Quarterly
Annual
| Unit: USD | 2025-09-30 | 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 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 32,066,000 | 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 | 190,913,000 | 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 | 82,440,000 | 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 | 42,256,000 | 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 | 172,986,000 | 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 | 29,157,000 | 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 | 30,721,000 | 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 | 8,642,000 | 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 | 6,255,000 | 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 | 595,436,000 | 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 | 493,895,000 | 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 | 268,000 | 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 | 36,678,000 | 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 | 530,841,000 | 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 | 11,109,319,000 | 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 | 2,966,615,000 | 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 | 791,841,000 | 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 36,411 and 28,245 | 75,723,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net utility plant | 9,010,268,000 | 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 | 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 | 320,127,000 | 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 | 283,490,000 | 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 | 1,834,989,000 | 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 | 313,800,000 | 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 | 402,311,000 | 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 | 154,416,000 | 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 | 6,688,000 | 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 | 134,484,000 | 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 | 23,708,000 | 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 | 15,366,000 | 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 | 43,074,000 | 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 | 82,373,000 | 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 | 1,176,220,000 | 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 | 4,680,365,000 | 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 | 945,750,000 | 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 | 248,461,000 | 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 | 15,696,000 | 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 | 371,467,000 | 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 | 2,642,075,000 | 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 | 8,498,660,000 | 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 | 11,529,000 | ||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
txnm common stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 2,565,578,000 | 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 | -73,754,000 | -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 | 924,214,000 | 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 | 3,416,038,000 | 3,170,765,000 | 2,504,335,000 | 2,536,385,000 | 2,459,979,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest in valencia | 45,307,000 | 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 | 3,461,345,000 | 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 32,051 and 28,245 | 76,887,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 |
The information provided in this report 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.