XML 69 R41.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Information - Summarized Financial Information (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2019
USD ($)
segment
Sep. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Segment Reporting Information [Line Items]          
Number of operating segments | segment     1    
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues $ 433,586 $ 422,666 $ 1,113,458 $ 1,092,857  
Utility margin 324,850 309,130 799,313 799,054  
Other operating expenses 115,960 119,560 515,894 365,238  
Depreciation and amortization 68,350 61,580 199,771 180,365  
Operating income 140,540 127,990 83,648 253,451  
Interest income 3,440 3,400 10,489 11,862  
Other income (deductions) 2,330 3,574 21,369 3,214  
Interest charges (30,359) (30,492) (91,785) (96,868)  
Earnings before Income Taxes 115,951 104,472 23,721 171,659  
Income taxes (benefit) 9,188 12,899 (32,420) 18,838  
Net Earnings 106,763 91,573 56,141 152,821  
Valencia non-controlling interest (3,860) (3,920) (10,188) (11,706)  
Subsidiary preferred stock dividends (132) (132) (396) (396)  
Net Earnings Available for PNM Common Stock 102,771 87,521 45,557 140,719  
Total Assets 7,200,932 6,848,995 7,200,932 6,848,995 $ 6,865,551
Goodwill 278,297 278,297 278,297 278,297 $ 278,297
PNM          
Segment Reporting Information, Profit (Loss) [Abstract]          
Utility margin 246,198 238,990 595,529 602,569  
Other operating expenses 97,200 98,000 459,180 305,569  
Depreciation and amortization 40,545 38,474 119,581 113,314  
Operating income 108,453 102,516 16,768 183,686  
Interest income 3,515 3,472 10,701 9,340  
Other income (deductions) 770 2,515 19,307 588  
Interest charges (18,492) (18,063) (55,379) (58,881)  
Earnings before Income Taxes 94,246 90,440 (8,603) 134,733  
Income taxes (benefit) 9,525 9,012 (31,984) 11,009  
Net Earnings 84,721 81,428 23,381 123,724  
Valencia non-controlling interest (3,860) (3,920) (10,188) (11,706)  
Subsidiary preferred stock dividends (132) (132) (396) (396)  
Net Earnings Available for PNM Common Stock 80,729 77,376 12,797 111,622  
Total Assets 5,176,831 5,042,761 5,176,831 5,042,761  
Goodwill 51,632 51,632 51,632 51,632  
TNMP          
Segment Reporting Information, Profit (Loss) [Abstract]          
Utility margin 78,652 70,140 203,784 196,485  
Other operating expenses 24,051 25,140 73,303 73,624  
Depreciation and amortization 22,005 17,176 62,722 49,676  
Operating income 32,596 27,824 67,759 73,185  
Interest income 0 0 0 0  
Other income (deductions) 1,766 1,151 3,083 3,067  
Interest charges (7,047) (8,241) (22,408) (23,771)  
Earnings before Income Taxes 27,315 20,734 48,434 52,481  
Income taxes (benefit) 2,228 4,634 3,982 11,602  
Net Earnings 25,087 16,100 44,452 40,879  
Valencia non-controlling interest 0 0 0 0  
Subsidiary preferred stock dividends 0 0 0 0  
Net Earnings Available for PNM Common Stock 25,087 16,100 44,452 40,879  
Total Assets 1,832,066 1,628,842 1,832,066 1,628,842  
Goodwill 226,665 226,665 226,665 226,665  
Corporate and Other          
Segment Reporting Information, Profit (Loss) [Abstract]          
Utility margin 0 0 0 0  
Other operating expenses (5,291) (3,580) (16,589) (13,955)  
Depreciation and amortization 5,800 5,930 17,468 17,375  
Operating income (509) (2,350) (879) (3,420)  
Interest income (75) (72) (212) 2,522  
Other income (deductions) (206) (92) (1,021) (441)  
Interest charges (4,820) (4,188) (13,998) (14,216)  
Earnings before Income Taxes (5,610) (6,702) (16,110) (15,555)  
Income taxes (benefit) (2,565) (747) (4,418) (3,773)  
Net Earnings (3,045) (5,955) (11,692) (11,782)  
Valencia non-controlling interest 0 0 0 0  
Subsidiary preferred stock dividends 0 0 0 0  
Net Earnings Available for PNM Common Stock (3,045) (5,955) (11,692) (11,782)  
Total Assets 192,035 177,392 192,035 177,392  
Goodwill 0 0 0 0  
Cost of energy          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 433,586 422,666 1,113,458 1,092,857  
Cost of energy 108,736 113,536 314,145 293,803  
Cost of energy | PNM          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 331,113 331,374 838,649 832,116  
Cost of energy 84,915 92,384 243,120 229,547  
Cost of energy | TNMP          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 102,473 91,292 274,809 260,741  
Cost of energy 23,821 21,152 71,025 64,256  
Cost of energy | Corporate and Other          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 0 0 0 0  
Cost of energy $ 0 $ 0 $ 0 $ 0