2015 Q4 Form 10-K Financial Statement

#000076462217000010 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $734.4M $1.199B $890.6M
YoY Change 1.1% 2.26% -1.72%
Cost Of Revenue $363.8M $281.5M
YoY Change -4.84% -3.22%
Gross Profit $835.3M $609.2M
YoY Change 5.69% -1.01%
Gross Profit Margin 69.66% 68.4%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $143.6M $145.9M $140.7M
YoY Change 15.06% 16.44% 13.47%
% of Gross Profit 17.47% 23.1%
Operating Expenses $600.7M $703.1M $669.3M
YoY Change -0.03% -3.29% 1.87%
Operating Profit $109.8M $445.1M $232.0M
YoY Change 82.5% 5.53% -8.71%
Interest Expense -$59.90M $45.82M $44.01M
YoY Change -40.87% 3.8% -8.25%
% of Operating Profit -54.54% 10.29% 18.97%
Other Income/Expense, Net -$5.000M $2.246M $6.911M
YoY Change -48.98% -56.9% -29.28%
Pretax Income $68.80M $401.5M $194.9M
YoY Change 374.48% 4.88% -9.75%
Income Tax $22.85M $139.6M $67.37M
% Of Pretax Income 33.21% 34.76% 34.57%
Net Earnings $45.98M $262.0M $127.5M
YoY Change 382.2% 5.6% -9.82%
Net Earnings / Revenue 6.26% 21.85% 14.32%
Basic Earnings Per Share $0.37 $2.32 $1.11
Diluted Earnings Per Share $0.37 $2.30 $1.10
COMMON SHARES
Basic Shares Outstanding 110.8M shares 111.0M shares 111.0M shares
Diluted Shares Outstanding 111.6M shares 111.5M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.00M $13.00M $14.00M
YoY Change 387.5% 30.0% 55.56%
Cash & Equivalents $39.49M $13.01M $13.56M
Short-Term Investments
Other Short-Term Assets $37.24M $38.44M $44.83M
YoY Change -4.06% -5.49% -7.49%
Inventory $280.0M $279.0M $274.0M
Prepaid Expenses
Receivables $272.0M $358.0M $287.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $890.5M $1.062B $1.032B
YoY Change -8.52% 2.02% 3.27%
LONG-TERM ASSETS
Property, Plant & Equipment $10.63B $10.46B $10.43B
YoY Change 4.76% 5.2% 3.68%
Goodwill
YoY Change
Intangibles $124.0M $134.9M $127.7M
YoY Change 3.52% 5.78% -6.78%
Long-Term Investments
YoY Change
Other Assets $52.52M $52.49M $51.99M
YoY Change -2.83% -13.14% -15.3%
Total Long-Term Assets $14.14B $13.81B $13.67B
YoY Change 6.18% 6.75% 7.71%
TOTAL ASSETS
Total Short-Term Assets $890.5M $1.062B $1.032B
Total Long-Term Assets $14.14B $13.81B $13.67B
Total Assets $15.03B $14.88B $14.70B
YoY Change 5.17% 6.4% 7.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $297.5M $234.0M $326.1M
YoY Change 0.77% -16.09% 1.66%
Accrued Expenses $56.00M $40.00M $55.00M
YoY Change 5.66% -2.44% 3.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $57.00M $157.5M
YoY Change -100.0% 197.65% -10.84%
Long-Term Debt Due $358.0M $411.0M $103.0M
YoY Change -6.77% 11.38% -72.09%
Total Short-Term Liabilities $1.442B $1.523B $1.340B
YoY Change -7.49% 5.17% -13.82%
LONG-TERM LIABILITIES
Long-Term Debt $3.462B $3.257B $3.566B
YoY Change 15.16% 7.23% 18.88%
Other Long-Term Liabilities $186.3M $184.0M $196.2M
YoY Change -1.03% 3.68% 0.02%
Total Long-Term Liabilities $3.649B $3.441B $3.762B
YoY Change 14.21% 7.03% 17.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.442B $1.523B $1.340B
Total Long-Term Liabilities $3.649B $3.441B $3.762B
Total Liabilities $5.091B $4.965B $5.102B
YoY Change 7.09% 6.45% 7.4%
SHAREHOLDERS EQUITY
Retained Earnings $2.093B $2.190B $1.933B
YoY Change 8.66% 6.73% 6.91%
Common Stock $2.542B $2.529B $2.527B
YoY Change 1.14% 1.07% 1.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.806M $1.765M $1.765M
YoY Change 70.71% 1565.09% 833.86%
Treasury Stock Shares 115.0K shares 53.56K shares 53.56K shares
Shareholders Equity $4.584B $4.654B $4.393B
YoY Change
Total Liabilities & Shareholders Equity $15.03B $14.88B $14.70B
YoY Change 5.17% 6.4% 7.39%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $45.98M $262.0M $127.5M
YoY Change 382.2% 5.6% -9.82%
Depreciation, Depletion And Amortization $143.6M $145.9M $140.7M
YoY Change 15.06% 16.44% 13.47%
Cash From Operating Activities $272.9M $427.1M $250.2M
YoY Change 28.3% 1.26% 15.89%
INVESTING ACTIVITIES
Capital Expenditures -$297.4M -$247.7M -$280.0M
YoY Change 1.88% 7.74% 54.44%
Acquisitions
YoY Change
Other Investing Activities $4.000M -$15.60M $3.300M
YoY Change 29.03% 43.12% -203.13%
Cash From Investing Activities -$293.4M -$263.3M -$276.7M
YoY Change 1.56% 9.34% 49.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 47.00M -164.4M 28.50M
YoY Change -35.88% -8.51% -122.67%
NET CHANGE
Cash From Operating Activities 272.9M 427.1M 250.2M
Cash From Investing Activities -293.4M -263.3M -276.7M
Cash From Financing Activities 47.00M -164.4M 28.50M
Net Change In Cash 26.50M -600.0K 2.000M
YoY Change -1013.79% -146.15% -102.12%
FREE CASH FLOW
Cash From Operating Activities $272.9M $427.1M $250.2M
Capital Expenditures -$297.4M -$247.7M -$280.0M
Free Cash Flow $570.3M $674.8M $530.2M
YoY Change 13.02% 3.54% 33.48%

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19000000 USD
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58000000 USD
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58000000 USD
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8000000 USD
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0
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150000000 shares
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1075510000 USD
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396000000 USD
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430000000 USD
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422000000 USD
CY2014 us-gaap Cost Of Services Depreciation And Amortization
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417358000 USD
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107949000 USD
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0.0400
CY2016Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
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0.0400
us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
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0.0500
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0.0500
CY2016 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
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0.0500
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496487000 USD
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1000 USD
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69363000 USD
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2.32
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0.04
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1.09
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2.36
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0.48
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3.97
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3.58
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0.14
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1.10
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2.30
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0.37
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.92
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0.04
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1.08
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2.35
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0.47
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3.95
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0.35
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0.35
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0.35
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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13000000 USD
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P2Y
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13000000 USD
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7000000 USD
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10000000 USD
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45697000 USD
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-452000 USD
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88000 USD
CY2015 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
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0 USD
CY2016 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
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0 USD
CY2015 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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0 USD
CY2016 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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0 USD
CY2015 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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-14809000 USD
CY2016 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-15146000 USD
CY2015 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
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-6256000 USD
CY2016 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
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1900000 USD
CY2015 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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-4315000 USD
CY2016 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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-5982000 USD
CY2014Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2015Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2016Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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-47406000 USD
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546038000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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603637000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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41000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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1000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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4000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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12000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
23000000 USD
CY2016 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P6Y
CY2014 us-gaap Gain Loss On Investments
GainLossOnInvestments
8386000 USD
CY2014 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
644401000 USD
CY2015 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
693910000 USD
CY2016 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
697938000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
220705000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7947000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
67371000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
139555000 USD
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22847000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
237720000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1914000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
65742000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
141446000 USD
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27309000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
236411000 USD
CY2014 us-gaap Income Tax Reconciliation Deductions Medicare Prescription Drug Benefit Subsidy
IncomeTaxReconciliationDeductionsMedicarePrescriptionDrugBenefitSubsidy
-830000 USD
CY2015 us-gaap Income Tax Reconciliation Deductions Medicare Prescription Drug Benefit Subsidy
IncomeTaxReconciliationDeductionsMedicarePrescriptionDrugBenefitSubsidy
-837000 USD
CY2016 us-gaap Income Tax Reconciliation Deductions Medicare Prescription Drug Benefit Subsidy
IncomeTaxReconciliationDeductionsMedicarePrescriptionDrugBenefitSubsidy
-844000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
225540000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
242869000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
244278000 USD
CY2014 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
9135000 USD
CY2015 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
6626000 USD
CY2016 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
6823000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1228000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-218000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-588000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
18149000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
18265000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
16311000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
4928000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
5527000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
5887000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-102154000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6550000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9956000 USD
CY2015Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
589000 USD
CY2015 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-2013000 USD
CY2016 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
447000 USD
CY2014 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
343000 USD
CY2015 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
324000 USD
CY2016 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-673000 USD
CY2014 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-132419000 USD
CY2015 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2509000 USD
CY2016 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
3162000 USD
CY2016Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
3751000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-353000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-34266000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-66917000 USD
CY2014 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
9615000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3724000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
23945000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1491000 USD
CY2014 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
17892000 USD
CY2015 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
603000 USD
CY2016 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
29594000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
56561000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2426000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
60163000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-114052000 USD
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-100715000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-82793000 USD
CY2014 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-4384000 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-3145000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
23324000 USD
CY2014 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
52672000 USD
CY2015 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
22219000 USD
CY2016 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2489000 USD
CY2014 us-gaap Increase Decrease In Regulatory Clause Revenue
IncreaseDecreaseInRegulatoryClauseRevenue
-26927000 USD
CY2015 us-gaap Increase Decrease In Regulatory Clause Revenue
IncreaseDecreaseInRegulatoryClauseRevenue
14997000 USD
CY2016 us-gaap Increase Decrease In Regulatory Clause Revenue
IncreaseDecreaseInRegulatoryClauseRevenue
-60303000 USD
CY2014 us-gaap Increase Decrease In Regulatory Liabilities
IncreaseDecreaseInRegulatoryLiabilities
59618000 USD
CY2015 us-gaap Increase Decrease In Regulatory Liabilities
IncreaseDecreaseInRegulatoryLiabilities
-20535000 USD
CY2016 us-gaap Increase Decrease In Regulatory Liabilities
IncreaseDecreaseInRegulatoryLiabilities
14682000 USD
CY2014 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
3737000 USD
CY2015 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-4293000 USD
CY2016 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
11709000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
123975000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
90022000 USD
CY2014 us-gaap Interest Costs Incurred
InterestCostsIncurred
200950000 USD
CY2015 us-gaap Interest Costs Incurred
InterestCostsIncurred
194964000 USD
CY2016 us-gaap Interest Costs Incurred
InterestCostsIncurred
205720000 USD
CY2014 us-gaap Interest Expense
InterestExpense
185493000 USD
CY2015 us-gaap Interest Expense
InterestExpense
178705000 USD
CY2016 us-gaap Interest Expense
InterestExpense
185750000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
177074000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
170209000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
184462000 USD
CY2015Q4 us-gaap Interest Payable Current
InterestPayableCurrent
56305000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
52835000 USD
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
1010000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
493000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
884000 USD
CY2014 us-gaap Investment Tax Credit
InvestmentTaxCredit
26246000 USD
CY2015 us-gaap Investment Tax Credit
InvestmentTaxCredit
8473000 USD
CY2016 us-gaap Investment Tax Credit
InvestmentTaxCredit
23082000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
18000000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
17000000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
16000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15028258000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16004253000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1442317000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1292946000 USD
CY2015Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
63343000 USD
CY2016Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
58482000 USD
CY2015Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
9524000 USD
CY2016Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
10046000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4106367000 USD
CY2016Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4425789000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3462391000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4021785000 USD
CY2014 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
9426000 USD
CY2015 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
2080000 USD
CY2016 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
1747000 USD
CY2015Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
201984000 USD
CY2016Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
221910000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
135540000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
132290000 USD
CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
20482000 USD
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
35002000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
22743000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-178881000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3790000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
198081000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-922668000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1066233000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1252078000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1099627000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1094327000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1023390000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
19493000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
397595000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26101000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18933000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16122000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
122902000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
257116000 USD
CY2015Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
41117000 USD
CY2016Q4 us-gaap Nuclear Fuel Net Of Amortization
NuclearFuelNetOfAmortization
119004000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
811242000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
437257000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
67684000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
231973000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
445111000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
109834000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
854602000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
50162000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4453000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
121308000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
231748000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
451258000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
263027000 USD
CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
53246000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
442034000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
18652000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
18013000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
27704000 USD
CY2015Q4 us-gaap Nuclear Fuel Net Of Amortization
NuclearFuelNetOfAmortization
123139000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
122816000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
855984000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
37242000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
45028000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
52518000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
69063000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9912000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
23393000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
926000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
2761000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-20163000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
1477000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1307000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-13302000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
633000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-13483000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-4187000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-2941000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-7932000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1801000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-985000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-810000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-957000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-538000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
438000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
342000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
585000 USD
CY2014 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
2883000 USD
CY2015 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
4932000 USD
CY2016 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3541000 USD
CY2015Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
128835000 USD
CY2016Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
139474000 USD
CY2015Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
234234000 USD
CY2016Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
253979000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
197861000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
244000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
186345000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
156784000 USD
CY2015Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
357580000 USD
CY2016Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
125000000 USD
CY2014 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
21746000 USD
CY2015 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
17823000 USD
CY2016 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
15337000 USD
CY2014 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
9608000 USD
CY2015 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
621000 USD
CY2016 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
901000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-347000 USD
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3184000 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
18651000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
246671000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
260027000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
274229000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
910634000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1076087000 USD
CY2016 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1275472000 USD
CY2014 us-gaap Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
373444000 USD
CY2015 us-gaap Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
496062000 USD
CY2016 us-gaap Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
635691000 USD
CY2014 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
20482000 USD
CY2015 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
35002000 USD
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
22744000 USD
CY2014 us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
20325000 USD
CY2015 us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
46546000 USD
CY2016 us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
64296000 USD
CY2014 us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
356195000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
267900000 USD
CY2016Q4 us-gaap Profit Loss
ProfitLoss
58119000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
461527000 USD
CY2015 us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
478813000 USD
CY2016 us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
633410000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15288000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19373000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q4 us-gaap Treasury Stock Shares
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CY2015 us-gaap Treasury Stock Value Acquired Cost Method
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CY2016 us-gaap Treasury Stock Value Acquired Cost Method
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">Electric Revenues</font></div><div style="line-height:120%;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">We derive electric revenues primarily from sales of electricity to our regulated Native Load customers.&#160; Revenues related to the sale of electricity are generally recorded when service is rendered or electricity is delivered to customers.&#160; The billing of electricity sales to individual Native Load customers is based on the reading of their meters, which occurs on a systematic basis throughout the month.&#160; Unbilled revenues are estimated by applying an average revenue/kWh by customer class to the number of estimated kWhs delivered but not billed.&#160; Differences historically between the actual and estimated unbilled revenues are immaterial.&#160; We exclude sales taxes and franchise fees on electric revenues from both revenue and taxes other than income taxes.</font></div><div style="line-height:120%;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">Revenues from our Native Load customers and non-derivative instruments are reported on a gross basis on Pinnacle West&#8217;s Consolidated Statements of Income.&#160; In the electricity business, some contracts to purchase energy are netted against other contracts to sell energy.&#160; This is called a &#8220;book-out&#8221; and usually occurs for contracts that have the same terms (quantities and delivery points) and for which power does not flow.&#160; We net these book-outs, which reduces both revenues and fuel and purchased power costs.</font></div><div style="line-height:120%;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">Some of our cost recovery mechanisms are alternative revenue programs.&#160; For alternative revenue programs that meet specified accounting criteria, we recognize revenues when the specific events permitting billing of the additional revenues have been completed.</font></div><div style="line-height:120%;text-align:center;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br clear="none"/></font></div></div>
CY2016 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">Accounting Records and Use of Estimates</font></div><div style="line-height:120%;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">Our accounting records are maintained in accordance with GAAP.&#160; The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period.&#160; Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:center;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br clear="none"/></font></div></div>

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