ARIZONA PUBLIC SERVICE COMPANY - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,009	$ 21,262
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including nuclear fuel	208,772	203,639
Deferred fuel and purchased power	(90,305)	(6,110)
Deferred fuel and purchased power amortization	80,904	39,442
Allowance for equity funds used during construction	(15,061)	(9,747)
Deferred income taxes	(5,150)	3,835
Deferred investment tax credit	3,749	(319)
Changes in current assets and liabilities:
Customer and other receivables	2,831	66,146
Accrued unbilled revenues	21,488	1,215
Materials, supplies and fossil fuel	(14,392)	(11,892)
Income tax receivable	2,387	542
Other current assets	(8,110)	13,347
Accounts payable	(69,576)	(13,873)
Accrued taxes	50,044	53,847
Other current liabilities	(84,239)	(40,211)
Change in margin and collateral accounts - assets	11	8,600
Change in other long-term assets	(58,036)	52,153
Change in operating lease assets	(8,920)	324
Change in other long-term liabilities	138,649	(47,883)
Change in operating lease liabilities	51,129	953
Net cash provided by operating activities	211,605	340,608
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(445,171)	(391,583)
Contributions in aid of construction	25,165	28,262
Allowance for borrowed funds used during construction	(12,722)	(4,422)
Proceeds from nuclear decommissioning trusts sales and other special use funds	226,626	361,754
Investment in nuclear decommissioning trusts and other special use funds	(227,196)	(361,809)
Other	(19,941)	(6,543)
Net cash used for investing activities	(453,239)	(374,341)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowing and (repayments) - net	156,830	(29,050)
Dividends paid on common stock	(96,078)	(94,265)
Net cash provided by financing activities	243,753	37,732
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,119	3,999
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	4,832	9,969
CASH AND CASH EQUIVALENTS AT END OF PERIOD	6,951	13,968
APS
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	14,966	28,505
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including nuclear fuel	208,750	203,617
Deferred fuel and purchased power	(90,305)	(6,110)
Deferred fuel and purchased power amortization	80,904	39,442
Allowance for equity funds used during construction	(15,061)	(9,747)
Deferred income taxes	(1,693)	(106)
Deferred investment tax credit	3,749	(319)
Changes in current assets and liabilities:
Customer and other receivables	9,347	65,736
Accrued unbilled revenues	21,488	1,215
Materials, supplies and fossil fuel	(14,392)	(11,892)
Income tax receivable	0	5,207
Other current assets	(11,050)	5,261
Accounts payable	(64,008)	(17,074)
Accrued taxes	55,194	57,718
Other current liabilities	(82,658)	(37,579)
Change in margin and collateral accounts - assets	11	8,600
Change in other long-term assets	(55,909)	53,827
Change in operating lease assets	(8,998)	254
Change in other long-term liabilities	138,094	(46,790)
Change in operating lease liabilities	51,212	1,027
Net cash provided by operating activities	239,641	340,792
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(439,647)	(386,873)
Contributions in aid of construction	25,165	28,262
Allowance for borrowed funds used during construction	(11,157)	(4,422)
Proceeds from nuclear decommissioning trusts sales and other special use funds	226,626	361,754
Investment in nuclear decommissioning trusts and other special use funds	(227,196)	(361,809)
Other	(926)	(258)
Net cash used for investing activities	(427,135)	(363,346)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowing and (repayments) - net	138,000	(28,700)
Equity infusion	150,000	150,000
Dividends paid on common stock	(97,900)	(96,000)
Net cash provided by financing activities	190,100	25,300
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,606	2,746
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	4,042	9,374
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 6,648	$ 12,120