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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Electric Operating Revenues $ 1,445,003 $ 1,362,951 $ 1,439,082
Operating Expenses:      
Cost of energy 407,479 380,596 464,649
Administrative and general 186,345 191,514 179,100
Energy production costs 137,450 146,187 176,752
Regulatory disallowances and restructuring costs 27,036 15,011 167,471
Depreciation and amortization 231,942 209,110 185,919
Transmission and distribution costs 71,576 66,227 69,157
Taxes other than income taxes 76,690 76,321 71,684
Total operating expenses 1,138,518 1,084,966 1,314,732
Operating income 306,485 277,985 124,350
Other Income and Deductions:      
Interest income 15,916 22,293 6,498
Gains on available-for-sale securities 27,161 19,517 16,060
Other income 19,515 17,796 26,833
Other (deductions) (15,693) (13,784) (12,728)
Net other income and deductions 46,899 45,822 36,663
Interest Charges 127,625 128,633 114,860
Earnings before Income Taxes 225,759 195,174 46,153
Income Taxes 130,340 63,278 15,075
Net Earnings 95,419 131,896 31,078
(Earnings) Attributable to Valencia Non-controlling Interest (15,017) (14,519) (14,910)
Preferred Stock Dividend Requirements of Subsidiary (528) (528) (528)
Net Earnings Attributable to Company 79,874 116,849 15,640
Net Earnings (Loss) Available for PNM Common Stock $ 79,874 $ 116,849 $ 15,640
Net Earnings Attributable to PNMR per Common Share:      
Basic (in dollars per share) $ 1.00 $ 1.47 $ 0.20
Diluted (in dollars per share) $ 1.00 $ 1.46 $ 0.20
Public Service Company of New Mexico      
Electric Operating Revenues $ 1,104,230 $ 1,035,913 $ 1,131,195
Operating Expenses:      
Cost of energy 321,677 299,714 391,131
Administrative and general 172,446 169,209 161,953
Energy production costs 137,450 146,187 176,752
Regulatory disallowances and restructuring costs 27,036 15,011 167,471
Depreciation and amortization 147,017 133,447 115,717
Transmission and distribution costs 42,370 39,657 43,642
Taxes other than income taxes 43,709 44,598 41,149
Total operating expenses 891,705 847,823 1,097,815
Operating income 212,525 188,090 33,380
Other Income and Deductions:      
Interest income 8,454 10,173 6,574
Gains on available-for-sale securities 27,161 19,517 16,060
Other income 13,527 12,088 19,347
Other (deductions) (10,002) (9,539) (8,493)
Net other income and deductions 39,140 32,239 33,488
Interest Charges 82,697 87,469 79,950
Earnings before Income Taxes 168,968 132,860 (13,082)
Income Taxes 81,555 40,922 (12,758)
Net Earnings 87,413 91,938 (324)
(Earnings) Attributable to Valencia Non-controlling Interest (15,017) (14,519) (14,910)
Preferred Stock Dividend Requirements of Subsidiary (528) (528) (528)
Net Earnings Attributable to Company 72,396 77,419 (15,234)
Net Earnings (Loss) Available for PNM Common Stock 71,868 76,891 (15,762)
Texas-New Mexico Power Company      
Electric Operating Revenues 340,773 327,038 307,887
Operating Expenses:      
Cost of energy 85,802 80,882 73,518
Administrative and general 39,828 39,423 36,755
Depreciation and amortization 63,146 61,126 56,285
Transmission and distribution costs 29,206 26,570 25,515
Taxes other than income taxes 29,187 27,396 25,781
Total operating expenses 247,169 235,397 217,854
Operating income 93,604 91,641 90,033
Other Income and Deductions:      
Other income 4,994 4,629 4,240
Other (deductions) (1,443) (1,427) (504)
Net other income and deductions 3,551 3,202 3,736
Interest Charges 30,084 29,335 27,681
Earnings before Income Taxes 67,071 65,508 66,088
Income Taxes 31,512 23,836 24,125
Net Earnings Attributable to Company $ 35,559 $ 41,672 $ 41,963