FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

PNW
2026-06-30 · figures in $M

FCF UP

Free cash flow moved from -$393.1M to -$334.7M.

CASH FROM OPS +67.4%
394 27.1% MGN
CAPITAL EXPENDITURE +16.0%
729
FREE CASH FLOW —
-335
FCF / NET INCOME —
-1.85× TARGET >1.0×
Cash flow 24-09 24-12 25-03 25-06 25-09 25-12 26-03 QoQ YoY TTM 8Q
Net income
10-Q
399 -3 -0 197 418 18 35 181 5.1× -8.2% 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
246 245 251 242 239 238 260 257 -0.9% +6.6% 995
Stock-based comp
6 7 7 5 9 6 8 5 -44.2% -11.4% 28
Cash from operations
633 439 402 261 665 477 235 394 +67.4% +50.7% 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
NOT DISCLOSED
1.59× — — 1.33× 1.59× 27.09× 6.70× 2.18× -67.5% +64.1% 2.72×
Capital expenditures
(666) (532) (623) (710) (623) (670) (628) (729) +16.0% +2.7% (2,650)
Free cash flow
-33 -92 -221 -448 42 -193 -393 -335 — — -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
-1.8% -8.4% -21.4% -33.0% 2.3% -17.1% -34.2% -23.0% — — -15.8%
Cash from investing
-582 -464 -586 -667 -580 -546 -552 -649 — — -2,326
Dividends paid
98 100 105 105 105 107 108 110 +1.7% +4.8% 431
Share repurchases
NOT DISCLOSED
-0 — — — — — — — — — —
Debt repayment
NOT DISCLOSED
0 200 — — 0 0 — — — — —
Cash from financing
-6 -21 190 415 -73 44 316 257 -18.5% -37.9% 545
Net change in cash
45 -45 6 9 12 -24 -0 3 — -69.1% -10
Ending cash balance
49 4 10 19 31 7 6 9 +42.4% -51.6% 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-393 CASH FROM OPERATIONS+159 CAPITAL EXPENDITURES-100 ROUNDING-1 TO-335
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-04 ↗