PINNACLE WEST CAPITAL CORPORATION PNW Balance Sheet

Pinnacle west capital corporation (PNW)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
CURRENT ASSETS
Cash and cash equivalents
63	10	29	1	6	5	64	3	15	13	10	4	3	8	48	43	14	39	13	13	11	7	10	103	9	135	27	25	26	79	11	20	33	564	92	114	110	195	50	145
Customer and other receivables
258	266	361	263	249	267	370	321	212	305	425	293	191	250	325	278	215	274	362	289	242	297	391	245	299	427	345	267	277	365	316	238	284	365	294	309	324	387	283	301
Accrued unbilled revenues
93	128	155	193	114	137	196	207	118	112	151	213	101	107	150	197	89	96	162	185	94	100	156	88	96	132	163	90	94	136	168	104	125	184	163	93	103	180	162	110
Allowance for doubtful accounts
8	8	7	3	2	4	5	3	2	2	3	2	1	3	3	2	2	3	3	2	2	3	3	2	3	3	2	2	3	4	3	2	3	4	3	7	7	7	6	6
Materials and supplies (at average cost)
323	331	293	289	280	269	268	263	257	264	257	258	252	253	250	241	234	234	234	231	221	218	230	223	221	223	220	223	218	219	217	213	204	203	194	161	181	174	172	176
Fossil fuel (at average cost)
16	14	18	25	26	25	40	47	48	25	27	29	30	28	34	36	44	45	43	43	44	37	32	36	38	34	33	35	31	31	30	26	22	25	26	20	21	21	29	39
Deferred income taxes (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	77	113	122	61	58	91	87	105	75	152	95	87	141	130	107	113	124	124	134	187	53
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	-	-	22	102	-
Income tax receivable
20	21	14	-	-	0	-	-	-	-	0	4	9	3	0	0	4	0	0	0	3	3	0	4	135	133	2	2	2	-	0	8	6	-	-	0	2	22	0	26
Assets from risk management activities (Note 7)
2	0	0	0	0	1	1	3	1	1	0	0	4	19	6	16	16	15	13	14	13	13	11	16	17	22	22	20	25	26	29	34	30	27	38	54	73	68	60	50
Deferred fuel and purchased power regulatory asset (Note 4)
77	70	59	30	7	37	65	74	74	75	73	48	17	12	8	-	-	0	0	0	0	6	15	-	20	37	26	41	72	67	-	5	27	31	-	-	-	-	-	-
Other regulatory assets (Note 4)
147	133	138	153	127	129	143	154	178	172	184	172	138	94	114	108	168	149	139	134	147	129	94	76	76	82	79	52	71	53	54	81	69	55	56	55	62	-	-	-
Other current assets
82	61	67	72	65	56	60	45	51	48	45	45	48	45	43	42	40	37	38	44	45	38	40	45	39	36	42	39	37	28	33	32	26	29	30	31	28	43	44	30
Total current assets
1,078	1,030	1,133	1,028	876	924	1,207	1,118	957	1,016	1,174	1,068	794	822	977	963	826	890	1,061	1,031	935	973	1,040	897	1,043	1,350	1,066	871	1,005	1,098	947	904	956	1,591	1,036	958	1,024	1,243	1,086	928
INVESTMENTS AND OTHER ASSETS
Real estate investments - net (Notes 1, 6 and 23)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	119
Assets from risk management activities (Note 16)
-	-	-	-	-	-	-	-	-	-	1	0	0	0	0	5	8	12	15	18	18	17	17	21	23	26	31	34	35	38	43	53	49	32	43	38	39	54	44	28
Nuclear decommissioning trust (Notes 11 and 12)
920	1,010	967	950	919	851	906	873	861	871	841	822	805	779	779	767	751	735	712	723	727	713	690	657	642	612	595	596	570	566	544	541	513	488	497	486	469	453	424	414
Other special use funds (Notes 11 and 12)
252	245	243	241	238	236	233	216	217	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
97	96	102	97	99	103	106	59	58	52	88	71	70	69	68	54	52	52	52	51	51	54	60	60	60	60	64	64	62	62	64	64	64	63	63	64	116	112	109	110
Total investments and other assets
1,270	1,352	1,313	1,289	1,256	1,190	1,247	1,149	1,137	955	932	893	875	848	848	827	813	799	779	794	797	785	768	740	726	698	691	694	669	667	653	659	627	584	604	589	625	621	578	673
PROPERTY, PLANT AND EQUIPMENT
Plant in service and held for future use
19,930	19,836	19,677	19,630	18,763	18,736	18,443	18,328	17,896	17,798	17,310	17,227	17,436	17,341	16,877	16,663	16,285	16,222	15,997	15,926	15,551	15,543	15,251	15,256	15,200	14,597	14,503	14,494	14,346	14,116	14,048	13,928	13,753	13,423	13,351	13,270	13,201	12,987	12,932	12,848
Accumulated depreciation and amortization
6,784	6,637	6,552	6,470	6,398	6,366	6,328	6,245	6,231	6,128	6,037	5,951	6,060	5,970	5,895	5,733	5,670	5,594	5,537	5,497	5,452	5,397	5,308	5,360	5,300	5,101	5,022	4,997	4,929	4,901	4,843	4,775	4,709	4,684	4,675	4,580	4,514	4,459	4,400	4,340
Net
13,146	13,198	13,125	13,159	12,364	12,370	12,115	12,082	11,664	11,669	11,272	11,275	11,376	11,371	10,981	10,930	10,615	10,628	10,459	10,429	10,098	10,145	9,942	9,896	9,900	9,496	9,481	9,497	9,416	9,214	9,205	9,152	9,043	8,738	8,676	8,690	8,687	8,527	8,531	8,507
Construction work in progress
942	808	738	568	1,233	1,170	1,200	1,140	1,453	1,291	1,379	1,195	1,005	1,019	1,118	966	1,038	816	752	638	841	682	673	646	581	605	545	498	565	587	458	462	496	618	524	441	459	555	496	467
Palo Verde sale leaseback, net of accumulated depreciation of $249,144 and $245,275 (Note 19)
-	-	102	103	104	105	106	107	108	109	110	111	112	113	114	115	116	117	118	119	120	121	122	124	125	126	127	128	128	129	130	131	132	133	134	135	137	140	142	146
Intangible assets, net of accumulated amortization
279	290	266	261	267	262	268	257	262	257	256	265	251	90	96	108	116	123	134	127	127	119	127	144	157	160	162	162	162	152	163	170	170	176	177	182	184	178	168	164
Nuclear fuel, net of accumulated amortization
168	123	141	159	142	120	134	119	135	117	135	118	135	119	133	120	138	123	137	156	136	125	138	144	124	140	156	140	122	139	159	141	118	134	142	129	108	124	136	118
Assets held for sale (Note 8)
-	-	-	-	-	-	-	95	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Public Utilities, Property, Plant and Equipment, Net
14,637	14,522	14,375	14,253	14,113	14,029	13,826	13,802	13,625	13,445	13,154	12,967	12,881	12,714	12,445	12,240	12,023	11,808	11,602	11,471	11,324	11,194	11,003	10,955	10,888	10,529	10,472	10,427	10,396	10,224	10,117	10,059	9,962	9,801	9,656	9,580	9,578	9,525	9,475	9,404
DEFERRED DEBITS
Regulatory Assets, Noncurrent
1,302	1,304	1,329	1,321	1,321	1,342	1,221	1,233	1,200	1,202	1,381	1,415	1,321	1,313	1,212	1,190	1,203	1,214	1,102	1,081	1,067	1,054	836	719	711	1,105	1,120	1,097	1,099	1,250	1,283	1,344	1,352	977	983	979	986	879	850	813
Operating lease right-of-use assets
144	145	156	176	193	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets for other postretirement benefits (Note 5)
96	90	31	56	52	46	29	47	89	268	193	184	175	166	191	186	190	185	172	168	156	152	180	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	70	70	69	69	69	68	68	67	67	65	65	65	65
Other
32	33	37	40	39	129	140	140	138	130	141	141	144	139	130	129	127	128	155	154	154	129	150	137	137	138	140	139	137	148	143	146	143	126	125	127	113	100	102	101
Total deferred debits
1,575	1,573	1,555	1,594	1,607	1,519	1,391	1,421	1,428	1,601	1,716	1,740	1,640	1,619	1,533	1,507	1,521	1,528	1,430	1,404	1,378	1,335	1,167	857	849	1,244	1,332	1,307	1,308	1,469	1,496	1,560	1,564	1,172	1,176	1,174	1,164	1,044	1,018	979
TOTAL ASSETS
18,561	18,479	18,377	18,165	17,854	17,664	17,671	17,492	17,148	17,019	16,977	16,669	16,192	16,004	15,805	15,538	15,185	15,028	14,875	14,701	14,435	14,288	13,980	13,450	13,508	13,822	13,562	13,300	13,379	13,460	13,214	13,183	13,111	13,150	12,474	12,302	12,392	12,435	12,158	11,986
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Current maturities of long-term debt (Note 3)
650	800	450	250	250	500	600	600	582	82	207	207	125	125	16	293	357	357	411	102	383	383	368	540	540	566	599	122	122	90	57	101	477	876	903	832	631	238	458	303
Accounts payable
301	346	276	327	263	277	249	260	205	256	236	270	250	264	248	316	234	297	233	326	271	295	278	224	284	250	287	212	221	231	316	265	326	281	271	215	236	253	261	240
Accrued taxes
194	144	220	158	199	154	226	156	194	148	228	150	182	138	219	145	181	138	250	155	188	140	249	179	130	183	129	164	124	190	133	160	120	191	131	155	104	157	153	104
Accrued interest
53	53	50	50	50	61	53	56	51	56	49	53	48	52	46	57	44	56	40	54	42	52	41	47	48	45	49	44	49	50	61	44	54	56	55	54	54	52	54	54
Common dividends payable
0	87	0	82	0	82	0	77	0	77	0	73	0	72	0	69	0	69	0	65	0	65	0	-	62	-	59	-	59	-	57	-	-	-	57	-	-	-	56	-
Short-term borrowings (Note 3)
563	114	57	432	244	76	128	616	369	95	131	482	207	177	117	64	261	0	57	157	44	147	19	9	153	-	30	-	92	-	109	216	-	-	7	17	16	0	4	153
Customer deposits
54	64	78	84	87	91	89	89	75	70	69	72	76	82	78	79	78	73	72	72	72	72	73	75	76	77	78	80	79	76	74	74	72	71	70	68	68	68	69	71
Liabilities from risk management activities (Note 7)
54	38	44	58	33	35	45	49	67	59	50	48	41	25	45	55	93	77	74	60	62	59	27	19	31	53	67	65	73	56	64	89	53	60	58	71	58	55	63	55
Liabilities for asset retirements
10	11	12	21	22	19	13	9	6	4	1	8	8	9	11	15	13	28	26	28	28	32	39	25	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
12	12	26	60	65	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred fuel and purchased power regulatory liability (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	17	9	12	16	16	0	-	18	-	-	-	-	-	-	0	-	-	-	54	77	58	41	97	87
Regulatory liabilities (Note 4)
279	234	208	231	260	165	159	156	136	100	120	91	101	99	104	113	122	136	135	136	113	130	154	116	99	88	80	76	88	96	89	89	88	94	88	78	80	-	-	-
Other current liabilities
121	168	161	140	114	184	169	167	184	246	207	181	152	244	222	265	180	197	208	162	150	178	195	136	158	181	154	124	171	157	139	115	148	150	132	103	139	141	105	125
Total current liabilities
2,295	2,078	1,586	1,900	1,591	1,648	1,734	2,238	1,874	1,197	1,303	1,638	1,193	1,292	1,109	1,478	1,585	1,442	1,523	1,339	1,373	1,559	1,448	1,394	1,618	1,446	1,537	891	1,083	949	1,104	1,157	1,342	1,783	1,831	1,674	1,449	967	1,227	1,108
LONG-TERM DEBT LESS CURRENT MATURITIES (Note 2)
Long-term debt less current maturities (Note 6)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,782	2,782	3,265	-	3,281	3,313	3,275	2,953	2,963	2,678	2,748	2,948	3,349	3,213	3,370
Palo Verde sale leaseback lessor notes less current maturities (Note 6)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	37	38	-	57	57	65	65	83	83	96	96	113	113	126
Long-term debt less current maturities (Note 3)
4,833	4,832	4,984	4,886	4,886	4,638	4,487	4,191	4,290	4,789	4,491	4,192	4,273	4,021	4,145	3,897	3,463	3,462	3,257	3,565	3,281	3,006	3,037	3,045	2,796	2,820	2,820	3,304	3,199	3,338	3,371	3,341	3,019	3,046	2,761	2,845	3,045	3,463	3,326	3,496
DEFERRED CREDITS AND OTHER
Deferred income taxes
2,016	1,992	1,975	1,838	1,811	1,807	1,813	1,727	1,689	1,690	3,182	3,048	2,955	2,945	2,941	2,794	2,726	2,723	2,673	2,614	2,586	2,582	2,505	2,359	2,351	2,363	2,175	2,064	2,151	2,115	1,946	1,918	1,925	1,955	1,825	1,775	1,863	1,868	1,696	1,496
Regulatory liabilities (Note 4)
2,067	2,267	2,310	2,287	2,272	2,325	2,410	2,389	2,415	2,452	891	940	948	948	998	1,010	1,009	994	995	1,016	1,070	1,051	1,034	783	801	798	790	805	759	746	738	754	737	689	695	689	614	685	651	679
Liabilities for asset retirements
649	646	736	723	712	706	682	677	677	674	669	631	623	615	458	446	429	415	421	419	379	358	350	344	313	364	362	358	357	294	289	284	279	258	255	244	328	323	317	301
Liabilities for pension benefits (Note 5)
273	280	297	356	384	443	316	319	284	327	409	460	469	509	401	440	441	480	383	425	412	453	233	442	513	939	1,013	1,034	1,058	1,206	1,243	1,277	1,268	877	869	824	813	737	728	811
Liabilities from risk management activities (Note 7)
32	33	27	21	14	24	34	46	47	37	35	46	63	47	58	52	85	89	96	87	73	50	24	29	70	67	85	82	85	81	108	64	82	58	57	56	65	80	86	62
Customer advances
212	215	192	174	155	137	125	118	109	113	101	98	92	88	98	101	110	115	121	120	122	123	123	115	114	109	108	108	109	105	111	113	116	112	120	118	121	127	133	136
Unrecorded Unconditional Purchase Obligation
166	165	165	197	214	212	210	213	231	231	238	236	224	221	220	203	202	201	201	200	199	198	209	208	207	114	115	119	118	118	118	118	117	117	117	117	117	117	92	92
Deferred investment tax credit
196	196	193	197	200	200	198	202	205	205	205	206	209	210	180	184	186	187	188	176	178	178	177	152	152	115	119	-	99	-	-	-	-	-	-	-	-	-	-	-
Unrecognized tax benefits
6	6	6	26	26	22	11	13	13	13	12	10	10	10	9	9	9	9	36	14	14	19	14	13	42	81	72	72	71	69	72	72	72	76	83	82	66	66	76	142
Operating lease liabilities
51	51	52	53	53	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities held for sale (Note 8)
-	-	-	-	-	-	-	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
163	159	166	144	149	147	161	168	155	148	158	168	162	156	190	198	194	186	184	196	191	188	177	184	185	178	191	307	183	248	209	219	217	170	142	144	132	127	130	144
Total deferred credits and other
5,836	6,015	6,124	6,020	5,994	6,028	5,963	5,902	5,829	5,895	5,906	5,848	5,759	5,753	5,558	5,443	5,395	5,404	5,302	5,270	5,227	5,204	4,850	4,632	4,753	5,133	5,036	4,952	4,994	4,986	4,839	4,823	4,818	4,317	4,165	4,054	4,122	4,176	4,011	3,952
COMMITMENTS AND CONTINGENCIES (SEE NOTE 8)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Common stock, no par value; authorized 150,000,000 shares, 112,563,610 and 112,540,126 issued at respective dates
2,664	2,659	2,654	2,648	2,644	2,634	2,629	2,624	2,620	2,614	2,608	2,604	2,595	2,596	2,552	2,549	2,547	2,541	2,529	2,526	2,523	2,512	2,502	2,497	2,491	2,489	2,486	2,484	2,466	2,456	2,453	2,450	2,444	2,441	2,438	2,434	2,421	2,418	2,411	2,153
Treasury stock at cost; 72,302 and 103,546 shares at respective dates
7	9	5	5	5	4	1	1	2	5	0	1	2	4	0	0	0	5	1	1	2	3	0	0	4	10	10	10	4	1	1	6	4	5	5	5	2	2	2	3
Total common stock
2,657	2,650	2,649	2,643	2,638	2,629	2,628	2,623	2,617	2,609	2,607	2,602	2,592	2,591	2,552	2,549	2,546	2,535	2,527	2,525	2,520	2,509	2,502	2,496	2,487	2,479	2,476	2,473	2,462	2,454	2,452	2,443	2,439	2,436	2,432	2,429	2,419	2,416	2,408	2,149
Retained earnings
2,867	2,837	2,949	2,637	2,659	2,641	2,780	2,465	2,454	2,442	2,576	2,300	2,278	2,255	2,342	2,079	2,097	2,092	2,190	1,933	1,942	1,926	2,052	1,801	1,785	1,886	1,659	1,648	1,624	1,721	1,476	1,468	1,534	1,579	1,323	1,351	1,423	1,473	1,239	1,298
Pension and other postretirement benefits
-	-	-	-	-	-	-	-	-	-	39	39	38	-	36	37	37	37	56	57	57	57	49	54	54	63	64	63	64	62	63	64	65	56	57	58	59	52	53	50
Derivative instruments
-	-	-	-	-	-	-	-	-	-	-3	-3	-4	-	-5	-5	-6	-7	-7	-8	-9	-10	-12	-20	-23	-26	-40	-44	-49	-56	-86	-103	-86	-64	-85	-90	-100	-120	-115	-80
Accumulated other comprehensive loss
-55	-57	-46	-47	-46	-47	-55	-56	-52	-45	-42	-43	-42	-43	-42	-43	-43	-44	-63	-65	-66	-68	-62	-74	-78	-89	-104	-107	-114	-119	-150	-167	-152	-121	-142	-149	-159	-173	-169	-131
Total shareholders’ equity
5,469	5,430	5,552	5,233	5,251	5,222	5,353	5,032	5,019	5,006	5,142	4,859	4,828	4,803	4,853	4,585	4,599	4,583	4,653	4,392	4,396	4,367	4,491	4,222	4,194	4,275	4,032	4,014	3,972	4,056	3,778	3,744	3,821	3,894	3,613	3,631	3,683	3,716	3,479	3,316
Stockholders' Equity Attributable to Noncontrolling Interest
127	122	129	124	130	125	132	127	133	129	135	130	137	132	138	133	140	135	137	132	156	151	152	154	145	145	137	137	129	129	121	116	108	108	101	97	91	111	113	111
Total equity
5,596	5,553	5,681	5,357	5,381	5,348	5,485	5,159	5,153	5,135	5,277	4,990	4,965	4,935	4,992	4,719	4,740	4,719	4,791	4,525	4,553	4,519	4,644	4,377	4,340	4,421	4,169	4,152	4,102	4,185	3,899	3,861	3,930	4,002	3,715	3,728	3,775	3,828	3,593	3,428
TOTAL LIABILITIES AND EQUITY
18,561	18,479	18,377	18,165	17,854	17,664	17,671	17,492	17,148	17,019	16,977	16,669	16,192	16,004	15,805	15,538	15,185	15,028	14,875	14,701	14,435	14,288	13,980	13,450	13,508	13,822	13,562	13,300	13,379	13,460	13,214	13,183	13,111	13,150	12,474	12,302	12,392	12,435	12,158	11,986
APS
Cash and cash equivalents
53	10	29	1	6	5	64	3	14	13	10	4	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer and other receivables
258	255	351	253	238	257	350	299	198	292	417	285	190	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued unbilled revenues
93	128	155	193	114	137	196	207	118	112	151	213	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
8	8	7	3	2	4	5	3	2	2	3	2	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials and supplies (at average cost)
323	331	293	289	280	269	268	263	256	262	256	256	251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fossil fuel (at average cost)
16	14	18	25	26	25	40	47	48	25	27	29	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable
8	7	15	-	-	0	-	-	-	-	0	0	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets from risk management activities (Note 7)
2	0	0	0	0	1	1	3	1	1	0	0	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred fuel and purchased power regulatory asset (Note 4)
77	70	59	30	7	37	65	74	74	75	73	48	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other regulatory assets (Note 4)
147	133	138	153	127	129	143	154	178	172	184	172	138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
57	38	45	49	44	35	41	42	45	41	39	38	43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
1,031	981	1,101	995	843	893	1,166	1,093	934	995	1,158	1,048	789	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nuclear decommissioning trust (Notes 11 and 12)
920	1,010	967	950	919	851	906	873	861	871	841	822	805	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other special use funds (Notes 11 and 12)
252	245	243	241	238	236	233	216	215	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
44	43	55	46	42	40	40	40	41	36	66	49	49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total investments and other assets
1,217	1,299	1,267	1,238	1,199	1,128	1,181	1,130	1,118	938	910	872	854	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plant in service and held for future use
19,927	19,832	19,674	19,626	18,760	18,733	18,440	18,325	17,751	17,654	17,195	17,112	17,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated depreciation and amortization
6,781	6,634	6,548	6,467	6,395	6,362	6,325	6,242	6,144	6,041	5,951	5,865	5,974	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net
13,146	13,198	13,125	13,159	12,364	12,370	12,114	12,082	11,607	11,612	11,244	11,246	11,349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction work in progress
942	808	738	568	1,233	1,170	1,200	1,140	1,424	1,266	1,335	1,157	970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net of accumulated amortization
279	290	266	261	267	262	268	256	262	257	256	265	251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nuclear fuel, net of accumulated amortization
168	123	141	159	142	120	134	119	135	117	135	118	135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Public Utilities, Property, Plant and Equipment, Net
14,637	14,522	14,375	14,253	14,113	14,029	13,825	13,707	13,537	13,362	13,081	12,900	12,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory Assets, Noncurrent
1,302	1,304	1,329	1,321	1,321	1,342	1,221	1,233	1,200	1,202	1,381	1,415	1,321	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
142	144	154	174	191	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets for other postretirement benefits (Note 5)
92	86	28	52	48	43	25	43	85	265	190	181	172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
31	32	37	39	38	128	129	129	132	129	129	129	130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total deferred debits
1,568	1,567	1,548	1,587	1,600	1,514	1,375	1,406	1,418	1,597	1,701	1,725	1,623	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL ASSETS
18,454	18,370	18,292	18,074	17,756	17,565	17,549	17,337	17,008	16,893	16,851	16,546	16,087	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current maturities of long-term debt (Note 3)
200	350	450	250	250	500	600	600	582	82	82	82	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
294	338	268	319	257	266	241	253	198	247	227	265	245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued taxes
190	136	215	175	230	176	263	183	211	157	233	147	178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
51	52	48	49	47	60	50	55	48	55	48	52	48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common dividends payable
0	88	0	82	0	82	0	77	0	77	0	73	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings (Note 3)
430	0	2	376	157	-	-	499	255	-	31	385	116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
54	64	78	84	87	91	89	89	75	70	69	72	76	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities from risk management activities (Note 7)
54	38	44	58	33	35	45	49	67	59	50	48	41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities for asset retirements
10	11	12	21	22	19	13	9	5	4	1	8	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
12	12	26	60	65	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory liabilities (Note 4)
279	234	208	231	260	165	159	156	136	100	120	91	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
133	164	159	138	114	178	165	162	180	243	202	180	149	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
1,710	1,492	1,514	1,850	1,526	1,576	1,628	2,137	1,761	1,098	1,068	1,407	965	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt less current maturities (Note 3)
4,833	4,833	4,535	4,437	4,437	4,189	4,188	3,893	3,992	4,491	4,491	4,192	4,273	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
2,057	2,033	1,976	1,831	1,815	1,812	1,834	1,755	1,741	1,742	3,223	3,095	3,008	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory liabilities (Note 4)
2,067	2,267	2,310	2,287	2,272	2,325	2,410	2,389	2,415	2,452	891	940	948	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities for asset retirements
649	646	736	723	712	706	682	677	669	666	660	623	615	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities for pension benefits (Note 5)
255	262	281	340	367	425	296	299	263	306	389	440	449	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities from risk management activities (Note 7)
32	33	27	21	14	24	34	46	47	37	35	46	63	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer advances
212	215	192	174	155	137	125	118	109	113	101	98	92	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrecorded Unconditional Purchase Obligation
166	165	165	197	214	212	210	213	215	215	222	221	209	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred investment tax credit
196	196	193	197	200	200	198	202	205	205	205	206	209	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrecognized tax benefits
40	40	43	42	42	41	41	44	43	43	43	37	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
49	50	50	51	51	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
141	136	143	121	125	125	139	147	140	133	143	154	148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total deferred credits and other
5,870	6,046	6,120	5,988	5,972	6,012	5,973	5,893	5,853	5,918	5,919	5,864	5,780	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock
178	178	178	178	178	178	178	178	178	178	178	178	178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
2,721	2,721	2,721	2,721	2,721	2,721	2,571	2,571	2,571	2,571	2,421	2,421	2,421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
3,047	3,011	3,119	2,801	2,816	2,788	2,909	2,570	2,548	2,533	2,661	2,377	2,354	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive loss
-34	-35	-26	-27	-26	-27	-33	-35	-30	-26	-23	-25	-24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total shareholders’ equity
5,912	5,876	5,993	5,673	5,690	5,661	5,625	5,285	5,267	5,256	5,237	4,952	4,929	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity Attributable to Noncontrolling Interest
127	122	129	124	130	125	132	127	133	129	135	130	137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
6,040	5,998	6,122	5,797	5,821	5,786	5,757	5,412	5,401	5,385	5,373	5,082	5,067	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total capitalization
10,874	10,831	10,658	10,235	10,258	9,976	9,946	9,305	9,393	9,877	9,864	9,275	9,340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL LIABILITIES AND EQUITY
18,454	18,370	18,292	18,074	17,756	17,565	17,549	17,337	17,008	16,893	16,851	16,546	16,087	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Arizona Public Service Company
Assets from risk management activities (Note 6)
-	-	-	-	-	-	-	-	-	-	1	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and other postretirement benefits
-	-	-	-	-	-	-	-	-	-	20	21	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative instruments
-	-	-	-	-	-	-	-	-	-	-3	-3	-4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ARIZONA PUBLIC SERVICE COMPANY
Palo Verde sale leaseback, net of accumulated depreciation of $249,144 and $245,275 (Note 19)
-	-	102	103	104	105	106	107	108	109	110	111	112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable Interest Entity, Primary Beneficiary [Member]
Public Utilities, Property, Plant and Equipment, Net
100	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory Assets, Noncurrent
20	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-