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PINNACLE WEST   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Operating Revenues3,803.843,586.983,471.213,691.253,565.303,498.683,495.443,491.633,454.633,301.80
Revenues : Marketing and trading--------------------
Revenues : Real estate segment--------------------
Revenues : Regulated electricity segment--------------------
Revenues : Other revenues--------------------
Total Revenue3,803.843,586.983,471.213,691.253,565.303,498.683,495.44--3,454.633,301.80
Regulated electricity segment fuel and purchased power1,152.55993.421,042.241,076.12981.301,075.511,101.301,179.831,095.71994.79
Marketing and trading segment fuel and purchased power--------------------
Operations and maintenance954.07958.91941.621,036.74949.11931.69868.38908.03924.73884.77
Depreciation and amortization650.88614.38590.93582.35534.12485.83494.42417.36415.71404.34
Taxes other than income taxes234.64224.84218.58212.85184.35166.50171.81172.30164.17159.32
Real estate segment operations--------------------
Regulatory disallowance--------------------
Other expenses(6.39)(7.29)(5.89)(9.50)(6.66)(3.54)(4.93)(2.88)(7.99)(6.83)
Total Operating Expenses2,998.532,798.832,799.252,917.562,655.532,663.072,640.842,680.392,608.312,450.05
Operating income (loss)805.31788.15671.96773.69909.76835.61854.60811.24846.32851.76
Interest charges254.31247.50235.25243.47219.80205.72194.96200.95201.89214.62
Capitalized interest--------------------
Preferred stock dividend requirements of APS--------------------
Allowance for equity funds used during construction41.7433.7831.4352.3247.0142.1435.2230.7925.5822.44
Allowance for borrowed funds used during construction21.0518.5318.5325.1822.1119.9716.2615.4614.8614.97
Other Income45.1056.7050.2624.904.010.900.629.611.701.61
Other expense(25.40)(57.78)(17.88)(17.97)(21.54)(15.34)(17.82)(21.75)(16.02)(19.84)
Pension and other postretirement non-service credits - net112.5456.3422.9949.7924.6620.37--------
Income from Continuing Operations Before Income Taxes746.03648.23542.04664.44766.22697.94693.91644.40670.56656.31
Provision for Income taxes110.0978.17(15.77)133.90258.27236.41237.72220.71230.59237.32
Current Federal(5.04)11.87(13.55)18.3811.628.63(12.34)25.05(81.78)(3.49)
Current State2.461.933.203.343.051.264.7610.3810.548.40
Deferred : Income from continuing operations--------------------
Deferred : Discontinued operations--------------------
Income tax expense (benefit)on discontinued operations------------------(3.81)
Deferred : Federal95.3353.40(14.98)94.72223.73201.74221.51167.37279.97200.32
Deferred : State17.3410.979.5717.4619.8724.7823.7917.9021.8728.28
Income from continuing operations----------------439.97418.99
INCOME (LOSS)FROM DISCONTINUED OPERATIONS------------------(5.83)
Extraordinary charge - net of income--------------------
Cumulative effect of a change in accounting for trading activities--------------------
Cumulative Effect of a Change in Accounting for Derivatives--------------------
Consolidated Net Income (Loss)635.94570.05557.81530.54507.95461.53456.19423.70439.97413.16
Net loss attributable to noncontrolling interests17.2219.4919.4919.4919.4919.4918.9326.1033.8931.62
Net Income (Loss) Available to Common Shareholders618.72550.56538.32511.05488.46442.03437.26397.60406.07381.54
Income from continuing operations - basic------------------3.54
Income from Discontinued operations - basic--------------------
Net income - basic5.484.894.794.564.373.973.943.593.693.48
Income from continuing operations - diluted------------------3.50
Income from Discontinued operation - diluted--------------------
Net income - diluted5.474.874.774.544.353.953.923.583.663.45
Weighted Average Shares Outstanding (Basic)112.91112.67112.44112.13111.84111.41111.03110.63109.98109.51
Weighted Average Shares Outstanding (Diluted)113.19112.94112.76112.55112.37112.05111.55111.18110.81110.53