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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
APS
APS
Common Stock
APS
Additional Paid-In Capital
APS
Retained Earnings
APS
Accumulated Other Comprehensive Income (Loss)
APS
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2017   (111,816,170) (64,463)         (71,264,947)        
Balance at beginning of period at Dec. 31, 2017 $ 5,135,730 $ 2,614,805 $ (5,624) $ 2,442,511 $ (45,002) $ 129,040 $ 5,385,869 $ 178,162 $ 2,571,696 $ 2,533,954 $ (26,983) $ 129,040
Increase (Decrease) in Shareholders' Equity                        
Net income 179,706     169,959   9,747 197,170     187,423   9,747
Other comprehensive loss (3,070)       (3,070)   (3,138)       (3,138)  
Dividends on common stock (155,620)     (155,620)     (155,599)     (155,599)    
Issuance of common stock (in shares)   174,052                    
Issuance of common stock 9,867 $ 9,867                    
Purchase of treasury stock (in shares) [1]     (81,177)                  
Purchase of treasury stock [1] (6,277)   $ (6,277)                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     128,007                  
Reissuance of treasury stock for stock-based compensation and other 10,470   $ 10,470 0   0            
Reclassification of income tax effects related to new tax reform (8,552)     8,552 [2] (8,552) [2]         5,038 [3] (5,038) [3]  
Capital activities by noncontrolling interests (11,372)         (11,372) (11,372)         (11,372)
Ending balance (in shares) at Jun. 30, 2018   (111,990,222) (17,633)         (71,264,947)        
Balance at end of period at Jun. 30, 2018 5,159,434 $ 2,624,672 $ (1,431) 2,465,402 (56,624) 127,415 5,412,930 $ 178,162 2,571,696 2,570,816 (35,159) 127,415
Beginning balance (in shares) at Mar. 31, 2018   (111,961,963) (29,097)         (71,264,947)        
Balance at beginning of period at Mar. 31, 2018 5,153,671 $ 2,620,261 $ (2,431) 2,454,268 (52,341) 133,914 5,401,512 $ 178,162 2,571,696 2,548,591 (30,851) 133,914
Increase (Decrease) in Shareholders' Equity                        
Net income 171,612     166,738   4,874 182,699     177,825   4,874
Other comprehensive loss (4,283)       (4,283)   (4,308)       (4,308)  
Other             (1)         (1)
Dividends on common stock (155,604)     (155,604)     (155,600)     (155,600)    
Issuance of common stock (in shares)   28,259                    
Issuance of common stock 4,411 $ 4,411                    
Reissuance of treasury stock for stock-based compensation and other (in shares)     11,464                  
Reissuance of treasury stock for stock-based compensation and other 999   $ 1,000 0   (1)            
Capital activities by noncontrolling interests (11,372)         (11,372) (11,372)         (11,372)
Ending balance (in shares) at Jun. 30, 2018   (111,990,222) (17,633)         (71,264,947)        
Balance at end of period at Jun. 30, 2018 $ 5,159,434 $ 2,624,672 $ (1,431) 2,465,402 (56,624) 127,415 5,412,930 $ 178,162 2,571,696 2,570,816 (35,159) 127,415
Beginning balance (in shares) at Dec. 31, 2018 (112,159,896) (112,159,896) (58,135)         (71,264,947)        
Balance at beginning of period at Dec. 31, 2018 $ 5,348,705 $ 2,634,265 $ (4,825) 2,641,183 (47,708) 125,790 5,786,797 $ 178,162 2,721,696 2,788,256 (27,107) 125,790
Increase (Decrease) in Shareholders' Equity                        
Net income 171,810     162,063   9,747 188,199     178,452   9,747
Other comprehensive loss 72       72   (169)       (169)  
Dividends on common stock (165,626)     (165,626)     (165,598)     (165,598)    
Issuance of common stock (in shares)   201,699                    
Issuance of common stock 13,969 $ 13,969                    
Purchase of treasury stock (in shares) [1]     (75,791)                  
Purchase of treasury stock [1] (6,882)   $ (6,882)                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     75,707                  
Reissuance of treasury stock for stock-based compensation and other 6,567   $ 6,567 0   0            
Capital activities by noncontrolling interests $ (11,372)         (11,372) (11,372)         (11,372)
Ending balance (in shares) at Jun. 30, 2019 (112,361,595) (112,361,595) (58,219)         (71,264,947)        
Balance at end of period at Jun. 30, 2019 $ 5,357,243 $ 2,648,234 $ (5,140) 2,637,620 (47,636) 124,165 5,797,857 $ 178,162 2,721,696 2,801,110 (27,276) 124,165
Beginning balance (in shares) at Mar. 31, 2019   (112,340,322) (63,271)         (71,264,947)        
Balance at beginning of period at Mar. 31, 2019 5,381,725 $ 2,644,063 $ (5,586) 2,659,086 (46,501) 130,663 5,821,026 $ 178,162 2,721,696 2,816,532 (26,027) 130,663
Increase (Decrease) in Shareholders' Equity                        
Net income 149,019     144,145   4,874 155,050     150,176   4,874
Other comprehensive loss (1,135)       (1,135)   (1,249)       (1,249)  
Dividends on common stock (165,611)     (165,611)     (165,598)     (165,598)    
Issuance of common stock (in shares)   21,273                    
Issuance of common stock 4,171 $ 4,171                    
Reissuance of treasury stock for stock-based compensation and other (in shares)     5,052                  
Reissuance of treasury stock for stock-based compensation and other 446   $ 446 0   0            
Capital activities by noncontrolling interests $ (11,372)         (11,372) (11,372)         (11,372)
Ending balance (in shares) at Jun. 30, 2019 (112,361,595) (112,361,595) (58,219)         (71,264,947)        
Balance at end of period at Jun. 30, 2019 $ 5,357,243 $ 2,648,234 $ (5,140) $ 2,637,620 $ (47,636) $ 124,165 $ 5,797,857 $ 178,162 $ 2,721,696 $ 2,801,110 $ (27,276) $ 124,165
[1]
Primarily represents shares of common stock withheld from certain stock awards for tax purposes.
[2]
In 2018, the Company adopted new accounting guidance and elected to reclassify income tax effects of the Tax Cuts and Jobs Act of 2017 (the “Tax Act”) on items within accumulated other comprehensive income to retained earnings.
[3]
In 2018, the Company adopted new accounting guidance and elected to reclassify income tax effects of the Tax Act on items within accumulated other comprehensive income to retained earnings.