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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (APSC) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME (LOSS) $ (481) $ (9,674)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 118,487 123,298
Deferred fuel and purchased power 46,754 49,947
Deferred fuel and purchased power amortization (24,514) (31,238)
Allowance for equity funds used during construction (4,756) (5,395)
Deferred income taxes (1,989) (41,005)
Change in mark-to-market valuations 1,985 (284)
Changes in current assets and liabilities:    
Customer and other receivables 52,264 75,528
Accrued unbilled revenues 20,511 9,633
Materials, supplies and fossil fuel (13,753) 21,421
Other current assets (3,502) (636)
Accounts payable (39,355) (24,543)
Accrued taxes 37,398 52,944
Other current liabilities (39,804) (37,406)
Change in margin and collateral accounts - assets (1,853) 4,220
Change in margin and collateral accounts - liabilities (32,950) 35,478
Change in other long-term assets (21,469) (33,169)
Change in other long-term liabilities 22,362 35,418
Change in unrecognized tax benefits   18,959
Net cash flow provided by operating activities 115,335 243,496
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (240,973) (191,553)
Contributions in aid of construction 13,871 9,136
Allowance for borrowed funds used during construction (3,151) (3,576)
Proceeds from nuclear decommissioning trust sales 92,047 189,318
Investment in nuclear decommissioning trust (96,360) (194,241)
Other (533) (1,879)
Net cash flow used for investing activities (235,099) (192,795)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 319,081 175,000
Short-term borrowings - net 216,600 700
Repayment of long-term debt (375,727) (175,170)
Dividends paid on common stock (55,595) (55,300)
Net cash flow provided by (used for) financing activities 106,891 (46,696)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (12,873) 4,005
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 33,583 110,188
CASH AND CASH EQUIVALENTS AT END OF PERIOD 20,710 114,193
Cash paid during the period for:    
Income taxes, net of (refunds) (650)  
Interest, net of amounts capitalized 62,892 55,997
ARIZONA PUBLIC SERVICE COMPANY
   
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME (LOSS) 3,662 (6,611)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 118,463 123,256
Deferred fuel and purchased power 46,754 49,947
Deferred fuel and purchased power amortization (24,514) (31,238)
Allowance for equity funds used during construction (4,756) (5,395)
Deferred income taxes (2,044) (47,962)
Change in mark-to-market valuations 1,985 (284)
Changes in current assets and liabilities:    
Customer and other receivables 52,416 61,973
Accrued unbilled revenues 20,511 9,633
Materials, supplies and fossil fuel (13,753) 21,421
Other current assets (4,261) 248
Accounts payable (39,812) (18,168)
Accrued taxes 42,453 64,473
Other current liabilities (53,449) (37,601)
Change in margin and collateral accounts - assets (1,853) 4,220
Change in margin and collateral accounts - liabilities (32,950) 35,478
Change in other long-term assets (21,656) (32,129)
Change in other long-term liabilities 27,557 63,296
Net cash flow provided by operating activities 114,753 254,557
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (240,973) (191,596)
Contributions in aid of construction 13,871 9,136
Allowance for borrowed funds used during construction (3,151) (3,576)
Proceeds from nuclear decommissioning trust sales 92,047 189,318
Investment in nuclear decommissioning trust (96,360) (194,241)
Other (533) (1,879)
Net cash flow used for investing activities (235,099) (192,838)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 319,081  
Short-term borrowings - net 216,600  
Repayment of long-term debt (375,727) (170)
Dividends paid on common stock (57,400) (57,100)
Net cash flow provided by (used for) financing activities 102,554 (57,270)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (17,792) 4,449
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 19,873 99,937
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,081 104,386
Cash paid during the period for:    
Income taxes, net of (refunds) 0  
Interest, net of amounts capitalized $ 61,701 $ 53,636