XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
 1 Months Ended 3 Months Ended 9 Months Ended
Jul. 31, 2013
Jul. 31, 2012
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Electric Operating Revenues     $ 399,730 $ 390,411 $ 1,064,993 $ 1,019,646
Operating Expenses:            
Cost of energy     114,674 110,777 325,039 297,342
Administrative and general     46,915 45,283 134,744 135,371
Energy production costs     41,142 40,365 131,546 131,546
Regulatory disallowances     1,735 0 1,735 0
Depreciation and amortization     42,743 42,820 125,189 122,289
Transmission and distribution costs     17,248 17,082 50,690 50,896
Taxes other than income taxes     17,534 15,934 49,739 45,218
Total operating expenses     281,991 272,261 818,682 782,662
Operating income     117,739 118,150 246,311 236,984
Other Income and Deductions:            
Interest income     2,264 3,130 7,731 9,808
Gains on investments held by NDT     2,190 5,716 6,995 9,376
Other income     3,252 2,484 7,517 6,991
Other (deductions)     (5,970) (3,451) (13,516) (10,719)
Net other income (deductions)     1,736 7,879 8,727 15,456
Interest Charges     30,365 30,515 92,279 90,280
Earnings before Income Taxes     89,110 95,514 162,759 162,160
Income Taxes     30,296 33,538 58,600 54,609
Net Earnings     58,814 61,976 104,159 107,551
(Earnings) Attributable to Valencia Non-controlling Interest     (4,127) (3,980) (10,904) (10,699)
Preferred Stock Dividend Requirements of Subsidiary     (132) (132) (396) (396)
Net Earnings Attributable to PNMR     54,555 57,864 92,859 96,456
Net Earnings Attributable to PNMR per Common Share:            
Basic (dollars per share)     $ 0.68 $ 0.73 $ 1.16 $ 1.21
Diluted (dollars per share)     $ 0.68 $ 0.72 $ 1.15 $ 1.20
Dividends Declared per Common Share (dollars per share) $ 0.165 $ 0.145 $ 0.165 $ 0.145 $ 0.495 $ 0.435
Public Service Company of New Mexico [Member]
            
Electric Operating Revenues     326,026 321,731 863,609 832,242
Operating Expenses:            
Cost of energy     100,200 99,217 283,715 263,009
Administrative and general     40,679 41,150 116,058 120,857
Energy production costs     41,142 40,365 131,546 131,546
Regulatory disallowances     1,735 0 1,735 0
Depreciation and amortization     25,879 24,437 77,763 72,017
Transmission and distribution costs     11,686 11,172 33,420 33,679
Taxes other than income taxes     9,488 8,417 28,613 25,386
Total operating expenses     230,809 224,758 672,850 646,494
Operating income     95,217 96,973 190,759 185,748
Other Income and Deductions:            
Interest income     2,298 3,173 7,839 9,938
Gains on investments held by NDT     2,190 5,716 6,995 9,376
Other income     2,396 1,176 5,269 4,378
Other (deductions)     (2,375) (1,682) (5,287) (4,553)
Net other income (deductions)     4,509 8,383 14,816 19,139
Interest Charges     20,124 19,230 59,971 56,652
Earnings before Income Taxes     79,602 86,126 145,604 148,235
Income Taxes     27,652 31,235 49,184 51,929
Net Earnings     51,950 54,891 96,420 96,306
(Earnings) Attributable to Valencia Non-controlling Interest     (4,127) (3,980) (10,904) (10,699)
Net Earnings Attributable to PNMR     47,823 50,911 85,516 85,607
Preferred Stock Dividends Requirements     (132) (132) (396) (396)
Net Earnings Available for PNM Common Stock     47,691 50,779 85,120 85,211
Texas-New Mexico Power Company [Member]
            
Electric Operating Revenues     73,704 68,680 201,384 187,404
Operating Expenses:            
Cost of energy     14,474 11,560 41,324 34,333
Administrative and general     10,641 10,130 32,446 30,700
Depreciation and amortization     13,850 13,819 37,810 37,173
Transmission and distribution costs     5,562 5,910 17,270 17,217
Taxes other than income taxes     6,923 6,291 17,558 16,322
Total operating expenses     51,450 47,710 146,408 135,745
Operating income     22,254 20,970 54,976 51,659
Other Income and Deductions:            
Interest income     0 0 0 1
Other income     820 771 1,765 1,708
Other (deductions)     (104) (405) (356) (464)
Net other income (deductions)     716 366 1,409 1,245
Interest Charges     6,655 7,047 20,661 21,214
Earnings before Income Taxes     16,315 14,289 35,724 31,690
Income Taxes     6,209 5,205 13,554 11,577
Net Earnings Attributable to PNMR     $ 10,106 $ 9,084 $ 22,170 $ 20,113