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Schedule I - Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Disclosure [Abstract]

Schedule I - Condensed Financial Information of Parent Company

SCHEDULE I

PNM RESOURCES, INC.

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENTS OF EARNINGS

			Year ended December 31,
			2020						2019						2018
			(In thousands)
Operating Revenues			$	—					$	—					$	—
Operating Expenses			28,299						3,983						7,475
Operating income (loss)			(28,299)						(3,983)						(7,475)
Other Income and Deductions:
Equity in earnings of subsidiaries			211,291						96,324						109,995
Other income			(269)						731						2,048
Net other income and deductions			211,022						97,055						112,043
Interest Charges			19,078						19,581						19,453
Earnings Before Income Taxes			163,645						73,491						85,115
Income Tax Expense (Benefit)			(9,130)						(3,872)						(527)
Net Earnings			$	172,775					$	77,363					$	85,642

SCHEDULE I

PNM RESOURCES, INC.

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENTS OF CASH FLOWS

			Year Ended December 31,
			2020						2019						2018
			(In thousands)
Cash Flows From Operating Activities:
Net Cash Flows From Operating Activities			$	(17,646)					$	2,001					$	(2,566)
Cash Flows From Investing Activities:
Utility plant additions			1,122						1,100						826
Investments in subsidiaries			(301,000)						(80,000)						(30,000)
Cash dividends from subsidiaries			99,187						54,465						129,379
Net cash flows from investing activities			(200,691)						(24,435)						100,205
Cash Flows From Financing Activities:
Short-term loan borrowings (repayments)			—						(150,000)						50,000
Revolving credit facility borrowings (repayments), net			(131,900)						123,900						(148,700)
Long-term borrowings			230,000						150,000						349,652
Repayment of long-term debt			(50,000)						—						(250,000)
Issuance of common stock			283,208						—						—
Proceeds from stock option exercise			24						943						963
Awards of common stock			(11,984)						(9,918)						(12,635)
Dividends paid			(97,974)						(92,398)						(84,433)
Other, net			(3,064)						(107)						(2,414)
Net cash flows from financing activities			218,310						22,420						(97,567)
Change in Cash and Cash Equivalents			(27)						(14)						72
Cash and Cash Equivalents at Beginning of Period			79						93						21
Cash and Cash Equivalents at End of Period			$	52					$	79					$	93
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized			$	16,869					$	18,702					$	15,450
Income taxes paid (refunded), net			$	—					$	—					$	—

SCHEDULE I

PNM RESOURCES, INC.

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

BALANCE SHEETS

			December 31,
			2020						2019
			(In thousands)
Assets
Cash and cash equivalents			$	52					$	79
Intercompany receivables			71,567						79,059
Income taxes receivable			—						4,635
Other, net			5,545						2,876
Total current assets			77,164						86,649
Property, plant and equipment, net of accumulated depreciation of $15,706 and $14,583			23,191						24,313
Investment in subsidiaries			2,631,567						2,197,918
Other long-term assets			58,695						55,077
Total long-term assets			2,713,453						2,277,308
			$	2,790,617					$	2,363,957
Liabilities and Stockholders’ Equity
Short-term debt			$	12,000					$	112,100
Short-term debt-affiliate			8,819						40,619
Current maturities of long-term debt			229,948						50,000
Accrued interest and taxes			8,124						5,239
Other current liabilities			29,549						25,450
Total current liabilities			288,440						233,408
Long-term debt			449,909						449,048
Other long-term liabilities			2,803						2,803
Total liabilities			741,152						685,259
Common stock (no par value; 120,000,000 shares authorized; issued and outstanding 85,834,874 shares)			1,429,941						1,150,552
Accumulated other comprehensive income (loss), net of tax			(79,183)						(99,377)
Retained earnings			698,707						627,523
Total common stockholders’ equity			2,049,465						1,678,698
			$	2,790,617					$	2,363,957

See Notes 7, 8, 14, and 16 for information regarding commitments, contingencies, and maturities of long-term debt.

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- References

No definition available.

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section S99
-Paragraph 6
-Subparagraph (SX 210.5-04(Schedule I))
-URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

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