2003 Annual Report

We are pleased to offer the Pinnacle West Annual Report in several formats.  The complete text is available as are selected individual sections for your convenience.

• Web Version - Provides easy viewing and navigation within your browser.
• PDF Version - Preserves the look and feel of the original printed document.  To download and print PDF documents, you must have Adobe Acrobat Reader on your computer. 
• Excel Version - Downloading financial data in the Excel fomat allows you to use this familiar spreadsheet format to view and save files for future use.
• Printed Annual Report - Need a copy of the printed version?  Click here to order it online.

	Web	PDF	Excel
Complete Report (including financials) (PDF: 3.4MB/80 pages)
Complete Report  (Web version - no financials)
Report sections:
Report Introduction
Chairman's Letter (PDF: 176K/4 pages)
Financial Highlights (PDF: 80K/1 page)
Core Strategies (PDF: 80K/1 page)
Operational Highlights (PDF: 867K/8 pages)
Graphs (PDF: 157K/2 pages)
Board of Directors (PDF: 1.5MB/1 page)
Officers (PDF: 41K/1 page)
Shareholder Information (PDF: 41K/1 page)
Complete Financial Statements (PDF: 2MB/64 pages)
Financial sections:
Selected Consolidated Financial Data (PDF: 49K/1 page)
Management's Discussion and Analysis (PDF: 253K/17 pages)
Independent Auditors' Report (PDF: 50K/1 page)
Independent Accountants' Report (PDF: 41K/ 1 page)
Consolidated Statements of Income (PDF: 49K/1 page; Excel: 84K/1 page)
Consolidated Balance Sheets (PDF: 91K/2 pages; Excel 93K/2 pages)
Consolidated Statements of Cash Flows (PDF: 50K/1 page; Excel 42K/1 page)
Consolidated Statements of Changes in Common Stock Equity (PDF: 47K/1 page)
Notes to Consolidated Financial Statements (PDF: 410K/32 pages)

Annual Report Archive

Some documents referenced on this page are in Adobe® PDF format, which requires Adobe Acrobat® Reader®. You may download this free software if necessary.