Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.50B | $3.57B | $3.69B | $3.47B | $3.59B | $3.80B | $4.32B | $4.70B | $5.12B | $5.34B |
| Revenue growth | — | 1.9% | 3.5% | -6.0% | 3.3% | 6.0% | 13.7% | 8.6% | 9.1% | 4.2% |
| Operating income | $836M | $910M | $774M | $672M | $788M | $805M | $732M | $825M | $1.01B | $1.07B |
| Operating margin | 23.9% | 25.5% | 21.0% | 19.4% | 22.0% | 21.2% | 16.9% | 17.6% | 19.7% | 20.0% |
| Net income | $462M | $508M | $531M | $558M | $570M | $636M | $501M | $519M | $626M | $632M |
| Net margin | 13.2% | 14.2% | 14.4% | 16.1% | 15.9% | 16.7% | 11.6% | 11.0% | 12.2% | 11.8% |
| EPS (diluted) | $3.95 | $4.35 | $4.54 | $4.77 | $4.87 | $5.47 | $4.26 | $4.41 | $5.24 | $5.05 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.02B | $1.12B | $1.28B | $957M | $966M | $860M | $1.24B | $1.21B | $1.61B | $1.81B |
| Capital expenditures | $1.28B | $1.41B | $1.18B | $1.19B | $1.33B | $1.47B | $1.71B | $1.85B | $2.25B | $2.62B |
| Free cash flow | -$252M | -$291M | $99.0M | -$235M | -$360M | -$613M | -$466M | -$639M | -$639M | -$820M |
| Share buybacks | — | — | — | — | — | — | $2.65M | $4.09M | — | — |
| Dividends paid | $274M | $290M | $309M | $330M | $351M | $369M | $379M | $386M | $395M | $423M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $8.88M | $13.9M | $5.77M | $10.3M | $60.0M | $9.97M | $4.83M | $4.96M | $3.84M | $6.60M |
| Total assets | $16.0B | $17.0B | $17.7B | $18.5B | $20.0B | $22.0B | $22.7B | $24.7B | $26.1B | $30.0B |
| Long-term debt | $4.02B | $4.79B | $4.64B | $4.83B | $6.31B | $6.91B | $7.74B | $7.54B | $8.06B | $9.21B |
| Shareholders' equity | $4.80B | $5.01B | $5.22B | $5.43B | $5.63B | $5.91B | $6.05B | $6.18B | $6.75B | $7.05B |
| Retained earnings | $2.26B | $2.44B | $2.64B | $2.84B | $3.03B | $3.26B | $3.36B | $3.47B | $3.67B | $3.85B |
| Shares (wtd avg diluted) | 112M | 112M | 113M | 113M | 113M | 113M | 113M | 114M | 116M | 122M |
Every figure is extracted from PINNACLE WEST CAPITAL CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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