ARIZONA PUBLIC SERVICE COMPANY - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 111,978	$ 189,880
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including nuclear fuel	416,652	405,127
Deferred fuel and purchased power	(191,304)	(98,707)
Deferred fuel and purchased power amortization	218,586	96,842
Allowance for equity funds used during construction	(28,095)	(21,833)
Deferred income taxes	(35,808)	22,169
Deferred investment tax credit	42,601	(2,538)
Changes in current assets and liabilities:
Customer and other receivables	(24,748)	(31,146)
Accrued unbilled revenues	(51,976)	(100,543)
Materials, supplies and fossil fuel	(42,156)	(34,315)
Income tax receivable	9,847	7,514
Other current assets	(35,609)	5,195
Accounts payable	(2,051)	104,849
Accrued taxes	(644)	13,282
Other current liabilities	(62,354)	(7,316)
Change in margin and collateral accounts - assets	28	40,430
Change in other long-term assets	(104,581)	174,013
Change in operating lease assets	17,998	29,759
Change in other long-term liabilities	162,181	(184,626)
Change in operating lease liabilities	30,082	(27,622)
Net cash provided by operating activities	437,613	588,286
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(918,195)	(843,219)
Contributions in aid of construction	60,118	68,879
Allowance for borrowed funds used during construction	(25,039)	(10,111)
Proceeds from nuclear decommissioning trusts sales and other special use funds	567,528	692,186
Investment in nuclear decommissioning trusts and other special use funds	(568,668)	(692,811)
Other	485	(9,174)
Net cash used for investing activities	(883,771)	(794,250)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of long-term debt	689,247	325,802
Short-term borrowing and (repayments) - net	(35,370)	249,000
Dividends paid on common stock	(192,235)	(188,542)
Distributions to noncontrolling interests	(10,627)	(10,628)
Net cash provided by financing activities	448,984	225,184
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,826	19,220
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	4,832	9,969
CASH AND CASH EQUIVALENTS AT END OF PERIOD	7,658	29,189
APS
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	138,212	202,781
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including nuclear fuel	416,609	405,085
Deferred fuel and purchased power	(191,304)	(98,707)
Deferred fuel and purchased power amortization	218,586	96,842
Allowance for equity funds used during construction	(28,095)	(21,833)
Deferred income taxes	(27,415)	(2,838)
Deferred investment tax credit	42,601	(2,538)
Changes in current assets and liabilities:
Customer and other receivables	(24,952)	(31,612)
Accrued unbilled revenues	(51,976)	(100,543)
Materials, supplies and fossil fuel	(42,156)	(34,315)
Income tax receivable	0	10,756
Other current assets	(39,635)	(7,883)
Accounts payable	1,175	101,931
Accrued taxes	11,298	39,408
Other current liabilities	(62,184)	2,384
Change in margin and collateral accounts - assets	28	40,430
Change in other long-term assets	(102,654)	183,701
Change in operating lease assets	17,841	29,613
Change in other long-term liabilities	159,294	(184,896)
Change in operating lease liabilities	30,247	(27,470)
Net cash provided by operating activities	465,520	600,296
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(902,554)	(824,269)
Contributions in aid of construction	60,118	68,879
Allowance for borrowed funds used during construction	(20,896)	(10,111)
Proceeds from nuclear decommissioning trusts sales and other special use funds	567,528	692,186
Investment in nuclear decommissioning trusts and other special use funds	(568,668)	(692,811)
Other	(786)	566
Net cash used for investing activities	(865,258)	(765,560)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of long-term debt	496,025	0
Short-term borrowing and (repayments) - net	(40,000)	236,300
Equity infusion	150,000	150,000
Dividends paid on common stock	(195,900)	(192,000)
Distributions to noncontrolling interests	(10,627)	(10,628)
Net cash provided by financing activities	399,498	183,672
NET INCREASE IN CASH AND CASH EQUIVALENTS	(240)	18,408
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	4,042	9,374
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 3,802	$ 27,782