FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

PNW
2026-06-30 · figures in $M

FCF DOWN

Free cash flow moved from -$639.4M to -$819.5M — the lowest of its last 8 readings.

CASH FROM OPS +12.1%
1,805 33.8% MGN
CAPITAL EXPENDITURE +16.7%
2,625
FREE CASH FLOW —
-820
FCF / NET INCOME —
-1.30× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
531 558 570 636 501 519 626 632 +0.9% 651 2024-09-30 · $399.3M2024-12-31 · -$2.5M2025-03-31 · -$338.0K2025-06-30 · $196.9M2025-09-30 · $417.5M2025-12-31 · $17.6M2026-03-31 · $35.1M2026-06-30 · $180.8M
Depreciation & amortization
651 664 686 719 818 854 956 970 +1.4% 995
Stock-based comp
20 18 18 18 16 17 24 27 +16.7% 28
Cash from operations
1,277 957 966 860 1,241 1,208 1,610 1,805 +12.1% 1,771 2024-09-30 · $633.2M2024-12-31 · $439.5M2025-03-31 · $401.9M2025-06-30 · $261.4M2025-09-30 · $665.0M2025-12-31 · $476.8M2026-03-31 · $235.3M2026-06-30 · $394.0M
Cash conversion
2.41× 1.72× 1.70× 1.35× 2.48× 2.33× 2.57× 2.86× +11.1% 2.72×
Capital expenditures
(1,178) (1,191) (1,327) (1,473) (1,707) (1,846) (2,249) (2,625) +16.7% (2,650)
Free cash flow
99 -235 -360 -613 -466 -639 -639 -820 — -879 2024-09-30 · -$32.7M2024-12-31 · -$92.1M2025-03-31 · -$220.7M2025-06-30 · -$448.1M2025-09-30 · $42.0M2025-12-31 · -$192.7M2026-03-31 · -$393.1M2026-06-30 · -$334.7M
FCF margin
2.7% -6.8% -10.0% -16.1% -10.8% -13.6% -12.5% -15.3% — -15.8%
Cash from investing
-1,193 -1,131 -1,278 -1,387 -1,618 -1,694 -1,934 -2,379 — -2,326
Dividends paid
309 330 351 369 379 386 395 423 +7.1% 431
Share repurchases
NOT DISCLOSED
— — — — 3 4 — — — —
Debt repayment
182 600 915 0 150 33 875 800 -8.6% —
Cash from financing
-92 179 361 477 371 487 323 576 +78.6% 545
Net change in cash
-8 5 50 -50 -5 0 -1 3 — -10
Ending cash balance
6 10 60 10 5 5 4 7 +72.1% 9

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM-639 CASH FROM OPERATIONS+195 CAPITAL EXPENDITURES-375 ROUNDING-1 TO-820
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-04 ↗