Business Context and Reporting Period
This Form 8-K is a combined current report filed by Pinnacle West Capital Corporation and its subsidiary, Arizona Public Service Company (APS). The report covers financial results for the fiscal quarter and full year ended December 31, 2011, with the report date being February 24, 2012.
Key Financial Metrics
The filing text serves as a cover document referencing attached exhibits for detailed data. It does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this report.
- Revenue, Profit, Cash Flow, Margins: Not provided in the filing text; referenced in Exhibit 99.2 (Statistical Summary) and Exhibit 99.4 (Earnings Variance Explanations).
- Debt and Liquidity: Not provided in the filing text.
Material Changes
The filing text does not explicitly state material changes or variance figures. It indicates that explanations for earnings variances for the three and twelve months ended December 31, 2011, compared to 2010, are contained in Exhibit 99.4.
Guidance, Outlook, and Management Commentary
Management commentary and outlook are provided in the attached Earnings News Release (Exhibit 99.1) and the Slide Presentation (Exhibit 99.3) from the February 24, 2012, conference call. The filing text itself contains no specific guidance, risk factors, or unusual items.
Investor Verification Checklist
- Review Exhibit 99.2 for the consolidated statistical summary of quarterly and full-year results.
- Examine Exhibit 99.4 for detailed earnings variance explanations comparing 2011 to 2010.
- Consult Exhibit 99.1 for the official earnings news release and management commentary.
- Verify the Consolidated Statements of Income referenced in Exhibit 99.4 for specific revenue and profit figures.