APS 2012 Annual Report Download - page 184

159
ARIZONA PUBLIC SERVICE COMPANY
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2012
2011
ASSETS
PROPERTY, PLANT AND EQUIPMENT (Notes 1, 6 and 10)
Plant in service and held for future use
$ 14,342,501
$ 13,750,105
Accumulated depreciation and amortization
(4,925,990)
(4,706,462)
Net
9,416,511
9,043,643
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 $372,573
161,995
170,416
Nuclear fuel, net of accumulated amortization of
$133,950 and $113,375
122,778 118,098
Total property, plant and equipment
10,395,995
9,961,766
INVESTMENTS AND OTHER ASSETS
Nuclear decommissioning trust (Notes 14 and 22)
570,625
513,733
Assets from risk management activities (Note 18)
35,891
49,322
Other assets
31,650
30,551
Total investments and other assets
638,166
593,606
CURRENT ASSETS
Cash and cash equivalents
3,499
19,873
Customer and other receivables
274,815
280,100
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
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
Deferred income taxes (Notes 4 and S-1)
74,420
111,503
Other current assets
37,666
29,355
Total current assets
900,983
915,594
DEFERRED DEBITS
Regulatory assets (Notes 1, 3, 4 and S-1)
1,099,900
1,352,079
Income tax receivable (Notes 4 and S-1)
70,784
69,028
Unamortized debt issue costs
22,492
21,181
Other
114,222
118,983
Total deferred debits
1,307,398
1,561,271
TOTAL ASSETS
$ 13,242,542
$ 13,032,237
See Notes to Pinnacle West’s Consolidated Financial Statements and Supplemental Notes to Arizona Public
Service Company’s Consolidated Financial Statements.