APS 2011 Annual Report Download - page 193

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PINNACLE WEST CAPITAL CORPORATION HOLDING COMPANY
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED BALANCE SHEETS
(in thousands)
Balance at December 31,
2011 2010
ASSETS
Current assets
Cash and cash equivalents $ 12,710 $ 7,725
Customer and other receivables 62,418 75,745
Current deferred income taxes 19,068 19,855
Income tax receivable 1,804 3,736
Other current assets 55 61
Total current assets 96,055 107,122
Investments and other assets
Investments in subsidiaries 4,026,289 3,901,935
Deferred income taxes 27,220 --
Other assets 16,898 58,071
Total investments and other assets 4,070,407 3,960,006
Total Assets $ 4,166,462 $ 4,067,128
LIABILITIES AND EQUITY
Current liabilities
Accounts payable $ 4,811 $ 4,981
Accrued taxes 9,795 4,216
Short-term borrowings -- 16,600
Current maturities of long-term debt -- 175,000
Other current liabilities 28,295 28,101
Total current liabilities 42,901 228,898
Long-term debt less current maturities 125,000 --
Deferred credits and other
Pension and other postretirement liabilities 32,513 28,607
Other 35,462 34,397
Total deferred credits and other 67,975 63,004
Common stock equity
Common stock 2,439,530 2,419,133
Accumulated other comprehensive loss (152,163) (159,767)
Retained earnings 1,534,483 1,423,961
Total Pinnacle West Shareholders’ equity 3,821,850 3,683,327
Noncontrolling interests 108,736 91,899
Total Equity 3,930,586 3,775,226
Total Liabilities and Equity $ 4,166,462 $ 4,067,128
See Notes to Pinnacle West’s Consolidated Financial Statements.