APS 2013 Annual Report Download - page 62

Table of Contents
Year Ended
December 31,
2012 2011 Net Change
(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 616 (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 19) (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:
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