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Pinnacle West Capital Corp (PNW) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Ericsson Lm Telephone Co

CIK: 764622 Ticker: ERIC


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FOR IMMEDIATE RELEASE
February 21, 2020
Media Contact:
Jenna Rowell, (602) 250-3379
 
Analyst Contacts:
Stefanie Layton (602) 250-4541
 
Website:
pinnaclewest.com

Pinnacle West Reports 2019 Full-Year and Fourth-Quarter Results

Earnings reflect customer growth, infrastructure investments, cost management

PNW makes ‘A list’ for action on climate change and water security as company sets course for 100 percent clean energy

Service reliability for power customers reaches a company best

PHOENIX -- Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $538.3 million, or $4.77 per diluted share, for full-year 2019. This result compares with net income of $511.0 million, or $4.54 per share, in 2018.

“In 2019, our principal subsidiary Arizona Public Service saw its customer base grow two percent, and this growth is something we expect to continue as people move to Arizona and businesses choose our service territory to locate and expand,” said Pinnacle West Chairman, President and CEO Jeff Guldner. “These earnings are consistent with serving more customers and making substantial investments in expanding and strengthening our infrastructure to meet their evolving energy needs.”

Investments deliver customer, environmental benefits
Infrastructure investments coupled with operational excellence by employees culminated in APS’ best-ever reliability performance as measured by the System Average Interruption Frequency Index. This index is an industry standard that measures how many customers experienced a power interruption out of total number of customers served. Excluding voluntary outages and proactive fire mitigation efforts, APS finished 2019 with its best score on record, and on the basis reported to Edison Electric Institute, reliability is expected to remain top-quartile performance among all reporting utilities.

In January, CDP, a non-profit global environmental disclosure platform, qualified Pinnacle West for its prestigious ‘A List’ for corporate transparency and action on climate change and water security, based on the company’s disclosure in 2019. Using a comprehensive, independent and transparent methodology, CDP scores thousands of companies from A to D- on an annual basis. According to CDP, Pinnacle West became one of only 10 American


The following information was filed by Ericsson Lm Telephone Co (ERIC) on Friday, February 21, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Ericsson Lm Telephone Co.

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Assess how Ericsson Lm Telephone Co's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Ericsson Lm Telephone Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Income
Asset Retirement Obligations
Asset Retirement Obligations (Details)
Asset Retirement Obligations (Tables)
Changes In Accumulated Other Comprehensive Loss
Changes In Accumulated Other Comprehensive Loss (Details)
Changes In Accumulated Other Comprehensive Loss (Tables)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Environmental Matters And Financial Assurances (Details)
Commitments And Contingencies - Palo Verde Nuclear Generating Station And Contractual Obligations (Details)
Commitments And Contingencies - Superfund-Related Matters And Southwest Power Outage (Details)
Derivative Accounting
Derivative Accounting (Details)
Derivative Accounting (Tables)
Derivative Accounting - Credit Risk And Related Contingent Features (Details)
Derivative Accounting - Derivative Instruments In The Balance Sheet (Details)
Derivative Accounting - Gains And Losses From Derivative Instruments (Details)
Derivative Accounting - Outstanding Gross Notional Amounts Outstanding (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Changes In Fair Value Of Risk Management Assets And Liabilities (Details)
Fair Value Measurements - Fair Value Of Assets And Liabilities (Details)
Fair Value Measurements - Level 3 Quantitative Information (Details)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes - Components Of Deferred Income Tax Liability (Details)
Income Taxes - Components Of Income Tax Expense (Details)
Income Taxes - Effective Tax Rate Reconciliation (Details)
Income Taxes - Reconciliation Of Unrecognized Tax Benefits (Details)
Income Taxes - Summary Of Unrecognized Tax Benefits (Details)
Investments In Nuclear Decommissioning Trusts And Other Special Use Funds
Investments In Nuclear Decommissioning Trusts And Other Special Use Funds (Details)
Investments In Nuclear Decommissioning Trusts And Other Special Use Funds (Tables)
Jointly-Owned Facilities
Jointly-Owned Facilities (Details)
Jointly-Owned Facilities (Tables)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Future Minimum Operating Lease (Details)
Leases - Lease Costs (Details)
Leases - Maturity Of Our Operating Lease Liabilities (Details)
Leases - Other Additional Information Related To Operating Lease Liabilities (Details)
Lines Of Credit And Short-Term Borrowings
Lines Of Credit And Short-Term Borrowings (Details)
Lines Of Credit And Short-Term Borrowings (Tables)
Lines Of Credit And Short-Term Borrowings - Schedule Of Credit Facilities (Details)
Long-Term Debt And Liquidity Matters
Long-Term Debt And Liquidity Matters (Details)
Long-Term Debt And Liquidity Matters (Tables)
Long-Term Debt And Liquidity Matters - Components Of Long-Term Debt (Details)
Long-Term Debt And Liquidity Matters - Fair Value Of Long-Term Debt (Details)
Long-Term Debt And Liquidity Matters - Future Principal Payments (Details)
New Accounting Standards
Other Income And Other Expense
Other Income And Other Expense (Details)
Other Income And Other Expense (Tables)
Palo Verde Leaseback Variable Interest Entities - Schedule Of Vies (Details)
Palo Verde Sale Leaseback Variable Interest Entities
Palo Verde Sale Leaseback Variable Interest Entities (Details)
Palo Verde Sale Leaseback Variable Interest Entities (Tables)
Regulatory Matters
Regulatory Matters (Tables)
Regulatory Matters - Deferred Fuel And Purchased Power Regulatory Asset (Details)
Regulatory Matters - Four Corners, Cholla And Navajo Plant (Details)
Regulatory Matters - Narrative (Details)
Regulatory Matters - Retail Rate Case Filing (Details)
Regulatory Matters - Schedule Of Regulatory Assets (Details)
Regulatory Matters - Schedule Of Regulatory Liabilities (Details)
Regulatory Matters Regulatory Matters - Capital Structure And Costs Of Capital (Details)
Retirement Plans And Other Benefits
Retirement Plans And Other Benefits (Tables)
Retirement Plans And Other Benefits - Amounts Recognized On The Consolidated Balance Sheets (Details)
Retirement Plans And Other Benefits - Asset Allocation (Details)
Retirement Plans And Other Benefits - Changes Benefit Obligations And Funded Status (Details)
Retirement Plans And Other Benefits - Estimated Future Benefit Payments (Details)
Retirement Plans And Other Benefits - Fair Value Of Pinnacle West's Pension Plan (Details)
Retirement Plans And Other Benefits - Impact To Accumulated Other Comprehensive Loss (Details)
Retirement Plans And Other Benefits - Net Periodic Benefit Costs And Portion Including Portion Charged To Expense (Details)
Retirement Plans And Other Benefits - Projected Benefit Obligation For Pension Plans (Details)
Retirement Plans And Other Benefits - Weighted-Average Assumptions For Pensions And Other Benefits (Details)
Retirement Plans And Other Benefits Retirement Plans And Other Benefits - Additional Information (Details)
Revenue
Revenue (Tables)
Revenue - Narrative (Details)
Revenue - Sources Of Revenue (Details)
Schedule I - Condensed Financial Information Of Registrant
Schedule I - Condensed Financial Information Of Registrant - Balance Sheets (Details)
Schedule I - Condensed Financial Information Of Registrant - Cash Flows (Details)
Schedule I - Condensed Financial Information Of Registrant - Comprehensive Income (Details)
Schedule Ii - Reserve For Uncollectibles
Schedule Ii - Reserve For Uncollectibles (Details)
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited) (Details)
Selected Quarterly Financial Data (Unaudited) (Tables)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
Stock-Based Compensation - Status Of Nonvested Restricted Stock, Stock Grants, Stock Units And Performance Shares (Details)
Stock-Based Compensation - Summary Of Restricted Stock, Stock Grants, Stock Units And Performance Shares (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Narrative (Details)
Summary Of Significant Accounting Policies - Summary Of Property, Plant And Equipment (Details)
Summary Of Significant Accounting Policies - Supplemental Cash Flow Information (Details)
Ticker: ERIC
CIK: 717826
Form Type: 10-K Annual Report
Accession Number: 0000764622-20-000017
Submitted to the SEC: Fri Feb 21 2020 8:37:06 AM EST
Accepted by the SEC: Fri Feb 21 2020
Period: Tuesday, December 31, 2019
Industry: Radio And Tv Broadcasting And Communications Equipment

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