XML 39 R63.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (APSC) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 407,152 $ 382,493
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 377,971 360,570
Deferred fuel and purchased power 13,093 51,533
Deferred fuel and purchased power amortization 23,158 (91,894)
Allowance for equity funds used during construction (18,698) (15,639)
Deferred income taxes 256,132 197,527
Deferred investment tax credit 16,164 8,974
Change in derivative instruments fair value 537 (943)
Changes in current assets and liabilities:    
Customer and other receivables (178,029) (76,697)
Accrued unbilled revenues (37,710) (11,186)
Materials, supplies and fossil fuel (8,914) (23,873)
Income tax receivable (131,128) 6,466
Other current assets (12,246) (10,035)
Accounts payable 44,704 (69,776)
Accrued taxes 58,919 69,899
Other current liabilities 4,096 17,071
Change in margin and collateral accounts - assets (327) 1,980
Change in margin and collateral accounts - liabilities 15,000 114,579
Change in unrecognized tax benefits (57,585) (3,554)
Change in long-term income tax receivable 137,270 (1,320)
Change in other long-term assets (24,345) (13,885)
Change in other long-term liabilities (2,884) 37,181
Net cash flow provided by operating activities 882,330 929,471
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (581,515) (670,684)
Contributions in aid of construction 34,910 41,451
Allowance for borrowed funds used during construction (10,861) (10,428)
Proceeds from nuclear decommissioning trust sales 363,944 295,126
Investment in nuclear decommissioning trust (376,881) (308,063)
Other (1,553) (520)
Net cash flow used for investing activities (571,956) (653,118)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 136,307 351,081
Short-term borrowings - net (92,175)  
Repayment of long-term debt (72,777) (421,703)
Dividends paid on common stock (174,485) (167,074)
Noncontrolling interests (9,197) (2,630)
Net cash flow used for financing activities (201,119) (230,457)
NET INCREASE IN CASH AND CASH EQUIVALENTS 109,255 45,896
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 26,202 33,583
CASH AND CASH EQUIVALENTS AT END OF PERIOD 135,457 79,479
Cash paid during the period for:    
Income taxes paid 3,412 (651)
Interest, net of amounts capitalized 141,047 152,582
Significant non-cash investing and financing activities:    
Accrued capital expenditures 11,377 11,281
ARIZONA PUBLIC SERVICE COMPANY
   
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 420,283 392,227
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 377,899 360,499
Deferred fuel and purchased power 13,093 51,533
Deferred fuel and purchased power amortization 23,158 (91,894)
Allowance for equity funds used during construction (18,698) (15,639)
Deferred income taxes 256,253 222,251
Deferred investment tax credit 16,164 8,974
Change in derivative instruments fair value 537 (943)
Changes in current assets and liabilities:    
Customer and other receivables (179,494) (79,152)
Accrued unbilled revenues (37,710) (11,186)
Materials, supplies and fossil fuel (8,914) (23,873)
Income tax receivable (125,509) (775)
Other current assets (11,449) (10,446)
Accounts payable 43,886 (72,802)
Accrued taxes 61,649 62,834
Other current liabilities 1,073 112
Change in margin and collateral accounts - assets (327) 1,980
Change in margin and collateral accounts - liabilities 15,000 114,579
Change in unrecognized tax benefits (57,585) (3,554)
Change in long-term income tax receivable 137,665 (1,320)
Change in other long-term assets (28,686) (17,185)
Change in other long-term liabilities 691 36,451
Net cash flow provided by operating activities 898,979 922,671
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (581,515) (670,684)
Contributions in aid of construction 34,910 41,451
Allowance for borrowed funds used during construction (10,861) (10,428)
Proceeds from nuclear decommissioning trust sales 363,944 295,126
Investment in nuclear decommissioning trust (376,881) (308,063)
Other (1,561) (520)
Net cash flow used for investing activities (571,964) (653,118)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 136,307 351,081
Short-term borrowings - net (92,175)  
Repayment of long-term debt (72,777) (421,703)
Dividends paid on common stock (179,600) (162,400)
Noncontrolling interests (9,197) (2,630)
Net cash flow used for financing activities (217,442) (235,652)
NET INCREASE IN CASH AND CASH EQUIVALENTS 109,573 33,901
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 3,499 19,873
CASH AND CASH EQUIVALENTS AT END OF PERIOD 113,072 53,774
Cash paid during the period for:    
Income taxes paid 3,412  
Interest, net of amounts capitalized 138,626 149,338
Significant non-cash investing and financing activities:    
Accrued capital expenditures $ 11,377 $ 11,281