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. Explore PNW capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore PNW total assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Pinnacle West Capital Corp (1994–2024)
Year-by-year capital reinvestment analysis for Pinnacle West Capital Corp. For live market cap and broader valuation context, see Pinnacle West Capital Corp (PNW) total market value.
| 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 | — |