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Consolidated Balance Sheets - PNM - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 2,215 $ 4,078
Accounts receivable, net of allowance for credit losses of $3,388 and $4,925 126,291 183,669
Unbilled revenues 64,072 63,473
Other receivables 76,509 20,320
Materials, supplies, and fuel stock 98,034 66,733
Regulatory assets 73,046 20,265
Prepaid assets 19,759 18,465
Income taxes receivable 6,697 2,351
Other current assets 8,920 31,624
Total current assets 475,543 410,978
Other Property and Investments:    
Investment securities 444,408 417,476
Other investments 171 177
Non-utility property, including financing leases 29,367 26,841
Total other property and investments 593,516 535,114
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,701,180 9,164,564
Less accumulated depreciation and amortization 2,755,823 2,659,952
Net plant in service and plant held for future use 6,945,357 6,504,612
Construction work in progress 589,834 372,988
Nuclear fuel, net of accumulated amortization of $35,840 and $43,985 74,671 95,223
Net utility plant 7,609,862 6,972,823
Deferred Charges and Other Assets:    
Regulatory assets 914,381 846,686
Goodwill 278,297 278,297
Operating lease assets, net of amortization 182,201 55,982
Other deferred charges 198,805 157,497
Total deferred charges and other assets 1,573,684 1,338,462
Total assets 10,252,605 9,257,377
Current Liabilities:    
Short-term debt 261,900 232,000
Current installments of long-term debt (includes $2,529 and $0 related to ETBC I) 280,169 184,793
Accounts payable 205,175 215,708
Customer deposits 6,237 6,117
Accrued interest and taxes 98,655 76,783
Regulatory liabilities 140,005 17,002
Operating lease liabilities 12,267 18,781
Dividends declared 35,085 31,676
Transmission interconnection arrangement liabilities 96,870 20,473
Other current liabilities 94,397 87,037
Total current liabilities 1,230,760 890,370
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $338,521 and $0 related to ETBC I) 4,241,642 3,892,594
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 845,280 822,831
Regulatory liabilities 771,317 755,202
Asset retirement obligations 245,531 223,377
Accrued pension liability and postretirement benefit cost 21,429 32,799
Operating lease liabilities 167,000 41,336
Other deferred credits 319,066 342,413
Total deferred credits and other liabilities 2,369,623 2,217,958
Total liabilities 7,842,025 7,000,922
Commitments and Contingencies (See Note 16)
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 (no par value; 120,000,000 shares authorized; issued and outstanding 90,200,384 and 85,834,874 shares) 1,624,823 1,429,102
Accumulated other comprehensive income (loss), net of income taxes (62,840) (66,048)
Retained earnings 787,110 828,878
Total PNMR common stockholders’ equity 2,349,093 2,191,932
Non-controlling interest in Valencia 49,958 52,994
Total equity 2,399,051 2,244,926
Total liabilities and stockholders' equity 10,252,605 9,257,377
PNM    
Current Assets:    
Cash and cash equivalents 858 2,985
Accounts receivable, net of allowance for credit losses of $3,388 and $4,925 94,879 151,386
Unbilled revenues 46,925 45,282
Materials, supplies, and fuel stock 81,572 55,890
Regulatory assets 72,996 18,333
Prepaid assets 9,941 10,085
Income taxes receivable 7,682 18,233
Other current assets 1,756 20,706
Total current assets 377,837 345,645
Other Property and Investments:    
Investment securities 444,408 417,476
Other investments 69 76
Non-utility property, including financing leases 13,538 11,695
Total other property and investments 458,015 429,247
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,151,510 6,007,464
Less accumulated depreciation and amortization 1,976,657 1,908,644
Net plant in service and plant held for future use 4,174,853 4,098,820
Construction work in progress 490,178 300,772
Nuclear fuel, net of accumulated amortization of $35,840 and $43,985 74,671 95,223
Net utility plant 4,739,702 4,494,815
Deferred Charges and Other Assets:    
Regulatory assets 838,727 763,941
Goodwill 51,632 51,632
Operating lease assets, net of amortization 180,370 52,556
Other deferred charges 166,782 134,330
Total deferred charges and other assets 1,237,511 1,002,459
Total assets 6,813,065 6,272,166
Current Liabilities:    
Short-term debt 137,500 185,900
Current installments of long-term debt (includes $2,529 and $0 related to ETBC I) 200,222 184,793
Customer deposits 6,237 6,117
Accrued interest and taxes 41,337 35,797
Regulatory liabilities 134,846 7,913
Operating lease liabilities 11,371 17,239
Dividends declared 132 132
Transmission interconnection arrangement liabilities 96,870 20,473
Other current liabilities 52,587 55,350
Total current liabilities 839,194 692,155
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $338,521 and $0 related to ETBC I) 2,061,558 1,816,107
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 684,037 682,040
Regulatory liabilities 565,021 556,989
Asset retirement obligations 244,633 222,549
Accrued pension liability and postretirement benefit cost 19,949 32,007
Operating lease liabilities 166,191 39,633
Other deferred credits 220,178 258,833
Total deferred credits and other liabilities 1,900,009 1,792,051
Total liabilities 4,800,761 4,300,313
Commitments and Contingencies (See Note 16)
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 (no par value; 120,000,000 shares authorized; issued and outstanding 90,200,384 and 85,834,874 shares) 1,547,918 1,547,918
Accumulated other comprehensive income (loss), net of income taxes (66,505) (74,335)
Retained earnings 469,404 433,747
Total PNMR common stockholders’ equity 1,950,817 1,907,330
Non-controlling interest in Valencia 49,958 52,994
Total equity 2,000,775 1,960,324
Total liabilities and stockholders' equity 6,813,065 6,272,166
PNM | Nonrelated Party    
Current Assets:    
Other receivables 51,975 13,877
Current Liabilities:    
Accounts payable 141,704 163,522
PNM | Related Party    
Current Assets:    
Other receivables 9,253 8,868
Current Liabilities:    
Accounts payable $ 16,388 $ 14,919