Changes in Equity

3 Months Ended

Mar. 31, 2012

Changes in Equity

Changes in Equity

9.Changes in Equity

The following tables show Pinnacle West’s changes in shareholders’ equity and changes in equity of noncontrolling interests for the three months ended March 31, 2012 and 2011 (dollars in thousands):

	Three Months Ended March 31, 2012								Three Months Ended March 31, 2011
	Common Shareholders			Noncontrolling Interests		Total			Common Shareholders			Noncontrolling Interests		Total
Beginning balance, January 1	$	3,821,850		$	108,736	$	3,930,586		$	3,683,327		$	91,899	$	3,775,226
Net income (loss)	(8,257		)	7,776		(481		)	(15,135		)	5,461		(9,674		)
OCI (loss)	(15,614		)	—		(15,614		)	10,446			—		10,446
Total comprehensive income (loss)	(23,871		)	7,776		(16,095		)	(4,689		)	5,461		772
Issuance of capital stock	2,700			—		2,700			2,689			—		2,689
Purchase of treasury stock, net of reissuances	(1,754		)	—		(1,754		)	(3,530		)	—		(3,530		)
Other (primarily stock compensation)	3,350			—		3,350			10,723			—		10,723
Dividends on common stock	(57,358		)	—		(57,358		)	(57,109		)	—		(57,109		)
Ending balance, March 31	$	3,744,917		$	116,512	$	3,861,429		$	3,631,411		$	97,360	$	3,728,771