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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (APSC) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 346,950$ 357,708
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization including nuclear fuel370,107350,762
Deferred fuel and purchased power30,96550,020
Deferred fuel and purchased power amortization(121,018)(95,926)
Allowance for equity funds used during construction(18,697)(16,417)
Deferred income taxes131,582281,486
Change in mark-to-market valuations1,8613,716
Changes in current assets and liabilities:  
Customer and other receivables(47,410)(103,973)
Accrued unbilled revenues(80,877)(69,035)
Materials, supplies and fossil fuel(25,532)19,011
Other current assets(1,581)(6,027)
Accounts payable29,34036,687
Other current liabilities30,3006,738
Change in margin and collateral accounts - assets33,591(4,336)
Change in margin and collateral accounts - liabilities85,785(143,725)
Change in unrecognized tax benefits12,123(72,649)
Change in other long-term assets(10,678)(59,382)
Change in other long-term liabilities74,56517,636
Net cash flow provided by operating activities920,506569,500
CASH FLOWS FROM INVESTING ACTIVITIES  
Capital expenditures(643,261)(552,707)
Contributions in aid of construction36,35125,258
Allowance for borrowed funds used during construction(14,371)(12,553)
Proceeds from sale of life insurance policies55,444 
Proceeds from nuclear decommissioning trust sales405,637424,255
Investment in nuclear decommissioning trust(417,957)(442,567)
Other(2,346)9,621
Net cash flow used for investing activities(534,292)(377,219)
CASH FLOWS FROM FINANCING ACTIVITIES  
Issuance of long-term debt470,353 
Repayment of long-term debt(228,457)(84,529)
Dividends paid on common stock(166,197)(161,722)
Noncontrolling interests(2,610)(3,286)
Net cash flow provided by financing activities68,310(141,744)
NET INCREASE IN CASH AND CASH EQUIVALENTS454,52450,537
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD110,188145,378
CASH AND CASH EQUIVALENTS AT END OF PERIOD564,712195,915
Cash paid during the period for:  
Income taxes, net of (refunds)5,676(22,165)
Interest, net of amounts capitalized163,250167,576
ARIZONA PUBLIC SERVICE COMPANY
  
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income342,051342,886
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization including nuclear fuel369,999349,267
Deferred fuel and purchased power30,96550,020
Deferred fuel and purchased power amortization(121,018)(95,926)
Allowance for equity funds used during construction(18,697)(16,417)
Deferred income taxes135,789218,575
Change in mark-to-market valuations1,8613,716
Changes in current assets and liabilities:  
Customer and other receivables(50,147)(93,394)
Accrued unbilled revenues(80,877)(69,035)
Materials, supplies and fossil fuel(25,532)19,011
Other current assets(3,836)(9,968)
Accounts payable42,25737,150
Accrued taxes86,03216,141
Other current liabilities18,9312,124
Change in margin and collateral accounts - assets33,591(4,336)
Change in margin and collateral accounts - liabilities85,785(143,725)
Change in unrecognized tax benefits12,839(72,217)
Change in other long-term assets(10,198)(60,775)
Change in other long-term liabilities83,30132,686
Net cash flow provided by operating activities933,096505,783
CASH FLOWS FROM INVESTING ACTIVITIES  
Capital expenditures(637,181)(552,331)
Contributions in aid of construction36,35125,258
Allowance for borrowed funds used during construction(14,371)(12,254)
Proceeds from sale of life insurance policies44,183 
Proceeds from nuclear decommissioning trust sales405,637424,255
Investment in nuclear decommissioning trust(417,957)(442,567)
Other(2,346)9,621
Net cash flow used for investing activities(585,684)(548,018)
CASH FLOWS FROM FINANCING ACTIVITIES  
Issuance of long-term debt295,353 
Repayment of long-term debt(13,457)(9,538)
Equity infusion 252,833
Dividends paid on common stock(171,600)(156,300)
Noncontrolling interests(2,610)(3,286)
Net cash flow provided by financing activities107,68683,709
NET INCREASE IN CASH AND CASH EQUIVALENTS455,09841,474
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD99,937120,798
CASH AND CASH EQUIVALENTS AT END OF PERIOD555,035162,272
Cash paid during the period for:  
Income taxes, net of (refunds)7,49376,364
Interest, net of amounts capitalized$ 158,011$ 157,385