APS 2013 Annual Report Download - page 86

Table of Contents
PINNACLE WEST CAPITAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2013 2012
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable $284,516 $ 221,312
Accrued taxes (Note 4) 130,998 124,939
Accrued interest 48,351 49,380
Common dividends payable 62,528 59,789
Short-term borrowings (Note 5) 153,125 92,175
Current maturities of long-term debt (Note 6) 540,424 122,828
Customer deposits 76,101 79,689
Liabilities from risk management activities (Note 17) 31,892 73,741
Liability for asset retirements (Note 12) 32,896 —
Regulatory liabilities (Note 3) 99,273 88,116
Other current liabilities 158,540 171,573
Total current liabilities 1,618,644 1,083,542
LONG-TERM DEBT LESS CURRENT MATURITIES (Note 6) 2,796,465 3,199,088
DEFERRED CREDITS AND OTHER
Deferred income taxes (Note 4) 2,351,882 2,151,371
Regulatory liabilities (Notes 1, 3 and 4) 801,297 759,201
Liability for asset retirements (Note 12) 313,833 357,097
Liabilities for pension and other postretirement benefits (Note 8) 513,628 1,058,755
Liabilities from risk management activities (Note 17) 70,315 85,264
Customer advances 114,480 109,359
Coal mine reclamation 207,453 118,860
Deferred investment tax credit 152,361 99,819
Unrecognized tax benefits (Note 4) 42,209 71,135
Other 185,659 183,835
Total deferred credits and other 4,753,117 4,994,696
COMMITMENTS AND CONTINGENCIES (SEE NOTES)
EQUITY (Note 7)
Common stock, no par value; authorized 150,000,000 shares, issued 110,280,703 at end of 2013 and
109,837,957 at end of 2012 2,491,558 2,466,923
Treasury stock at cost; 98,944 shares at end of 2013 and 95,192 shares at end of 2012 (4,308)(4,211)
Total common stock 2,487,250 2,462,712
Retained earnings 1,785,273 1,624,102
Accumulated other comprehensive loss:
Pension and other postretirement benefits (Note 8) (54,995) (64,416)
Derivative instruments (Note 17) (23,058)(49,592)
Total accumulated other comprehensive loss (78,053)(114,008)
Total shareholders’ equity 4,194,470 3,972,806
Noncontrolling interests (Note 19) 145,990 129,483
Total equity 4,340,460 4,102,289
TOTAL LIABILITIES AND EQUITY $13,508,686 $13,379,615
See Notes to Pinnacle West’s Consolidated Financial Statements.
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