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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 47,928 $ 3,833
Accounts receivable, net of allowance for uncollectible accounts 113,410 85,889
Unbilled revenues 55,504 57,416
Other receivables 23,797 12,165
Materials, supplies, and fuel stock 66,417 77,929
Regulatory assets 202 7,373
Income taxes receivable 5,672 4,933
Other current assets 64,549 44,472
Total current assets 377,479 294,010
Other Property and Investments:    
Investment securities 440,115 388,832
Equity investment in NMRD 90,655 65,159
Other investments 284 356
Non-utility property, including financing leases 24,075 12,459
Total other property and investments 555,129 466,806
Utility Plant:    
Plant in service, held for future use, and to be abandoned 8,480,799 7,918,601
Less accumulated depreciation and amortization 2,835,170 2,713,503
Net plant in service and plant held for future use 5,645,629 5,205,098
Construction work in progress 218,719 161,106
Nuclear fuel, net of accumulated amortization of $41,367 and $42,354 100,801 99,805
Net utility plant 5,965,149 5,466,009
Deferred Charges and Other Assets:    
Regulatory assets 557,790 556,930
Goodwill 278,297 278,297
Operating lease assets, net of amortization 105,133 131,212
Other deferred charges 100,877 105,510
Total deferred charges and other assets 1,042,097 1,071,949
Total assets 7,939,854 7,298,774
Current Liabilities:    
Short-term debt 32,000 185,100
Current installments of long-term debt 575,518 490,268
Accounts payable 169,317 103,118
Customer deposits 6,606 10,585
Accrued interest and taxes 68,206 76,815
Regulatory liabilities 7,471 505
Operating lease liabilities 27,460 29,068
Dividends declared 28,243 24,625
Other current liabilities 62,841 47,397
Total current liabilities 977,662 967,481
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,719,632 2,517,449
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 694,512 626,058
Regulatory liabilities 850,228 866,243
Asset retirement obligations 183,421 181,962
Accrued pension liability and postretirement benefit cost 58,101 95,037
Operating lease liabilities 81,065 105,512
Other deferred credits 255,230 185,753
Total deferred credits and other liabilities 2,122,557 2,060,565
Total liabilities 5,819,851 5,545,495
Commitments and Contingencies (See Note 16)
Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529 11,529
Company common stockholders’ equity:    
Common stock 1,429,941 1,150,552
Accumulated other comprehensive income (loss), net of income taxes (79,183) (99,377)
Retained earnings 698,707 627,523
Total PNMR common stockholders’ equity 2,049,465 1,678,698
Non-controlling interest in Valencia 59,009 63,052
Total equity 2,108,474 1,741,750
Total liabilities and stockholders' equity $ 7,939,854 $ 7,298,774
Common stock, shares issued (in shares) 85,834,874 85,834,874
Common stock, shares outstanding (in shares) 79,653,624 79,653,624
Public Service Company of New Mexico    
Current Assets:    
Cash and cash equivalents $ 31,446 $ 1,001
Accounts receivable, net of allowance for uncollectible accounts 88,239 60,447
Unbilled revenues 43,724 46,602
Other receivables 21,814 11,039
Affiliate receivables 8,819 8,825
Materials, supplies, and fuel stock 60,472 72,225
Regulatory assets 0 7,373
Income taxes receivable 15,706 15,122
Other current assets 51,908 36,561
Total current assets 322,128 259,195
Other Property and Investments:    
Investment securities 440,115 388,832
Other investments 120 178
Non-utility property, including financing leases 9,505 4,470
Total other property and investments 449,740 393,480
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,022,753 5,753,267
Less accumulated depreciation and amortization 2,158,915 2,076,291
Net plant in service and plant held for future use 3,863,838 3,676,976
Construction work in progress 148,962 108,787
Nuclear fuel, net of accumulated amortization of $41,367 and $42,354 100,801 99,805
Net utility plant 4,113,601 3,885,568
Deferred Charges and Other Assets:    
Regulatory assets 457,953 435,467
Goodwill 51,632 51,632
Operating lease assets, net of amortization 97,461 120,585
Other deferred charges 88,518 97,064
Total deferred charges and other assets 695,564 704,748
Total assets 5,581,033 5,242,991
Current Liabilities:    
Short-term debt 10,000 58,000
Current installments of long-term debt 345,570 350,268
Accounts payable 121,050 66,746
Affiliate payables 14,058 12,524
Customer deposits 6,606 10,585
Accrued interest and taxes 32,630 43,617
Regulatory liabilities 5,419 371
Operating lease liabilities 25,130 25,927
Dividends declared 132 132
Other current liabilities 33,737 25,066
Total current liabilities 594,332 593,236
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,351,050 1,397,752
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 579,150 521,990
Regulatory liabilities 664,873 683,398
Asset retirement obligations 182,718 181,081
Accrued pension liability and postretirement benefit cost 56,273 87,838
Operating lease liabilities 75,941 97,992
Other deferred credits 201,415 155,744
Total deferred credits and other liabilities 1,760,370 1,728,043
Total liabilities 3,705,752 3,719,031
Commitments and Contingencies (See Note 16)
Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529 11,529
Company common stockholders’ equity:    
Common stock 1,494,918 1,264,918
Accumulated other comprehensive income (loss), net of income taxes (78,511) (99,055)
Retained earnings 388,336 283,516
Total PNMR common stockholders’ equity 1,804,743 1,449,379
Non-controlling interest in Valencia 59,009 63,052
Total equity 1,863,752 1,512,431
Total liabilities and stockholders' equity $ 5,581,033 $ 5,242,991
Common stock, shares issued (in shares) 39,117,799 39,117,799
Common stock, shares outstanding (in shares) 39,117,799 39,117,799
Texas-New Mexico Power Company    
Current Assets:    
Cash and cash equivalents $ 14,800 $ 1,000
Accounts receivable, net of allowance for uncollectible accounts 25,171 25,442
Unbilled revenues 11,780 10,814
Other receivables 3,703 2,713
Affiliate receivables 0 0
Materials, supplies, and fuel stock 5,945 5,704
Regulatory assets 202 0
Other current assets 1,738 1,280
Total current assets 63,339 46,953
Other Property and Investments:    
Other investments 164 178
Non-utility property, including financing leases 13,298 6,684
Total other property and investments 13,462 6,862
Utility Plant:    
Plant in service, held for future use, and to be abandoned 2,193,270 1,919,256
Less accumulated depreciation and amortization 537,707 516,795
Net plant in service and plant held for future use 1,655,563 1,402,461
Construction work in progress 61,359 42,554
Net utility plant 1,716,922 1,445,015
Deferred Charges and Other Assets:    
Regulatory assets 99,837 121,463
Goodwill 226,665 226,665
Operating lease assets, net of amortization 7,206 9,954
Other deferred charges 5,149 3,527
Total deferred charges and other assets 338,857 361,609
Total assets 2,132,580 1,860,439
Current Liabilities:    
Short-term debt 0 15,000
Accounts payable 33,620 20,598
Affiliate payables 5,883 5,419
Accrued interest and taxes 41,538 42,068
Regulatory liabilities 2,052 134
Operating lease liabilities 2,193 2,753
Other current liabilities 4,486 3,565
Total current liabilities 89,772 89,537
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 853,673 670,691
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 145,369 140,151
Regulatory liabilities 185,355 182,845
Asset retirement obligations 703 881
Accrued pension liability and postretirement benefit cost 1,828 7,199
Operating lease liabilities 4,779 7,039
Other deferred credits 25,423 7,469
Total deferred credits and other liabilities 363,457 345,584
Total liabilities 1,306,902 1,105,812
Commitments and Contingencies (See Note 16)
Company common stockholders’ equity:    
Common stock 64 64
Paid-in-capital 685,166 614,166
Retained earnings 140,448 140,397
Total PNMR common stockholders’ equity 825,678 754,627
Total liabilities and stockholders' equity $ 2,132,580 $ 1,860,439
Common stock, shares issued (in shares) 6,358 6,358
Common stock, shares outstanding (in shares) 6,358 6,358