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Condensed Consolidated Balance Sheets - PNM - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 3,484 $ 1,104
Accounts receivable, net of allowance for credit losses of $5,705 and $7,265 150,960 123,292
Unbilled revenues 64,520 57,736
Other receivables 20,524 18,784
Materials, supplies, and fuel stock 75,414 65,061
Regulatory assets 24,307 14,785
Prepaid assets 25,121 37,325
Other current assets 1,304 1,635
Total current assets 370,289 324,600
Other Property and Investments:    
Investment securities 386,355 463,126
Other investments 139 265
Non-utility property, net 26,066 25,439
Total other property and investments 502,721 577,988
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,421,123 9,357,849
Less accumulated depreciation and amortization 2,975,176 2,952,743
Net plant in service and plant held for future use 6,445,947 6,405,106
Construction work in progress 390,733 248,856
Nuclear fuel, net of accumulated amortization of $41,329 and $41,181 100,450 98,937
Net utility plant 6,937,130 6,752,899
Deferred Charges and Other Assets:    
Regulatory assets 599,052 514,258
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 67,623 79,511
Other deferred charges 155,993 139,332
Total deferred charges and other assets 1,100,965 1,011,398
Assets 8,911,105 8,666,885
Current Liabilities:    
Short-term debt 266,300 62,700
Current installments of long-term debt 259,569 179,339
Accounts payable 129,923 172,595
Customer deposits 5,879 5,095
Accrued interest and taxes 67,570 70,105
Regulatory liabilities 9,118 8,316
Operating lease liabilities 26,612 27,218
Dividends declared 132 132
Transmission interconnection arrangement liabilities 24,643 39,564
Other current liabilities 104,738 99,149
Total current liabilities 894,484 664,213
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 3,573,087 3,519,580
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 780,518 764,850
Regulatory liabilities 828,515 841,393
Asset retirement obligations 239,640 234,146
Accrued pension liability and postretirement benefit cost 12,597 19,057
Operating lease liabilities 41,464 55,993
Other deferred credits 343,584 333,195
Total deferred credits and liabilities 2,246,318 2,248,634
Total liabilities 6,713,889 6,432,427
Commitments and Contingencies (Note 11)
Cumulative Preferred Stock without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529 11,529
PNM common stockholder’s equity:    
Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares) 1,426,448 1,429,257
Accumulated other comprehensive income (loss), net of income taxes (76,825) (71,936)
Retained earnings 781,899 810,203
Total PNM common stockholder’s equity 2,131,522 2,167,524
Non-controlling interest in Valencia 54,165 55,405
Total equity 2,185,687 2,222,929
Total liabilities and stockholders' equity 8,911,105 8,666,885
PNM    
Current Assets:    
Cash and cash equivalents 2,259 19
Accounts receivable, net of allowance for credit losses of $5,705 and $7,265 113,656 98,151
Unbilled revenues 47,472 44,759
Other receivables 17,601 16,538
Affiliate receivables 8,911 8,837
Materials, supplies, and fuel stock 67,017 57,942
Regulatory assets 19,119 8,721
Prepaid assets 17,419 30,266
Other current assets 1,055 1,456
Total current assets 294,509 266,689
Other Property and Investments:    
Investment securities 386,355 463,126
Other investments 3 129
Non-utility property, net 11,350 10,717
Total other property and investments 397,708 473,972
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,548,099 6,602,015
Less accumulated depreciation and amortization 2,235,519 2,235,068
Net plant in service and plant held for future use 4,312,580 4,366,947
Construction work in progress 224,494 182,520
Nuclear fuel, net of accumulated amortization of $41,329 and $41,181 100,450 98,937
Net utility plant 4,637,524 4,648,404
Deferred Charges and Other Assets:    
Regulatory assets 515,818 428,981
Goodwill 51,632 51,632
Operating lease right-of-use assets, net of accumulated amortization 62,995 73,903
Other deferred charges 129,965 116,552
Total deferred charges and other assets 760,410 671,068
Assets 6,090,151 6,060,133
Current Liabilities:    
Short-term debt 110,800 7,400
Current installments of long-term debt 259,569 179,339
Accounts payable 97,217 107,795
Affiliate payables 18,939 15,203
Customer deposits 5,879 5,095
Accrued interest and taxes 39,458 37,137
Regulatory liabilities 9,118 8,316
Operating lease liabilities 24,731 25,278
Dividends declared 132 132
Transmission interconnection arrangement liabilities 24,643 39,564
Other current liabilities 73,139 70,643
Total current liabilities 663,625 495,902
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,590,555 1,701,771
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 637,721 630,682
Regulatory liabilities 629,466 653,830
Asset retirement obligations 238,845 233,383
Accrued pension liability and postretirement benefit cost 12,288 18,718
Operating lease liabilities 38,922 52,552
Other deferred credits 261,659 246,502
Total deferred credits and liabilities 1,818,901 1,835,667
Total liabilities 4,073,081 4,033,340
Commitments and Contingencies (Note 11)
Cumulative Preferred Stock without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529 11,529
PNM common stockholder’s equity:    
Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares) 1,547,918 1,547,918
Accumulated other comprehensive income (loss), net of income taxes (78,513) (71,936)
Retained earnings 481,971 483,877
Total PNM common stockholder’s equity 1,951,376 1,959,859
Non-controlling interest in Valencia 54,165 55,405
Total equity 2,005,541 2,015,264
Total liabilities and stockholders' equity $ 6,090,151 $ 6,060,133