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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 4,889 $ 3,974
Accounts receivable, net of allowance for uncollectible accounts 89,158 90,473
Unbilled revenues 70,904 54,055
Other receivables 24,338 17,582
Current portion of Westmoreland Loan 0 3,576
Materials, supplies, and fuel stock 74,785 66,502
Regulatory assets 6,586 2,933
Commodity derivative instruments 1,094 1,088
Income taxes receivable 7,670 6,879
Other current assets 51,818 47,358
Total current assets 331,242 294,420
Other Property and Investments:    
Long-term portion of Westmoreland Loan 0 53,064
Investment securities 323,105 323,524
Equity investment in NMRD 24,761 16,510
Other investments 373 503
Non-utility property 3,404 3,404
Total other property and investments 351,643 397,005
Utility Plant:    
Plant in service and held for future use 7,438,356 7,238,285
Less accumulated depreciation and amortization 2,648,684 2,592,692
Net plant in service and plant held for future use 4,789,672 4,645,593
Construction work in progress 220,065 245,933
Nuclear fuel, net of accumulated amortization 90,962 88,701
Net utility plant 5,100,699 4,980,227
Deferred Charges and Other Assets:    
Regulatory assets 588,971 600,672
Goodwill 278,297 278,297
Commodity derivative instruments 3,014 3,556
Other deferred charges 96,223 91,926
Total deferred charges and other assets 966,505 974,451
Total assets 6,750,089 6,646,103
Current Liabilities:    
Short-term debt 282,600 305,400
Current installments of long-term debt 471,690 256,895
Accounts payable 82,851 121,383
Customer deposits 10,919 11,028
Accrued interest and taxes 58,283 62,357
Regulatory liabilities 0 2,309
Commodity derivative instruments 1,416 1,182
Dividends declared 132 21,240
Other current liabilities 54,259 53,850
Total current liabilities 962,150 835,644
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,122,352 2,180,750
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 566,084 547,210
Regulatory liabilities 928,706 933,578
Asset retirement obligations 152,300 146,679
Accrued pension liability and postretirement benefit cost 84,934 94,003
Commodity derivative instruments 3,014 3,556
Other deferred credits 130,705 131,706
Total deferred credits and other liabilities 1,865,743 1,856,732
Total liabilities 4,950,245 4,873,126
Commitments and Contingencies (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 1,149,646 1,157,665
Accumulated other comprehensive income (loss), net of income taxes (103,757) (95,940)
Retained earnings 676,826 633,528
Total stockholders' equity 1,722,715 1,695,253
Non-controlling interest in Valencia 65,600 66,195
Total equity 1,788,315 1,761,448
Total liabilities and stockholders' equity 6,750,089 6,646,103
PNM    
Current Assets:    
Cash and cash equivalents 2,874 1,108
Accounts receivable, net of allowance for uncollectible accounts 62,677 67,227
Unbilled revenues 58,880 43,869
Other receivables 22,680 14,541
Affiliate receivables 9,037 9,486
Materials, supplies, and fuel stock 67,930 60,859
Regulatory assets 5,815 2,139
Commodity derivative instruments 1,094 1,088
Income taxes receivable 3,754 3,410
Other current assets 46,369 39,904
Total current assets 281,110 243,631
Other Property and Investments:    
Investment securities 323,105 323,524
Other investments 153 283
Non-utility property 96 96
Total other property and investments 323,354 323,903
Utility Plant:    
Plant in service and held for future use 5,672,141 5,501,070
Less accumulated depreciation and amortization 2,064,741 2,029,534
Net plant in service and plant held for future use 3,607,400 3,471,536
Construction work in progress 114,535 204,079
Nuclear fuel, net of accumulated amortization 90,962 88,701
Net utility plant 3,812,897 3,764,316
Deferred Charges and Other Assets:    
Regulatory assets 447,691 459,239
Goodwill 51,632 51,632
Commodity derivative instruments 3,014 3,556
Other deferred charges 74,579 75,286
Total deferred charges and other assets 576,916 589,713
Total assets 4,994,277 4,921,563
Current Liabilities:    
Short-term debt 33,600 39,800
Short-term debt - affiliate 4,900 0
Current installments of long-term debt 200,012 23
Accounts payable 64,885 77,094
Affiliate payables 8,186 22,875
Customer deposits 10,919 11,028
Accrued interest and taxes 33,301 33,945
Regulatory liabilities 0 784
Commodity derivative instruments 1,416 1,182
Dividends declared 132 132
Other current liabilities 34,910 31,633
Total current liabilities 392,261 218,496
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,455,748 1,657,887
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 463,895 449,012
Regulatory liabilities 742,574 754,441
Asset retirement obligations 151,289 145,707
Accrued pension liability and postretirement benefit cost 78,184 86,124
Commodity derivative instruments 3,014 3,556
Other deferred credits 172,171 106,442
Total deferred credits and other liabilities 1,611,127 1,545,282
Total liabilities 3,459,136 3,421,665
Commitments and Contingencies (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 (106,709) (97,093)
Retained earnings 299,803 254,349
Total stockholders' equity 1,458,012 1,422,174
Non-controlling interest in Valencia 65,600 66,195
Total equity 1,523,612 1,488,369
Total liabilities and stockholders' equity 4,994,277 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 26,481 23,246
Unbilled revenues 12,024 10,186
Other receivables 2,639 2,860
Affiliate receivables 0 336
Materials, supplies, and fuel stock 6,855 5,643
Regulatory assets 771 794
Other current assets 1,752 1,131
Total current assets 50,522 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 1,531,459 1,504,778
Less accumulated depreciation and amortization 470,741 460,858
Net plant in service and plant held for future use 1,060,718 1,043,920
Construction work in progress 94,810 34,350
Net utility plant 1,155,528 1,078,270
Deferred Charges and Other Assets:    
Regulatory assets 141,280 141,433
Goodwill 226,665 226,665
Other deferred charges 6,856 6,046
Total deferred charges and other assets 374,801 374,144
Total assets 1,583,311 1,500,770
Current Liabilities:    
Short-term debt 13,500 0
Short-term debt - affiliate 100 0
Current installments of long-term debt 171,683 0
Accounts payable 10,766 29,812
Affiliate payables 6,112 667
Accrued interest and taxes 31,229 29,619
Regulatory liabilities 0 1,525
Other current liabilities 3,604 2,450
Total current liabilities 236,994 64,073
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 368,644 480,620
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 125,623 126,415
Regulatory liabilities 186,132 179,137
Asset retirement obligations 826 793
Accrued pension liability and postretirement benefit cost 6,750 7,879
Other deferred credits 9,594 7,448
Total deferred credits and other liabilities 328,925 321,672
Total liabilities 934,563 866,365
Commitments and Contingencies (Note 11)
Company common stockholders’ equity:    
Common stock 64 64
Paid-in-capital 504,166 504,166
Retained earnings 144,518 130,175
Total stockholders' equity 648,748 634,405
Total liabilities and stockholders' equity $ 1,583,311 $ 1,500,770