APS 2012 Annual Report Download - page 107
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82
PINNACLE WEST CAPITAL CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(dollars in thousands)
Year Ended December 31,
2012
2011
2010
NET INCOME
$ 413,164
$ 366,940
$ 370,209
OTHER COMPREHENSIVE INCOME (LOSS),
NET OF TAX
Derivative instruments:
Net unrealized loss, net of tax benefit of $14,900,
$37,389 and $61,348 (Note 18)
(22,763)
(57,271)
(93,939)
Reclassification of net realized loss, net of tax
benefit of $39,120, $46,288 and $48,453 (Note 18)
59,887
70,902
74,287
Pension and other postretirement benefits activity, net of tax
(expense) benefit of $(651), $3,935 and $5,608 (Note 8)
1,031
(6,026)
(8,528)
Total other comprehensive income (loss)
38,155
7,605
(28,180)
COMPREHENSIVE INCOME
451,319
374,545
342,029
Less: Comprehensive income attributable to
noncontrolling interests
31,622 27,467 20,156
COMPREHENSIVE INCOME ATTRIBUTABLE TO
COMMON SHAREHOLDERS
$ 419,697 $ 347,078 $ 321,873
See Notes to Pinnacle West’s Consolidated Financial Statements.