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Condensed Consolidated Statements of Cash Flows - PNM - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net Earnings $ 165,078 $ 196,648
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 255,808 238,963
Deferred income tax expense 15,036 25,293
(Gains) losses on investment securities 84,104 (16,108)
Regulatory disallowances and restructuring costs 832 436
Allowance for equity funds used during construction (9,232) (8,867)
Other, net 1,323 4,594
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (66,713) (46,649)
Materials, supplies, and fuel stock (6,630) (333)
Other current assets 3,687 (20,005)
Other assets 6,676 17,551
Accounts payable 11,845 5,934
Accrued interest and taxes 17,875 7,713
Other current liabilities (26,082) 17,679
Other liabilities (32,083) (21,065)
Net cash flows from operating activities 427,496 408,512
Cash Flows From Investing Activities:    
Utility plant additions (702,878) (496,185)
Proceeds from sales of investment securities 323,251 396,870
Purchases of investment securities (332,490) (405,142)
Other, net 692 108
Net cash flows used in investing activities (711,425) (503,777)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net (2,500) (18,100)
Long-term borrowings 558,000 1,370,000
Repayment of long-term debt (179,500) (1,165,000)
Dividends paid (89,879) (84,729)
Valencia’s transactions with its owner (12,455) (14,238)
Transmission interconnection and security deposit arrangements 76,696 31,878
Refunds paid under transmission interconnection arrangements (50,401) (9,752)
Debt issuance costs and other, net (3,668) (3,159)
Net cash flows from financing activities 288,447 96,818
Change in Cash, Restricted Cash, and Equivalents 4,518 1,553
Cash, Restricted Cash, and Equivalents at Beginning of Period 1,104 47,928
Cash, Restricted Cash, and Equivalents at End of Period 5,622 49,481
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 79,246 69,965
Income taxes paid (refunded), net 904 892
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 56,948 63,281
PNM    
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net Earnings 106,855 158,842
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 161,303 151,775
Deferred income tax expense 11,762 24,034
(Gains) losses on investment securities 84,104 (16,108)
Regulatory disallowances and restructuring costs 832 436
Allowance for equity funds used during construction (6,793) (6,655)
Other, net 2,839 3,488
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (45,252) (34,110)
Materials, supplies, and fuel stock (3,809) 143
Other current assets 885 (20,398)
Other assets 7,958 14,541
Accounts payable 20,308 14,411
Accrued interest and taxes 14,799 13,370
Other current liabilities (35,503) 12,442
Other liabilities (24,717) (34,394)
Net cash flows from operating activities 295,571 281,817
Cash Flows From Investing Activities:    
Utility plant additions (322,412) (247,064)
Proceeds from sales of investment securities 323,251 396,870
Purchases of investment securities (332,490) (405,142)
Other, net 492 108
Net cash flows used in investing activities (331,159) (255,228)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net (7,400) (10,000)
Long-term borrowings 298,000 235,000
Repayment of long-term debt (179,500) (200,000)
Dividends paid (85,396) (60,396)
Valencia’s transactions with its owner (12,455) (14,238)
Transmission interconnection and security deposit arrangements 70,296 28,278
Refunds paid under transmission interconnection arrangements (41,401) (2,450)
Debt issuance costs and other, net (2,201) (1,665)
Net cash flows from financing activities 39,943 (25,471)
Change in Cash, Restricted Cash, and Equivalents 4,355 1,118
Cash, Restricted Cash, and Equivalents at Beginning of Period 19 31,446
Cash, Restricted Cash, and Equivalents at End of Period 4,374 32,564
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 37,269 33,189
Income taxes paid (refunded), net 0 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 21,069 $ 45,441