Pinnacle West Capital Revenue, Profits - PNW Annual Income Statement

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$82.27 $0.57 (0.7%) PNW stock closing price Aug 17, 2018 (Closing)

Looking at financial statements, along with the Pinnacle West Capital stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. The income statement is a summary of the revenue or sales, expenses and profitability - shown as Net Income, or lack of it. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the PNW stock is bound to reflect the impact of the YOY growth of 1.9%. Along with Pinnacle West Capital assets and Pinnacle West Capital free cash flow, Pinnacle West Capital profits as shown in profit and loss statement give key insights about the business. The net profit for 2017 is $488.45M and the 2017 revenue is $3.57B.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Pinnacle West Capital Revenues or Net Sales
3.57B3.5B3.5B3.49B3.45B3.3B3.24B3.26B3.3B3.37B
Cost Of Goods Sold (COGS)1.91B1.99B1.97B2.09B2.02B1.88B1.91B1.92B2.05B2.14B
Pinnacle West Capital Gross Profit
1.66B1.51B1.53B1.4B1.43B1.42B1.33B1.34B1.24B1.23B
Research & Development Expense----------
Selling General & Admin Expense191M170.04M176.74M175.17M172.16M166.15M154.06M200.98M517.02M361.88M
Income Before Depreciation Depletion Amortization1.47B1.34B1.35B1.23B1.26B1.26B1.17B1.14B726.1M867.65M
Depreciation Depletion Amortization534.11M485.82M494.42M417.35M415.7M404.33M427.05M414.55M404.33M390.35M
Non Operating Income51.59M47.67M34.27M34.1M26.12M19.17M34.72M35.2M6.39M-0.86M
Interest Expense219.79M205.72M194.96M200.95M201.88M214.61M241.99M244.17M223.11M197.47M
Pinnacle West Capital Pretax Income
766.22M697.93M693.91M644.4M670.55M656.31M539.23M514.91M105.05M278.96M
Provision for Income Taxes258.27M236.41M237.72M220.7M230.59M237.31M183.6M164.32M37.82M65.4M
MinorityInterest19.49M19.49M18.93M26.1M33.89M31.62M27.46M20.15M-14.77M-
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations507.94M461.52M456.19M423.69M439.96M418.99M355.63M350.59M67.23M213.55M
Extraordinary Items & Discontinued Operations------5.82M11.3M19.61M-13.67M28.56M
Pinnacle West Capital Profit/ Loss (Net Income)
488.45M442.03M437.25M397.59M406.07M381.54M339.47M350.05M68.33M242.12M
Average Shares used to compute Diluted EPS112.37M112.05M111.55M111.18M110.81M110.53M109.86M107.14M101.26M100.97M
Average Shares used to compute Basic EPS111.84M111.41M111.03M110.63M109.98M109.51M109.05M106.57M101.16M100.69M
Income Before Nonrecurring Items488.46M442.03M437.26M397.6M406.07M387.38M328.17M337.14M235.5M246.06M
Income from Nonrecurring Items--------6.7M-153.49M-32.5M
Pinnacle West Capital Earnings Per Share Basic Net
4.373.973.943.593.693.483.113.290.682.40
Pinnacle West Capital Earnings Per Share Diluted Net
4.353.953.923.583.663.453.093.270.682.40
EPS Diluted Before Nonrecurring Items4.353.953.923.583.663.502.993.152.332.44
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common2.662.532.412.302.202.122.102.102.102.10
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Pinnacle West Capital stock analysis are:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: Pinnacle West Capital revenue chart implies that the company is growing. It has been the case with Pinnacle West Capital. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. PNW stock had a healthy bottom line growth.

The income statement is also called statement of revenue and expense. The PNW financials along with Pinnacle West Capital historical stock prices provide a lot of details about the firm.

Pinnacle West Capital Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
19.64
PS Ratio (price sales ratio)
2.54
Operating Margin
24.9
Net Profit Margin
17.1
Dividend Yield
3.38%