APS 2015 Annual Report Download - page 3
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Table of Contents
TABLE OF CONTENTS
Page
GLOSSARY OF NAMES AND TECHNICAL TERMS ii
FORWARD-LOOKING STATEMENTS 2
PART I 3
Item 1. Business 3
Item 1A. Risk Factors 27
Item 1B. Unresolved Staff Comments 38
Item 2. Properties 39
Item 3. Legal Proceedings 42
Item 4. Mine Safety Disclosures 42
Executive Officers of Pinnacle West 43
PART II 44
Item 5. Market for Registrants’ Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 44
Item 6. Selected Financial Data 46
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 48
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 72
Item 8. Financial Statements and Supplementary Data 73
Pinnacle West Financial Statements 77
APS Financial Statements 86
Combined Notes to Consolidated Financial Statements 92
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 162
Item 9A. Controls and Procedures 162
Item 9B. Other Information 163
PART III 163
Item 10. Directors, Executive Officers and Corporate Governance of Pinnacle West 163
Item 11. Executive Compensation 163
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 163
Item 13. Certain Relationships and Related Transactions, and Director Independence 164
Item 14. Principal Accountant Fees and Services 165
PART IV 166
Item 15. Exhibits and Financial Statement Schedules 166
SIGNATURES 186
This combined Form 10-K is separately filed by Pinnacle West and APS. Each registrant is filing on its own behalf all of the
information contained in this Form 10-K that relates to such registrant and, where required, its subsidiaries. Except as stated in the
preceding sentence, neither registrant is filing any information that does not relate to such registrant, and therefore makes no
representation as to any such information. The information required with respect to each company is set forth within the applicable items.
Item 8 of this report includes Consolidated Financial Statements of Pinnacle West and Consolidated Financial Statements of APS. Item 8
also includes Combined Notes to Consolidated Financial Statements.
i