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Consolidated Statements of Earnings - PNMR - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Electric Operating Revenues $ 2,249,555 $ 1,779,873 $ 1,523,012
Operating Expenses:      
Administrative and general 227,149 230,292 216,334
Regulatory disallowances and restructuring costs 832 1,194 1,098
Depreciation and amortization 304,853 284,107 275,612
Transmission and distribution costs 94,684 81,335 77,943
Taxes other than income taxes 92,989 86,008 81,526
Total operating expenses 1,855,795 1,471,720 1,237,731
Operating income 393,760 308,153 285,281
Other Income and Deductions:      
Interest income 16,095 14,662 14,223
(Gains) losses on investment securities (78,357) 16,850 21,599
Other income 21,601 20,200 19,973
Other (deductions) (13,881) (18,559) (18,732)
Net other income and (deductions) (54,542) 33,153 37,063
Interest Charges 127,908 96,877 114,392
Earnings before Income Taxes 211,310 244,429 207,952
Income Taxes 26,130 32,582 20,636
Net Earnings 185,180 211,847 187,316
(Earnings) Attributable to Valencia Non-controlling Interest (15,122) (15,490) (14,013)
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR $ 169,530 $ 195,829 $ 172,775
Net Earnings Attributable to PNMR per Common Share:      
Basic (in dollars per share) $ 1.97 $ 2.28 $ 2.16
Diluted (in dollars per share) $ 1.97 $ 2.27 $ 2.15
Electricity      
Electric Operating Revenues $ 2,249,555 $ 1,779,873 $ 1,523,012
Operating Expenses:      
Cost of energy and production costs 987,941 644,853 447,241
Electricity, Generation      
Operating Expenses:      
Cost of energy and production costs $ 147,347 $ 143,931 $ 137,977