XML 88 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
PNMR SEGMENT INFORMATION
 
2013
PNM
 
TNMP
 
Corporate
and Other
 
Consolidated
 
(In thousands)
Electric operating revenues
$
1,116,312

 
$
271,611

 
$
—

 
$
1,387,923

Cost of energy
374,710

 
57,606

 
—

 
432,316

Margin
741,602

 
214,005

 
—

 
955,607

Other operating expenses
428,591

 
91,601

 
(18,308
)
 
501,884

Depreciation and amortization
103,826

 
50,219

 
12,836

 
166,881

Operating income
209,185

 
72,185

 
5,472

 
286,842

Interest income
10,182

 
—

 
(139
)
 
10,043

Other income (deductions)
11,288

 
1,919

 
(13,575
)
 
(368
)
Net interest charges
(79,175
)
 
(27,393
)
 
(14,880
)
 
(121,448
)
Segment earnings (loss) before income taxes
151,480

 
46,711

 
(23,122
)
 
175,069

Income taxes (benefit)
48,804

 
17,621

 
(6,912
)
 
59,513

Segment earnings (loss)
102,676

 
29,090

 
(16,210
)
 
115,556

Valencia non-controlling interest
(14,521
)
 
—

 
—

 
(14,521
)
Subsidiary preferred stock dividends
(528
)
 
—

 
—

 
(528
)
Segment earnings (loss) attributable to PNMR
$
87,627

 
$
29,090

 
$
(16,210
)
 
$
100,507

 
 
 
 
 
 
 
 
Gross property additions
$
239,906

 
$
89,117

 
$
19,016

 
$
348,039

At December 31, 2013:
 
 
 
 
 
 
 
Total Assets
$
4,227,616

 
$
1,162,431

 
$
110,163

 
$
5,500,210

Goodwill
$
51,632

 
$
226,665

 
$
—

 
$
278,297

2012
PNM
 
TNMP
 
Corporate
and Other
 
Consolidated
 
 
 
 
 
 
 
 
Electric operating revenues
$
1,092,264

 
$
250,140

 
$
(1
)
 
$
1,342,403

Cost of energy
353,649

 
46,201

 
—

 
399,850

Margin
738,615

 
203,939

 
(1
)
 
942,553

Other operating expenses
435,442

 
87,079

 
(17,862
)
 
504,659

Depreciation and amortization
97,291

 
49,340

 
17,542

 
164,173

Operating income
205,882

 
67,520

 
319

 
273,721

Interest income
13,243

 
1

 
(172
)
 
13,072

Gain on sale of First Choice
—

 
—

 
1,012

 
1,012

Other income (deductions)
13,290

 
2,739

 
(7,954
)
 
8,075

Net interest charges
(76,101
)
 
(28,161
)
 
(16,583
)
 
(120,845
)
Segment earnings (loss) before income taxes
156,314

 
42,099

 
(23,378
)
 
175,035

Income taxes (benefit)
50,713

 
15,352

 
(11,155
)
 
54,910

Segment earnings (loss)
105,601

 
26,747

 
(12,223
)
 
120,125

Valencia non-controlling interest
(14,050
)
 
—

 
—

 
(14,050
)
Subsidiary preferred stock dividends
(528
)
 
—

 
—

 
(528
)
Segment earnings (loss) attributable to PNMR
$
91,023

 
$
26,747

 
$
(12,223
)
 
$
105,547

 
 
 
 
 
 
 
 
Gross property additions
$
196,800

 
$
92,973

 
$
19,136

 
$
308,909

At December 31, 2012:
 
 
 
 
 
 
 
Total Assets
$
4,163,907

 
$
1,086,229

 
$
122,447

 
$
5,372,583

Goodwill
$
51,632

 
$
226,665

 
$
—

 
$
278,297


2011
PNM
 
TNMP
 
First
Choice
 
Corporate
and Other
 
Consolidated
 
 
 
 
 
(In thousands)
 
 
 
 
Electric operating revenues:
 
 
 
 
 
 
 
 
 
Non-affiliates
$
1,057,289

 
$
204,045

 
$
439,450

 
$
(165
)
 
$
1,700,619

Affiliate
—

 
33,813

 
—

 
(33,813
)
 
—

Total electric operating revenues
1,057,289

 
237,858

 
439,450

 
(33,978
)
 
1,700,619

Cost of energy
362,237

 
41,166

 
323,331

 
(33,812
)
 
692,922

Margin
695,052

 
196,692

 
116,119

 
(166
)
 
1,007,697

Other operating expenses
438,822

 
88,234

 
75,966

 
(9,671
)
 
593,351

Depreciation and amortization
94,787

 
44,616

 
1,098

 
16,546

 
157,047

Operating income (loss)
161,443

 
63,842

 
39,055

 
(7,041
)
 
257,299

Interest income
15,562

 
2

 
64

 
(113
)
 
15,515

Gain on sale of First Choice
—

 
—

 
—

 
174,925

 
174,925

Other income (deductions)
4,309

 
1,580

 
(650
)
 
(15,660
)
 
(10,421
)
Net interest charges
(75,349
)
 
(29,286
)
 
(581
)
 
(19,633
)
 
(124,849
)
Segment earnings before income taxes
105,965

 
36,138

 
37,888

 
132,478

 
312,469

Income taxes
37,427

 
13,881

 
13,772

 
56,455

 
121,535

Segment earnings
68,538

 
22,257

 
24,116

 
76,023

 
190,934

Valencia non-controlling interest
(14,047
)
 
—

 
—

 
—

 
(14,047
)
Subsidiary preferred stock dividends
(528
)
 
—

 
—

 
—

 
(528
)
Segment earnings attributable to PNMR
$
53,963

 
$
22,257

 
$
24,116

 
$
76,023

 
$
176,359

 
 
 
 
 
 
 
 
 
 
Gross property additions
$
251,345

 
$
67,407

 
$
2,089

 
$
6,090

 
$
326,931

At December 31, 2011:
 
 
 
 
 
 
 
 
 
Total Assets
$
4,095,287

 
$
1,037,445

 
$
—

 
$
71,881

 
$
5,204,613

Goodwill
$
51,632

 
$
226,665

 
$
—

 
$
—

 
$
278,297