PNM Stock Balance Sheets

PNM Resources Quarterly Balance Sheets Chart

Quarterly

Annual

Goodwill

Account Receivables

Cash and Cash Eq

Account Payables

Short-Term Debt

PNM Resources Quarterly Balance Sheets Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2009-12-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2006-12-31	2005-12-31

assets
current assets:
cash and cash equivalents	22,170,000	6,053,000	4,498,000	7,235,000	3,235,000	2,988,000	2,215,000	7,768,000	7,640,000	4,132,000	4,078,000	5,622,000	3,484,000	4,389,000	1,104,000	49,481,000	18,457,000	7,521,000	47,928,000	30,893,000	2,823,000	16,249,000	3,833,000	20,094,000	4,226,000	180,088,000	2,122,000	34,964,000	4,889,000	3,783,000	3,974,000					7,681,000																							15,404,000	25,097,000	19,097,000								58,050,000	9,045,000	12,219,000
accounts receivable	146,444,000	132,378,000	130,351,000	149,830,000	121,757,000	105,002,000	126,291,000	175,193,000	121,113,000	129,250,000	183,669,000	179,604,000	150,960,000	116,015,000	123,292,000	140,826,000	123,540,000	102,462,000	113,410,000	135,400,000	96,209,000	83,089,000	85,889,000	115,448,000	83,669,000	94,624,000	92,800,000	108,648,000	89,158,000	84,156,000	90,473,000					92,060,000																							97,245,000	134,797,000	106,104,000							16,962,000	137,951,000
unbilled revenues	81,989,000	57,689,000	69,176,000	76,109,000	76,793,000	55,142,000	64,072,000	68,271,000	67,504,000	52,107,000	63,473,000	63,889,000	64,520,000	42,153,000	57,736,000	64,874,000	69,229,000	42,953,000	55,504,000	64,321,000	70,480,000	45,379,000	57,416,000	57,146,000	60,737,000	39,011,000	57,092,000	53,832,000	70,904,000	41,400,000	54,055,000					57,705,000																							71,453,000	73,757,000	89,371,000							41,931,000	100,311,000
other receivables	46,981,000	42,381,000	37,236,000	48,967,000	103,721,000	39,808,000	76,509,000	25,719,000	31,233,000	22,004,000	20,320,000	22,089,000	20,524,000	19,414,000	18,784,000	28,788,000	19,977,000	17,979,000	23,797,000	12,972,000	10,349,000	13,954,000	12,165,000	14,058,000	16,287,000	13,849,000	11,369,000	22,246,000	24,338,000	17,891,000	17,582,000					17,715,000																							60,562,000	65,436,000	65,212,000								99,091,000
materials, supplies, and fuel stock	171,174,000	168,244,000	166,861,000	120,519,000	115,144,000	104,491,000	98,034,000	83,391,000	81,017,000	64,290,000	66,733,000	64,835,000	75,414,000	70,244,000	65,061,000	66,750,000	61,966,000	62,113,000	66,417,000	67,435,000	69,676,000	74,124,000	77,929,000	77,742,000	74,490,000	68,008,000	71,834,000	75,234,000	74,785,000	69,478,000	66,502,000	1,385,000	1,591,000	2,083,000	-3,924,000	72,015,000	-4,924,000	-5,060,000	381,000	-3,328,000	-7,860,000	-2,558,000	5,570,000	5,697,000	6,447,000	5,974,000	-7,730,000	-744,000	-238,000	879,000	-5,268,000	-6,404,000	-5,152,000	-3,117,000	-2,067,000	-985,000	1,109,000	691,000	52,479,000	53,187,000	52,246,000	-385,000
regulatory assets	41,891,000	40,897,000	41,492,000	44,174,000	59,397,000	61,453,000	73,046,000	99,388,000	59,999,000	44,740,000	20,265,000	45,040,000	24,307,000	18,597,000	14,785,000	34,187,000	32,525,000	29,133,000	202,000	11,913,000	21,574,000	7,355,000	7,373,000	3,678,000	5,533,000		4,534,000	7,261,000	6,586,000	1,423,000	2,933,000					7,558,000																							36,292,000	31,826,000	28,589,000							-6,037,000	12,321,000
prepaid assets	39,869,000	26,286,000	25,452,000	34,252,000	30,278,000	16,792,000	19,759,000	21,705,000	23,417,000	21,900,000	18,465,000	18,407,000	25,121,000	25,149,000	37,325,000
income taxes receivable	9,486,000	7,284,000	7,684,000	5,316,000	5,741,000	6,168,000	6,697,000	1,883,000	2,875,000	2,147,000	2,351,000	3,835,000	4,655,000	4,102,000	4,878,000	5,323,000	6,061,000	5,553,000	5,672,000	4,981,000	4,494,000	4,856,000	4,933,000	4,237,000	4,875,000	7,630,000	7,965,000	7,589,000	7,670,000	6,855,000	6,879,000					6,904,000																							97,450,000	15,864,000	72,637,000								50,960,000
other current assets	13,723,000	8,194,000	16,086,000	9,292,000	21,588,000	15,999,000	8,920,000	5,909,000	9,839,000	11,329,000	31,624,000	6,453,000	1,304,000	1,082,000	1,635,000	57,484,000	60,138,000	60,764,000	64,549,000	50,070,000	51,279,000	42,956,000	44,472,000	48,761,000	49,259,000	53,863,000	53,725,000	53,068,000	51,818,000	46,389,000	47,358,000	24,488,000	5,623,000	12,399,000	1,127,000	89,746,000	-18,964,000	-13,527,000	23,693,000	36,707,000	15,882,000	5,110,000	-29,146,000	-20,806,000	-22,588,000	6,809,000	8,556,000	-5,187,000	4,299,000	-84,000	-3,014,000	-6,942,000	-10,885,000	402,000	-14,916,000	-2,901,000	1,679,000	8,836,000	96,110,000	109,785,000	92,878,000	17,679,000	-21,359,000	-1,531,000	19,823,000	25,757,000	13,852,000		73,667,000	3,896,000	14,390,000
total current assets	573,727,000	489,406,000	498,836,000	495,694,000	537,654,000	407,843,000	475,543,000	489,227,000	404,637,000	351,899,000	410,978,000	409,774,000	370,289,000	301,145,000	324,600,000	447,713,000	391,893,000	328,478,000	377,479,000	377,985,000	326,884,000	287,962,000	294,010,000	341,164,000	299,076,000	457,073,000	302,524,000	363,925,000	331,242,000	277,299,000	294,420,000					398,886,000																							543,880,000	545,584,000	566,690,000								684,008,000	122,506,000	171,119,000
other property and investments:
investment securities	487,033,000	470,179,000	475,524,000	453,505,000	441,230,000	448,164,000	444,408,000	421,377,000	433,192,000	431,328,000	417,476,000	376,662,000	386,355,000	431,097,000	463,126,000	455,409,000	453,007,000	437,028,000	440,115,000	408,551,000	389,452,000	353,268,000	388,832,000	369,017,000	362,793,000	351,563,000	328,242,000	331,746,000	323,105,000	324,003,000
other investments	246,000	290,000	259,000	255,000	229,000	193,000	171,000	172,000	175,000	176,000	177,000	160,000	139,000	174,000	265,000	148,000	190,000	186,000	284,000	189,000	336,000	234,000	356,000	240,000	296,000	299,000	297,000	348,000	373,000	375,000	503,000					428,000																							18,791,000	21,157,000	22,481,000								54,996,000
non-utility property	32,218,000	28,686,000		26,934,000	27,116,000	28,023,000		29,584,000	29,064,000	28,824,000		25,805,000	26,066,000	24,420,000		25,547,000	24,170,000	23,872,000		22,086,000	19,679,000	16,177,000	12,459,000	10,633,000	7,943,000	6,229,000	3,404,000	3,404,000	3,404,000	3,404,000	3,404,000					3,404,000
total other property and investments	519,497,000	499,155,000	504,615,000	480,694,000	468,575,000	476,380,000	593,516,000	569,702,000	568,861,000	562,503,000	535,114,000	493,301,000	502,721,000	545,035,000	577,988,000	570,169,000	565,871,000	548,855,000	555,129,000	521,345,000	493,504,000	444,882,000	466,806,000	435,974,000	411,034,000	391,619,000	358,507,000	361,527,000	351,643,000	395,477,000	397,005,000					341,097,000																							286,917,000	478,888,000	486,775,000								600,510,000
utility plant:
plant in service and plant held for future use	10,965,483,000	10,800,198,000																																																									4,860,614,000	4,778,761,000	4,747,334,000
less accumulated depreciation and amortization	2,904,763,000	2,889,262,000	2,829,296,000	2,910,228,000	2,855,197,000	2,812,846,000	2,755,823,000	2,728,523,000	2,680,094,000	2,679,655,000	2,659,952,000	2,621,112,000	2,975,176,000	3,003,558,000	2,952,743,000	2,951,721,000	2,907,778,000	2,883,146,000	2,835,170,000	2,811,168,000	2,773,434,000	2,755,566,000	2,713,503,000	2,688,066,000	2,649,617,000	2,641,320,000	2,604,177,000	2,683,626,000	2,648,684,000	2,627,329,000	2,592,692,000					2,312,560,000																							1,626,693,000	1,621,612,000	1,621,441,000								1,662,465,000
construction work in progress	677,897,000	637,262,000	495,976,000	816,143,000	727,130,000	693,502,000	589,834,000	717,353,000	593,995,000	491,565,000	372,988,000	485,023,000	390,733,000	313,901,000	248,856,000	350,090,000	293,050,000	282,704,000	218,719,000	379,848,000	309,513,000	240,002,000	161,106,000	258,285,000	202,991,000	225,485,000	194,427,000	227,367,000	220,065,000	284,870,000	245,933,000					227,355,000																							137,622,000	156,061,000	179,652,000								312,161,000
nuclear fuel, net of accumulated amortization of 32,051 and 28,245	76,887,000
net utility plant	8,815,504,000	8,622,927,000	8,437,008,000	8,211,382,000	7,974,937,000	7,760,370,000	7,609,862,000	7,410,853,000	7,215,199,000	7,009,589,000	6,972,823,000	6,794,385,000	6,937,130,000	6,858,428,000	6,752,899,000	6,218,822,000	6,134,431,000	6,030,515,000	5,965,149,000	5,774,387,000	5,668,578,000	5,544,283,000	5,466,009,000	5,347,131,000	5,245,986,000	5,289,971,000	5,234,629,000	5,163,829,000	5,100,699,000	5,031,530,000	4,980,227,000					4,843,895,000																							3,444,444,000	3,391,283,000	3,384,530,000								3,303,895,000
deferred charges and other assets:
goodwill	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000	278,297,000					278,297,000																							321,310,000	321,310,000	321,310,000			102,775,000		102,775,000	102,775,000	102,775,000	494,513,000
operating lease right-of-use assets, net of accumulated amortization	265,919,000	269,399,000	272,894,000	174,554,000	177,285,000	179,480,000	182,201,000	185,989,000	50,104,000	52,675,000	55,982,000	62,440,000	67,623,000	74,126,000	79,511,000	85,956,000	92,498,000	99,017,000	105,133,000	111,638,000	118,140,000	124,717,000	131,212,000	137,637,000	143,876,000	150,426,000
other deferred charges	268,525,000	274,131,000	258,080,000	250,088,000	216,769,000	224,531,000	198,805,000	192,286,000	177,578,000	164,460,000	157,497,000	169,861,000	155,993,000	159,016,000	139,332,000	110,681,000	108,193,000	102,997,000	100,877,000	106,627,000	106,478,000	104,648,000	105,510,000	94,415,000	93,434,000	95,106,000	90,153,000	97,848,000	96,223,000	95,115,000	91,926,000					77,732,000																							94,376,000	92,867,000	91,002,000								50,030,000
total deferred charges and other assets	1,766,536,000	1,779,132,000	1,771,274,000	1,655,711,000	1,602,244,000	1,613,060,000	1,573,684,000	1,581,059,000	1,438,273,000	1,429,145,000	1,338,462,000	1,331,430,000	1,100,965,000	1,023,078,000	1,011,398,000	1,019,366,000	1,028,274,000	1,035,461,000	1,042,097,000	1,068,395,000	1,085,501,000	1,097,992,000	1,071,949,000	1,076,663,000	1,092,571,000	1,112,095,000	969,891,000	959,714,000	966,505,000	972,087,000	974,451,000					819,792,000																							949,842,000	965,054,000	965,527,000								1,204,540,000
liabilities and stockholders’ equity
current liabilities:
short-term debt	345,700,000	593,700,000	609,300,000	459,000,000	326,400,000	244,500,000	261,900,000	405,500,000	326,500,000	409,400,000	232,000,000	60,200,000	266,300,000	86,000,000	62,700,000	13,900,000	91,500,000	197,500,000	32,000,000	184,294,000	252,549,000	300,600,000	185,100,000	289,600,000	342,400,000	223,800,000	235,900,000	262,600,000	282,600,000	238,700,000	305,400,000					355,900,000																							222,000,000	192,000,000	285,000,000								559,670,000	513,045,000	194,000,000
current installments of long-term debt	416,701,000	671,858,000	611,603,000	411,539,000	240,770,000	283,776,000	280,169,000	502,434,000	422,338,000	409,901,000	184,793,000	184,684,000	259,569,000	179,419,000	179,339,000	104,258,000	250,051,000	1,010,559,000	575,518,000	779,597,000	779,372,000	539,555,000	490,268,000	385,227,000	100,187,000	172,302,000		471,880,000	471,690,000	309,565,000	256,895,000					101,335,000																							2,252,000	2,125,000	2,125,000								148,935,000
accounts payable	147,646,000	163,132,000	204,468,000	136,435,000	140,304,000	133,470,000	205,175,000	157,035,000	147,593,000	122,254,000	215,708,000	127,493,000	129,923,000	117,772,000	172,595,000	111,970,000	128,249,000	110,577,000	169,317,000	84,684,000	75,933,000	95,194,000	103,118,000	81,679,000	80,908,000	77,893,000	112,170,000	72,568,000	82,851,000	78,427,000	121,383,000	123,000	-754,000	-2,509,000	5,614,000	76,403,000	822,000	5,130,000	-31,139,000	-794,000	-21,315,000	4,622,000	212,000	10,100,000	-26,737,000	-31,847,000	2,807,000	-4,953,000	-5,829,000	-18,857,000	11,028,000	2,353,000	-7,112,000	1,014,000	12,524,000	13,781,000	6,101,000	-7,838,000	95,969,000	102,052,000	110,956,000	-40,932,000	-3,466,000	-18,401,000	-50,553,000	-9,917,000	-2,688,000	-44,666,000	167,512,000
customer deposits	6,509,000	6,556,000	6,533,000	6,530,000	6,454,000	6,256,000	6,237,000	6,259,000	6,227,000	6,317,000	6,117,000	5,917,000	5,879,000	5,364,000	5,095,000	4,876,000	4,752,000	4,877,000	6,606,000	9,173,000	10,004,000	10,470,000	10,585,000	10,730,000	10,686,000	10,749,000	10,695,000	10,833,000	10,919,000	11,045,000	11,028,000					11,693,000
accrued interest and taxes	86,970,000	102,947,000	104,756,000	115,736,000	90,763,000	88,302,000	98,655,000	86,001,000	69,307,000	72,065,000	76,783,000	86,937,000	67,570,000	70,238,000	70,105,000	75,571,000	59,667,000	68,164,000	68,206,000	73,097,000	60,807,000	65,908,000	76,815,000	73,610,000	55,885,000	71,264,000	65,156,000	80,181,000	58,283,000	75,703,000	62,357,000	16,221,000	-1,520,000	16,954,000	-9,601,000	80,180,000	736,000	20,221,000	-5,343,000	22,856,000	412,000	22,832,000	-3,599,000	19,984,000	-1,575,000	22,362,000	72,740,000	66,090,000	45,380,000		47,666,000				-45,579,000	33,049,000	-6,798,000	22,969,000	47,783,000	73,511,000	42,233,000	-88,182,000	24,643,000	30,738,000	9,124,000	2,076,000	-1,683,000	29,575,000	58,379,000
regulatory liabilities	21,787,000	32,207,000	34,173,000	47,738,000	76,131,000	108,429,000	140,005,000	122,895,000	3,226,000	13,668,000	17,002,000	17,186,000	9,118,000	12,885,000	8,316,000	13,381,000	2,802,000	6,890,000	7,471,000	6,632,000	3,659,000	2,916,000	505,000	6,938,000	7,355,000	19,245,000	9,446,000	9,300,000		3,159,000	2,309,000					6,403,000																							724,000	3,766,000	1,463,000								17,577,000
operating lease liabilities	13,640,000	14,523,000	14,293,000	11,157,000	10,834,000	11,811,000	12,267,000	11,983,000	8,825,000	10,425,000	18,781,000	18,534,000	26,612,000	27,722,000	27,218,000	28,230,000	26,472,000	28,160,000	27,460,000	26,826,000	26,744,000	29,693,000	29,068,000	28,204,000	27,396,000	26,197,000
dividends declared	132,000	37,891,000	36,889,000	35,085,000	132,000	35,085,000	35,085,000	31,676,000	132,000	31,676,000	31,676,000	29,960,000	132,000	29,960,000	132,000	28,243,000	132,000	28,243,000	28,243,000	24,625,000	132,000	24,625,000	24,625,000	23,231,000	132,000	23,231,000	23,231,000	21,240,000	132,000	21,240,000	21,240,000					17,656,000
transmission interconnection arrangement liabilities			68,085,000	65,981,000	132,505,000	124,248,000	96,870,000	65,063,000	28,527,000	23,481,000	20,473,000	20,208,000	24,643,000	42,666,000	39,564,000	30,983,000
other current liabilities	81,313,000	71,361,000	84,998,000	80,442,000	114,344,000	71,251,000	94,397,000	89,727,000	95,564,000	96,278,000	87,037,000	115,350,000	104,738,000	101,017,000	99,149,000	63,795,000	72,842,000	56,150,000	62,841,000	62,651,000	56,574,000	45,959,000	47,397,000	46,510,000	41,592,000	39,452,000	54,678,000	50,781,000	54,259,000	43,586,000	53,850,000	-17,988,000	9,220,000	2,946,000	-12,136,000	49,833,000	-15,511,000	-9,335,000	-275,000	-12,099,000	-3,259,000	-18,836,000	-659,000	-21,586,000	3,943,000	-29,609,000	-27,376,000	-43,935,000	-23,523,000	-44,068,000	-2,539,000	-9,850,000	10,095,000	-18,379,000	15,216,000	-12,919,000	-10,532,000	-26,354,000	119,989,000	113,298,000	112,260,000	-12,915,000	4,957,000	-15,536,000	-6,240,000	-3,567,000	-17,903,000		114,052,000
total current liabilities	1,120,398,000	1,694,175,000	1,775,098,000	1,369,643,000	1,138,637,000	1,107,128,000	1,230,760,000	1,478,573,000	1,108,239,000	1,195,465,000	890,370,000	666,469,000	894,484,000	673,043,000	664,213,000	475,207,000	636,467,000	1,511,120,000	977,662,000	1,251,579,000	1,265,774,000	1,114,920,000	967,481,000	945,729,000	666,541,000	664,133,000	512,453,000	980,475,000	962,150,000	782,753,000	835,644,000					701,826,000																							520,124,000	537,682,000	591,143,000								1,171,965,000
long-term debt, net of unamortized premiums, discounts, and debt issuance costs	4,782,536,000	4,582,713,000	4,311,765,000	4,511,206,000	4,596,994,000	4,355,049,000	4,241,642,000	3,902,687,000	3,927,625,000	3,668,079,000	3,892,594,000	3,893,500,000	3,573,087,000	3,620,041,000	3,519,580,000	3,395,975,000	3,186,052,000	2,205,133,000	2,719,632,000	2,509,752,000	2,437,246,000	2,468,720,000	2,517,449,000	2,467,002,000	2,672,155,000	2,771,939,000	2,670,111,000	2,142,631,000	2,122,352,000	2,271,984,000	2,180,750,000					2,207,005,000
deferred credits and other liabilities:
accumulated deferred income taxes	918,217,000	909,777,000	899,392,000	886,189,000	854,174,000	835,835,000	845,280,000	859,173,000	861,445,000	838,995,000	822,831,000	806,630,000	780,518,000	772,263,000	764,850,000	744,856,000	718,843,000	702,008,000	694,512,000	674,704,000	647,883,000	630,844,000	626,058,000	614,011,000	591,145,000	613,989,000	600,719,000	586,295,000	566,084,000	554,022,000	547,210,000					935,796,000																							540,106,000	550,481,000	543,730,000								579,586,000
asset retirement obligations	246,647,000	246,208,000	244,618,000	246,751,000	247,653,000	246,908,000	245,531,000	228,343,000	227,592,000	225,017,000	223,377,000	220,899,000	239,640,000	236,877,000	234,146,000	192,132,000	188,007,000	185,700,000	183,421,000	181,159,000	181,805,000	184,951,000	181,962,000	179,646,000	176,743,000	161,685,000	158,674,000	155,203,000	152,300,000	149,453,000	146,679,000					119,032,000																							76,637,000	75,419,000	73,903,000								63,789,000
accrued pension liability and postretirement benefit cost	18,211,000	20,559,000	23,065,000	13,470,000	16,168,000	18,700,000	21,429,000	27,748,000	29,487,000	31,052,000	32,799,000	9,416,000	12,597,000	15,772,000	19,057,000	46,857,000	50,584,000	54,274,000	58,101,000	86,170,000	87,248,000	91,146,000	95,037,000	88,335,000	92,434,000	96,374,000	100,375,000	80,871,000	84,934,000	88,840,000	94,003,000					63,437,000																							270,172,000	264,598,000	275,519,000								131,126,000
other deferred credits	363,618,000	368,575,000	358,867,000	363,136,000	330,559,000	334,180,000	319,066,000	323,195,000	346,456,000	321,398,000	342,413,000	350,663,000	343,584,000	335,291,000	333,195,000	277,189,000	264,799,000	259,079,000	255,230,000	250,977,000	227,282,000	222,064,000	185,753,000	181,839,000	171,770,000	169,372,000	165,157,000	127,612,000	130,705,000	131,468,000	131,706,000					137,686,000																							147,616,000	132,698,000	127,039,000								135,797,000
total deferred credits and other liabilities	2,544,007,000	2,551,496,000	2,530,056,000	2,443,055,000	2,384,570,000	2,379,217,000	2,369,623,000	2,371,668,000	2,265,981,000	2,213,261,000	2,217,958,000	2,201,664,000	2,246,318,000	2,253,273,000	2,248,634,000	2,171,995,000	2,141,023,000	2,127,301,000	2,122,557,000	2,136,657,000	2,103,491,000	2,092,381,000	2,060,565,000	2,041,584,000	2,023,702,000	2,055,699,000	1,918,864,000	1,877,838,000	1,865,743,000	1,861,113,000	1,856,732,000					1,724,988,000																							1,407,916,000	1,409,480,000	1,402,586,000								1,351,031,000
total liabilities	8,446,941,000	8,828,384,000	8,616,919,000	8,323,904,000	8,120,201,000	7,841,394,000	7,842,025,000	7,752,928,000	7,301,845,000	7,076,805,000	7,000,922,000	6,761,633,000	6,713,889,000	6,546,357,000	6,432,427,000	6,043,177,000	5,963,542,000	5,843,554,000	5,819,851,000	5,897,988,000	5,806,511,000	5,676,021,000	5,545,495,000	5,454,315,000	5,362,398,000	5,491,771,000	5,101,428,000	5,000,944,000	4,950,245,000	4,915,850,000	4,873,126,000					4,633,819,000																							3,491,635,000	3,512,849,000	3,559,256,000								4,054,846,000	934,341,000	648,620,000
commitments and contingencies
cumulative preferred stock of subsidiary
without mandatory redemption requirements	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000	11,529,000					11,529,000																							11,529,000	11,529,000	11,529,000
equity:
txnm common stockholders’ equity:
common stock	2,366,770,000	1,721,109,000	1,724,444,000	1,624,685,000	1,625,251,000	1,623,991,000	1,624,823,000	1,425,342,000	1,423,827,000	1,424,198,000	1,429,102,000	1,427,383,000	1,426,448,000	1,425,574,000	1,429,257,000	1,426,587,000	1,425,700,000	1,425,133,000	1,429,941,000	1,145,152,000	1,143,822,000	1,142,879,000	1,150,552,000	1,149,583,000	1,148,690,000	1,148,364,000	1,153,113,000	1,150,648,000	1,149,646,000	1,150,516,000	1,157,665,000					1,162,599,000
accumulated other comprehensive income, net of income taxes	-75,393,000	-74,586,000	-75,708,000	-73,399,000	-69,900,000	-67,608,000	-62,840,000	-62,420,000	-59,235,000	-64,354,000	-66,048,000	-70,179,000	-76,825,000	-76,580,000	-71,936,000	-80,620,000	-79,353,000	-82,342,000	-79,183,000	-89,876,000	-92,581,000	-103,427,000	-99,377,000	-98,881,000	-100,182,000	-103,239,000	-108,684,000	-101,480,000	-103,757,000	-105,520,000	-95,940,000					-73,643,000																							-68,666,000	-57,118,000	-55,128,000
retained earnings	879,388,000	857,812,000	887,649,000	908,693,000	847,397,000	799,348,000	787,110,000	872,289,000	897,651,000	852,347,000	828,878,000	844,677,000	781,899,000	766,538,000	810,203,000	798,983,000	741,884,000	688,175,000	698,707,000	718,040,000	645,259,000	587,770,000	627,523,000	620,211,000	563,640,000	639,554,000	643,953,000	722,130,000	676,826,000	638,618,000	633,528,000					599,249,000																							314,943,000	434,570,000	408,882,000								669,449,000	623,936,000	564,623,000
total txnm common stockholders’ equity	3,170,765,000	2,504,335,000	2,536,385,000	2,459,979,000
non-controlling interest in valencia	46,029,000	46,372,000	46,900,000	48,069,000	48,932,000	48,999,000	49,958,000	51,173,000	51,353,000	52,611,000	52,994,000	53,847,000	54,165,000	54,268,000	55,405,000	56,414,000	57,167,000	57,260,000	59,009,000	59,279,000	59,927,000	60,347,000	63,052,000	64,175,000	62,592,000	62,779,000	64,212,000	65,224,000	65,600,000	65,400,000	66,195,000					70,117,000																							85,177,000	88,515,000	88,736,000
total equity	3,216,794,000	2,550,707,000	2,583,285,000	2,508,048,000	2,451,680,000	2,404,730,000	2,399,051,000	2,286,384,000	2,313,596,000	2,264,802,000	2,244,926,000	2,255,728,000	2,185,687,000	2,169,800,000	2,222,929,000	2,201,364,000	2,145,398,000	2,088,226,000	2,108,474,000	1,832,595,000	1,756,427,000	1,687,569,000	1,741,750,000	1,735,088,000	1,674,740,000	1,747,458,000	1,752,594,000	1,836,522,000	1,788,315,000	1,749,014,000	1,761,448,000					1,758,322,000																							1,721,919,000	1,856,431,000	1,832,737,000
nuclear fuel, net of accumulated amortization of 32,015 and 28,245		74,729,000
equity investment in nmrd							119,570,000	118,569,000	106,430,000	102,175,000	90,620,000	90,674,000	90,161,000	89,344,000	89,158,000	89,065,000	88,504,000	87,769,000	90,655,000	90,519,000	84,037,000	75,203,000	65,159,000	56,084,000	40,002,000	33,528,000	26,564,000	26,029,000	24,761,000	21,541,000	16,510,000
non-utility property, including financing leases			28,832,000				29,367,000				26,841,000				25,439,000				24,075,000
plant in service, held for future use, and to be abandoned			10,697,774,000	10,231,652,000	10,028,222,000	9,807,524,000	9,701,180,000	9,344,655,000	9,223,619,000	9,120,465,000	9,164,564,000	8,832,929,000	9,421,123,000	9,448,704,000	9,357,849,000	8,723,398,000	8,650,041,000	8,532,455,000	8,480,799,000	8,106,592,000	8,030,505,000	7,957,079,000	7,918,601,000	7,680,996,000	7,596,976,000						7,238,285,000					6,842,017,000
nuclear fuel, net of accumulated amortization of 28,245 and 35,840			72,554,000
nuclear fuel, net of accumulated amortization of 36,439 and 35,840				73,815,000
nuclear fuel, net of accumulated amortization of 31,652 and 35,840					74,782,000
pnmr common stockholders’ equity:
total pnmr common stockholders’ equity					2,402,748,000	2,355,731,000	2,349,093,000	2,235,211,000	2,262,243,000	2,212,191,000	2,191,932,000	2,201,881,000	2,131,522,000	2,115,532,000	2,167,524,000	2,144,950,000	2,088,231,000	2,030,966,000	2,049,465,000	1,773,316,000	1,696,500,000	1,627,222,000	1,678,698,000	1,670,913,000	1,612,148,000	1,684,679,000	1,688,382,000	1,771,298,000	1,722,715,000	1,683,614,000	1,695,253,000					1,688,205,000																							1,536,742,000	1,667,916,000	1,644,001,000
nuclear fuel, net of accumulated amortization of 39,681 and 35,840						72,190,000
nuclear fuel, net of accumulated amortization of 35,840 and 43,985							74,671,000
nuclear fuel, net of accumulated amortization of 34,759 and 43,985								77,368,000
nuclear fuel, net of accumulated amortization of 29,912 and 43,985									77,679,000
nuclear fuel, net of accumulated amortization of 38,626 and 43,985										77,214,000
nuclear fuel, net of accumulated amortization of 43,985 and 41,181											95,223,000
nuclear fuel, net of accumulated amortization of 47,734 and 41,181												97,545,000
nuclear fuel, net of accumulated amortization of 41,329 and 41,181													100,450,000
nuclear fuel, net of accumulated amortization of 47,131 and 41,181														99,381,000
nuclear fuel, net of accumulated amortization of 41,181 and 41,367															98,937,000
nuclear fuel, net of accumulated amortization of 48,062 and 41,367																97,055,000
nuclear fuel, net of accumulated amortization of 41,688 and 41,367																	99,118,000
nuclear fuel, net of accumulated amortization of 47,253 and 41,367																		98,502,000
nuclear fuel, net of accumulated amortization of 41,367 and 42,354																			100,801,000
nuclear fuel, net of accumulated amortization of 47,539 and 42,354																				99,115,000
nuclear fuel, net of accumulated amortization of 41,140 and 42,354																					101,994,000
nuclear fuel, net of accumulated amortization of 48,278 and 42,354																						102,768,000
nuclear fuel, net of accumulated amortization of 42,354 and 42,511																							99,805,000
pnm resources, inc. and subsidiariesconsolidated balance sheets
nuclear fuel, net of accumulated amortization of 48,364 and 42,511																								95,916,000
nuclear fuel, net of accumulated amortization of 42,410 and 42,511																									95,636,000
pnmr common stockholders' equity:
plant in service and held for future use																										7,610,093,000	7,548,581,000	7,527,250,000	7,438,356,000	7,284,727,000
nuclear fuel, net of accumulated amortization of 48,675 and 42,511																										95,713,000
current portion of westmoreland loan																														4,837,000	3,576,000					43,553,000
commodity derivative instruments																											1,083,000	1,083,000	1,094,000	1,087,000	1,088,000					3,949,000																							15,999,000	35,835,000	40,556,000
long-term portion of westmoreland loan																														46,154,000	53,064,000					66,230,000
nuclear fuel, net of accumulated amortization of 42,511 and 43,524																											95,798,000
nuclear fuel, net of accumulated amortization of 49,376 and 43,524																												92,838,000
nuclear fuel, net of accumulated amortization of 43,309 and 43,524																													90,962,000
nuclear fuel, net of accumulated amortization of 49,905 and 43,524																														89,262,000
available-for-sale securities																															323,524,000					271,035,000
nuclear fuel, net of accumulated amortization of 43,524 and 43,905																															88,701,000
cash flows from operating activities:
net earnings																																115,869,000	50,587,000	20,110,000	91,938,000		27,352,000	7,561,000	-324,000	91,923,000	38,866,000	13,502,000	101,453,000	84,512,000	35,460,000	11,205,000	102,676,000	96,420,000	44,470,000	14,773,000	105,601,000	96,306,000	41,417,000	21,077,000	68,538,000	75,526,000	27,620,000	19,952,000				102,702,000	-31,846,000	-33,429,000	-48,724,000	-4,478,000	38,907,000	26,311,000
adjustments to reconcile net earnings to net cash flows from operating activities:
depreciation and amortization																																134,541,000	88,864,000	44,691,000	166,047,000		80,688,000	40,225,000	150,538,000	111,371,000	73,701,000	37,470,000	143,303,000	108,069,000	71,327,000	35,950,000	136,732,000	104,161,000	69,179,000	34,655,000	129,514,000	97,086,000	63,303,000	31,498,000	123,216,000	151,984,000	97,404,000	48,458,000				108,505,000	101,458,000	75,803,000	49,662,000	25,077,000	126,255,000	100,224,000
deferred income tax expense																																59,866,000	23,685,000	7,878,000	53,119,000		13,180,000	3,727,000	-2,836,000	46,268,000	18,464,000	5,908,000	55,787,000	45,313,000	19,716,000	4,185,000	50,043,000	49,870,000	21,836,000	6,685,000	65,479,000	52,558,000	21,067,000	10,852,000	90,567,000	43,167,000	17,992,000							-4,732,000	-3,365,000	-5,574,000
net unrealized (gains) losses on commodity derivatives																																968,000	939,000		1,577,000		5,219,000	-1,435,000	5,188,000	1,251,000	6,127,000	1,720,000			3,187,000	2,761,000		-5,858,000
realized (gains) on available-for-sale securities																																-17,730,000	-12,324,000	-6,661,000	-19,517,000		-10,849,000	-6,218,000	-16,060,000	-12,116,000	-9,580,000	-4,024,000	-10,527,000	-8,234,000	-7,272,000	-2,573,000	-10,612,000
regulatory disallowances and restructuring costs																																			15,011,000		774,000	774,000	167,471,000
allowance for equity funds used during construction																																-5,908,000			-4,163,000				-10,430,000																													-1,077,000
other																																1,705,000	143,000	-759,000	3,046,000		-221,000	-611,000	2,794,000	-5,288,000	-2,958,000	-974,000	-1,391,000	-355,000	193,000	1,042,000	-1,614,000	-1,282,000	-818,000	-343,000	-120,000	-1,005,000	-545,000	-195,000	4,216,000	3,549,000	2,115,000	1,503,000				1,614,000	-2,684,000	-1,445,000	-368,000	-1,543,000	-2,315,000	-1,746,000
changes in certain assets and liabilities:
accounts receivable and unbilled revenues																																-13,881,000	-8,846,000	17,414,000	4,769,000		8,572,000	33,417,000	-2,515,000	-16,220,000	-15,283,000	12,385,000	-5,919,000	-16,782,000	-13,885,000	15,018,000	-3,021,000	-14,123,000	-15,841,000	5,467,000	-4,756,000	-26,183,000	-17,867,000	9,920,000	-23,487,000	-88,462,000	-44,371,000	8,231,000				-50,552,000	5,668,000	37,318,000	20,239,000	-4,850,000	17,282,000
other assets																																6,925,000	8,539,000	4,399,000	-23,880,000		6,582,000	3,311,000	4,194,000	12,126,000	7,568,000	4,479,000	7,150,000	29,796,000	18,790,000	6,042,000	-13,363,000	21,977,000	6,196,000	8,772,000	-27,338,000	-9,425,000	-5,868,000	-1,533,000	-795,000	-3,310,000	-257,000	-918,000				10,821,000	20,572,000	-1,783,000	-1,208,000	-565,000	-8,931,000	27,254,000
other liabilities																																-8,792,000	-6,949,000	-1,325,000	20,119,000		-6,871,000	-4,505,000	-33,503,000	-34,224,000	-34,729,000	-30,178,000	42,325,000	2,841,000	-3,193,000	-806,000	-59,753,000	-67,062,000	-69,059,000	-64,893,000	-54,787,000	-75,629,000	-78,105,000	-78,133,000	-18,612,000	-43,691,000	-21,972,000	-12,649,000				-17,588,000	-6,989,000	-2,238,000	-1,252,000	799,000	-8,243,000	-18,228,000
net cash flows from operating activities																																297,792,000	156,377,000	116,275,000	289,146,000		86,585,000	73,675,000	251,834,000	240,177,000	67,780,000	51,673,000	299,117,000	238,482,000	83,813,000	46,513,000	260,454,000	190,114,000	72,976,000	-32,713,000	268,420,000	208,550,000	91,736,000	67,572,000	213,038,000	198,497,000	84,740,000	58,738,000				-39,308,000	167,574,000	146,842,000	53,922,000	47,250,000	188,926,000	160,349,000
cash flows from investing activities:
utility plant additions																																-206,499,000	-125,698,000	-65,781,000	-445,464,000		-302,721,000	-238,734,000	-404,840,000	-301,410,000	-172,937,000	-81,988,000	-316,800,000	-199,771,000	-92,567,000	-51,594,000	-239,906,000	-164,669,000	-98,673,000	-44,389,000	-196,800,000	-144,571,000	-111,344,000	-66,668,000	-251,345,000							-256,769,000	-277,087,000	-200,983,000	-134,187,000	-68,566,000	-352,142,000	-260,250,000
proceeds from sales of available-for-sale securities																																456,577,000	358,045,000	266,388,000	522,601,000		194,014,000	124,900,000	252,174,000	166,097,000	94,522,000	31,852,000	117,989,000	82,222,000	53,119,000	22,804,000	271,140,000
purchases of available-for-sale securities																																-461,126,000	-359,853,000	-267,891,000	-538,383,000		-195,619,000	-126,101,000	-262,548,000	-166,268,000	-94,905,000	-32,661,000	-127,016,000	-81,644,000	-54,338,000	-23,612,000	-282,000,000
return of principal on pvngs lessor notes																																			8,547,000		8,547,000	8,547,000	21,694,000	21,694,000	14,188,000	14,188,000	20,758,000	20,758,000	10,231,000	10,231,000	23,357,000	23,357,000	10,965,000	10,965,000	23,455,000	23,455,000	12,632,000	12,632,000	32,274,000	32,274,000	15,374,000	15,374,000				30,871,000	26,077,000	25,735,000	12,645,000	12,304,000	24,638,000	24,296,000
net cash flows from investing activities																																-210,898,000	-127,363,000	-67,156,000	-452,528,000		-295,612,000	-231,238,000	-390,585,000	-276,836,000	-156,273,000	-68,465,000	-341,667,000	-218,074,000	-83,625,000	-42,172,000	-223,566,000	-142,165,000	-88,257,000	-33,048,000	-180,357,000	-124,189,000	-98,866,000	-54,491,000	-221,188,000	-204,828,000	-138,554,000	-48,938,000				412,494,000	-247,405,000	-169,496,000	-115,909,000	-53,410,000	-286,639,000	-224,393,000
cash flows from financing activities:
revolving credit facilities borrowings (repayments)																																-61,000,000
long-term borrowings																																257,000,000	57,000,000		321,000,000		175,000,000		313,605,000	313,605,000	64,300,000		275,000,000	175,000,000	175,000,000	175,000,000	75,000,000	75,000,000	75,000,000		20,000,000	20,000,000			160,000,000	50,000,000						36,000,000	350,000,000	350,000,000	350,000,000		20,000,000	20,000,000
repayment of long-term debt																																-232,000,000	-57,000,000		-271,000,000		-125,000,000		-214,300,000	-214,300,000	-39,300,000		-75,000,000	-75,000,000	-75,000,000	-75,000,000					-20,000,000	-20,000,000				-50,000,000						-36,000,000	-300,000,000
equity contribution from parent																																			28,142,000		4,142,000		175,000,000																43,000,000							86,253,000
dividends paid																																-396,000	-264,000	-132,000	-4,670,000		-4,406,000	-132,000	-94,968,000	-46,548,000	-264,000	-132,000	-30,791,000	-30,659,000	-264,000	-132,000	-155,556,000	-68,424,000	-264,000	-132,000	-34,961,000	-18,076,000	-17,944,000	-132,000	-47,862,000	-34,690,000	-23,127,000	-11,563,000				-300,276,000	-40,528,000	-40,396,000	-264,000	-132,000	-528,000	-396,000
valencia’s transactions with its owner																																-12,963,000	-7,731,000	-4,028,000	-17,006,000		-7,394,000	-3,999,000	-17,049,000	-12,107,000	-7,614,000	-4,160,000	-17,610,000	-12,749,000	-8,189,000	-4,369,000	-18,335,000		-8,675,000	-5,260,000	-15,630,000	-12,034,000	-7,449,000
amounts received under transmission interconnection arrangements																																11,879,000
refunds paid under transmission interconnection arrangements																																-9,368,000
net cash flows from financing activities																																-47,848,000	-29,312,000	-49,349,000	120,568,000		167,973,000	114,616,000	156,409,000	35,716,000	66,563,000	-4,436,000	68,009,000	-19,804,000	9,147,000	13,390,000	-40,825,000	-29,728,000	43,792,000	61,824,000	-96,412,000	-96,447,000	-4,009,000	-25,088,000	10,121,000	16,687,000	52,433,000	-12,264,000				-418,434,000	122,121,000	114,557,000	102,180,000	23,564,000	90,158,000	54,873,000
change in cash and cash equivalents																																39,046,000	-298,000	-230,000	-42,814,000		-41,054,000	-42,947,000	17,658,000	-943,000	-21,930,000	-21,228,000	25,459,000	604,000	9,335,000	17,731,000	-3,937,000	18,221,000	28,511,000	-3,937,000	-8,349,000	-12,086,000	-11,139,000	-12,007,000	1,971,000	10,356,000	-1,381,000	-2,464,000				-45,248,000	42,290,000	91,903,000	40,193,000	17,404,000	-7,555,000	-9,171,000
cash and cash equivalents at beginning of period																																324,000	324,000	324,000			43,138,000	43,138,000		25,480,000	25,480,000	25,480,000		21,000	21,000	21,000		3,958,000	3,958,000	3,958,000		12,307,000	12,307,000	12,307,000		15,404,000	15,404,000	15,404,000					4,331,000	4,331,000	4,331,000	4,331,000	11,886,000	11,886,000
cash and cash equivalents at end of period																																39,370,000	26,000	94,000			2,084,000	191,000		24,537,000	3,550,000	4,252,000		625,000	9,356,000	17,752,000		22,179,000	32,469,000	21,000		221,000	1,168,000	300,000		25,760,000	14,023,000	12,940,000					46,621,000	96,234,000	44,524,000	21,735,000	4,331,000	2,715,000
supplemental cash flow disclosures:
interest paid, net of amounts capitalized																																48,627,000	39,584,000	9,330,000	82,514,000		40,838,000	8,561,000	69,936,000	42,680,000	36,977,000	4,287,000	73,787,000	41,606,000	36,601,000	4,222,000	71,306,000	49,984,000	37,845,000	4,304,000	73,036,000	43,167,000	36,286,000	4,141,000
income taxes paid (refunded)																																			-967,000				-1,450,000	-1,450,000	-1,450,000	-1,450,000	-228,000	-215,000	-215,000	-215,000	-77,434,000	-44,999,000	-44,999,000		-63,113,000	-63,114,000	-63,114,000	-63,114,000	-1,541,000	-3,744,000	-1,775,000					126,528,000	2,050,000	-1,855,000	-1,855,000	-1,855,000
supplemental schedule of noncash investing activities:
increase in accrued plant additions																																-9,399,000	-5,392,000	3,449,000	22,433,000		21,157,000	16,747,000
allowance for equity funds used during construction and other																																	-2,278,000
revolving credit facilities borrowings																																	-23,000,000	-44,800,000			126,000,000	118,800,000
net unrealized (gains) on commodity derivatives																																		-1,345,000										-67,000
purchase of rio bravo																																											-36,235,000	-36,235,000
public service company of new mexico and subsidiariesa wholly owned subsidiary of pnm resources, inc.consolidated statements of cash flows
short-term borrowings (repayments)																																			61,000,000						51,100,000		-49,200,000	-49,200,000	-49,200,000	-49,200,000	28,100,000	-21,100,000	-21,100,000	67,800,000	-44,900,000	-66,000,000	20,400,000	-21,900,000	-124,000,000	67,000,000	82,000,000	2,000,000				-222,000,000	24,591,000	19,000,000	-316,817,000	24,004,000	70,725,000	35,310,000
short-term borrowings (repayments) - affiliate																																											-32,500,000				32,500,000
cash and cash equivalents at beginning of year																																			43,138,000				25,480,000				21,000				3,958,000				12,307,000				10,336,000							46,621,000
cash and cash equivalents at end of year																																			324,000				43,138,000				25,480,000				21,000				3,958,000				12,307,000							1,373,000
nuclear fuel, net of accumulated amortization of 50,623 and 44,455																																				87,083,000
changes in accrued plant additions																																							-17,469,000	-9,933,000	2,813,000	7,421,000	1,616,000	-10,586,000	-5,595,000	-8,133,000	7,921,000
regulatory disallowances																																								1,744,000	1,744,000	215,000	1,062,000				12,235,000	1,735,000							17,479,000	21,402,000	21,402,000					26,872,000		30,248,000	30,248,000	30,248,000
short-term borrowings (repayments), affiliate																																												-26,000,000	-32,500,000	-32,500,000
net unrealized (gains) losses on derivatives																																											-6,504,000				-1,866,000		1,729,000	4,902,000	-1,598,000	3,076,000	1,978,000	-3,502,000	-3,822,000	-5,869,000	-6,996,000	-11,002,000				-4,487,000	6,629,000	5,955,000	-8,832,000	-10,332,000	8,496,000
proceeds from governmental grants																																																			21,567,000	21,567,000	21,567,000	20,859,000	2,103,000
realized (gains) on investments held by ndt																																																-6,995,000	-4,805,000	-1,533,000	-13,015,000	-9,376,000	-3,660,000		-8,985,000	-7,688,000	-11,797,000	-5,902,000									-11,599,000
proceeds from sales of ndt investments																																																179,336,000	76,106,000	14,284,000		136,305,000	45,787,000	26,760,000	145,286,000							124,054,000	180,295,000	105,055,000	77,047,000	36,635,000	163,642,000
purchases of ndt investments																																																-181,401,000	-77,868,000	-15,122,000		-138,658,000	-47,313,000	-27,395,000	-149,185,000							-129,833,000	-185,439,000	-106,437,000	-77,650,000	-36,760,000	-172,327,000
valencia's transactions with its owner																																																-13,477,000
interest and taxes																																																		20,932,000		80,418,000	61,503,000	81,263,000
pvngs firm-sales contracts revenue																																																							-2,558,000
proceeds from sales of investments held by ndt																																																			167,330,000					121,202,000	94,890,000	48,120,000										99,525,000
purchases of investments held by ndt																																																			-173,158,000					-122,174,000	-96,410,000	-48,938,000										-104,455,000
payments received on pvngs firm-sales contracts																																																							2,558,000	2,558,000	2,558,000	2,558,000				30,737,000	88,509,000	80,858,000	73,173,000
proceeds from transmission interconnection arrangements																																																			983,000	983,000	983,000	953,000	1,246,000
repayment of transmission interconnection arrangements																																																			-1,753,000	-1,169,000
realized (gains) losses on investments held by ndt																																																						-4,454,000								-4,502,000	15,233,000	10,079,000	4,382,000	3,705,000
equity transactions with valencia’s owner																																																						-4,009,000	-16,801,000	-11,972,000	-7,232,000	-3,932,000				-13,639,000
(gain) on sale of pnm gas
settlement of legal proceeding																																																														31,969,000
proceeds from sale of pnm gas																																																														652,933,000
transaction costs for sale of pnm gas																																																														-11,162,000
repayments from transmission interconnection arrangements																																																							-4,637,000
interest paid, net of capitalized interest																																																							69,995,000	64,130,000	57,930,000	6,061,000				68,486,000	80,144,000	49,354,000	33,175,000	23,110,000	59,413,000	49,839,000
supplemental schedule of noncash investing and financing activities:
utility plant purchased through assumption of long-term debt																																																														31,982,000
pvngs firm-sales contract revenue																																																								-2,558,000	-2,558,000	-2,558,000
bad debt expense																																																								20,120,000	11,732,000	5,062,000
equity in net (earnings) loss of optim energy
stock based compensation expense																																																								4,302,000	2,867,000	945,000
additions to utility and non-utility plant																																																								-236,275,000	-153,168,000	-63,129,000
investments in optim energy
proceeds from stock option exercise																																																								2,570,000	2,172,000	1,265,000
purchases to satisfy awards of common stock																																																								-5,288,000	-4,535,000	-2,752,000
excess tax (shortfall) from stock-based payment arrangements
proceeds from transmission interconnection agreements																																																								1,246,000	589,000	152,000
repayment of transmission interconnection agreements																																																								-4,637,000
debt issuance costs and other																																																								-100,000	8,000	8,000
supplemental schedule of noncash financing activities:
liability incurred for purchase of convertible preferred stock, series a																																																								73,475,000
deferred income tax benefit																																																										9,312,000				4,648,000	-7,856,000				16,704,000
current portion of accumulated deferred income taxes																																																											886,000
investment in pvngs lessor notes																																																											103,871,000	104,212,000	121,454,000								203,862,000
equity investment in optim energy																																																												199,693,000	199,676,000
investments held by ndt																																																											156,922,000	146,327,000	135,496,000								136,424,000
non-utility property, net of accumulated depreciation of 2,307 and 3,779																																																											7,333,000
nuclear fuel, net of accumulated amortization of 26,247 and 19,456																																																											72,901,000
other intangible assets, net of accumulated amortization of 5,414 and 5,272																																																											26,425,000
long-term debt																																																											1,563,595,000	1,565,687,000	1,565,527,000			1,065,000		1,065,000	1,065,000	1,065,000	1,531,850,000	358,097,000	343,463,000
accumulated deferred investment tax credits																																																											18,089,000	18,696,000	19,304,000								28,531,000
pnmr convertible preferred stock, series a, without mandatory redemption requirements																																																											100,000,000
common stock outstanding																																																											1,290,465,000	1,290,464,000	1,290,247,000								1,039,530,000
non-utility property, net of accumulated depreciation of 2,152 and 3,779																																																												7,499,000
nuclear fuel, net of accumulated amortization of 26,902 and 19,456																																																												78,073,000
other intangible assets, net of accumulated amortization of 5,400 and 5,272																																																												26,439,000
pnmr convertible preferred stock, series a without mandatory redemption requirements																																																												100,000,000	100,000,000
non-utility property, net of accumulated depreciation of 1,984 and 3,779																																																													7,668,000
nuclear fuel, net of accumulated amortization of 21,689 and 19,456																																																													78,985,000
other intangible assets, net of accumulated amortization of 5,357 and 5,272																																																													26,482,000
amortization of prepayments on pvngs firm-sales contracts																																																														-26,150,000	-16,637,000	-10,313,000	-4,084,000
gain on sale of pnm gas																																																														-98,425,000
impairment of utility plant
impairment of goodwill																																																															51,143,000	51,143,000	51,143,000
proceeds from sales of utility plant																																																															837,000	837,000	837,000		55,041,000	25,041,000
change in restricted special deposits																																																														359,000		6,581,000	3,696,000
as of january 1, 2007, tnmp transferred its new mexico operational assets and liabilities to pnmr through a redemption of tnmp’s common stock. pnmr contemporaneously contributed the tnmp new mexico operational assets and liabilities to pnm. see note 2.
current assets																																																																15,444,000		15,444,000	15,444,000	15,444,000
other property and investments																																																																10,000		10,000	10,000	10,000
utility plant																																																																96,468,000		96,468,000	96,468,000	96,468,000
deferred charges																																																																1,377,000		1,377,000	1,377,000	1,377,000
total assets transferred from tnmp																																																																216,074,000		216,074,000	216,074,000	216,074,000
current liabilities																																																																17,313,000		17,313,000	17,313,000	17,313,000		50,819,000	94,348,000
deferred credits and other liabilities																																																																30,673,000		30,673,000	30,673,000	30,673,000
total liabilities transferred from tnmp																																																																49,051,000		49,051,000	49,051,000	49,051,000
net assets transferred – increase in common stockholder’s equity																																																																167,023,000		167,023,000	167,023,000	167,023,000
activities related to consolidation of valencia:
initial consolidation at may 30, 2008:
increase in short-term borrowings																																																															82,468,000	82,468,000
non-controlling interest transactions as of july 10, 2008:
reduction in short-term borrowings																																																															88,059,000	88,059,000
increase in non-controlling interest in valencia
minority interest in earnings of valencia																																																															7,179,000	4,452,000
regulatory allowances																																																															30,248,000
changes in certain assets and liabilities, net of amounts acquired:
materials, supplies, fuel stock, and natural gas stored																																																															-9,319,000	-9,486,000	-6,073,000	414,000
net additions to restricted special deposits																																																															7,493,000				-7,852,000	-10,203,000
as of january 1, 2007, tnmp transferred its new mexico operational assets and liabilities to pnmr through a redemption of tnmp’s common stock. pnmr contemporaneously contributed the tnmp new mexico operational assets and liabilities to pnm. see note 23.
minority interest transactions as of july 10, 2008:
increase in minority interest in valencia																																																															90,148,000	90,148,000
redemption of long-term debt																																																																-300,000,000
as of january 1, 2007, tnmp transferred its new mexico operational assets and liabilities to pnmr through a redemption of tnmp’s common stock. pnmr contemporaneously contributed the tnmp new mexico operational assets and liabilities to pnm.
activities related to the consolidation of valencia
reduction in restricted special deposits																																																																		2,554,000
impairments of utility plant																																																																			19,500,000
materials and supplies, fuel stock and natural gas stored																																																																			1,292,000
income taxes paid																																																																			5,604,000
deferred income tax																																																																				-14,695,000
net unrealized losses on derivatives																																																																				14,943,000
realized gains on investments held by ndt																																																																				-6,898,000
carrying charges on regulatory assets and liabilities																																																																				-692,000
impairment loss on utility plant																																																																				19,500,000
accrued pension liability and postretirement benefit costs																																																																				-2,538,000
deferred credits																																																																				-19,774,000
as of january 1, 2007, tnmp transferred its new mexico operational assets and liabilities to pnmr through a redemption of tnmp’s common stock. pnmr contemporaneously contributed the tnmp new mexico operational assets and liabilities to pnm. (see note 14).
special deposits																																																																					1,094,000
inventories																																																																					58,963,000
derivative instruments																																																																					91,600,000
equity investment in energyco																																																																					198,144,000
non-utility assets, net of accumulated depreciation of 1,291 and 1,365																																																																					7,084,000
electric plant in service																																																																					3,743,584,000
gas plant in service																																																																					751,736,000
common plant in service and plant held for future use																																																																					123,616,000
nuclear fuel, net of accumulated amortization of 20,353 and 14,008																																																																					35,263,000
pension asset																																																																					10,163,000
other intangible assets, net of accumulated amortization of 2,707 and 2,052																																																																					76,547,000
cumulative preferred stock of subsidiary without mandatory redemption requirements																																																																					11,529,000
common stockholders’ equity:
accumulated other comprehensive income, net of income tax																																																																					17,599,000
total common stockholders’ equity																																																																					1,726,578,000
intercompany receivables																																																																						109,565,000	144,510,000
property, plant and equipment, net of accumulated
depreciation of 8,013 and 7,063																																																																						25,379,000
long-term investments																																																																						29,013,000	8,220,000
investment in subsidiaries																																																																						2,438,757,000	1,811,285,000
other long-term assets																																																																						11,982,000	15,999,000
total long-term assets																																																																						2,505,131,000	1,855,793,000
total assets																																																																						2,627,637,000	2,026,912,000
liabilities and stockholders' equity
other long-term liabilities																																																																						12,380,000	16,809,000
common stock outstanding (no par value, 120,000,000 shares authorized:
issued 76,648,472 and 68,786,286 at december 31, 2006 and 2005, respectively)																																																																						1,040,451,000
accumulated comprehensive income, net of tax																																																																						28,909,000	244,000
total common stockholders' equity																																																																						1,693,296,000	1,378,292,000
total liabilities and stockholders' equity																																																																						2,627,637,000	2,026,912,000
depreciation of 7,063 and 10,066																																																																							20,289,000
issued 68,786,286 and 60,464,595 at december 31, 2005 and 2004, respectively)																																																																							813,425,000

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The information provided in this report about PNM Resources stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.