Pinnacle Net Income vs Other Non Cash Items Analysis

PNW Stock

USD 83.09 1.16 1.38%

Pinnacle West financial indicator trend analysis is much more than just breaking down Pinnacle West Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pinnacle West Capital is a good investment. Please check the relationship between Pinnacle West Net Income and its Other Non Cash Items accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Income vs Other Non Cash Items

Net Income vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle West Capital Net Income account and Other Non Cash Items. At this time, the significance of the direction appears to have pay attention.

The correlation between Pinnacle West's Net Income and Other Non Cash Items is -0.74. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Pinnacle West Capital, assuming nothing else is changed. The correlation between historical values of Pinnacle West's Net Income and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Pinnacle West Capital are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Net Income i.e., Pinnacle West's Net Income and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.74

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Pinnacle West Capital financial statement analysis. It represents the amount of money remaining after all of Pinnacle West Capital operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Other Non Cash Items

Most indicators from Pinnacle West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pinnacle West Capital current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to climb to about 111.3 M in 2025, whereas Selling General Administrative is likely to drop slightly above 151.7 M in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	1.7B	1.8B	2.1B	1.8B
Total Revenue	4.3B	4.7B	5.4B	3.1B

Gross Profit Total Revenue

Pinnacle West fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Common Stock Shares Outstanding		0.59	0.41	0.9	0.51	0.81	0.62	0.41	0.69	0.73	-0.32	0.6	-0.16	-0.32	0.71	0.4	0.56	0.54	0.36	-0.64	0.56	0.48	0.5	0.34	0.96	-0.93
Total Assets	0.59		0.97	0.59	0.9	0.74	1.0	0.97	0.98	0.79	-0.44	1.0	-0.13	-0.44	0.76	0.42	1.0	0.98	0.93	-0.53	1.0	0.97	0.95	0.79	0.68	-0.69
Short Long Term Debt Total	0.41	0.97		0.41	0.89	0.65	0.96	1.0	0.91	0.75	-0.41	0.96	-0.06	-0.41	0.73	0.36	0.98	0.97	0.98	-0.37	0.98	0.98	0.96	0.82	0.54	-0.53
Other Current Liab	0.9	0.59	0.41		0.49	0.88	0.61	0.42	0.7	0.7	-0.38	0.6	-0.13	-0.38	0.65	0.66	0.55	0.54	0.36	-0.77	0.55	0.47	0.43	0.32	0.93	-0.82
Total Current Liabilities	0.51	0.9	0.89	0.49		0.57	0.9	0.89	0.84	0.73	-0.53	0.89	-0.04	-0.53	0.73	0.29	0.86	0.94	0.84	-0.39	0.9	0.89	0.91	0.97	0.56	-0.54
Total Stockholder Equity	0.81	0.74	0.65	0.88	0.57		0.75	0.65	0.82	0.88	-0.35	0.75	-0.17	-0.35	0.83	0.61	0.74	0.69	0.62	-0.63	0.73	0.68	0.63	0.42	0.94	-0.84
Property Plant And Equipment Net	0.62	1.0	0.96	0.61	0.9	0.75		0.96	0.98	0.79	-0.45	1.0	-0.14	-0.45	0.76	0.44	0.99	0.98	0.91	-0.56	0.99	0.96	0.94	0.79	0.7	-0.7
Net Debt	0.41	0.97	1.0	0.42	0.89	0.65	0.96		0.91	0.75	-0.41	0.96	-0.06	-0.41	0.73	0.36	0.98	0.97	0.98	-0.38	0.98	0.98	0.96	0.83	0.54	-0.53
Retained Earnings	0.69	0.98	0.91	0.7	0.84	0.82	0.98	0.91		0.8	-0.44	0.98	-0.22	-0.44	0.74	0.49	0.97	0.94	0.86	-0.63	0.97	0.92	0.89	0.7	0.76	-0.77
Accounts Payable	0.73	0.79	0.75	0.7	0.73	0.88	0.79	0.75	0.8		-0.39	0.78	-0.06	-0.39	0.92	0.32	0.78	0.78	0.75	-0.37	0.78	0.79	0.78	0.63	0.84	-0.82
Cash	-0.32	-0.44	-0.41	-0.38	-0.53	-0.35	-0.45	-0.41	-0.44	-0.39		-0.44	-0.21	1.0	-0.47	-0.34	-0.41	-0.48	-0.41	0.4	-0.44	-0.49	-0.46	-0.53	-0.35	0.26
Non Current Assets Total	0.6	1.0	0.96	0.6	0.89	0.75	1.0	0.96	0.98	0.78	-0.44		-0.14	-0.44	0.75	0.43	0.99	0.98	0.92	-0.54	1.0	0.97	0.94	0.78	0.69	-0.69
Non Currrent Assets Other	-0.16	-0.13	-0.06	-0.13	-0.04	-0.17	-0.14	-0.06	-0.22	-0.06	-0.21	-0.14		-0.21	0.05	-0.2	-0.12	-0.04	-0.02	0.29	-0.11	-0.03	-0.02	0.03	-0.14	0.28
Cash And Short Term Investments	-0.32	-0.44	-0.41	-0.38	-0.53	-0.35	-0.45	-0.41	-0.44	-0.39	1.0	-0.44	-0.21		-0.47	-0.34	-0.41	-0.48	-0.41	0.4	-0.44	-0.49	-0.46	-0.53	-0.35	0.26
Net Receivables	0.71	0.76	0.73	0.65	0.73	0.83	0.76	0.73	0.74	0.92	-0.47	0.75	0.05	-0.47		0.4	0.74	0.77	0.74	-0.43	0.76	0.78	0.81	0.65	0.81	-0.76
Common Stock Total Equity	0.4	0.42	0.36	0.66	0.29	0.61	0.44	0.36	0.49	0.32	-0.34	0.43	-0.2	-0.34	0.4		0.42	0.4	0.34	-0.88	0.4	0.37	0.3	0.18	0.52	-0.37
Non Current Liabilities Total	0.56	1.0	0.98	0.55	0.86	0.74	0.99	0.98	0.97	0.78	-0.41	0.99	-0.12	-0.41	0.74	0.42		0.97	0.95	-0.5	1.0	0.97	0.95	0.75	0.66	-0.67
Inventory	0.54	0.98	0.97	0.54	0.94	0.69	0.98	0.97	0.94	0.78	-0.48	0.98	-0.04	-0.48	0.77	0.4	0.97		0.94	-0.49	0.99	0.98	0.97	0.85	0.63	-0.63
Other Current Assets	0.36	0.93	0.98	0.36	0.84	0.62	0.91	0.98	0.86	0.75	-0.41	0.92	-0.02	-0.41	0.74	0.34	0.95	0.94		-0.35	0.95	0.98	0.96	0.78	0.49	-0.52
Other Stockholder Equity	-0.64	-0.53	-0.37	-0.77	-0.39	-0.63	-0.56	-0.38	-0.63	-0.37	0.4	-0.54	0.29	0.4	-0.43	-0.88	-0.5	-0.49	-0.35		-0.49	-0.43	-0.4	-0.23	-0.64	0.62
Total Liab	0.56	1.0	0.98	0.55	0.9	0.73	0.99	0.98	0.97	0.78	-0.44	1.0	-0.11	-0.44	0.76	0.4	1.0	0.99	0.95	-0.49		0.98	0.96	0.8	0.65	-0.66
Property Plant And Equipment Gross	0.48	0.97	0.98	0.47	0.89	0.68	0.96	0.98	0.92	0.79	-0.49	0.97	-0.03	-0.49	0.78	0.37	0.97	0.98	0.98	-0.43	0.98		0.98	0.81	0.59	-0.6
Total Current Assets	0.5	0.95	0.96	0.43	0.91	0.63	0.94	0.96	0.89	0.78	-0.46	0.94	-0.02	-0.46	0.81	0.3	0.95	0.97	0.96	-0.4	0.96	0.98		0.84	0.58	-0.62
Short Term Debt	0.34	0.79	0.82	0.32	0.97	0.42	0.79	0.83	0.7	0.63	-0.53	0.78	0.03	-0.53	0.65	0.18	0.75	0.85	0.78	-0.23	0.8	0.81	0.84		0.4	-0.35
Common Stock	0.96	0.68	0.54	0.93	0.56	0.94	0.7	0.54	0.76	0.84	-0.35	0.69	-0.14	-0.35	0.81	0.52	0.66	0.63	0.49	-0.64	0.65	0.59	0.58	0.4		-0.91
Current Deferred Revenue	-0.93	-0.69	-0.53	-0.82	-0.54	-0.84	-0.7	-0.53	-0.77	-0.82	0.26	-0.69	0.28	0.26	-0.76	-0.37	-0.67	-0.63	-0.52	0.62	-0.66	-0.6	-0.62	-0.35	-0.91

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Pinnacle West Account Relationship Matchups

Pinnacle West fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	112.9M	113.2M	113.4M	113.8M	130.9M	105.8M
Total Assets	20.0B	22.0B	22.7B	24.7B	28.4B	29.8B
Short Long Term Debt Total	6.9B	8.2B	8.9B	10.3B	11.8B	12.4B
Other Current Liab	638.5M	652.7M	670.7M	727.7M	836.8M	530.8M
Total Current Liabilities	1.4B	1.8B	1.8B	2.9B	3.3B	3.5B
Total Stockholder Equity	5.6B	5.9B	6.0B	6.2B	7.1B	4.1B
Property Plant And Equipment Net	15.4B	16.6B	17.4B	19.0B	21.9B	23.0B
Net Debt	6.9B	8.2B	8.9B	10.3B	11.8B	12.4B
Retained Earnings	3.0B	3.3B	3.4B	3.5B	4.0B	4.2B
Accounts Payable	318.6M	393.1M	430.4M	442.5M	508.8M	311.4M
Cash	60.0M	10.0M	4.8M	5.0M	4.5M	4.2M
Non Current Assets Total	18.8B	20.5B	21.0B	22.7B	26.1B	27.5B
Non Currrent Assets Other	92.9M	97.9M	1.9B	1.9B	1.7B	1.1B
Cash And Short Term Investments	60.0M	10.0M	4.8M	5.0M	4.5M	4.2M
Net Receivables	432.8M	508.1M	608.3M	659.3M	758.2M	448.5M
Common Stock Total Equity	2.6B	2.7B	2.7B	2.7B	3.1B	2.1B
Liabilities And Stockholders Equity	20.0B	22.0B	22.7B	24.7B	28.4B	29.8B
Non Current Liabilities Total	12.9B	14.2B	14.8B	15.5B	17.8B	18.7B
Inventory	334.3M	367.2M	450.6M	493.5M	567.6M	596.0M
Other Current Assets	371.3M	665.9M	686.8M	769.1M	884.5M	928.7M
Other Stockholder Equity	(6.3M)	(6.4M)	(5.0M)	(8.2M)	(7.4M)	(7.0M)
Total Liab	14.3B	16.0B	16.6B	18.4B	21.1B	22.2B
Property Plant And Equipment Gross	15.4B	24.5B	25.7B	27.8B	32.0B	33.6B
Total Current Assets	1.2B	1.6B	1.8B	1.9B	2.2B	2.3B
Accumulated Other Comprehensive Income	(62.8M)	(54.9M)	(31.4M)	(33.1M)	(38.1M)	(40.0M)
Short Term Debt	243.8M	542.4M	496.6M	1.6B	1.8B	1.9B
Common Stock	2.7B	2.7B	2.7B	2.8B	3.2B	2.4B
Current Deferred Revenue	48.3M	42.3M	41.8M	42.0M	37.8M	73.5M
Other Liab	6.0B	6.2B	6.6B	6.4B	7.4B	7.8B
Other Assets	2.9B	3.3B	3.7B	3.3B	3.8B	4.0B
Long Term Debt	6.3B	6.9B	7.7B	7.5B	8.7B	9.1B
Property Plant Equipment	14.5B	15.2B	16.0B	2.7B	3.1B	2.9B
Treasury Stock	(4.8M)	(9.4M)	(6.3M)	(6.4M)	(5.8M)	(6.0M)
Intangible Assets	282.6M	273.7M	258.9M	267.1M	307.2M	190.7M
Short Term Investments	2.9M	63.5M	5.7B	38.6M	34.7M	33.0M
Noncontrolling Interest In Consolidated Entity	125.8M	122.5M	119.3M	115.3M	132.5M	95.8M
Retained Earnings Total Equity	2.6B	2.8B	3.0B	3.3B	3.8B	2.0B
Deferred Long Term Liab	1.3B	1.1B	1.2B	1.3B	1.5B	934.3M

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Pinnacle Net Income vs Other Non Cash Items Analysis

Net Income vs Other Non Cash Items

Net Income vs Other Non Cash Items Correlation Analysis

Correlation Coefficient

Net Income

Other Non Cash Items

Pinnacle West fundamental ratios Correlations

Pinnacle West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pinnacle West fundamental ratios Accounts

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Additional Tools for Pinnacle Stock Analysis

COMMON DESTINATIONS

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COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Current Deferred Revenue	- 0.93	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.91	Common Stock
Other Stockholder Equity	- 0.88	Common Stock Total Equity
Current Deferred Revenue	- 0.84	Total Stockholder Equity
Current Deferred Revenue	- 0.82	Accounts Payable
Current Deferred Revenue	- 0.82	Other Current Liab