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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 2,193 $ 4,522
Accounts receivable, net of allowance for uncollectible accounts 86,598 87,012
Unbilled revenues 69,849 58,284
Other receivables 25,282 28,245
Current portion of Westmoreland Loan 20,968 38,360
Materials, supplies, and fuel stock 67,007 73,027
Regulatory assets 5,720 3,855
Commodity derivative instruments 3,847 5,224
Income taxes receivable 6,723 6,066
Other current assets 65,400 73,444
Total current assets 353,587 378,039
Other Property and Investments:    
Long-term portion of Westmoreland Loan 54,852 56,640
Available-for-sale securities 295,026 272,977
Other investments 404 547
Non-utility property 3,713 3,404
Total other property and investments 353,995 333,568
Utility Plant:    
Plant in service, held for future use, and to be abandoned 7,081,606 6,944,534
Less accumulated depreciation and amortization 2,395,590 2,334,938
Net plant in service and plant held for future use 4,686,016 4,609,596
Construction work in progress 252,759 208,206
Nuclear fuel, net of accumulated amortization 88,586 86,913
Net utility plant 5,027,361 4,904,715
Deferred Charges and Other Assets:    
Regulatory assets 490,454 501,223
Goodwill 278,297 278,297
Commodity derivative instruments 4,106 0
Other deferred charges 76,645 75,238
Total deferred charges and other assets 849,502 854,758
Total assets 6,584,445 6,471,080
Current Liabilities:    
Short-term debt 373,500 287,100
Current installments of long-term debt 174,257 273,348
Accounts payable 78,324 86,705
Customer deposits 11,023 11,374
Accrued interest and taxes 55,726 61,871
Regulatory liabilities 5,265 3,609
Commodity derivative instruments 1,990 2,339
Dividends declared 132 19,448
Other current liabilities 66,353 59,314
Total current liabilities 766,570 805,108
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,199,105 2,119,364
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 971,440 940,650
Regulatory liabilities 454,952 455,649
Asset retirement obligations 132,261 127,519
Accrued pension liability and postretirement benefit cost 119,243 125,844
Commodity derivative instruments 4,106 0
Other deferred credits 129,794 140,545
Total deferred credits and other liabilities 1,811,796 1,790,207
Total liabilities 4,777,471 4,714,679
Commitments and Contingencies (See Note 11)
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 1,156,630 1,163,661
Accumulated other comprehensive income (loss), net of income taxes (85,595) (92,451)
Retained earnings 656,225 604,742
Total stockholders' equity 1,727,260 1,675,952
Non-controlling interest in Valencia 68,185 68,920
Total equity 1,795,445 1,744,872
Total liabilities and stockholders' equity 6,584,445 6,471,080
PNM    
Current Assets:    
Cash and cash equivalents 26 324
Accounts receivable, net of allowance for uncollectible accounts 62,368 65,003
Unbilled revenues 58,717 48,289
Other receivables 22,925 25,514
Affiliate receivables 10,643 8,886
Materials, supplies, and fuel stock 62,810 64,401
Regulatory assets 1,880 3,442
Commodity derivative instruments 3,847 5,224
Income taxes receivable 26,269 25,807
Other current assets 59,357 67,355
Total current assets 308,842 314,245
Other Property and Investments:    
Available-for-sale securities 295,026 272,977
Other investments 173 316
Non-utility property 96 96
Total other property and investments 295,295 273,389
Utility Plant:    
Plant in service, held for future use, and to be abandoned 5,420,475 5,359,211
Less accumulated depreciation and amortization 1,854,466 1,809,528
Net plant in service and plant held for future use 3,566,009 3,549,683
Construction work in progress 201,443 158,122
Nuclear fuel, net of accumulated amortization 88,586 86,913
Net utility plant 3,856,038 3,794,718
Deferred Charges and Other Assets:    
Regulatory assets 354,886 365,413
Goodwill 51,632 51,632
Commodity derivative instruments 4,106 0
Other deferred charges 68,608 68,149
Total deferred charges and other assets 479,232 485,194
Total assets 4,939,407 4,867,546
Current Liabilities:    
Short-term debt 38,000 61,000
Current installments of long-term debt 0 231,880
Accounts payable 60,205 55,566
Affiliate payables 38,178 23,183
Customer deposits 11,023 11,374
Accrued interest and taxes 33,761 34,819
Regulatory liabilities 5,265 3,517
Commodity derivative instruments 1,990 2,339
Dividends declared 132 132
Other current liabilities 46,784 33,551
Total current liabilities 235,338 457,361
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,631,912 1,399,489
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 773,188 748,666
Regulatory liabilities 421,947 423,701
Asset retirement obligations 131,305 126,601
Accrued pension liability and postretirement benefit cost 109,023 114,427
Commodity derivative instruments 4,106 0
Other deferred credits 104,841 118,980
Total deferred credits and other liabilities 1,544,410 1,532,375
Total liabilities 3,411,660 3,389,225
Commitments and Contingencies (See Note 11)
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 1,264,918 1,264,918
Accumulated other comprehensive income (loss), net of income taxes (85,594) (92,428)
Retained earnings 268,709 225,382
Total stockholders' equity 1,448,033 1,397,872
Non-controlling interest in Valencia 68,185 68,920
Total equity 1,516,218 1,466,792
Total liabilities and stockholders' equity 4,939,407 4,867,546
Texas-New Mexico Power Company    
Current Assets:    
Cash and cash equivalents 1 671
Accounts receivable, net of allowance for uncollectible accounts 24,230 22,009
Unbilled revenues 11,132 9,995
Other receivables 1,747 2,090
Materials, supplies, and fuel stock 4,197 8,626
Regulatory assets 3,840 413
Other current assets 1,841 1,031
Total current assets 46,988 44,835
Other Property and Investments:    
Other investments 231 231
Non-utility property 2,549 2,240
Total other property and investments 2,780 2,471
Utility Plant:    
Plant in service, held for future use, and to be abandoned 1,425,439 1,380,584
Less accumulated depreciation and amortization 445,900 429,397
Net plant in service and plant held for future use 979,539 951,187
Construction work in progress 40,196 16,978
Net utility plant 1,019,735 968,165
Deferred Charges and Other Assets:    
Regulatory assets 135,568 135,810
Goodwill 226,665 226,665
Other deferred charges 5,811 5,277
Total deferred charges and other assets 368,044 367,752
Total assets 1,437,547 1,383,223
Current Liabilities:    
Short-term debt 47,000 0
Short-term debt – affiliate 8,000 4,600
Accounts payable 10,096 16,709
Affiliate payables 4,347 3,793
Accrued interest and taxes 45,274 45,581
Regulatory liabilities 0 92
Other current liabilities 3,628 2,134
Total current liabilities 118,345 72,909
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 421,024 420,875
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 250,786 245,785
Regulatory liabilities 33,005 31,948
Asset retirement obligations 785 754
Accrued pension liability and postretirement benefit cost 10,220 11,417
Other deferred credits 7,798 6,300
Total deferred credits and other liabilities 302,594 296,204
Total liabilities 841,963 789,988
Commitments and Contingencies (See Note 11)
Company common stockholders’ equity:    
Common stock 64 64
Paid-in-capital 454,166 454,166
Retained earnings 141,354 139,005
Total stockholders' equity 595,584 593,235
Total liabilities and stockholders' equity $ 1,437,547 $ 1,383,223