APS 2012 Annual Report Download - page 185
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160
ARIZONA PUBLIC SERVICE COMPANY
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2012
2011
LIABILITIES AND EQUITY
CAPITALIZATION
Common stock
$ 178,162
$ 178,162
Additional paid-in capital
2,379,696
2,379,696
Retained earnings
1,624,237
1,510,740
Accumulated other comprehensive (loss):
Pension and other postretirement benefits (Note 8)
(39,503)
(38,886)
Derivative instruments (Note 18)
(49,592)
(86,705)
Total shareholder equity
4,093,000
3,943,007
Noncontrolling interests (Note 20)
129,483
108,399
Total equity
4,222,483
4,051,406
Long-term debt less current maturities (Note 6)
3,035,219
2,828,507
Palo Verde sale leaseback lessor notes less current
maturities (Notes 6 and 20)
38,869
65,547
Total capitalization
7,296,571
6,945,460
CURRENT LIABILITIES
Commercial paper (Note 5)
92,175
--
Current maturities of long-term debt (Note 6)
122,828
477,435
Accounts payable
215,577
322,047
Accrued taxes (Notes 4 and S-1)
116,700
113,930
Accrued interest
49,135
54,611
Common dividends payable
59,800
--
Customer deposits
79,689
72,176
Liabilities from risk management activities (Note 18)
73,741
53,968
Regulatory liabilities (Note 3)
88,116
88,362
Other current liabilities
145,326
140,185
Total current liabilities
1,043,087
1,322,714
DEFERRED CREDITS AND OTHER
Deferred income taxes (Notes 4 and S-1)
2,133,976
1,952,608
Regulatory liabilities (Notes 1, 3, 4, and S-1)
759,201
737,332
Liability for asset retirements (Note 12)
357,097
279,643
Liabilities for pension and other postretirement
benefits (Note 8)
1,017,556
1,222,542
Liabilities from risk management activities (Note 18)
85,264
82,495
Customer advances
109,359
116,805
Coal mine reclamation
118,860
117,896
Unrecognized tax benefits (Notes 4 and S-1)
70,932
72,073
Other
250,639
182,669
Total deferred credits and other
4,902,884
4,764,063
COMMITMENTS AND CONTINGENCIES (SEE NOTES)
TOTAL LIABILITIES AND EQUITY
$ 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.