XML 33 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Electric Operating Revenues $ 1,362,951 $ 1,439,082 $ 1,435,853
Operating Expenses:      
Cost of energy 380,596 464,649 471,556
Administrative and general 191,514 179,100 171,111
Energy production costs 146,187 176,752 185,638
Regulatory disallowances and restructuring costs 15,011 167,471 1,062
Depreciation and amortization 209,110 185,919 172,634
Transmission and distribution costs 66,227 69,157 66,571
Taxes other than income taxes 76,321 71,684 67,584
Total operating expenses 1,084,966 1,314,732 1,136,156
Operating income 277,985 124,350 299,697
Other Income and Deductions:      
Interest income 22,293 6,498 8,483
Gains on available-for-sale securities 19,517 16,060 10,527
Other income 17,796 26,833 12,048
Other (deductions) (13,784) (12,728) (10,481)
Net other income and deductions 45,822 36,663 20,577
Interest Charges 128,633 114,860 119,627
Earnings before Income Taxes 195,174 46,153 200,647
Income Taxes 63,278 15,075 69,738
Net Earnings 131,896 31,078 130,909
(Earnings) Attributable to Valencia Non-controlling Interest (14,519) (14,910) (14,127)
Preferred Stock Dividend Requirements of Subsidiary (528) (528) (528)
Net Earnings Attributable to Company 116,849 15,640 116,254
Net Earnings (Loss) Available for PNM Common Stock $ 116,849 $ 15,640 $ 116,254
Net Earnings Attributable to PNMR per Common Share:      
Basic (dollars per share) $ 1.47 $ 0.20 $ 1.46
Diluted (dollars per share) $ 1.46 $ 0.20 $ 1.45
Public Service Company of New Mexico [Member]      
Electric Operating Revenues $ 1,035,913 $ 1,131,195 $ 1,147,914
Operating Expenses:      
Cost of energy 299,714 391,131 403,626
Administrative and general 169,209 161,953 152,645
Energy production costs 146,187 176,752 185,638
Regulatory disallowances and restructuring costs 15,011 167,471 1,062
Depreciation and amortization 133,447 115,717 109,524
Transmission and distribution costs 39,657 43,642 43,128
Taxes other than income taxes 44,598 41,149 39,578
Total operating expenses 847,823 1,097,815 935,201
Operating income 188,090 33,380 212,713
Other Income and Deductions:      
Interest income 10,173 6,574 8,557
Gains on available-for-sale securities 19,517 16,060 10,527
Other income 12,088 19,347 8,949
Other (deductions) (9,539) (8,493) (7,218)
Net other income and deductions 32,239 33,488 20,815
Interest Charges 87,469 79,950 79,442
Earnings before Income Taxes 132,860 (13,082) 154,086
Income Taxes 40,922 (12,758) 52,633
Net Earnings 91,938 (324) 101,453
(Earnings) Attributable to Valencia Non-controlling Interest (14,519) (14,910) (14,127)
Preferred Stock Dividend Requirements of Subsidiary (528) (528) (528)
Net Earnings Attributable to Company 77,419 (15,234) 87,326
Net Earnings (Loss) Available for PNM Common Stock 76,891 (15,762) 86,798
Texas-New Mexico Power Company [Member]      
Electric Operating Revenues 327,038 307,887 287,939
Operating Expenses:      
Cost of energy 80,882 73,518 67,930
Administrative and general 39,423 36,755 36,982
Depreciation and amortization 61,126 56,285 50,056
Transmission and distribution costs 26,570 25,515 23,443
Taxes other than income taxes 27,396 25,781 23,940
Total operating expenses 235,397 217,854 202,351
Operating income 91,641 90,033 85,588
Other Income and Deductions:      
Other income 4,629 4,240 2,865
Other (deductions) (1,427) (504) (727)
Net other income and deductions 3,202 3,736 2,138
Interest Charges 29,335 27,681 27,396
Earnings before Income Taxes 65,508 66,088 60,330
Income Taxes 23,836 24,125 22,523
Net Earnings Attributable to Company $ 41,672 $ 41,963 $ 37,807