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Condensed Consolidated Balance Sheets - PNMR - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 7,640 $ 4,078
Accounts receivable, net of allowance for credit losses of $4,753 and $4,925 121,113 183,669
Unbilled revenues 67,504 63,473
Other receivables 31,233 20,320
Materials, supplies, and fuel stock 81,017 66,733
Regulatory assets 59,999 20,265
Prepaid assets 23,417 18,465
Income taxes receivable 2,875 2,351
Other current assets 9,839 31,624
Total current assets 404,637 410,978
Other Property and Investments:    
Investment securities 433,192 417,476
Equity investment in NMRD 106,430 90,620
Other investments 175 177
Non-utility property, net 29,064 26,841
Total other property and investments 568,861 535,114
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,223,619 9,164,564
Less accumulated depreciation and amortization 2,680,094 2,659,952
Net plant in service and plant held for future use 6,543,525 6,504,612
Construction work in progress 593,995 372,988
Nuclear fuel, net of accumulated amortization of $29,912 and $43,985 77,679 95,223
Net utility plant 7,215,199 6,972,823
Deferred Charges and Other Assets:    
Regulatory assets 932,294 846,686
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 50,104 55,982
Other deferred charges 177,578 157,497
Total deferred charges and other assets 1,438,273 1,338,462
Assets 9,626,970 9,257,377
Current Liabilities:    
Short-term debt 326,500 232,000
Current installments of long-term debt 422,338 184,793
Accounts payable 147,593 215,708
Customer deposits 6,227 6,117
Accrued interest and taxes 69,307 76,783
Regulatory liabilities 3,226 17,002
Operating lease liabilities 8,825 18,781
Dividends declared 132 31,676
Transmission interconnection arrangement liabilities 28,527 20,473
Other current liabilities 95,564 87,037
Total current liabilities 1,108,239 890,370
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 3,927,625 3,892,594
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 861,445 822,831
Regulatory liabilities 766,343 755,202
Asset retirement obligations 227,592 223,377
Accrued pension liability and postretirement benefit cost 29,487 32,799
Operating lease liabilities 34,658 41,336
Other deferred credits 346,456 342,413
Total deferred credits and liabilities 2,265,981 2,217,958
Total liabilities 7,301,845 7,000,922
Commitments and Contingencies (Note 11)
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
PNM common stockholder’s equity:    
Common stock (no par value; 120,000,000 shares authorized; issued and outstanding 85,834,874 shares) 1,423,827 1,429,102
Accumulated other comprehensive income (loss), net of income taxes (59,235) (66,048)
Retained earnings 897,651 828,878
Total PNM common stockholder’s equity 2,262,243 2,191,932
Non-controlling interest in Valencia 51,353 52,994
Total equity 2,313,596 2,244,926
Total liabilities and stockholders' equity $ 9,626,970 $ 9,257,377