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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (APSC) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 129,630 $ 84,165
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 239,743 245,700
Deferred fuel and purchased power 82,261 64,679
Deferred fuel and purchased power amortization (54,388) (68,762)
Allowance for equity funds used during construction (9,931) (11,319)
Deferred income taxes 66,142 11,945
Change in derivative instruments fair value (2,618) (279)
Changes in current assets and liabilities:    
Customer and other receivables (21,424) 43,271
Accrued unbilled revenues (43,211) (60,390)
Materials, supplies and fossil fuel (21,012) (18,226)
Other current assets (9,407) (37,053)
Accounts payable 9,199 37,817
Accrued taxes 19,775 29,530
Other current liabilities 807 3,967
Change in margin and collateral accounts - assets 124 21,185
Change in margin and collateral accounts - liabilities 69,602 39,567
Change in other long-term assets (1,692) (26,225)
Change in other long-term liabilities 5,035 57,748
Net cash flow provided by operating activities 458,635 436,279
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (424,775) (387,272)
Contributions in aid of construction 25,800 21,905
Allowance for borrowed funds used during construction (6,598) (7,432)
Proceeds from sale of life insurance policies   55,444
Proceeds from nuclear decommissioning trust sales 211,138 299,600
Investment in nuclear decommissioning trust (219,762) (308,222)
Other (525) (2,352)
Net cash flow used for investing activities (414,722) (328,329)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 351,081 175,000
Short-term borrowing and payments - net 109,000 (9,300)
Repayment of long-term debt (421,451) (187,962)
Dividends paid on common stock (111,297) (112,537)
Noncontrolling interests (2,630) (2,610)
Net cash flow used for financing activities (66,268) (125,864)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (22,355) (17,914)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 33,583 110,188
CASH AND CASH EQUIVALENTS AT END OF PERIOD 11,228 92,274
Cash paid during the period for:    
Income taxes, net of (refunds) (649)  
Interest, net of amounts capitalized 94,680 110,659
ARIZONA PUBLIC SERVICE COMPANY
   
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 136,356 88,279
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization including nuclear fuel 239,696 245,617
Deferred fuel and purchased power 82,261 64,679
Deferred fuel and purchased power amortization (54,388) (68,762)
Allowance for equity funds used during construction (9,931) (11,319)
Deferred income taxes 69,672 11,488
Change in derivative instruments fair value (2,618) (279)
Changes in current assets and liabilities:    
Customer and other receivables (23,015) 11,104
Accrued unbilled revenues (43,211) (60,390)
Materials, supplies and fossil fuel (21,012) (18,226)
Other current assets (6,928) (9,458)
Accounts payable 9,406 49,939
Accrued taxes 20,890 35,852
Other current liabilities (3,095) (3,531)
Change in margin and collateral accounts - assets 124 21,185
Change in margin and collateral accounts - liabilities 69,602 39,567
Change in other long-term assets (2,456) (25,004)
Change in other long-term liabilities 5,180 85,262
Net cash flow provided by operating activities 466,533 456,003
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (424,775) (387,932)
Contributions in aid of construction 25,800 21,905
Allowance for borrowed funds used during construction (6,598) (7,432)
Proceeds from sale of life insurance policies   44,183
Proceeds from nuclear decommissioning trust sales 211,138 299,600
Investment in nuclear decommissioning trust (219,762) (308,222)
Other (525) (2,352)
Net cash flow used for investing activities (414,722) (340,250)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 351,081  
Short-term borrowing and payments - net 109,000  
Repayment of long-term debt (421,451) (12,962)
Dividends paid on common stock (104,900) (114,300)
Noncontrolling interests (2,630) (2,610)
Net cash flow used for financing activities (68,900) (129,872)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (17,089) (14,119)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 19,873 99,937
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,784 85,818
Cash paid during the period for:    
Interest, net of amounts capitalized $ 92,473 $ 106,546