Pinnacle West Capital (LTS:0KIT) Construction In Progress : $1,685 Mil (As of Mar. 2024)

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What is Pinnacle West Capital Construction In Progress?

Pinnacle West Capital's quarterly construction in progress increased from Sep. 2023 ($1,536 Mil) to Dec. 2023 ($1,724 Mil) but then declined from Dec. 2023 ($1,724 Mil) to Mar. 2024 ($1,685 Mil).

Pinnacle West Capital's annual construction in progress increased from Dec. 2021 ($1,329 Mil) to Dec. 2022 ($1,883 Mil) but then declined from Dec. 2022 ($1,883 Mil) to Dec. 2023 ($1,724 Mil).

Pinnacle West Capital Construction In Progress Historical Data

The historical data trend for Pinnacle West Capital's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pinnacle West Capital Construction In Progress Chart

Pinnacle West Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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808.13

937.38

1,329.48

1,882.79

1,724.00

Pinnacle West Capital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															2,101.83	1,495.49	1,536.32	1,724.00	1,685.37

Pinnacle West Capital Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Pinnacle West Capital (LTS:0KIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pinnacle West Capital Corp (LTS:0KIT) » Definitions » Construction In Progress

Comparable Companies

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Traded in Other Exchanges

PNW:USA PWC:Germany

Address

400 North Fifth Street, P.O. Box 53999, Phoenix, AZ, USA, 85072-3999

Website

https://www.pinnaclewest.com

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

Pinnacle West Capital (LTS:0KIT) Headlines

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