APS 2015 Annual Report Download - page 141

Table of Contents
COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
In accordance with regulatory accounting, APS accrues removal costs for its regulated utility assets, even if there is no legal
obligation for removal. See detail of regulatory liabilities in Note 3.
12. Selected Quarterly Financial Data (Unaudited)
Consolidated quarterly financial information for 2015 and 2014 is provided in the tables below (dollars in thousands, except per
share amounts). Weather conditions cause significant seasonal fluctuations in our revenues; therefore, results for interim periods do not
necessarily represent results expected for the year.
2015 Quarter Ended
2015
March 31,
June 30,
September 30,
December 31,
Total
Operating revenues $ 671,219
$ 890,648
$ 1,199,146
$ 734,430
$ 3,495,443
Operations and maintenance 214,944
210,965
220,449
222,019
868,377
Operating income 67,684
231,973
445,111
109,834
854,602
Income taxes 7,947
67,371
139,555
22,847
237,720
Net income 20,727
127,507
261,978
45,978
456,190
Net income attributable to common shareholders 16,122
122,902
257,116
41,117
437,257
Earnings Per Share:
Net income attributable to common shareholders —
Basic $ 0.15
$ 1.11
$ 2.32
$ 0.37
$ 3.94
Net income attributable to common shareholders —
Diluted 0.14
1.10
2.30
0.37
3.92
2014 Quarter Ended
2014
March 31,
June 30,
September 30,
December 31,
Total
Operating revenues $ 686,251
$ 906,264
$ 1,172,667
$ 726,450
$ 3,491,632
Operations and maintenance 212,882
211,222
223,418
260,503
908,025
Operating income 75,170
254,113
421,775
60,184
811,242
Income taxes 6,405
74,540
134,753
5,007
220,705
Net income 24,691
141,384
248,086
9,535
423,696
Net income attributable to common shareholders 15,766
132,458
243,961
5,410
397,595
Earnings Per Share:
Net income attributable to common shareholders —
Basic $ 0.14
$ 1.20
$ 2.20
$ 0.05
$ 3.59
Net income attributable to common shareholders —
Diluted 0.14
1.19
2.20
0.05
3.58
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