APS 2013 Annual Report Download - page 84
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Table of Contents
PINNACLE WEST CAPITAL CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(dollars in thousands)
Year Ended December 31,
2013 2012 2011
NET INCOME $439,966 $413,164 $366,940
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
Derivative instruments:
Net unrealized loss, net of tax benefit of $140, $14,900, and $37,389 (Note 17) (213) (22,763) (57,271)
Reclassification of net realized loss, net of tax benefit of $17,472, $39,120, and
$46,288 (Note 17) 26,747 59,887 70,902
Pension and other postretirement benefits activity, net of tax (expense) benefit of
$(6,156), $(651), and $3,935 (Note 8) 9,421 1,031 (6,026)
Total other comprehensive income 35,955 38,155 7,605
COMPREHENSIVE INCOME 475,921 451,319 374,545
Less: Comprehensive income attributable to noncontrolling interests 33,892 31,622 27,467
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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