PINNACLE WEST CAPITAL CORP
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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.
Mar 31, 2025 · Filed May 1, 2025
PNW$105.96+0.7%Stored close · as of Nov 10, 2026
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APS Condensed Consolidated Statements of Income for
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| OPERATING REVENUES (Note 4) | $1,032,280 | $951,712 |
| OPERATING EXPENSES | ||
| Fuel and purchased power | 380,071 | 357,864 |
| Operations and maintenance | 296,651 | 253,593 |
| Depreciation and amortization | 234,923 | 210,273 |
| Taxes other than income taxes | 59,336 | 59,078 |
| Other expense | 584 | 20 |
| Total | 971,565 | 880,828 |
| OPERATING INCOME | 60,715 | 70,884 |
| OTHER INCOME (DEDUCTIONS) | ||
| Allowance for equity funds used during construction | 13,249 | 10,292 |
| Pension and other postretirement non-service credits - net (Note 7) | 3,200 | 11,773 |
| Other income (Note 11) | 5,722 | 6,855 |
| Other expense (Note 11) | (2,333) | (2,894) |
| Total | 19,838 | 26,026 |
| INTEREST EXPENSE | ||
| Interest charges | 88,771 | 86,979 |
| Allowance for borrowed funds used during construction | (10,102) | (13,141) |
| Total | 78,669 | 73,838 |
| Income Before Income Taxes | 1,884 | 23,072 |
| Income taxes (benefit) | (2,701) | 3,649 |
| Net Income | 4,585 | 19,423 |
| Less: Net income attributable to noncontrolling interests (Note 8) | 4,306 | 4,306 |
| Net Income Attributable to Common Shareholder | $279 | $15,117 |
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