Pinnacle Net Income vs Begin Period Cash Flow Analysis

0KIT Stock

94.03 0.94 0.99%

Pinnacle West financial indicator trend analysis is much more than just breaking down Pinnacle West Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pinnacle West Capital is a good investment. Please check the relationship between Pinnacle West Net Income and its Begin Period Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Income vs Begin Period Cash Flow

Net Income vs Begin Period Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle West Capital Net Income account and Begin Period Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Pinnacle West's Net Income and Begin Period Cash Flow is -0.27. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Begin Period Cash Flow in the same time period over historical financial statements of Pinnacle West Capital, assuming nothing else is changed. The correlation between historical values of Pinnacle West's Net Income and Begin Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Pinnacle West Capital are associated (or correlated) with its Begin Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Begin Period Cash Flow has no effect on the direction of Net Income i.e., Pinnacle West's Net Income and Begin Period Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Pinnacle West Capital financial statement analysis. It represents the amount of money remaining after all of Pinnacle West Capital operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Most indicators from Pinnacle West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pinnacle West Capital current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to gain to about 138.1 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	1.7B	1.7B	1.8B	1.8B
Total Revenue	3.8B	4.3B	4.7B	3.1B

Gross Profit Total Revenue

Pinnacle West fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Short Term Investments	Intangible Assets
Common Stock Shares Outstanding		0.67	0.3	0.78	0.59	0.77	0.7	0.3	0.75	0.66	-0.26	0.67	-0.26	-0.26	0.64	0.61	0.5	0.33	-0.99	0.62	0.55	0.18	0.96	-0.93	-0.09	0.34
Total Assets	0.67		0.7	0.86	0.79	0.98	1.0	0.7	0.98	0.88	-0.28	1.0	-0.23	-0.28	0.81	0.99	0.73	0.63	-0.59	1.0	0.89	0.32	0.85	-0.81	-0.34	0.71
Short Long Term Debt Total	0.3	0.7		0.54	0.61	0.62	0.68	1.0	0.64	0.72	-0.35	0.69	-0.17	-0.35	0.69	0.71	0.96	0.93	-0.31	0.72	0.77	0.72	0.44	-0.53	-0.53	0.66
Other Current Liab	0.78	0.86	0.54		0.71	0.92	0.89	0.54	0.91	0.72	-0.33	0.87	-0.2	-0.33	0.67	0.82	0.66	0.46	-0.72	0.83	0.68	0.27	0.89	-0.8	-0.23	0.49
Total Current Liabilities	0.59	0.79	0.61	0.71		0.76	0.8	0.61	0.76	0.85	-0.47	0.78	-0.13	-0.47	0.82	0.73	0.7	0.57	-0.54	0.79	0.79	0.68	0.7	-0.68	-0.43	0.52
Total Stockholder Equity	0.77	0.98	0.62	0.92	0.76		0.99	0.62	1.0	0.84	-0.29	0.98	-0.29	-0.29	0.76	0.96	0.69	0.54	-0.7	0.96	0.81	0.26	0.92	-0.85	-0.32	0.69
Property Plant And Equipment Net	0.7	1.0	0.68	0.89	0.8	0.99		0.68	0.99	0.87	-0.3	1.0	-0.23	-0.3	0.81	0.98	0.72	0.6	-0.63	0.99	0.88	0.31	0.87	-0.82	-0.32	0.69
Net Debt	0.3	0.7	1.0	0.54	0.61	0.62	0.68		0.64	0.72	-0.36	0.69	-0.17	-0.36	0.69	0.71	0.96	0.93	-0.31	0.72	0.77	0.72	0.44	-0.53	-0.52	0.66
Retained Earnings	0.75	0.98	0.64	0.91	0.76	1.0	0.99	0.64		0.85	-0.28	0.99	-0.3	-0.28	0.77	0.96	0.69	0.56	-0.67	0.97	0.82	0.27	0.91	-0.85	-0.33	0.71
Accounts Payable	0.66	0.88	0.72	0.72	0.85	0.84	0.87	0.72	0.85		-0.34	0.87	-0.19	-0.34	0.89	0.85	0.78	0.72	-0.62	0.88	0.91	0.51	0.77	-0.84	-0.27	0.57
Cash	-0.26	-0.28	-0.35	-0.33	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34		-0.28	-0.18	1.0	-0.44	-0.24	-0.44	-0.39	0.27	-0.28	-0.34	-0.51	-0.29	0.22	0.01	-0.13
Non Current Assets Total	0.67	1.0	0.69	0.87	0.78	0.98	1.0	0.69	0.99	0.87	-0.28		-0.24	-0.28	0.79	0.99	0.72	0.61	-0.59	0.99	0.87	0.3	0.85	-0.8	-0.35	0.71
Non Currrent Assets Other	-0.26	-0.23	-0.17	-0.2	-0.13	-0.29	-0.23	-0.17	-0.3	-0.19	-0.18	-0.24		-0.18	-0.07	-0.21	-0.14	-0.1	0.26	-0.2	-0.1	-0.07	-0.28	0.34	0.57	-0.43
Cash And Short Term Investments	-0.26	-0.28	-0.35	-0.33	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34	1.0	-0.28	-0.18		-0.44	-0.24	-0.44	-0.39	0.27	-0.28	-0.34	-0.51	-0.29	0.22	0.01	-0.13
Net Receivables	0.64	0.81	0.69	0.67	0.82	0.76	0.81	0.69	0.77	0.89	-0.44	0.79	-0.07	-0.44		0.78	0.77	0.74	-0.61	0.82	0.94	0.54	0.72	-0.79	-0.16	0.52
Non Current Liabilities Total	0.61	0.99	0.71	0.82	0.73	0.96	0.98	0.71	0.96	0.85	-0.24	0.99	-0.21	-0.24	0.78		0.71	0.65	-0.52	0.99	0.9	0.26	0.8	-0.77	-0.32	0.72
Inventory	0.5	0.73	0.96	0.66	0.7	0.69	0.72	0.96	0.69	0.78	-0.44	0.72	-0.14	-0.44	0.77	0.71		0.9	-0.51	0.74	0.78	0.76	0.59	-0.67	-0.42	0.59
Other Current Assets	0.33	0.63	0.93	0.46	0.57	0.54	0.6	0.93	0.56	0.72	-0.39	0.61	-0.1	-0.39	0.74	0.65	0.9		-0.35	0.66	0.82	0.68	0.42	-0.58	-0.36	0.53
Other Stockholder Equity	-0.99	-0.59	-0.31	-0.72	-0.54	-0.7	-0.63	-0.31	-0.67	-0.62	0.27	-0.59	0.26	0.27	-0.61	-0.52	-0.51	-0.35		-0.55	-0.5	-0.24	-0.91	0.91	0.09	-0.29
Total Liab	0.62	1.0	0.72	0.83	0.79	0.96	0.99	0.72	0.97	0.88	-0.28	0.99	-0.2	-0.28	0.82	0.99	0.74	0.66	-0.55		0.91	0.33	0.81	-0.78	-0.35	0.72
Total Current Assets	0.55	0.89	0.77	0.68	0.79	0.81	0.88	0.77	0.82	0.91	-0.34	0.87	-0.1	-0.34	0.94	0.9	0.78	0.82	-0.5	0.91		0.46	0.69	-0.76	-0.23	0.61
Short Term Debt	0.18	0.32	0.72	0.27	0.68	0.26	0.31	0.72	0.27	0.51	-0.51	0.3	-0.07	-0.51	0.54	0.26	0.76	0.68	-0.24	0.33	0.46		0.2	-0.3	-0.56	0.33
Common Stock	0.96	0.85	0.44	0.89	0.7	0.92	0.87	0.44	0.91	0.77	-0.29	0.85	-0.28	-0.29	0.72	0.8	0.59	0.42	-0.91	0.81	0.69	0.2		-0.94	-0.18	0.51
Current Deferred Revenue	-0.93	-0.81	-0.53	-0.8	-0.68	-0.85	-0.82	-0.53	-0.85	-0.84	0.22	-0.8	0.34	0.22	-0.79	-0.77	-0.67	-0.58	0.91	-0.78	-0.76	-0.3	-0.94		0.17	-0.48
Short Term Investments	-0.09	-0.34	-0.53	-0.23	-0.43	-0.32	-0.32	-0.52	-0.33	-0.27	0.01	-0.35	0.57	0.01	-0.16	-0.32	-0.42	-0.36	0.09	-0.35	-0.23	-0.56	-0.18	0.17		-0.61
Intangible Assets	0.34	0.71	0.66	0.49	0.52	0.69	0.69	0.66	0.71	0.57	-0.13	0.71	-0.43	-0.13	0.52	0.72	0.59	0.53	-0.29	0.72	0.61	0.33	0.51	-0.48	-0.61

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Pinnacle West Account Relationship Matchups

Pinnacle West fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	112.8M	112.9M	113.2M	113.4M	113.8M	105.8M
Total Assets	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Short Long Term Debt Total	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Other Current Liab	594.7M	638.5M	652.7M	670.7M	727.7M	521.1M
Total Current Liabilities	2.1B	1.4B	1.8B	1.8B	2.9B	1.4B
Total Stockholder Equity	5.4B	5.6B	5.9B	6.0B	6.2B	4.1B
Property Plant And Equipment Net	14.4B	15.4B	16.6B	17.4B	19.0B	10.5B
Net Debt	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Retained Earnings	2.8B	3.0B	3.3B	3.4B	3.5B	1.8B
Accounts Payable	346.4M	318.6M	393.1M	430.4M	442.5M	310.2M
Cash	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Non Current Assets Total	17.4B	18.8B	20.5B	21.0B	22.7B	12.9B
Non Currrent Assets Other	97.0M	92.9M	97.9M	1.9B	1.9B	1.1B
Cash And Short Term Investments	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Net Receivables	408.1M	432.8M	508.1M	608.3M	659.3M	448.2M
Liabilities And Stockholders Equity	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Non Current Liabilities Total	10.8B	12.9B	14.2B	14.8B	15.5B	8.4B
Inventory	345.9M	334.3M	367.2M	450.6M	493.5M	518.2M
Other Current Assets	265.7M	371.3M	665.9M	686.8M	769.1M	807.6M
Other Stockholder Equity	(9.4M)	(6.3M)	(6.4M)	(5.0M)	(8.2M)	(7.8M)
Total Liab	12.9B	14.3B	16.0B	16.6B	18.4B	9.8B
Total Current Assets	1.0B	1.2B	1.6B	1.8B	1.9B	1.1B
Accumulated Other Comprehensive Income	(57.1M)	(62.8M)	(54.9M)	(31.4M)	(33.1M)	(34.8M)
Short Term Debt	927.4M	243.8M	542.4M	496.6M	1.6B	1.6B
Common Stock	2.7B	2.7B	2.7B	2.7B	2.8B	2.4B
Current Deferred Revenue	64.9M	48.3M	42.3M	41.8M	42.0M	73.5M
Short Term Investments	515K	2.9M	63.5M	5.7B	38.6M	36.7M
Intangible Assets	290.6M	282.6M	273.7M	258.9M	267.1M	219.9M
Other Assets	2.9B	1.0	3.7B	3.4B	3.9B	2.7B
Long Term Debt	4.8B	4.6B	4.8B	6.3B	7.3B	5.4B
Treasury Stock	(5.6M)	(4.8M)	(9.4M)	(6.3M)	(5.7M)	(5.9M)
Property Plant Equipment	14.3B	15.3B	16.5B	17.3B	19.9B	14.3B
Other Liab	6.0B	6.2B	6.6B	6.4B	7.4B	6.8B
Net Tangible Assets	5.1B	5.4B	5.6B	5.8B	6.7B	5.8B
Deferred Long Term Liab	1.3B	1.1B	1.2B	1.3B	1.2B	994.6M

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Pinnacle Net Income vs Begin Period Cash Flow Analysis

Net Income vs Begin Period Cash Flow

Net Income vs Begin Period Cash Flow Correlation Analysis

Correlation Coefficient

Net Income

Begin Period Cash Flow

Pinnacle West fundamental ratios Correlations

Pinnacle West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pinnacle West fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Other Stockholder Equity	- 0.99	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.94	Common Stock
Current Deferred Revenue	- 0.93	Common Stock Shares Outstanding
Common Stock	- 0.91	Other Stockholder Equity
Current Deferred Revenue	- 0.85	Retained Earnings
Current Deferred Revenue	- 0.85	Total Stockholder Equity