Changes in Equity (Tables)

9 Months Ended

Sep. 30, 2012

Changes in Equity

Changes in shareholders' equity and changes in equity of noncontrolling interests

The following tables show Pinnacle West’s changes in shareholders’ equity and changes in equity of noncontrolling interests for the three and nine months ended September 30, 2012 and 2011 (dollars in thousands):

	Three Months Ended September 30, 2012								Three Months Ended September 30, 2011
	Common Shareholders			Noncontrolling Interests		Total			Common Shareholders			Noncontrolling Interests			Total
Beginning balance, July 1	$	3,778,035		$	121,302	$	3,899,337		$	3,613,705		$	101,905		$	3,715,610
Net income	244,823			8,040		252,863			255,359			7,426			262,785
Other comprehensive income	30,843			—		30,843			21,131			—			21,131
Total comprehensive income	275,666			8,040		283,706			276,490			7,426			283,916
Issuance of capital stock	2,365			—		2,365			3,789			—			3,789
Reissuance (purchase) of treasury stock - net	(82		)	—		(82		)	537			—			537
Other (primarily stock compensation)	258			—		258			(436		)	—			(436		)
Net capital activities by noncontrolling interests	—			—		—			—			(421		)	(421		)
Ending balance, September 30	$	4,056,242		$	129,342	$	4,185,584		$	3,894,085		$	108,910		$	4,002,995

	Nine Months Ended September 30, 2012									Nine Months Ended September 30, 2011
	Common Shareholders			Noncontrolling Interests			Total			Common Shareholders			Noncontrolling Interests			Total
Beginning balance, January 1	$	3,821,850		$	108,736		$	3,930,586		$	3,683,327		$	91,899		$	3,775,226
Net income	358,911			23,582			382,493			326,909			20,041			346,950
Other comprehensive income	32,688			—			32,688			38,224			—			38,224
Total comprehensive income	391,599			23,582			415,181			365,133			20,041			385,174
Issuance of capital stock	7,590			—			7,590			20,854			—			20,854
Reissuance (purchase) of treasury stock - net	3,277			—			3,277			(2,993		)	—			(2,993		)
Other (primarily stock compensation)	4,270			—			4,270			(606		)	—			(606		)
Dividends on common stock	(172,344		)	—			(172,344		)	(171,630		)	—			(171,630		)
Net capital activities by noncontrolling interests	—			(2,976		)	(2,976		)	—			(3,030		)	(3,030		)
Ending balance, September 30	$	4,056,242		$	129,342		$	4,185,584		$	3,894,085		$	108,910		$	4,002,995