APS 2011 Annual Report Download - page 192
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167
PINNACLE WEST CAPITAL CORPORATION HOLDING COMPANY
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED STATEMENTS OF INCOME
(in thousands)
Year Ended December 31,
2011 2010 2009
Operating revenues $ 1,034 $ 2,810 $ 1,157
Operating expenses 8,811 9,880 10,420
Operating loss (7,777) (7,070) (9,263)
Other
Equity in earnings (losses) of
subsidiaries 335,859 358,527 (37,214)
Other income (expense) (1,481) (588) 2,102
Total 334,378 357,939 (35,112)
Interest expense 8,053 14,346 14,129
Income (loss) from continuing operations 318,548 336,523 (58,504)
Income tax benefit (8,938) (9,596) (14,060)
Income (loss) from continuing operations –
net of income taxes 327,486 346,119 (44,444)
Income from discontinued operations –
net of income taxes 11,987 3,934 112,774
Net income attributable to common
shareholders $ 339,473 $ 350,053 $ 68,330
See Notes to Pinnacle West’s Consolidated Financial Statements.