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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.77B | 35.1% |
| Gross Profit | 855M | 45.4% |
| Cost of Revenue | 914M | 26.7% |
| Operating expense | 53M | 12.9% |
| Net Income | 395M | 93.8% |
| EBITDA | 813M | 46.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 26.3B | 2.4% |
| Total Liabilities | 19.7B | 1% |
| Total Equity | 6.62B | 6.5% |
| Shares Outstanding | 114M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 633M | 233.6% |
| Cash from investing | -582M | 25.7% |
| Cash from financing | -5.8M | 102.2% |
EPS
Financial Highlights for Pinnacle West in Q3 '24
Pinnacle West reported a revenue of 1.77B, which is a 35.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 855M, marking a 45.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 914M, a 26.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 53M, showing a -12.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 395M, showing a 93.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 813M, showing a 46.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Pinnacle West with growth in revenue, gross profit, and net income.
