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Consolidated Statements of Earnings - PNMR - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Electric Operating Revenues      
Contracts with customers $ 1,569,405 $ 1,469,799 $ 1,377,208
Alternative revenue programs (3,764) (11,994) (542)
Other electric operating revenue 214,232 65,207 80,937
Total electric operating revenues 1,779,873 1,523,012 1,457,603
Operating Expenses:      
Administrative and general 230,292 216,334 189,227
Regulatory disallowances and restructuring costs 1,194 1,098 151,095
Depreciation and amortization 284,107 275,612 267,808
Transmission and distribution costs 81,335 77,943 69,862
Taxes other than income taxes 86,008 81,526 80,054
Total operating expenses 1,471,720 1,237,731 1,313,403
Operating income 308,153 285,281 144,200
Other Income and Deductions:      
Interest income 14,662 14,223 14,022
(Gains) on investment securities 16,850 21,599 29,589
Other income 20,200 19,973 15,382
Other (deductions) (18,559) (18,732) (15,328)
Net other income and (deductions) 33,153 37,063 43,665
Interest Charges 96,877 114,392 121,016
Earnings before Income Taxes 244,429 207,952 66,849
Income Taxes (Benefits) 32,582 20,636 (25,282)
Net Earnings 211,847 187,316 92,131
(Earnings) Attributable to Valencia Non-controlling Interest (15,490) (14,013) (14,241)
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR $ 195,829 $ 172,775 $ 77,362
Net Earnings Attributable to PNMR per Common Share:      
Basic (in dollars per share) $ 2.28 $ 2.16 $ 0.97
Diluted (in dollars per share) $ 2.27 $ 2.15 $ 0.97
Electricity      
Electric Operating Revenues      
Total electric operating revenues $ 1,779,873 $ 1,523,012 $ 1,457,603
Operating Expenses:      
Cost of energy and production costs 644,853 447,241 412,812
Electricity, Generation      
Operating Expenses:      
Cost of energy and production costs $ 143,931 $ 137,977 $ 142,545