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Condensed Consolidated Statements of Cash Flows - PNM - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:    
Net earnings $ 238,728,000 $ 152,613,000
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 313,919,000 262,557,000
Deferred income tax expense 38,383,000 10,874,000
(Gains) on investment securities (32,326,000) (1,815,000)
Regulatory disallowances 10,601,000 6,046,000
Allowance for equity funds used during construction (13,911,000) (10,075,000)
Other, net 3,025,000 476,000
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (38,466,000) 972,000
Materials, supplies, and fuel stock (22,484,000) (16,657,000)
Other current assets 14,835,000 (77,016,000)
Other assets (80,640,000) (13,613,000)
Accounts payable (24,027,000) (12,222,000)
Accrued interest and taxes 18,462,000 9,686,000
Other current liabilities (85,393,000) 116,887,000
Other liabilities 5,419,000 (21,980,000)
Net cash flows from operating activities 349,521,000 412,604,000
Cash Flows From Investing Activities:    
Utility plant additions (905,513,000) (807,932,000)
Proceeds from sale of plant assets (Note 13) 2,840,000 32,654,000
Proceeds from sales of investment securities 745,645,000 412,574,000
Purchases of investment securities (756,591,000) (423,467,000)
Other, net 3,375,000 44,000
Net cash flows used in investing activities (805,858,000) (811,877,000)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 2,181,800,000 1,773,100,000
Revolving credit facilities repayments (1,984,700,000) (1,599,600,000)
Long-term borrowings 1,233,000,000 1,015,000,000
Repayment of long-term debt (819,529,000) (685,000,000)
Dividends paid (105,254,000) (95,029,000)
Valencia’s transactions with its owner (13,780,000) (15,993,000)
Transmission interconnection and security deposit arrangements 79,718,000 46,254,000
Refunds paid under transmission interconnection and security deposit arrangements (74,667,000) (19,610,000)
Debt issuance costs and other, net (19,775,000) (6,528,000)
Net cash flows from financing activities 468,830,000 402,963,000
Change in Cash, Cash Equivalents, and Restricted Cash 12,493,000 3,690,000
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,943,000 4,078,000
Cash, Cash Equivalents, and Restricted Cash at End of Period 16,436,000 7,768,000
Restricted Cash included in Other Current Assets and Other Deferred Charges on Condensed Consolidated Balance Sheets:    
At beginning of period 1,728,000 0
At end of period 9,201,000 0
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 147,418,000 121,876,000
Income taxes paid (refunded), net (395,000) 1,400,000
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 44,714,000 46,452,000
PNM    
Cash Flows From Operating Activities:    
Net earnings 193,660,000 108,404,000
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 185,815,000 150,903,000
Deferred income tax expense 23,710,000 12,041,000
(Gains) on investment securities (32,326,000) (1,815,000)
Regulatory disallowances 10,601,000 6,046,000
Allowance for equity funds used during construction (10,503,000) (7,263,000)
Other, net 3,055,000 2,641,000
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (22,676,000) 15,648,000
Materials, supplies, and fuel stock (13,928,000) (12,300,000)
Other current assets 5,064,000 (81,653,000)
Other assets (37,489,000) (9,988,000)
Accounts payable (17,022,000) (11,073,000)
Accrued interest and taxes 26,457,000 11,592,000
Other current liabilities (76,559,000) 115,984,000
Other liabilities (3,068,000) (20,451,000)
Net cash flows from operating activities 234,791,000 278,716,000
Cash Flows From Investing Activities:    
Utility plant additions (493,381,000) (424,292,000)
Proceeds from sale of plant assets (Note 13) 2,840,000 32,654,000
Proceeds from sales of investment securities 745,645,000 412,574,000
Purchases of investment securities (756,591,000) (423,467,000)
Other, net 3,376,000 6,000
Net cash flows used in investing activities (498,111,000) (402,525,000)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 1,025,500,000 836,100,000
Revolving credit facilities repayments (983,100,000) (855,100,000)
Long-term borrowings 398,000,000 330,000,000
Repayment of long-term debt (200,529,000) (185,000,000)
Equity contribution from parent 55,000,000 0
Dividends paid (396,000) (396,000)
Valencia’s transactions with its owner (13,780,000) (15,993,000)
Transmission interconnection and security deposit arrangements 68,468,000 35,254,000
Refunds paid under transmission interconnection and security deposit arrangements (69,817,000) (16,110,000)
Debt issuance costs and other, net (4,260,000) (3,769,000)
Net cash flows from financing activities 275,086,000 124,986,000
Change in Cash, Cash Equivalents, and Restricted Cash 11,766,000 1,177,000
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 2,586,000 2,985,000
Cash, Cash Equivalents, and Restricted Cash at End of Period 14,352,000 4,162,000
Restricted Cash included in Other Current Assets and Other Deferred Charges on Condensed Consolidated Balance Sheets:    
At beginning of period 1,728,000 0
At end of period 9,201,000 0
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 58,652,000 46,584,000
Income taxes paid (refunded), net (1,707,000) 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 17,238,000 $ 30,837,000