XML 37 R62.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (APSC) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 32,836 $ (481)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 124,344 118,487
Deferred fuel and purchased power 31,194 46,754
Deferred fuel and purchased power amortization 1,122 (24,514)
Allowance for equity funds used during construction (6,864) (4,756)
Deferred income taxes 12,163 (1,989)
Change in derivative instruments fair value 333 1,985
Changes in current assets and liabilities:    
Customer and other receivables 3,931 52,264
Accrued unbilled revenues 4,698 20,511
Materials, supplies and fossil fuel (9,386) (13,753)
Other current assets (2,525) (3,502)
Accounts payable 11,925 (39,355)
Accrued taxes and income taxes receivable - net 39,182 37,398
Other current liabilities (62,636) (39,804)
Change in margin and collateral accounts - assets 933 (1,853)
Change in margin and collateral accounts - liabilities 24,205 (32,950)
Change in other long-term assets (31,202) (21,469)
Change in other long-term liabilities 37,904 22,362
Net cash flow provided by operating activities 212,157 115,335
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (182,859) (240,973)
Contributions in aid of construction 14,912 13,871
Allowance for borrowed funds used during construction (3,990) (3,151)
Proceeds from nuclear decommissioning trust sales 135,240 92,047
Investment in nuclear decommissioning trust (139,553) (96,360)
Other (470) (533)
Net cash flow used for investing activities (176,720) (235,099)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 104,307 319,081
Short-term borrowings - net (92,175) 216,600
Repayment of long-term debt   (375,727)
Dividends paid on common stock (58,067) (55,595)
Net cash flow provided by (used for) financing activities (36,530) 106,891
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,093) (12,873)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 26,202 33,583
CASH AND CASH EQUIVALENTS AT END OF PERIOD 25,109 20,710
Cash paid during the period for:    
Interest, net of amounts capitalized 49,038 62,892
Significant non-cash investing and financing activities:    
Accrued capital expenditures 6,575 13,622
ARIZONA PUBLIC SERVICE COMPANY
   
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) 34,434 3,662
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 124,320 118,463
Deferred fuel and purchased power 31,194 46,754
Deferred fuel and purchased power amortization 1,122 (24,514)
Allowance for equity funds used during construction (6,864) (4,756)
Deferred income taxes 12,756 (2,044)
Change in derivative instruments fair value 333 1,985
Changes in current assets and liabilities:    
Customer and other receivables 2,464 52,416
Accrued unbilled revenues 4,698 20,511
Materials, supplies and fossil fuel (9,386) (13,753)
Other current assets (2,526) (3,847)
Accounts payable 12,892 (39,812)
Accrued taxes and income taxes receivable - net 43,323 42,039
Other current liabilities (58,419) (53,449)
Change in margin and collateral accounts - assets 933 (1,853)
Change in margin and collateral accounts - liabilities 24,205 (32,950)
Change in other long-term assets (29,022) (21,656)
Change in other long-term liabilities 41,760 27,557
Net cash flow provided by operating activities 228,217 114,753
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (182,859) (240,973)
Contributions in aid of construction 14,912 13,871
Allowance for borrowed funds used during construction (3,990) (3,151)
Proceeds from nuclear decommissioning trust sales 135,240 92,047
Investment in nuclear decommissioning trust (139,553) (96,360)
Other (470) (533)
Net cash flow used for investing activities (176,720) (235,099)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 104,307 319,081
Short-term borrowings - net (92,175) 216,600
Repayment of long-term debt   (375,727)
Dividends paid on common stock (59,800) (57,400)
Net cash flow provided by (used for) financing activities (47,668) 102,554
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,829 (17,792)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 3,499 19,873
CASH AND CASH EQUIVALENTS AT END OF PERIOD 7,328 2,081
Cash paid during the period for:    
Interest, net of amounts capitalized 48,146 61,701
Significant non-cash investing and financing activities:    
Accrued capital expenditures $ 6,575 $ 13,622