APS 2013 Annual Report Download - page 175
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Table of Contents
PINNACLE WEST CAPITAL CORPORATION HOLDING COMPANY
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands)
Year Ended December 31,
2013 2012 2011
Operating revenues $799 $ 6,133 $ 1,034
Operating expenses 24,930 12,125 8,811
Operating loss (24,131)(5,992) (7,777)
Other
Equity in earnings of subsidiaries 420,926 391,528 335,859
Other expense (1,999)(2,001)(1,481)
Total 418,927 389,527 334,378
Interest expense 3,226 4,868 8,053
Income from continuing operations 391,570 378,667 318,548
Income tax benefit (14,504) (7,079) (8,938)
Income from continuing operations — net of income taxes 406,074 385,746 327,486
Income (loss) from discontinued operations — net of income taxes —(4,204)11,987
Net income attributable to common shareholders 406,074 381,542 339,473
Other comprehensive income — attributable to common shareholders 35,955 38,155 7,605
Total comprehensive income — attributable to common shareholders $442,029 $419,697 $347,078
See Notes to Pinnacle West’s Consolidated Financial Statements.
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