2014 Q2 Form 10-Q Financial Statement

#000110465914055234 Filed on July 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $906.3M $915.8M
YoY Change -1.04% 4.24%
Cost Of Revenue $290.9M $277.6M
YoY Change 4.78% 4.86%
Gross Profit $615.4M $638.2M
YoY Change -3.58% 3.97%
Gross Profit Margin 67.91% 69.69%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $124.0M $125.2M
YoY Change -0.96% 3.3%
% of Gross Profit 20.15% 19.62%
Operating Expenses $657.0M $656.0M
YoY Change 0.15% 5.11%
Operating Profit $254.1M $259.8M
YoY Change -2.19% 2.09%
Interest Expense $47.96M $47.67M
YoY Change 0.61% -3.8%
% of Operating Profit 18.87% 18.35%
Other Income/Expense, Net $9.772M $4.500M
YoY Change 117.16% 67.72%
Pretax Income $215.9M $216.6M
YoY Change -0.33% 4.35%
Income Tax $74.54M $77.04M
% Of Pretax Income 34.52% 35.56%
Net Earnings $141.4M $139.6M
YoY Change 1.28% 7.29%
Net Earnings / Revenue 15.6% 15.24%
Basic Earnings Per Share $1.20 $1.19
Diluted Earnings Per Share $1.19 $1.18
COMMON SHARES
Basic Shares Outstanding 110.6M shares 110.0M shares
Diluted Shares Outstanding 111.0M shares 110.9M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.000M $28.00M
YoY Change -67.86% 154.55%
Cash & Equivalents $9.161M $27.80M
Short-Term Investments
Other Short-Term Assets $48.46M $42.72M
YoY Change 13.44% -88.58%
Inventory $269.0M $253.0M
Prepaid Expenses
Receivables $323.0M $343.0M
Other Receivables $0.00 $2.000M
Total Short-Term Assets $999.1M $1.066B
YoY Change -6.3% 12.55%
LONG-TERM ASSETS
Property, Plant & Equipment $10.06B $9.481B
YoY Change 6.1% 3.0%
Goodwill
YoY Change
Intangibles $137.0M $162.7M
YoY Change -15.78%
Long-Term Investments
YoY Change
Other Assets $61.38M $64.30M
YoY Change -4.55% -97.01%
Total Long-Term Assets $12.69B $12.50B
YoY Change 1.56% 1.87%
TOTAL ASSETS
Total Short-Term Assets $999.1M $1.066B
Total Long-Term Assets $12.69B $12.50B
Total Assets $13.69B $13.56B
YoY Change 0.94% 2.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $320.8M $287.4M
YoY Change 11.63% -9.06%
Accrued Expenses $53.00M $49.00M
YoY Change 8.16% -19.67%
Deferred Revenue
YoY Change
Short-Term Debt $176.7M $30.10M
YoY Change 486.88% -72.39%
Long-Term Debt Due $369.0M $599.0M
YoY Change -38.4% 932.76%
Total Short-Term Liabilities $1.555B $1.537B
YoY Change 1.14% 39.2%
LONG-TERM LIABILITIES
Long-Term Debt $3.000B $2.820B
YoY Change 6.36% -16.35%
Other Long-Term Liabilities $196.1M $191.3M
YoY Change 2.55% -93.39%
Total Long-Term Liabilities $3.196B $3.011B
YoY Change 6.12% -10.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.555B $1.537B
Total Long-Term Liabilities $3.196B $3.011B
Total Liabilities $4.750B $4.549B
YoY Change 4.43% 1.63%
SHAREHOLDERS EQUITY
Retained Earnings $1.808B $1.660B
YoY Change 8.94%
Common Stock $2.500B $2.487B
YoY Change 0.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $189.0K $10.12M
YoY Change -98.13%
Treasury Stock Shares 23.82K shares
Shareholders Equity $4.234B $4.032B
YoY Change
Total Liabilities & Shareholders Equity $13.69B $13.56B
YoY Change 0.94% 2.64%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $141.4M $139.6M
YoY Change 1.28% 7.29%
Depreciation, Depletion And Amortization $124.0M $125.2M
YoY Change -0.96% 3.3%
Cash From Operating Activities $215.9M $242.1M
YoY Change -10.82% -29.48%
INVESTING ACTIVITIES
Capital Expenditures -$181.3M -$193.7M
YoY Change -6.4% 5.39%
Acquisitions
YoY Change
Other Investing Activities -$3.200M -$1.400M
YoY Change 128.57% -133.33%
Cash From Investing Activities -$184.5M -$195.2M
YoY Change -5.48% 8.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -125.7M -44.30M
YoY Change 183.75% -74.42%
NET CHANGE
Cash From Operating Activities 215.9M 242.1M
Cash From Investing Activities -184.5M -195.2M
Cash From Financing Activities -125.7M -44.30M
Net Change In Cash -94.30M 2.600M
YoY Change -3726.92% -127.37%
FREE CASH FLOW
Cash From Operating Activities $215.9M $242.1M
Capital Expenditures -$181.3M -$193.7M
Free Cash Flow $397.2M $435.8M
YoY Change -8.86% -17.32%

Facts In Submission

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CY2014Q2 pnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitySettlements
4000000 USD
pnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitySettlements
5000000 USD
CY2013Q2 pnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitySettlements
4000000 USD
pnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilitySettlements
2000000 USD
pnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilityTransfersIntoLevel3
-2000000 USD
pnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilityTransfersOutOfLevel3
1000000 USD
pnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilityTransfersIntoLevel3
-1000000 USD
pnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilityTransfersOutOfLevel3
1000000 USD
pnw Fair Value Measurement Inter Level Transfers Amount
FairValueMeasurementInterLevelTransfersAmount
0 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-114008000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-78053000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-104457000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-74217000 USD
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-107931000 USD
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-74902000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-2032000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1795000 USD
CY2014Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2717000 USD
CY2013Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-5269000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-2453000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-6289000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1737000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-11288000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
133143000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-102000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-9375000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
13129000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
8370000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
100785000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-7626000 USD
us-gaap Interest Expense
InterestExpense
93159000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
261946000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89512000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16783000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.14
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.09
us-gaap Costs And Expenses
CostsAndExpenses
1263232000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
329283000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
14897000 USD
us-gaap Interest Expense
InterestExpense
97160000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
247020000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-160000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-4322000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
688000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
134681000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-278000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
165202000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
152060000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
26000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-105000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
624000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-67000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1261000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-2824000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-2584000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-6124000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-845000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-449000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-128000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
182000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9526000 USD
CY2013Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
299904000 USD
CY2013Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
96796000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3203000 USD
CY2013Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
221682000 USD
CY2013Q4 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
38028000 USD
CY2013Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
135517000 USD
CY2013Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
17169000 USD
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
130998000 USD
CY2013Q4 us-gaap Assets
Assets
13508686000 USD
CY2013Q4 pnw Deferred Fuel And Purchased Power Regulatory Asset Current
DeferredFuelAndPurchasedPowerRegulatoryAssetCurrent
20755000 USD
CY2013Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
76388000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
39895000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
1043609000 USD
CY2013Q4 us-gaap Derivative Instruments And Hedges Noncurrent
DerivativeInstrumentsAndHedgesNoncurrent
23815000 USD
CY2013Q4 us-gaap Decommissioning Trust Assets Amount
DecommissioningTrustAssetsAmount
642007000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
60875000 USD
CY2013Q4 pnw Total Investments And Other Assets
TotalInvestmentsAndOtherAssets
726697000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15200464000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5300219000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9900245000 USD
CY2013Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
581369000 USD
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
125125000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
157689000 USD
CY2013Q4 us-gaap Nuclear Fuel Net Of Amortization
NuclearFuelNetOfAmortization
124557000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
10888985000 USD
CY2013Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
137683000 USD
CY2013Q4 pnw Total Deferred Debits
TotalDeferredDebits
849395000 USD
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
284516000 USD
CY2013Q4 us-gaap Interest Payable Current
InterestPayableCurrent
48351000 USD
CY2013Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
62528000 USD
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
153125000 USD
CY2013Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
540424000 USD
CY2013Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
76101000 USD
CY2013Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
31892000 USD
CY2013Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
32896000 USD
CY2013Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
99273000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
158540000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1618644000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2796465000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2351882000 USD
CY2013Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
313833000 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
2491558000 USD
CY2013Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
70315000 USD
CY2013Q4 us-gaap Customer Advances For Construction
CustomerAdvancesForConstruction
114480000 USD
CY2013Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
207453000 USD
CY2013Q4 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
152361000 USD
CY2013Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
42209000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
185659000 USD
CY2013Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
4753117000 USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
513628000 USD
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
4308000 USD
CY2013Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
2487250000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1785273000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
54995000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-23058000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
4194470000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
145990000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13508686000 USD
CY2014Q2 us-gaap Assets Current
AssetsCurrent
999072000 USD
CY2014Q2 pnw Total Investments And Other Assets
TotalInvestmentsAndOtherAssets
765320000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
11029045000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10059420000 USD
CY2014Q2 pnw Total Deferred Debits
TotalDeferredDebits
896880000 USD
CY2014Q2 us-gaap Assets
Assets
13690317000 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1554707000 USD
CY2014Q2 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
4754235000 USD
CY2014Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
2499875000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
4233890000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13690317000 USD
CY2014Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.00
CY2013Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.00
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
110430456 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
110280703 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
23824 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
98944 shares
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
249482000 USD
us-gaap Increase Decrease In Regulatory Clause Revenue
IncreaseDecreaseInRegulatoryClauseRevenue
36183000 USD
pnw Increase Decrease Deferred Fuel And Purchased Power Amortization
IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization
10921000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
68526000 USD
us-gaap Investment Tax Credit
InvestmentTaxCredit
20159000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-349000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
79408000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
68763000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4002000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-779000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
14439000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
85563000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
4253000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-26098000 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
1111000 USD
pnw Change In Margin And Collateral Accounts Liabilities
ChangeInMarginAndCollateralAccountsLiabilities
14600000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
23796000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
21753000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
376601000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
454256000 USD
us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
21236000 USD
us-gaap Allowance For Funds Used During Construction Investing Activities
AllowanceForFundsUsedDuringConstructionInvestingActivities
-7626000 USD
us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
253996000 USD
us-gaap Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
262621000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
262000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-371878000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
136307000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-62075000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
116231000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9751000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
795000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-80777000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
9197000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
40127000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1601000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
465066000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-392968000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-72463000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-365000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26202000 USD
CY2013Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
2020000 USD
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
656010000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27803000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
915822000 USD
CY2013Q2 us-gaap Cost Of Goods Sold Electric
CostOfGoodsSoldElectric
277584000 USD
CY2013Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
229300000 USD
CY2013Q2 us-gaap Cost Of Services Depreciation And Amortization
CostOfServicesDepreciationAndAmortization
106292000 USD
CY2013Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
40814000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
259812000 USD
CY2013Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
6265000 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4500000 USD
CY2013Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
51307000 USD
CY2013Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-3636000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
47671000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
216641000 USD
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
652151000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
9772000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
47961000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
215924000 USD
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.14
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.09
us-gaap Sales Revenue Net
SalesRevenueNet
1602474000 USD
us-gaap Cost Of Goods Sold Electric
CostOfGoodsSoldElectric
508263000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
452550000 USD
us-gaap Cost Of Services Depreciation And Amortization
CostOfServicesDepreciationAndAmortization
210022000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
80835000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
4069000 USD
us-gaap Costs And Expenses
CostsAndExpenses
1255739000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9161000 USD
CY2014Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
62656000 USD
CY2013Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
59946000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
119885000 USD
CY2013Q2 us-gaap Dividends Common Stock
DividendsCommonStock
119885000 USD
CY2013Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9196000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
75648000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9196000 USD
CY2014Q2 us-gaap Dividends Common Stock
DividendsCommonStock
125265000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
125265000 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
2107000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-49000 USD
CY2014Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
15869000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
15869000 USD
CY2014Q2 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
38835000 USD
CY2014Q2 pnw Deferred Fuel And Purchased Power Regulatory Asset Current
DeferredFuelAndPurchasedPowerRegulatoryAssetCurrent
1043000 USD
CY2014Q2 us-gaap Derivative Instruments And Hedges Noncurrent
DerivativeInstrumentsAndHedgesNoncurrent
21581000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15448087000 USD
CY2014Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
123190000 USD
CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
320779000 USD
CY2014Q2 us-gaap Interest Payable Current
InterestPayableCurrent
52740000 USD
CY2014Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
176650000 USD
CY2014Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
74779000 USD
CY2014Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
809442000 USD
CY2014Q2 us-gaap Customer Advances For Construction
CustomerAdvancesForConstruction
120330000 USD
CY2014Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
23367000 USD
CY2014Q2 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
181236000 USD
CY2014Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
325352000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
246371000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
14941000 USD
pnw Increase Decrease Deferred Fuel And Purchased Power Amortization
IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization
18399000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-22735000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
388752000 USD
us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
199224000 USD
us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
12646000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
535975000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
23525000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
15869000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
906264000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1592515000 USD
CY2014Q2 us-gaap Cost Of Goods Sold Electric
CostOfGoodsSoldElectric
290854000 USD
us-gaap Cost Of Goods Sold Electric
CostOfGoodsSoldElectric
540640000 USD
CY2014Q2 us-gaap Amortization Of Regulatory Asset
AmortizationOfRegulatoryAsset
2000000 USD
CY2013Q2 us-gaap Amortization Of Regulatory Asset
AmortizationOfRegulatoryAsset
2000000 USD
CY2014Q2 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
172444000 USD
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2731000 USD
CY2014Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
230310000 USD
CY2014Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
83633000 USD
CY2014Q2 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
15420000 USD
CY2014Q2 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
77148000 USD
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
48457000 USD
CY2014Q2 us-gaap Decommissioning Trust Assets Amount
DecommissioningTrustAssetsAmount
682359000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
61380000 USD
CY2014Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5388667000 USD
CY2014Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
141706000 USD
CY2014Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
161707000 USD
CY2014Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
584152000 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
137037000 USD
CY2014Q2 us-gaap Nuclear Fuel Net Of Amortization
NuclearFuelNetOfAmortization
125246000 USD
CY2014Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
755174000 USD
CY2014Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
62656000 USD
CY2014Q2 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
368841000 USD
CY2014Q2 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
21502000 USD
CY2014Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
35726000 USD
CY2014Q2 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
114204000 USD
CY2014Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
165123000 USD
CY2014Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2999513000 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2396026000 USD
CY2014Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
356436000 USD
CY2014Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
439490000 USD
CY2014Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
208951000 USD
CY2014Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
22814000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
196143000 USD
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
2500064000 USD
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
189000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1808232000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
55848000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-18369000 USD
CY2014Q2 us-gaap Minority Interest
MinorityInterest
147972000 USD

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