XML 37 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 3,974,000 $ 4,522,000
Accounts receivable, net of allowance for uncollectible accounts 90,473,000 87,012,000
Unbilled revenues 54,055,000 58,284,000
Other receivables 17,582,000 28,245,000
Current portion of Westmoreland Loan 3,576,000 38,360,000
Materials, supplies, and fuel stock 66,502,000 73,027,000
Regulatory assets 2,933,000 3,855,000
Commodity derivative instruments 1,088,000 5,224,000
Income taxes receivable 6,879,000 6,066,000
Other current assets 47,358,000 73,444,000
Total current assets 294,420,000 378,039,000
Other Property and Investments:    
Long-term portion of Westmoreland Loan 53,064,000 56,640,000
Available-for-sale securities 323,524,000 272,977,000
Equity investment in NMRD 16,510,000 0
Other investments 503,000 547,000
Non-utility property 3,404,000 3,404,000
Total other property and investments 397,005,000 333,568,000
Utility Plant:    
Plant in service, held for future use, and to be abandoned 7,238,285,000 6,944,534,000
Less accumulated depreciation and amortization 2,592,692,000 2,334,938,000
Net plant in service and plant held for future use 4,645,593,000 4,609,596,000
Construction work in progress 245,933,000 208,206,000
Nuclear fuel, net of accumulated amortization 88,701,000 86,913,000
Net utility plant 4,980,227,000 4,904,715,000
Deferred Charges and Other Assets:    
Regulatory assets 600,672,000 501,223,000
Goodwill 278,297,000 278,297,000
Commodity derivative instruments 3,556,000 0
Other deferred charges 91,926,000 75,238,000
Total deferred charges and other assets 974,451,000 854,758,000
Total assets 6,646,103,000 6,471,080,000
Current Liabilities:    
Short-term debt 305,400,000 287,100,000
Current installments of long-term debt 256,895,000 273,348,000
Accounts payable 121,383,000 86,705,000
Customer deposits 11,028,000 11,374,000
Accrued interest and taxes 62,357,000 61,871,000
Regulatory liabilities 2,309,000 3,609,000
Commodity derivative instruments 1,182,000 2,339,000
Dividends declared 21,240,000 19,448,000
Other current liabilities 53,850,000 59,314,000
Total current liabilities 835,644,000 805,108,000
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,180,750,000 2,119,364,000
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 547,210,000 940,650,000
Regulatory liabilities 933,578,000 455,649,000
Asset retirement obligations 146,679,000 127,519,000
Accrued pension liability and postretirement benefit cost 94,003,000 125,844,000
Commodity derivative instruments 3,556,000 0
Other deferred credits 131,706,000 140,545,000
Total deferred credits and other liabilities 1,856,732,000 1,790,207,000
Total liabilities 4,873,126,000 4,714,679,000
Commitments and Contingencies (See Note 16)
Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529,000 11,529,000
Company common stockholders’ equity:    
Common stock outstanding 1,157,665,000 1,163,661,000
Accumulated other comprehensive income (loss), net of income taxes (95,940,000) (92,451,000)
Retained earnings 633,528,000 604,742,000
Total PNMR common stockholders’ equity 1,695,253,000 1,675,952,000
Non-controlling interest in Valencia 66,195,000 68,920,000
Total equity 1,761,448,000 1,744,872,000
Total liabilities and stockholders' equity 6,646,103,000 6,471,080,000
Public Service Company of New Mexico    
Current Assets:    
Cash and cash equivalents 1,108,000 324,000
Accounts receivable, net of allowance for uncollectible accounts 67,227,000 65,003,000
Unbilled revenues 43,869,000 48,289,000
Other receivables 14,541,000 25,514,000
Affiliate receivables 9,486,000 8,886,000
Materials, supplies, and fuel stock 60,859,000 64,401,000
Regulatory assets 2,139,000 3,442,000
Commodity derivative instruments 1,088,000 5,224,000
Income taxes receivable 3,410,000 25,807,000
Other current assets 39,904,000 67,355,000
Total current assets 243,631,000 314,245,000
Other Property and Investments:    
Available-for-sale securities 323,524,000 272,977,000
Other investments 283,000 316,000
Non-utility property 96,000 96,000
Total other property and investments 323,903,000 273,389,000
Utility Plant:    
Plant in service, held for future use, and to be abandoned 5,501,070,000 5,359,211,000
Less accumulated depreciation and amortization 2,029,534,000 1,809,528,000
Net plant in service and plant held for future use 3,471,536,000 3,549,683,000
Construction work in progress 204,079,000 158,122,000
Nuclear fuel, net of accumulated amortization 88,701,000 86,913,000
Net utility plant 3,764,316,000 3,794,718,000
Deferred Charges and Other Assets:    
Regulatory assets 459,239,000 365,413,000
Goodwill 51,632,000 51,632,000
Commodity derivative instruments 3,556,000 0
Other deferred charges 75,286,000 68,149,000
Total deferred charges and other assets 589,713,000 485,194,000
Total assets 4,921,563,000 4,867,546,000
Current Liabilities:    
Short-term debt 39,800,000 61,000,000
Short-term debt - affiliate 0 0
Current installments of long-term debt 23,000 231,880,000
Accounts payable 77,094,000 55,566,000
Affiliate payables 22,875,000 23,183,000
Customer deposits 11,028,000 11,374,000
Accrued interest and taxes 33,945,000 34,819,000
Regulatory liabilities 784,000 3,517,000
Commodity derivative instruments 1,182,000 2,339,000
Dividends declared 132,000 132,000
Other current liabilities 31,633,000 33,551,000
Total current liabilities 218,496,000 457,361,000
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,657,887,000 1,399,489,000
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 449,012,000 748,666,000
Regulatory liabilities 754,441,000 423,701,000
Asset retirement obligations 145,707,000 126,601,000
Accrued pension liability and postretirement benefit cost 86,124,000 114,427,000
Commodity derivative instruments 3,556,000 0
Other deferred credits 106,442,000 118,980,000
Total deferred credits and other liabilities 1,545,282,000 1,532,375,000
Total liabilities 3,421,665,000 3,389,225,000
Commitments and Contingencies (See Note 16)
Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529,000 11,529,000
Company common stockholders’ equity:    
Common stock outstanding 1,264,918,000 1,264,918,000
Accumulated other comprehensive income (loss), net of income taxes (97,093,000) (92,428,000)
Retained earnings 254,349,000 225,382,000
Total PNMR common stockholders’ equity 1,422,174,000 1,397,872,000
Non-controlling interest in Valencia 66,195,000 68,920,000
Total equity 1,488,369,000 1,466,792,000
Total liabilities and stockholders' equity 4,921,563,000 4,867,546,000
Texas-New Mexico Power Company    
Current Assets:    
Cash and cash equivalents 1,700,000 671,000
Accounts receivable, net of allowance for uncollectible accounts 23,246,000 22,009,000
Unbilled revenues 10,186,000 9,995,000
Other receivables 2,860,000 2,090,000
Affiliate receivables 336,000 0
Materials, supplies, and fuel stock 5,643,000 8,626,000
Regulatory assets 794,000 413,000
Other current assets 1,131,000 1,031,000
Total current assets 45,896,000 44,835,000
Other Property and Investments:    
Other investments 220,000 231,000
Non-utility property 2,240,000 2,240,000
Total other property and investments 2,460,000 2,471,000
Utility Plant:    
Plant in service, held for future use, and to be abandoned 1,504,778,000 1,380,584,000
Less accumulated depreciation and amortization 460,858,000 429,397,000
Net plant in service and plant held for future use 1,043,920,000 951,187,000
Construction work in progress 34,350,000 16,978,000
Net utility plant 1,078,270,000 968,165,000
Deferred Charges and Other Assets:    
Regulatory assets 141,433,000 135,810,000
Goodwill 226,665,000 226,665,000
Other deferred charges 6,046,000 5,277,000
Total deferred charges and other assets 374,144,000 367,752,000
Total assets 1,500,770,000 1,383,223,000
Current Liabilities:    
Short-term debt - affiliate 0 4,600,000
Accounts payable 29,812,000 16,709,000
Affiliate payables 667,000 3,793,000
Accrued interest and taxes 29,619,000 45,581,000
Regulatory liabilities 1,525,000 92,000
Other current liabilities 2,450,000 2,134,000
Total current liabilities 64,073,000 72,909,000
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 480,620,000 420,875,000
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 126,415,000 245,785,000
Regulatory liabilities 179,137,000 31,948,000
Asset retirement obligations 793,000 754,000
Accrued pension liability and postretirement benefit cost 7,879,000 11,417,000
Other deferred credits 7,448,000 6,300,000
Total deferred credits and other liabilities 321,672,000 296,204,000
Total liabilities 866,365,000 789,988,000
Commitments and Contingencies (See Note 16)
Company common stockholders’ equity:    
Common stock outstanding 64,000 64,000
Paid-in-capital 504,166,000 454,166,000
Retained earnings 130,175,000 139,005,000
Total PNMR common stockholders’ equity 634,405,000 593,235,000
Total liabilities and stockholders' equity $ 1,500,770,000 $ 1,383,223,000