XML 58 R42.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Information - Summarized Financial Information (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
segment
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Segment Reporting Information [Line Items]          
Number of operating segments | segment     1    
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues $ 426,540 $ 357,649 $ 791,247 $ 691,271  
Other operating expenses 128,934 122,614 265,205 240,815  
Depreciation and amortization 70,727 70,022 140,601 138,995  
Operating income 74,203 71,150 117,369 118,888  
Interest income 3,578 3,071 7,137 6,494  
Other income (deductions) 12,398 22,703 14,328 (11,303)  
Interest charges (24,119) (31,088) (50,003) (61,522)  
Earnings before Income Taxes 66,060 65,836 88,831 52,557  
Income taxes (benefit) 8,299 4,275 9,865 2,395  
Net Earnings 57,761 61,561 78,966 50,162  
Valencia non-controlling interest (3,920) (3,940) (7,414) (7,669)  
Subsidiary preferred stock dividends (132) (132) (264) (264)  
Net Earnings Available for PNM Common Stock 53,709 57,489 71,288 42,229  
Total Assets 8,120,469 7,574,467 8,120,469 7,574,467 $ 7,939,854
Goodwill 278,297 278,297 278,297 278,297 $ 278,297
PNM          
Segment Reporting Information, Profit (Loss) [Abstract]          
Other operating expenses 105,925 101,557 213,253 200,113  
Depreciation and amortization 42,489 41,763 84,438 83,212  
Operating income 51,767 49,584 84,817 83,188  
Interest income 3,417 3,147 7,012 6,643  
Other income (deductions) 11,103 20,954 12,347 (13,072)  
Interest charges (13,039) (19,178) (25,932) (36,807)  
Earnings before Income Taxes 53,248 54,507 78,244 39,952  
Income taxes (benefit) 7,844 4,895 10,678 2,536  
Net Earnings 45,404 49,612 67,566 37,416  
Valencia non-controlling interest (3,920) (3,940) (7,414) (7,669)  
Subsidiary preferred stock dividends (132) (132) (264) (264)  
Net Earnings Available for PNM Common Stock 41,352 45,540 59,888 29,483  
Total Assets 5,656,515 5,377,422 5,656,515 5,377,422  
Goodwill 51,632 51,632 51,632 51,632  
TNMP          
Segment Reporting Information, Profit (Loss) [Abstract]          
Other operating expenses 26,504 25,339 54,273 50,461  
Depreciation and amortization 22,475 22,368 44,665 44,204  
Operating income 24,704 23,175 41,729 37,520  
Interest income 0 0 0 0  
Other income (deductions) 1,045 1,963 2,107 2,524  
Interest charges (8,277) (7,361) (16,752) (14,533)  
Earnings before Income Taxes 17,472 17,777 27,084 25,511  
Income taxes (benefit) 1,822 1,603 2,699 2,245  
Net Earnings 15,650 16,174 24,385 23,266  
Valencia non-controlling interest 0 0 0 0  
Subsidiary preferred stock dividends 0 0 0 0  
Net Earnings Available for PNM Common Stock 15,650 16,174 24,385 23,266  
Total Assets 2,245,301 1,985,721 2,245,301 1,985,721  
Goodwill 226,665 226,665 226,665 226,665  
Corporate and Other          
Segment Reporting Information, Profit (Loss) [Abstract]          
Other operating expenses (3,495) (4,282) (2,321) (9,759)  
Depreciation and amortization 5,763 5,891 11,498 11,579  
Operating income (2,268) (1,609) (9,177) (1,820)  
Interest income 161 (76) 125 (149)  
Other income (deductions) 250 (214) (126) (755)  
Interest charges (2,803) (4,549) (7,319) (10,182)  
Earnings before Income Taxes (4,660) (6,448) (16,497) (12,906)  
Income taxes (benefit) (1,367) (2,223) (3,512) (2,386)  
Net Earnings (3,293) (4,225) (12,985) (10,520)  
Valencia non-controlling interest 0 0 0 0  
Subsidiary preferred stock dividends 0 0 0 0  
Net Earnings Available for PNM Common Stock (3,293) (4,225) (12,985) (10,520)  
Total Assets 218,653 211,324 218,653 211,324  
Goodwill 0 0 0 0  
Cost of energy          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 426,540 357,649 791,247 691,271  
Cost of energy 152,676 93,863 268,072 192,573  
Utility margin 273,864 263,786 523,175 498,698  
Cost of energy | PNM          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 323,949 260,788 595,162 508,921  
Cost of energy 123,768 67,884 212,654 142,408  
Utility margin 200,181 192,904 382,508 366,513  
Cost of energy | TNMP          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 102,591 96,861 196,085 182,350  
Cost of energy 28,908 25,979 55,418 50,165  
Utility margin 73,683 70,882 140,667 132,185  
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  
Utility margin $ 0 $ 0 $ 0 $ 0