APS 2011 Annual Report Download - page 182

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ARIZONA PUBLIC SERVICE COMPANY
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2011 2010
ASSETS
PROPERTY, PLANT AND EQUIPMENT (Notes 1, 6, 9 and 10)
Plant in service and held for future use $ 13,750,105 $ 13,197,254
Accumulated depreciation and amortization (4,706,462) (4,510,591)
Net 9,043,643 8,686,663
Construction work in progress 496,745 459,316
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
$372,573 and $329,444 170,416 184,768
Nuclear fuel, net of accumulated amortization of
$113,375 and $85,270 118,098 108,794
Total property, plant and equipment 9,961,766 9,577,497
INVESTMENTS AND OTHER ASSETS
Nuclear decommissioning trust (Notes 14 and 23) 513,733 469,886
Assets from risk management activities (Note 18) 49,322 39,032
Other assets 30,551 71,428
Total investments and other assets 593,606 580,346
CURRENT ASSETS
Cash and cash equivalents 19,873 99,937
Customer and other receivables 280,100 288,323
Accrued unbilled revenues 125,239 103,292
Allowance for doubtful accounts (3,748) (7,646)
Materials and supplies (at average cost) 204,387 181,414
Fossil fuel (at average cost) 22,000 21,575
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
Deferred income taxes (Notes 4 and S-1) 111,503 105,042
Other current assets 29,355 25,135
Total current assets 915,594 953,146
DEFERRED DEBITS
Regulatory assets (Notes 1, 3, 4 and S-1) 1,352,079 986,370
Income tax receivable (Notes 4 and S-1) 69,028 65,498
Unamortized debt issue costs 21,181 20,530
Other 118,983 88,490
Total deferred debits 1,561,271 1,160,888
TOTAL ASSETS $ 13,032,237 $ 12,271,877
See Notes to Pinnacle West’s Consolidated Financial Statements and Supplemental Notes to Arizona Public
Service Company’s Consolidated Financial Statements.