APS 2012 Annual Report Download - page 81
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57
Year Ended
December 31,
Net Change
2012
2011
(dollars in millions)
Regulated Electricity Segment:
Operating revenues less fuel and purchased
power expenses (a)
$ 2,299
$ 2,228
$ 71
Operations and maintenance (a)
(885)
(904)
19
Depreciation and amortization
(404)
(427)
23
Taxes other than income taxes
(159)
(148)
(11)
Other income (expenses), net
6
16
(10)
Interest charges, net of allowance for
borrowed funds used during construction
(200)
(224)
24
Income taxes
(237)
(184)
(53)
Less income related to noncontrolling
interests (Note 20)
(32) (28) (4)
Regulated electricity segment net income
388
329
59
All other
--
(1)
1
Income from Continuing Operations
Attributable to Common Shareholders
388
328
60
Income (Loss) from Discontinued Operations
Attributable to Common Shareholders (b)
(6)
11
(17)
Net Income Attributable to Common
Shareholders
$ 382 $ 339 $ 43
(a) Includes effects of 2011 settlement of certain transmission right-of-way costs, which did
not affect net income, but increased both electric operating revenues and operations and
maintenance expenses by $28 million. Costs related to the settlement were offset by
related revenues from SCE, which leases the related transmission line from APS.
(b) Includes activities related to APSES and SunCor.
Operating revenues less fuel and purchased power expenses Regulated electricity segment
operating revenues less fuel and purchased power expenses were $71 million higher for the year ended
December 31, 2012 compared with the prior year. The following table summarizes the major
components of this change: