XML 21 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - PNMR - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities:    
Net Earnings $ 109,696 $ 38,341
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 173,851 169,942
Deferred income tax expense 17,132 2,405
(Gains) losses on investment securities (10,219) 68,368
Stock based compensation expense 4,343 4,816
Regulatory disallowances and restructuring costs 3,731 1,399
Allowance for equity funds used during construction (5,309) (5,839)
Other, net 742 754
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 56,725 (36,893)
Materials, supplies, and fuel stock (14,283) (10,353)
Other current assets (18,399) 9,773
Other assets (6,407) 4,870
Accounts payable (23,569) 4,954
Accrued interest and taxes (8,000) (2,312)
Other current liabilities (23,360) (2,615)
Other liabilities (14,231) (29,746)
Net cash flows from operating activities 242,443 217,864
Cash Flows From Investing Activities:    
Utility plant additions (537,004) (475,732)
Proceeds from sale of PVNGS plant assets (Note 13) 28,372 0
Proceeds from sales of investment securities 274,777 230,880
Purchases of investment securities (281,662) (234,848)
Purchases of investment securities (14,750) 0
Other, net 4 512
Net cash flows used in investing activities (530,263) (479,188)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net 94,500 203,600
Long-term borrowings 960,000 238,000
Repayment of long-term debt (685,000) (104,500)
Awards of common stock (9,618) (7,625)
Dividends paid (63,353) (59,919)
Valencia’s transactions with its owner (10,755) (7,965)
Transmission interconnection and security deposit arrangements 29,362 46,643
Debt issuance costs and other, net (5,750) (3,161)
Net cash flows from financing activities 291,382 263,704
Change in Cash and Cash Equivalents 3,562 2,380
Cash and Cash Equivalents at Beginning of Period 4,078 1,104
Cash and Cash Equivalents at End of Period 7,640 3,484
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 82,947 50,057
Income taxes paid (refunded), net 1,400 904
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 44,547 $ 47,626