APS 2012 Annual Report Download - page 108

83
PINNACLE WEST CAPITAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2012
2011
ASSETS
CURRENT ASSETS
Cash and cash equivalents
$ 26,202
$ 33,583
Customer and other receivables
277,225
284,183
Accrued unbilled revenues
94,845
125,239
Allowance for doubtful accounts
(3,340)
(3,748)
Materials and supplies (at average cost)
218,096
204,387
Fossil fuel (at average cost)
31,334
22,000
Deferred income taxes (Note 4)
152,191
130,571
Income tax receivable (Note 4)
2,423
6,466
Assets from risk management activities (Note 18)
25,699
30,264
Deferred fuel and purchased power regulatory asset (Note 3)
72,692
27,549
Other regulatory assets (Note 3)
71,257
69,072
Other current assets
37,102
26,904
Total current assets
1,005,726
956,470
INVESTMENTS AND OTHER ASSETS
Assets from risk management activities (Note 18)
35,891
49,322
Nuclear decommissioning trust (Notes 14 and 22)
570,625
513,733
Other assets
62,694
64,588
Total investments and other assets
669,210
627,643
PROPERTY, PLANT AND EQUIPMENT (Notes 1, 6 and 10)
Plant in service and held for future use
14,346,367
13,753,971
Accumulated depreciation and amortization
(4,929,613)
(4,709,991)
Net
9,416,754
9,043,980
Construction work in progress
565,716
496,745
Palo Verde sale leaseback, net of accumulated depreciation
of $222,055 and $218,186 (Note 20)
128,995
132,864
Intangible assets, net of accumulated amortization
of $411,543 and $373,706
162,150
170,571
Nuclear fuel, net of accumulated amortization
of $133,950 and $113,375
122,778
118,098
Total property, plant and equipment
10,396,393
9,962,258
DEFERRED DEBITS
Regulatory assets (Notes 1, 3 and 4)
1,099,900
1,352,079
Income tax receivable (Note 4)
70,389
68,633
Other
137,997
143,935
Total deferred debits
1,308,286
1,564,647
TOTAL ASSETS
$ 13,379,615
$ 13,111,018
See Notes to Pinnacle West’s Consolidated Financial Statements.