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Consolidated Balance Sheets - PNM - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 1,104 $ 47,928
Accounts receivable, net of allowance for credit losses of $7,265 and $8,333 123,292 113,410
Unbilled revenues 57,736 55,504
Other receivables 18,784 23,797
Materials, supplies, and fuel stock 65,061 66,417
Regulatory assets 14,785 202
Prepaid assets 37,325 42,064
Income taxes receivable 4,878 5,672
Other current assets 1,635 22,485
Total current assets 324,600 377,479
Other Property and Investments:    
Investment securities 463,126 440,115
Other investments 265 284
Non-utility property, including financing leases 25,439 24,075
Total other property and investments 577,988 555,129
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,357,849 8,480,799
Less accumulated depreciation and amortization 2,952,743 2,835,170
Net plant in service and plant held for future use 6,405,106 5,645,629
Construction work in progress 248,856 218,719
Nuclear fuel, net of accumulated amortization of $41,181 and $41,367 98,937 100,801
Net utility plant 6,752,899 5,965,149
Deferred Charges and Other Assets:    
Regulatory assets 514,258 557,790
Goodwill 278,297 278,297
Operating lease assets, net of amortization 79,511 105,133
Other deferred charges 139,332 100,877
Total deferred charges and other assets 1,011,398 1,042,097
Total assets 8,666,885 7,939,854
Current Liabilities:    
Short-term debt 62,700 32,000
Current installments of long-term debt 179,339 575,518
Accounts payable 172,595 169,317
Customer deposits 5,095 6,606
Accrued interest and taxes 70,105 68,206
Regulatory liabilities 8,316 7,471
Operating lease liabilities 27,218 27,460
Dividends declared 132 28,243
Transmission interconnection arrangement liabilities 39,564 6,883
Other current liabilities 99,149 55,958
Total current liabilities 664,213 977,662
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 3,519,580 2,719,632
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 764,850 694,512
Regulatory liabilities 841,393 850,228
Asset retirement obligations 234,146 183,421
Accrued pension liability and postretirement benefit cost 19,057 58,101
Operating lease liabilities 55,993 81,065
Other deferred credits 333,195 255,230
Total deferred credits and other liabilities 2,248,634 2,122,557
Total liabilities 6,432,427 5,819,851
Commitments and Contingencies (See Note 16)
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 (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 income taxes (71,936) (79,183)
Retained earnings 810,203 698,707
Total PNMR common stockholders’ equity 2,167,524 2,049,465
Non-controlling interest in Valencia 55,405 59,009
Total equity 2,222,929 2,108,474
Total liabilities and stockholders' equity 8,666,885 7,939,854
Public Service Company of New Mexico    
Current Assets:    
Cash and cash equivalents 19 31,446
Accounts receivable, net of allowance for credit losses of $7,265 and $8,333 98,151 88,239
Unbilled revenues 44,759 43,724
Other receivables 16,538 21,814
Affiliate receivables 8,837 8,819
Materials, supplies, and fuel stock 57,942 60,472
Regulatory assets 8,721 0
Prepaid assets 30,266 34,984
Income taxes receivable 0 15,706
Other current assets 1,456 16,924
Total current assets 266,689 322,128
Other Property and Investments:    
Investment securities 463,126 440,115
Other investments 129 120
Non-utility property, including financing leases 10,717 9,505
Total other property and investments 473,972 449,740
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,602,015 6,022,753
Less accumulated depreciation and amortization 2,235,068 2,158,915
Net plant in service and plant held for future use 4,366,947 3,863,838
Construction work in progress 182,520 148,962
Nuclear fuel, net of accumulated amortization of $41,181 and $41,367 98,937 100,801
Net utility plant 4,648,404 4,113,601
Deferred Charges and Other Assets:    
Regulatory assets 428,981 457,953
Goodwill 51,632 51,632
Operating lease assets, net of amortization 73,903 97,461
Other deferred charges 116,552 88,518
Total deferred charges and other assets 671,068 695,564
Total assets 6,060,133 5,581,033
Current Liabilities:    
Short-term debt 7,400 10,000
Current installments of long-term debt 179,339 345,570
Accounts payable 107,795 121,050
Affiliate payables 15,203 14,058
Customer deposits 5,095 6,606
Accrued interest and taxes 37,137 32,630
Regulatory liabilities 8,316 5,419
Operating lease liabilities 25,278 25,130
Dividends declared 132 132
Transmission interconnection arrangement liabilities 39,564 6,883
Other current liabilities 70,643 26,854
Total current liabilities 495,902 594,332
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,701,771 1,351,050
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 630,682 579,150
Regulatory liabilities 653,830 664,873
Asset retirement obligations 233,383 182,718
Accrued pension liability and postretirement benefit cost 18,718 56,273
Operating lease liabilities 52,552 75,941
Other deferred credits 246,502 201,415
Total deferred credits and other liabilities 1,835,667 1,760,370
Total liabilities 4,033,340 3,705,752
Commitments and Contingencies (See Note 16)
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 (no par value; 120,000,000 shares authorized; issued and outstanding 85,834,874 shares) 1,547,918 1,494,918
Accumulated other comprehensive income (loss), net of income taxes (71,936) (78,511)
Retained earnings 483,877 388,336
Total PNMR common stockholders’ equity 1,959,859 1,804,743
Non-controlling interest in Valencia 55,405 59,009
Total equity 2,015,264 1,863,752
Total liabilities and stockholders' equity $ 6,060,133 $ 5,581,033