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. Check Pinnacle West Capital Corp earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
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. Explore Pinnacle West Capital Corp (PNW) long-term investment share to see how much of total assets are deployed in long-term investments.
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 PNW company net worth.
| 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 | — |