83%	12.28%	10.90%	11.55%	14.26%	13.86%	19.13%	19.36%	17.04%	18.92%	19.20%
EBIT	909.79M	813.97M	962.07M	857.70M	739.27M	863.23M	944.41M	864.20M	853.68M	803.79M	823.69M	818.50M	746.71M	742.01M	329.27M	505.00M	458.06M	483.67M	303.16M	372.05M	346.14M	287.51M	525.70M	526.18M	336.00M	407.50M	386.20M	309.80M	316.00M	323.60M
EBIT Margin	19.37%	18.82%	25.29%	23.91%	21.30%	23.39%	26.49%	24.70%	24.42%	23.02%	23.84%	24.79%	23.04%	22.74%	9.99%	15.00%	13.00%	14.22%	10.15%	12.83%	12.28%	10.90%	11.55%	14.26%	13.86%	19.13%	19.36%	17.04%	18.92%	19.20%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31