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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities:    
Net earnings $ 196,648 $ 175,615
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 238,963 233,537
Deferred income tax expense 25,293 13,804
(Gains) on investment securities (16,108) (3,172)
Stock based compensation expense 6,728 6,560
Regulatory disallowances and restructuring costs 436 0
Allowance for equity funds used during construction (8,867) (6,728)
Other, net 4,594 3,107
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (46,649) (57,340)
Materials, supplies, and fuel stock (333) 10,495
Other current assets (20,005) (9,885)
Other assets 17,551 22,608
Accounts payable 5,934 (8,116)
Accrued interest and taxes 7,713 (3,765)
Other current liabilities 17,679 16,755
Other liabilities (21,065) (25,518)
Net cash flows from operating activities 408,512 367,957
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (496,185) (495,334)
Proceeds from sales of investment securities 396,870 489,218
Purchases of investment securities (405,142) (498,170)
Investments in NMRD 0 (23,250)
Distributions from NMRD 572 0
Other, net 108 166
Net cash flows used in investing activities (503,777) (527,370)
Cash Flows From Financing Activities:    
Short-term borrowings, net 0 494
Revolving credit facilities borrowings, net (18,100) (1,300)
Long-term borrowings 1,370,000 1,037,845
Repayment of long-term debt (1,165,000) (752,845)
Proceeds from stock option exercise 0 24
Awards of common stock (10,082) (11,984)
Dividends paid (84,729) (73,876)
Valencia’s transactions with its owner (14,238) (14,995)
Transmission interconnection and security deposit arrangements 31,878 8,614
Refunds paid under transmission interconnection arrangements (9,752) (4,400)
Debt issuance costs and other, net (3,159) (1,104)
Net cash flows from financing activities 96,818 186,473
Change in Cash, Restricted Cash, and Equivalents 1,553 27,060
Cash, Restricted Cash, and Equivalents at Beginning of Period 47,928 3,833
Cash, Restricted Cash, and Equivalents at End of Period 49,481 30,893
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 69,965 84,139
Income taxes paid (refunded), net 892 969
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 63,281 10,318
PNM    
Cash Flows From Operating Activities:    
Net earnings 158,842 140,420
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 151,775 147,790
Deferred income tax expense 24,034 16,607
(Gains) on investment securities (16,108) (3,172)
Regulatory disallowances and restructuring costs 436 0
Allowance for equity funds used during construction (6,655) (4,229)
Other, net 3,488 4,382
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (34,110) (46,312)
Materials, supplies, and fuel stock 143 10,945
Other current assets (20,398) (5,661)
Other assets 14,541 19,184
Accounts payable 14,411 (2,481)
Accrued interest and taxes 13,370 564
Other current liabilities 12,442 9,022
Other liabilities (34,394) (30,820)
Net cash flows from operating activities 281,817 256,239
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (247,064) (251,873)
Proceeds from sales of investment securities 396,870 489,218
Purchases of investment securities (405,142) (498,170)
Other, net 108 167
Net cash flows used in investing activities (255,228) (260,658)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings, net (10,000) (36,300)
Long-term borrowings 235,000 852,845
Repayment of long-term debt (200,000) (752,845)
Dividends paid (60,396) (41,049)
Valencia’s transactions with its owner (14,238) (14,995)
Transmission interconnection and security deposit arrangements 28,278 2,212
Refunds paid under transmission interconnection arrangements (2,450) (4,400)
Debt issuance costs and other, net (1,665) 1,077
Net cash flows from financing activities (25,471) 6,545
Change in Cash, Restricted Cash, and Equivalents 1,118 2,126
Cash, Restricted Cash, and Equivalents at Beginning of Period 31,446 1,001
Cash, Restricted Cash, and Equivalents at End of Period 32,564 3,127
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 33,189 45,614
Income taxes paid (refunded), net 0 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 45,441 3,955
Texas-New Mexico Power Company    
Cash Flows From Operating Activities:    
Net earnings 52,326 47,187
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 68,378 67,595
Deferred income tax expense (6,377) (10,737)
Allowance for equity funds used during construction (2,212) (2,499)
Other, net 60 33
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (12,539) (11,029)
Materials, supplies, and fuel stock (476) (450)
Other current assets (4,927) (570)
Other assets 5,168 5,910
Accounts payable (4,050) 952
Accrued interest and taxes 10,800 12,326
Other current liabilities (754) 830
Other liabilities 11,538 4,258
Net cash flows from operating activities 116,935 113,806
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (233,381) (228,976)
Net cash flows used in investing activities (233,381) (228,976)
Cash Flows From Financing Activities:    
Short-term borrowings, net 0 494
Revolving credit facilities borrowings, net 0 (15,000)
Long-term borrowings 65,000 185,000
Equity contribution from parent 52,000 0
Dividends paid 0 (34,613)
Transmission interconnection and security deposit arrangements 3,600 6,402
Refunds paid under transmission interconnection arrangements (7,302) 0
Debt issuance costs and other, net (736) (2,113)
Net cash flows from financing activities 112,562 140,170
Change in Cash, Restricted Cash, and Equivalents (3,884) 25,000
Cash, Restricted Cash, and Equivalents at Beginning of Period 14,800 1,000
Cash, Restricted Cash, and Equivalents at End of Period 10,916 26,000
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 25,085 22,340
Income taxes paid (refunded), net 892 969
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 14,166 $ 1,443