ARIZONA PUBLIC SERVICE COMPANY - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 35,114	$ (338)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including nuclear fuel	259,841	250,651
Allowance for equity funds used during construction	(14,782)	(13,249)
Deferred income taxes	3,245	795
Deferred investment tax credit	(1,090)	36
Changes in current assets and liabilities:
Customer and other receivables	79,215	93,800
Accrued unbilled revenues	(34,891)	134
Materials, supplies and fossil fuel	2,000	(2,770)
Deferred fuel and purchased power	(26,521)	(25,228)
Deferred fuel and purchased power amortization	120,157	84,789
Income tax receivable	(2,437)	0
Other current assets	(23,346)	(15,008)
Accounts payable	(79,111)	56,010
Accrued taxes	53,401	56,520
Other current liabilities	(41,432)	(41,391)
Change in long-term regulatory assets	2,611	17,614
Change in long-term regulatory liabilities	(58,507)	12,033
Change in other long-term assets	(17,201)	(45,413)
Change in operating lease assets	(5,826)	3,889
Change in other long-term liabilities	(27,917)	(40,427)
Change in operating lease liabilities	4,521	2,288
Net cash provided by operating activities	235,296	401,895
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(628,361)	(622,552)
Contributions in aid of construction	90,226	51,244
Allowance for borrowed funds used during construction	(9,863)	(10,102)
Proceeds from nuclear decommissioning trusts sales and other special use funds	512,234	485,814
Investment in nuclear decommissioning trusts and other special use funds	(513,001)	(486,385)
Other	(2,783)	(4,134)
Net cash used for investing activities	(551,548)	(586,115)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of long-term debt	594,840	0
Short-term borrowings and (repayments), net	(162,905)	301,747
Dividends paid on common stock	(108,462)	(104,934)
Net cash provided by financing activities	316,057	190,429
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(195)	6,209
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	6,604	3,838
CASH AND CASH EQUIVALENTS AT END OF PERIOD	6,409	10,047
APS
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	53,945	4,585
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including nuclear fuel	259,825	250,634
Allowance for equity funds used during construction	(14,782)	(13,249)
Deferred income taxes	4,405	(123)
Deferred investment tax credit	(1,090)	36
Changes in current assets and liabilities:
Customer and other receivables	92,762	94,051
Accrued unbilled revenues	(34,891)	134
Materials, supplies and fossil fuel	2,000	(2,770)
Deferred fuel and purchased power	(26,521)	(25,228)
Deferred fuel and purchased power amortization	120,157	84,789
Income tax receivable	0	5,421
Other current assets	(28,355)	(15,028)
Accounts payable	(78,702)	52,351
Accrued taxes	61,177	56,040
Other current liabilities	(73,911)	(61,892)
Change in long-term regulatory assets	2,611	17,614
Change in long-term regulatory liabilities	(58,507)	12,033
Change in other long-term assets	(11,333)	(30,585)
Change in operating lease assets	(5,859)	3,858
Change in other long-term liabilities	(13,882)	(26,322)
Change in operating lease liabilities	4,560	2,325
Net cash provided by operating activities	253,609	408,674
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(628,361)	(622,552)
Contributions in aid of construction	90,226	51,244
Allowance for borrowed funds used during construction	(9,863)	(10,102)
Proceeds from nuclear decommissioning trusts sales and other special use funds	512,234	460,538
Investment in nuclear decommissioning trusts and other special use funds	(512,804)	(461,109)
Other	1,122	(1,467)
Net cash used for investing activities	(547,446)	(583,448)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of long-term debt	594,840	0
Short-term borrowings and (repayments), net	(191,305)	286,700
Dividends paid on common stock	(110,000)	(107,200)
Net cash provided by financing activities	293,535	179,500
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(302)	4,726
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	4,143	3,815
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 3,841	$ 8,541