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Arizona Public Service Co, et al. – ‘10-K’ for 12/31/09 – EX-12.3

On:  Friday, 2/19/10, at 8:02am ET   ·   For:  12/31/09   ·   Accession #:  950123-10-14366   ·   File #s:  1-04473, 1-08962

Previous ‘10-K’:  ‘10-K’ on 2/20/09 for 12/31/08   ·   Next:  ‘10-K’ on 2/18/11 for 12/31/10   ·   Latest:  ‘10-K’ on 2/27/24 for 12/31/23   ·   4 References:   

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/19/10  Arizona Public Service Co         10-K       12/31/09   19:3.1M                                   RR Donnelley/FA
          Pinnacle West Capital Corp

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.59M 
 6: EX-10.11.3  Material Contract                                   HTML    404K 
 7: EX-10.11.5  Material Contract                                   HTML    381K 
 2: EX-10.2.6.A  Material Contract                                  HTML     19K 
 3: EX-10.4.13  Material Contract                                   HTML      8K 
 4: EX-10.5.3   Material Contract                                   HTML     73K 
 5: EX-10.6.5   Material Contract                                   HTML     13K 
 8: EX-12.1     Statement re: Computation of Ratios                 HTML     17K 
 9: EX-12.2     Statement re: Computation of Ratios                 HTML     17K 
10: EX-12.3     Statement re: Computation of Ratios                 HTML     25K 
11: EX-21.1     Subsidiaries of the Registrant                      HTML     26K 
12: EX-23.1     Consent of Experts or Counsel                       HTML      9K 
13: EX-23.2     Consent of Experts or Counsel                       HTML      9K 
14: EX-31.1     Certification per Sarbanes-Oxley Act (Section 302)  HTML     14K 
15: EX-31.2     Certification per Sarbanes-Oxley Act (Section 302)  HTML     14K 
16: EX-31.3     Certification per Sarbanes-Oxley Act (Section 302)  HTML     14K 
17: EX-31.4     Certification per Sarbanes-Oxley Act (Section 302)  HTML     14K 
18: EX-32.1     Certification per Sarbanes-Oxley Act (Section 906)  HTML     11K 
19: EX-32.2     Certification per Sarbanes-Oxley Act (Section 906)  HTML     11K 


EX-12.3   —   Statement re: Computation of Ratios


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  Exhibit 12.3  

Exhibit 12.3
PINNACLE WEST CAPITAL CORPORATION
COMPUTATION OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
                                         
    Twelve Months Ended December 31,  
    2009     2008     2007     2006     2005  
Earnings:
                                       
Income from continuing operations attributable to common shareholders
  $ 82,006     $ 231,304     $ 300,436     $ 308,972     $ 223,933  
Income taxes
    37,827       76,897       152,006       151,122       127,361  
Fixed charges
    256,987       241,370       235,011       224,681       213,967  
 
                             
Total earnings
  $ 376,820     $ 549,571     $ 687,453     $ 684,775     $ 565,261  
 
                             
 
                                       
Fixed Charges:
                                       
Interest expense
  $ 233,859     $ 215,684     $ 207,827     $ 196,388     $ 184,624  
Estimated interest portion of annual rents
    23,128       25,686       27,184       28,293       29,343  
 
                             
Total fixed charges
  $ 256,987     $ 241,370     $ 235,011     $ 224,681     $ 213,967  
 
                             
 
                                       
Preferred Stock Dividend
                                       
Requirements:
                                       
Income before income taxes attributable to common shareholders
  $ 119,833     $ 308,201     $ 452,442     $ 460,094     $ 351,294  
Net income from continuing operations attributable to common shareholders
    82,006       231,304       300,436       308,972       223,933  
 
                             
Ratio of income before income taxes to net income
    1.46       1.33       1.51       1.49       1.57  
 
                             
Preferred stock dividends
                               
 
                                       
Preferred stock dividend requirements — ratio (above) times preferred stock dividends
  $     $     $       $     $  
 
                             
 
                                       
Fixed Charges and Preferred
                                       
Stock Dividend Requirements:
                                       
Fixed charges
  $ 256,987     $ 241,370     $ 235,011     $ 224,681     $ 213,967  
Preferred stock dividend requirements
                             
 
                             
Total
  $ 256,987     $ 241,370     $ 235,011     $ 224,681     $ 213,967  
 
                             
 
                                       
Ratio of Earnings to Fixed Charges (rounded down)
    1.46       2.27       2.92       3.04       2.64  
 
                             

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/19/104,  8-K
For Period End:12/31/0911-K,  8-K
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/27/24  Pinnacle West Capital Corp.       10-K       12/31/23  147:25M
 2/27/23  Pinnacle West Capital Corp.       10-K       12/31/22  146:28M
 2/25/22  Pinnacle West Capital Corp.       10-K       12/31/21  150:28M
 2/24/21  Pinnacle West Capital Corp.       10-K       12/31/20  144:26M
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Filing Submission 0000950123-10-014366   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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