Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Significant Accounting Policies

Schedule of impacts of the reclassifications of prior years (previously reported)

The following tables show the impacts of the reclassifications of prior years (previously reported) amounts (dollars in thousands):

Balance Sheets - December 31, 2012	As previously reported		Reclassifications to conform to current year presentation			Amount reported after reclassification to conform to current year presentation
Long-Term Debt less Current Maturities —
Long-term debt less current maturities	$	3,160,219	$	38,869		$	3,199,088
Long-Term Debt less Current Maturities —
Palo Verde sale leaseback lessor notes less
current maturities	38,869		(38,869		)	—

Statement of Cash Flows for the Year Ended December 31, 2012	As previously reported		Reclassifications to conform to current year presentation			Amount reported after reclassification to conform to current year presentation
Cash Flows from Operating Activities
Deferred income taxes	$	228,602	$	(41,579	)	$	187,023
Deferred investment tax credit	—		41,579			41,579
Accrued taxes and income tax receivable	8,693		(8,693		)	—
Income tax receivable	—		(4,043		)	(4,043		)
Accrued taxes	—		12,736			12,736

Statement of Cash Flows for the Year Ended December 31, 2011	As previously reported		Reclassifications to conform to current year presentation			Amount reported after reclassification to conform to current year presentation
Cash Flows from Operating Activities
Deferred income taxes	$	176,192	$	(58,240	)	$	117,952
Deferred investment tax credit	—		58,240			58,240
Accrued taxes and income tax receivable	12,068		(12,068		)	—
Income tax receivable	—		3,983			3,983
Accrued taxes	—		8,085			8,085

Summary of supplemental cash flow information

The following table summarizes supplemental Pinnacle West cash flow information for each of the last three years (dollars in thousands):

	Years ended December 31,
	2013		2012		2011
Cash paid during the period for:
Income taxes, net of refunds	$	18,537	$	2,543	$	10,324
Interest, net of amounts capitalized	184,010		200,923		217,789
Significant non-cash investing and financing activities:
Accrued capital expenditures	$	33,184	$	26,208	$	27,245
Dividends declared but not paid	62,528		59,789		—
Liabilities assumed relating to acquisition of SCE Four Corners’ interest (see Note 3)	145,609		—		—