PINNACLE WEST CAPITAL CORP
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
PNW$105.96+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Arizona Public Service Company
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| OPERATING REVENUES (Note 2) | $1,768,801 | $1,637,759 | $4,029,507 | $3,704,417 |
| OPERATING EXPENSES | ||||
| Fuel and purchased power | 631,382 | 614,520 | 1,426,418 | 1,416,778 |
| Operations and maintenance | 306,116 | 247,200 | 832,383 | 765,717 |
| Depreciation and amortization | 229,430 | 203,417 | 664,699 | 590,381 |
| Taxes other than income taxes | 52,763 | 53,154 | 170,507 | 167,908 |
| Other expense | 145 | 350 | 2,306 | 1,648 |
| Total | 1,219,836 | 1,118,641 | 3,096,313 | 2,942,432 |
| OPERATING INCOME | 548,965 | 519,118 | 933,194 | 761,985 |
| OTHER INCOME (DEDUCTIONS) | ||||
| Allowance for equity funds used during construction | 9,588 | 11,976 | 28,790 | 40,071 |
| Pension and other postretirement non-service credits - net (Note 5) | 12,400 | 10,408 | 37,241 | 31,209 |
| Other income (Note 9) | 4,879 | 8,720 | 16,325 | 19,487 |
| Other expense (Note 9) | (3,346) | (3,633) | (9,134) | (10,385) |
| Total | 23,521 | 27,471 | 73,222 | 80,382 |
| INTEREST EXPENSE | ||||
| Interest charges | 90,866 | 83,433 | 271,139 | 238,385 |
| Allowance for borrowed funds used during construction | (11,901) | (8,701) | (36,078) | (29,597) |
| Total | 78,965 | 74,732 | 235,061 | 208,788 |
| Income Before Income Taxes | 493,521 | 471,857 | 771,355 | 633,579 |
| Income Taxes | 81,491 | 65,734 | 123,795 | 89,244 |
| Net Income | 412,030 | 406,123 | 647,560 | 544,335 |
| Less: Net income attributable to noncontrolling interests (Note 6) | 4,306 | 4,306 | 12,918 | 12,918 |
| Net Income Attributable to Common Shareholder | $407,724 | $401,817 | $634,642 | $531,417 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.