APS 2015 Annual Report Download - page 83

Table of Contents
PINNACLE WEST CAPITAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2015
2014
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable $ 297,480
$ 295,211
Accrued taxes (Note 4) 138,600
140,613
Accrued interest 56,305
52,603
Common dividends payable 69,363
65,790
Short-term borrowings (Note 5) —
147,400
Current maturities of long-term debt (Note 6) 357,580
383,570
Customer deposits 73,073
72,307
Liabilities from risk management activities (Note 16) 77,716
59,676
Liabilities for asset retirements (Note 11) 28,573
32,462
Deferred fuel and purchased power regulatory liability (Note 3) 9,688
—
Other regulatory liabilities (Note 3) 136,078
130,549
Other current liabilities 197,861
178,962
Total current liabilities 1,442,317
1,559,143
LONG-TERM DEBT LESS CURRENT MATURITIES (Note 6) 3,462,391
3,006,573
DEFERRED CREDITS AND OTHER
Deferred income taxes (Note 4) 2,723,425
2,582,636
Regulatory liabilities (Notes 1, 3, 4 and 7) 994,152
1,051,196
Liabilities for asset retirements (Note 11) 415,003
358,288
Liabilities for pension benefits (Note 7) 480,998
453,736
Liabilities from risk management activities (Note 16) 89,973
50,602
Customer advances 115,609
123,052
Coal mine reclamation 201,984
198,292
Deferred investment tax credit 187,080
178,607
Unrecognized tax benefits (Note 4) 9,524
19,377
Other 186,345
188,286
Total deferred credits and other 5,404,093
5,204,072
COMMITMENTS AND CONTINGENCIES (SEE NOTES)
EQUITY
Common stock, no par value; authorized 150,000,000 shares, 111,095,402 and 110,649,762 issued at respective
dates 2,541,668
2,512,970
Treasury stock at cost; 115,030 shares at end of 2015 and 78,400 shares at end of 2014 (5,806)
(3,401)
Total common stock 2,535,862
2,509,569
Retained earnings 2,092,803
1,926,065
Accumulated other comprehensive loss:
Pension and other postretirement benefits (Note 7) (37,593)
(57,756)
Derivative instruments (Note 16) (7,155)
(10,385)
Total accumulated other comprehensive loss (44,748)
(68,141)
Total shareholders’ equity 4,583,917
4,367,493
Noncontrolling interests (Note 18) 135,540
151,609
Total equity 4,719,457
4,519,102
TOTAL LIABILITIES AND EQUITY $ 15,028,258
$ 14,288,890
The accompanying notes are an integral part of the financial statements.
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