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Consolidated Balance Sheets - PNM - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 4,498 $ 2,215
Accounts receivable, net of allowance for credit losses of $1,398 and $3,388 130,351 126,291
Unbilled revenues 69,176 64,072
Other receivables 37,236 76,509
Materials, supplies, and fuel stock 166,861 98,034
Regulatory assets 41,492 73,046
Prepaid assets 25,452 19,759
Income taxes receivable 7,684 6,697
Other current assets 16,086 8,920
Total current assets 498,836 475,543
Other Property and Investments:    
Investment securities 475,524 444,408
Other investments 259 171
Non-utility property, including financing leases 28,832 29,367
Total other property and investments 504,615 593,516
Utility Plant:    
Plant in service, held for future use, and to be abandoned 10,697,774 9,701,180
Less accumulated depreciation and amortization 2,829,296 2,755,823
Net plant in service and plant held for future use 7,868,478 6,945,357
Construction work in progress 495,976 589,834
Nuclear fuel, net of accumulated amortization of $28,245 and $35,840 72,554 74,671
Net utility plant 8,437,008 7,609,862
Deferred Charges and Other Assets:    
Regulatory assets 962,003 914,381
Goodwill 278,297 278,297
Operating lease assets, net of amortization 272,894 182,201
Other deferred charges 258,080 198,805
Total deferred charges and other assets 1,771,274 1,573,684
Total assets 11,211,733 10,252,605
Current Liabilities:    
Short-term debt 609,300 261,900
Current installments of long-term debt (includes $6,907 and $2,529 related to ETBC I) 611,603 280,169
Accounts payable 204,468 205,175
Customer deposits 6,533 6,237
Accrued interest and taxes 104,756 98,655
Regulatory liabilities 34,173 140,005
Operating lease liabilities 14,293 12,267
Dividends declared 36,889 35,085
Transmission interconnection arrangement liabilities 68,085 96,870
Other current liabilities 84,998 94,397
Total current liabilities 1,775,098 1,230,760
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $331,726 and $338,521 related to ETBC I) 4,311,765 4,241,642
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 899,392 845,280
Regulatory liabilities 748,738 771,317
Asset retirement obligations 244,618 245,531
Accrued pension liability and postretirement benefit cost 23,065 21,429
Operating lease liabilities 255,376 167,000
Other deferred credits 358,867 319,066
Total deferred credits and other liabilities 2,530,056 2,369,623
Total liabilities 8,616,919 7,842,025
Commitments and Contingencies (See Note 16)
Cumulative preferred stock without mandatory redemption requirements ([$100] stated value; [10,000,000] shares authorized; issued and outstanding [115,293] shares) 11,529 11,529
Company Common Stockholders' Equity    
Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares) 1,724,444 1,624,823
Accumulated other comprehensive income (loss), net of income taxes (75,708) (62,840)
Retained earnings 887,649 787,110
Total TXNM common stockholders’ equity 2,536,385 2,349,093
Non-controlling interest in Valencia 46,900 49,958
Total equity 2,583,285 2,399,051
Total liabilities and stockholders' equity 11,211,733 10,252,605
PNM    
Current Assets:    
Cash and cash equivalents 2,698 858
Accounts receivable, net of allowance for credit losses of $1,398 and $3,388 95,932 94,879
Unbilled revenues 52,983 46,925
Materials, supplies, and fuel stock 142,510 81,572
Regulatory assets 36,224 72,996
Prepaid assets 14,746 9,941
Income taxes receivable 16,309 7,682
Other current assets 16,091 1,756
Total current assets 410,908 377,837
Other Property and Investments:    
Investment securities 475,524 444,408
Other investments 184 69
Non-utility property, including financing leases 13,647 13,538
Total other property and investments 489,355 458,015
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,797,493 6,151,510
Less accumulated depreciation and amortization 2,079,363 1,976,657
Net plant in service and plant held for future use 4,718,130 4,174,853
Construction work in progress 328,403 490,178
Nuclear fuel, net of accumulated amortization of $28,245 and $35,840 72,554 74,671
Net utility plant 5,119,087 4,739,702
Deferred Charges and Other Assets:    
Regulatory assets 857,310 838,727
Goodwill 51,632 51,632
Operating lease assets, net of amortization 271,433 180,370
Other deferred charges 207,554 166,782
Total deferred charges and other assets 1,387,929 1,237,511
Total assets 7,407,279 6,813,065
Current Liabilities:    
Short-term debt 363,800 137,500
Current installments of long-term debt (includes $6,907 and $2,529 related to ETBC I) 560,637 200,222
Customer deposits 6,533 6,237
Accrued interest and taxes 46,923 41,337
Regulatory liabilities 33,571 134,846
Operating lease liabilities 13,542 11,371
Dividends declared 132 132
Transmission interconnection arrangement liabilities 68,085 96,870
Other current liabilities 50,099 52,587
Total current liabilities 1,282,900 839,194
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $331,726 and $338,521 related to ETBC I) 1,898,955 2,061,558
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 756,218 684,037
Regulatory liabilities 518,701 565,021
Asset retirement obligations 243,663 244,633
Accrued pension liability and postretirement benefit cost 22,067 19,949
Operating lease liabilities 254,702 166,191
Other deferred credits 234,346 220,178
Total deferred credits and other liabilities 2,029,697 1,900,009
Total liabilities 5,211,552 4,800,761
Commitments and Contingencies (See Note 16)
Cumulative preferred stock without mandatory redemption requirements ([$100] stated value; [10,000,000] shares authorized; issued and outstanding [115,293] shares) 11,529 11,529
Company Common Stockholders' Equity    
Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares) 1,602,918 1,547,918
Accumulated other comprehensive income (loss), net of income taxes (75,708) (66,505)
Retained earnings 610,088 469,404
Total TXNM common stockholders’ equity 2,137,298 1,950,817
Non-controlling interest in Valencia 46,900 49,958
Total equity 2,184,198 2,000,775
Total liabilities and stockholders' equity 7,407,279 6,813,065
PNM | Nonrelated Party    
Current Assets:    
Other receivables 24,174 51,975
Current Liabilities:    
Accounts payable 123,883 141,704
PNM | Related Party    
Current Assets:    
Other receivables 9,241 9,253
Current Liabilities:    
Accounts payable $ 15,695 $ 16,388