PINNACLE WEST CAPITAL CORPORATION PNW Cash Flow

Pinnacle west capital corporation (PNW)

CashFlow / TTM

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
569,888	557,813	519,908	522,644	545,237	530,540	526,093	487,153	487,858	507,949	539,566	526,521	480,386	461,527	449,386	443,464	444,789	456,190	419,747	405,855	419,732	423,696	446,975	433,607	431,821	439,966	437,823	455,968	446,481	413,164	402,483	412,405	376,133	366,940	359,451	335,705	361,432	370,209	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including nuclear fuel
669,507	664,140	661,895	657,590	655,190	650,955	654,783	644,894	626,334	610,629	587,867	574,005	572,113	565,011	566,394	571,737	570,929	571,664	552,886	532,334	515,587	496,487	486,073	489,211	490,372	492,322	498,663	491,001	487,119	481,262	484,247	487,827	488,973	493,784	492,152	488,543	481,983	472,807	0	0	0
Deferred fuel and purchased power
-104,975	-82,481	-56,702	-44,867	-42,618	-78,277	-87,543	-76,524	-66,367	-48,405	-57,466	-61,270	-62,298	-60,303	-31,051	-17,740	-1,667	14,997	-184	-16,531	-40,886	-26,927	-18,295	-13,190	22,114	21,678	33,133	25,495	56,013	71,573	89,734	86,748	65,973	69,166	74,576	93,061	99,538	93,631	0	0	0
Deferred fuel and purchased power amortization
34,828	49,508	62,954	89,206	109,620	116,750	95,783	49,747	9,407	-14,767	-8,367	10,711	31,592	38,152	10,699	3,971	-1,609	1,617	28,317	33,782	38,349	40,757	39,756	38,668	38,090	31,190	-1,664	-51,407	-91,080	-116,716	-126,033	-140,783	-148,433	-155,157	-147,573	-135,749	-127,766	-122,481	0	0	0
Allowance for equity funds used during construction
27,940	31,431	37,585	43,927	49,428	52,319	53,756	54,225	51,608	47,011	43,727	41,193	41,106	42,140	40,080	37,531	36,507	35,215	35,025	34,418	32,572	30,790	28,862	27,393	26,159	25,581	25,495	25,634	24,544	22,436	20,649	22,319	23,068	23,707	24,346	22,492	22,072	22,066	0	0	0
Real estate impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,731	0	0	0
Deferred income taxes
-23,185	-1,479	83,487	87,970	121,204	117,355	154,486	187,510	237,578	248,164	223,204	235,354	213,759	206,870	263,663	237,323	233,309	236,819	190,317	191,789	157,191	159,023	129,941	213,381	267,371	249,296	245,628	194,440	179,747	187,023	183,897	167,116	156,968	117,952	110,507	221,384	168,561	260,411	0	0	0
Deferred investment tax credit
-3,826	-3,938	-5,279	-5,292	-4,964	-5,170	-1,483	-5,003	-4,784	-4,587	21,033	28,359	23,540	23,082	5,273	8,608	8,653	8,473	10,582	-4,847	26,199	26,246	61,584	61,258	30,867	52,542	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in derivative instruments fair value
-	-	-	-	-	-	-	-	-	373	379	388	393	403	398	393	388	381	222	-65	-248	-339	-297	-234	-188	-534	-731	-2,218	2,401	749	-1,260	-1,725	-6,333	-4,064	-833	-13	-562	-2,688	0	0	0
Stock compensation
12,584	18,376	19,893	20,083	21,084	19,547	20,089	20,800	21,042	20,502	7,848	6,726	12,193	18,883	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accounts and Notes Receivable
2,690	12,789	-11,227	-59,745	36,512	-37,530	-47,920	49,845	51,286	93,797	131,501	45,215	2,764	2,489	-7,136	24,715	14,111	22,219	10,882	5,088	39,484	52,672	16,015	30,569	22,936	44,991	86,745	43,397	33,746	-14,587	-11,339	24,069	-17,362	-40,626	11,380	17,539	52,659	67,943	0	0	0
Changes in current assets and liabilities:
Accrued unbilled revenues
-20,643	-9,005	-40,537	-14,230	-4,912	24,736	44,397	-5,816	17,763	4,485	1,445	16,132	11,431	11,709	-11,738	12,355	-4,605	-4,293	6,233	12,772	5,493	3,737	23,481	8,836	-1,240	1,951	-3,870	-4,842	-14,581	-30,394	-47,744	4,768	11,069	21,947	4,163	1,241	7,193	-7,679	0	0	0
Materials, supplies and fossil fuel
33,324	51,826	3,844	4,420	2,553	6,103	25,393	24,216	22,623	6,683	-1,066	8,479	3,683	1,491	5,846	4,083	12,425	23,945	15,467	5,152	6,084	-3,724	6,310	17,311	2,679	11,878	8,084	6,033	18,676	23,043	21,739	26,184	58,572	23,398	32,267	19,527	-27,457	-12,276	0	0	0
Income tax receivable
0	-	-	-	0	-	-	-	-	-3,751	0	4,073	4,894	3,162	0	0	1,320	-2,509	0	0	-1,330	-132,419	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Prepaid Expense
0	-	-	0	0	-	-	-23,907	-6,109	10,580	33,702	41,093	32,546	23,324	10,514	-6,224	-4,645	-3,145	-10,806	-9,694	-5,422	-4,384	10,095	17,512	26,057	17,913	29,563	32,384	26,375	27,352	11,533	-24,567	5,945	3,079	-13,821	19,338	-16,887	-9,375	0	0	0
Accounts payable
18,856	50,641	30,696	14,658	37,729	-14,602	-10,910	-8,926	-71,654	-23,769	-33,938	-92,767	-6,327	-66,917	-38,256	-23,279	-37,036	-34,266	-46,429	5,556	14,964	-353	-6,461	-9,424	-17,501	45,414	17,880	-20,236	-45,320	-96,600	-40,770	29,728	43,534	58,346	1,778	1,629	7,916	9,125	0	0	0
Accrued taxes
-5,217	-9,920	-5,916	2,559	5,743	6,597	-1,221	6,377	12,260	9,982	9,349	5,625	864	447	-31,154	-10,645	-6,835	-2,013	747	-5,895	9,587	9,615	66,074	31,736	14,583	6,059	1,756	-2,007	14,953	12,736	-11,550	-1,670	-7,461	8,085	56,905	-21,794	47,162	24,222	0	0	0
Other current liabilities
-61,497	-84,651	-53,605	-42,506	-46,046	28,174	28,070	73,342	108,925	19,154	45,913	-69,096	-34,167	29,594	-28,732	67,653	19,310	603	-13,563	-15,224	-22,991	17,892	36,798	38,563	39,259	-7,513	10,894	-3,036	1,037	23,869	7,129	17,198	17,960	20,358	26,483	33,471	5,087	2,921	0	0	0
Expenditures for real estate investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gains and other changes in real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Change in margin and collateral accounts — assets
-	-	-	-	-	-	-	-	-	300	1,670	-636	20	-673	-1,484	-4,194	-633	324	1,159	2,788	329	343	-845	3	230	-993	91	-981	-5,002	-2,216	-1,738	-12,288	-27,276	-33,349	-27,990	-10,592	-5,563	9,937	0	0	0
Change in margin and collateral accounts — liabilities
-	-	-	-	-	-	-	-	-	-533	-1,975	-4,975	17,325	17,735	10,183	13,933	36,606	22,776	26,578	24,303	-9,320	-24,975	-23,520	-24,670	-40,925	12,355	38,206	82,783	194,940	137,785	58,525	59,766	-38,697	29,731	141,195	41,946	71,658	-88,315	0	0	0
Change in unrecognized tax benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,410	11,151	7,968	-116,724	-73,621	0	0	0
Change in other long-term assets
-63,718	82,895	-12,208	28,173	-16,899	-78,604	-5,603	-4,609	35,409	68,480	60,537	68,224	79,495	60,163	74,916	37,059	1,952	-2,426	-11,197	38,934	60,051	56,561	68,049	37,836	20,823	42,389	3,588	15,232	2,861	-6,872	44,929	17,189	30,022	41,722	-764	63,150	54,516	47,940	0	0	0
Change in other long-term liabilities
-252,584	-132,666	-1,379	33,465	36,813	-48,958	-79,428	-122,487	-103,649	-29,980	-55,546	-53,477	-69,038	-82,793	-40,706	-79,740	-119,821	-100,715	-172,366	-128,329	-72,236	-114,052	-75,288	-68,538	-96,815	-24,050	-10,264	46,519	45,343	29,801	21,100	5,771	45,428	58,484	-40,459	8,405	-25,412	-97,388	0	0	0
Net cash flow provided by operating activities
966,922	956,726	1,152,142	1,227,276	1,283,704	1,277,144	1,305,875	1,223,276	1,144,857	1,118,036	1,030,264	891,477	1,019,232	1,023,390	1,038,004	1,122,508	1,094,388	1,094,327	1,034,082	1,028,855	994,618	1,099,627	1,157,895	1,164,117	1,190,307	1,153,307	1,123,981	1,166,743	1,267,944	1,171,122	1,134,548	1,147,939	997,422	1,125,583	1,101,463	985,322	1,007,628	750,457	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures
1,271,669	1,191,447	1,137,597	1,039,621	1,076,924	1,178,169	1,279,476	1,395,097	1,420,987	1,408,774	1,288,315	1,237,489	1,245,796	1,275,472	1,312,297	1,276,661	1,203,546	1,076,087	1,070,676	1,052,917	954,216	910,634	1,053,465	1,028,473	1,040,922	1,016,322	800,382	841,377	831,437	889,551	911,773	921,853	933,770	884,350	838,928	757,067	737,373	748,374	0	0	0
Contributions in aid of construction
65,907	70,693	39,226	27,286	27,085	27,716	21,395	25,015	26,302	23,708	49,865	53,201	57,807	64,296	51,919	34,663	31,788	46,546	45,770	48,689	39,811	20,325	14,717	32,500	33,914	41,090	43,335	45,312	50,917	49,876	43,196	41,991	42,831	38,096	43,847	39,496	38,941	32,754	0	0	0
Allowance for borrowed funds used during construction
-15,939	-18,528	-20,866	-23,293	-25,090	-25,180	-25,693	-25,780	-24,395	-22,112	-20,500	-18,820	-19,215	-19,970	-19,051	-18,249	-17,270	-16,259	-16,474	-16,435	-15,903	-15,457	-15,039	-14,795	-14,641	-14,861	-15,404	-15,999	-15,810	-14,971	-14,415	-17,524	-17,933	-18,358	-18,596	-17,815	-17,274	-16,778	0	0	0
Proceeds from nuclear decommissioning trust sales and other special use funds
735,073	719,034	730,814	703,986	701,625	653,033	633,601	525,283	521,576	542,246	537,851	618,180	642,727	633,410	595,928	543,628	505,340	478,813	417,223	382,750	368,320	356,195	351,357	391,253	413,942	446,025	486,421	460,461	460,796	417,603	387,269	409,318	400,509	497,780	541,851	530,273	591,339	560,469	0	0	0
Investment in nuclear decommissioning trust and other special use funds
738,221	722,181	733,961	723,117	720,756	672,165	653,303	527,564	523,858	544,527	539,563	620,462	645,008	635,691	601,703	553,145	518,847	496,062	434,720	400,247	385,568	373,444	368,605	408,501	431,191	463,274	503,670	477,711	478,045	434,852	403,905	425,339	415,918	513,799	560,275	551,103	614,574	584,885	0	0	0
Other
-7,225	-11,452	-10,863	-13,393	-7,816	-1,941	-1,262	21,250	19,584	19,078	20,589	19,471	18,972	18,651	18,707	2,423	3,186	3,184	2,822	1,043	-579	-347	167	2,475	2,291	2,059	2,132	836	1,036	1,099	1,205	104	585	1,931	2,291	-2,374	-8,336	-8,576	0	0	0
Net cash flow used for investing activities
-1,217,624	-1,130,977	-1,111,521	-1,041,366	-1,086,244	-1,192,824	-1,302,214	-1,419,393	-1,440,946	-1,428,537	-1,281,251	-1,224,861	-1,228,457	-1,252,078	-1,303,911	-1,272,187	-1,205,721	-1,066,233	-1,061,699	-1,039,203	-946,977	-922,668	-1,071,202	-1,030,491	-1,041,189	-1,009,401	-791,832	-830,150	-814,615	-872,994	-900,833	-868,400	-824,311	-782,007	-732,973	-626,360	-558,267	-575,900	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of long-term debt
594,864	1,092,188	944,981	942,569	942,569	445,245	594,006	596,604	592,798	848,239	549,478	498,853	948,592	693,151	935,566	688,348	592,415	842,415	757,000	795,151	731,126	731,126	574,126	535,975	282,000	136,307	261,307	261,307	261,307	476,081	351,081	646,434	614,434	470,353	0	0	0	-	-	-	0
Short-term borrowing and payments — net
-195,050	54,275	-32,825	-143,876	-97,850	-7,000	-19,200	105,249	133,603	-107,800	-14,900	360,860	-102,503	137,200	26,300	-93,360	217,300	-147,400	37,850	-19,150	35,000	-5,725	19,150	146,550	9,500	60,950	0	0	0	-	-	101,700	199,300	-16,600	0	2,684	-272,316	-137,115	0	0	0
Short-term debt borrowings
800,690	49,000	49,000	49,000	9,000	45,000	80,000	86,000	86,000	58,000	29,000	57,000	48,000	40,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt repayments
286,690	65,000	87,000	89,000	37,000	57,000	64,000	57,000	57,000	32,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
250,000	600,000	600,000	600,000	682,000	182,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	654,286	848,415	888,658	855,726	655,169	250,500	279,313	277,592	106,572	0	0	0
Dividends paid on common stock
335,003	329,643	323,971	318,929	313,886	308,892	303,903	299,215	294,519	289,793	285,041	281,414	277,795	274,229	270,676	267,121	263,577	260,027	251,359	249,774	248,212	246,671	248,537	244,151	239,697	235,244	232,486	230,009	227,547	225,075	222,605	220,488	222,023	221,728	221,454	222,994	220,858	216,979	0	0	0
Common stock equity issuance - net of purchases
1,665	692	-3,201	-5,121	-4,880	-5,055	-6,504	-6,892	-4,638	-13,390	-25,527	-23,676	-25,349	-4,867	18,620	17,229	18,585	19,373	12,971	14,824	15,588	15,288	21,783	20,193	17,268	17,319	16,667	16,837	21,107	15,955	10,572	10,190	8,403	15,841	15,768	15,879	266,854	255,971	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	0	0	-2	-	2	1	2	1	158	160	160	161	-510	-494	336	299	797	805	1,891	170	649	467	-772	-2,668	-3,133	2,281	1,619	6,351	0	0	0
Net cash flow provided by financing activities
307,732	178,768	-75,760	-188,101	-206,791	-92,446	50,656	195,003	308,501	315,512	213,394	295,297	197,769	198,081	301,167	179,162	114,153	3,790	30,153	14,744	-139,398	-178,881	-211,679	-152,268	-70,806	-160,582	-276,171	-320,018	-448,930	-305,509	-718,948	-360,585	-266,594	-420,181	307	-317,190	-338,696	-209,747	0	0	0
NET INCREASE IN CASH AND CASH EQUIVALENTS
57,030	4,517	-35,139	-2,191	-9,331	-8,126	54,317	-1,114	12,412	5,011	-37,593	-38,087	-11,456	-30,607	35,260	29,483	2,820	31,884	2,536	4,396	-91,757	-1,922	-124,986	-18,642	78,312	-16,676	55,978	16,575	4,399	-7,381	-485,233	-81,046	-93,483	-76,605	368,797	41,772	110,665	-35,190	0	0	0
Supplemental disclosure of cash flow information
Income Taxes Paid, Net
-	-	-	-	-	-	-	0	2,188	-	9,579	9,515	7,452	9,956	6,420	7,219	7,220	6,550	31,692	30,834	30,756	-102,154	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Interest, net of amounts capitalized
-	-	-	-	-	-	-	0	191,034	-	184,920	190,223	182,603	184,462	173,784	175,310	172,793	170,209	174,905	170,375	181,482	177,074	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Accrued capital expenditures
-	-	-	-	-	-	-	0	138,089	-	116,571	140,086	134,454	114,855	138,395	100,099	87,340	83,798	57,295	64,029	75,969	44,712	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
APS
NET INCOME
591,833	584,764	561,291	580,787	608,435	589,758	573,068	518,955	510,239	523,802	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization including nuclear fuel
669,423	664,055	661,809	657,504	654,221	649,295	652,719	642,425	624,345	608,935	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred fuel and purchased power
-104,975	-82,481	-56,702	-44,867	-42,618	-78,277	-87,543	-76,523	-66,367	-48,405	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred fuel and purchased power amortization
34,828	49,508	62,954	89,206	109,620	116,750	95,783	49,747	9,407	-14,767	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
27,940	31,431	37,585	43,927	49,428	52,319	53,756	54,225	51,608	47,011	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
31,790	48,367	70,610	38,930	58,189	59,927	133,528	172,425	241,099	249,465	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred investment tax credit
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accounts and Notes Receivable
13,571	12,075	-1,463	-48,305	38,700	-35,406	-60,216	35,872	38,175	68,040	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued unbilled revenues
-20,643	-9,005	-40,537	-14,230	-4,912	24,736	44,397	-5,816	17,763	4,485	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials, supplies and fossil fuel
33,324	51,826	3,844	4,420	2,516	6,206	25,442	24,243	22,619	6,503	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Prepaid Expense
0	-	-	0	0	-	-	-20,816	-6,995	6,775	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
18,446	53,258	30,253	13,218	39,758	-15,608	-5,634	-7,135	-74,000	-26,561	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued taxes
-40,020	-40,029	-48,201	-7,839	19,136	19,008	30,307	36,426	33,062	26,773	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
-49,660	-82,138	-50,587	-40,034	-40,786	25,070	25,454	68,715	101,131	27,912	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other long-term assets
-60,969	85,725	2,325	41,941	-9,714	-77,952	-3,240	-1,827	43,646	78,540	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other long-term liabilities
-249,324	-129,682	-1,795	32,727	30,284	-55,169	-85,952	-128,810	-103,922	-31,106	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flow provided by operating activities
1,012,870	1,007,411	1,097,055	1,183,786	1,265,604	1,254,801	1,344,746	1,241,615	1,165,524	1,161,730	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
1,272,015	1,191,447	1,137,597	1,039,621	1,073,468	1,169,061	1,262,554	1,372,428	1,393,830	1,381,930	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions in aid of construction
65,907	70,693	39,226	27,286	27,085	27,716	21,395	25,015	26,302	23,708	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for borrowed funds used during construction
-15,939	-18,528	-20,866	-23,293	-25,090	-25,180	-25,693	-25,780	-24,395	-22,112	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from nuclear decommissioning trust sales and other special use funds
735,073	719,034	730,989	704,160	701,625	653,033	633,426	525,109	521,576	542,246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in nuclear decommissioning trust and other special use funds
738,221	722,181	734,136	723,292	720,756	672,165	653,128	527,389	523,858	544,527	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-6,576	-6,336	4,091	2,180	1,746	1,789	1,701	18,281	18,947	18,538	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flow used for investing activities
-1,218,619	-1,136,093	-1,126,475	-1,056,940	-1,092,350	-1,187,446	-1,288,255	-1,393,754	-1,413,152	-1,401,153	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of long-term debt
594,864	1,092,188	794,981	792,569	792,569	295,245	295,245	297,843	294,037	549,478	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowing and payments — net
-157,500	0	2,900	-123,076	-98,000	0	-31,800	114,249	139,003	-135,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt borrowings
540,000	0	0	0	0	25,000	25,000	25,000	25,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt repayments
110,000	0	0	0	0	25,000	25,000	25,000	25,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
250,000	600,000	600,000	600,000	682,000	182,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on common stock
341,600	336,300	331,000	326,000	321,000	316,000	311,000	306,300	301,600	296,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flow provided by financing activities
253,020	133,144	-5,863	-129,251	-181,175	-75,499	-2,299	151,048	258,696	244,434	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE IN CASH AND CASH EQUIVALENTS
47,271	4,462	-35,283	-2,405	-7,921	-8,144	54,192	-1,091	11,068	5,011	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ARIZONA PUBLIC SERVICE COMPANY
Change in derivative instruments fair value
-	-	-	-	-	-	-	-	-	373	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in margin and collateral accounts — assets
-	-	-	-	-	-	-	-	-	300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in margin and collateral accounts — liabilities
-	-	-	-	-	-	-	-	-	-533	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Arizona Public Service Company [Member]
Income Taxes Paid, Net
-	-	-	-	-	-	-	0	-14,098	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest, net of amounts capitalized
-	-	-	-	-	-	-	0	185,954	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued capital expenditures
-	-	-	-	-	-	-	0	138,024	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-