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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
ARIZONA PUBLIC SERVICE COMPANY
ARIZONA PUBLIC SERVICE COMPANY
Common Stock
ARIZONA PUBLIC SERVICE COMPANY
Additional Paid-In Capital
ARIZONA PUBLIC SERVICE COMPANY
Retained Earnings
ARIZONA PUBLIC SERVICE COMPANY
Accumulated Other Comprehensive Income (Loss)
ARIZONA PUBLIC SERVICE COMPANY
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2017   111,816,170 64,463         71,264,947        
Beginning balance 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 530,540     511,047   19,493 589,758     570,265   19,493
Other comprehensive income (loss) 5,846       5,846   4,914       4,914  
Dividends on common stock (320,927)     (320,927)     (321,001)     (321,001)    
Issuance of common stock (in shares)   343,726                    
Issuance of common stock 19,460 $ 19,460                    
Purchase of treasury stock (in shares) [1]     (129,903)                  
Purchase of treasury stock [1] (10,338)   $ (10,338)                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     136,231                  
Reissuance of treasury stock for stock-based compensation and other 11,137   $ 11,137                  
Equity infusion from Pinnacle West             150,000   150,000      
Reclassification of income tax effects related to new tax reform 0 [2]     8,552 [2] (8,552) [2]   0 [3]     5,038 [3] (5,038) [3]  
Capital activities by noncontrolling interests (22,743)         (22,743) (22,743)         (22,743)
Ending balance (in shares) at Dec. 31, 2018   112,159,896 58,135         71,264,947        
Ending balance 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 557,813     538,320   19,493 584,764     565,271   19,493
Other comprehensive income (loss) (9,388)       (9,388)   (8,415)       (8,415)  
Dividends on common stock (341,893)     (341,893)     (341,600)     (341,600)    
Issuance of common stock (in shares)   380,230                    
Issuance of common stock 25,296 $ 25,296                    
Purchase of treasury stock (in shares) [1]     (121,493)                  
Purchase of treasury stock [1] (11,202)   $ (11,202)                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     76,082                  
Reissuance of treasury stock for stock-based compensation and other 6,600   $ 6,600                  
Capital activities by noncontrolling interests $ (22,743)         (22,743) (22,743)         (22,743)
Ending balance (in shares) at Dec. 31, 2019 112,540,126 112,540,126 103,546         71,264,947        
Ending balance at Dec. 31, 2019 $ 5,553,188 $ 2,659,561 $ (9,427) 2,837,610 (57,096) 122,540 5,998,803 $ 178,162 2,721,696 3,011,927 (35,522) 122,540
Increase (Decrease) in Shareholders' Equity                        
Net income 570,052     550,559   19,493 587,521     568,028   19,493
Other comprehensive income (loss) (5,700)       (5,700)   (5,396)       (5,396)  
Dividends on common stock (363,063)     (363,063)     (363,000)     (363,000)    
Issuance of common stock (in shares)   219,925                    
Issuance of common stock 17,921 $ 17,921                    
Purchase of treasury stock (in shares) [1]     (81,256)                  
Purchase of treasury stock [1] (7,181)   $ (7,181)                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     112,796                  
Reissuance of treasury stock for stock-based compensation and other 10,319   $ 10,319                  
Equity infusion from Pinnacle West             150,000   150,000      
Capital activities by noncontrolling interests $ (22,743)         (22,743) (22,743)         (22,743)
Ending balance (in shares) at Dec. 31, 2020 112,760,051 112,760,051 72,006         71,264,947        
Ending balance at Dec. 31, 2020 $ 5,752,793 $ 2,677,482 $ (6,289) $ 3,025,106 $ (62,796) $ 119,290 $ 6,345,185 $ 178,162 $ 2,871,696 $ 3,216,955 $ (40,918) $ 119,290
[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.