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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 15,108 $ 4,832
Customer and other receivables 664,936 453,209
Accrued unbilled revenues 226,998 164,764
Allowance for doubtful accounts (Note 2) (20,648) (23,778)
Materials and supplies (at average cost) 443,852 410,481
Income tax receivable 0 14,086
Fossil fuel (at average cost) 49,977 40,155
Assets from risk management activities (Note 7) 11,376 87,835
Asset, Held-for-Sale, Not Part of Disposal Group, Current 31,706 0
Deferred fuel and purchased power regulatory asset (Note 4) 526,666 460,561
Other regulatory assets (Note 4) 103,653 78,318
Other current assets 108,314 60,091
Total current assets 2,161,938 1,750,554
INVESTMENTS AND OTHER ASSETS    
Nuclear decommissioning trusts (Notes 11 and 12) 1,120,463 1,073,410
Other special use funds (Notes 11 and 12) 368,159 347,231
Assets from risk management activities (Note 7) 3,171 44,394
Other assets 102,863 125,672
Total investments and other assets 1,594,656 1,590,707
PROPERTY, PLANT AND EQUIPMENT    
Plant in service and held for future use 23,939,969 22,452,146
Accumulated depreciation and amortization (8,319,351) (7,929,878)
Net 15,620,618 14,522,268
Construction work in progress 1,536,323 1,882,791
Palo Verde sale leaseback, net of accumulated depreciation (Note 6) 87,394 90,296
Intangible assets, net of accumulated amortization 249,480 258,880
Nuclear fuel, net of accumulated amortization 112,956 100,119
Total property, plant and equipment 17,606,771 16,854,354
DEFERRED DEBITS    
Regulatory assets (Note 4) 1,303,244 1,283,221
Operating lease right-of-use assets (Note 14) 1,307,643 801,688
Assets for pension and other postretirement benefits (Note 5) 407,065 396,599
Other 53,109 46,282
Total deferred debits 3,071,061 2,527,790
TOTAL ASSETS 24,434,426 22,723,405
CURRENT LIABILITIES    
Accounts payable 404,971 430,425
Accrued taxes 265,463 164,440
Accrued interest 76,192 61,217
Common dividends payable 0 97,895
Short-term borrowings (Note 3) 424,000 340,720
Current maturities of long-term debt (Note 3) 250,000 50,685
Customer deposits 40,557 41,769
Liabilities from risk management activities (Note 7) 42,732 37,697
Liabilities for asset retirements (Note 15) 16,445 12,232
Operating lease liabilities (Note 14) 90,578 105,210
Regulatory liabilities (Note 4) 226,989 271,575
Other current liabilities 130,415 148,276
Total current liabilities 1,968,342 1,762,141
LONG-TERM DEBT LESS CURRENT MATURITIES (Note 3) 8,164,372 7,741,286
DEFERRED CREDITS AND OTHER    
Deferred income taxes 2,408,218 2,384,421
Regulatory liabilities (Note 4) 1,919,281 2,061,776
Liabilities for asset retirements (Note 15) 878,735 785,530
Liabilities for pension benefits (Note 5) 110,472 116,286
Liabilities from risk management activities (Note 7) 13,012 4,749
Customer advances 520,180 422,103
Coal mine reclamation 182,816 179,255
Deferred investment tax credit 253,680 180,677
Unrecognized tax benefits 33,738 38,658
Operating lease liabilities (Note 14) 1,204,639 639,247
Other 288,736 247,400
Total deferred credits and other 7,813,507 7,060,102
COMMITMENTS AND CONTINGENCIES (Note 8)
EQUITY    
Common stock, no par value; authorized 150,000,000 shares, 113,414,167 and 113,247,189 issued at respective dates 2,744,501 2,724,740
Treasury stock at cost; 75,767 and 73,613 shares at respective dates (5,328) (5,005)
Total common stock 2,739,173 2,719,735
Retained earnings 3,665,946 3,360,347
Accumulated other comprehensive loss (Note 13) (30,434) (31,435)
Total shareholder equity 6,374,685 6,048,647
Noncontrolling interests (Note 6) 113,520 111,229
Total equity 6,488,205 6,159,876
TOTAL LIABILITIES AND EQUITY $ 24,434,426 $ 22,723,405