Pinnacle Historical Income Statement

PNW Stock

USD 94.52 0.72 0.77%

Historical analysis of Pinnacle West income statement accounts such as EBIT of 692.1 M, Ebitda of 1.4 B, Net Income of 296.8 M or Income Tax Expense of 111.3 M can show how well Pinnacle West Capital performed in making a profits. Evaluating Pinnacle West income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Pinnacle West's future profits or losses.

Cash Flow Balance Sheet Income Statement

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Pinnacle West Capital latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Pinnacle West Capital is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center 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.

About Pinnacle Income Statement Analysis

Pinnacle West Capital Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Pinnacle West shareholders. The income statement also shows Pinnacle investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Pinnacle West Income Statement Chart

At this time, Pinnacle West's Interest Expense is fairly stable compared to the past year. Income Tax Expense is likely to climb to about 111.3 M in 2024, whereas Gross Profit is likely to drop slightly above 1.8 B in 2024.

Total Revenue Gross Profit Operating Income Ebitda Net Income

Total Revenue

Total revenue comprises all receipts Pinnacle West Capital generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Pinnacle West Capital minus its cost of goods sold. It is profit before Pinnacle West operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Pinnacle West Capital operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Pinnacle West Capital is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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.

Most accounts from Pinnacle West's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center 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.

	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 income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Net Income	Income Tax Expense	Depreciation And Amortization	Other Operating Expenses	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Selling And Marketing Expenses	Selling General Administrative	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.76	0.68	-0.81	-0.71	0.6	0.3	0.4	0.75	0.84	0.66	0.25	0.35	-0.71	-0.78	0.52	-0.38	0.45	0.73	-0.53	-0.34	-0.77	0.7	0.43
Total Revenue	0.76		0.46	-0.65	-0.52	0.75	0.66	0.55	0.87	0.97	0.94	0.08	0.64	-0.42	-0.84	0.67	-0.17	0.29	0.49	-0.39	-0.11	-0.4	0.51	0.28
Gross Profit	0.68	0.46		-0.56	-0.48	0.36	0.08	0.28	0.48	0.5	0.14	0.8	0.12	-0.38	-0.5	0.12	-0.27	0.24	0.41	-0.2	-0.13	-0.44	0.39	0.13
Operating Income	-0.81	-0.65	-0.56		0.93	-0.29	-0.34	-0.39	-0.61	-0.68	-0.54	-0.23	-0.3	0.5	0.82	-0.43	0.21	-0.42	-0.49	0.58	0.2	0.43	-0.41	-0.56
Ebit	-0.71	-0.52	-0.48	0.93		-0.02	-0.12	-0.5	-0.38	-0.52	-0.41	-0.11	-0.28	0.37	0.8	-0.24	0.06	-0.18	-0.23	0.41	0.26	0.25	-0.22	-0.44
Ebitda	0.6	0.75	0.36	-0.29	-0.02		0.7	0.07	0.91	0.8	0.73	0.18	0.38	-0.58	-0.4	0.73	-0.42	0.58	0.74	-0.5	-0.09	-0.65	0.71	0.36
Net Income	0.3	0.66	0.08	-0.34	-0.12	0.7		0.14	0.73	0.6	0.66	-0.05	0.59	-0.19	-0.46	0.72	-0.04	0.67	0.37	-0.51	-0.2	-0.15	0.18	0.48
Income Tax Expense	0.4	0.55	0.28	-0.39	-0.5	0.07	0.14		0.15	0.38	0.47	-0.26	0.84	0.21	-0.8	0.04	0.3	-0.18	-0.21	0.38	0.06	0.19	-0.23	-0.38
Depreciation And Amortization	0.75	0.87	0.48	-0.61	-0.38	0.91	0.73	0.15		0.92	0.81	0.27	0.36	-0.67	-0.61	0.76	-0.41	0.58	0.74	-0.68	-0.16	-0.64	0.73	0.57
Other Operating Expenses	0.84	0.97	0.5	-0.68	-0.52	0.8	0.6	0.38	0.92		0.91	0.17	0.46	-0.59	-0.75	0.72	-0.32	0.37	0.68	-0.54	-0.14	-0.6	0.71	0.4
Cost Of Revenue	0.66	0.94	0.14	-0.54	-0.41	0.73	0.66	0.47	0.81	0.91		-0.22	0.62	-0.41	-0.74	0.73	-0.16	0.27	0.49	-0.41	-0.1	-0.4	0.52	0.3
Total Operating Expenses	0.25	0.08	0.8	-0.23	-0.11	0.18	-0.05	-0.26	0.27	0.17	-0.22		-0.38	-0.27	0.03	-0.06	-0.31	0.14	0.29	-0.24	0.01	-0.29	0.33	0.18
Income Before Tax	0.35	0.64	0.12	-0.3	-0.28	0.38	0.59	0.84	0.36	0.46	0.62	-0.38		0.16	-0.75	0.36	0.26	0.24	-0.01	0.17	-0.05	0.1	-0.18	-0.17
Total Other Income Expense Net	-0.71	-0.42	-0.38	0.5	0.37	-0.58	-0.19	0.21	-0.67	-0.59	-0.41	-0.27	0.16		0.27	-0.49	0.53	-0.47	-0.77	0.74	0.25	0.86	-0.86	-0.71
Selling And Marketing Expenses	-0.78	-0.84	-0.5	0.82	0.8	-0.4	-0.46	-0.8	-0.61	-0.75	-0.74	0.03	-0.75	0.27		-0.44	0.0	-0.26	-0.27	0.23	0.17	0.23	-0.21	-0.2
Selling General Administrative	0.52	0.67	0.12	-0.43	-0.24	0.73	0.72	0.04	0.76	0.72	0.73	-0.06	0.36	-0.49	-0.44		-0.53	0.6	0.63	-0.63	-0.36	-0.53	0.55	0.55
Minority Interest	-0.38	-0.17	-0.27	0.21	0.06	-0.42	-0.04	0.3	-0.41	-0.32	-0.16	-0.31	0.26	0.53	0.0	-0.53		-0.3	-0.56	0.44	0.2	0.6	-0.61	-0.36
Net Income From Continuing Ops	0.45	0.29	0.24	-0.42	-0.18	0.58	0.67	-0.18	0.58	0.37	0.27	0.14	0.24	-0.47	-0.26	0.6	-0.3		0.71	-0.68	-0.37	-0.56	0.37	0.68
Non Operating Income Net Other	0.73	0.49	0.41	-0.49	-0.23	0.74	0.37	-0.21	0.74	0.68	0.49	0.29	-0.01	-0.77	-0.27	0.63	-0.56	0.71		-0.72	-0.23	-0.94	0.87	0.59
Tax Provision	-0.53	-0.39	-0.2	0.58	0.41	-0.5	-0.51	0.38	-0.68	-0.54	-0.41	-0.24	0.17	0.74	0.23	-0.63	0.44	-0.68	-0.72		0.48	0.65	-0.68	-0.95
Interest Income	-0.34	-0.11	-0.13	0.2	0.26	-0.09	-0.2	0.06	-0.16	-0.14	-0.1	0.01	-0.05	0.25	0.17	-0.36	0.2	-0.37	-0.23	0.48		0.34	-0.19	-0.42
Net Interest Income	-0.77	-0.4	-0.44	0.43	0.25	-0.65	-0.15	0.19	-0.64	-0.6	-0.4	-0.29	0.1	0.86	0.23	-0.53	0.6	-0.56	-0.94	0.65	0.34		-0.91	-0.52
Reconciled Depreciation	0.7	0.51	0.39	-0.41	-0.22	0.71	0.18	-0.23	0.73	0.71	0.52	0.33	-0.18	-0.86	-0.21	0.55	-0.61	0.37	0.87	-0.68	-0.19	-0.91		0.52
Extraordinary Items	0.43	0.28	0.13	-0.56	-0.44	0.36	0.48	-0.38	0.57	0.4	0.3	0.18	-0.17	-0.71	-0.2	0.55	-0.36	0.68	0.59	-0.95	-0.42	-0.52	0.52

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Pinnacle West Account Relationship Matchups

Pinnacle West income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	216.7M	229.0M	233.3M	255.5M	331.3M	347.9M
Total Revenue	3.5B	3.6B	3.8B	4.3B	4.7B	3.1B
Gross Profit	1.5B	1.6B	1.7B	1.7B	1.8B	1.8B
Operating Income	672.0M	788.2M	805.3M	731.9M	824.6M	679.8M
Ebit	672.0M	844.5M	917.9M	830.4M	865.3M	692.1M
Ebitda	1.3B	1.5B	1.6B	1.6B	1.7B	1.4B
Net Income	538.3M	550.6M	618.7M	483.6M	501.6M	296.8M
Income Tax Expense	(15.8M)	78.2M	110.1M	74.8M	76.9M	111.3M
Depreciation And Amortization	646.3M	686.3M	719.1M	817.8M	854.1M	543.4M
Other Operating Expenses	2.8B	2.8B	3.0B	3.6B	3.9B	2.8B
Cost Of Revenue	2.0B	2.0B	2.1B	2.6B	2.9B	1.6B
Total Operating Expenses	815.4M	846.5M	891.9M	976.1M	1.0B	849.7M
Income Before Tax	542.0M	648.2M	746.0M	575.7M	595.7M	548.4M
Total Other Income Expense Net	(129.9M)	(139.9M)	(59.3M)	(156.3M)	(228.9M)	(217.5M)
Net Income Applicable To Common Shares	538.3M	550.6M	618.7M	483.6M	556.1M	400.1M
Selling General Administrative	222.3M	224.5M	232.1M	241.0M	277.2M	151.7M
Net Income From Continuing Ops	557.8M	570.1M	635.9M	500.8M	494.8M	557.9M
Non Operating Income Net Other	109.0M	86.8M	89.0M	174.0M	200.1M	210.1M
Tax Provision	(15.8M)	78.2M	146.6M	111.1M	65.4M	111.3M
Interest Income	10.4M	12.2M	186.2M	223.5M	24.2M	22.9M
Net Interest Income	(206.3M)	(229.0M)	(233.3M)	(248.2M)	(289.5M)	(304.0M)
Reconciled Depreciation	664.1M	686.3M	650.9M	817.8M	841.1M	773.4M
Extraordinary Items	124.1M	50.5M	36.6M	36.2M	41.7M	44.9M

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Pinnacle Historical Income Statement

About Pinnacle Income Statement Analysis

Pinnacle West Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Net Income

Pinnacle West income statement Correlations

Pinnacle West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pinnacle West income statement Accounts

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Other Operating Expenses	+ 0.97	Total Revenue
Cost Of Revenue	+ 0.94	Total Revenue
Ebit	+ 0.93	Operating Income
Other Operating Expenses	+ 0.92	Depreciation And Amortization
Depreciation And Amortization	+ 0.91	Ebitda
Cost Of Revenue	+ 0.91	Other Operating Expenses

Extraordinary Items	- 0.95	Tax Provision
Net Interest Income	- 0.94	Non Operating Income Net Other
Reconciled Depreciation	- 0.91	Net Interest Income
Reconciled Depreciation	- 0.86	Total Other Income Expense Net
Selling And Marketing Expenses	- 0.84	Total Revenue
Operating Income	- 0.81	Interest Expense