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Pinnacle West Capital PNW Electric Service — Total Operating Revenues

Discontinued — last reported Q4 '21

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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$12.4B+7.4%
Enterprise value$27.54B+16.4%
P/E18.6×-0.4×
P/S2.3×+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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Pinnacle West Capital’s 10-K, filed February 25, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pinnacle West Capital's electric service — total operating revenues?
Pinnacle West Capital (PNW) reported electric service — total operating revenues of $358.85M in Q4 2021.
What does electric service — total operating revenues mean?
The total amount of money earned from providing electricity services to customers.
How do you interpret electric service — total operating revenues?
An increase typically signals growth in the customer base, higher electricity consumption due to economic or weather factors, or successful regulatory rate increases. A decrease may indicate reduced demand, energy efficiency gains, or lower authorized rates.
How does electric service — total operating revenues compare across companies?
This is a standard revenue line item for vertically integrated electric utilities, comparable to 'Electric Operating Revenues' reported by peer investor-owned utilities.