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Consolidated Statements of Earnings - PNMR - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Electric Operating Revenues $ 1,939,198 $ 2,249,555 $ 1,779,873
Operating Expenses:      
Administrative and general 227,900 227,149 230,292
Regulatory disallowances and restructuring costs 71,923 832 1,194
Depreciation and amortization 319,503 304,853 284,107
Transmission and distribution costs 98,721 94,684 81,335
Taxes other than income taxes 95,940 92,989 86,008
Total operating expenses 1,707,858 1,855,795 1,471,720
Operating income 231,340 393,760 308,153
Other Income and Deductions:      
Interest income 21,963 16,095 14,662
(Gains) losses on investment securities 19,246 (78,357) 16,850
Other income 24,204 21,601 20,200
Other (deductions) (15,869) (13,881) (18,559)
Net other income and (deductions) 49,544 (54,542) 33,153
Interest Charges 190,355 127,908 96,877
Earnings before Income Taxes 90,529 211,310 244,429
Income Taxes (Benefits) (16,350) 26,130 32,582
Net Earnings 106,879 185,180 211,847
(Earnings) Attributable to Valencia Non-controlling Interest (18,533) (15,122) (15,490)
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR $ 87,818 $ 169,530 $ 195,829
Net Earnings Attributable to PNMR per Common Share:      
Basic (in dollars per share) $ 1.02 $ 1.97 $ 2.28
Diluted (in dollars per share) $ 1.02 $ 1.97 $ 2.27
Electricity      
Electric Operating Revenues $ 1,939,198 $ 2,249,555 $ 1,779,873
Operating Expenses:      
Cost of energy and production costs 802,261 987,941 644,853
Electricity, Generation      
Operating Expenses:      
Cost of energy and production costs $ 91,610 $ 147,347 $ 143,931