# PINNACLE WEST CAPITAL CORPORATION (PNW) FY2026 Q2 Statement of Cash Flows

- Company: PINNACLE WEST CAPITAL CORPORATION (PNW)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-04, accession number 0000764622-26-000041
- Page: https://plicit.ai/financials/pnw/fy2026-q2-cash-flow
- Chart image: https://plicit.ai/charts/pnw-fy2026-q2-cash-flow-sankey.png

## Chart details

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Mar 31, 2026**: 6,409,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 393,976,000 US dollars. Net cash provided.
- **Net income**: 180,767,000 US dollars
- **Depreciation and amortization including nuclear fuel**: 257,408,000 US dollars
- **Allowance for equity funds used during construction**: negative 17,052,000 US dollars
- **Deferred income taxes**: 20,648,000 US dollars
- **Deferred investment tax credit**: negative 4,163,000 US dollars
- **Stock compensation**: 4,606,000 US dollars
- **Customer and other receivables**: negative 278,305,000 US dollars
- **Accrued unbilled revenues**: negative 74,429,000 US dollars
- **Materials, supplies and fossil fuel**: negative 62,087,000 US dollars
- **Income tax receivable**: 4,922,000 US dollars
- **Deferred fuel and purchased power**: negative 42,804,000 US dollars
- **Deferred fuel and purchased power amortization**: 159,673,000 US dollars
- **Other current assets**: negative 19,897,000 US dollars
- **Accounts payable**: 29,703,000 US dollars
- **Accrued taxes**: negative 51,094,000 US dollars
- **Other current liabilities**: 62,984,000 US dollars
- **Change in long-term regulatory assets**: 16,463,000 US dollars
- **Change in long-term regulatory liabilities**: 67,370,000 US dollars
- **Change in other long-term assets**: negative 109,695,000 US dollars
- **Change in operating lease assets**: 38,572,000 US dollars
- **Change in other long-term liabilities**: 239,794,000 US dollars
- **Change in operating lease liabilities**: negative 29,408,000 US dollars
- **Investing activities**: negative 648,750,000 US dollars. Net cash used.
- **Capital expenditures**: negative 728,667,000 US dollars
- **Contributions in aid of construction**: 87,073,000 US dollars
- **Allowance for borrowed funds used during construction**: negative 11,402,000 US dollars
- **Proceeds from nuclear decommissioning trusts sales and other special use funds**: 485,393,000 US dollars
- **Investment in nuclear decommissioning trusts and other special use funds**: negative 477,268,000 US dollars
- **Other**: negative 3,879,000 US dollars
- **Financing activities**: 257,489,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Other), so Capital activities by noncontrolling interests, Short-term debt borrowings under term loan facility and Repayment of long-term debt cannot be separated for this quarter. It may combine inflows and outflows.
- **Issuance of long-term debt**: 497,825,000 US dollars
- **Short-term borrowings and (repayments), net**: 224,500,000 US dollars
- **Dividends paid on common stock**: negative 110,278,000 US dollars
- **Common stock equity issuance and (purchases), net**: 113,000 US dollars
- **Remaining financing cash flows, net (calculated)**: negative 354,671,000 US dollars
- **Operating adjustment reconciliation**: 902,143,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing displayed reconciliation**: 722,438,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- **investing gross reconciliation**: 1,221,216,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: 0 US dollars
- **Ending cash on Jun 30, 2026**: 9,124,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 657,874,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 2,715,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 2.18×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 393,976,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **cash spent on productive assets**: 728,667,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: negative 334,691,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $213.21M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash spent on productive assets equals free cash flow: 393,976,000 US dollars minus 728,667,000 US dollars equals negative 334,691,000 US dollars.