Changes in Equity

6 Months Ended

Jun. 30, 2013

Changes in Equity

Changes in Equity

8. Changes in Equity

The following tables show Pinnacle West’s changes in shareholders’ equity and changes in equity of noncontrolling interests for the three and six months ended June 30, 2013 and 2012 (dollars in thousands):

	Three Months Ended June 30, 2013									Three Months Ended June 30, 2012
	Common Shareholders			Noncontrolling Interests			Total			Common Shareholders			Noncontrolling Interests			Total
Beginning balance, April 1	$	4,014,455		$	137,875		$	4,152,330		$	3,744,917		$	116,512		$	3,861,429
Net income	131,207			8,391			139,598			122,345			7,766			130,111
Other comprehensive income	3,474			—			3,474			17,459			—			17,459
Total comprehensive income	134,681			8,391			143,072			139,804			7,766			147,570
Issuance of capital stock	2,363			—			2,363			2,525			—			2,525
Reissuance of treasury stock — net	366			—			366			5,113			—			5,113
Other (primarily stock compensation)	185			—			185			631			—			631
Dividends on common stock	(119,885		)	—			(119,885		)	(114,955		)	—			(114,955		)
Net capital activities by noncontrolling interests	—			(9,196		)	(9,196		)	—			(2,976		)	(2,976		)
Ending balance, June 30	$	4,032,165		$	137,070		$	4,169,235		$	3,778,035		$	121,302		$	3,899,337

	Six Months Ended June 30, 2013									Six Months Ended June 30, 2012
	Common Shareholders			Noncontrolling Interests			Total			Common Shareholders			Noncontrolling Interests			Total
Beginning balance, January 1	$	3,972,806		$	129,483		$	4,102,289		$	3,821,850		$	108,736		$	3,930,586
Net income	155,651			16,783			172,434			114,088			15,542			129,630
Other comprehensive income	9,551			—			9,551			1,845			—			1,845
Total comprehensive income	165,202			16,783			181,985			115,933			15,542			131,475
Issuance of capital stock	4,937			—			4,937			5,225			—			5,225
Reissuance (purchase) of treasury stock - net	(5,905		)	—			(5,905		)	3,359			—			3,359
Other (primarily stock compensation)	15,010			—			15,010			3,981			—			3,981
Dividends on common stock	(119,885		)	—			(119,885		)	(172,313		)	—			(172,313		)
Net capital activities by noncontrolling interests	—			(9,196		)	(9,196		)	—			(2,976		)	(2,976		)
Ending balance, June 30	$	4,032,165		$	137,070		$	4,169,235		$	3,778,035		$	121,302		$	3,899,337