Changes in Equity (APSC) (Tables)

3 Months Ended

Mar. 31, 2014

Changes in equity

Schedule of changes in shareholder equity and changes in equity of noncontrolling interests

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, 2014 and 2013 (dollars in thousands):

	Three Months Ended March 31, 2014						Three Months Ended March 31, 2013
	Common Shareholders		Noncontrolling Interests		Total		Common Shareholders			Noncontrolling Interests		Total
Beginning balance, January 1	$	4,194,470	$	145,990	$	4,340,460	$	3,972,806		$	129,483	$	4,102,289
Net income	15,766		8,925		24,691		24,444			8,392		32,836
Other comprehensive income	3,151		—		3,151		6,077			—		6,077
Total comprehensive income	18,917		8,925		27,842		30,521			8,392		38,913
Issuance of capital stock	2,592		—		2,592		2,574			—		2,574
Reissuance (purchase) of treasury stock — net	3,465		—		3,465		(6,271		)	—		(6,271		)
Other (primarily stock compensation)	3,342		—		3,342		14,825			—		14,825
Ending balance, March 31	$	4,222,786	$	154,915	$	4,377,701	$	4,014,455		$	137,875	$	4,152,330

ARIZONA PUBLIC SERVICE COMPANY

Changes in equity

Schedule of changes in shareholder equity and changes in equity of noncontrolling interests

The following tables show APS’s changes in shareholder equity and changes in equity of noncontrolling interests for the three months ended March 31, 2014 and 2013 (dollars in thousands):

	Three Months Ended March 31, 2014								Three Months Ended March 31, 2013
	Shareholder Equity			Noncontrolling Interests		Total			Shareholder Equity			Noncontrolling Interests		Total
Beginning balance, January 1	$	4,308,884		$	145,990	$	4,454,874		$	4,093,000		$	129,483	$	4,222,483
Net income	19,518			8,925		28,443			26,042			8,392		34,434
OCI	3,261			—		3,261			5,992			—		5,992
Total comprehensive income	22,779			8,925		31,704			32,034			8,392		40,426
Other	(2		)	—		(2		)	(2		)	—		(2		)
Ending balance, March 31	$	4,331,661		$	154,915	$	4,486,576		$	4,125,032		$	137,875	$	4,262,907