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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 7,521 $ 47,928
Accounts receivable, net of allowance for credit losses 102,462 113,410
Unbilled revenues 42,953 55,504
Other receivables 17,979 23,797
Materials, supplies, and fuel stock 62,113 66,417
Regulatory assets 29,133 202
Income taxes receivable 5,553 5,672
Other current assets 60,764 64,549
Total current assets 328,478 377,479
Other Property and Investments:    
Investment securities 437,028 440,115
Equity investment in NMRD 87,769 90,655
Other investments 186 284
Non-utility property, net 23,872 24,075
Total other property and investments 548,855 555,129
Utility Plant:    
Plant in service, held for future use, and to be abandoned 8,532,455 8,480,799
Less accumulated depreciation and amortization 2,883,146 2,835,170
Net plant in service and plant held for future use 5,649,309 5,645,629
Construction work in progress 282,704 218,719
Nuclear fuel, net of accumulated amortization 98,502 100,801
Net utility plant 6,030,515 5,965,149
Deferred Charges and Other Assets:    
Regulatory assets 555,150 557,790
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 99,017 105,133
Other deferred charges 102,997 100,877
Total deferred charges and other assets 1,035,461 1,042,097
Assets 7,943,309 7,939,854
Current Liabilities:    
Short-term debt 197,500 32,000
Current installments of long-term debt 1,010,559 575,518
Accounts payable 110,577 169,317
Customer deposits 4,877 6,606
Accrued interest and taxes 68,164 68,206
Regulatory liabilities 6,890 7,471
Operating lease liabilities 28,160 27,460
Dividends declared 28,243 28,243
Other current liabilities 56,150 62,841
Total current liabilities 1,511,120 977,662
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 2,205,133 2,719,632
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 702,008 694,512
Regulatory liabilities 854,748 850,228
Asset retirement obligations 185,700 183,421
Accrued pension liability and postretirement benefit cost 54,274 58,101
Operating lease liabilities 71,492 81,065
Other deferred credits 259,079 255,230
Total deferred credits and other liabilities 2,127,301 2,122,557
Total liabilities 5,843,554 5,819,851
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 1,425,133 1,429,941
Accumulated other comprehensive income (loss), net of income taxes (82,342) (79,183)
Retained earnings 688,175 698,707
Total stockholders' equity 2,030,966 2,049,465
Non-controlling interest in Valencia 57,260 59,009
Total equity 2,088,226 2,108,474
Total liabilities and stockholders' equity 7,943,309 7,939,854
PNM    
Current Assets:    
Cash and cash equivalents 5,920 31,446
Accounts receivable, net of allowance for credit losses 75,607 88,239
Unbilled revenues 33,927 43,724
Other receivables 16,160 21,814
Affiliate receivables 8,983 8,819
Materials, supplies, and fuel stock 56,132 60,472
Regulatory assets 29,133 0
Income taxes receivable 15,782 15,706
Other current assets 50,441 51,908
Total current assets 292,085 322,128
Other Property and Investments:    
Investment securities 437,028 440,115
Other investments 22 120
Non-utility property, net 9,661 9,505
Total other property and investments 446,711 449,740
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,057,687 6,022,753
Less accumulated depreciation and amortization 2,189,978 2,158,915
Net plant in service and plant held for future use 3,867,709 3,863,838
Construction work in progress 165,809 148,962
Nuclear fuel, net of accumulated amortization 98,502 100,801
Net utility plant 4,132,020 4,113,601
Deferred Charges and Other Assets:    
Regulatory assets 456,374 457,953
Goodwill 51,632 51,632
Operating lease right-of-use assets, net of accumulated amortization 91,652 97,461
Other deferred charges 90,672 88,518
Total deferred charges and other assets 690,330 695,564
Assets 5,561,146 5,581,033
Current Liabilities:    
Short-term debt 0 10,000
Current installments of long-term debt 345,701 345,570
Accounts payable 89,288 121,050
Affiliate payables 8,475 14,058
Customer deposits 4,877 6,606
Accrued interest and taxes 47,434 32,630
Regulatory liabilities 4,734 5,419
Operating lease liabilities 25,868 25,130
Dividends declared 132 132
Other current liabilities 36,410 33,737
Total current liabilities 562,919 594,332
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,351,494 1,351,050
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 586,266 579,150
Regulatory liabilities 663,429 664,873
Asset retirement obligations 184,982 182,718
Accrued pension liability and postretirement benefit cost 52,826 56,273
Operating lease liabilities 66,657 75,941
Other deferred credits 204,128 201,415
Total deferred credits and other liabilities 1,758,288 1,760,370
Total liabilities 3,672,701 3,705,752
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 1,494,918 1,494,918
Accumulated other comprehensive income (loss), net of income taxes (82,134) (78,511)
Retained earnings 406,872 388,336
Total stockholders' equity 1,819,656 1,804,743
Non-controlling interest in Valencia 57,260 59,009
Total equity 1,876,916 1,863,752
Total liabilities and stockholders' equity 5,561,146 5,581,033
Texas-New Mexico Power Company    
Current Assets:    
Cash and cash equivalents 0 14,800
Accounts receivable, net of allowance for credit losses 26,855 25,171
Unbilled revenues 9,026 11,780
Other receivables 3,610 3,703
Affiliate receivables 64 0
Materials, supplies, and fuel stock 5,981 5,945
Regulatory assets 0 202
Other current assets 897 1,738
Total current assets 46,433 63,339
Other Property and Investments:    
Other investments 164 164
Non-utility property, net 12,942 13,298
Total other property and investments 13,106 13,462
Utility Plant:    
Plant in service, held for future use, and to be abandoned 2,208,601 2,193,270
Less accumulated depreciation and amortization 548,896 537,707
Net plant in service and plant held for future use 1,659,705 1,655,563
Construction work in progress 107,000 61,359
Net utility plant 1,766,705 1,716,922
Deferred Charges and Other Assets:    
Regulatory assets 98,776 99,837
Goodwill 226,665 226,665
Operating lease right-of-use assets, net of accumulated amortization 6,937 7,206
Other deferred charges 4,628 5,149
Total deferred charges and other assets 337,006 338,857
Assets 2,163,250 2,132,580
Current Liabilities:    
Short-term debt 43,100 0
Accounts payable 16,973 33,620
Affiliate payables 3,460 5,883
Accrued interest and taxes 31,626 41,538
Regulatory liabilities 2,156 2,052
Operating lease liabilities 2,185 2,193
Other current liabilities 6,051 4,486
Total current liabilities 105,551 89,772
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 853,639 853,673
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 145,582 145,369
Regulatory liabilities 191,319 185,355
Asset retirement obligations 718 703
Accrued pension liability and postretirement benefit cost 1,448 1,828
Operating lease liabilities 4,515 4,779
Other deferred credits 26,065 25,423
Total deferred credits and other liabilities 369,647 363,457
Total liabilities 1,328,837 1,306,902
Commitments and Contingencies (Note 11)
Company common stockholders’ equity:    
Common stock 64 64
Paid-in-capital 685,166 685,166
Retained earnings 149,183 140,448
Total stockholders' equity 834,413 825,678
Total liabilities and stockholders' equity $ 2,163,250 $ 2,132,580