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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING REVENUES $ 677,728 $ 677,167
OPERATING EXPENSES    
Fuel and purchased power 212,395 221,285
Operations and maintenance 219,976 243,195
Depreciation and amortization 127,627 119,476
Taxes other than income taxes 43,836 42,501
Other expenses 388 548
Total 604,222 627,005
OPERATING INCOME 73,506 50,162
OTHER INCOME (DEDUCTIONS)    
Allowance for equity funds used during construction 9,482 10,516
Other income (Note 8) 480 117
Other expense (Note 8) (3,680) (4,038)
Total 6,282 6,595
INTEREST EXPENSE    
Interest charges 51,864 50,744
Allowance for borrowed funds used during construction (4,472) (5,227)
Total 47,392 45,517
INCOME BEFORE INCOME TAXES 32,396 11,240
INCOME TAXES 4,211 1,914
NET INCOME 28,185 9,326
Less: Net income attributable to noncontrolling interests (Note 5) 4,873 4,873
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 23,312 $ 4,453
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING    
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 111,728 111,296
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 112,195 111,847
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING    
Net income attributable to common shareholders - basic (in dollars per share) $ 0.21 $ 0.04
Net income attributable to common shareholders - diluted (in dollars per share) $ 0.21 $ 0.04
APS    
ELECTRIC OPERATING REVENUES $ 676,869 $ 676,632
OPERATING EXPENSES    
Fuel and purchased power 217,104 221,285
Operations and maintenance 212,218 238,711
Depreciation and amortization 127,208 119,446
Income taxes 11,373 5,850
Taxes other than income taxes 43,498 42,410
Total 611,401 627,702
OPERATING INCOME 65,468 48,930
OTHER INCOME (DEDUCTIONS)    
Income taxes 2,725 1,815
Allowance for equity funds used during construction 9,482 10,516
Other income (Note 8) 1,062 610
Other expense (Note 8) (4,378) (4,750)
Total 8,891 8,191
INTEREST EXPENSE    
Interest on long-term debt 47,491 46,819
Interest on short-term borrowings 2,128 2,077
Debt discount, premium and expense 1,177 1,139
Allowance for borrowed funds used during construction (4,472) (5,040)
Total 46,324 44,995
NET INCOME 28,035 12,126
Less: Net income attributable to noncontrolling interests (Note 5) 4,873 4,873
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 23,162 $ 7,253