APS 2011 Annual Report Download - page 106

81
PINNACLE WEST CAPITAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2011 2010
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 33,583 $ 110,188
Customer and other receivables 284,183 324,207
Accrued unbilled revenues 125,239 103,292
Allowance for doubtful accounts (3,748) (7,981)
Materials and supplies (at average cost) 204,387 181,414
Fossil fuel (at average cost) 22,000 21,575
Deferred income taxes (Note 4) 130,571 124,897
Income tax receivable (Note 4) 6,466 2,483
Assets from risk management activities (Note 18) 30,264 73,788
Deferred fuel and purchased power regulatory asset (Note 3) 27,549 --
Other regulatory assets (Note 3) 69,072 62,286
Other current assets 26,904 28,362
Total current assets 956,470 1,024,511
INVESTMENTS AND OTHER ASSETS
Assets from risk management activities (Note 18) 49,322 39,032
Nuclear decommissioning trust (Notes 14 and 23) 513,733 469,886
Other assets 64,588 116,216
Total investments and other assets 627,643 625,134
PROPERTY, PLANT AND EQUIPMENT (Notes 1, 6,
9 and 10)
Plant in service and held for future use 13,753,971 13,201,960
Accumulated depreciation and amortization (4,709,991) (4,514,204)
Net 9,043,980 8,687,756
Construction work in progress 496,745 459,361
Palo Verde sale leaseback, net of accumulated depreciation of
$218,186 and $213,094 (Note 20)
132,864 137,956
Intangible assets, net of accumulated amortization
of $373,706 and $330,584 170,571 184,952
Nuclear fuel, net of accumulated amortization of
$113,375 and $85,270 118,098 108,794
Total property, plant and equipment 9,962,258 9,578,819
DEFERRED DEBITS
Regulatory assets (Notes 1, 3 and 4) 1,352,079 986,370
Income tax receivable (Note 4) 68,633 65,103
Other 143,935 113,061
Total deferred debits 1,564,647 1,164,534
TOTAL ASSETS $ 13,111,018 $ 12,392,998
See Notes to Pinnacle West’s Consolidated Financial Statements.