APS 2011 Annual Report Download - page 167
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PINNACLE WEST CAPITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
142
Business Segments for the Year Ended
December 31, 2010
Regulated
Electricity
Segment All other (a)
Total
Operating revenues $ 3,181 $ 8 $ 3,189
Fuel and purchased power costs 1,047 -- 1,047
Other operating expenses 1,009 4 1,013
Operating margin 1,125 4 1,129
Depreciation and amortization 415 -- 415
Interest expense 226 2 228
Other expense (income) (22) 2 (20)
Income from continuing
operations before income taxes 506 -- 506
Income taxes 161 -- 161
Income from continuing
operations 345 -- 345
Income from discontinued
operations – net of income
tax expense of $16 million
(see Note 21) -- 25 25
Net income 345 25 370
Less: Net income attributable to
noncontrolling interests 20 -- 20
Net income attributable to
common shareholders $ 325 $ 25 $ 350
Total assets $ 12,285 $ 108 $ 12,393
Capital expenditures $ 666 $ 4 $ 670