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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
Dec. 31, 2019
Current Assets:        
Cash and cash equivalents $ 18,457 $ 47,928 $ 2,823 $ 3,833
Accounts receivable, net of allowance for credit losses 123,540 113,410    
Unbilled revenues 69,229 55,504    
Other receivables 19,977 23,797    
Materials, supplies, and fuel stock 61,966 66,417    
Regulatory assets 32,525 202    
Income taxes receivable 6,061 5,672    
Other current assets 60,138 64,549    
Total current assets 391,893 377,479    
Other Property and Investments:        
Investment securities 453,007 440,115    
Equity investment in NMRD 88,504 90,655    
Other investments 190 284    
Non-utility property, net 24,170 24,075    
Total other property and investments 565,871 555,129    
Utility Plant:        
Plant in service, held for future use, and to be abandoned 8,650,041 8,480,799    
Less accumulated depreciation and amortization 2,907,778 2,835,170    
Net plant in service and plant held for future use 5,742,263 5,645,629    
Construction work in progress 293,050 218,719    
Nuclear fuel, net of accumulated amortization 99,118 100,801    
Net utility plant 6,134,431 5,965,149    
Deferred Charges and Other Assets:        
Regulatory assets 549,286 557,790    
Goodwill 278,297 278,297 278,297  
Operating lease right-of-use assets, net of accumulated amortization 92,498 105,133    
Other deferred charges 108,193 100,877    
Total deferred charges and other assets 1,028,274 1,042,097    
Assets 8,120,469 7,939,854 7,574,467  
Current Liabilities:        
Short-term debt 91,500 32,000    
Current installments of long-term debt 250,051 575,518    
Accounts payable 128,249 169,317    
Customer deposits 4,752 6,606    
Accrued interest and taxes 59,667 68,206    
Regulatory liabilities 2,802 7,471    
Operating lease liabilities 26,472 27,460    
Dividends declared 132 28,243    
Other current liabilities 72,842 62,841    
Total current liabilities 636,467 977,662    
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 3,186,052 2,719,632    
Deferred Credits and Other Liabilities:        
Accumulated deferred income taxes 718,843 694,512    
Regulatory liabilities 852,655 850,228    
Asset retirement obligations 188,007 183,421    
Accrued pension liability and postretirement benefit cost 50,584 58,101    
Operating lease liabilities 66,135 81,065    
Other deferred credits 264,799 255,230    
Total deferred credits and other liabilities 2,141,023 2,122,557    
Total liabilities 5,963,542 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 1,425,700 1,429,941    
Accumulated other comprehensive income (loss), net of income taxes (79,353) (79,183)    
Retained earnings 741,884 698,707    
Total stockholders' equity 2,088,231 2,049,465    
Non-controlling interest in Valencia 57,167 59,009    
Total equity 2,145,398 2,108,474 1,756,427 1,741,750
Total liabilities and stockholders' equity 8,120,469 7,939,854    
PNM        
Current Assets:        
Cash and cash equivalents 17,272 31,446 946 1,001
Accounts receivable, net of allowance for credit losses 95,184 88,239    
Unbilled revenues 57,462 43,724    
Other receivables 13,609 21,814    
Affiliate receivables 8,941 8,819    
Materials, supplies, and fuel stock 55,518 60,472    
Regulatory assets 27,210 0    
Income taxes receivable 15,848 15,706    
Other current assets 53,261 51,908    
Total current assets 344,305 322,128    
Other Property and Investments:        
Investment securities 453,007 440,115    
Other investments 26 120    
Non-utility property, net 9,808 9,505    
Total other property and investments 462,841 449,740    
Utility Plant:        
Plant in service, held for future use, and to be abandoned 6,096,941 6,022,753    
Less accumulated depreciation and amortization 2,203,768 2,158,915    
Net plant in service and plant held for future use 3,893,173 3,863,838    
Construction work in progress 170,717 148,962    
Nuclear fuel, net of accumulated amortization 99,118 100,801    
Net utility plant 4,163,008 4,113,601    
Deferred Charges and Other Assets:        
Regulatory assets 454,151 457,953    
Goodwill 51,632 51,632    
Operating lease right-of-use assets, net of accumulated amortization 85,738 97,461    
Other deferred charges 94,840 88,518    
Total deferred charges and other assets 686,361 695,564    
Assets 5,656,515 5,581,033    
Current Liabilities:        
Short-term debt 0 10,000    
Current installments of long-term debt 250,051 345,570    
Accounts payable 92,176 121,050    
Affiliate payables 16,746 14,058    
Customer deposits 4,752 6,606    
Accrued interest and taxes 33,103 32,630    
Regulatory liabilities 2,489 5,419    
Operating lease liabilities 24,250 25,130    
Dividends declared 132 132    
Other current liabilities 45,716 33,737    
Total current liabilities 469,415 594,332    
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,482,718 1,351,050    
Deferred Credits and Other Liabilities:        
Accumulated deferred income taxes 600,270 579,150    
Regulatory liabilities 663,245 664,873    
Asset retirement obligations 187,274 182,718    
Accrued pension liability and postretirement benefit cost 49,492 56,273    
Operating lease liabilities 61,834 75,941    
Other deferred credits 209,782 201,415    
Total deferred credits and other liabilities 1,771,897 1,760,370    
Total liabilities 3,724,030 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 (79,353) (78,511)    
Retained earnings 448,224 388,336    
Total stockholders' equity 1,863,789 1,804,743    
Non-controlling interest in Valencia 57,167 59,009    
Total equity 1,920,956 1,863,752 1,506,198 1,512,431
Total liabilities and stockholders' equity 5,656,515 5,581,033    
Texas-New Mexico Power Company        
Current Assets:        
Cash and cash equivalents 168 14,800 231 1,000
Accounts receivable, net of allowance for credit losses 28,356 25,171    
Unbilled revenues 11,767 11,780    
Other receivables 2,666 3,703    
Materials, supplies, and fuel stock 6,448 5,945    
Regulatory assets 5,315 202    
Other current assets 2,481 1,738    
Total current assets 57,201 63,339    
Other Property and Investments:        
Other investments 164 164    
Non-utility property, net 13,107 13,298    
Total other property and investments 13,271 13,462    
Utility Plant:        
Plant in service, held for future use, and to be abandoned 2,287,475 2,193,270    
Less accumulated depreciation and amortization 556,956 537,707    
Net plant in service and plant held for future use 1,730,519 1,655,563    
Construction work in progress 111,059 61,359    
Net utility plant 1,841,578 1,716,922    
Deferred Charges and Other Assets:        
Regulatory assets 95,135 99,837    
Goodwill 226,665 226,665    
Operating lease right-of-use assets, net of accumulated amortization 6,366 7,206    
Other deferred charges 5,085 5,149    
Total deferred charges and other assets 333,251 338,857    
Assets 2,245,301 2,132,580    
Current Liabilities:        
Short-term debt 38,200 0    
Accounts payable 27,231 33,620    
Affiliate payables 7,486 5,883    
Accrued interest and taxes 39,616 41,538    
Regulatory liabilities 313 2,052    
Operating lease liabilities 2,130 2,193    
Other current liabilities 7,052 4,486    
Total current liabilities 122,028 89,772    
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 853,606 853,673    
Deferred Credits and Other Liabilities:        
Accumulated deferred income taxes 147,382 145,369    
Regulatory liabilities 189,410 185,355    
Asset retirement obligations 733 703    
Accrued pension liability and postretirement benefit cost 1,092 1,828    
Operating lease liabilities 3,998 4,779    
Other deferred credits 24,989 25,423    
Total deferred credits and other liabilities 367,604 363,457    
Total liabilities 1,343,238 1,306,902    
Commitments and Contingencies (Note 11)    
Company common stockholders’ equity:        
Common stock 64 64    
Paid-in-capital 737,166 685,166    
Retained earnings 164,833 140,448    
Total stockholders' equity 902,063 825,678 $ 759,454 $ 754,627
Total liabilities and stockholders' equity $ 2,245,301 $ 2,132,580