PNW Q2 2021 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q2 2021 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.0B+7.6% YoY

Gross Profit

$501M50.1% margin

Operating Income

$278M27.8% margin

Net Income

$216M21.6% margin

EPS (Diluted)

$1.91

QoQ Revenue Growth

+43.6%

Cash Flow

Operating Cash Flow

$110M

Free Cash Flow

-$207M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$21.1B

Total Liabilities

$15.2B

Stockholders' Equity

$5.7B

Cash & Equivalents

$14M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$930M	+7.6%
Gross Profit	$501M	$472M	+6.1%
Operating Income	$278M	$262M	+6.3%
Net Income	$216M	$194M	+11.4%

Revenue Segments

Electric and Transmission Service

$980M95%

Transmission Services

$23M2%

Electric Service

$18M2%

Other Services

$7M1%