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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 34,964 $ 3,974
Accounts receivable, net of allowance for uncollectible accounts 108,648 90,473
Unbilled revenues 53,832 54,055
Other receivables 22,246 17,582
Current portion of Westmoreland Loan 0 3,576
Materials, supplies, and fuel stock 75,234 66,502
Regulatory assets 7,261 2,933
Commodity derivative instruments 1,083 1,088
Income taxes receivable 7,589 6,879
Other current assets 53,068 47,358
Total current assets 363,925 294,420
Other Property and Investments:    
Long-term portion of Westmoreland Loan 0 53,064
Investment securities 331,746 323,524
Equity investment in NMRD 26,029 16,510
Other investments 348 503
Non-utility property 3,404 3,404
Total other property and investments 361,527 397,005
Utility Plant:    
Plant in service and held for future use 7,527,250 7,238,285
Less accumulated depreciation and amortization 2,683,626 2,592,692
Net plant in service and plant held for future use 4,843,624 4,645,593
Construction work in progress 227,367 245,933
Nuclear fuel, net of accumulated amortization 92,838 88,701
Net utility plant 5,163,829 4,980,227
Deferred Charges and Other Assets:    
Regulatory assets 580,828 600,672
Goodwill 278,297 278,297
Commodity derivative instruments 2,741 3,556
Other deferred charges 97,848 91,926
Total deferred charges and other assets 959,714 974,451
Total assets 6,848,995 6,646,103
Current Liabilities:    
Short-term debt 262,600 305,400
Current installments of long-term debt 471,880 256,895
Accounts payable 72,568 121,383
Customer deposits 10,833 11,028
Accrued interest and taxes 80,181 62,357
Regulatory liabilities 9,300 2,309
Commodity derivative instruments 1,092 1,182
Dividends declared 21,240 21,240
Other current liabilities 50,781 53,850
Total current liabilities 980,475 835,644
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,142,631 2,180,750
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 586,295 547,210
Regulatory liabilities 925,116 933,578
Asset retirement obligations 155,203 146,679
Accrued pension liability and postretirement benefit cost 80,871 94,003
Commodity derivative instruments 2,741 3,556
Other deferred credits 127,612 131,706
Total deferred credits and other liabilities 1,877,838 1,856,732
Total liabilities 5,000,944 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 1,150,648 1,157,665
Accumulated other comprehensive income (loss), net of income taxes (101,480) (95,940)
Retained earnings 722,130 633,528
Total stockholders' equity 1,771,298 1,695,253
Non-controlling interest in Valencia 65,224 66,195
Total equity 1,836,522 1,761,448
Total liabilities and stockholders' equity 6,848,995 6,646,103
PNM    
Current Assets:    
Cash and cash equivalents 31,486 1,108
Accounts receivable, net of allowance for uncollectible accounts 79,526 67,227
Unbilled revenues 43,239 43,869
Other receivables 21,158 14,541
Affiliate receivables 8,855 9,486
Materials, supplies, and fuel stock 68,167 60,859
Regulatory assets 7,063 2,139
Commodity derivative instruments 1,083 1,088
Income taxes receivable 4,294 3,410
Other current assets 46,467 39,904
Total current assets 311,338 243,631
Other Property and Investments:    
Investment securities 331,746 323,524
Other investments 142 283
Non-utility property 96 96
Total other property and investments 331,984 323,903
Utility Plant:    
Plant in service and held for future use 5,681,620 5,501,070
Less accumulated depreciation and amortization 2,087,595 2,029,534
Net plant in service and plant held for future use 3,594,025 3,471,536
Construction work in progress 141,174 204,079
Nuclear fuel, net of accumulated amortization 92,838 88,701
Net utility plant 3,828,037 3,764,316
Deferred Charges and Other Assets:    
Regulatory assets 440,346 459,239
Goodwill 51,632 51,632
Commodity derivative instruments 2,741 3,556
Other deferred charges 76,683 75,286
Total deferred charges and other assets 571,402 589,713
Total assets 5,042,761 4,921,563
Current Liabilities:    
Short-term debt 0 39,800
Current installments of long-term debt 199,993 23
Accounts payable 53,131 77,094
Affiliate payables 3,148 22,875
Customer deposits 10,833 11,028
Accrued interest and taxes 48,389 33,945
Regulatory liabilities 5,796 784
Commodity derivative instruments 1,092 1,182
Dividends declared 132 132
Other current liabilities 30,582 31,633
Total current liabilities 353,096 218,496
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,456,109 1,657,887
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 480,479 449,012
Regulatory liabilities 736,123 754,441
Asset retirement obligations 154,171 145,707
Accrued pension liability and postretirement benefit cost 74,368 86,124
Commodity derivative instruments 2,741 3,556
Other deferred credits 171,345 106,442
Total deferred credits and other liabilities 1,619,227 1,545,282
Total liabilities 3,428,432 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 (104,521) (97,093)
Retained earnings 377,179 254,349
Total stockholders' equity 1,537,576 1,422,174
Non-controlling interest in Valencia 65,224 66,195
Total equity 1,602,800 1,488,369
Total liabilities and stockholders' equity 5,042,761 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 29,122 23,246
Unbilled revenues 10,593 10,186
Other receivables 2,315 2,860
Affiliate receivables 0 336
Materials, supplies, and fuel stock 7,067 5,643
Regulatory assets 198 794
Other current assets 1,490 1,131
Total current assets 50,785 45,896
Other Property and Investments:    
Other investments 206 220
Non-utility property 2,240 2,240
Total other property and investments 2,446 2,460
Utility Plant:    
Plant in service and held for future use 1,602,210 1,504,778
Less accumulated depreciation and amortization 477,213 460,858
Net plant in service and plant held for future use 1,124,997 1,043,920
Construction work in progress 77,456 34,350
Net utility plant 1,202,453 1,078,270
Deferred Charges and Other Assets:    
Regulatory assets 140,482 141,433
Goodwill 226,665 226,665
Other deferred charges 6,011 6,046
Total deferred charges and other assets 373,158 374,144
Total assets 1,628,842 1,500,770
Current Liabilities:    
Short-term debt 17,500 0
Short-term debt - affiliate 4,100 0
Current installments of long-term debt 171,889 0
Accounts payable 12,714 29,812
Affiliate payables 3,792 667
Accrued interest and taxes 48,008 29,619
Regulatory liabilities 3,504 1,525
Other current liabilities 3,102 2,450
Total current liabilities 264,609 64,073
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 388,404 480,620
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 123,318 126,415
Regulatory liabilities 188,993 179,137
Asset retirement obligations 843 793
Accrued pension liability and postretirement benefit cost 6,503 7,879
Other deferred credits 6,692 7,448
Total deferred credits and other liabilities 326,349 321,672
Total liabilities 979,362 866,365
Commitments and Contingencies (Note 11)
Company common stockholders’ equity:    
Common stock 64 64
Paid-in-capital 504,166 504,166
Retained earnings 145,250 130,175
Total stockholders' equity 649,480 634,405
Total liabilities and stockholders' equity $ 1,628,842 $ 1,500,770