Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows From Operating Activities:
Net Earnings	$ 21,662	$ 18,799
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	73,946	67,748
Deferred income tax expense	1,122	767
(Gains) on investment securities	(14,014)	(288)
Stock based compensation expense	3,257	2,894
Regulatory disallowances and restructuring costs	1,345	0
Allowance for equity funds used during construction	(2,049)	(2,487)
Other, net	444	729
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues	15,842	18,215
Materials and supplies	3,826	(2,976)
Other current assets	(1,778)	2,345
Other assets	13,463	(443)
Accounts payable	(7,642)	(26,953)
Accrued interest and taxes	6,443	13,370
Other current liabilities	2,060	(9,397)
Other liabilities	(13,243)	(3,397)
Net cash flows from operating activities	104,684	78,926
Cash Flows From Investing Activities:
Additions to utility plant	(141,986)	(117,691)
Proceeds from sales of investment securities	74,460	626,729
Purchases of investment securities	(77,363)	(628,999)
Principal repayments on Westmoreland Loan	0	5,649
Investments in NMRD	(7,000)	(5,000)
Other, net	(13)	128
Net cash flows from investing activities	(151,902)	(119,184)
Cash Flows From Financing Activities:
Revolving credit facilities borrowings (repayments), net	(12,100)	(66,700)
Long-term borrowings	475,000	299,652
Repayment of long-term debt	(200,000)	(155,026)
Proceeds from stock option exercise	930	802
Awards of common stock	(8,936)	(10,845)
Dividends paid	(23,232)	(21,240)
Valencia’s transactions with its owner	(4,263)	(4,472)
Debt issuance costs and other, net	(2,215)	(2,104)
Net cash flows from financing activities	225,184	40,067
Change in Cash, Restricted Cash, and Equivalents	177,966	(191)
Cash, Restricted Cash, and Equivalents at End of Period	180,088	3,783
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	20,518	15,305
Income taxes paid (refunded), net	(235)	(8)
Supplemental schedule of noncash investing activities:
(Increase) decrease in accrued plant additions	26,636	16,003
PNM
Cash Flows From Operating Activities:
Net Earnings	21,974	11,514
Net earnings	19,144	7,837
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	47,218	45,165
Deferred income tax expense	2,063	(253)
(Gains) on investment securities	(14,014)	(288)
Regulatory disallowances and restructuring costs	1,345	0
Allowance for equity funds used during construction	(1,807)	(2,031)
Other, net	432	729
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues	15,212	15,100
Materials and supplies	3,671	(2,247)
Other current assets	(4,098)	(248)
Other assets	10,399	3,999
Accounts payable	(8,257)	(18,014)
Accrued interest and taxes	14,764	17,984
Other current liabilities	32,683	(13,868)
Other liabilities	(13,524)	(4,381)
Net cash flows from operating activities	108,061	53,161
Cash Flows From Investing Activities:
Additions to utility plant	(75,876)	(61,720)
Proceeds from sales of investment securities	74,460	626,729
Purchases of investment securities	(77,363)	(628,999)
Other, net	(48)	128
Net cash flows from investing activities	(78,827)	(63,862)
Cash Flows From Financing Activities:
Revolving credit facilities borrowings (repayments), net	(42,400)	(39,800)
Short-term borrowings (repayments) – affiliate, net	(19,800)	54,600
Long-term borrowings	250,000	0
Repayment of long-term debt	(200,000)	0
Dividends paid	(132)	(132)
Valencia’s transactions with its owner	(4,263)	(4,472)
Debt issuance costs and other, net	(635)	(584)
Net cash flows from financing activities	(17,230)	9,612
Change in Cash, Restricted Cash, and Equivalents	12,004	(1,089)
Cash, Restricted Cash, and Equivalents at End of Period	12,089	19
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	9,070	9,560
Income taxes paid (refunded), net	0	0
Supplemental schedule of noncash investing activities:
(Increase) decrease in accrued plant additions	11,407	2,682
Texas-New Mexico Power Company
Cash Flows From Operating Activities:
Net earnings	4,098	9,413
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	20,514	16,836
Deferred income tax expense	(4,343)	(953)
Allowance for equity funds used during construction	(231)	(456)
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues	630	3,115
Materials and supplies	155	(729)
Other current assets	581	331
Other assets	2,712	(3,055)
Accounts payable	1,075	(4,400)
Accrued interest and taxes	(990)	(1,952)
Other current liabilities	3,190	5,874
Other liabilities	(1,536)	1,456
Net cash flows from operating activities	25,855	25,480
Cash Flows From Investing Activities:
Additions to utility plant	(58,624)	(49,956)
Net cash flows from investing activities	(58,624)	(49,956)
Cash Flows From Financing Activities:
Revolving credit facilities borrowings (repayments), net	(17,500)	21,200
Short-term borrowings (repayments) – affiliate, net	(100)	2,600
Long-term borrowings	225,000	0
Dividends paid	(10,713)	(1,024)
Debt issuance costs and other, net	(1,561)	0
Net cash flows from financing activities	195,126	22,776
Cash, Restricted Cash, and Equivalents at End of Period	162,357
Change in Cash and Cash Equivalents	162,357	(1,700)
Cash and Cash Equivalents at Beginning of Period	0	1,700
Cash and Cash Equivalents at End of Period	162,357	0
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	3,829	1,830
Income taxes paid (refunded), net	(235)	(8)
Supplemental schedule of noncash investing activities:
(Increase) decrease in accrued plant additions	$ 10,646	$ 9,868