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Schedule I - Condensed Financial Information of Parent Company

12 Months Ended

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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- References

No definition available.

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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

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