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APS - CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
PROPERTY, PLANT AND EQUIPMENT (Notes 1, 6 and 9)    
Plant in service and held for future use $ 24,211,167 $ 22,452,146
Accumulated depreciation and amortization (8,408,040) (7,929,878)
Net 15,803,127 14,522,268
Construction work in progress 1,724,004 1,882,791
Palo Verde sale leaseback, net of accumulated depreciation of $264,624 and $260,754 (Note 17) 86,426 90,296
Intangible assets, net of accumulated amortization of $884,371 and $816,827 267,110 258,880
Nuclear fuel, net of accumulated amortization of $118,074 and $126,157 99,490 100,119
Total property, plant and equipment 17,980,157 16,854,354
INVESTMENTS AND OTHER ASSETS    
Nuclear decommissioning trusts (Notes 12 and 18) 1,201,246 1,073,410
Other special use funds (Notes 12 and 18) 362,781 347,231
Assets from risk management activities (Note 15) 0 44,394
Other assets 102,845 125,672
Total investments and other assets 1,666,872 1,590,707
CURRENT ASSETS    
Cash and cash equivalents 4,955 4,832
Customer and other receivables 513,892 453,209
Accrued unbilled revenues 167,553 164,764
Allowance for doubtful accounts (Note 2) (22,433) (23,778)
Materials and supplies (at average cost) 444,344 410,481
Fossil fuel (at average cost) 49,203 40,155
Income tax receivable (Note 4) 332 14,086
Assets from risk management activities (Note 15) 6,808 87,835
Deferred fuel and purchased power regulatory asset (Note 3) 463,195 460,561
Other regulatory assets (Note 3) 162,562 78,318
Other current assets 101,417 60,091
Total current assets 1,926,967 1,750,554
DEFERRED DEBITS    
Regulatory assets (Notes 1, 3, 4 and 7) 1,390,279 1,283,221
Operating lease right-of-use assets (Note 8) 1,309,975 801,688
Assets for pension and other postretirement benefits (Note 7) 323,438 396,599
Other 63,465 46,282
Total deferred debits 3,087,157 2,527,790
TOTAL ASSETS 24,661,153 22,723,405
CAPITALIZATION    
Retained earnings 3,466,317 3,360,347
Accumulated other comprehensive loss (Note 19) (33,144) (31,435)
Total shareholders’ equity 6,177,664 6,048,647
Noncontrolling interests (Note 17) 107,198 111,229
Total equity 6,284,862 6,159,876
Long-term debt less current maturities (Note 6) 7,540,622 7,741,286
CURRENT LIABILITIES    
Short-term borrowings (Note 5) 609,500 340,720
Accounts payable 442,455 430,425
Accrued taxes 166,833 164,440
Accrued interest 72,916 61,217
Common dividends payable 99,813 97,895
Customer deposits 42,037 41,769
Liabilities from risk management activities (Note 15) 80,913 37,697
Liabilities for asset retirements (Note 11) 28,550 12,232
Operating lease liabilities (Note 8) 67,883 105,210
Regulatory liabilities (Note 3) 209,923 271,575
Other current liabilities 193,524 148,276
Total current liabilities 2,889,347 1,762,141
DEFERRED CREDITS AND OTHER    
Deferred income taxes (Note 4) 2,416,480 2,384,421
Regulatory liabilities (Notes 1, 3, 4 and 7) 1,965,865 2,061,776
Liabilities for asset retirements (Note 11) 937,451 785,530
Liabilities for pension benefits (Note 7) 112,702 116,286
Customer advances 533,580 422,103
Coal mine reclamation 184,007 179,255
Deferred investment tax credit 257,743 180,677
Unrecognized tax benefits (Note 4) 33,861 38,658
Operating lease liabilities (Note 8) 1,210,189 639,247
Other 251,469 247,400
Total deferred credits and other 7,946,322 7,060,102
COMMITMENTS AND CONTINGENCIES (Note 10)
TOTAL LIABILITIES AND EQUITY 24,661,153 22,723,405
Current maturities of long-term debt (Note 6) 875,000 50,685
Liabilities from risk management activities (Note 15) 42,975 4,749
Arizona Public Service Company    
PROPERTY, PLANT AND EQUIPMENT (Notes 1, 6 and 9)    
Plant in service and held for future use 24,207,706 22,448,685
Accumulated depreciation and amortization (8,404,721) (7,926,575)
Net 15,802,985 14,522,110
Construction work in progress 1,724,004 1,829,004
Palo Verde sale leaseback, net of accumulated depreciation of $264,624 and $260,754 (Note 17) 86,426 90,296
Intangible assets, net of accumulated amortization of $884,371 and $816,827 266,955 258,725
Nuclear fuel, net of accumulated amortization of $118,074 and $126,157 99,490 100,119
Total property, plant and equipment 17,979,860 16,800,254
INVESTMENTS AND OTHER ASSETS    
Nuclear decommissioning trusts (Notes 12 and 18) 1,201,246 1,073,410
Other special use funds (Notes 12 and 18) 362,781 347,231
Assets from risk management activities (Note 15) 0 44,394
Other assets 43,625 43,344
Total investments and other assets 1,607,652 1,508,379
CURRENT ASSETS    
Cash and cash equivalents 4,549 4,042
Customer and other receivables 510,296 448,880
Accrued unbilled revenues 167,553 164,764
Allowance for doubtful accounts (Note 2) (22,433) (23,778)
Materials and supplies (at average cost) 444,344 410,481
Fossil fuel (at average cost) 49,203 40,155
Income tax receivable (Note 4) 0 1,102
Assets from risk management activities (Note 15) 6,808 87,704
Deferred fuel and purchased power regulatory asset (Note 3) 463,195 460,561
Other regulatory assets (Note 3) 162,562 78,318
Other current assets 64,311 50,043
Total current assets 1,850,388 1,722,272
DEFERRED DEBITS    
Regulatory assets (Notes 1, 3, 4 and 7) 1,390,279 1,283,221
Operating lease right-of-use assets (Note 8) 1,308,611 796,544
Assets for pension and other postretirement benefits (Note 7) 316,606 389,142
Other 63,059 44,040
Total deferred debits 3,078,555 2,512,947
TOTAL ASSETS 24,516,455 22,543,852
CAPITALIZATION    
Common stock 178,162 178,162
Additional paid-in capital 3,321,696 3,171,696
Retained earnings 3,759,299 3,607,464
Accumulated other comprehensive loss (Note 19) (17,219) (15,596)
Total shareholders’ equity 7,241,938 6,941,726
Noncontrolling interests (Note 17) 107,198 111,229
Total equity 7,349,136 7,052,955
Long-term debt less current maturities (Note 6) 7,041,891 6,793,529
Total capitalization 14,391,027 13,846,484
CURRENT LIABILITIES    
Short-term borrowings (Note 5) 532,850 325,000
Accounts payable 433,229 417,732
Accrued taxes 162,288 156,746
Accrued interest 72,548 60,518
Common dividends payable 99,800 97,900
Customer deposits 42,037 41,769
Liabilities from risk management activities (Note 15) 80,913 37,697
Liabilities for asset retirements (Note 11) 28,550 12,232
Operating lease liabilities (Note 8) 67,608 104,728
Regulatory liabilities (Note 3) 209,923 271,575
Other current liabilities 211,773 144,733
Total current liabilities 2,191,519 1,670,630
DEFERRED CREDITS AND OTHER    
Deferred income taxes (Note 4) 2,431,697 2,385,647
Regulatory liabilities (Notes 1, 3, 4 and 7) 1,965,865 2,061,776
Liabilities for asset retirements (Note 11) 937,451 785,530
Liabilities for pension benefits (Note 7) 106,215 108,068
Customer advances 533,580 422,103
Coal mine reclamation 184,007 179,255
Deferred investment tax credit 257,743 180,677
Unrecognized tax benefits (Note 4) 33,861 38,658
Operating lease liabilities (Note 8) 1,208,857 634,199
Other 231,658 226,985
Total deferred credits and other 7,933,909 7,026,738
COMMITMENTS AND CONTINGENCIES (Note 10)
TOTAL LIABILITIES AND EQUITY 24,516,455 22,543,852
Current maturities of long-term debt (Note 6) 250,000 0
Liabilities from risk management activities (Note 15) $ 42,975 $ 3,840