APS 2013 Annual Report Download - page 91

Table of Contents
PINNACLE WEST CAPITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Balance Sheets - December 31, 2012
As
previously
reported
Reclassifications to
conform to current year
presentation
Amount reported
after reclassification
to conform to current
year presentation
Long-Term Debt less Current Maturities —
Long-term debt less current maturities $3,160,219 $38,869 $3,199,088
Long-Term Debt less Current Maturities —
Palo Verde sale leaseback lessor notes less
current maturities 38,869 (38,869) —
Statement of Cash Flows for the
Year Ended December 31, 2012
As previously
reported
Reclassifications to
conform to current year
presentation
Amount reported after
reclassification to
conform to current
year presentation
Cash Flows from Operating Activities
Deferred income taxes $228,602 $(41,579) $ 187,023
Deferred investment tax credit —41,579 41,579
Accrued taxes and income tax receivable 8,693 (8,693) —
Income tax receivable —(4,043)(4,043)
Accrued taxes —12,736 12,736
Statement of Cash Flows for the
Year Ended December 31, 2011
As previously
reported
Reclassifications to
conform to current year
presentation
Amount reported after
reclassification to
conform to current year
presentation
Cash Flows from Operating Activities
Deferred income taxes $176,192 $(58,240) $ 117,952
Deferred investment tax credit — 58,240 58,240
Accrued taxes and income tax receivable 12,068 (12,068) —
Income tax receivable — 3,983 3,983
Accrued taxes —8,085 8,085
Accounting Records and Use of Estimates
Our accounting records are maintained in accordance with GAAP. The preparation of financial statements in accordance with GAAP requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the
date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
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