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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING REVENUES $ 692,714 $ 677,728
OPERATING EXPENSES    
Fuel and purchased power 197,110 212,395
Operations and maintenance 265,682 226,071
Depreciation and amortization 144,825 127,627
Taxes other than income taxes 53,600 43,836
Other expenses 163 388
Total 661,380 610,317
OPERATING INCOME 31,334 67,411
OTHER INCOME (DEDUCTIONS)    
Allowance for equity funds used during construction 14,079 9,482
Pension and other postretirement non-service credits - net 12,859 6,095
Other income (Note 9) 3,985 480
Other expense (Note 9) (3,229) (3,680)
Total 27,694 12,377
INTEREST EXPENSE    
Interest charges 58,954 51,864
Allowance for borrowed funds used during construction (6,755) (4,472)
Total 52,199 47,392
INCOME BEFORE INCOME TAXES 6,829 32,396
INCOME TAXES (1,265) 4,211
NET INCOME 8,094 28,185
Less: Net income attributable to noncontrolling interests (Note 6) 4,873 4,873
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 3,221 $ 23,312
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING    
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 112,017 111,728
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 112,493 112,195
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING    
Net income attributable to common shareholders - basic (in dollars per share) $ 0.03 $ 0.21
Net income attributable to common shareholders - diluted (in dollars per share) $ 0.03 $ 0.21
APS    
OPERATING REVENUES $ 692,006 $ 677,589
OPERATING EXPENSES    
Fuel and purchased power 202,010 217,104
Operations and maintenance 254,601 219,008
Depreciation and amortization 144,112 127,208
Taxes other than income taxes 53,242 43,564
Taxes other than income taxes 163 436
Total 654,128 607,320
OPERATING INCOME 37,878 70,269
OTHER INCOME (DEDUCTIONS)    
Allowance for equity funds used during construction 14,079 9,482
Pension and other postretirement non-service credits - net 13,197 6,042
Other income (Note 9) 3,772 342
Other expense (Note 9) (2,945) (3,128)
Total 28,103 12,738
INTEREST EXPENSE    
Interest charges 56,158 50,796
Allowance for borrowed funds used during construction (6,755) (4,472)
Total 49,403 46,324
INCOME BEFORE INCOME TAXES 16,578 36,683
INCOME TAXES 2,106 8,648
NET INCOME 14,472 28,035
Less: Net income attributable to noncontrolling interests (Note 6) 4,873 4,873
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 9,599 $ 23,162