Pinnacle west capital corporation (PNW)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
OPERATING REVENUES

-

-

-

-

-

-

-

-

-

-

3,149

3,127

Marketing and trading

-

-

-

-

-

-

-

-

-

-

-

66

Other revenues

-

-

-

-

-

-

-

-

-

-

4

25

OPERATING REVENUES (NOTE 2)

3,471

3,691

3,565

3,498

3,495

3,491

3,454

3,301

3,241

3,189

3,153

3,219

OPERATING EXPENSES
Fuel and purchased power

1,042

1,076

981

1,075

1,101

1,179

1,095

994

1,009

1,046

1,178

1,284

Marketing and trading fuel and purchased power

-

-

-

-

-

-

-

-

-

-

-

45

Operations and maintenance

941

1,036

949

931

868

908

924

884

904

870

822

765

Depreciation and amortization

590

582

534

485

494

417

415

404

427

414

407

391

Taxes other than income taxes

218

212

184

166

171

172

164

159

147

135

123

124

Other expenses

5

9

6

3

4

2

7

6

6

7

5

26

Total

2,799

2,917

2,655

2,663

2,640

2,680

2,608

2,450

2,494

2,474

2,537

2,637

OPERATING INCOME

671

773

909

835

854

811

846

851

746

714

616

582

OTHER INCOME (DEDUCTIONS)
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity

31

52

47

42

35

30

25

22

23

22

14

18

Pension and Other Postretirement Benefits Cost (Reversal of Cost)

-22

-49

-24

-20

-

-

-

-

-

-

-

-

Other income (Note 9)

50

24

4

0

0

9

1

1

3

6

5

9

Other expense (Note 9)

17

17

21

15

17

21

16

19

10

9

14

31

Total

86

109

54

48

18

18

11

4

16

18

5

-3

INTEREST EXPENSE
Interest charges

235

243

219

205

194

200

201

214

241

244

237

219

Allowance for borrowed funds used during construction

18

25

22

19

16

15

-14

-14

-18

-16

-10

-14

Total

216

218

197

185

178

185

187

199

223

227

227

205

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

542

664

766

697

693

644

670

656

539

505

394

373

INCOME TAXES

-15

133

258

236

237

220

230

237

183

160

138

95

INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

418

355

344

256

278

Net of income tax benefit of $(3,813) (Note 1)

-

-

-

-

-

-

-

-5

11

25

-183

-18

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

557

530

507

461

456

423

439

413

366

370

72

259

Less: Net income attributable to noncontrolling interests (Note 6)

19

19

19

19

18

26

33

31

27

20

4

17

NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS

538

511

488

442

437

397

406

381

339

350

68

242

WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares)

112

112

111

111

111

110

109

109

109

106

101

100

WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares)

112

112

112

112

111

111

110

110

109

107

101

100

Earnings Per Share [Abstract]
Income from continuing operations attributable to common shareholders  basic (in dollars per share)

-

-

-

-

-

-

-

3.54

3.01

3.05

2.34

2.59

Net income attributable to common shareholders - basic (in dollars per share)

4.79

4.56

4.37

3.97

3.94

3.59

3.69

3.48

3.11

3.28

0.68

2.40

Income from continuing operations attributable to common shareholders  diluted (in dollars per share)

-

-

-

-

-

-

-

3.50

2.99

3.03

2.34

2.58

Net income attributable to common shareholders - diluted (in dollars per share)

4.77

4.54

4.35

3.95

3.92

3.58

3.66

3.45

3.09

3.27

0.67

2.40

DIVIDENDS DECLARED PER SHARE (in dollars per share)

-

-

-

-

-

-

-

-

-

2.10

2.10

2.10

AMOUNTS ATTRIBUTABLE TO COMMON SHAREHOLDERS:
Income from continuing operations, net of tax

-

-

-

-

-

-

-

387

328

324

236

260

Discontinued operations, net of tax

-

-

-

-

-

-

-

-5

11

25

-168

-18

Net income attributable to common shareholders

538

511

488

442

437

-

-

-

339

350

68

242

Arizona Public Service Company [Member]
OPERATING REVENUES (NOTE 2)

3,471

3,688

3,557

3,498

-

-

-

-

-

-

-

-

Fuel and purchased power

1,042

1,094

992

1,082

-

-

-

-

-

-

-

-

Operations and maintenance

926

969

917

902

-

-

-

-

-

-

-

-

Depreciation and amortization

590

580

532

484

-

-

-

-

-

-

-

-

Taxes other than income taxes

218

212

183

166

-

-

-

-

-

-

-

-

Other expenses

5

2

6

3

-

-

-

-

-

-

-

-

Total

2,784

2,858

2,633

2,639

-

-

-

-

-

-

-

-

OPERATING INCOME

686

829

924

858

-

-

-

-

-

-

-

-

Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity

31

52

47

42

-

-

-

-

-

-

-

-

Pension and Other Postretirement Benefits Cost (Reversal of Cost)

-24

-51

-24

-20

-

-

-

-

-

-

-

-

Other income (Note 9)

46

22

3

0

-

-

-

-

-

-

-

-

Other expense (Note 9)

12

15

13

10

-

-

-

-

-

-

-

-

Total

89

111

60

52

-

-

-

-

-

-

-

-

Interest charges

220

231

214

202

-

-

-

-

-

-

-

-

Allowance for borrowed funds used during construction

18

25

22

19

-

-

-

-

-

-

-

-

Total

201

206

192

183

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

575

734

792

727

-

-

-

-

-

-

-

-

INCOME TAXES

-9

144

269

245

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

584

589

523

481

-

-

-

-

-

-

-

-

Less: Net income attributable to noncontrolling interests (Note 6)

19

19

19

19

-

-

-

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS

565

570

504

462

-

-

-

-

-

-

-

-