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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 180,088 $ 2,122
Accounts receivable, net of allowance for uncollectible accounts 94,624 92,800
Unbilled revenues 39,011 57,092
Other receivables 13,849 11,369
Materials, supplies, and fuel stock 68,008 71,834
Regulatory assets 0 4,534
Income taxes receivable 7,630 7,965
Other current assets 53,863 54,808
Total current assets 457,073 302,524
Other Property and Investments:    
Investment securities 351,563 328,242
Equity investment in NMRD 33,528 26,564
Other investments 299 297
Non-utility property, net 6,229 3,404
Total other property and investments 391,619 358,507
Utility Plant:    
Plant in service and held for future use 7,610,093 7,548,581
Less accumulated depreciation and amortization 2,641,320 2,604,177
Net plant in service and plant held for future use 4,968,773 4,944,404
Construction work in progress 225,485 194,427
Nuclear fuel, net of accumulated amortization 95,713 95,798
Net utility plant 5,289,971 5,234,629
Deferred Charges and Other Assets:    
Regulatory assets 588,266 598,930
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 150,426  
Other deferred charges 95,106 92,664
Total deferred charges and other assets 1,112,095 969,891
Total assets 7,250,758 6,865,551
Current Liabilities:    
Short-term debt 223,800 235,900
Current installments of long-term debt 172,302 0
Accounts payable 77,893 112,170
Customer deposits 10,749 10,695
Accrued interest and taxes 71,264 65,156
Regulatory liabilities 19,245 9,446
Operating lease liabilities 26,197  
Dividends declared 23,231 23,231
Other current liabilities 39,452 55,855
Total current liabilities 664,133 512,453
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,771,939 2,670,111
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 613,989 600,719
Regulatory liabilities 889,342 891,428
Asset retirement obligations 161,685 158,674
Accrued pension liability and postretirement benefit cost 96,374 100,375
Operating lease liabilities 124,937  
Other deferred credits 169,372 167,668
Total deferred credits and other liabilities 2,055,699 1,918,864
Total liabilities 5,491,771 5,101,428
Commitments and Contingencies (Note 11)
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 11,529
Company common stockholders’ equity:    
Common stock 1,148,364 1,153,113
Accumulated other comprehensive income (loss), net of income taxes (103,239) (108,684)
Retained earnings 639,554 643,953
Total stockholders' equity 1,684,679 1,688,382
Non-controlling interest in Valencia 62,779 64,212
Total equity 1,747,458 1,752,594
Total liabilities and stockholders' equity 7,250,758 6,865,551
PNM    
Current Assets:    
Cash and cash equivalents 12,089 85
Accounts receivable, net of allowance for uncollectible accounts 68,724 68,603
Unbilled revenues 31,366 47,113
Other receivables 14,370 10,650
Affiliate receivables 8,854 15,871
Materials, supplies, and fuel stock 63,426 67,097
Regulatory assets 0 4,534
Income taxes receivable 12,940 12,850
Other current assets 43,650 43,516
Total current assets 255,419 270,319
Other Property and Investments:    
Investment securities 351,563 328,242
Other investments 93 91
Non-utility property, net 1,693 96
Total other property and investments 353,349 328,429
Utility Plant:    
Plant in service and held for future use 5,664,174 5,623,520
Less accumulated depreciation and amortization 2,033,511 2,006,266
Net plant in service and plant held for future use 3,630,663 3,617,254
Construction work in progress 143,673 134,221
Nuclear fuel, net of accumulated amortization 95,713 95,798
Net utility plant 3,870,049 3,847,273
Deferred Charges and Other Assets:    
Regulatory assets 454,987 460,903
Goodwill 51,632 51,632
Operating lease right-of-use assets, net of accumulated amortization 137,756  
Other deferred charges 78,847 77,327
Total deferred charges and other assets 723,222 589,862
Total assets 5,202,039 5,035,883
Current Liabilities:    
Short-term debt 0 42,400
Short-term debt - affiliate 0 19,800
Accounts payable 55,449 75,114
Affiliate payables 12,627 164
Customer deposits 10,749 10,695
Accrued interest and taxes 50,621 35,767
Regulatory liabilities 16,895 5,975
Operating lease liabilities 22,762  
Dividends declared 132 132
Other current liabilities 26,432 32,976
Total current liabilities 195,667 223,023
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,706,873 1,656,490
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 513,783 502,767
Regulatory liabilities 708,295 713,971
Asset retirement obligations 160,807 157,814
Accrued pension liability and postretirement benefit cost 89,338 92,981
Operating lease liabilities 115,436  
Other deferred credits 215,004 215,737
Total deferred credits and other liabilities 1,802,663 1,683,270
Total liabilities 3,705,203 3,562,783
Commitments and Contingencies (Note 11)
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 11,529
Company common stockholders’ equity:    
Common stock 1,264,918 1,264,918
Accumulated other comprehensive income (loss), net of income taxes (104,265) (110,422)
Retained earnings 261,875 242,863
Total stockholders' equity 1,422,528 1,397,359
Non-controlling interest in Valencia 62,779 64,212
Total equity 1,485,307 1,461,571
Total liabilities and stockholders' equity 5,202,039 5,035,883
Texas-New Mexico Power Company    
Current Assets:    
Cash and cash equivalents 162,357 0
Accounts receivable, net of allowance for uncollectible accounts 25,900 24,196
Unbilled revenues 7,645 9,979
Other receivables 881 1,721
Affiliate receivables 0 164
Materials, supplies, and fuel stock 4,582 4,737
Other current assets 1,373 1,114
Total current assets 202,738 41,911
Other Property and Investments:    
Other investments 206 206
Non-utility property, net 3,468 2,240
Total other property and investments 3,674 2,446
Utility Plant:    
Plant in service and held for future use 1,702,427 1,686,119
Less accumulated depreciation and amortization 491,776 487,734
Net plant in service and plant held for future use 1,210,651 1,198,385
Construction work in progress 75,332 51,459
Net utility plant 1,285,983 1,249,844
Deferred Charges and Other Assets:    
Regulatory assets 133,279 138,027
Goodwill 226,665 226,665
Operating lease right-of-use assets, net of accumulated amortization 12,160  
Other deferred charges 7,281 6,284
Total deferred charges and other assets 379,385 370,976
Total assets 1,871,780 1,665,177
Current Liabilities:    
Short-term debt 0 17,500
Current installments of long-term debt 172,302 0
Short-term debt - affiliate 0 100
Accounts payable 14,234 23,804
Affiliate payables 4,771 1,210
Accrued interest and taxes 40,892 41,882
Regulatory liabilities 2,350 3,471
Operating lease liabilities 3,023  
Other current liabilities 3,556 2,861
Total current liabilities 241,128 90,828
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 626,639 575,398
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 134,757 136,238
Regulatory liabilities 181,047 177,458
Asset retirement obligations 878 860
Accrued pension liability and postretirement benefit cost 7,036 7,394
Operating lease liabilities 9,088  
Other deferred credits 3,729 2,908
Total deferred credits and other liabilities 336,535 324,858
Total liabilities 1,204,302 991,084
Commitments and Contingencies (Note 11)
Company common stockholders’ equity:    
Common stock 64 64
Paid-in-capital 534,166 534,166
Retained earnings 133,248 139,863
Total stockholders' equity 667,478 674,093
Total liabilities and stockholders' equity $ 1,871,780 $ 1,665,177