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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net earnings $ 56,141 $ 152,821
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 225,182 207,406
Deferred income tax expense (benefit) (33,220) 18,706
(Gains) on investment securities (20,299) (1,081)
Stock based compensation expense 5,424 4,551
Regulatory disallowances and restructuring costs 150,599 149
Allowance for equity funds used during construction (6,714) (7,098)
Other, net 1,945 2,631
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (24,698) (20,447)
Materials, supplies, and fuel stock (5,908) (8,731)
Other current assets (1,851) (13,657)
Other assets 33,284 2,608
Accounts payable (5,469) (32,638)
Accrued interest and taxes 12,182 17,113
Other current liabilities (2,530) 4,220
Other liabilities (32,812) (9,656)
Net cash flows from operating activities 351,256 316,897
Cash Flows From Investing Activities:    
Additions to utility plant (444,920) (365,484)
Proceeds from sales of investment securities 375,382 911,899
Purchases of investment securities (385,313) (920,217)
Principal repayments on Westmoreland Loan 0 56,640
Investments in NMRD (29,250) (9,000)
Other, net (192) (365)
Net cash flows from investing activities (484,293) (326,527)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net 53,700 (42,800)
Long-term borrowings 555,000 829,652
Repayment of long-term debt (372,302) (650,162)
Proceeds from stock option exercise 943 937
Awards of common stock (9,897) (12,505)
Dividends paid (69,695) (63,721)
Valencia’s transactions with its owner (10,225) (12,677)
Transmission interconnection and security deposit arrangements 8,340 0
Refunds paid under transmission interconnection arrangements (2,246) (2,246)
Debt issuance costs and other, net (2,609) (5,858)
Net cash flows from financing activities 151,009 40,620
Change in Cash, Restricted Cash, and Equivalents 17,972 30,990
Cash, Restricted Cash, and Equivalents at Beginning of Period 2,122 3,974
Cash, Restricted Cash, and Equivalents at End of Period 20,094 34,964
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 85,721 81,203
Income taxes paid (refunded), net (2,929) 842
Supplemental schedule of noncash investing activities:    
(Increase) decrease in accrued plant additions 25,023 16,177
PNM    
Cash Flows From Operating Activities:    
Net earnings 23,381 123,724
Net earnings 13,193 112,018
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 143,175 137,224
Deferred income tax expense (benefit) (31,382) 11,894
(Gains) on investment securities (20,299) (1,081)
Regulatory disallowances and restructuring costs 150,599 149
Allowance for equity funds used during construction (4,904) (5,473)
Other, net 1,911 2,411
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (11,187) (14,164)
Materials, supplies, and fuel stock (5,275) (7,308)
Other current assets 1,076 (15,493)
Other assets 25,884 11,829
Accounts payable (3,090) (23,990)
Accrued interest and taxes 20,182 13,560
Other current liabilities 24,072 (14,838)
Other liabilities (35,488) (12,228)
Net cash flows from operating activities 278,655 206,216
Cash Flows From Investing Activities:    
Additions to utility plant (234,773) (177,550)
Proceeds from sales of investment securities 375,382 911,899
Purchases of investment securities (385,313) (920,217)
Other, net 28 141
Net cash flows from investing activities (244,676) (185,727)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net (42,400) (39,800)
Short-term borrowings (repayments) – affiliate, net (19,800) 0
Long-term borrowings 250,000 450,000
Repayment of long-term debt (200,000) (450,025)
Dividends paid (396) (396)
Valencia’s transactions with its owner (10,225) (12,677)
Transmission interconnection and security deposit arrangements 8,340 68,200
Refunds paid under transmission interconnection arrangements (2,246) (2,246)
Debt issuance costs and other, net (198) (3,167)
Net cash flows from financing activities (16,925) 9,889
Change in Cash, Restricted Cash, and Equivalents 17,054 30,378
Cash, Restricted Cash, and Equivalents at Beginning of Period 85 1,108
Cash, Restricted Cash, and Equivalents at End of Period 17,139 31,486
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 42,284 50,160
Income taxes paid (refunded), net (3,544) 0
Supplemental schedule of noncash investing activities:    
(Increase) decrease in accrued plant additions 12,980 (27)
Texas-New Mexico Power Company    
Cash Flows From Operating Activities:    
Net earnings 44,452 40,879
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 63,654 51,076
Deferred income tax expense (benefit) (12,286) (3,259)
Allowance for equity funds used during construction (1,810) (1,624)
Other, net 33 184
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (13,512) (6,283)
Materials, supplies, and fuel stock (633) (1,423)
Other current assets (3,870) 759
Other assets 6,444 (9,169)
Accounts payable 848 (4,277)
Accrued interest and taxes 12,000 18,389
Other current liabilities 1,684 6,092
Other liabilities (289) 2,613
Net cash flows from operating activities 96,715 93,957
Cash Flows From Investing Activities:    
Additions to utility plant (195,054) (170,785)
Net cash flows from investing activities (195,054) (170,785)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net (2,500) 17,500
Short-term borrowings (repayments) – affiliate, net 700 4,100
Long-term borrowings 305,000 80,000
Repayment of long-term debt (172,302) 0
Dividends paid (30,178) (25,804)
Debt issuance costs and other, net (2,381) (668)
Net cash flows from financing activities 98,339 75,128
Change in Cash, Restricted Cash, and Equivalents 0 (1,700)
Cash, Restricted Cash, and Equivalents at Beginning of Period 0 1,700
Cash, Restricted Cash, and Equivalents at End of Period 0 0
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 24,238 16,338
Income taxes paid (refunded), net 615 842
Supplemental schedule of noncash investing activities:    
(Increase) decrease in accrued plant additions $ 7,799 $ 12,822