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Condensed Consolidated Balance Sheets - TNMP - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 4,132 $ 4,078
Accounts receivable 129,250 183,669
Unbilled revenues 52,107 63,473
Other receivables 22,004 20,320
Materials, supplies, and fuel stock 64,290 66,733
Regulatory assets 44,740 20,265
Other current assets 11,329 31,624
Total current assets 351,899 410,978
Other Property and Investments:    
Other investments 176 177
Non-utility property, net 28,824 26,841
Total other property and investments 562,503 535,114
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,120,465 9,164,564
Less accumulated depreciation and amortization 2,679,655 2,659,952
Net plant in service and plant held for future use 6,440,810 6,504,612
Construction work in progress 491,565 372,988
Net utility plant 7,009,589 6,972,823
Deferred Charges and Other Assets:    
Regulatory assets 933,713 846,686
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 52,675 55,982
Other deferred charges 164,460 157,497
Total deferred charges and other assets 1,429,145 1,338,462
Assets 9,353,136 9,257,377
Current Liabilities:    
Short-term debt 409,400 232,000
Accounts payable 122,254 215,708
Accrued interest and taxes 72,065 76,783
Regulatory liabilities 13,668 17,002
Operating lease liabilities 10,425 18,781
Other current liabilities 96,278 87,037
Total current liabilities 1,195,465 890,370
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 3,668,079 3,892,594
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 838,995 822,831
Regulatory liabilities 756,561 755,202
Asset retirement obligations 225,017 223,377
Accrued pension liability and postretirement benefit cost 31,052 32,799
Operating lease liabilities 40,238 41,336
Other deferred credits 321,398 342,413
Total deferred credits and liabilities 2,213,261 2,217,958
Total liabilities 7,076,805 7,000,922
Commitments and Contingencies (Note 11)
PNM common stockholder’s equity:    
Common stock ($10 par value; 12,000,000 shares authorized; issued and outstanding 6,358 shares) 1,424,198 1,429,102
Retained earnings 852,347 828,878
Total PNM common stockholder’s equity 2,212,191 2,191,932
Total liabilities and stockholders' equity 9,353,136 9,257,377
Texas-New Mexico Power Company    
Current Assets:    
Cash and cash equivalents 0 0
Accounts receivable 27,646 32,283
Unbilled revenues 11,952 18,191
Other receivables 3,503 8,552
Due from Related Parties, Current 135 0
Materials, supplies, and fuel stock 11,316 10,843
Regulatory assets 1,272 1,932
Other current assets 1,395 2,346
Total current assets 57,219 74,147
Other Property and Investments:    
Other investments 102 101
Non-utility property, net 14,293 14,010
Total other property and investments 14,395 14,111
Utility Plant:    
Plant in service, held for future use, and to be abandoned 2,898,836 2,853,130
Less accumulated depreciation and amortization 596,877 578,157
Net plant in service and plant held for future use 2,301,959 2,274,973
Construction work in progress 111,237 63,820
Net utility plant 2,413,196 2,338,793
Deferred Charges and Other Assets:    
Regulatory assets 82,853 82,745
Goodwill 226,665 226,665
Operating lease right-of-use assets, net of accumulated amortization 2,943 3,426
Other deferred charges 5,897 6,714
Total deferred charges and other assets 318,358 319,550
Assets 2,803,168 2,746,601
Current Liabilities:    
Short-term debt 100,000 36,700
Short-term debt - affiliate 14,200 0
Accounts payable 19,932 34,152
Affiliate payables 4,220 6,273
Accrued interest and taxes 39,110 54,672
Regulatory liabilities 9,644 9,089
Operating lease liabilities 1,234 1,543
Other current liabilities 8,905 6,336
Total current liabilities 197,245 148,765
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,076,871 1,076,875
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 165,903 164,637
Regulatory liabilities 198,997 198,213
Asset retirement obligations 845 828
Accrued pension liability and postretirement benefit cost 708 792
Operating lease liabilities 1,479 1,703
Other deferred credits 49,263 52,964
Total deferred credits and liabilities 417,195 419,137
Total liabilities 1,691,311 1,644,777
Commitments and Contingencies (Note 11)
PNM common stockholder’s equity:    
Common stock ($10 par value; 12,000,000 shares authorized; issued and outstanding 6,358 shares) 64 64
Paid-in-capital 805,166 805,166
Retained earnings 306,627 296,594
Total PNM common stockholder’s equity 1,111,857 1,101,824
Total liabilities and stockholders' equity $ 2,803,168 $ 2,746,601