-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, Lo9Pyi8suA+tc+pcb+LWcTaIUhH98soUWj+jMtZA66AGQKh/95SDgOZTb8ClRk+4 BZTOiq9lmT4M9lzHxe1wyg== 0000950147-94-000108.txt : 19941024 0000950147-94-000108.hdr.sgml : 19941024 ACCESSION NUMBER: 0000950147-94-000108 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19941019 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19941021 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARIZONA PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000007286 STANDARD INDUSTRIAL CLASSIFICATION: 4931 IRS NUMBER: 860011170 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04473 FILM NUMBER: 94554491 BUSINESS ADDRESS: STREET 1: 400 N FIFTH ST STREET 2: 18TH FLOOR MAIL STATION 9820 CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 6022501000 8-K 1 CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) October 19, 1994 ARIZONA PUBLIC SERVICE COMPANY (Exact name of registrant as specified in its charter) Arizona 1-4473 86-0011170 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number) 400 North Fifth Street, P.O. Box 53999, Phoenix, Az 85004 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code (602)250-1000 NONE (Former name or former address, if changed since last report) ITEM 7. Financial Statement, Pro Forma Financial Information and Exhibits (c) Exhibits The Registrant hereby files the following Exhibit to its Registration Statements on Form S-3 (Nos. 33-61228 and 33-55473), which were declared effective on April 26, 1993 and October 3, 1994, respectively. Exhibit No. Description - ------- ----------- 12.2 Computation of Ratio of Earnings to Fixed Charges. SIGNATURES Pursuant to the requirements of the Securities Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARIZONA PUBLIC SERVICE COMPANY (Registrant) Dated: October 21, 1994 By Nancy E. Newquist ----------------- Nancy E. Newquist Treasurer EX-12.2 2 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.2 - ------------------------------------------------------------------------------ ARIZONA PUBLIC SERVICE COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (THOUSANDS OF DOLLARS)
Twelve Months Ended ----------------------------------------------------------------------------------------------------------- September 30, December 31, ----------------- ---------------------------------------------------------------------------------------- 1991 1994 1993 1992 1991 Adjusted 1990 1989 ----------------- ------------ ------------ -------------- ---------------- ------------ ------------ Earnings: Net Income....... $ 259,531 $ 250,386 $ 246,805 $ (222,649) $ 184,380 $ 180,012 $ 212,354 Income taxes (1). 187,372 188,907 181,355 (94,750) 128,801 126,831 145,678 Fixed Charges.... 214,131 220,590 246,246 281,959 281,959 292,117 276,429 --------------- ------------ ------------ -------------- -------------- ------------ ------------ Total........ $ 661,034 $ 659,883 $ 674,406 $ (35,440) $ 595,140 $ 598,960 $ 634,461 =============== ============ ============ ============== ============== ============ ============ Fixed Charges: Interest expense. $ 166,474 $ 171,272 $ 190,746 $ 227,624 $ 227,624 $ 239,992 $ 224,243 Amortization of debt discount, premium and expense........ 9,160 9,203 8,000 5,995 5,995 5,302 5,967 Estimated interest portion of annual rentals (2)............ 38,497 40,115 47,500 48,340 48,340 46,823 46,219 --------------- ------------ ------------ -------------- -------------- ------------ ------------ Total........ $ 214,131 $ 220,590 $ 246,246 $ 281,959 $ 281,959 $ 292,117 $ 276,429 =============== ============ ============ ============== ============== ============ ============ Ratio of Earnings to Fixed Charges (rounded down)... 3.08 2.99 2.73 -0.13 2.11 2.05 2.29 =============== ============ ============ ============== ============== ============ ============ (1) Income Taxes: Charged to operations..... $ 170,681 $ 168,056 $ 164,620 $ 96,273 $ 117,408 $ 106,044 $ 122,674 Charged (credited) to other accounts. 16,691 20,851 16,735 (191,023) 11,393 20,787 23,004 --------------- ------------ ------------ -------------- -------------- ------------ ------------ Total........ $ 187,372 $ 188,907 $ 181,355 $ (94,750) $ 128,801 $ 126,831 $ 145,678 =============== ============ ============ ============== ============== ============ ============ (2) Estimated interest portion of Unit 2 lease payments included in estimated interest portion of annual rentals $ 35,692 $ 37,407 $ 43,581 $ 43,625 $ 43,625 $ 43,666 $ 43,703 =============== ============ ============ ============== ============== ============ ============ - ---------- The write-off resulting from the Arizona Corporation Commission order settling the Company's rate case resulted in a negative coverage ratio and an earnings coverage deficiency of approximately $317 million at December 31, 1991. Excluding the effects of the write-off, the coverage ratio would have been 2.11 for the same period.
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