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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities:      
Net Earnings $ 95,419 $ 131,896 $ 31,078
Net Earnings 79,874 116,849 15,640
Adjustments to reconcile net earnings to net cash flows from operating activities:      
Depreciation and amortization 268,194 242,033 222,861
Deferred income tax expense 130,528 63,805 16,451
Net unrealized (gains) losses on commodity derivatives 2,875 1,577 5,188
Realized (gains) on available-for-sale securities (27,161) (19,517) (16,060)
Stock based compensation expense 6,194 5,634 4,863
Regulatory disallowances and restructuring costs 27,036 15,011 167,471
Allowance for equity funds used during construction (9,516) (4,949) (10,430)
Other, net 2,329 3,060 3,934
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (1,846) 2,543 (3,298)
Materials, supplies, and fuel stock 1,473 (4,169) (180)
Other current assets 32,298 (2,469) 29,370
Other assets (5,486) (42,864) 2,369
Accounts payable 14,468 3,159 (32,269)
Accrued interest and taxes (327) 3,345 4,957
Other current liabilities (6,513) (12,509) 2,633
Other liabilities (5,503) 29,868 (42,064)
Net cash flows from operating activities 524,462 415,454 386,874
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (500,461) (600,076) (558,589)
Proceeds from sales of available-for-sale securities 637,492 522,601 252,174
Purchases of available-for-sale securities (650,284) (538,383) (262,548)
Return of principal on PVNGS lessor notes 0 8,547 21,694
Investments in NMRD (4,077) 0 0
Disbursements from NMRD 12,415 0 0
Investment in Westmoreland Loan 0 (122,250) 0
Principal repayments on Westmoreland Loan 38,360 30,000 0
Other, net 392 186 2,741
Net cash flows from investing activities (466,163) (699,375) (544,528)
Cash Flows From Financing Activities:      
Short-term loan   100,000 50,000
Repayment of short-term loan 0 (150,000) 0
Revolving credit facilities borrowings (repayments), net 18,300 86,500 95,000
Long-term borrowings 317,000 603,500 463,605
Repayment of long-term debt (274,070) (303,793) (333,066)
Proceeds from stock option exercise 1,739 7,028 5,619
Awards of common stock (13,929) (15,451) (17,720)
Dividends paid (77,792) (70,623) (64,251)
Valencia’s transactions with its owner (17,742) (17,006) (17,049)
Amounts received under transmission interconnection arrangements 11,879 7,171 27
Refunds paid under transmission interconnection arrangements (21,290) (2,830) (2,338)
Other, net (2,942) (2,104) (4,396)
Net cash flows from financing activities (58,847) 242,392 175,431
Change in Cash and Cash Equivalents (548) (41,529) 17,777
Cash and Cash Equivalents at Beginning of Period 4,522 46,051 28,274
Cash and Cash Equivalents at End of Period 3,974 4,522 46,051
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 120,955 115,043 103,382
Income taxes paid (refunded), net 625 (307) (1,890)
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions (25,261) 18,345 (19,080)
Contribution of utility plant to NMRD 24,829
Public Service Company of New Mexico      
Cash Flows From Operating Activities:      
Net Earnings 87,413 91,938 (324)
Net Earnings 72,396 77,419 (15,234)
Adjustments to reconcile net earnings to net cash flows from operating activities:      
Depreciation and amortization 180,500 166,047 150,538
Deferred income tax expense 82,549 53,119 (2,836)
Net unrealized (gains) losses on commodity derivatives 2,875 1,577 5,188
Realized (gains) on available-for-sale securities (27,161) (19,517) (16,060)
Regulatory disallowances and restructuring costs 27,036 15,011 167,471
Allowance for equity funds used during construction (8,664) (4,163) (10,430)
Other, net 2,615 3,046 2,794
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (419) 4,769 (2,515)
Materials, supplies, and fuel stock 3,542 (3,924) 381
Other current assets 32,775 1,127 23,693
Other assets 15,121 (23,880) 4,194
Accounts payable 9,736 5,614 (31,139)
Accrued interest and taxes 21,523 (9,601) (5,343)
Other current liabilities (11,099) (12,136) (275)
Other liabilities (9,389) 20,119 (33,503)
Net cash flows from operating activities 408,953 289,146 251,834
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (309,142) (445,464) (404,840)
Proceeds from sales of available-for-sale securities 637,492 522,601 252,174
Purchases of available-for-sale securities (650,284) (538,383) (262,548)
Return of principal on PVNGS lessor notes 0 8,547 21,694
Other, net 33 171 2,935
Net cash flows from investing activities (321,901) (452,528) (390,585)
Cash Flows From Financing Activities:      
Revolving credit facilities borrowings (repayments), net (21,200) 61,000 0
Long-term borrowings 257,000 321,000 313,605
Repayment of long-term debt (232,000) (271,000) (214,300)
Equity contribution from parent 0 28,142 175,000
Dividends paid (61,223) (4,670) (94,968)
Valencia’s transactions with its owner (17,742) (17,006) (17,049)
Amounts received under transmission interconnection arrangements 11,879 7,171 27
Refunds paid under transmission interconnection arrangements (21,290) (2,830) (2,338)
Other, net (1,692) (1,239) (3,568)
Net cash flows from financing activities (86,268) 120,568 156,409
Change in Cash and Cash Equivalents 784 (42,814) 17,658
Cash and Cash Equivalents at Beginning of Period 324 43,138 25,480
Cash and Cash Equivalents at End of Period 1,108 324 43,138
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 77,960 82,514 69,936
Income taxes paid (refunded), net (23,391) (967) (1,450)
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions (11,792) 22,433 (17,469)
Texas-New Mexico Power Company      
Cash Flows From Operating Activities:      
Net Earnings 35,559 41,672 41,963
Adjustments to reconcile net earnings to net cash flows from operating activities:      
Depreciation and amortization 64,939 62,866 57,909
Deferred income tax expense 27,275 12,662 20,883
Allowance for equity funds used during construction (900) (800) 0
Allowance for equity funds used during construction and other, net (1,120) (772) 18
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (1,427) (2,226) (783)
Materials, supplies, and fuel stock (2,069) (245) (561)
Other current assets (1,253) (621) 3,928
Other assets (20,967) (19,126) (2,310)
Accounts payable 2,419 (2,040) (1,782)
Accrued interest and taxes (15,962) 12,690 4,317
Other current liabilities (2,236) 298 1,019
Other liabilities 1,334 6,822 (9,823)
Net cash flows from operating activities 86,492 111,980 114,778
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (145,495) (122,518) (124,584)
Net cash flows from investing activities (145,495) (122,518) (124,584)
Cash Flows From Financing Activities:      
Revolving credit facilities borrowings (repayments), net 0 (59,000) 54,000
Short-term borrowings (repayments) - affiliate, net (4,600) (7,200) (10,900)
Long-term borrowings 60,000 60,000 0
Equity contribution from parent 50,000 50,000 0
Dividends paid (44,389) (31,817) (33,248)
Other, net (979) (775) (46)
Net cash flows from financing activities 60,032 11,208 9,806
Change in Cash and Cash Equivalents 1,029 670 0
Cash and Cash Equivalents at Beginning of Period 671 1 1
Cash and Cash Equivalents at End of Period 1,700 671 1
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 29,251 26,766 26,216
Income taxes paid (refunded), net 21,436 660 290
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions $ (15,737) $ (1,271) $ (5)