PINNACLE WEST CAPITAL CORPORATION PNW Cash Flow

Pinnacle west capital corporation (PNW)

CashFlow / Quarterly

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	Jun'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	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME
34,866	68,854	317,149	149,019	22,791	30,949	319,885	171,612	8,094	26,502	280,945	172,317	28,185	58,119	267,900	126,182	9,326	45,978	261,978	127,507	20,727	9,535	248,086	141,384	24,691	32,814	234,718	139,598	32,836	30,671	252,863	130,111	-481	19,990	262,785	93,839	-9,674	12,501	239,039	119,566	-897
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including nuclear fuel
173,168	163,339	168,616	164,384	167,801	161,094	164,311	161,984	163,566	164,922	154,422	143,424	147,861	142,160	140,560	141,532	140,759	143,543	145,903	140,724	141,494	124,765	125,351	123,977	122,394	114,351	128,489	125,138	124,344	120,692	120,827	121,256	118,487	123,677	124,407	122,402	123,298	122,045	120,798	115,842	114,122
Deferred fuel and purchased power
-5,785	-21,570	-44,209	-33,411	16,709	4,209	-32,374	-31,162	-18,950	-5,057	-21,355	-21,005	-988	-14,118	-25,159	-22,033	1,007	15,134	-11,848	-5,960	17,671	-47	-28,195	-30,315	31,630	8,585	-23,090	4,989	31,194	20,040	-30,728	35,507	46,754	38,201	-33,714	14,732	49,947	43,611	-15,229	21,209	44,040
Deferred fuel and purchased power amortization
-1,808	10,907	15,294	10,435	12,872	24,353	41,546	30,849	20,002	3,386	-4,490	-9,491	-4,172	9,786	14,588	11,390	2,388	-17,667	7,860	5,810	5,614	9,033	13,325	10,377	8,022	8,032	12,237	9,799	1,122	-24,822	-37,506	-29,874	-24,514	-34,139	-52,256	-37,524	-31,238	-26,555	-40,432	-29,541	-25,953
Allowance for equity funds used during construction
7,697	6,754	5,917	7,572	11,188	12,908	12,259	13,073	14,079	14,345	12,728	10,456	9,482	11,061	10,194	10,369	10,516	9,001	7,645	9,345	9,224	8,811	7,038	7,499	7,442	6,883	5,569	6,265	6,864	6,797	5,708	5,175	4,756	5,010	7,378	5,924	5,395	5,649	5,524	5,504	5,389
Real estate impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,619	15,112
Deferred income taxes
-18,086	-85,182	79,377	706	3,620	-216	83,860	33,940	-229	36,915	116,884	84,008	10,357	11,955	129,034	62,413	3,468	68,748	102,694	58,399	6,978	22,246	104,166	23,801	8,810	-6,836	187,606	77,791	-9,265	-10,504	136,418	63,098	-1,989	-13,630	119,637	52,950	-41,005	-21,075	230,514	127	50,845
Deferred investment tax credit
465	-11,226	4,632	2,303	353	-12,567	4,619	2,631	147	-8,880	1,099	2,850	344	16,740	8,425	-1,969	-114	-1,069	11,760	-1,924	-294	1,040	-3,669	29,122	-247	36,378	-3,995	-1,269	21,428	-	-	-	-	-	-	-	-	-	-	-	-
Change in derivative instruments fair value
-	-	-	-	-	-	-	-	-	119	32	121	101	125	41	126	111	120	36	121	104	-39	-251	-62	13	3	-188	-16	-333	-194	-1,675	4,603	-1,985	-2,203	-2,140	-5	284	1,028	-1,320	-554	-1,842
Stock compensation
6,282	1,890	2,761	1,651	12,074	3,407	2,951	2,652	10,537	3,949	3,662	2,894	9,997	-8,705	2,540	8,361	16,687	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accounts and Notes Receivable
-25,575	-78,717	95,049	11,933	-15,476	-102,733	46,531	108,190	-89,518	-113,123	144,296	109,631	-47,007	-75,419	58,010	67,180	-47,282	-85,044	89,861	56,576	-39,174	-96,381	84,067	90,972	-25,986	-133,038	98,621	83,339	-3,931	-91,284	55,273	73,688	-52,264	-88,036	90,681	32,257	-75,528	-36,030	96,840	67,377	-60,244
Changes in current assets and liabilities:
Accrued unbilled revenues
-34,731	-27,671	-37,821	79,580	-23,093	-59,203	-11,514	88,898	6,555	-39,542	-61,727	112,477	-6,723	-42,582	-47,040	107,776	-6,445	-66,029	-22,947	90,816	-6,133	-55,503	-16,408	83,537	-7,889	-35,759	-31,053	73,461	-4,698	-41,580	-32,025	63,722	-20,511	-58,930	20,487	70,023	-9,633	-76,714	17,565	75,975	-24,505
Materials, supplies and fossil fuel
-5,445	33,494	-2,955	8,230	13,057	-14,488	-2,379	6,363	16,607	4,802	-3,556	4,770	667	-2,947	5,989	-26	-1,525	1,408	4,226	8,316	9,995	-7,070	-6,089	9,248	187	2,964	4,912	-5,384	9,386	-830	2,861	7,259	13,753	-2,134	7,306	39,647	-21,421	6,735	-5,434	-7,337	-6,240
Income tax receivable
-1,128	-	-	-	0	-	-	-	-	0	-4,073	-5,458	5,780	3,751	0	-4,637	4,048	589	0	-3,317	219	3,098	0	-4,647	-130,870	-	-	-	433	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Prepaid Expense
20,202	-	-	6,006	10,115	-	-	-11,733	664	-11,463	-1,375	6,065	17,353	11,659	6,016	-2,482	8,131	-1,151	-10,722	-903	9,631	-8,812	-9,610	3,369	10,669	5,667	-2,193	11,914	2,525	17,317	628	5,905	3,502	1,498	-35,472	36,417	636	-15,402	-2,313	192	8,148
Accounts payable
-5,192	16,742	-31,975	39,281	26,593	-3,203	-48,013	62,352	-25,738	489	-46,029	-376	22,147	-9,680	-104,858	86,064	-38,443	18,981	-89,881	72,307	-35,673	6,818	-37,896	81,715	-50,990	710	-40,859	73,638	11,925	-26,824	-78,975	48,554	-39,355	29,006	-8,477	62,360	-24,543	-27,562	-8,626	68,647	-23,334
Accrued taxes
49,833	-76,031	62,009	-41,028	45,130	-72,027	70,484	-37,844	45,984	-79,845	78,082	-31,961	43,706	-80,478	74,358	-36,722	43,289	-112,079	94,867	-32,912	48,111	-109,319	88,225	-17,430	48,139	-52,860	53,887	-34,583	39,615	-57,163	50,124	-17,623	37,398	-81,449	60,004	-23,414	52,944	-32,629	-18,695	45,542	30,004
Other current liabilities
-63,096	-15,724	-7,657	24,980	-86,250	15,322	3,442	21,440	-12,030	15,218	48,714	57,023	-101,801	41,977	-66,295	91,952	-38,040	-16,349	30,090	43,609	-56,747	-30,515	28,429	35,842	-15,864	-11,609	30,194	36,538	-62,636	6,798	16,264	40,611	-39,804	-9,942	26,333	41,373	-37,406	-3,817	33,321	12,989	-39,572
Expenditures for real estate investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	443
Gains and other changes in real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,026	-4,095
Change in margin and collateral accounts — assets
-	-	-	-	-	-	-	-	-	-1,526	1,755	59	12	-156	-551	715	-681	-967	-3,261	4,276	276	-132	-1,632	1,817	290	-1,320	-784	2,044	-933	-236	-1,856	-1,977	1,853	242	-12,406	-16,965	-4,220	5,601	4,992	-11,936	11,280
Change in margin and collateral accounts — liabilities
-	-	-	-	-	-	-	-	-	1,092	3,075	-4,700	0	-350	75	17,600	410	-7,902	3,825	40,273	-13,420	-4,100	1,550	6,650	-29,075	-2,645	400	-9,605	24,205	23,206	44,977	102,552	-32,950	-56,054	46,218	4,089	35,478	55,410	-53,031	33,801	-124,495
Change in unrecognized tax benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,713	-6,836	0	18,959	-972	-10,019	-124,692	62,062
Change in other long-term assets
-81,143	30,619	-30,574	17,380	65,470	-64,484	9,807	-27,692	3,765	8,517	10,801	12,326	36,836	574	18,488	23,597	17,504	15,327	-19,369	-11,510	13,126	6,556	30,762	9,607	9,636	18,044	549	-7,406	31,202	-20,757	12,193	-19,777	21,469	31,044	-15,547	-6,944	33,169	-11,442	48,367	-15,578	26,593
Change in other long-term liabilities
-106,212	-105,617	-30,244	-10,511	13,706	25,670	4,600	-7,163	-72,065	-4,800	-38,459	11,675	1,604	-30,366	-36,390	-3,886	-12,151	11,721	-75,424	-43,967	6,955	-59,930	-31,387	12,126	-34,861	-21,166	-24,637	-16,151	37,904	-7,380	32,146	-17,327	22,362	-16,081	16,817	22,330	35,418	-115,024	65,681	-11,487	-36,558
Net cash flow provided by operating activities
183,628	121,965	488,827	172,502	173,432	317,381	563,961	228,930	166,872	346,112	481,362	150,511	140,051	258,340	342,575	278,266	144,209	272,954	427,079	250,146	144,148	212,709	421,852	215,909	249,157	270,977	428,074	242,099	212,157	241,651	470,836	343,300	115,335	205,077	484,227	192,783	243,496	180,957	368,086	215,089	-13,675
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures
340,014	333,564	316,482	281,609	259,792	279,714	218,506	318,912	361,037	381,021	334,127	344,802	348,824	260,562	283,301	353,109	378,500	297,387	247,665	279,994	251,041	291,976	229,906	181,293	207,459	434,807	204,914	193,742	182,859	218,867	245,909	183,802	240,973	241,089	255,989	195,719	191,553	195,667	174,128	176,025	202,554
Contributions in aid of construction
3,152	36,572	15,212	10,971	7,938	5,105	3,272	10,770	8,569	-1,216	6,892	12,057	5,975	24,941	10,228	16,663	12,464	12,564	-7,028	13,788	27,222	11,788	-4,109	4,910	7,736	6,180	13,674	6,324	14,912	8,425	15,651	11,929	13,871	1,745	14,446	12,769	9,136	7,496	10,095	12,214	2,949
Allowance for borrowed funds used during construction
-4,076	-3,883	-3,486	-4,494	-6,665	-6,221	-5,913	-6,291	-6,755	-6,734	-6,000	-4,906	-4,472	-5,122	-4,320	-5,301	-5,227	-4,203	-3,518	-4,322	-4,216	-4,418	-3,479	-3,790	-3,770	-4,000	-3,235	-3,636	-3,990	-4,543	-3,830	-3,447	-3,151	-3,987	-6,939	-3,856	-3,576	-4,225	-6,158	-3,315	-3,080
Proceeds from nuclear decommissioning trust sales and other special use funds
195,087	198,038	211,642	130,306	179,048	209,818	184,814	127,945	130,456	190,386	76,496	124,238	151,126	185,991	156,825	148,785	141,809	148,509	104,525	110,497	115,282	86,919	70,052	96,067	103,157	82,081	109,948	118,756	135,240	122,477	83,988	119,091	92,047	92,143	106,037	110,282	189,318	136,214	94,459	171,348	158,448
Investment in nuclear decommissioning trust and other special use funds
195,658	198,608	213,079	130,876	179,618	210,388	202,235	128,515	131,027	191,526	76,496	124,809	151,696	186,562	157,395	149,355	142,379	152,574	108,837	115,057	119,594	91,232	74,364	100,378	107,470	86,393	114,260	123,068	139,553	126,789	88,301	123,402	96,360	95,842	109,735	113,981	194,241	142,318	100,563	177,452	164,552
Other
-349	-2,481	-1,818	-2,577	-4,576	-1,892	-4,348	3,000	1,299	-1,213	18,164	1,334	793	298	17,046	835	472	354	762	1,598	470	-8	-1,017	-24	702	506	1,291	-208	470	579	-5	-8	533	685	-1,106	473	1,879	1,045	-5,771	-5,489	1,639
Net cash flow used for investing activities
-341,160	-298,964	-304,375	-273,125	-254,513	-279,508	-234,220	-318,003	-361,093	-388,898	-351,399	-339,556	-348,684	-241,612	-295,009	-343,152	-372,305	-293,445	-263,285	-276,686	-232,817	-288,911	-240,789	-184,460	-208,508	-437,445	-200,078	-195,158	-176,720	-219,876	-238,396	-179,623	-235,099	-247,715	-205,963	-135,534	-192,795	-198,681	-99,350	-67,441	-210,428
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of long-term debt
0	297,207	297,657	0	497,324	150,000	295,245	0	0	298,761	297,843	-3,806	255,441	0	247,218	445,933	0	242,415	0	350,000	250,000	157,000	38,151	285,975	250,000	0	0	32,000	104,307	125,000	0	32,000	319,081	0	295,353	0	175,000	-	-	-	0
Short-term borrowing and payments — net
-76,675	60,300	-369,998	191,323	172,650	-26,800	-481,049	237,349	263,500	-39,000	-356,600	265,703	22,097	53,900	19,160	-197,660	261,800	-57,000	-100,500	113,000	-102,900	128,250	-157,500	167,150	-143,625	153,125	-30,100	30,100	-92,175	-	-	-107,600	216,600	0	-7,300	-10,000	700	16,600	-4,616	-285,000	135,901
Short-term debt borrowings
751,690	0	0	49,000	0	0	0	9,000	36,000	35,000	6,000	9,000	8,000	6,000	34,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt repayments
226,690	3,000	5,000	52,000	5,000	25,000	7,000	0	25,000	32,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
150,000	100,000	0	0	500,000	100,000	0	82,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	232,583	252	45,724	375,727	426,712	40,495	12,792	175,170	22,043	69,308	11,071	4,150
Dividends paid on common stock
86,257	86,527	81,137	81,082	80,897	80,855	76,095	76,039	75,903	75,866	71,407	71,343	71,177	71,114	67,780	67,724	67,611	67,561	64,225	64,180	64,061	58,893	62,640	62,618	62,520	60,759	58,254	58,164	58,067	58,001	55,777	55,702	55,595	55,531	53,660	57,237	55,300	55,257	55,200	55,101	51,421
Common stock equity issuance - net of purchases
-1,680	822	2,230	293	-2,653	-3,071	310	534	-2,828	-4,520	-78	2,788	-11,580	-16,657	1,773	1,115	8,902	6,830	382	2,471	9,690	428	2,235	3,235	9,390	6,923	645	310	9,441	6,271	815	4,580	4,289	888	433	2,793	11,727	815	544	253,768	844
Other
-	-	-	-	-	-	-	-	-	-	0	0	-1	-	0	0	1	1	-1	1	0	158	1	1	1	-513	17	831	-36	-15	25	1,917	-1,757	464	-157	678	-3,653	-1	5,257	16	1,079
Net cash flow provided by financing activities
210,388	157,430	-156,248	96,162	81,424	-97,098	-268,589	77,472	195,769	46,004	-124,242	190,970	202,780	-56,114	-42,339	93,442	203,092	46,972	-164,344	28,433	92,729	73,335	-179,753	-125,709	53,246	40,537	-120,342	-44,247	-36,530	-75,052	-164,189	-173,159	106,891	-488,491	194,174	-79,168	-46,696	-68,003	-123,323	-100,674	82,253
NET INCREASE IN CASH AND CASH EQUIVALENTS
52,856	-19,569	28,204	-4,461	343	-59,225	61,152	-11,601	1,548	3,218	5,721	1,925	-5,853	-39,386	5,227	28,556	-25,004	26,481	-550	1,893	4,060	-2,867	1,310	-94,260	93,895	-125,931	107,654	2,694	-1,093	-53,277	68,251	-9,482	-12,873	-531,129	472,438	-21,919	4,005	-85,727	145,413	46,974	-141,850
Supplemental disclosure of cash flow information
Income Taxes Paid, Net
-	-	-	-	-	-	-	10,032	0	-	123	2,064	-2	7,394	59	1	2,502	3,858	858	2	1,832	29,000	0	-76	-131,078	-	-	-	-	-	-	-	-	-	-	-	-	-	-18,221	1,603	-5,547
Interest, net of amounts capitalized
-	-	-	-	-	-	-	48,223	56,026	-	52,279	40,590	54,280	37,771	57,582	32,970	56,139	27,093	59,108	30,453	53,555	31,789	54,578	41,560	49,147	-	-	-	-	-	-	-	-	-	52,591	54,662	55,997	-	51,854	57,043	58,679
Accrued capital expenditures
-	-	-	-	-	-	-	-20,996	86,991	-	12,514	1,211	79,306	23,540	36,029	-4,421	59,707	47,080	-2,267	-17,180	56,165	20,577	4,467	-5,240	24,908	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
APS
NET INCOME
40,218	72,822	323,743	155,050	33,149	49,349	343,239	182,698	14,472	32,659	289,126	173,982	28,035	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization including nuclear fuel
173,147	163,318	168,594	164,364	167,779	161,072	164,289	161,081	162,853	164,496	153,995	143,001	147,443	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred fuel and purchased power
-5,785	-21,570	-44,209	-33,411	16,709	4,209	-32,374	-31,162	-18,950	-5,057	-21,354	-21,006	-988	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred fuel and purchased power amortization
-1,808	10,907	15,294	10,435	12,872	24,353	41,546	30,849	20,002	3,386	-4,490	-9,491	-4,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
7,697	6,754	5,917	7,572	11,188	12,908	12,259	13,073	14,079	14,345	12,728	10,456	9,482	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-17,782	-48,635	107,627	-9,420	-1,205	-26,392	75,947	9,839	533	47,209	114,844	78,513	8,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred investment tax credit
465	-	4,632	2,303	353	-	4,619	2,631	147	-	1,099	2,850	344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accounts and Notes Receivable
-15,045	-78,742	94,462	12,896	-16,541	-92,280	47,620	99,901	-90,647	-117,090	143,708	102,204	-60,782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued unbilled revenues
-34,731	-27,671	-37,821	79,580	-23,093	-59,203	-11,514	88,898	6,555	-39,542	-61,727	112,477	-6,723	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials, supplies and fossil fuel
-5,445	33,494	-2,955	8,230	13,057	-14,488	-2,379	6,326	16,747	4,748	-3,578	4,702	631	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable
1,411	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Prepaid Expense
18,164	-	-	5,015	9,598	-	-	-8,789	1,237	-12,325	-939	5,032	15,007	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-4,038	16,254	-31,395	37,625	30,774	-6,751	-48,430	64,165	-24,592	3,223	-49,931	-2,700	22,847	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued taxes
54,243	-78,992	39,398	-54,669	54,234	-87,164	79,760	-27,694	54,106	-75,865	85,879	-31,058	47,817	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
-49,149	-15,770	-8,659	23,918	-81,627	15,781	1,894	23,166	-15,771	16,165	45,155	55,582	-88,990	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other long-term assets
-82,178	30,853	-30,074	20,430	64,516	-52,547	9,542	-31,225	-3,722	22,165	10,955	14,248	31,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other long-term liabilities
-105,117	-102,161	-30,774	-11,272	14,525	25,726	3,748	-13,715	-70,928	-5,057	-39,110	11,173	1,888	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flow provided by operating activities
193,591	177,238	495,447	146,594	188,132	266,882	582,178	228,412	177,329	356,827	479,047	152,321	173,535	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
340,014	333,564	316,482	281,955	259,446	279,714	218,506	315,802	355,039	373,207	328,380	337,204	343,139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions in aid of construction
3,152	36,572	15,212	10,971	7,938	5,105	3,272	10,770	8,569	-1,216	6,892	12,057	5,975	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for borrowed funds used during construction
-4,076	-3,883	-3,486	-4,494	-6,665	-6,221	-5,913	-6,291	-6,755	-6,734	-6,000	-4,906	-4,472	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from nuclear decommissioning trust sales and other special use funds
195,087	198,038	211,642	130,306	179,048	209,993	184,813	127,771	130,456	190,386	76,496	124,238	151,126	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in nuclear decommissioning trust and other special use funds
195,658	198,608	213,079	130,876	179,618	210,563	202,235	128,340	131,027	191,526	76,496	124,809	151,696	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
900	-9,899	1,951	472	1,140	528	40	38	1,183	440	16,620	704	774	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flow used for investing activities
-342,409	-291,546	-308,144	-276,520	-259,883	-281,928	-238,609	-311,930	-354,979	-382,737	-344,108	-331,328	-342,980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of long-term debt
0	297,207	297,657	0	497,324	0	295,245	0	0	0	297,843	-3,806	255,441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowing and payments — net
0	-2,900	-373,973	219,373	157,500	0	-499,949	244,449	255,500	-31,800	-353,900	269,203	-19,003	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt borrowings
540,000	0	0	0	0	0	0	0	25,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt repayments
110,000	0	0	0	0	0	0	0	25,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
150,000	100,000	0	0	500,000	100,000	0	82,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on common stock
88,000	88,000	82,800	82,800	82,700	82,700	77,800	77,800	77,700	77,700	73,100	73,100	72,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flow provided by financing activities
192,000	94,935	-159,116	125,201	72,124	-44,072	-282,504	73,277	177,800	29,128	-129,157	180,925	163,538	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE IN CASH AND CASH EQUIVALENTS
43,182	-19,373	28,187	-4,725	373	-59,118	61,065	-10,241	150	3,218	5,782	1,918	-5,907	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ARIZONA PUBLIC SERVICE COMPANY
Change in derivative instruments fair value
-	-	-	-	-	-	-	-	-	119	32	121	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in margin and collateral accounts — assets
-	-	-	-	-	-	-	-	-	-1,526	1,755	59	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in margin and collateral accounts — liabilities
-	-	-	-	-	-	-	-	-	1,092	3,075	-4,700	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Arizona Public Service Company [Member]
Income Taxes Paid, Net
-	-	-	-	-	-	-	24,689	0	-	131	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest, net of amounts capitalized
-	-	-	-	-	-	-	43,605	54,873	-	50,445	39,205	53,129	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued capital expenditures
-	-	-	-	-	-	-	-20,949	86,944	-	12,148	3,644	78,977	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-