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Condensed Consolidated Statements of Cash Flows - PNM - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net earnings $ 19,218 $ 21,205
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 84,672 78,857
Deferred income tax expense 2,009 1,447
(Gains) losses on investment securities 26,486 (967)
Allowance for equity funds used during construction (2,668) (2,621)
Other, net 708 3,234
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 21,169 17,205
Materials, supplies, and fuel stock (5,183) 4,305
Other current assets 13,079 (18,978)
Other assets (12,215) 6,561
Accounts payable (15,905) (9,647)
Accrued interest and taxes 909 76
Other current liabilities (6,458) (4,369)
Other liabilities (12,263) (14,050)
Net cash flows from operating activities 116,610 86,477
Cash Flows From Investing Activities:    
Utility plant additions (209,884) (172,235)
Proceeds from sales of investment securities 125,246 123,596
Purchases of investment securities (127,791) (126,485)
Other, net 565 97
Net cash flows used in investing activities (211,864) (174,455)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net 23,300 165,500
Dividends paid (29,960) (28,243)
Valencia’s transactions with its owner (4,232) (5,243)
Transmission interconnection and security deposit arrangements 18,569 5,460
Refunds paid under transmission interconnection arrangements (1,972) (584)
Debt issuance costs and other, net (431) (292)
Net cash flows from financing activities 98,539 47,571
Change in Cash, Restricted Cash, and Equivalents 3,285 (40,407)
Cash, Restricted Cash, and Equivalents at Beginning of Period 1,104 47,928
Cash, Restricted Cash, and Equivalents at End of Period 4,389 7,521
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 21,682 23,317
Income taxes paid (refunded), net (346) 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 38,918 49,092
PNM    
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net earnings 7,538 22,162
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 53,844 50,108
Deferred income tax expense 893 2,910
(Gains) losses on investment securities 26,486 (967)
Allowance for equity funds used during construction (2,294) (2,135)
Other, net 894 911
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 22,466 17,491
Materials, supplies, and fuel stock (4,636) 4,341
Other current assets 11,418 (21,763)
Other assets (11,065) 5,780
Accounts payable (6,876) (934)
Accrued interest and taxes 14,873 14,729
Other current liabilities (4,879) (1,911)
Other liabilities (10,198) (13,196)
Net cash flows from operating activities 98,464 77,526
Cash Flows From Investing Activities:    
Utility plant additions (96,359) (88,198)
Proceeds from sales of investment securities 125,246 123,596
Purchases of investment securities (127,791) (126,485)
Other, net 565 97
Net cash flows used in investing activities (98,339) (90,990)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net (2,700) (10,000)
Dividends paid (132) (132)
Valencia’s transactions with its owner (4,232) (5,243)
Transmission interconnection and security deposit arrangements 12,170 3,810
Refunds paid under transmission interconnection arrangements (1,972) (584)
Debt issuance costs and other, net (293) 87
Net cash flows from financing activities 2,841 (12,062)
Change in Cash, Restricted Cash, and Equivalents 2,966 (25,526)
Cash, Restricted Cash, and Equivalents at Beginning of Period 19 31,446
Cash, Restricted Cash, and Equivalents at End of Period 2,985 5,920
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 9,070 7,568
Income taxes paid (refunded), net 0 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 26,620 $ 30,828