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Other Income and Other Expense (Tables) | 12 Months Ended
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Dec. 31, 2024
Other Income and Expenses [Abstract] |
Schedule of other income and other expense | The following table provides detail of Pinnacle West’s Consolidated other income and other expense for 2024, 2023, and 2022 (dollars in thousands):
|  | 2024 |  | 2023 |  | 2022 |  |  |  |  |  |  |  |
Other income: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 24,322 |  | (a) | $ | 27,242 |  | (a) | $ | 7,326 |  |  |  |  |  |  |  |  |
Gain on sale of BCE (Note 20) |  | 22,988 |  |  | 6,205 |  |  | — |  |  |  |  |  |  |  |  |
Miscellaneous |  | 1,304 |  |  | 219 |  |  | 590 |  |  |  |  |  |  |  |  |
Total other income |  | $ | 48,614 |  |  | $ | 33,666 |  |  | $ | 7,916 |  |  |  |  |  |  |  |  |
Other expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-operating costs |  | $ | (27,370) |  | (b) | $ | (15,260) |  |  | $ | (18,619) |  |  |  |  |  |  |  |  |
Investment losses — net |  | (1,418) |  |  | (3,402) |  |  | (20,537) |  | (c) |  |  |  |  |  |  |
Miscellaneous |  | (5,348) |  |  | (6,394) |  |  | (13,229) |  |  |  |  |  |  |  |  |
Total other expense |  | $ | (34,136) |  |  | $ | (25,056) |  |  | $ | (52,385) |  |  |  |  |  |  |  |  |
(a)The 2023 and 2024 Interest income is primarily related to PSA Interest. See Note 3. (b)The 2024 Non-operating cost is primarily related to corporate giving. (c)The 2022 investment loss is primarily related to an impairment of PNW Power’s Clear Creek wind farm investment. The following table provides detail of APS’s other income and other expense for 2024, 2023, and 2022 (dollars in thousands):
|  | 2024 |  | 2023 |  | 2022 |  |  |  |  |  |  |
Other income: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income (a) |  | $ | 21,088 |  | (a) | $ | 26,853 |  | (a) | $ | 5,332 |  |  |  |  |  |  |  |
Miscellaneous |  | 6 |  |  | 219 |  |  | 556 |  |  |  |  |  |  |  |
Total other income |  | $ | 21,094 |  |  | $ | 27,072 |  |  | $ | 5,888 |  |  |  |  |  |  |  |
Other expense: |  |  |  |  |  |  |  |  |  |  |  |  |
Non-operating costs |  | $ | (26,588) |  | (b) | $ | (14,070) |  |  | $ | (15,579) |  |  |  |  |  |  |  |
Miscellaneous |  | (3,110) |  |  | (4,194) |  |  | (10,529) |  |  |  |  |  |  |  |
Total other expense |  | $ | (29,698) |  |  | $ | (18,264) |  |  | $ | (26,108) |  |  |  |  |  |  |  |
(a)The 2023 and 2024 Interest income is primarily related to PSA Interest. See Note 3. (b)The 2024 Non-operating cost is primarily related to corporate giving.

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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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