ARIZONA PUBLIC SERVICE CO

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

PNW$105.26+1.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

APS Consolidated Statements of Changes in Equity for

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

Common Stock · Additional Paid-In Capital · Retained Earnings · Accumulated Other Comprehensive Income (Loss) · Noncontrolling Interests · Total
Shares · Amount
Balance, December 31, 2022	71,264,947		$178,162		$3,171,696		$3,607,464		$(15,596)		$111,229		$7,052,955
Equity infusion from Pinnacle West		—		150,000		—		—		—		150,000
Net income		—		—		547,337		—		17,224		564,561
Other comprehensive loss		—		—		—		(1,623)		—		(1,623)
Dividends on common stock		—		—		(395,500)		—		—		(395,500)
Capital activities by noncontrolling interests		—		—		—		—		(21,255)		(21,255)
Other		—		—		(2)		—		—		(2)
Balance, December 31, 2023	71,264,947		178,162		3,321,696		3,759,299		(17,219)		107,198		7,349,136
Equity infusion from Pinnacle West		—		795,000		—		—		—		795,000
Net income		—		—		641,925		—		17,224		659,149
Other comprehensive income		—		—		—		3,103		—		3,103
Dividends on common stock		—		—		(408,800)		—		—		(408,800)
Capital activities by noncontrolling interests		—		—		—		—		(21,255)		(21,255)
Other		—		—		(1)		—		—		(1)
Balance, December 31, 2024	71,264,947		178,162		4,116,696		3,992,423		(14,116)		103,167		8,376,332
Equity infusion from Pinnacle West		—		375,000		—		—		—		375,000
Net income		—		—		667,315		—		15,112		682,427
Other comprehensive loss		—		—		—		(1,341)		—		(1,341)
Dividends on common stock		—		—		(432,500)		—		—		(432,500)
Capital activities by noncontrolling interests		—		—		—		—		(18,041)		(18,041)
Deconsolidation of noncontrolling interests (a)		—		—		—		—		(59,621)		(59,621)
Other		—		—		(1)		—		—		(1)
Balance, December 31, 2025	71,264,947		$178,162		$4,491,696		$4,227,237		$(15,457)		$40,617		$8,922,255

(a)See Note 12 for information related to the Palo Verde sale leaseback purchases.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.