APS 2015 Annual Report Download - page 93
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Table of Contents
ARIZONA PUBLIC SERVICE COMPANY
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
December 31,
2015
2014
LIABILITIES AND EQUITY
CAPITALIZATION
Common stock $ 178,162
$ 178,162
Additional paid-in capital 2,379,696
2,379,696
Retained earnings 2,148,493
1,968,718
Accumulated other comprehensive (loss):
Pension and other postretirement benefits (Note 7) (19,942)
(37,948)
Derivative instruments (Note 16) (7,155)
(10,385)
Total shareholder equity 4,679,254
4,478,243
Noncontrolling interests (Note 18) 135,540
151,609
Total equity 4,814,794
4,629,852
Long-term debt less current maturities (Note 6) 3,337,391
2,881,573
Total capitalization 8,152,185
7,511,425
CURRENT LIABILITIES
Short-term borrowings (Note 5) —
147,400
Current maturities of long-term debt (Note 6) 357,580
383,570
Accounts payable 291,574
289,930
Accrued taxes (Note 4) 144,488
131,110
Accrued interest 56,003
52,358
Common dividends payable 69,400
65,800
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 180,535
167,302
Total current liabilities 1,424,708
1,532,464
DEFERRED CREDITS AND OTHER
Deferred income taxes (Note 4) 2,764,489
2,571,365
Regulatory liabilities (Notes 1, 3, and 4) 994,152
1,051,196
Liabilities for asset retirements (Note 11) 415,003
358,288
Liabilities for pension benefits (Note 7) 459,065
424,508
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) 35,251
45,740
Other 142,683
144,823
Total deferred credits and other 5,405,289
5,146,473
COMMITMENTS AND CONTINGENCIES (SEE NOTES)
TOTAL LIABILITIES AND EQUITY $ 14,982,182
$ 14,190,362
The accompanying notes are an integral part of the financial statements.
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