Schedule I - Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule I - Condensed Financial Information of Parent Company

SCHEDULE I

PNM RESOURCES, INC.

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENTS OF EARNINGS

	Year ended December 31,
	2017			2016			2015
	(In thousands)
Operating Revenues	$	—		$	—		$	—
Operating Expenses	2,902			2,871			1,221
Operating income (loss)	(2,902		)	(2,871		)	(1,221		)
Other Income and Deductions:
Equity in earnings of subsidiaries	111,877			122,252			27,352
Other income	1,181			1,711			747
Net other income and deductions	113,058			123,963			28,099
Interest Charges	12,490			8,102			8,275
Earnings Before Income Taxes	97,666			112,990			18,603
Income Tax Expense (Benefit)	17,792			(3,859		)	2,963
Net Earnings	$	79,874		$	116,849		$	15,640

SCHEDULE I

PNM RESOURCES, INC.

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2017			2016			2015
	(In thousands)
Net Cash Flows From Operating Activities	$	(7,814	)	$	5,702		$	1,375
Cash Flows From Investing Activities:
Utility plant additions	(180		)	341			368
Investments in subsidiaries	(50,000		)	(98,343		)	(175,000		)
Cash dividends from subsidiaries	105,084			35,959			127,688
Net cash flows from investing activities	54,904			(62,043		)	(46,944		)
Cash Flows From Financing Activities:
Short-term loan	—			100,000			50,000
Repayment of short-term loan	—			(150,000		)	—
Revolving credit facility borrowings (repayments), net	42,600			84,500			41,000
Long-term borrowings	—			100,000			150,000
Repayment of long-term debt	—			—			(118,766		)
Proceeds from stock option exercise	1,739			7,028			5,619
Purchases to satisfy awards of common stock	(13,929		)	(15,451		)	(17,720		)
Dividends paid	(77,264		)	(70,095		)	(63,723		)
Other, net	(269		)	(28		)	(782		)
Net cash flows from financing activities	(47,123		)	55,954			45,628
Change in Cash and Cash Equivalents	(33		)	(387		)	59
Cash and Cash Equivalents at Beginning of Period	54			441			382
Cash and Cash Equivalents at End of Period	$	21		$	54		$	441
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	$	10,899		$	5,906		$	7,559
Income taxes paid (refunded), net	$	—		$	—		$	(730	)

SCHEDULE I

PNM RESOURCES, INC.

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

BALANCE SHEETS

	December 31,
	2017			2016
	(In thousands)
Assets
Cash and cash equivalents	$	21		$	54
Intercompany receivables	96,227			92,234
Income taxes receivable	1,818			—
Other, net	1,937			233
Total current assets	100,003			92,521
Property, plant and equipment, net of accumulated depreciation of $13,229 and $12,291	26,546			26,366
Investment in subsidiaries	2,056,198			1,986,276
Other long-term assets	66,090			79,314
Total long-term assets	2,148,834			2,091,956
	$	2,248,837		$	2,184,477
Liabilities and Stockholders’ Equity
Short-term debt	$	265,600		$	226,100
Short-term debt-affiliate	11,919			8,819
Current maturities of long-term debt	249,979			—
Accrued interest and taxes	1,661			1,333
Other current liabilities	21,274			19,374
Total current liabilities	550,433			255,626
Long-term debt	—			249,895
Other long-term liabilities	3,151			3,004
Total liabilities	553,584			508,525
Common stock (no par value; 120,000,000 shares authorized; issued and outstanding 79,653,624 shares)	1,157,665			1,163,661
Accumulated other comprehensive income (loss), net of tax	(95,940		)	(92,451		)
Retained earnings	633,528			604,742
Total common stockholders’ equity	1,695,253			1,675,952
	$	2,248,837		$	2,184,477

See Notes 6, 7, 14, and 16 for information regarding commitments, contingencies, and maturities of long-term debt.