XML 71 R41.htm IDEA: XBRL DOCUMENT v3.20.4

Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Assets and Liabilities, Lessee

Information related to the Company’s operating leases recorded on the Consolidated Balance Sheets is presented below:

			December 31, 2020																		December 31, 2019
			PNM						TNMP						PNMR Consolidated						PNM						TNMP						PNMR Consolidated
			(In thousands)
Operating leases:
Operating lease assets, net of amortization			$	97,461					$	7,206					$	105,133					$	120,585					$	9,954					$	131,212
Current portion of operating lease liabilities			25,130						2,193						27,460						25,927						2,753						29,068
Long-term portion of operating lease liabilities			75,941						4,779						81,065						97,992						7,039						105,512

As discussed above, the Company classifies its fleet vehicle and equipment leases and its office equipment leases commencing on or after January 1, 2019 as financing leases. Information related to the Company’s financing leases recorded on the Consolidated Balance Sheets is presented below:

			December 31, 2020																		December 31, 2019
			PNM						TNMP						PNMR Consolidated						PNM						TNMP						PNMR Consolidated
			(In thousands)																		(In thousands)
Financing leases:
Non-utility property			$	11,453					$	13,299					$	25,055					$	4,857					$	4,910					$	10,028
Accumulated depreciation			(2,044)						(2,241)						(4,383)						(482)						(466)						(973)
Non-utility property, net			$	9,409					$	11,058					$	20,672					$	4,375					$	4,444					$	9,055
Other current liabilities			$	1,993					$	2,397					$	4,470					$	722					$	850					$	1,637
Other deferred credits			7,176						8,669						15,972						3,333						3,597						7,102

Lease, Cost

Information concerning the weighted average remaining lease terms and the weighted average discount rates used to determine the Company’s lease liabilities is presented below:

			December 31, 2020																		December 31, 2019
			PNM						TNMP						PNMR Consolidated						PNM						TNMP						PNMR Consolidated
Weighted average remaining lease term (years):
Operating leases			6.23						3.46						6.04						6.70						4.10						6.49
Financing leases			4.78						4.84						4.79						5.64						5.54						5.54
Weighted average discount rate:
Operating leases			3.93		%				4.06		%				3.94		%				3.89		%				3.95		%				3.90		%
Financing leases			2.76		%				2.84		%				2.80		%				3.68		%				3.65		%				3.64		%

Information for the components of lease expense is as follows:

			Year Ended December 31, 2020
			PNM						TNMP						PNMR Consolidated
			(In thousands)
Operating lease cost			$	27,302					$	2,870					$	30,418
Amounts capitalized			(1,020)						(2,375)						(3,395)
Total operating lease expense			26,282						495						27,023
Financing lease cost:
Amortization of right-of-use assets			1,563						1,775						3,412
Interest on lease liabilities			221						285						511
Amounts capitalized			(1,056)						(1,754)						(2,810)
Total financing lease expense			728						306						1,113
Variable lease expense			221						—						221
Short-term lease expense			288						5						295
Total lease expense for the period			$	27,519					$	806					$	28,652

			Year Ended December 31, 2019
			PNM						TNMP						PNMR Consolidated
			(In thousands)
Operating lease cost			$	28,254					$	3,341					$	31,963
Amounts capitalized			(1,319)						(2,594)						(3,913)
Total operating lease expense			26,935						747						28,050
Financing lease cost:
Amortization of right-of-use assets			481						466						973
Interest on lease liabilities			92						100						194
Amounts capitalized			(280)						(423)						(704)
Total financing lease expense			293						143						463
Variable lease expense			96						—						96
Short-term lease expense			346						26						414
Total lease expense for the period			$	27,670					$	916					$	29,023

Supplemental cash flow information related to the Company’s leases is as follows:

			Year Ended December 31, 2020																		Year Ended December 31, 2019
			PNM						TNMP						PNMR Consolidated						PNM						TNMP						PNMR Consolidated
			(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	26,007					$	596					$	27,121					$	26,392					$	935					$	27,849
Operating cash flows from financing leases			82						48						136						44						25						71
Finance cash flows from financing leases			557						307						936						183						109						313
Non-cash information related to right-of-use assets obtained in exchange for lease obligations:
Operating leases			$	—					$	—					$	—					$	143,816					$	12,942					$	157,816
Financing leases			6,588						8,985						15,614						4,473						4,910						9,645

Finance Lease, Liability, Maturity

Future expected lease payments are shown below:

			As of December 31, 2020
			PNM												TNMP												PNMR Consolidated
			Financing						Operating						Financing						Operating						Financing						Operating
			(In thousands)
2021			$	2,214					$	26,572					$	2,672					$	2,426					$	4,970					$	29,290
2022			2,159						26,266						2,557						1,987						4,797						28,464
2023			2,095						17,735						2,372						1,481						4,511						19,395
2024			1,434						7,899						1,897						895						3,335						8,841
2025			854						6,946						1,190						690						2,044						7,673
Later years			1,030						27,530						1,120						75						2,150						27,827
Total minimum lease payments			9,786						112,948						11,808						7,554						21,807						121,490
Less: Imputed interest			617						11,877						742						582						1,365						12,965
Lease liabilities as of December 31, 2020			$	9,169					$	101,071					$	11,066					$	6,972					$	20,442					$	108,525

Lessee, Operating Lease, Liability, Maturity

Future expected lease payments are shown below:

			As of December 31, 2020
			PNM												TNMP												PNMR Consolidated
			Financing						Operating						Financing						Operating						Financing						Operating
			(In thousands)
2021			$	2,214					$	26,572					$	2,672					$	2,426					$	4,970					$	29,290
2022			2,159						26,266						2,557						1,987						4,797						28,464
2023			2,095						17,735						2,372						1,481						4,511						19,395
2024			1,434						7,899						1,897						895						3,335						8,841
2025			854						6,946						1,190						690						2,044						7,673
Later years			1,030						27,530						1,120						75						2,150						27,827
Total minimum lease payments			9,786						112,948						11,808						7,554						21,807						121,490
Less: Imputed interest			617						11,877						742						582						1,365						12,965
Lease liabilities as of December 31, 2020			$	9,169					$	101,071					$	11,066					$	6,972					$	20,442					$	108,525

X

- Definition

Assets and Liabilities, Lessee [Table Text Block]

+ References

No definition available.

+ Details

Name:	pnm_AssetsandLiabilitiesLesseeTableTextBlock
Namespace Prefix:	pnm_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration