Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of earnings per weighted average common share outstanding

The following table presents the calculation of Pinnacle West’s basic and diluted earnings per share (in thousands, except per share amounts):

	2022		2021		2020
Net income attributable to common shareholders	$	483,602	$	618,720	$	550,559
Weighted average common shares outstanding — basic	113,196		112,910		112,666
Net effect of dilutive securities:
Contingently issuable performance shares and restricted stock units	220		282		276
Weighted average common shares outstanding — diluted	113,416		113,192		112,942
Earnings per weighted-average common share outstanding
Net income attributable to common shareholders — basic	$	4.27	$	5.48	$	4.89
Net income attributable to common shareholders — diluted	$	4.26	$	5.47	$	4.87