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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:    
Net earnings $ 78,966 $ 50,162
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 158,204 155,799
Deferred income tax expense 9,362 2,087
(Gains) losses on investment securities (14,160) 11,229
Stock based compensation expense 5,712 5,230
Allowance for equity funds used during construction (5,525) (3,475)
Other, net 3,403 2,998
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (31,424) (25,121)
Materials, supplies, and fuel stock 4,451 8,253
Other current assets (23,483) (18,475)
Other assets 12,410 12,935
Accounts payable 990 (5,919)
Accrued interest and taxes (8,929) (15,568)
Other current liabilities 8,772 7,687
Other liabilities (24,186) (22,040)
Net cash flows from operating activities 174,563 165,782
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (335,033) (343,807)
Proceeds from sales of investment securities 363,291 354,651
Purchases of investment securities (367,325) (359,840)
Investments in NMRD 0 (18,250)
Distributions from NMRD 572 0
Other, net 93 19
Net cash flows used in investing activities (338,402) (367,227)
Cash Flows From Financing Activities:    
Short-term borrowings, net 0 494
Revolving credit facilities borrowings, net 59,500 66,955
Long-term borrowings 1,145,000 660,345
Repayment of long-term debt (1,005,000) (450,345)
Proceeds from stock option exercise 0 24
Awards of common stock (9,953) (11,984)
Dividends paid (56,486) (49,251)
Valencia’s transactions with its owner (9,256) (10,794)
Transmission interconnection and security deposit arrangements 15,875 3,364
Refunds paid under transmission interconnection arrangements (4,163) (3,816)
Debt issuance costs and other, net (1,149) (4,557)
Net cash flows from financing activities 134,368 200,435
Change in Cash, Restricted Cash, and Equivalents (29,471) (1,010)
Cash, Restricted Cash, and Equivalents at Beginning of Period 47,928 3,833
Cash, Restricted Cash, and Equivalents at End of Period 18,457 2,823
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 49,127 57,600
Income taxes paid (refunded), net 892 (131)
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 42,057 21,265
PNM    
Cash Flows From Operating Activities:    
Net earnings 67,566 37,416
Net earnings 60,152 29,747
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 100,445 98,841
Deferred income tax expense 10,820 2,861
(Gains) losses on investment securities (14,160) 11,229
Allowance for equity funds used during construction (4,282) (2,399)
Other, net 1,799 3,605
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (28,252) (19,898)
Materials, supplies, and fuel stock 4,954 8,773
Other current assets (19,951) (11,790)
Other assets 10,997 9,436
Accounts payable 4,765 (727)
Accrued interest and taxes 330 (9,504)
Other current liabilities 13,377 7,790
Other liabilities (22,824) (20,190)
Net cash flows from operating activities 125,584 115,443
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (161,391) (183,276)
Proceeds from sales of investment securities 363,291 354,651
Purchases of investment securities (367,325) (359,840)
Other, net 94 19
Net cash flows used in investing activities (165,331) (188,446)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings, net (10,000) 29,055
Long-term borrowings 75,000 550,345
Repayment of long-term debt (40,000) (450,345)
Dividends paid (264) (40,918)
Valencia’s transactions with its owner (9,256) (10,794)
Transmission interconnection and security deposit arrangements 12,275 1,962
Refunds paid under transmission interconnection arrangements (1,861) (3,816)
Debt issuance costs and other, net (321) (2,541)
Net cash flows from financing activities 25,573 72,948
Change in Cash, Restricted Cash, and Equivalents (14,174) (55)
Cash, Restricted Cash, and Equivalents at Beginning of Period 31,446 1,001
Cash, Restricted Cash, and Equivalents at End of Period 17,272 946
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 23,942 34,371
Income taxes paid (refunded), net 0 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 33,639 13,601
Texas-New Mexico Power Company    
Cash Flows From Operating Activities:    
Net earnings 24,385 23,266
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 45,123 44,767
Deferred income tax expense (2,427) (4,882)
Other, net (1,220) (1,054)
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (3,172) (5,223)
Materials, supplies, and fuel stock (503) (520)
Other current assets (4,627) (4,329)
Other assets 2,680 4,359
Accounts payable (2,590) (2,108)
Accrued interest and taxes (1,921) 893
Other current liabilities 3,216 4,059
Other liabilities (2,934) (1,079)
Net cash flows from operating activities 56,010 58,149
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (161,984) (148,000)
Net cash flows used in investing activities (161,984) (148,000)
Cash Flows From Financing Activities:    
Short-term borrowings, net 0 494
Revolving credit facilities borrowings, net 38,200 (2,400)
Long-term borrowings 0 110,000
Equity contribution from parent 52,000 0
Dividends paid 0 (18,439)
Transmission interconnection and security deposit arrangements 3,600 1,402
Refunds paid under transmission interconnection arrangements (2,302) 0
Debt issuance costs and other, net (156) (1,975)
Net cash flows from financing activities 91,342 89,082
Change in Cash, Restricted Cash, and Equivalents (14,632) (769)
Cash, Restricted Cash, and Equivalents at Beginning of Period 14,800 1,000
Cash, Restricted Cash, and Equivalents at End of Period 168 231
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 16,016 13,465
Income taxes paid (refunded), net 892 (131)
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 3,800 $ 1,816