APS 2015 Annual Report Download - page 49

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
PINNACLE WEST CAPITAL CORPORATION – CONSOLIDATED
The selected data presented below as of and for the years ended December 31, 2015, 2014, 2013, 2012 and 2011 are derived
from the Consolidated Financial Statements. The data should be read in connection with the Consolidated Financial Statements
including the related notes included in Item 8 of this Form 10-K.
2015
2014
2013
2012
2011
(dollars in thousands, except per share amounts)
OPERATING RESULTS
Operating revenues
$ 3,495,443
$ 3,491,632
$ 3,454,628
$ 3,301,804
$ 3,241,379
Income from continuing operations
$ 456,190
$ 423,696
$ 439,966
$ 418,993
$ 355,634
Income (loss) from discontinued operations –
net of income taxes
—
—
—
(5,829)
11,306
Net income
456,190
423,696
439,966
413,164
366,940
Less: Net income attributable to
noncontrolling interests
18,933
26,101
33,892
31,622
27,467
Net income attributable to common
shareholders
$ 437,257
$ 397,595
$ 406,074
$ 381,542
$ 339,473
COMMON STOCK DATA
Book value per share – year-end
$ 41.30
$ 39.50
$ 38.07
$ 36.20
$ 34.98
Earnings per weighted-average common share
outstanding:
Continuing operations attributable to
common shareholders – basic
$ 3.94
$ 3.59
$ 3.69
$ 3.54
$ 3.01
Net income attributable to common
shareholders – basic
$ 3.94
$ 3.59
$ 3.69
$ 3.48
$ 3.11
Continuing operations attributable to
common shareholders – diluted
$ 3.92
$ 3.58
$ 3.66
$ 3.50
$ 2.99
Net income attributable to common
shareholders – diluted
$ 3.92
$ 3.58
$ 3.66
$ 3.45
$ 3.09
Dividends declared per share
$ 2.44
$ 2.33
$ 2.23
$ 2.67
$ 2.10
Weighted-average common shares
outstanding – basic
111,025,944
110,626,101
109,984,160
109,510,296
109,052,840
Weighted-average common shares
outstanding – diluted
111,552,130
111,178,141
110,805,943
110,527,311
109,864,243
BALANCE SHEET DATA (a)
Total assets
$ 15,028,258
$ 14,288,890
$ 13,486,826
$ 13,357,123
$ 13,089,837
Liabilities and equity:
Current liabilities
$ 1,442,317
$ 1,559,143
$ 1,618,644
$ 1,083,542
$ 1,342,705
Long-term debt less current maturities
3,462,391
3,006,573
2,774,605
3,176,596
2,997,873
Deferred credits and other
5,404,093
5,204,072
4,753,117
4,994,696
4,818,673
Total liabilities
10,308,801
9,769,788
9,146,366
9,254,834
9,159,251
Total equity
4,719,457
4,519,102
4,340,460
4,102,289
3,930,586
Total liabilities and equity
$ 15,028,258
$ 14,288,890
$ 13,486,826
$ 13,357,123
$ 13,089,837
(a) During the fourth quarter of 2015, we adopted the new accounting standard related to balance sheet presentation of debt issuance
costs. See further discussion in Note 2.
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