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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Dec. 31, 2018
Current Assets:        
Cash and cash equivalents $ 2,823 $ 3,833 $ 4,226 $ 2,122
Accounts receivable, net of allowance for credit losses 96,209 85,889    
Unbilled revenues 70,480 57,416    
Other receivables 10,349 12,165    
Materials, supplies, and fuel stock 69,676 77,929    
Regulatory assets 21,574 7,373    
Income taxes receivable 4,494 4,933    
Other current assets 51,279 44,472    
Total current assets 326,884 294,010    
Other Property and Investments:        
Investment securities 389,452 388,832    
Equity investment in NMRD 84,037 65,159    
Other investments 336 356    
Non-utility property, net 19,679 12,459    
Total other property and investments 493,504 466,806    
Utility Plant:        
Plant in service, held for future use, and to be abandoned 8,030,505 7,918,601    
Less accumulated depreciation and amortization 2,773,434 2,713,503    
Net plant in service and plant held for future use 5,257,071 5,205,098    
Construction work in progress 309,513 161,106    
Nuclear fuel, net of accumulated amortization 101,994 99,805    
Net utility plant 5,668,578 5,466,009    
Deferred Charges and Other Assets:        
Regulatory assets 582,586 556,930    
Goodwill 278,297 278,297 278,297  
Operating lease right-of-use assets, net of accumulated amortization 118,140 131,212    
Other deferred charges 106,478 105,510    
Total deferred charges and other assets 1,085,501 1,071,949    
Assets 7,574,467 7,298,774 7,048,667  
Current Liabilities:        
Short-term debt 252,549 185,100    
Current installments of long-term debt 779,372 490,268    
Accounts payable 75,933 103,118    
Customer deposits 10,004 10,585    
Accrued interest and taxes 60,807 76,815    
Regulatory liabilities 3,659 505    
Operating lease liabilities 26,744 29,068    
Dividends declared 132 24,625    
Other current liabilities 56,574 47,397    
Total current liabilities 1,265,774 967,481    
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,437,246 2,517,449    
Deferred Credits and Other Liabilities:        
Accumulated deferred income taxes 647,883 626,058    
Regulatory liabilities 867,953 866,243    
Asset retirement obligations 181,805 181,962    
Accrued pension liability and postretirement benefit cost 87,248 95,037    
Operating lease liabilities 91,320 105,512    
Other deferred credits 227,282 185,753    
Total deferred credits and other liabilities 2,103,491 2,060,565    
Total liabilities 5,806,511 5,545,495    
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 1,143,822 1,150,552    
Accumulated other comprehensive income (loss), net of income taxes (92,581) (99,377)    
Retained earnings 645,259 627,523    
Total stockholders' equity 1,696,500 1,678,698    
Non-controlling interest in Valencia 59,927 63,052    
Total equity 1,756,427 1,741,750 1,674,740 1,752,594
Total liabilities and stockholders' equity 7,574,467 7,298,774    
PNM        
Current Assets:        
Cash and cash equivalents 946 1,001 2,239 85
Accounts receivable, net of allowance for credit losses 66,618 60,447    
Unbilled revenues 58,592 46,602    
Other receivables 9,459 11,039    
Affiliate receivables 8,941 8,825    
Materials, supplies, and fuel stock 63,452 72,225    
Regulatory assets 17,722 7,373    
Income taxes receivable 15,448 15,122    
Other current assets 40,114 36,561    
Total current assets 281,292 259,195    
Other Property and Investments:        
Investment securities 389,452 388,832    
Other investments 158 178    
Non-utility property, net 7,587 4,470    
Total other property and investments 397,197 393,480    
Utility Plant:        
Plant in service, held for future use, and to be abandoned 5,807,772 5,753,267    
Less accumulated depreciation and amortization 2,112,706 2,076,291    
Net plant in service and plant held for future use 3,695,066 3,676,976    
Construction work in progress 175,076 108,787    
Nuclear fuel, net of accumulated amortization 101,994 99,805    
Net utility plant 3,972,136 3,885,568    
Deferred Charges and Other Assets:        
Regulatory assets 471,696 435,467    
Goodwill 51,632 51,632    
Operating lease right-of-use assets, net of accumulated amortization 109,042 120,585    
Other deferred charges 94,427 97,064    
Total deferred charges and other assets 726,797 704,748    
Assets 5,377,422 5,242,991    
Current Liabilities:        
Short-term debt 87,055 58,000    
Current installments of long-term debt 189,921 350,268    
Accounts payable 52,418 66,746    
Affiliate payables 15,708 12,524    
Customer deposits 10,004 10,585    
Accrued interest and taxes 34,439 43,617    
Regulatory liabilities 2,741 371    
Operating lease liabilities 24,039 25,927    
Dividends declared 132 132    
Other current liabilities 31,051 25,066    
Total current liabilities 447,508 593,236    
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,656,684 1,397,752    
Deferred Credits and Other Liabilities:        
Accumulated deferred income taxes 540,434 521,990    
Regulatory liabilities 676,454 683,398    
Asset retirement obligations 180,888 181,081    
Accrued pension liability and postretirement benefit cost 80,715 87,838    
Operating lease liabilities 85,028 97,992    
Other deferred credits 191,984 155,744    
Total deferred credits and other liabilities 1,755,503 1,728,043    
Total liabilities 3,859,695 3,719,031    
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 (90,992) (99,055)    
Retained earnings 272,345 283,516    
Total stockholders' equity 1,446,271 1,449,379    
Non-controlling interest in Valencia 59,927 63,052    
Total equity 1,506,198 1,512,431 1,402,493 1,461,571
Total liabilities and stockholders' equity 5,377,422 5,242,991    
Texas-New Mexico Power Company        
Current Assets:        
Cash and cash equivalents 231 1,000 0 0
Accounts receivable, net of allowance for credit losses 29,591 25,442    
Unbilled revenues 11,888 10,814    
Other receivables 2,512 2,713    
Materials, supplies, and fuel stock 6,224 5,704    
Regulatory assets 3,852 0    
Other current assets 2,135 1,280    
Total current assets 56,433 46,953    
Other Property and Investments:        
Other investments 178 178    
Non-utility property, net 10,814 6,684    
Total other property and investments 10,992 6,862    
Utility Plant:        
Plant in service, held for future use, and to be abandoned 1,971,908 1,919,256    
Less accumulated depreciation and amortization 530,230 516,795    
Net plant in service and plant held for future use 1,441,678 1,402,461    
Construction work in progress 124,383 42,554    
Net utility plant 1,566,061 1,445,015    
Deferred Charges and Other Assets:        
Regulatory assets 110,890 121,463    
Goodwill 226,665 226,665    
Operating lease right-of-use assets, net of accumulated amortization 8,535 9,954    
Other deferred charges 6,145 3,527    
Total deferred charges and other assets 352,235 361,609    
Assets 1,985,721 1,860,439    
Current Liabilities:        
Short-term debt 13,094 15,000    
Accounts payable 16,674 20,598    
Affiliate payables 7,020 5,419    
Accrued interest and taxes 42,961 42,068    
Regulatory liabilities 918 134    
Operating lease liabilities 2,428 2,753    
Other current liabilities 5,823 3,565    
Total current liabilities 88,918 89,537    
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 780,561 670,691    
Deferred Credits and Other Liabilities:        
Accumulated deferred income taxes 139,855 140,151    
Regulatory liabilities 191,499 182,845    
Asset retirement obligations 917 881    
Accrued pension liability and postretirement benefit cost 6,533 7,199    
Operating lease liabilities 5,897 7,039    
Other deferred credits 12,087 7,469    
Total deferred credits and other liabilities 356,788 345,584    
Total liabilities 1,226,267 1,105,812    
Commitments and Contingencies (Note 11)    
Company common stockholders’ equity:        
Common stock 64 64    
Paid-in-capital 614,166 614,166    
Retained earnings 145,224 140,397    
Total stockholders' equity 759,454 754,627 $ 678,647 $ 674,093
Total liabilities and stockholders' equity $ 1,985,721 $ 1,860,439