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Condensed Consolidated Statements of Cash Flows - PNM - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities:    
Net Earnings $ 50,366 $ 60,273
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 103,004 87,128
Deferred income tax expense 6,935 9,576
(Gains) losses on investment securities (17,998) (6,442)
Regulatory disallowances 4,459 0
Allowance for equity funds used during construction (3,292) (1,964)
Other, net 1,031 810
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 29,296 64,919
Materials, supplies, and fuel stock (6,457) 2,443
Other current assets 24,662 (1,305)
Other assets (7,341) (2,074)
Accounts payable (31,482) (56,306)
Accrued interest and taxes (9,823) (4,514)
Other current liabilities (39,860) (16,844)
Other liabilities (10,843) (7,689)
Net cash flows from operating activities 92,816 131,501
Cash Flows From Investing Activities:    
Utility plant additions (289,100) (264,368)
Proceeds from sale of plant assets (Note 13) 2,840 28,372
Proceeds from sales of investment securities 302,510 91,830
Purchases of investment securities (304,971) (95,773)
Other, net (23) 6
Net cash flows used in investing activities (184,358) (251,433)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 658,800 635,200
Revolving credit facilities repayments (676,200) (457,800)
Dividends paid (35,085) (31,677)
Valencia’s transactions with its owner (4,003) (5,510)
Transmission interconnection and security deposit arrangements 57,875 3,894
Refunds paid under transmission interconnection and security deposit arrangements (12,003) (15,167)
Debt issuance costs and other, net (1,435) (560)
Net cash flows from financing activities 99,509 119,986
Change in Cash, Cash Equivalents, and Restricted Cash 7,967 54
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,943 4,078
Cash, Cash Equivalents, and Restricted Cash at End of Period 11,910 4,132
Restricted Cash Included in Other Current Assets and Other Deferred Assets on Consolidated Balance Sheets:    
At beginning of period 1,728 0
At end of period 8,922 0
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 48,912 39,794
Income taxes paid (refunded), net (488) 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 40,223 37,148
PNM    
Cash Flows From Operating Activities:    
Net Earnings 45,096 59,835
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 60,356 51,438
Deferred income tax expense 6,030 11,829
(Gains) losses on investment securities (17,998) (6,442)
Regulatory disallowances 4,459 0
Allowance for equity funds used during construction (3,015) (1,862)
Other, net 927 866
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 22,352 54,042
Materials, supplies, and fuel stock (3,612) 2,916
Other current assets 3,864 (7,306)
Other assets 293 (897)
Accounts payable (29,330) (50,299)
Accrued interest and taxes 19,787 11,770
Other current liabilities (27,435) (12,083)
Other liabilities (7,407) (6,006)
Net cash flows from operating activities 74,367 107,801
Cash Flows From Investing Activities:    
Utility plant additions (154,975) (143,348)
Proceeds from sale of plant assets (Note 13) 2,840 28,372
Proceeds from sales of investment securities 302,510 91,830
Purchases of investment securities (304,971) (95,773)
Other, net (23) 6
Net cash flows used in investing activities (154,619) (118,913)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 292,500 275,700
Revolving credit facilities repayments (243,800) (250,700)
Short-term borrowings (repayments) – affiliate, net 2,300 0
Dividends paid (132) (132)
Valencia’s transactions with its owner (4,003) (5,510)
Transmission interconnection and security deposit arrangements 51,125 3,894
Refunds paid under transmission interconnection and security deposit arrangements (9,103) (11,667)
Debt issuance costs and other, net (474) (377)
Net cash flows from financing activities 88,413 11,208
Change in Cash, Cash Equivalents, and Restricted Cash 8,161 96
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 2,586 2,985
Cash, Cash Equivalents, and Restricted Cash at End of Period 10,747 3,081
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 9,121 12,778
Income taxes paid (refunded), net 0 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 14,770 $ 17,849