Pinnacle West Capital Corp (PNW) — Cash Flow Reinvestment Rate
Pinnacle West Capital Corp (PNW) has a Cash Flow Reinvestment Rate of 1.81x as of September 2025, reinvesting $1.20 Billion (capex $623.03 Million plus investments $-579.78 Million) from operating cash flow of $664.99 Million. See cash generation quality of Pinnacle West Capital Corp to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Pinnacle West Capital Corp Cash Flow Reinvestment Rate (1994–2024)
Historical reinvestment intensity for Pinnacle West Capital Corp across 31 annual periods. For the full cash flow conversion analysis, see Pinnacle West Capital Corp operating cash flow efficiency.
Annual Cash Flow Reinvestment Rate for Pinnacle West Capital Corp (1994–2024)
Year-by-year capital reinvestment analysis for Pinnacle West Capital Corp. See Pinnacle West Capital Corp free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 2.60x | $4.18 Billion | $1.61 Billion | $2.25 Billion | ▼ -9.8% |
| 2023 | 2.88x | $3.48 Billion | $1.21 Billion | $1.85 Billion | ▲ +7.5% |
| 2022 | 2.68x | $3.33 Billion | $1.24 Billion | $1.71 Billion | ▼ -19.5% |
| 2021 | 3.33x | $2.86 Billion | $860.01 Million | $1.47 Billion | ▲ +23.4% |
| 2020 | 2.70x | $2.60 Billion | $966.37 Million | $1.33 Billion | ▲ +115.8% |
| 2019 | 1.25x | $1.19 Billion | $956.73 Million | $1.19 Billion | ▲ +33.2% |
| 2018 | 0.94x | $1.20 Billion | $1.28 Billion | $1.18 Billion | ▼ -25.7% |
| 2017 | 1.26x | $1.41 Billion | $1.12 Billion | $1.41 Billion | ▼ -48.9% |
| 2016 | 2.47x | $2.53 Billion | $1.02 Billion | $1.28 Billion | ▲ +147.2% |
| 2015 | 1.00x | $1.09 Billion | $1.09 Billion | $1.08 Billion | ▲ +18.4% |
| 2014 | 0.84x | $927.88 Million | $1.10 Billion | $910.63 Million | ▼ -5.8% |
| 2013 | 0.90x | $1.03 Billion | $1.15 Billion | $1.02 Billion | ▲ +18.0% |
| 2012 | 0.76x | $889.55 Million | $1.17 Billion | $889.55 Million | ▼ -3.3% |
| 2011 | 0.79x | $884.35 Million | $1.13 Billion | $884.35 Million | ▼ -21.2% |
| 2010 | 1.00x | $748.37 Million | $750.46 Million | $748.37 Million | ▲ +34.5% |
| 2009 | 0.74x | $764.61 Million | $1.03 Billion | $764.61 Million | ▼ -35.5% |
| 2008 | 1.15x | $935.58 Million | $813.57 Million | $935.58 Million | ▼ -17.6% |
| 2007 | 1.40x | $918.58 Million | $657.94 Million | $918.58 Million | ▼ -25.5% |
| 2006 | 1.87x | $737.78 Million | $393.50 Million | $737.78 Million | ▲ +116.1% |
| 2005 | 0.87x | $633.53 Million | $730.30 Million | $633.53 Million | ▲ +35.7% |
| 2004 | 0.64x | $538.23 Million | $842.08 Million | $538.23 Million | ▼ -16.9% |
| 2003 | 0.77x | $693.48 Million | $901.83 Million | $693.48 Million | ▼ -25.2% |
| 2002 | 1.03x | $895.52 Million | $870.77 Million | $895.52 Million | ▼ -43.6% |
| 2001 | 1.82x | $1.04 Billion | $570.93 Million | $1.04 Billion | ▲ +93.6% |
| 2000 | 0.94x | $658.61 Million | $699.56 Million | $658.61 Million | ▲ +74.3% |
| 1999 | 0.54x | $343.40 Million | $635.60 Million | $343.40 Million | ▲ +2.6% |
| 1998 | 0.53x | $319.10 Million | $605.80 Million | $319.10 Million | — |
| 1997 | 0.00x | $0.00 | $637.60 Million | $0.00 | ▼ -100.0% |
| 1996 | 0.45x | $258.60 Million | $572.50 Million | $258.60 Million | ▼ -15.1% |
| 1995 | 0.53x | $295.80 Million | $555.90 Million | $295.80 Million | ▲ +3.6% |
| 1994 | 0.51x | $255.30 Million | $497.20 Million | $255.30 Million | — |