PNW Q3 2021 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q3 2021 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.3B+4.3% YoY

Gross Profit

$648M49.6% margin

Operating Income

$429M32.8% margin

Net Income

$340M26.0% margin

EPS (Diluted)

$3.00

QoQ Revenue Growth

+30.8%

Cash Flow

Operating Cash Flow

$348M

Free Cash Flow

$23M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$21.5B

Total Liabilities

$15.3B

Stockholders' Equity

$6.1B

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.3B	+4.3%
Gross Profit	$648M	$664M	-2.4%
Operating Income	$429M	$455M	-5.6%
Net Income	$340M	$346M	-1.9%

Revenue Segments

Electric and Transmission Service

$1.3B90%

Electric Service

$109M7%

Transmission Services

$36M2%

Other Services

$1M0%