FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

PNW
2026-06-30 · figures in $M

FCF UP

Free cash flow moved from -$991.9M to -$878.5M.

CASH FROM OPS +8.1%
1,771 31.9% MGN
CAPITAL EXPENDITURE +0.7%
2,650
FREE CASH FLOW —
-879
FCF / NET INCOME —
-1.35× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
633 626 605 593 612 632 667 651 -2.4% +9.7% 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
929 956 980 983 976 970 979 995 +1.6% +1.2% 995
Stock-based comp
22 24 25 25 28 27 29 28 -2.1% +10.7% 28
Cash from operations
1,544 1,610 1,664 1,736 1,768 1,805 1,638 1,771 +8.1% +2.0% 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
2.44× 2.57× 2.75× 2.93× 2.89× 2.86× 2.46× 2.72× +10.8% -7.0% 2.72×
Capital expenditures
(2,249) (2,249) (2,354) (2,530) (2,487) (2,625) (2,630) (2,650) +0.7% +4.7% (2,650)
Free cash flow
-705 -639 -690 -794 -719 -820 -992 -879 — — -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
-14.0% -12.5% -13.2% -15.1% -13.5% -15.3% -18.2% -15.8% — — -15.8%
Cash from investing
-1,928 -1,934 -2,096 -2,300 -2,297 -2,379 -2,344 -2,326 — — -2,326
Dividends paid
393 395 402 409 416 423 426 431 +1.2% +5.6% 431
Cash from financing
418 323 432 579 511 576 702 545 -22.4% -5.8% 545
Net change in cash
34 -1 0 15 -18 3 -4 -10 — — -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-992 CASH FROM OPERATIONS+133 CAPITAL EXPENDITURES-19 ROUNDING-1 TO-879
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-04 ↗