Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

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


	Three Months Ended September 30,					Nine Months Ended September 30,
		2020		2019			2020		2019
Net income attributable to common shareholders		$	346,372	$	312,276		$	569,950	$	474,339
Weighted average common shares outstanding — basic		112,679		112,463			112,639		112,408
Net effect of dilutive securities:
Contingently issuable performance shares and restricted stock units		308		283			273		331
Weighted average common shares outstanding — diluted		112,987		112,746			112,912		112,739
Earnings per weighted-average common share outstanding
Net income attributable to common shareholders — basic		$	3.07	$	2.78		$	5.06	$	4.22
Net income attributable to common shareholders — diluted		$	3.07	$	2.77		$	5.05	$	4.21