PNW FY 2023 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

FY 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$4.7B+8.6% YoY

Gross Profit

$1.8B39.3% margin

Operating Income

$825M17.6% margin

Net Income

$502M10.7% margin

EPS (Diluted)

$4.41

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

-$639M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$24.7B

Total Liabilities

$18.4B

Stockholders' Equity

$6.2B

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.7B	$4.3B	+8.6%
Gross Profit	$1.8B	$1.7B	+8.0%
Operating Income	$825M	$732M	+12.7%
Net Income	$502M	$484M	+3.7%