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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (APSC) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 84,165 $ 118,669
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 245,700 229,964
Deferred fuel and purchased power 64,679 65,249
Deferred fuel and purchased power amortization (68,762) (55,494)
Allowance for equity funds used during construction (11,319) (10,893)
Deferred income taxes 11,945 50,972
Change in mark-to-market valuations (279) 2,396
Changes in current assets and liabilities:    
Customer and other receivables 43,271 (7,133)
Accrued unbilled revenues (60,390) (51,470)
Materials, supplies and fossil fuel (18,226) 13,577
Other current assets (37,053) (8,340)
Accounts payable 37,817 45,313
Other current liabilities 3,967 (26,583)
Change in margin and collateral accounts - assets 21,185 656
Change in margin and collateral accounts - liabilities 39,567 (90,694)
Change in unrecognized tax benefits 18,959 (62,630)
Change in other long-term assets (26,185) (11,015)
Change in other long-term liabilities 57,748 (48,045)
Net cash flow provided by operating activities 436,279 201,414
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (387,272) (378,579)
Contributions in aid of construction 21,905 15,163
Allowance for borrowed funds used during construction (7,432) (6,395)
Proceeds from sale of life insurance policies 55,444  
Proceeds from nuclear decommissioning trust sales 299,600 329,796
Investment in nuclear decommissioning trust (308,222) (342,004)
Other (2,352) 3,850
Net cash flow used for investing activities (328,329) (277,869)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of long-term debt (187,962) (15,221)
Dividends paid on common stock (112,537) (106,522)
Noncontrolling interests (2,610) (3,286)
Net cash flow provided by (used for) financing activities (125,864) (18,421)
NET DECREASE IN CASH AND CASH EQUIVALENTS (17,914) (94,876)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 110,188 145,378
CASH AND CASH EQUIVALENTS AT END OF PERIOD 92,274 50,502
Cash paid during the period for:    
Income taxes, net of (refunds)   (3,944)
Interest, net of amounts capitalized 110,659 115,722
ARIZONA PUBLIC SERVICE COMPANY
   
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 88,279 111,110
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 245,617 228,513
Deferred fuel and purchased power 64,679 65,249
Deferred fuel and purchased power amortization (68,762) (55,494)
Allowance for equity funds used during construction (11,319) (10,893)
Deferred income taxes 11,488 58,225
Change in mark-to-market valuations (279) 2,396
Changes in current assets and liabilities:    
Customer and other receivables 11,104 (4,062)
Accrued unbilled revenues (60,390) (51,470)
Materials, supplies and fossil fuel (18,226) 13,577
Other current assets (9,458) (10,786)
Accounts payable 49,939 43,451
Other current liabilities 32,321 (33,793)
Change in margin and collateral accounts - assets 21,185 656
Change in margin and collateral accounts - liabilities 39,567 (90,694)
Change in long-term income tax receivable (2,867)  
Change in unrecognized tax benefits 18,972 (62,198)
Change in other long-term assets (22,137) (12,676)
Change in other long-term liabilities 66,290 (36,857)
Net cash flow provided by operating activities 456,003 154,254
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (387,932) (378,239)
Contributions in aid of construction 21,905 15,163
Allowance for borrowed funds used during construction (7,432) (6,091)
Proceeds from sale of life insurance policies 44,183  
Proceeds from nuclear decommissioning trust sales 299,600 329,796
Investment in nuclear decommissioning trust (308,222) (342,004)
Other (2,352) 1,074
Net cash flow used for investing activities (340,250) (380,301)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of long-term debt (12,962) (9,296)
Equity infusion   252,833
Dividends paid on common stock (114,300) (99,400)
Noncontrolling interests (2,610) (3,286)
Net cash flow provided by (used for) financing activities (129,872) 140,851
NET DECREASE IN CASH AND CASH EQUIVALENTS (14,119) (85,196)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 99,937 120,798
CASH AND CASH EQUIVALENTS AT END OF PERIOD 85,818 35,602
Cash paid during the period for:    
Income taxes, net of (refunds)   65,498
Interest, net of amounts capitalized $ 106,546 $ 106,485