APS 2013 Annual Report Download - page 89

Table of Contents
PINNACLE WEST CAPITAL CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(dollars in thousands, except per share amounts)
Year Ended December 31,
2013 2012 2011
COMMON STOCK (Note 7)
Balance at beginning of year $2,466,923 $2,444,247 $ 2,421,372
Issuance of common stock 24,635 22,676 22,875
Balance at end of year 2,491,558 2,466,923 2,444,247
TREASURY STOCK (Note 7)
Balance at beginning of year (4,211)(4,717) (2,239)
Purchase of treasury stock (9,727)(4,607)(3,720)
Reissuance of treasury stock used for stock compensation 9,630 5,113 1,242
Balance at end of year (4,308)(4,211)(4,717)
RETAINED EARNINGS
Balance at beginning of year 1,624,102 1,534,483 1,423,961
Net income attributable to common shareholders 406,074 381,542 339,473
Common stock dividends declared ($2.23, $2.67, and $2.10 per share) (244,903)(291,923)(228,951)
Balance at end of year 1,785,273 1,624,102 1,534,483
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance at beginning of year (114,008)(152,163)(159,767)
Other comprehensive income attributable to common shareholders 35,955 38,155 7,604
Balance at end of year (78,053)(114,008)(152,163)
NONCONTROLLING INTERESTS
Balance at beginning of year 129,483 108,736 91,899
Net income attributable to noncontrolling interests 33,892 31,622 27,467
Net capital activities by noncontrolling interests (17,385) (10,875) (10,630)
Balance at end of year 145,990 129,483 108,736
TOTAL EQUITY $4,340,460 $4,102,289 $3,930,586
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
Net income attributable to common shareholders $406,074 $ 381,542 $ 339,473
Other comprehensive income 35,955 38,155 7,605
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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