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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities:      
Net Earnings $ 187,316,000 $ 92,131,000 $ 101,282,000
Adjustments to reconcile net earnings to net cash flows from operating activities:      
 Depreciation and amortization 314,668,000 301,068,000 275,641,000
Deferred income tax expense (benefit) 20,405,000 (25,385,000) 8,019,000
(Gains) losses on investment securities (21,599,000) (29,589,000) 17,176,000
Stock based compensation expense 8,141,000 6,414,000 7,120,000
Regulatory disallowances and restructuring costs 1,098,000 151,095,000 65,598,000
Allowance for equity funds used during construction (11,254,000) (9,478,000) (10,404,000)
Other, net 3,497,000 2,395,000 3,529,000
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (42,035,000) 3,796,000 (8,702,000)
Materials, supplies, and fuel stock 11,512,000 (6,095,000) (5,331,000)
Other current assets (8,135,000) 1,872,000 2,491,000
Other assets 29,923,000 42,803,000 (840,000)
Accounts payable 7,403,000 (272,000) (20,714,000)
Accrued interest and taxes (9,347,000) 14,691,000 1,713,000
Other current liabilities 23,740,000 (7,212,000) 2,614,000
Other liabilities (29,633,000) (35,071,000) (10,966,000)
Net cash flows from operating activities 485,700,000 503,163,000 428,226,000
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (679,028,000) (616,273,000) (501,213,000)
Proceeds from sales of investment securities 590,998,000 494,528,000 984,533,000
Purchases of investment securities (607,591,000) (513,866,000) (1,007,022,000)
Investments in NMRD (23,250,000) (38,250,000) (9,000,000)
Principal repayments on Westmoreland Loan 0 0 56,640,000
Other, net (14,928,000) (37,000) 338,000
Net cash flows from investing activities (733,799,000) (673,898,000) (475,724,000)
Cash Flows From Financing Activities:      
Short-term loan borrowings (repayments) 0 (150,000,000) 50,000,000
Revolving credit facilities borrowings (repayments), net (153,100,000) 99,200,000 (119,500,000)
Long-term borrowings 1,267,845,000 745,000,000 984,652,000
Repayment of long-term debt (977,845,000) (407,302,000) (750,162,000)
Issuance of common stock 283,208,000 0 0
Proceeds from stock option exercise 24,000 943,000 963,000
Awards of common stock (11,984,000) (9,918,000) (12,635,000)
Dividends paid (98,502,000) (92,926,000) (84,961,000)
Valencia’s transactions with its owner (18,056,000) (15,401,000) (17,095,000)
Amounts received under transmission interconnection arrangements 11,452,000 10,015,000 4,060,000
Refunds paid under transmission interconnection arrangements (5,905,000) (4,325,000) (2,830,000)
Other, net (4,943,000) (2,840,000) (6,846,000)
Net cash flows from financing activities 292,194,000 172,446,000 45,646,000
Change in Cash and Cash Equivalents 44,095,000 1,711,000 (1,852,000)
Cash and Cash Equivalents at Beginning of Year 3,833,000 2,122,000 3,974,000
Cash and Cash Equivalents at End of Year 47,928,000 3,833,000 2,122,000
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 106,575,000 115,476,000 119,308,000
Income taxes paid (refunded), net 969,000 (2,929,000) 842,000
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions (58,796,000) 8,781,000 (11,502,000)
Contribution of utility plant to NMRD 801,000 0 578,000
Public Service Company of New Mexico      
Cash Flows From Operating Activities:      
Net Earnings 160,014,000 55,422,000 70,323,000
Net earnings 146,001,000 41,181,000 55,211,000
Adjustments to reconcile net earnings to net cash flows from operating activities:      
 Depreciation and amortization 198,418,000 191,213,000 182,355,000
Deferred income tax expense (benefit) 22,442,000 (20,145,000) 3,334,000
(Gains) losses on investment securities (21,599,000) (29,589,000) 17,176,000
Regulatory disallowances and restructuring costs 1,098,000 150,599,000 66,339,000
Allowance for equity funds used during construction (6,958,000) (6,656,000) (8,173,000)
Other, net 4,950,000 2,697,000 3,395,000
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (41,340,000) 5,877,000 (7,959,000)
Materials, supplies, and fuel stock 11,753,000 (5,128,000) (6,238,000)
Other current assets (2,718,000) (1,453,000) (468,000)
Other assets 24,882,000 31,409,000 6,894,000
Accounts payable 6,267,000 (3,617,000) (14,290,000)
Accrued interest and taxes (11,572,000) 5,579,000 (7,617,000)
Other current liabilities 16,682,000 18,002,000 (17,975,000)
Other liabilities (36,556,000) (39,087,000) (3,761,000)
Net cash flows from operating activities 325,763,000 355,123,000 283,335,000
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (335,055,000) (341,847,000) (255,627,000)
Proceeds from sales of investment securities 590,998,000 494,528,000 984,533,000
Purchases of investment securities (607,591,000) (513,866,000) (1,007,022,000)
Other, net (14,942,000) (87,000) 544,000
Net cash flows from investing activities (366,590,000) (361,272,000) (277,572,000)
Cash Flows From Financing Activities:      
Short-term loan borrowings (repayments) (48,000,000) 15,600,000 2,600,000
Short-term borrowings (repayments) - affiliate, net 0 (19,800,000) 19,800,000
Long-term borrowings 852,845,000 290,000,000 450,000,000
Repayment of long-term debt (902,845,000) (200,000,000) (450,025,000)
Equity contribution from parent 230,000,000 0 0
Dividends paid (41,181,000) (528,000) (77,904,000)
Valencia’s transactions with its owner (18,056,000) (15,401,000) (17,095,000)
Amounts received under transmission interconnection arrangements 4,050,000 10,015,000 72,260,000
Refunds paid under transmission interconnection arrangements (5,905,000) (72,525,000) (2,830,000)
Other, net 364,000 (296,000) (3,592,000)
Net cash flows from financing activities 71,272,000 7,065,000 (6,786,000)
Change in Cash and Cash Equivalents 30,445,000 916,000 (1,023,000)
Cash and Cash Equivalents at Beginning of Year 1,001,000 85,000 1,108,000
Cash and Cash Equivalents at End of Year 31,446,000 1,001,000 85,000
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 60,663,000 65,445,000 73,029,000
Income taxes paid (refunded), net 0 (3,544,000) 134,000
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions (48,037,000) 4,751,000 (12,310,000)
Texas-New Mexico Power Company      
Cash Flows From Operating Activities:      
Net earnings 58,585,000 55,799,000 51,591,000
Adjustments to reconcile net earnings to net cash flows from operating activities:      
 Depreciation and amortization 89,010,000 85,453,000 68,078,000
Deferred income tax expense (benefit) (7,773,000) (7,650,000) 1,780,000
Regulatory disallowances and restructuring costs 0 496,000 (741,000)
Allowance for equity funds used during construction (4,300,000) (2,800,000) (2,200,000)
Allowance for equity funds used during construction and other, net (4,305,000) (2,808,000) (2,048,000)
Other, net
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (695,000) (2,081,000) (744,000)
Materials, supplies, and fuel stock (241,000) (967,000) 907,000
Other current assets (1,291,000) (798,000) 1,929,000
Other assets 8,553,000 8,366,000 (7,174,000)
Accounts payable 1,607,000 1,829,000 (4,199,000)
Accrued interest and taxes (530,000) 186,000 12,263,000
Other current liabilities 2,518,000 771,000 6,719,000
Other liabilities 2,135,000 (1,004,000) (6,610,000)
Net cash flows from operating activities 147,573,000 137,592,000 121,751,000
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (321,505,000) (254,006,000) (223,448,000)
Net cash flows from investing activities (321,505,000) (254,006,000) (223,448,000)
Cash Flows From Financing Activities:      
Short-term loan borrowings (repayments) (15,000,000) (2,500,000) 17,500,000
Short-term borrowings (repayments) - affiliate, net 0 (100,000) 100,000
Long-term borrowings 185,000,000 305,000,000 95,000,000
Repayment of long-term debt 0 (207,302,000) 0
Equity contribution from parent 71,000,000 80,000,000 30,000,000
Dividends paid (58,534,000) (55,265,000) (41,903,000)
Amounts received under transmission interconnection arrangements 7,402,000 0 0
Other, net (2,136,000) (2,419,000) (700,000)
Net cash flows from financing activities 187,732,000 117,414,000 99,997,000
Change in Cash and Cash Equivalents 13,800,000 1,000,000 (1,700,000)
Cash and Cash Equivalents at Beginning of Year 1,000,000 0 1,700,000
Cash and Cash Equivalents at End of Year 14,800,000 1,000,000 0
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 28,114,000 28,055,000 28,629,000
Income taxes paid (refunded), net 16,790,000 13,611,000 4,266,000
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions $ (11,415,000) $ 5,035,000 $ 1,810,000