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Pinnacle West Capital PNW Accumulated Deferred Investment Tax Credit

Accumulated Deferred Investment Tax Credit at other companies

EVR
EvergyEVRG
$153.8M-3.5%
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Duke EnergyDUK
$976M+10.7%

Other financials

Income statement

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Revenue$1.1B+11.4%
Gross profit$712.9M+9.3%
Operating income$131.2M+129%
Net income$35.1M+10,489%
EPS (diluted)$0.27+775%

Balance sheet

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Cash & equivalents$6.4M-36.2%
Total debt$15.1B+24.8%
Total equity$7.1B+4.9%
Total assets$30.7B+12.7%

Cash flow

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Operating cash flow$235.3M-41.5%
CapEx$628.4M+0.9%
Free cash flow-$393.1M-78.1%

Valuation

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Market cap$12.24B+10.9%
Enterprise value$27.38B+9.4%
P/E18.4×-0.2×
P/S2.2×+0.1×

Profitability

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Gross margin63.5%-1.0pp
Operating margin20.9%+1.7pp
Net margin12.2%+0.6pp
FCF margin-18.9%+14.3pp

Returns & leverage

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Return on equity9.7%+0.3pp
Debt / equity2.1×+0.3×
Current ratio0.6×+0.1×

Where this comes from

Reported directly by Pinnacle West Capital in its filing.

Tagged under the XBRL concept us-gaap:AccumulatedDeferredInvestmentTaxCredit.

The source filing: Pinnacle West Capital’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 8:24 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000764622-26-000025
Line itemMarch 31,2026December 31,2025
Liabilities for asset retirements1,229,3691,198,601
Customer advances618,106632,169
Coal mine reclamation161,686159,587
Deferred investment tax credit307,171308,261
Unrecognized tax benefits106,924105,484
Operating lease liabilities (Note 17)4,011,0943,548,365
Other241,058249,171
Total deferred credits and other11,082,26410,577,822

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's accumulated deferred investment tax credit?
Pinnacle West Capital (PNW) reported accumulated deferred investment tax credit of $307.17M in Q1 2026.
How has Pinnacle West Capital's accumulated deferred investment tax credit changed year-over-year?
Pinnacle West Capital's accumulated deferred investment tax credit increased by 23.1% year-over-year, from $249.53M to $307.17M.
What is the long-term trend for Pinnacle West Capital's accumulated deferred investment tax credit?
Over 5 years (2020 to 2025), Pinnacle West Capital's accumulated deferred investment tax credit has grown at a 10.0% compound annual growth rate (CAGR), from $191.37M to $308.26M.
What does accumulated deferred investment tax credit mean?
This represents the unamortized portion of investment tax credits that have been deferred to be recognized as a reduction in income tax expense over the life of the related assets. It is a regulatory accounting mechanism specific to capital-intensive industries.

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