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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
ARIZONA PUBLIC SERVICE COMPANY
ARIZONA PUBLIC SERVICE COMPANY
Common Stock
ARIZONA PUBLIC SERVICE COMPANY
Additional Paid-In Capital
ARIZONA PUBLIC SERVICE COMPANY
Retained Earnings
ARIZONA PUBLIC SERVICE COMPANY
Accumulated Other Comprehensive Income (Loss)
ARIZONA PUBLIC SERVICE COMPANY
Noncontrolling Interests
Beginning balance at Dec. 31, 2016 $ 4,935,912 $ 2,596,030 $ (4,133) $ 2,255,547 $ (43,822) $ 132,290 $ 5,037,970 $ 178,162 $ 2,421,696 $ 2,331,245 $ (25,423) $ 132,290
Beginning Balance (in shares) at Dec. 31, 2016   111,392,053 55,317         71,264,947        
Increase (Decrease) in Shareholders' Equity                        
Net income 507,949     488,456   19,493 523,802     504,309   19,493
Other comprehensive income (loss) (1,180)       (1,180)   (1,560)       (1,560)  
Dividends on common stock (301,492)     (301,492)     (301,600)     (301,600)    
Issuance of common stock 18,775 $ 18,775                    
Issuance of common stock (in shares)   424,117                    
Purchase of treasury stock [1] (17,755)   $ (17,755)                  
Purchase of treasury stock (in shares) [1]     (216,911)                  
Reissuance of treasury stock for stock-based compensation and other 16,264   $ 16,264                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     207,765                  
Equity infusion from Pinnacle West             150,000   150,000      
Capital activities by noncontrolling interests (22,743)         (22,743) (22,743)         (22,743)
Ending balance 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
Ending Balance (in shares) at Dec. 31, 2017   111,816,170 64,463         71,264,947        
Increase (Decrease) in Shareholders' Equity                        
Net income 530,540     511,047   19,493 589,758     570,265   19,493
Other comprehensive income (loss) 5,846       5,846   4,914       4,914  
Dividends on common stock (320,927)     (320,927)     (321,001)     (321,001)    
Issuance of common stock 19,460 $ 19,460                    
Issuance of common stock (in shares)   343,726                    
Purchase of treasury stock [1] (10,338)   $ (10,338)                  
Purchase of treasury stock (in shares) [1]     (129,903)                  
Reissuance of treasury stock for stock-based compensation and other 11,137   $ 11,137                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     136,231                  
Equity infusion from Pinnacle West             150,000   150,000      
Capital activities by noncontrolling interests (22,743)         (22,743) (22,743)         (22,743)
Reclassification of income tax effects related to new tax reform       8,552 [2] (8,552) [2]         5,038 [3] (5,038) [3]  
Ending balance 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
Ending Balance (in shares) at Dec. 31, 2018 112,159,896 112,159,896 58,135         71,264,947        
Increase (Decrease) in Shareholders' Equity                        
Net income $ 557,813     538,320   19,493 584,764     565,271   19,493
Other comprehensive income (loss) (9,388)       (9,388)   (8,415)       (8,415)  
Dividends on common stock (341,893)     (341,893)     (341,600)     (341,600)    
Issuance of common stock 25,296 $ 25,296                    
Issuance of common stock (in shares)   380,230                    
Purchase of treasury stock [1] (11,202)   $ (11,202)                  
Purchase of treasury stock (in shares) [1]     (121,493)                  
Reissuance of treasury stock for stock-based compensation and other 6,600   $ 6,600                  
Reissuance of treasury stock for stock-based compensation and other (in shares)     76,082                  
Capital activities by noncontrolling interests (22,743)         (22,743) (22,743)         (22,743)
Ending balance at Dec. 31, 2019 $ 5,553,188 $ 2,659,561 $ (9,427) $ 2,837,610 $ (57,096) $ 122,540 $ 5,998,803 $ 178,162 $ 2,721,696 $ 3,011,927 $ (35,522) $ 122,540
Ending Balance (in shares) at Dec. 31, 2019 112,540,126 112,540,126 103,546         71,264,947        
[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.