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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
Dec. 31, 2017
Current Assets:        
Cash and cash equivalents $ 20,094 $ 2,122 $ 34,964 $ 3,974
Accounts receivable, net of allowance for uncollectible accounts 115,448 92,800    
Unbilled revenues 57,146 57,092    
Other receivables 14,058 11,369    
Materials, supplies, and fuel stock 77,742 71,834    
Regulatory assets 3,678 4,534    
Income taxes receivable 4,237 7,965    
Other current assets 48,761 54,808    
Total current assets 341,164 302,524    
Other Property and Investments:        
Investment securities 369,017 328,242    
Equity investment in NMRD 56,084 26,564    
Other investments 240 297    
Non-utility property, net 10,633 3,404    
Total other property and investments 435,974 358,507    
Utility Plant:        
Plant in service, held for future use, and to be abandoned 7,680,996 7,548,581    
Less accumulated depreciation and amortization 2,688,066 2,604,177    
Net plant in service and plant held for future use 4,992,930 4,944,404    
Construction work in progress 258,285 194,427    
Nuclear fuel, net of accumulated amortization 95,916 95,798    
Net utility plant 5,347,131 5,234,629    
Deferred Charges and Other Assets:        
Regulatory assets 566,314 598,930    
Goodwill 278,297 278,297 278,297  
Operating lease right-of-use assets, net of accumulated amortization 137,637      
Other deferred charges 94,415 92,664    
Total deferred charges and other assets 1,076,663 969,891    
Total assets 7,200,932 6,865,551 6,848,995  
Current Liabilities:        
Short-term debt 289,600 235,900    
Current installments of long-term debt 385,227 0    
Accounts payable 81,679 112,170    
Customer deposits 10,730 10,695    
Accrued interest and taxes 73,610 65,156    
Regulatory liabilities 6,938 9,446    
Operating lease liabilities 28,204      
Dividends declared 23,231 23,231    
Other current liabilities 46,510 55,855    
Total current liabilities 945,729 512,453    
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,467,002 2,670,111    
Deferred Credits and Other Liabilities:        
Accumulated deferred income taxes 614,011 600,719    
Regulatory liabilities 871,132 891,428    
Asset retirement obligations 179,646 158,674    
Accrued pension liability and postretirement benefit cost 88,335 100,375    
Operating lease liabilities 106,621      
Other deferred credits 181,839 167,668    
Total deferred credits and other liabilities 2,041,584 1,918,864    
Total liabilities 5,454,315 5,101,428    
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 1,149,583 1,153,113    
Accumulated other comprehensive income (loss), net of income taxes (98,881) (108,684)    
Retained earnings 620,211 643,953    
Total stockholders' equity 1,670,913 1,688,382    
Non-controlling interest in Valencia 64,175 64,212    
Total equity 1,735,088 1,752,594 1,836,522 1,761,448
Total liabilities and stockholders' equity 7,200,932 6,865,551    
PNM        
Current Assets:        
Cash and cash equivalents 17,139 85 31,486 1,108
Accounts receivable, net of allowance for uncollectible accounts 80,250 68,603    
Unbilled revenues 44,657 47,113    
Other receivables 13,587 10,650    
Affiliate receivables 8,883 15,871    
Materials, supplies, and fuel stock 72,372 67,097    
Regulatory assets 779 4,534    
Income taxes receivable 9,907 12,850    
Other current assets 37,213 43,516    
Total current assets 284,787 270,319    
Other Property and Investments:        
Investment securities 369,017 328,242    
Other investments 62 91    
Non-utility property, net 3,839 96    
Total other property and investments 372,918 328,429    
Utility Plant:        
Plant in service, held for future use, and to be abandoned 5,626,070 5,623,520    
Less accumulated depreciation and amortization 2,049,859 2,006,266    
Net plant in service and plant held for future use 3,576,211 3,617,254    
Construction work in progress 144,778 134,221    
Nuclear fuel, net of accumulated amortization 95,916 95,798    
Net utility plant 3,816,905 3,847,273    
Deferred Charges and Other Assets:        
Regulatory assets 444,048 460,903    
Goodwill 51,632 51,632    
Operating lease right-of-use assets, net of accumulated amortization 126,313      
Other deferred charges 80,228 77,327    
Total deferred charges and other assets 702,221 589,862    
Total assets 5,176,831 5,035,883    
Current Liabilities:        
Short-term debt 0 42,400    
Current installments of long-term debt 350,227 0    
Short-term debt - affiliate 0 19,800    
Accounts payable 59,043 75,114    
Affiliate payables 11,537 164    
Customer deposits 10,730 10,695    
Accrued interest and taxes 53,005 35,767    
Regulatory liabilities 5,620 5,975    
Operating lease liabilities 24,940      
Dividends declared 132 132    
Other current liabilities 96,100 32,976    
Total current liabilities 611,334 223,023    
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,357,410 1,656,490    
Deferred Credits and Other Liabilities:        
Accumulated deferred income taxes 508,115 502,767    
Regulatory liabilities 688,109 713,971    
Asset retirement obligations 178,731 157,814    
Accrued pension liability and postretirement benefit cost 81,871 92,981    
Operating lease liabilities 98,394      
Other deferred credits 154,999 215,737    
Total deferred credits and other liabilities 1,710,219 1,683,270    
Total liabilities 3,678,963 3,562,783    
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 (98,414) (110,422)    
Retained earnings 255,660 242,863    
Total stockholders' equity 1,422,164 1,397,359    
Non-controlling interest in Valencia 64,175 64,212    
Total equity 1,486,339 1,461,571 1,602,800 1,488,369
Total liabilities and stockholders' equity 5,176,831 5,035,883    
Texas-New Mexico Power Company        
Current Assets:        
Cash and cash equivalents 0 0 0 1,700
Accounts receivable, net of allowance for uncollectible accounts 35,198 24,196    
Unbilled revenues 12,489 9,979    
Other receivables 1,981 1,721    
Affiliate receivables 0 164    
Materials, supplies, and fuel stock 5,370 4,737    
Regulatory assets 2,899 0    
Other current assets 1,825 1,114    
Total current assets 59,762 41,911    
Other Property and Investments:        
Other investments 178 206    
Non-utility property, net 5,653 2,240    
Total other property and investments 5,831 2,446    
Utility Plant:        
Plant in service, held for future use, and to be abandoned 1,809,374 1,686,119    
Less accumulated depreciation and amortization 513,141 487,734    
Net plant in service and plant held for future use 1,296,233 1,198,385    
Construction work in progress 103,923 51,459    
Net utility plant 1,400,156 1,249,844    
Deferred Charges and Other Assets:        
Regulatory assets 122,266 138,027    
Goodwill 226,665 226,665    
Operating lease right-of-use assets, net of accumulated amortization 10,649      
Other deferred charges 6,737 6,284    
Total deferred charges and other assets 366,317 370,976    
Total assets 1,832,066 1,665,177    
Current Liabilities:        
Short-term debt 15,000 17,500    
Current installments of long-term debt 35,000 0    
Short-term debt - affiliate 800 100    
Accounts payable 16,853 23,804    
Affiliate payables 4,641 1,210    
Accrued interest and taxes 53,881 41,882    
Regulatory liabilities 1,318 3,471    
Operating lease liabilities 2,862      
Other current liabilities 3,952 2,861    
Total current liabilities 134,307 90,828    
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 670,756 575,398    
Deferred Credits and Other Liabilities:        
Accumulated deferred income taxes 133,910 136,238    
Regulatory liabilities 183,023 177,458    
Asset retirement obligations 915 860    
Accrued pension liability and postretirement benefit cost 6,464 7,394    
Operating lease liabilities 7,655      
Other deferred credits 6,669 2,908    
Total deferred credits and other liabilities 338,636 324,858    
Total liabilities 1,143,699 991,084    
Commitments and Contingencies (Note 11)    
Company common stockholders’ equity:        
Common stock 64 64    
Paid-in-capital 534,166 534,166    
Retained earnings 154,137 139,863    
Total stockholders' equity 688,367 674,093 $ 649,480 $ 634,405
Total liabilities and stockholders' equity $ 1,832,066 $ 1,665,177