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Consolidated Balance Sheets - PNM - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 4,078 $ 1,104
Accounts receivable, net of allowance for credit losses of $4,925 and $7,265 183,669 123,292
Unbilled revenues 63,473 57,736
Other receivables 20,320 18,784
Materials, supplies, and fuel stock 66,733 65,061
Regulatory assets 20,265 14,785
Prepaid assets 18,465 37,325
Income taxes receivable 2,351 4,878
Other current assets 31,624 1,635
Total current assets 410,978 324,600
Other Property and Investments:    
Investment securities 417,476 463,126
Other investments 177 265
Non-utility property, including financing leases 26,841 25,439
Total other property and investments 535,114 577,988
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,164,564 9,357,849
Less accumulated depreciation and amortization 2,659,952 2,952,743
Net plant in service and plant held for future use 6,504,612 6,405,106
Construction work in progress 372,988 248,856
Nuclear fuel, net of accumulated amortization of $43,985 and $41,181 95,223 98,937
Net utility plant 6,972,823 6,752,899
Deferred Charges and Other Assets:    
Regulatory assets 846,686 514,258
Goodwill 278,297 278,297
Operating lease assets, net of amortization 55,982 79,511
Other deferred charges 157,497 139,332
Total deferred charges and other assets 1,338,462 1,011,398
Total assets 9,257,377 8,666,885
Current Liabilities:    
Short-term debt 232,000 62,700
Current installments of long-term debt 184,793 179,339
Accounts payable 215,708 172,595
Customer deposits 6,117 5,095
Accrued interest and taxes 76,783 70,105
Regulatory liabilities 17,002 8,316
Operating lease liabilities 18,781 27,218
Dividends declared 31,676 132
Transmission interconnection arrangement liabilities 20,473 39,564
Other current liabilities 87,037 99,149
Total current liabilities 890,370 664,213
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 3,892,594 3,519,580
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 822,831 764,850
Regulatory liabilities 755,202 841,393
Asset retirement obligations 223,377 234,146
Accrued pension liability and postretirement benefit cost 32,799 19,057
Operating lease liabilities 41,336 55,993
Other deferred credits 342,413 333,195
Total deferred credits and other liabilities 2,217,958 2,248,634
Total liabilities 7,000,922 6,432,427
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) 1,429,102 1,429,257
Accumulated other comprehensive income (loss), net of income taxes (66,048) (71,936)
Retained earnings 828,878 810,203
Total PNMR common stockholders’ equity 2,191,932 2,167,524
Non-controlling interest in Valencia 52,994 55,405
Total equity 2,244,926 2,222,929
Total liabilities and stockholders' equity 9,257,377 8,666,885
Public Service Company of New Mexico    
Current Assets:    
Cash and cash equivalents 2,985 19
Accounts receivable, net of allowance for credit losses of $4,925 and $7,265 151,386 98,151
Unbilled revenues 45,282 44,759
Other receivables 13,877 16,538
Affiliate receivables 8,868 8,837
Materials, supplies, and fuel stock 55,890 57,942
Regulatory assets 18,333 8,721
Prepaid assets 10,085 30,266
Income taxes receivable 18,233 0
Other current assets 20,706 1,456
Total current assets 345,645 266,689
Other Property and Investments:    
Investment securities 417,476 463,126
Other investments 76 129
Non-utility property, including financing leases 11,695 10,717
Total other property and investments 429,247 473,972
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,007,464 6,602,015
Less accumulated depreciation and amortization 1,908,644 2,235,068
Net plant in service and plant held for future use 4,098,820 4,366,947
Construction work in progress 300,772 182,520
Nuclear fuel, net of accumulated amortization of $43,985 and $41,181 95,223 98,937
Net utility plant 4,494,815 4,648,404
Deferred Charges and Other Assets:    
Regulatory assets 763,941 428,981
Goodwill 51,632 51,632
Operating lease assets, net of amortization 52,556 73,903
Other deferred charges 134,330 116,552
Total deferred charges and other assets 1,002,459 671,068
Total assets 6,272,166 6,060,133
Current Liabilities:    
Short-term debt 185,900 7,400
Current installments of long-term debt 184,793 179,339
Accounts payable 163,522 107,795
Affiliate payables 14,919 15,203
Customer deposits 6,117 5,095
Accrued interest and taxes 35,797 37,137
Regulatory liabilities 7,913 8,316
Operating lease liabilities 17,239 25,278
Dividends declared 132 132
Transmission interconnection arrangement liabilities 20,473 39,564
Other current liabilities 55,350 70,643
Total current liabilities 692,155 495,902
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,816,107 1,701,771
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 682,040 630,682
Regulatory liabilities 556,989 653,830
Asset retirement obligations 222,549 233,383
Accrued pension liability and postretirement benefit cost 32,007 18,718
Operating lease liabilities 39,633 52,552
Other deferred credits 258,833 246,502
Total deferred credits and other liabilities 1,792,051 1,835,667
Total liabilities 4,300,313 4,033,340
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 1,547,918
Accumulated other comprehensive income (loss), net of income taxes (74,335) (71,936)
Retained earnings 433,747 483,877
Total PNMR common stockholders’ equity 1,907,330 1,959,859
Non-controlling interest in Valencia 52,994 55,405
Total equity 1,960,324 2,015,264
Total liabilities and stockholders' equity $ 6,272,166 $ 6,060,133