APS 2011 Annual Report Download - page 185

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ARIZONA PUBLIC SERVICE COMPANY
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(dollars in thousands)
Year Ended December 31,
2011 2010 2009
COMMON STOCK $ 178,162 $ 178,162 $ 178,162
ADDITIONAL PAID-IN CAPITAL
Balance at beginning of year 2,379,696 2,126,863 2,117,789
Equity infusion -- 252,833 --
Other -- -- 9,074
Balance at end of year 2,379,696 2,379,696 2,126,863
RETAINED EARNINGS
Balance at beginning of year 1,403,390 1,250,126 1,168,901
Net income attributable to common shareholder 336,249 335,663 251,225
Dividends on common stock (228,900) (182,400) (170,000)
Other 1 1 --
Balance at end of year 1,510,740 1,403,390 1,250,126
ACCUMULATED OTHER
COMPREHENSIVE INCOME (LOSS)
Balance at beginning of year (136,295) (109,796) (125,702)
Pension and other postretirement benefits (Note 8):
Unrealized actuarial loss, net of tax benefit of
$(3,828), $(6,344) and $(2,938) (5,860) (9,684) (4,571)
Amortization to income:
Actuarial loss, net of tax benefit of $1,724,
$1,658 and $1,387 2,639 2,541 2,126
Prior service cost, net of tax benefit of
$194, $193 and $190 296 295 291
Derivative instruments:
Net unrealized loss, net of tax benefit
of $(37,397), $(61,358) and $(61,317) (57,262) (93,929) (94,008)
Reclassification of net realized losses to
income, net of tax benefit of
$46,298, $48,462 and $73,261 70,891 74,278 112,068
Balance at end of year (125,591) (136,295) (109,796)
NONCONTROLLING INTERESTS
Balance at beginning of year 91,084 82,324 77,601
Net income attributable to noncontrolling interests 27,524 20,163 19,209
Net capital activities by noncontrolling interests (10,209) (11,403) (14,486)
Balance at end of year 108,399 91,084 82,324
TOTAL EQUITY $ 4,051,406 $ 3,916,037 $ 3,527,679
COMPREHENSIVE INCOME ATTRIBUTABLE TO
COMMON SHAREHOLDER
Net income attributable to common shareholder $ 336,249 $ 335,663 $ 251,225
Other comprehensive income (loss) 10,704 (26,499) 15,906
Total comprehensive income attributable to common
shareholders $ 346,953 $ 309,164 $ 267,131
See Notes to Pinnacle West’s Consolidated Financial Statements and Supplemental Notes to Arizona Public Service
Company’s Consolidated Financial Statements.