XML 1129 R95.htm IDEA: XBRL DOCUMENT v2.4.0.6
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details 3) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities      
Net Income $ 413,164 $ 366,940 $ 370,209
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 481,262 493,784 472,807
Deferred income taxes 228,602 176,192 260,411
Customer and other receivables 14,587 40,626 (67,943)
Accounts payable (96,600) 58,346 9,125
Net cash flow provided by operating activities 1,171,122 1,125,583 750,457
Cash flows from investing activities      
Proceeds from sale of energy-related products and services business   45,111  
Net cash flow used for investing activities (872,994) (782,007) (575,900)
Cash flows from financing activities      
Issuance of long-term debt 476,081 470,353  
Short-term borrowings and payments - net 92,175 (16,600) (137,115)
Dividends paid on common stock (225,075) (221,728) (216,979)
Repayment of long-term debt (654,286) (655,169) (106,572)
Common stock equity issuance 15,955 15,841 255,971
Other 170 (2,668) 6,351
Net cash flow used for financing activities (305,509) (420,181) (209,747)
NET DECREASE IN CASH AND CASH EQUIVALENTS (7,381) (76,605) (35,190)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 33,583 110,188 145,378
CASH AND CASH EQUIVALENTS AT END OF YEAR 26,202 33,583 110,188
Pinnacle West
     
Cash flows from operating activities      
Net Income 381,542 339,473 350,053
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in earnings (losses) of subsidiaries (391,528) (335,859) (358,527)
Depreciation and amortization 94 97 143
Gain on sale of energy-related business   (10,404)  
Deferred income taxes (15,135) 7,387 40,342
Customer and other receivables 28,763 (24,201) (18,175)
Accounts payable 879 (2,677) 7,468
Accrued taxes and income tax receivable - net (3,103) 7,512 59,640
Dividends received from subsidiaries 222,200 228,900 207,000
Other (4,589) 19,270 423
Net cash flow provided by operating activities 219,123 229,498 288,367
Cash flows from investing activities      
Investments in subsidiaries     (183,544)
Repayments of loans from subsidiaries 996 61,143 98,406
Proceeds from sale of energy-related products and services business   45,111  
Advances of loans to subsidiaries (1,200) (64,970) (119,293)
Proceeds from sale of life insurance policies   9,357  
Net cash flow used for investing activities (204) 50,641 (204,431)
Cash flows from financing activities      
Issuance of long-term debt 125,000 175,000  
Short-term borrowings and payments - net   (16,600) (132,487)
Dividends paid on common stock (225,075) (221,728) (216,979)
Repayment of long-term debt (125,000) (225,000)  
Common stock equity issuance 15,955 15,841 255,971
Other 170 (2,667)  
Net cash flow used for financing activities (208,950) (275,154) (93,495)
NET DECREASE IN CASH AND CASH EQUIVALENTS 9,969 4,985 (9,559)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 12,710 7,725 17,284
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 22,679 $ 12,710 $ 7,725