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Schedule I - Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule I - Condensed Financial Information of Parent Company | SCHEDULE I PNM RESOURCES, INC. CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF EARNINGS
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
| (In thousands)
Operating Revenues | $ | — |  |  | $ | — |  |  | $ | — |
Operating Expenses | 15,044 |  |  | 28,299 |  |  | 3,983 |
Operating (loss) | (15,044) |  |  | (28,299) |  |  | (3,983) |
Other Income and Deductions: |  |  |  |  |
Equity in earnings of subsidiaries | 221,004 |  |  | 211,291 |  |  | 96,324 |
Other income (loss) | 362 |  |  | (269) |  |  | 731 |
Net other income and (deductions) | 221,366 |  |  | 211,022 |  |  | 97,055 |
Interest Charges | 11,986 |  |  | 19,078 |  |  | 19,581 |
Earnings Before Income Taxes | 194,336 |  |  | 163,645 |  |  | 73,491 |
Income Tax (Benefit) | (1,493) |  |  | (9,130) |  |  | (3,872) |
Net Earnings | $ | 195,829 |  |  | $ | 172,775 |  |  | $ | 77,363 |
SCHEDULE I PNM RESOURCES, INC. CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF CASH FLOWS
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (In thousands)
Cash Flows From Operating Activities: |  |  |  |  |
Net Cash Flows From Operating Activities | $ | (28,514) |  |  | $ | (17,646) |  |  | $ | 2,001 |
Cash Flows From Investing Activities: |  |  |  |  |
Utility plant additions | 543 |  |  | 1,122 |  |  | 1,100 |
Investments in subsidiaries | (178,071) |  |  | (301,000) |  |  | (80,000) |
Cash dividends from subsidiaries | 60,000 |  |  | 99,187 |  |  | 54,465 |
Net cash flows from investing activities | (117,528) |  |  | (200,691) |  |  | (24,435) |
Cash Flows From Financing Activities: |  |  |  |  |
Short-term loan borrowings (repayments) | — |  |  | — |  |  | (150,000) |
Short-term borrowings (repayments) -affiliate, net | 6,400 |  |  | — |  |  | — |
Revolving credit facility borrowings (repayments), net | 42,900 |  |  | (131,900) |  |  | 123,900 |
Long-term borrowings | 1,120,000 |  |  | 230,000 |  |  | 150,000 |
Repayment of long-term debt | (900,000) |  |  | (50,000) |  |  | — |
Issuance of common stock | — |  |  | 283,208 |  |  | — |
Proceeds from stock option exercise | — |  |  | 24 |  |  | 943 |
Awards of common stock | (10,130) |  |  | (11,984) |  |  | (9,918) |
Dividends paid | (112,444) |  |  | (97,974) |  |  | (92,398) |
Other, net | (673) |  |  | (3,064) |  |  | (107) |
Net cash flows from financing activities | 146,053 |  |  | 218,310 |  |  | 22,420 |
Change in Cash and Cash Equivalents | 11 |  |  | (27) |  |  | (14) |
Cash and Cash Equivalents at Beginning of Period | 52 |  |  | 79 |  |  | 93 |
Cash and Cash Equivalents at End of Period | $ | 63 |  |  | $ | 52 |  |  | $ | 79 |
Supplemental Cash Flow Disclosures: |  |  |  |  |
Interest paid, net of amounts capitalized | $ | 13,425 |  |  | $ | 16,869 |  |  | $ | 18,702 |
Income taxes paid (refunded), net | $ | — |  |  | $ | — |  |  | $ | — |
SCHEDULE I PNM RESOURCES, INC. CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS
| December 31,
| 2021 |  | 2020
| (In thousands)
Assets |  |  |
Cash and cash equivalents | $ | 63 |  |  | $ | 52 |
Intercompany receivables | 45,954 |  |  | 71,567 |
Income taxes receivable | 18,674 |  |  | — |
Other, net | 247 |  |  | 5,545 |
Total current assets | 64,938 |  |  | 77,164 |
Property, plant and equipment, net of accumulated depreciation of $16,585 and $15,706 | 22,649 |  |  | 23,191 |
Investment in subsidiaries | 3,006,281 |  |  | 2,631,567 |
Other long-term assets | 49,220 |  |  | 58,695 |
Total long-term assets | 3,078,150 |  |  | 2,713,453 |
| $ | 3,143,088 |  |  | $ | 2,790,617 |
Liabilities and Stockholders’ Equity |  |  |
Short-term debt | $ | 54,900 |  |  | $ | 12,000 |
Short-term debt-affiliate | 15,219 |  |  | 8,819 |
Current maturities of long-term debt | — |  |  | 229,948 |
Accrued interest and taxes | 2,564 |  |  | 8,124 |
Other current liabilities | 318 |  |  | 29,549 |
Total current liabilities | 73,001 |  |  | 288,440 |
Long-term debt | 899,759 |  |  | 449,909 |
Other long-term liabilities | 2,804 |  |  | 2,803 |
Total liabilities | 975,564 |  |  | 741,152 |
Common stock (no par value; 120,000,000 shares authorized; issued and outstanding 85,834,874 shares) | 1,429,257 |  |  | 1,429,941 |
Accumulated other comprehensive income (loss), net of tax | (71,936) |  |  | (79,183) |
Retained earnings | 810,203 |  |  | 698,707 |
Total common stockholders’ equity | 2,167,524 |  |  | 2,049,465 |
| $ | 3,143,088 |  |  | $ | 2,790,617 |
See Notes 7, 8, 11, and 16 for information regarding commitments, contingencies, and maturities of long-term debt.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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