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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows From Operating Activities:    
Net Earnings $ 118,363 $ 108,798
Net earnings 107,058 97,262
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 165,563 157,687
Deferred income tax expense 62,511 55,553
Net unrealized (gains) losses on commodity derivatives 1,251 (67)
Realized (gains) on available-for-sale securities (12,116) (8,234)
Stock based compensation expense 3,748 4,680
Regulatory disallowances 1,744 0
Other, net (4,301) (642)
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (23,783) (22,158)
Materials, supplies, and fuel stock (3,629) 5,494
Other current assets 37,756 (19,816)
Other assets 12,350 30,502
Accounts payable 1,275 79
Accrued interest and taxes 28,233 32,488
Other current liabilities (12,731) (21,197)
Other liabilities (40,662) 3,074
Net cash flows from operating activities 335,572 326,241
Cash Flows From Investing Activities:    
Additions to utility and non-utility plant (411,606) (293,361)
Proceeds from sales of available-for-sale securities 166,097 82,222
Purchases of available-for-sale securities (166,268) (81,644)
Return of principal on PVNGS lessor notes 21,694 20,758
Purchase of Rio Bravo 0 (36,235)
Other, net 2,891 (3,433)
Net cash flows from investing activities (387,192) (311,693)
Cash Flows From Financing Activities:    
Short-term borrowings (repayments), net (3,000) (49,200)
Long-term borrowings 463,605 255,000
Repayment of long-term debt (333,066) (125,000)
Proceeds from stock option exercise 7,394 5,495
Awards of common stock (18,955) (15,573)
Dividends paid (48,188) (44,600)
Valencia’s transactions with its owner (12,107) (12,749)
Other, net (5,402) (2,030)
Net cash flows from financing activities 50,281 11,343
Change in Cash and Cash Equivalents (1,339) 25,891
Cash and Cash Equivalents at Beginning of Period 28,274 2,533
Cash and Cash Equivalents at End of Period 26,935 28,424
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 63,046 60,075
Income taxes paid (refunded), net (1,636) (2,529)
Supplemental schedule of noncash investing activities:    
Changes in accrued plant additions (8,748) (6,674)
Public Service Company of New Mexico [Member]    
Cash Flows From Operating Activities:    
Net Earnings 91,923 84,512
Net earnings 81,014 73,372
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 111,371 108,069
Deferred income tax expense 46,268 45,313
Net unrealized (gains) losses on commodity derivatives 1,251 (67)
Realized (gains) on available-for-sale securities (12,116) (8,234)
Regulatory disallowances 1,744 0
Other, net (5,288) (355)
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (16,220) (16,782)
Materials, supplies, and fuel stock (3,328) 5,697
Other current assets 36,707 (20,806)
Other assets 12,126 29,796
Accounts payable (794) 10,100
Accrued interest and taxes 22,856 19,984
Other current liabilities (12,099) (21,586)
Other liabilities (34,224) 2,841
Net cash flows from operating activities 240,177 238,482
Cash Flows From Investing Activities:    
Additions to utility and non-utility plant (301,410) (199,771)
Proceeds from sales of available-for-sale securities 166,097 82,222
Purchases of available-for-sale securities (166,268) (81,644)
Return of principal on PVNGS lessor notes 21,694 20,758
Purchase of Rio Bravo 0 (36,235)
Other, net 3,051 (3,404)
Net cash flows from investing activities (276,836) (218,074)
Cash Flows From Financing Activities:    
Short-term borrowings (repayments), net 0 (49,200)
Short-term borrowings (repayments), affiliate, net 0 (26,000)
Long-term borrowings 313,605 175,000
Repayment of long-term debt (214,300) (75,000)
Dividends paid (46,548) (30,659)
Valencia’s transactions with its owner (12,107) (12,749)
Other, net (4,934) (1,196)
Net cash flows from financing activities 35,716 (19,804)
Change in Cash and Cash Equivalents (943) 604
Cash and Cash Equivalents at Beginning of Period 25,480 21
Cash and Cash Equivalents at End of Period 24,537 625
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 42,680 41,606
Income taxes paid (refunded), net (1,450) (215)
Supplemental schedule of noncash investing activities:    
Changes in accrued plant additions (9,933) (10,586)
Texas-New Mexico Power Company [Member]    
Cash Flows From Operating Activities:    
Net Earnings 33,248 28,691
Net earnings 33,248 28,691
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 43,272 39,577
Deferred income tax expense 3,575 4,256
Other, net (125) (169)
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (7,563) (5,376)
Materials, supplies, and fuel stock (301) (203)
Other current assets 2,712 1,761
Other assets (272) (58)
Accounts payable (210) (1,302)
Accrued interest and taxes 19,757 19,054
Other current liabilities 1,033 (1,217)
Other liabilities (5,870) 1,397
Net cash flows from operating activities 89,256 86,411
Cash Flows From Investing Activities:    
Additions to utility and non-utility plant (90,497) (88,940)
Net cash flows from investing activities (90,497) (88,940)
Cash Flows From Financing Activities:    
Short-term borrowings (repayments), net (5,000) 0
Short-term borrowings (repayments), affiliate, net 25,800 (10,300)
Long-term borrowings 0 80,000
Repayment of long-term debt 0 (50,000)
Dividends paid (19,559) (16,336)
Other, net 0 (835)
Net cash flows from financing activities 1,241 2,529
Change in Cash and Cash Equivalents 0 0
Cash and Cash Equivalents at Beginning of Period 1 1
Cash and Cash Equivalents at End of Period 1 1
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 13,308 11,778
Income taxes paid (refunded), net 545 (299)
Supplemental schedule of noncash investing activities:    
Changes in accrued plant additions $ (216) $ 1,658