Business Context and Reporting Period
This Form 8-K is a combined current report filed by Pinnacle West Capital Corporation and its subsidiary Arizona Public Service Company. The report covers the fiscal quarter ended September 30, 2009, with the filing date and date of the earliest event reported as September 30, 2009. The report was signed on October 29, 2009, coinciding with the issuance of a press release regarding financial results and earnings outlook.
Key Financial Metrics
The filing text serves as a notification of results and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained in attached exhibits (Exhibits 99.1, 99.2, and 99.3) rather than within the body of this Form 8-K.
Material Changes
The filing references a quarterly consolidated statistical summary comparing the three-month and nine-month periods ended September 30, 2009, against the same periods in 2008. However, the specific material changes or comparative figures are not detailed in this text.
Guidance, Outlook, and Management Commentary
- Earnings Outlook: Management provided an earnings outlook for the full years of 2009 and 2010 in the press release issued on October 29, 2009.
- Key Factors: The filing includes "Key Factors and Assumptions" affecting the 2009 earnings outlook (Exhibit 99.4).
- Disclosure: The company provided a slide presentation from the October 29, 2009, conference call to assist interested parties in understanding the business and operating results.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings News Release) for specific revenue, net income, and earnings per share figures for Q3 2009.
- Examine Exhibit 99.2 for the detailed statistical summary comparing 2009 results to 2008.
- Analyze Exhibit 99.4 to understand the specific assumptions driving the 2009 and 2010 earnings guidance.
- Verify the full text of the conference call presentation (Exhibit 99.3) for management commentary on operational risks and contingencies.