APS 2011 Annual Report Download - page 183
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158
ARIZONA PUBLIC SERVICE COMPANY
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2011 2010
LIABILITIES AND EQUITY
CAPITALIZATION
Common stock $ 178,162 $ 178,162
Additional paid-in capital 2,379,696 2,379,696
Retained earnings 1,510,740 1,403,390
Accumulated other comprehensive (loss):
Pension and other postretirement benefits (Note 8) (38,886) (35,961)
Derivative instruments (86,705) (100,334)
Total shareholder equity 3,943,007 3,824,953
Noncontrolling interests (Note 20) 108,399 91,084
Total equity 4,051,406 3,916,037
Long-term debt less current maturities (Note 6) 2,828,507 2,948,991
Palo Verde sale leaseback lessor notes less current
maturities (Notes 6 and 20) 65,547 96,803
Total capitalization 6,945,460 6,961,831
CURRENT LIABILITIES
Current maturities of long-term debt (Note 6) 477,435 456,879
Accounts payable 322,047 218,491
Accrued taxes 113,930 106,431
Accrued interest 54,611 54,638
Customer deposits 72,176 68,312
Liabilities from risk management activities (Note 18) 53,968 58,976
Deferred fuel and purchased power regulatory liability (Note 3) -- 58,442
Other regulatory liabilities (Note 3) 88,362 80,526
Other current liabilities 140,185 132,170
Total current liabilities 1,322,714 1,234,865
DEFERRED CREDITS AND OTHER
Deferred income taxes (Notes 4 and S-1) 1,952,608 1,895,654
Regulatory liabilities (Notes 1, 3, 4, and S-1) 737,332 614,063
Liability for asset retirements (Note 12) 279,643 328,571
Liabilities for pension and other postretirement
benefits (Note 8) 1,222,542 770,611
Liabilities from risk management activities (Note 18) 82,495 65,390
Customer advances 116,805 121,645
Coal mine reclamation 117,896 117,243
Unrecognized tax benefits (Notes 4 and S-1) 72,073 65,363
Other 182,669 96,641
Total deferred credits and other 4,764,063 4,075,181
COMMITMENTS AND CONTINGENCIES (SEE NOTES)
TOTAL LIABILITIES AND EQUITY $ 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.