APS 2015 Annual Report Download - page 92

Table of Contents
ARIZONA PUBLIC SERVICE COMPANY
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2015
2014
ASSETS
PROPERTY, PLANT AND EQUIPMENT (Notes 1, 6 and 9)
Plant in service and held for future use $ 16,218,724
$ 15,539,811
Accumulated depreciation and amortization (5,590,937)
(5,394,650)
Net 10,627,787
10,145,161
Construction work in progress 812,845
682,807
Palo Verde sale leaseback, net of accumulated depreciation of $233,665 and $229,795 (Note 18) 117,385
121,255
Intangible assets, net of accumulated amortization of $546,038 and $489,538 123,820
119,600
Nuclear fuel, net of accumulated amortization of $146,228 and $143,554 123,139
125,201
Total property, plant and equipment 11,804,976
11,194,024
INVESTMENTS AND OTHER ASSETS
Nuclear decommissioning trust (Notes 13 and 19) 735,196
713,866
Assets from risk management activities (Note 16) 12,106
17,620
Other assets 34,455
33,362
Total investments and other assets 781,757
764,848
CURRENT ASSETS
Cash and cash equivalents 22,056
4,515
Customer and other receivables 274,428
297,712
Accrued unbilled revenues 96,240
100,533
Allowance for doubtful accounts (3,125)
(3,094)
Materials and supplies (at average cost) 234,234
218,889
Fossil fuel (at average cost) 45,697
37,097
Assets from risk management activities (Note 16) 15,905
13,785
Deferred fuel and purchased power regulatory asset (Note 3) —
6,926
Other regulatory assets (Note 3) 149,555
129,808
Deferred income taxes (Note 4) —
55,253
Other current assets 35,765
38,693
Total current assets 870,755
900,117
DEFERRED DEBITS
Regulatory assets (Notes 1, 3, and 4) 1,214,146
1,054,087
Assets for other postretirement benefits (Note 7) 182,625
149,260
Other 127,923
128,026
Total deferred debits 1,524,694
1,331,373
TOTAL ASSETS $ 14,982,182
$ 14,190,362
The accompanying notes are an integral part of the financial statements.
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