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Consolidated Statements of Cash Flows - PNM - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:      
Net Earnings $ 185,180,000 $ 211,847,000 $ 187,316,000
Adjustments to reconcile net earnings to net cash flows from operating activities:      
 Depreciation and amortization 341,123,000 320,210,000 314,668,000
Deferred income tax expense 24,533,000 30,747,000 20,405,000
(Gains) losses on investment securities 78,357,000 (16,850,000) (21,599,000)
Regulatory disallowances and restructuring costs 832,000 1,194,000 1,098,000
Allowance for equity funds used during construction (13,799,000) (13,217,000) (11,254,000)
Other, net 2,377,000 5,457,000 3,497,000
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (73,099,000) (25,924,000) (42,035,000)
Materials, supplies, and fuel stock (8,528,000) 1,356,000 11,512,000
Other current assets 17,159,000 1,838,000 (8,135,000)
Other assets 5,002,000 31,135,000 29,923,000
Accounts payable 47,568,000 10,640,000 7,403,000
Accrued interest and taxes 9,205,000 2,692,000 (9,347,000)
Other current liabilities (28,516,000) 6,894,000 23,740,000
Other liabilities (27,935,000) (29,592,000) (29,633,000)
Net cash flows from operating activities 567,284,000 547,873,000 485,700,000
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (912,557,000) (935,016,000) (679,028,000)
Proceeds from sales of investment securities 526,448,000 459,867,000 590,998,000
Purchases of investment securities (564,912,000) (477,672,000) (607,591,000)
Other, net 674,000 (9,000) (14,928,000)
Net cash flows used in investing activities (950,347,000) (952,258,000) (733,799,000)
Cash Flows From Financing Activities:      
Revolving credit facilities borrowings (repayments), net 169,300,000 30,700,000 (153,100,000)
Long-term borrowings 558,000,000 1,816,345,000 1,267,845,000
Repayment of long-term debt (179,500,000) (1,411,345,000) (977,845,000)
Dividends paid (119,839,000) (112,972,000) (98,502,000)
Valencia’s transactions with its owner (17,533,000) (19,094,000) (18,056,000)
Transmission interconnection and security deposit arrangements 96,550,000 80,558,000 11,452,000
Refunds paid under transmission interconnection arrangements (107,397,000) (10,195,000) (5,905,000)
Debt issuance costs and other, net (5,564,000) (6,306,000) (4,943,000)
Net cash flows from financing activities 386,037,000 357,561,000 292,194,000
Change in Cash and Cash Equivalents 2,974,000 (46,824,000) 44,095,000
Cash and Cash Equivalents at Beginning of Year 1,104,000 47,928,000 3,833,000
Cash and Cash Equivalents at End of Year 4,078,000 1,104,000 47,928,000
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 118,485,000 91,276,000 106,575,000
Income taxes paid (refunded), net (1,011,000) 1,042,000 969,000
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions 4,455,000 7,362,000 (58,796,000)
Public Service Company of New Mexico      
Cash Flows From Operating Activities:      
Net Earnings 119,020,000 171,559,000 160,014,000
Adjustments to reconcile net earnings to net cash flows from operating activities:      
 Depreciation and amortization 213,517,000 203,401,000 198,418,000
Deferred income tax expense 29,487,000 27,120,000 22,442,000
(Gains) losses on investment securities 78,357,000 (16,850,000) (21,599,000)
Regulatory disallowances and restructuring costs 832,000 1,194,000 1,098,000
Allowance for equity funds used during construction (9,323,000) (9,905,000) (6,958,000)
Other, net 3,758,000 4,482,000 4,950,000
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (60,743,000) (24,757,000) (41,340,000)
Materials, supplies, and fuel stock (4,804,000) 2,531,000 11,753,000
Other current assets 17,956,000 2,154,000 (2,718,000)
Other assets 5,487,000 30,187,000 24,882,000
Accounts payable 48,868,000 9,836,000 6,267,000
Accrued interest and taxes (19,574,000) 20,214,000 (11,572,000)
Other current liabilities (41,876,000) 9,169,000 16,682,000
Other liabilities (26,029,000) (37,884,000) (36,556,000)
Net cash flows from operating activities 354,933,000 392,451,000 325,763,000
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (433,459,000) (602,180,000) (335,055,000)
Proceeds from sales of investment securities 526,448,000 459,867,000 590,998,000
Purchases of investment securities (564,912,000) (477,672,000) (607,591,000)
Other, net 439,000 (9,000) (14,942,000)
Net cash flows used in investing activities (471,484,000) (619,994,000) (366,590,000)
Cash Flows From Financing Activities:      
Revolving credit facilities borrowings (repayments), net 178,500,000 (2,600,000) (48,000,000)
Long-term borrowings 298,000,000 631,345,000 852,845,000
Repayment of long-term debt (179,500,000) (446,345,000) (902,845,000)
Equity contribution from parent 0 53,000,000 230,000,000
Dividends paid (154,028,000) (60,528,000) (41,181,000)
Valencia’s transactions with its owner (17,533,000) (19,094,000) (18,056,000)
Transmission interconnection and security deposit arrangements 90,150,000 47,858,000 4,050,000
Refunds paid under transmission interconnection arrangements (93,247,000) (2,893,000) (5,905,000)
Debt issuance costs and other, net (2,825,000) (4,627,000) 364,000
Net cash flows from financing activities 119,517,000 196,116,000 71,272,000
Change in Cash and Cash Equivalents 2,966,000 (31,427,000) 30,445,000
Cash and Cash Equivalents at Beginning of Year 19,000 31,446,000 1,001,000
Cash and Cash Equivalents at End of Year 2,985,000 19,000 31,446,000
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 54,816,000 45,729,000 60,663,000
Income taxes paid (refunded), net 11,602,000 (19,492,000) 0
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions $ (6,859,000) $ 23,091,000 $ (48,037,000)