XML 21 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - PNMR - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities:    
Net earnings $ 102,330 $ 109,696
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 206,365 173,851
Deferred income tax expense 15,385 17,132
(Gain) on sale of NMRD (4,449) 0
(Gains) losses on investment securities (18,556) (10,219)
Stock based compensation expense 6,676 4,343
Regulatory disallowances 4,459 3,731
Allowance for equity funds used during construction (8,130) (5,309)
Other, net 2,039 742
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (10,120) 56,725
Materials, supplies, and fuel stock (17,110) (14,283)
Other current assets (19,479) (18,399)
Other assets (16,382) (6,407)
Accounts payable (17,502) (23,569)
Accrued interest and taxes (6,935) (8,000)
Other current liabilities (28,350) (23,360)
Other liabilities (20,717) (14,231)
Net cash flows from operating activities 169,524 242,443
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (581,818) (537,004)
Proceeds from sale of plant assets (Note 13) 2,840 28,372
Proceeds from sales of investment securities 412,750 274,777
Purchases of investment securities (417,599) (281,662)
Proceeds from sale of NMRD 116,936 0
Investments in NMRD (12,550) (14,750)
Other, net (57) 4
Net cash flows used in investing activities (479,498) (530,263)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 1,584,300 1,265,600
Revolving credit facilities repayments (1,519,800) (1,171,100)
Long-term borrowings 1,065,000 960,000
Repayment of long-term debt (737,000) (685,000)
Awards of common stock (6,248) (9,618)
Dividends paid (70,169) (63,353)
Valencia’s transactions with its owner (7,853) (10,755)
Transmission interconnection and security deposit arrangements 64,752 29,362
Refunds paid under transmission interconnection and security deposit arrangements (28,702) (18,004)
Debt issuance costs and other, net (17,929) (5,750)
Net cash flows from financing activities 326,351 291,382
Change in Cash, Cash Equivalents, and Restricted Cash 16,377 3,562
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,943 4,078
Cash, Cash Equivalents, and Restricted Cash at End of Period 20,320 7,640
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 17,085 0
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 97,747 82,947
Income taxes paid (refunded), net (395) 1,400
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 47,369 $ 44,547