2021 Q4 Form 10-K Financial Statement

#000076462222000014 Filed on February 25, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $798.9M $3.804B $741.0M
YoY Change 7.81% 6.05% 10.53%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $186.8M $719.1M $170.6M
YoY Change 9.5% 4.79% 4.47%
% of Gross Profit
Operating Expenses $748.8M $2.999B $710.1M
YoY Change 5.46% 7.14% 5.42%
Operating Profit $805.3M
YoY Change 2.18%
Interest Expense -$47.16M $233.3M -$46.90M
YoY Change 0.55% 1.87% 48.89%
% of Operating Profit 28.97%
Other Income/Expense, Net $25.04M $174.0M -$18.40M
YoY Change -236.1% 95.39% -222.67%
Pretax Income $27.90M $746.0M -$34.40M
YoY Change -181.11% 15.09% 74.62%
Income Tax $32.57M $110.1M $30.60M
% Of Pretax Income 116.73% 14.76%
Net Earnings $27.58M $635.9M -$19.40M
YoY Change -242.19% 11.56% -128.18%
Net Earnings / Revenue 3.45% 16.72% -2.62%
Basic Earnings Per Share $5.48
Diluted Earnings Per Share $243.6K $5.47 -$172.1K
COMMON SHARES
Basic Shares Outstanding 112.8M shares 112.9M shares 112.6M shares
Diluted Shares Outstanding 113.2M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.969M $9.969M $60.00M
YoY Change -83.39% -83.39% 500.0%
Cash & Equivalents $9.969M $9.969M $59.97M
Short-Term Investments
Other Short-Term Assets $83.90M $799.9M $76.63M
YoY Change 9.49% 59.02% 23.68%
Inventory $367.2M $367.2M $334.0M
Prepaid Expenses
Receivables $366.6M $366.6M $294.0M
Other Receivables $7.514M $7.514M $7.000M
Total Short-Term Assets $1.551B $1.551B $1.198B
YoY Change 29.44% 29.47% 16.34%
LONG-TERM ASSETS
Property, Plant & Equipment $14.18B $16.60B $13.73B
YoY Change 3.33% 7.95% 4.01%
Goodwill
YoY Change
Intangibles $273.7M $282.6M
YoY Change -3.14% -2.75%
Long-Term Investments
YoY Change
Other Assets $97.88M $3.575B $91.10M
YoY Change 7.44% 13.19% -6.03%
Total Long-Term Assets $20.45B $20.45B $18.82B
YoY Change 8.66% 8.66% 7.87%
TOTAL ASSETS
Total Short-Term Assets $1.551B $1.551B $1.198B
Total Long-Term Assets $20.45B $20.45B $18.82B
Total Assets $22.00B $22.00B $20.02B
YoY Change 9.9% 9.91% 8.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $393.1M $393.1M $318.6M
YoY Change 23.38% 23.22% -8.04%
Accrued Expenses $157.8M $157.8M $132.0M
YoY Change 19.53% 19.53% 100.0%
Deferred Revenue $42.29M $48.34M
YoY Change -12.51% -25.53%
Short-Term Debt $292.0M $292.0M $169.0M
YoY Change 72.78% 72.78% 47.37%
Long-Term Debt Due $150.0M $150.0M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $1.757B $1.757B $1.360B
YoY Change 29.14% 29.18% -34.54%
LONG-TERM LIABILITIES
Long-Term Debt $6.914B $6.914B $6.314B
YoY Change 9.49% 9.5% 30.66%
Other Long-Term Liabilities $232.9M $4.813B $190.6M
YoY Change 22.17% 12.82% 19.27%
Total Long-Term Liabilities $7.147B $11.73B $6.505B
YoY Change 9.87% 10.84% 30.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.757B $1.757B $1.360B
Total Long-Term Liabilities $7.147B $11.73B $6.505B
Total Liabilities $8.904B $16.10B $7.865B
YoY Change 13.2% 11.89% 11.24%
SHAREHOLDERS EQUITY
Retained Earnings $3.265B $3.025B
YoY Change 7.92% 6.61%
Common Stock $2.703B $2.677B
YoY Change 0.94% 0.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.401M $6.289M
YoY Change 1.78% -33.29%
Treasury Stock Shares 87.61K shares 72.01K shares
Shareholders Equity $5.906B $5.906B $5.634B
YoY Change
Total Liabilities & Shareholders Equity $22.00B $22.00B $20.02B
YoY Change 9.9% 9.91% 8.34%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $27.58M $635.9M -$19.40M
YoY Change -242.19% 11.56% -128.18%
Depreciation, Depletion And Amortization $186.8M $719.1M $170.6M
YoY Change 9.5% 4.79% 4.47%
Cash From Operating Activities $199.5M $860.0M $194.4M
YoY Change 2.62% -11.01% 59.47%
INVESTING ACTIVITIES
Capital Expenditures -$467.0M -$1.473B -$355.5M
YoY Change 31.38% 11.07% 6.6%
Acquisitions
YoY Change
Other Investing Activities $42.43M -$6.458M $33.30M
YoY Change 27.41% -18.08% -3.76%
Cash From Investing Activities -$424.6M -$1.387B -$322.3M
YoY Change 31.75% 8.54% 7.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$2.350M
YoY Change 69.19%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities 209.4M $476.9M 6.000M
YoY Change 3389.95% 32.06% -96.19%
NET CHANGE
Cash From Operating Activities 199.5M $860.0M 194.4M
Cash From Investing Activities -424.6M -$1.387B -322.3M
Cash From Financing Activities 209.4M $476.9M 6.000M
Net Change In Cash -15.72M -$50.00M -121.9M
YoY Change -87.11% -200.63% 521.94%
FREE CASH FLOW
Cash From Operating Activities $199.5M $860.0M $194.4M
Capital Expenditures -$467.0M -$1.473B -$355.5M
Free Cash Flow $666.5M $2.333B $549.9M
YoY Change 21.21% 1.77% 20.75%

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IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization
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ProceedsFromLinesOfCredit
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-49999000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
49685000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4517000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59968000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10283000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5766000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9969000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59968000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10283000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5348705000 USD
CY2019 us-gaap Profit Loss
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557813000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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-9388000 USD
CY2019 us-gaap Common Stock Dividends Per Share Declared
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3.04
CY2019 us-gaap Dividends Common Stock
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341893000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
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25296000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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11202000 USD
CY2019 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
6600000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
22743000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5553188000 USD
CY2020 us-gaap Profit Loss
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570052000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5700000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.23
CY2020 us-gaap Dividends Common Stock
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363063000 USD
CY2020 us-gaap Stock Issued During Period Value New Issues
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17921000 USD
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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7181000 USD
CY2020 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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10319000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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22743000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5752793000 USD
CY2021 us-gaap Profit Loss
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635944000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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7935000 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
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3.36
CY2021 us-gaap Dividends Common Stock
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379108000 USD
CY2021 us-gaap Stock Issued During Period Value New Issues
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25261000 USD
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
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4655000 USD
CY2021 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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4543000 USD
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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21255000 USD
CY2021 us-gaap Stockholders Equity Other
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-2000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6021460000 USD
CY2021 us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:700;line-height:120%">Accounting Records and Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">Our accounting records are maintained in accordance with accounting principles generally accepted in the United States of America (“GAAP”).  The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.</span></div>
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66000000 USD
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation
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575000000 USD
CY2020 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
553000000 USD
CY2019 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
522000000 USD
CY2021 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0287
CY2020 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0284
CY2019 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0281
CY2021 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.0675
CY2020 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.0672
CY2019 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.0698
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
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95988000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
93531000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
87982000 USD
CY2021 pnw Income Tax Percentage Likelihood Largest Tax Benefit Amountis Realized
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0.50
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
229000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-3019000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12535000 USD
CY2021 us-gaap Interest Paid Net
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227584000 USD
CY2020 us-gaap Interest Paid Net
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216951000 USD
CY2019 us-gaap Interest Paid Net
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218664000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
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167733000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
113502000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
141297000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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80000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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70000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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75000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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63000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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44000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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33000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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27000000 USD
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P6Y
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3803835000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3586982000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3471209000 USD
CY2021 pnw Regulatory Cost Recovery Revenue
RegulatoryCostRecoveryRevenue
44000000 USD
CY2020 pnw Regulatory Cost Recovery Revenue
RegulatoryCostRecoveryRevenue
54000000 USD
CY2019 pnw Regulatory Cost Recovery Revenue
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56000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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19782000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
8171000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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4069000 USD
CY2021 us-gaap Provision For Doubtful Accounts
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22251000 USD
CY2020 us-gaap Provision For Doubtful Accounts
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20633000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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11819000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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16679000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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9022000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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7717000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
25354000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
19782000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
8171000 USD
CY2019Q4 pnw Public Utilities Requested Longterm Debt Cost Of Capital Percentage
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0.0410
CY2019Q4 pnw Public Utilities Requested Equity Cost Of Capital Percentage
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0.1015
CY2019Q4 pnw Public Utilities Requested Weighted Average Cost Of Capital Percentage
PublicUtilitiesRequestedWeightedAverageCostOfCapitalPercentage
0.0741
CY2019Q4 pnw Rate Plan Comparison Tool Number Of Customers
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13000 Customer
CY2019Q4 pnw Rate Plan Comparison Tool Inconvenience Payment
RatePlanComparisonToolInconveniencePayment
25 USD
CY2020Q3 pnw Rate Plan Comparison Tool Inconvenience Payment
RatePlanComparisonToolInconveniencePayment
25 USD
CY2020Q3 pnw Rate Plan Comparison Tool Number Of Customers
RatePlanComparisonToolNumberOfCustomers
3800 Customer
CY2021Q4 pnw Regulatory Asset Including Deferred Fuel And Purchased Power Regulatory Asset Current
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518524000 USD
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1192987000 USD
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291713000 USD
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1133987000 USD
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296271000 USD
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2499213000 USD
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229088000 USD
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2450169000 USD
CY2017 us-gaap Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense Benefit
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1140000000 USD
CY2021 us-gaap Regulatory Liability Amortization Period
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P28Y6M
CY2021 us-gaap Income Tax Reconciliation Deductions Other
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31000000 USD
CY2020 us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
31000000 USD
CY2021 pnw Income Tax Expense Benefit Attributable To Non Controlling Interests
IncomeTaxExpenseBenefitAttributableToNonControllingInterests
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45655000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
43435000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
40731000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3305000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
43435000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3418000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3373000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1449000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1431000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1843000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2659000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1965000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2078000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2664000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
664000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
434000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45086000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45655000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
26300000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
25714000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
22813000 USD
CY2021 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-535000 USD
CY2020 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
266000 USD
CY2019 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
459000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1320000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1855000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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1589000 USD
CY2021Q4 pnw Unrecognized Tax Benefits Interest On Income Taxes Receivable
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1000000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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-5041000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
11869000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-13551000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2458000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1932000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
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3195000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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156666000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
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-2583000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
13801000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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95327000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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53398000 USD
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-14982000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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17342000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10974000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
9565000 USD
CY2021 pnw Deferred Income Tax Expense Benefit Continuing And Discontinued Operations
DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuedOperations
112669000 USD
CY2020 pnw Deferred Income Tax Expense Benefit Continuing And Discontinued Operations
DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuedOperations
64372000 USD
CY2019 pnw Deferred Income Tax Expense Benefit Continuing And Discontinued Operations
DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuedOperations
-5417000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
110086000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
78173000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15773000 USD
CY2019 pnw Effective Income Tax Rate Reconciliation State Income Tax Credit Net Of Federal Income Tax
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-8519000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
136127000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
113828000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
22656000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
19146000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
18599000 USD
CY2021 pnw Effective Income Tax Rate Reconciliation State Income Tax Credit Net Of Federal Income Tax
EffectiveIncomeTaxRateReconciliationStateIncomeTaxCreditNetOfFederalIncomeTax
-7015000 USD
CY2020 pnw Effective Income Tax Rate Reconciliation State Income Tax Credit Net Of Federal Income Tax
EffectiveIncomeTaxRateReconciliationStateIncomeTaxCreditNetOfFederalIncomeTax
-8951000 USD
CY2021 pnw Effective Income Tax Rate Reconciliation Net Operating Loss Carryback Benefit Amount
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-5915000 USD
CY2020 pnw Effective Income Tax Rate Reconciliation Net Operating Loss Carryback Benefit Amount
EffectiveIncomeTaxRateReconciliationNetOperatingLossCarrybackBenefitAmount
0 USD
CY2019 pnw Effective Income Tax Rate Reconciliation Net Operating Loss Carryback Benefit Amount
EffectiveIncomeTaxRateReconciliationNetOperatingLossCarrybackBenefitAmount
0 USD
CY2021 pnw Effective Income Tax Rate Reconciliation Excess Deferred Income Taxes Amount
EffectiveIncomeTaxRateReconciliationExcessDeferredIncomeTaxesAmount
-36558000 USD
CY2020 pnw Effective Income Tax Rate Reconciliation Excess Deferred Income Taxes Amount
EffectiveIncomeTaxRateReconciliationExcessDeferredIncomeTaxesAmount
-50543000 USD
CY2019 pnw Effective Income Tax Rate Reconciliation Excess Deferred Income Taxes Amount
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-124082000 USD
CY2021 pnw Income Tax Reconciliation Allowance For Equity Funds Used During Construction
IncomeTaxReconciliationAllowanceForEquityFundsUsedDuringConstruction
4180000 USD
CY2020 pnw Income Tax Reconciliation Allowance For Equity Funds Used During Construction
IncomeTaxReconciliationAllowanceForEquityFundsUsedDuringConstruction
2747000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2178000 USD
CY2019 pnw Income Tax Reconciliation Allowance For Equity Funds Used During Construction
IncomeTaxReconciliationAllowanceForEquityFundsUsedDuringConstruction
2476000 USD
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
3617000 USD
CY2020 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
4094000 USD
CY2019 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
4094000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits Investment
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7620000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
7510000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
6851000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-4331000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-3255000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
110086000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
78173000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15773000 USD
CY2021Q4 us-gaap Deferred Tax Assets Derivative Instruments
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677000 USD
CY2020Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
4287000 USD
CY2021Q4 pnw Deferred Tax Assets Excess Deferred Income Taxes
DeferredTaxAssetsExcessDeferredIncomeTaxes
306915000 USD
CY2020Q4 pnw Deferred Tax Assets Excess Deferred Income Taxes
DeferredTaxAssetsExcessDeferredIncomeTaxes
319091000 USD
CY2021Q4 pnw Deferred Tax Assets Regulatory Liabilities Asset Retirement Obligation And Removal Costs
DeferredTaxAssetsRegulatoryLiabilitiesAssetRetirementObligationAndRemovalCosts
174952000 USD
CY2020Q4 pnw Deferred Tax Assets Regulatory Liabilities Asset Retirement Obligation And Removal Costs
DeferredTaxAssetsRegulatoryLiabilitiesAssetRetirementObligationAndRemovalCosts
157470000 USD
CY2021Q4 pnw Deferred Tax Assets Regulatory Liabilities Unamortized Investment Tax Credits
DeferredTaxAssetsRegulatoryLiabilitiesUnamortizedInvestmentTaxCredits
49601000 USD
CY2020Q4 pnw Deferred Tax Assets Regulatory Liabilities Unamortized Investment Tax Credits
DeferredTaxAssetsRegulatoryLiabilitiesUnamortizedInvestmentTaxCredits
50879000 USD
CY2021Q4 pnw Deferred Tax Assets Regulatory Liabilities Other Postretirement Benefits
DeferredTaxAssetsRegulatoryLiabilitiesOtherPostretirementBenefits
92654000 USD
CY2020Q4 pnw Deferred Tax Assets Regulatory Liabilities Other Postretirement Benefits
DeferredTaxAssetsRegulatoryLiabilitiesOtherPostretirementBenefits
95778000 USD
CY2021Q4 pnw Deferred Tax Assets Regulatory Liabilities Other
DeferredTaxAssetsRegulatoryLiabilitiesOther
65815000 USD
CY2020Q4 pnw Deferred Tax Assets Regulatory Liabilities Other
DeferredTaxAssetsRegulatoryLiabilitiesOther
43551000 USD
CY2021Q4 pnw Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
204890000 USD
CY2020Q4 pnw Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
107853000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
42136000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
45853000 USD
CY2021Q4 pnw Deferred Tax Assets Coal Reclamation Liabilities
DeferredTaxAssetsCoalReclamationLiabilities
43165000 USD
CY2020Q4 pnw Deferred Tax Assets Coal Reclamation Liabilities
DeferredTaxAssetsCoalReclamationLiabilities
42065000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1134712000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
996755000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2570613000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2489899000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
27276000 USD
CY2021Q4 pnw Deferred Tax Assets Renewable Energy Incentives
DeferredTaxAssetsRenewableEnergyIncentives
22646000 USD
CY2020Q4 pnw Deferred Tax Assets Renewable Energy Incentives
DeferredTaxAssetsRenewableEnergyIncentives
25355000 USD
CY2021Q4 pnw Deferred Tax Assets Credit And Loss Carryforwards
DeferredTaxAssetsCreditAndLossCarryforwards
57077000 USD
CY2020Q4 pnw Deferred Tax Assets Credit And Loss Carryforwards
DeferredTaxAssetsCreditAndLossCarryforwards
26460000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
74184000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
78113000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
1174000 USD
CY2021Q4 pnw Deferred Tax Liabilities Pension And Other Postretirement Assets
DeferredTaxLiabilitiesPensionAndOtherPostretirementAssets
133624000 USD
CY2020Q4 pnw Deferred Tax Liabilities Pension And Other Postretirement Assets
DeferredTaxLiabilitiesPensionAndOtherPostretirementAssets
123462000 USD
CY2021Q4 pnw Deferred Tax Liabilities Other Special Use Funds
DeferredTaxLiabilitiesOtherSpecialUseFunds
64610000 USD
CY2020Q4 pnw Deferred Tax Liabilities Other Special Use Funds
DeferredTaxLiabilitiesOtherSpecialUseFunds
42927000 USD
CY2021Q4 pnw Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
204890000 USD
CY2020Q4 pnw Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
107853000 USD
CY2021Q4 pnw Deferred Tax Liabilities Regulatory Assets Allowance For Equity Funds Used During Construction
DeferredTaxLiabilitiesRegulatoryAssetsAllowanceForEquityFundsUsedDuringConstruction
42616000 USD
CY2020Q4 pnw Deferred Tax Liabilities Regulatory Assets Allowance For Equity Funds Used During Construction
DeferredTaxLiabilitiesRegulatoryAssetsAllowanceForEquityFundsUsedDuringConstruction
41038000 USD
CY2021Q4 pnw Deferred Tax Liabilities Regulatory Assets Deferred Fuel And Purchased Power Mark To Market
DeferredTaxLiabilitiesRegulatoryAssetsDeferredFuelAndPurchasedPowerMarkToMarket
96033000 USD
CY2020Q4 pnw Deferred Tax Liabilities Regulatory Assets Deferred Fuel And Purchased Power Mark To Market
DeferredTaxLiabilitiesRegulatoryAssetsDeferredFuelAndPurchasedPowerMarkToMarket
47673000 USD
CY2021Q4 pnw Deferred Tax Liabilities Regulatory Assets Pension And Other Postretirement Benefits
DeferredTaxLiabilitiesRegulatoryAssetsPensionAndOtherPostretirementBenefits
126010000 USD
CY2020Q4 pnw Deferred Tax Liabilities Regulatory Assets Pension And Other Postretirement Benefits
DeferredTaxLiabilitiesRegulatoryAssetsPensionAndOtherPostretirementBenefits
116219000 USD
CY2021Q4 pnw Deferred Tax Liabilities Regulatory Assets Retired Power Plan Costs
DeferredTaxLiabilitiesRegulatoryAssetsRetiredPowerPlanCosts
28389000 USD
CY2020Q4 pnw Deferred Tax Liabilities Regulatory Assets Retired Power Plan Costs
DeferredTaxLiabilitiesRegulatoryAssetsRetiredPowerPlanCosts
35214000 USD
CY2021Q4 pnw Deferred Tax Liabilities Regulatory Assets Other
DeferredTaxLiabilitiesRegulatoryAssetsOther
123902000 USD
CY2020Q4 pnw Deferred Tax Liabilities Regulatory Assets Other
DeferredTaxLiabilitiesRegulatoryAssetsOther
106227000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
28611000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
20472000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3446574000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3132158000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2311862000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2135403000 USD
CY2021 pnw Increase Decrease In Deferred Income Taxes Due To Regulation Adoption
IncreaseDecreaseInDeferredIncomeTaxesDueToRegulationAdoption
-42000000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6913735000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6314266000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7063735000 USD
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
7726354000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
6314266000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
7612841000 USD
CY2019Q4 pnw Defined Benefit Plan Ultimate Health Care Cost Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanUltimateHealthCareCostTrendRateusedinCalculatingBenefitObligations
0.0475
CY2021Q4 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0200
CY2021Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2021Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0400
CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0400
CY2021Q4 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0600
CY2020Q4 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0650
CY2021 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0650
CY2020 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0700
CY2019 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0700
CY2021Q4 pnw Defined Benefit Plan Ultimate Health Care Cost Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanUltimateHealthCareCostTrendRateusedinCalculatingBenefitObligations
0.0475
CY2020Q4 pnw Defined Benefit Plan Ultimate Health Care Cost Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanUltimateHealthCareCostTrendRateusedinCalculatingBenefitObligations
0.0475
CY2021Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0475
CY2020Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0475
CY2019Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0475
CY2021 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitObligations
P4Y
CY2020 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitObligations
P5Y
CY2021 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Costs
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitCosts
P4Y
CY2020 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Costs
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitCosts
P5Y
CY2019 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Costs
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitCosts
P7Y
CY2021Q4 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0200
CY2020Q4 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0200
CY2021 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0200
CY2020 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0475
CY2019 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0475
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.0450
CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.0450
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0450
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0450
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0450
CY2021Q4 pnw Defined Benefit Plan Partnership Funding Commitments Maximum Contribution Amount
DefinedBenefitPlanPartnershipFundingCommitmentsMaximumContributionAmount
50000000 USD
CY2021 pnw Defined Benefit Plan Partnership Funding Commitments Funded Amount
DefinedBenefitPlanPartnershipFundingCommitmentsFundedAmount
38000000 USD
CY2021Q4 pnw Number Of Lease Agreements Lease And Sell Back
NumberOfLeaseAgreementsLeaseAndSellBack
3 Counterparty
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
124260000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
87376000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
60228000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
118969000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
122331000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
114015000 USD
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3872000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3804000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4385000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
116803000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
116909000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
112388000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
112616000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
124819000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
334883000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
918418000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
89574000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
828844000 USD
CY2021Q4 pnw Lease Notyet Commenced Liability Leaseand Nonlease Payments
LeaseNotyetCommencedLiabilityLeaseandNonleasePayments
1300000000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
116661000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
75097000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
69075000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
500582000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
441653000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11262000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0213
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0169
CY2021Q4 pnw Equity Contribution Guarantees
EquityContributionGuarantees
2000000 USD
CY2021Q4 pnw Production Tax Credit Guarantees
ProductionTaxCreditGuarantees
37000000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
4690000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
110389000 USD
CY2021Q4 pnw Decommissioning Fund Investments Fair Value Net Pending Securities Salesand Purchases
DecommissioningFundInvestmentsFairValueNetPendingSecuritiesSalesandPurchases
567266000 USD
CY2021Q4 us-gaap Decommissioning Trust Assets Amount
DecommissioningTrustAssetsAmount
1294757000 USD
CY2021Q4 pnw Special Use Fund Investments Other Net Fair Value Pending Salesand Purchases
SpecialUseFundInvestmentsOtherNetFairValuePendingSalesandPurchases
936000 USD
CY2021Q4 pnw Special Use Fund Investments Other Gross Fair Value
SpecialUseFundInvestmentsOtherGrossFairValue
358410000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
618720000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
550559000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
538320000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112910000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112666000 shares
CY2021Q4 pnw Assets Fair Value Gross Liabilityand Net Pending Securities Salesand Purchases
AssetsFairValueGrossLiabilityandNetPendingSecuritiesSalesandPurchases
563512000 USD
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1763556000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
3105000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
4373000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
4271000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4749000 USD
CY2020Q4 pnw Decommissioning Fund Investments Fair Value Net Pending Securities Salesand Purchases
DecommissioningFundInvestmentsFairValueNetPendingSecuritiesSalesandPurchases
592227000 USD
CY2020Q4 us-gaap Decommissioning Trust Assets Amount
DecommissioningTrustAssetsAmount
1138435000 USD
CY2020Q4 pnw Special Use Fund Investments Other Net Fair Value Pending Salesand Purchases
SpecialUseFundInvestmentsOtherNetFairValuePendingSalesandPurchases
504000 USD
CY2020Q4 pnw Special Use Fund Investments Other Gross Fair Value
SpecialUseFundInvestmentsOtherGrossFairValue
254509000 USD
CY2020Q4 pnw Assets Fair Value Gross Liabilityand Net Pending Securities Salesand Purchases
AssetsFairValueGrossLiabilityandNetPendingSecuritiesSalesandPurchases
588460000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1397693000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
2986000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
18619000 USD
CY2021Q4 pnw Stated Interest Ratefor Notes Receivable
StatedInterestRateforNotesReceivable
0.039
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
9000000 USD
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112443000 shares
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
282000 shares
CY2020 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
276000 shares
CY2019 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
315000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113192000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
112942000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
112758000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.48
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.89
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.79
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.47
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.87
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.77
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18000000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18000000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7000000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
11000000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
22000000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
22000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
21000000 USD
CY2021 pnw Share Based Compensation Arrangement By Share Based Payment Award Number Of Performance Elements Criteria
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPerformanceElementsCriteria
2 performance_criteria
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
CY2021 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
0 USD
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
6726000 USD
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
12210000 USD
CY2019 us-gaap Investment Income Interest
InvestmentIncomeInterest
10377000 USD
CY2021 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
0 USD
CY2020 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
2358000 USD
CY2019 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
0 USD
CY2021 pnw Miscellaneous Other Nonoperating Income
MiscellaneousOtherNonoperatingIncome
53000 USD
CY2020 pnw Miscellaneous Other Nonoperating Income
MiscellaneousOtherNonoperatingIncome
149000 USD
CY2019 pnw Miscellaneous Other Nonoperating Income
MiscellaneousOtherNonoperatingIncome
63000 USD
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
45100000 USD
CY2020 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
56703000 USD
CY2019 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
50263000 USD
CY2021 pnw Nonoperating Costs
NonoperatingCosts
13008000 USD
CY2020 pnw Nonoperating Costs
NonoperatingCosts
12400000 USD
CY2019 pnw Nonoperating Costs
NonoperatingCosts
10663000 USD
CY2021 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
1367000 USD
CY2020 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
0 USD
CY2019 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
1835000 USD
CY2021 pnw Miscellaneous Other Nonoperating Expense
MiscellaneousOtherNonoperatingExpense
11021000 USD
CY2020 pnw Miscellaneous Other Nonoperating Expense
MiscellaneousOtherNonoperatingExpense
45376000 USD
CY2019 pnw Miscellaneous Other Nonoperating Expense
MiscellaneousOtherNonoperatingExpense
5382000 USD
CY2021 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
25396000 USD
CY2020 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
57776000 USD
CY2019 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
17880000 USD

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