Changes in Equity (Tables)

6 Months Ended

Jun. 30, 2014

Changes in Equity

Schedule of 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 six months ended June 30, 2014 and 2013 (dollars in thousands):

	Three Months Ended June 30, 2014									Three Months Ended June 30, 2013
	Common Shareholders			Noncontrolling Interests			Total			Common Shareholders			Noncontrolling Interests			Total
Beginning balance, April 1	$	4,222,786		$	154,915		$	4,377,701		$	4,014,455		$	137,875		$	4,152,330
Net income	132,458			8,926			141,384			131,207			8,391			139,598
Other comprehensive income	685			—			685			3,474			—			3,474
Total comprehensive income	133,143			8,926			142,069			134,681			8,391			143,072
Issuance of capital stock	2,280			—			2,280			2,363			—			2,363
Reissuance of treasury stock — net	654			—			654			366			—			366
Other (primarily stock compensation)	292			—			292			185			—			185
Dividends on common stock	(125,265		)	—			(125,265		)	(119,885		)	—			(119,885		)
Net capital activities by noncontrolling interests	—			(15,869		)	(15,869		)	—			(9,196		)	(9,196		)
Ending balance, June 30	$	4,233,890		$	147,972		$	4,381,862		$	4,032,165		$	137,070		$	4,169,235

	Six Months Ended June 30, 2014									Six Months Ended June 30, 2013
	Common Shareholders			Noncontrolling Interests			Total			Common Shareholders			Noncontrolling Interests			Total
Beginning balance, January 1	$	4,194,470		$	145,990		$	4,340,460		$	3,972,806		$	129,483		$	4,102,289
Net income	148,224			17,851			166,075			155,651			16,783			172,434
Other comprehensive income	3,836			—			3,836			9,551			—			9,551
Total comprehensive income	152,060			17,851			169,911			165,202			16,783			181,985
Issuance of capital stock	4,872			—			4,872			4,937			—			4,937
Reissuance (purchase) of treasury stock — net	4,119			—			4,119			(5,905		)	—			(5,905		)
Other (primarily stock compensation)	3,634			—			3,634			15,010			—			15,010
Dividends on common stock	(125,265		)	—			(125,265		)	(119,885		)	—			(119,885		)
Net capital activities by noncontrolling interests	—			(15,869		)	(15,869		)	—			(9,196		)	(9,196		)
Ending balance, June 30	$	4,233,890		$	147,972		$	4,381,862		$	4,032,165		$	137,070		$	4,169,235