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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
APS
APS
Common Stock
APS
Additional Paid-In Capital
APS
Retained Earnings
APS
Accumulated Other Comprehensive Income (Loss)
APS
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2017   111,816,170 64,463         71,264,947        
Balance at beginning of period at Dec. 31, 2017 $ 5,135,730 $ 2,614,805 $ (5,624) $ 2,442,511 $ (45,002) $ 129,040 $ 5,385,869 $ 178,162 $ 2,571,696 $ 2,533,954 $ (26,983) $ 129,040
Increase (Decrease) in Shareholders' Equity                        
Net Income 499,591     484,971   14,620 540,409     525,789   14,620
Other comprehensive income (loss) (1,520)       (1,520)   (1,735)       (1,735)  
Dividends on common stock (155,607)     (155,607)     (155,601)     (155,601)    
Issuance of common stock (in shares)   199,779                    
Issuance of common stock 14,822 $ 14,822                    
Purchase of treasury stock (in shares) [1]     (81,278)                  
Purchase of treasury stock [1] (6,285)   $ (6,285)                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     128,373                  
Reissuance of treasury stock for stock-based compensation and other 10,501   $ 10,500 1                
Capital activities by noncontrolling interests 11,372         11,372 11,372         11,372
Reclassification of income tax effects related to new tax reform (8,552)     8,552 [2] (8,552) [2]         5,038 [3] (5,038) [3]  
Other 1         1 1         1
Ending balance (in shares) at Sep. 30, 2018   112,015,949 17,368         71,264,947        
Balance at end of period at Sep. 30, 2018 5,485,861 $ 2,629,627 $ (1,409) 2,780,428 (55,074) 132,289 5,757,571 $ 178,162 2,571,696 2,909,180 (33,756) 132,289
Beginning balance (in shares) at Jun. 30, 2018   111,990,222 17,633         71,264,947        
Balance at beginning of period at Jun. 30, 2018 5,159,434 $ 2,624,672 $ (1,431) 2,465,402 (56,624) 127,415 5,412,930 $ 178,162 2,571,696 2,570,816 (35,159) 127,415
Increase (Decrease) in Shareholders' Equity                        
Net Income 319,885     315,012   4,873 343,239     338,366   4,873
Other comprehensive income (loss) 1,550       1,550   1,403       1,403  
Dividends on common stock 14     14                
Issuance of common stock (in shares)   25,727                    
Issuance of common stock 4,955 $ 4,955                    
Purchase of treasury stock (in shares) [4]     (101)                  
Purchase of treasury stock [4] (8)   $ (8)                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     366                  
Reissuance of treasury stock for stock-based compensation and other 30   $ 30 0                
Other 1         1 (1)     (2)   1
Ending balance (in shares) at Sep. 30, 2018   112,015,949 17,368         71,264,947        
Balance at end of period at Sep. 30, 2018 $ 5,485,861 $ 2,629,627 $ (1,409) 2,780,428 (55,074) 132,289 5,757,571 $ 178,162 2,571,696 2,909,180 (33,756) 132,289
Beginning balance (in shares) at Dec. 31, 2018 112,159,896 112,159,896 58,135         71,264,947        
Balance at beginning of period at Dec. 31, 2018 $ 5,348,705 $ 2,634,265 $ (4,825) 2,641,183 (47,708) 125,790 5,786,797 $ 178,162 2,721,696 2,788,256 (27,107) 125,790
Increase (Decrease) in Shareholders' Equity                        
Net Income 488,959     474,339   14,620 511,942     497,322   14,620
Other comprehensive income (loss) 1,170       1,170   804       804  
Dividends on common stock (165,631)     (165,631)     (165,600)     (165,600)    
Issuance of common stock (in shares)   243,855                    
Issuance of common stock 20,165 $ 20,165                    
Purchase of treasury stock (in shares) [1]     (75,894)                  
Purchase of treasury stock [1] (6,892)   $ (6,892)                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     76,082                  
Reissuance of treasury stock for stock-based compensation and other 6,600   $ 6,600 0                
Capital activities by noncontrolling interests 11,372         11,372 11,372         11,372
Other $ 1         1 0     (1)   1
Ending balance (in shares) at Sep. 30, 2019 112,403,751 112,403,751 57,947         71,264,947        
Balance at end of period at Sep. 30, 2019 $ 5,681,705 $ 2,654,430 $ (5,117) 2,949,891 (46,538) 129,039 6,122,571 $ 178,162 2,721,696 3,119,977 (26,303) 129,039
Beginning balance (in shares) at Jun. 30, 2019   112,361,595 58,219         71,264,947        
Balance at beginning of period at Jun. 30, 2019 5,357,243 $ 2,648,234 $ (5,140) 2,637,620 (47,636) 124,165 5,797,857 $ 178,162 2,721,696 2,801,110 (27,276) 124,165
Increase (Decrease) in Shareholders' Equity                        
Net Income 317,149     312,276   4,873 323,743     318,870   4,873
Other comprehensive income (loss) 1,098       1,098   973       973  
Dividends on common stock (5)     (5)                
Issuance of common stock (in shares)   42,156                    
Issuance of common stock 6,196 $ 6,196                    
Purchase of treasury stock (in shares) [4]     (103)                  
Purchase of treasury stock [4] (10)   $ (10)                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     375                  
Reissuance of treasury stock for stock-based compensation and other 33   $ 33 0                
Other $ 1         1 (2)     (3)   1
Ending balance (in shares) at Sep. 30, 2019 112,403,751 112,403,751 57,947         71,264,947        
Balance at end of period at Sep. 30, 2019 $ 5,681,705 $ 2,654,430 $ (5,117) $ 2,949,891 $ (46,538) $ 129,039 $ 6,122,571 $ 178,162 $ 2,721,696 $ 3,119,977 $ (26,303) $ 129,039
[1]
Primarily represents shares of common stock withheld from certain stock awards for tax purposes.
[2]
In 2018, the Company adopted new accounting guidance and elected to reclassify income tax effects of the Tax Cuts and Jobs Act of 2017 (the “Tax Act”) on items within accumulated other comprehensive income to retained earnings.
[3]
In 2018, the Company adopted new accounting guidance and elected to reclassify income tax effects of the Tax Act on items within accumulated other comprehensive income to retained earnings.
[4]
Primarily represents shares of common stock withheld from certain stock awards for tax purposes.