Detail of other income and other expense |
The following table provides detail of Pinnacle West's Consolidated other income and other expense for the three and six months ended June 30, 2019 and 2018 (dollars in thousands):
| | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2019 | | 2018 | | 2019 | | 2018 | Other income: | |
| | |
| | |
| | |
| Interest income | $ | 2,699 |
| | $ | 2,408 |
| | $ | 5,001 |
| | $ | 4,299 |
| Debt return on Four Corners SCR (Note 4) | 4,887 |
|
| 4,188 |
| | 9,731 |
| | 6,280 |
| Debt return on Ocotillo modernization project (Note 4) | 5,294 |
| | — |
| | 5,294 |
| | — |
| Miscellaneous | 5 |
| | 2 |
| | 28 |
| | 4 |
| Total other income | $ | 12,885 |
| | $ | 6,598 |
| | $ | 20,054 |
| | $ | 10,583 |
| Other expense: | |
| | |
| | |
| | |
| Non-operating costs | $ | (3,481 | ) | | $ | (3,278 | ) | | $ | (6,185 | ) | | $ | (4,924 | ) | Investment losses — net | (491 | ) | | (174 | ) | | (729 | ) | | (350 | ) | Miscellaneous | (378 | ) | | (319 | ) | | (1,794 | ) | | (1,726 | ) | Total other expense | $ | (4,350 | ) | | $ | (3,771 | ) | | $ | (8,708 | ) | | $ | (7,000 | ) |
The following table provides detail of APS’s other income and other expense for the three and six months ended June 30, 2019 and 2018 (dollars in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2019 | | 2018 | | 2019 | | 2018 | Other income: | |
| | |
| | |
| | |
| Interest income | $ | 1,504 |
| | $ | 2,046 |
| | $ | 3,054 |
| | $ | 3,724 |
| Debt return on Four Corners SCR (Note 4) | 4,887 |
|
| 4,188 |
| | 9,731 |
|
| 6,280 |
| Debt return on Ocotillo modernization project (Note 4) | 5,294 |
| | — |
| | 5,294 |
| | — |
| Miscellaneous | 6 |
| | 1 |
| | 28 |
| | 3 |
| Total other income | $ | 11,691 |
| | $ | 6,235 |
| | $ | 18,107 |
| | $ | 10,007 |
| Other expense: | |
| | |
| | |
| | |
| Non-operating costs | $ | (3,049 | ) | | $ | (3,057 | ) | | $ | (5,517 | ) | | $ | (4,596 | ) | Miscellaneous | (379 | ) | | (315 | ) | | (1,789 | ) | | (1,722 | ) | Total other expense | $ | (3,428 | ) | | $ | (3,372 | ) | | $ | (7,306 | ) | | $ | (6,318 | ) |
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