PNWPinnacle West Capital Corporation

$12B

Q4 2020 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$741M+10.5% YoY

Gross Profit

$246M33.3% margin

Operating Income

$31M4.2% margin

Net Income

-$19M-2.6% margin

EPS (Diluted)

$-0.17

QoQ Revenue Growth

-40.9%

Cash Flow

Operating Cash Flow

$194M

Free Cash Flow

-$161M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$20.0B

Total Liabilities

$14.3B

Stockholders' Equity

$5.6B

Cash & Equivalents

$60M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$741M	$670M	+10.5%
Gross Profit	$246M	$216M	+14.1%
Operating Income	$31M	$12M	+157.1%
Net Income	-$19M	$64M	-130.3%

Revenue Segments

Electric Service

$1.9B100%

PNW Q4 2020 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena