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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 3,783 $ 3,974
Accounts receivable, net of allowance for uncollectible accounts 84,156 90,473
Unbilled revenues 41,400 54,055
Other receivables 17,891 17,582
Current portion of Westmoreland Loan 4,837 3,576
Materials, supplies, and fuel stock 69,478 66,502
Regulatory assets 1,423 2,933
Commodity derivative instruments 1,087 1,088
Income taxes receivable 6,855 6,879
Other current assets 46,389 47,358
Total current assets 277,299 294,420
Other Property and Investments:    
Long-term portion of Westmoreland Loan 46,154 53,064
Investment securities 324,003 323,524
Equity investment in NMRD 21,541 16,510
Other investments 375 503
Non-utility property 3,404 3,404
Total other property and investments 395,477 397,005
Utility Plant:    
Plant in service and held for future use 7,284,727 7,238,285
Less accumulated depreciation and amortization 2,627,329 2,592,692
Net plant in service and plant held for future use 4,657,398 4,645,593
Construction work in progress 284,870 245,933
Nuclear fuel, net of accumulated amortization 89,262 88,701
Net utility plant 5,031,530 4,980,227
Deferred Charges and Other Assets:    
Regulatory assets 595,398 600,672
Goodwill 278,297 278,297
Commodity derivative instruments 3,277 3,556
Other deferred charges 95,115 91,926
Total deferred charges and other assets 972,087 974,451
Total assets 6,676,393 6,646,103
Current Liabilities:    
Short-term debt 238,700 305,400
Current installments of long-term debt 309,565 256,895
Accounts payable 78,427 121,383
Customer deposits 11,045 11,028
Accrued interest and taxes 75,703 62,357
Regulatory liabilities 3,159 2,309
Commodity derivative instruments 1,328 1,182
Dividends declared 21,240 21,240
Other current liabilities 43,586 53,850
Total current liabilities 782,753 835,644
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,271,984 2,180,750
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 554,022 547,210
Regulatory liabilities 934,053 933,578
Asset retirement obligations 149,453 146,679
Accrued pension liability and postretirement benefit cost 88,840 94,003
Commodity derivative instruments 3,277 3,556
Other deferred credits 131,468 131,706
Total deferred credits and other liabilities 1,861,113 1,856,732
Total liabilities 4,915,850 4,873,126
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 1,150,516 1,157,665
Accumulated other comprehensive income (loss), net of income taxes (105,520) (95,940)
Retained earnings 638,618 633,528
Total stockholders' equity 1,683,614 1,695,253
Non-controlling interest in Valencia 65,400 66,195
Total equity 1,749,014 1,761,448
Total liabilities and stockholders' equity 6,676,393 6,646,103
PNM    
Current Assets:    
Cash and cash equivalents 19 1,108
Accounts receivable, net of allowance for uncollectible accounts 61,908 67,227
Unbilled revenues 33,331 43,869
Other receivables 14,573 14,541
Affiliate receivables 8,859 9,486
Materials, supplies, and fuel stock 63,105 60,859
Regulatory assets 827 2,139
Commodity derivative instruments 1,087 1,088
Income taxes receivable 3,505 3,410
Other current assets 41,607 39,904
Total current assets 228,821 243,631
Other Property and Investments:    
Investment securities 324,003 323,524
Other investments 155 283
Non-utility property 96 96
Total other property and investments 324,254 323,903
Utility Plant:    
Plant in service and held for future use 5,537,638 5,501,070
Less accumulated depreciation and amortization 2,052,380 2,029,534
Net plant in service and plant held for future use 3,485,258 3,471,536
Construction work in progress 214,139 204,079
Nuclear fuel, net of accumulated amortization 89,262 88,701
Net utility plant 3,788,659 3,764,316
Deferred Charges and Other Assets:    
Regulatory assets 453,912 459,239
Goodwill 51,632 51,632
Commodity derivative instruments 3,277 3,556
Other deferred charges 75,186 75,286
Total deferred charges and other assets 584,007 589,713
Total assets 4,925,741 4,921,563
Current Liabilities:    
Short-term debt 0 39,800
Short-term debt - affiliate 54,600 0
Current installments of long-term debt 200,006 23
Accounts payable 56,398 77,094
Affiliate payables 11,543 22,875
Customer deposits 11,045 11,028
Accrued interest and taxes 52,024 33,945
Regulatory liabilities 934 784
Commodity derivative instruments 1,328 1,182
Dividends declared 132 132
Other current liabilities 28,302 31,633
Total current liabilities 416,312 218,496
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,458,425 1,657,887
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 454,568 449,012
Regulatory liabilities 749,319 754,441
Asset retirement obligations 148,462 145,707
Accrued pension liability and postretirement benefit cost 81,756 86,124
Commodity derivative instruments 3,277 3,556
Other deferred credits 106,532 106,442
Total deferred credits and other liabilities 1,543,914 1,545,282
Total liabilities 3,418,651 3,421,665
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 (108,019) (97,093)
Retained earnings 273,262 254,349
Total stockholders' equity 1,430,161 1,422,174
Non-controlling interest in Valencia 65,400 66,195
Total equity 1,495,561 1,488,369
Total liabilities and stockholders' equity 4,925,741 4,921,563
Texas-New Mexico Power Company    
Current Assets:    
Cash and cash equivalents 0 1,700
Accounts receivable, net of allowance for uncollectible accounts 22,248 23,246
Unbilled revenues 8,069 10,186
Other receivables 3,062 2,860
Affiliate receivables 0 336
Materials, supplies, and fuel stock 6,373 5,643
Regulatory assets 596 794
Other current assets 796 1,131
Total current assets 41,144 45,896
Other Property and Investments:    
Other investments 220 220
Non-utility property 2,240 2,240
Total other property and investments 2,460 2,460
Utility Plant:    
Plant in service and held for future use 1,513,724 1,504,778
Less accumulated depreciation and amortization 466,976 460,858
Net plant in service and plant held for future use 1,046,748 1,043,920
Construction work in progress 61,695 34,350
Net utility plant 1,108,443 1,078,270
Deferred Charges and Other Assets:    
Regulatory assets 141,486 141,433
Goodwill 226,665 226,665
Other deferred charges 6,236 6,046
Total deferred charges and other assets 374,387 374,144
Total assets 1,526,434 1,500,770
Current Liabilities:    
Short-term debt 21,200 0
Short-term debt - affiliate 2,600 0
Accounts payable 15,544 29,812
Affiliate payables 4,635 667
Accrued interest and taxes 27,666 29,619
Regulatory liabilities 2,225 1,525
Other current liabilities 3,320 2,450
Total current liabilities 77,190 64,073
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 480,716 480,620
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 125,515 126,415
Regulatory liabilities 184,734 179,137
Asset retirement obligations 809 793
Accrued pension liability and postretirement benefit cost 7,084 7,879
Other deferred credits 7,592 7,448
Total deferred credits and other liabilities 325,734 321,672
Total liabilities 883,640 866,365
Commitments and Contingencies (See Note 11)
Company common stockholders’ equity:    
Common stock 64 64
Paid-in-capital 504,166 504,166
Retained earnings 138,564 130,175
Total stockholders' equity 642,794 634,405
Total liabilities and stockholders' equity $ 1,526,434 $ 1,500,770