PNM Stock Cash Flow Statements

PNM Resources Quarterly Cash Flow Statements Chart

Quarterly

Annual

PNM Resources Quarterly Cash Flow Statements 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	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30

cash flows from operating activities:
net earnings	26,013,000	12,797,000	19,994,000	136,398,000	51,964,000	50,366,000	-45,734,000	42,917,000	49,423,000	60,273,000	20,102,000	126,737,000	19,123,000	19,218,000	15,199,000	117,682,000	57,761,000	21,205,000	11,701,000	125,453,000	61,561,000	-11,399,000	35,990,000	106,763,000	-72,284,000	21,662,000	-51,539,000	91,573,000	42,449,000	18,799,000	-50,585,000	78,327,000	41,231,000	26,446,000	28,423,000	58,556,000	30,952,000	13,965,000	-87,285,000	64,855,000	35,656,000	17,852,000	22,111,000	59,486,000	33,181,000	16,131,000	11,397,000	58,814,000	31,383,000	13,962,000	12,574,000	61,975,000	25,099,000	20,477,000	115,408,000	47,906,000	7,668,000	19,952,000	-104,806,000	52,593,000
adjustments to reconcile net earnings to net cash flows from operating activities:
depreciation and amortization	120,945,000	114,300,000	109,091,000	107,554,000	103,361,000	103,004,000	91,135,000	88,706,000	86,723,000	87,128,000	85,315,000	85,866,000	85,270,000	84,672,000	81,247,000	80,759,000	79,347,000	78,857,000	81,131,000	77,738,000	78,264,000	77,535,000	75,886,000	77,092,000	74,144,000	73,946,000	68,235,000	70,386,000	69,272,000	67,748,000	67,908,000	68,425,000	65,973,000	65,888,000	63,896,000	61,352,000	58,222,000	58,563,000	57,298,000	56,672,000	53,829,000	55,062,000	52,180,000	54,251,000	51,487,000	51,949,000	50,317,000	53,942,000	52,096,000	51,818,000	52,507,000	54,021,000	51,194,000	48,777,000	43,382,000	54,580,000	48,946,000	48,458,000	48,054,000	48,405,000
deferred income tax expense	1,178,000	618,000	4,667,000	22,998,000	8,450,000	6,935,000	-24,383,000	-6,258,000	7,556,000	9,576,000	9,497,000	12,631,000	396,000	2,009,000	5,454,000	15,931,000	7,915,000	1,447,000	6,601,000	11,717,000	3,913,000	-1,826,000	7,835,000	8,710,000	-43,052,000	1,122,000	-10,687,000	12,818,000	5,121,000	767,000	55,304,000	42,781,000	21,656,000	10,787,000	13,503,000	27,433,000	15,682,000	7,187,000	-46,060,000	35,836,000	18,349,000	8,326,000	16,928,000	31,301,000	17,976,000	6,276,000	2,552,000	30,081,000	20,002,000	7,795,000	1,102,000	33,787,000	11,753,000	9,601,000	81,257,000	25,175,000	8,680,000	9,312,000
(gain) on sale of nmrd			0	0	0	-4,449,000
(gains) losses on investment securities	-23,556,000	1,241,000			-558,000	-17,998,000	-17,431,000	8,404,000	-3,777,000	-6,442,000	-5,747,000	15,736,000	41,882,000	26,486,000			-13,193,000	-967,000			-21,620,000	32,849,000
stock based compensation expense	2,294,000	2,972,000	1,635,000	1,169,000	2,068,000	4,608,000	1,319,000	1,528,000	853,000	3,490,000	1,853,000	1,156,000	1,764,000	3,052,000	2,718,000	1,016,000	1,493,000	4,219,000	1,581,000	1,330,000	1,429,000	3,801,000	990,000	898,000	1,269,000	3,257,000	2,569,000	1,226,000	431,000	2,894,000	872,000	761,000	1,874,000	2,687,000	1,233,000	858,000	890,000	2,653,000	1,115,000	987,000	547,000	2,214,000	1,251,000	1,281,000	1,268,000	2,131,000	1,005,000	1,117,000	1,295,000	1,903,000	837,000	1,313,000	199,000	1,236,000	2,254,000	1,435,000	1,922,000	945,000	369,000	563,000
regulatory disallowances			-1,621,000	6,142,000	0	4,459,000																																		0	1,529,000	215,000					10,500,000								0	0
allowance for equity funds used during construction	-3,711,000	-1,555,000	-3,976,000	-5,781,000	-4,838,000	-3,292,000	-4,903,000	-4,766,000	-3,345,000	-1,964,000	-4,567,000	-3,393,000	-3,171,000	-2,668,000	-4,350,000	-3,342,000	-2,904,000	-2,621,000	-4,526,000	-3,253,000	-2,280,000	-1,195,000	-2,764,000	-2,556,000	-2,109,000	-2,049,000	-3,306,000	-2,457,000	-2,154,000	-2,487,000	-3,299,000
other	892,000	861,000	1,140,000	986,000	1,008,000	1,031,000	328,000	-266,000	-68,000	810,000	1,054,000	569,000	46,000	708,000	863,000	1,191,000	169,000	3,234,000	390,000	109,000	2,222,000	776,000	450,000	698,000	803,000	444,000	814,000	1,120,000	838,000	757,000	920,000	1,266,000	1,071,000	-928,000	4,014,000	-747,000	405,000	-612,000	8,235,000	-2,375,000	-2,074,000	148,000	-876,000	-680,000	-967,000	1,005,000	-5,940,000	1,131,000	661,000	-348,000	380,000	-1,885,000	-1,172,000	-1,438,000	-4,488,000	1,434,000	612,000	1,503,000	-5,073,000	1,532,000
changes in certain assets and liabilities:
accounts receivable and unbilled revenues	-39,467,000	8,546,000	25,117,000	-28,346,000	-39,416,000	29,296,000	52,257,000	-55,753,000	-8,194,000	64,919,000	-6,386,000	-29,820,000	-58,062,000	21,169,000	20,725,000	-15,225,000	-48,629,000	17,205,000	15,305,000	-32,219,000	-39,148,000	14,027,000	28,494,000	-28,903,000	-11,637,000	15,842,000	11,745,000	-3,317,000	-35,345,000	18,215,000	19,231,000	-8,873,000	-32,757,000	20,553,000	3,688,000	-4,915,000	-32,445,000	36,215,000	20,485,000	-2,884,000	-33,069,000	12,170,000	17,183,000	-4,615,000	-34,750,000	17,207,000	16,169,000	-710,000	-27,083,000	4,062,000	29,003,000	-10,649,000	-34,572,000	13,671,000	17,728,000	-44,091,000	-52,602,000	8,231,000	33,312,000	-21,067,000
materials, supplies, and fuel stock	-2,930,000	-1,383,000	-11,320,000	-5,374,000	-10,653,000	-6,457,000	-14,644,000	-2,374,000	-16,726,000	2,443,000	-1,898,000	3,723,000	-5,170,000	-5,183,000	1,689,000	-4,784,000	146,000	4,305,000	1,017,000	2,242,000	4,447,000	3,806,000	-187,000	-3,252,000	-6,482,000	3,826,000	3,400,000	-449,000	-5,306,000	-2,976,000	1,676,000	-1,172,000	-867,000	1,836,000	460,000	-3,247,000	334,000	-1,716,000	3,449,000	4,656,000	-5,628,000	-2,657,000	10,000	-852,000	452,000	5,894,000	-6,856,000	-565,000	-1,103,000	944,000	1,357,000	-1,519,000	-2,192,000	-3,058,000	-1,215,000	-2,094,000	418,000	691,000	709,000	-942,000
other current assets	-16,250,000	-4,401,000	17,132,000	34,314,000	-44,141,000	24,662,000	24,791,000	-58,617,000	-17,094,000	-1,305,000	13,472,000	-6,086,000	-3,306,000	13,079,000	21,843,000	3,478,000	-4,505,000	-18,978,000	1,750,000	8,590,000	-18,580,000	105,000	3,723,000	4,169,000	-4,242,000	-1,778,000	16,148,000	2,473,000	-18,475,000	2,345,000	9,537,000	20,148,000	-8,828,000	11,441,000	9,350,000	15,523,000	-8,622,000	-18,720,000	-8,386,000	21,414,000	12,525,000	3,817,000	-10,620,000	872,000	-29,032,000	8,344,000	15,244,000	-10,537,000	1,535,000	2,335,000	1,627,000	7,796,000	-13,875,000	1,854,000	-19,078,000	-4,580,000	-7,157,000	8,836,000	11,813,000	-19,745,000
other assets	-3,144,000	-5,067,000	-2,901,000	-64,258,000	-9,041,000	-7,341,000	-12,207,000	-7,206,000	-4,333,000	-2,074,000	-1,674,000	1,806,000	17,085,000	-12,215,000	13,584,000	5,141,000	5,849,000	6,561,000	7,315,000	9,673,000	5,506,000	7,429,000	9,519,000	11,426,000	8,395,000	13,463,000	-3,448,000	5,000	3,046,000	-443,000	495,000	-9,167,000	433,000	2,753,000	-44,780,000	1,031,000	608,000	277,000	-9,981,000	4,288,000	3,842,000	4,220,000	-30,212,000	12,265,000	11,851,000	6,386,000	-34,457,000	15,300,000	-2,418,000	8,774,000	-21,279,000	-2,840,000	-6,389,000	-270,000	-12,525,000	-3,053,000	661,000	-918,000	13,340,000	958,000
accounts payable	-25,321,000	21,652,000	34,048,000	-6,525,000	13,980,000	-31,482,000	-21,314,000	11,347,000	32,737,000	-56,306,000	35,723,000	6,891,000	20,859,000	-15,905,000	4,706,000	4,944,000	10,637,000	-9,647,000	15,519,000	-2,197,000	-4,695,000	-1,224,000	5,197,000	-4,657,000	6,830,000	-7,642,000	11,924,000	-11,409,000	5,724,000	-26,953,000	10,739,000	5,781,000	1,800,000	-3,852,000	-3,033,000	10,176,000	-5,988,000	2,004,000	-33,544,000	22,052,000	-18,138,000	-2,639,000	-2,390,000	29,463,000	4,989,000	-34,373,000	22,270,000	-10,362,000	10,471,000	-17,895,000	10,047,000	8,855,000	-5,619,000	737,000	7,188,000	7,680,000	13,939,000	-7,838,000	-6,082,000	-8,904,000
accrued interest and taxes	-18,179,000	-1,409,000	-13,348,000	25,397,000	2,888,000	-9,823,000	7,840,000	17,686,000	-3,486,000	-4,514,000	-8,670,000	20,187,000	-3,221,000	909,000	-5,021,000	16,642,000	-9,005,000	76,000	-5,582,000	11,803,000	-4,738,000	-10,830,000	2,509,000	18,362,000	-12,623,000	6,443,000	-15,400,000	21,978,000	-18,235,000	13,370,000	-21,049,000	27,524,000	-19,344,000	12,542,000	-17,471,000	25,099,000	-22,559,000	18,276,000	-23,276,000	32,613,000	-29,191,000	24,811,000	-30,448,000	35,318,000	-28,643,000	25,813,000	-34,681,000	33,141,000							-25,745,000	39,847,000	-29,767,000	22,969,000	-107,315,000	86,454,000
other current liabilities	-4,459,000	-12,681,000	-20,981,000	-57,043,000	11,510,000	-39,860,000	8,693,000	140,247,000	-6,516,000	-16,844,000	-2,434,000	-23,467,000	3,843,000	-6,458,000	-10,785,000	8,907,000	13,141,000	-4,369,000	6,985,000	9,068,000	11,257,000	-3,570,000	-4,682,000	3,851,000	-8,441,000	2,060,000	-1,606,000	5,736,000	7,881,000	-9,397,000	-4,925,000	910,000	7,511,000	-10,009,000	6,922,000	3,824,000	-6,672,000	-16,583,000	15,364,000	-2,536,000	11,028,000	-21,223,000	18,744,000	-17,856,000	27,018,000	-30,359,000	12,463,000	-10,801,000	17,451,000	-38,761,000	1,776,000	-18,665,000	26,458,000	-29,474,000	16,379,000	-2,387,000	15,822,000	-26,354,000	11,227,000	-2,507,000
other liabilities	-10,767,000	4,766,000	-5,513,000	26,136,000	-9,874,000	-10,843,000	26,943,000	-7,749,000	-6,542,000	-7,689,000	4,148,000	-2,337,000	-17,483,000	-12,263,000	-8,527,000	3,121,000	-10,136,000	-14,050,000	-4,115,000	-3,478,000	-5,555,000	-16,485,000	-2,259,000	-11,524,000	-8,045,000	-13,243,000	-1,310,000	-2,550,000	-3,709,000	-3,397,000	789,000	-1,951,000	-3,807,000	-534,000	40,165,000	-4,878,000	-1,387,000	-4,032,000	-1,402,000	-2,268,000	-5,116,000	-33,278,000	42,442,000	6,417,000	-3,144,000	-199,000	9,117,000	-1,407,000	-4,209,000	-64,763,000	9,505,000	3,184,000	-303,000	-83,129,000	36,956,000	-21,719,000	-9,323,000	-12,649,000	-11,552,000	-10,115,000
net cash flows from operating activities	3,538,000	141,257,000	158,639,000	179,997,000	76,708,000	92,816,000	138,567,000	170,161,000	110,942,000	131,501,000	139,788,000	209,632,000	101,254,000	116,610,000	139,361,000	233,949,000	88,086,000	86,477,000	117,743,000	202,175,000	71,983,000	93,799,000	151,907,000	179,391,000	67,181,000	104,684,000	111,329,000	182,997,000	54,974,000	78,926,000	107,125,000	215,718,000	70,015,000	131,604,000	94,468,000	198,945,000	31,443,000	90,598,000	51,302,000	225,898,000	42,940,000	66,734,000	88,635,000	202,435,000	47,413,000	76,393,000	75,577,000	151,102,000	161,283,000	-1,375,000	76,350,000	163,703,000	27,693,000	13,603,000	93,743,000	113,757,000	26,002,000	58,738,000	70,794,000	140,356,000								51,800,000	-12,400,000	24,700,000	95,500,000	39,808,000
cash flows from investing activities:
additions to utility plant and non-utility plant	-266,176,000	-342,624,000		-323,695,000	-292,718,000	-289,100,000		-270,928,000	-272,636,000	-264,368,000		-227,146,000	-265,848,000	-209,884,000		-161,152,000	-162,798,000	-172,235,000		-151,527,000	-203,599,000	-140,208,000
proceeds from sale of plant assets			0	0	0	2,840,000	0
proceeds from sales of investment securities	108,625,000	90,103,000	-38,307,000	332,895,000	110,240,000	302,510,000	161,625,000	137,797,000	182,947,000	91,830,000	203,197,000	92,371,000	105,634,000	125,246,000	62,997,000	33,579,000	239,695,000	123,596,000	101,780,000	134,567,000	205,296,000	149,355,000	119,146,000	141,371,000	159,551,000	74,460,000	72,634,000	117,811,000	167,359,000	626,729,000
purchases of investment securities	-108,717,000	-92,457,000	-214,000	-338,992,000	-112,628,000	-304,971,000	-169,774,000	-141,805,000	-185,889,000	-95,773,000	-232,422,000	-97,642,000	-107,057,000	-127,791,000	-72,530,000	-37,817,000	-240,840,000	-126,485,000	-109,421,000	-138,330,000	-207,732,000	-152,108,000	-128,553,000	-145,704,000	-162,246,000	-77,363,000	-86,805,000	-122,946,000	-168,272,000	-628,999,000
proceeds from sale of nmrd			0	0	0	116,936,000
investments in nmrd			0	0	0	-12,550,000	-500,000	-11,000,000	-3,250,000	-11,500,000									0	-5,000,000	-8,250,000	-10,000,000	-9,000,000	-16,000,000	-6,250,000	-7,000,000	0	-1,000,000	-3,000,000	-5,000,000
net cash flows used in investing activities	-266,290,000	-345,009,000	-368,514,000	-326,360,000	-295,140,000	-184,358,000	-276,529,000	-281,614,000	-278,830,000	-251,433,000	-238,922,000	-232,237,000	-267,324,000	-211,864,000	-448,481,000	-165,375,000	-163,947,000	-174,455,000
cash flows from financing activities:
revolving credit facilities borrowings	885,900,000	513,000,000	710,400,000	597,500,000	925,500,000	658,800,000							180,300,000	23,300,000		-77,600,000																	70,400,000	16,000,000		-45,500,000
revolving credit facilities repayments	-1,133,900,000	-528,600,000	-560,100,000	-464,900,000	-843,600,000	-676,200,000
long-term borrowings	1,384,300,000	335,000,000	0	168,000,000	948,000,000	117,000,000	343,096,000	55,000,000			0	320,000,000	138,000,000	100,000,000	446,345,000	225,000,000	925,000,000	220,000,000	230,000,000	377,500,000			190,000,000	80,000,000	0	475,000,000	155,000,000	120,000,000	410,000,000	299,652,000	0	260,000,000			100,000,000	146,000,000	175,000,000	182,500,000	0	249,305,000	64,300,000	150,000,000	100,000,000	0	80,000,000	175,000,000	0	0			0				160,000,000				0	0
repayment of long-term debt	-1,439,300,000	-3,406,000	0	-82,529,000			-225,000,000	0			0	-75,000,000			-246,345,000	-160,000,000	-705,000,000	-300,000,000	-225,000,000	-302,500,000			-35,000,000	0	-172,302,000	-200,000,000	-100,000,000	-100,025,000	-395,111,000	-155,026,000	-10,747,000	-185,876,000	-68,003,000	-9,444,000	-15,636,000	-162,001,000			0	-175,000,000			0	0	-50,000,000	-75,000,000	-3,431,000	-16,592,000			-2,387,000				-60,752,000				-2,125,000	0
issuance of common stock
awards of common stock	-1,942,000	-6,307,000	-477,000	-1,735,000	-808,000	-5,440,000	-15,000	-13,000	-1,224,000	-8,394,000	-134,000	-221,000	-890,000	-6,735,000	-48,000	-129,000	-926,000	-9,027,000	0	0	-486,000	-11,498,000	-21,000	-5,000	-956,000	-8,936,000	-130,000	-237,000	-1,423,000	-10,845,000	-113,000	-650,000	-2,134,000	-11,032,000	-531,000	-553,000	-4,347,000	-10,020,000		-141,000	-1,674,000	-17,140,000		-1,634,000	-2,300,000	-11,639,000		7,312,000	-10,090,000	-9,651,000
dividends paid	-37,890,000	-37,891,000	-35,085,000	-35,085,000	-35,084,000	-35,085,000	-31,676,000	-31,676,000	-31,676,000	-31,677,000	-29,960,000	-29,960,000	-29,959,000	-29,960,000	-28,243,000	-28,243,000	-28,243,000	-28,243,000	-24,626,000	-24,625,000	-24,626,000	-24,625,000	-23,231,000	-23,232,000	-23,231,000	-23,232,000	-21,240,000	-21,241,000	-21,240,000	-21,240,000	-19,448,000	-19,448,000	-19,448,000	-19,448,000	-17,656,000	-17,655,000	-17,656,000	-17,656,000	-16,063,000	-16,063,000	-16,062,000	-16,063,000	-14,868,000	-14,868,000	-14,864,000	-14,868,000	-13,275,000	-13,275,000	-13,275,000	-11,683,000	-11,683,000	-11,684,000	-11,681,000	-10,089,000	-10,966,000	-11,563,000	-11,564,000	-11,563,000	-11,563,000	-11,564,000
valencia’s transactions with its owner	-4,648,000	-4,270,000	-5,318,000	-5,927,000	-3,850,000	-4,003,000	-5,576,000	-5,238,000	-5,245,000	-5,510,000	-5,078,000	-4,490,000	-3,733,000	-4,232,000	-4,856,000	-4,982,000	-4,013,000	-5,243,000	-3,061,000	-4,201,000	-4,360,000	-6,434,000	-5,176,000	-2,277,000	-3,685,000	-4,263,000	-4,418,000	-4,296,000	-3,909,000	-4,472,000	-4,779,000	-5,232,000	-3,703,000	-4,028,000	-4,679,000	-4,933,000	-3,395,000	-3,999,000	-4,942,000	-4,493,000	-3,454,000	-4,160,000	-4,861,000	-4,560,000	-3,820,000	-4,369,000			-3,415,000	-5,260,000	-3,596,000	-4,585,000
transmission interconnection and security deposit arrangements	8,575,000	12,640,000	12,554,000	14,966,000	6,877,000	57,875,000	3,553,000	16,892,000	25,468,000	3,894,000	19,854,000	30,053,000	28,074,000	18,569,000	48,680,000	16,003,000	10,415,000	5,460,000		5,250,000	2,994,000	370,000
refunds paid under transmission interconnection and security deposit arrangements	-14,276,000	-80,752,000	-4,344,000	-45,965,000	-16,699,000	-12,003,000		-1,606,000
debt issuance costs and other	-7,745,000	-1,854,000	-707,000	-1,846,000	-16,494,000	-1,435,000	-3,308,000	-778,000	-5,190,000	-560,000	-1,896,000	-507,000	-2,730,000	-431,000	-3,147,000	-2,010,000	-857,000	-292,000		3,453,000	-4,420,000	-137,000		-782,000	388,000	-2,215,000		-274,000																											-5,249,000	-108,000	0	8,000	-808,000	-831,000
net cash flows from financing activities	284,383,000	197,560,000	215,524,000	142,479,000	226,842,000	99,509,000	134,137,000	111,581,000	171,396,000	119,986,000	97,590,000	24,743,000	165,165,000	98,539,000	260,743,000	-37,550,000	86,797,000	47,571,000	105,721,000	-13,962,000	128,979,000	71,456,000	21,437,000	8,659,000	-82,834,000	225,184,000	5,026,000	-26,645,000	27,198,000	40,067,000	-9,179,000	-59,087,000	36,647,000	-27,228,000	-3,023,000	-85,148,000	69,824,000	260,739,000	125,150,000	-34,640,000	-29,157,000	114,078,000	84,851,000	-25,561,000	14,261,000	22,643,000	13,537,000	-84,104,000	-50,741,000	59,715,000	25,194,000	-115,554,000	40,928,000	47,872,000	-329,018,000	-35,746,000	64,697,000	-12,264,000	24,659,000	-102,232,000								137,300,000	204,700,000	53,200,000	-1,700,000	72,137,000
change in cash, cash equivalents, and restricted cash	21,631,000	-6,192,000	5,649,000	-3,884,000	8,410,000	7,967,000
cash, cash equivalents, and restricted cash at beginning of period	0	22,085,000		0	0	3,943,000
cash, cash equivalents, and restricted cash at end of period	21,631,000	15,893,000		-3,884,000	8,410,000	11,910,000
restricted cash included in other current assets and other deferred charges on condensed consolidated balance sheets:
at beginning of period	0	17,587,000	0	0	0	1,728,000
at end of period	5,514,000	9,840,000	8,386,000	-7,884,000	8,163,000	8,922,000
supplemental cash flow disclosures:
interest paid, net of amounts capitalized	80,516,000	52,333,000	60,554,000	49,671,000	48,835,000	48,912,000	33,397,000	38,929,000	43,153,000	39,794,000	39,239,000	29,189,000	28,375,000	21,682,000	21,311,000	20,838,000	25,810,000	23,317,000	22,436,000	26,539,000	30,942,000	26,658,000	29,755,000	24,182,000	41,021,000	20,518,000	38,105,000	21,577,000	44,321,000	15,305,000	45,599,000	15,374,000	45,031,000	14,951,000	39,506,000	19,140,000	44,994,000	11,403,000	40,336,000	6,737,000	50,118,000	6,191,000	48,666,000	5,363,000	49,994,000	4,718,000	27,558,000	13,557,000	53,450,000	4,817,000	49,225,000	7,823,000	51,905,000	4,312,000
income taxes paid (refunded)			-603,000	0	93,000	-488,000	105,000	0							150,000	0			0	1,100,000	0	-131,000	0	-161,000	-2,533,000	-235,000	0	0	850,000	-8,000	0	0	750,000	-125,000	-1,157,000	0			-254,000	-405,000	219,000	-1,450,000	-68,000	5,000	-1,115,000	-1,419,000	145,000	0	-94,869,000	-603,000	0	0			-1,783,000	-1,969,000			-526,000	-35,384,000
supplemental schedule of noncash investing activities:
decrease in accrued plant additions	-9,834,000	62,988,000		-2,655,000	7,146,000	40,223,000		1,905,000	7,399,000	37,148,000		9,322,000	8,708,000	38,918,000		21,224,000
additions to utility and non-utility plant																											-135,729,000	-119,897,000	-127,896,000	-117,691,000	-147,038,000	-122,541,000	-116,052,000	-114,830,000	-97,546,000	-123,956,000	-99,810,000	-278,764,000	-146,983,000	-178,642,000	-132,750,000	-100,214,000	-167,297,000	-132,468,000	-77,055,000	-83,838,000		-80,416,000	-79,928,000	-73,584,000		-57,947,000	-72,778,000	-84,018,000		-83,107,000	-90,039,000	-63,129,000
cash, cash equivalents, and restricted cash at beginning of year
cash, cash equivalents, and restricted cash at end of year
restricted cash included in other current assets and other deferred charges on consolidated balance sheets:
supplemental schedule of noncash investing and financing activities:
increase in accrued plant additions																		49,092,000	-69,114,000	-10,947,000	14,566,000	6,699,000	-16,242,000	-5,428,000	3,815,000	26,636,000	-27,679,000	-1,126,000	1,300,000	16,003,000	-20,762,000	-5,778,000	-9,088,000	10,367,000	-11,863,000	4,720,000	5,339,000	20,149,000
(gains) on investment securities															-742,000											-14,014,000				-288,000
restricted cash included in other current assets and other deferred assets on consolidated balance sheets:
regulatory disallowances and restructuring costs							65,877,000	2,315,000			0	-567,000			758,000								496,000	0	149,254,000	1,345,000	65,449,000	-1,645,000							-2,214,000	16,451,000	0	774,000
distributions from nmrd															0	0	0	572,000
revolving credit facilities borrowings (repayments)							-143,600,000	79,000,000	-82,900,000	177,400,000	171,800,000							165,500,000	-151,800,000	-68,255,000	-48,545,000	115,500,000	45,500,000	-52,800,000	118,600,000	-12,100,000	-76,700,000	-20,000,000	43,900,000	-66,700,000	38,900,000							107,400,000
refunds paid under transmission interconnection arrangements										-15,167,000	-56,996,000	-9,032,000	-39,397,000	-1,972,000	-443,000	-5,589,000	-3,579,000	-584,000	-1,505,000	-584,000	-2,072,000	-1,744,000	-2,079,000	-585,000			-584,000	-585,000			-11,922,000
restricted cash included in other deferred charges on consolidated balance sheets:
change in cash and cash equivalents								128,000																							-39,175,000	40,956,000	-90,000	-2,239,000	-3,159,000	2,741,000	1,070,000	-42,181,000	19,116,000	20,531,000	-115,991,000	94,121,000	-150,000	16,312,000	-15,055,000	24,634,000	-30,906,000	-1,359,000	29,689,000	-3,876,000	3,629,000	2,172,000	-3,792,000	-8,115,000	-10,669,000	11,737,000	1,083,000	-2,464,000	-9,693,000	6,000,000
cash and cash equivalents at beginning of period								0																								0	0	4,522,000		0	0	46,051,000		0	0	28,274,000		0	0	2,533,000		0	0	8,985,000		0	0	15,091,000		0	0	15,404,000		0
cash and cash equivalents at end of period								128,000																								40,956,000	-90,000	2,283,000		2,741,000	1,070,000	3,870,000		20,531,000	-115,991,000	122,395,000		16,312,000	-15,055,000	27,167,000		-1,359,000	29,689,000	5,109,000		2,172,000	-3,792,000	6,976,000		11,737,000	1,083,000	12,940,000		6,000,000
proceeds from sale of pvngs plant assets									0	28,372,000
change in cash, restricted cash, and equivalents										54,000		2,138,000	-905,000	3,285,000		31,024,000	10,936,000	-40,407,000		28,070,000	-13,426,000	12,416,000		15,868,000	-175,862,000	177,966,000		30,075,000	1,106,000	-191,000
cash, restricted cash, and equivalents at beginning of period										4,078,000		0	0	1,104,000		0	0	47,928,000		0	0	3,833,000		0	0	2,122,000		0	0	3,974,000
cash, restricted cash, and equivalents at end of period										4,132,000		2,138,000	-905,000	4,389,000		31,024,000	10,936,000	7,521,000		28,070,000	-13,426,000	16,249,000		15,868,000	-175,862,000	180,088,000		30,075,000	1,106,000	3,783,000
proceeds from stock option exercise																			0	0	0	24,000	0	0	13,000	930,000	26,000	13,000	122,000	802,000	0	165,000	462,000	1,112,000	360,000	99,000	3,294,000	3,275,000	-1,775,000	47,000	500,000	6,847,000	1,504,000	1,049,000	1,188,000	3,258,000	1,118,000	-7,845,000	9,052,000	2,293,000	1,383,000	4,891,000	405,000	5,005,000	3,052,000	398,000	907,000	1,265,000	130,000	339,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
contribution of utility plant to nmrd
income taxes paid												0																																										1,500,000
income taxes (refunded)														-346,000
short-term borrowings (repayments)																				0																				-85,000,000	87,600,000	-5,600,000		-5,000,000	5,000,000	-49,200,000		-48,000,000	-83,300,000	84,600,000		-93,600,000	57,200,000	67,100,000	-206,300,000	-15,000,000	80,000,000	2,000,000	30,000,000	-93,000,000
short-term borrowings
principal repayments on westmoreland loan																											0	0	50,991,000	5,649,000	9,590,000	9,590,000	9,590,000	9,590,000	15,000,000
net cash flows from investing activities																			-206,429,000	-160,143,000	-214,388,000	-152,839,000	-189,605,000	-172,182,000	-160,209,000	-151,902,000	-149,197,000	-126,277,000	-81,066,000	-119,184,000	-137,121,000	-115,675,000	-106,752,000	-106,615,000	-94,604,000	-111,056,000	-100,197,000	-393,518,000	-157,336,000	-170,727,000	-129,774,000	-86,691,000	-173,636,000	-160,562,000	-76,729,000	-74,402,000	-120,020,000	-68,357,000	-80,853,000	-62,216,000	-97,915,000	-45,977,000	-72,413,000	-69,590,000	224,606,000	-66,274,000	-89,616,000	-48,938,000	-105,146,000	-32,124,000								-59,800,000	-82,200,000	-67,900,000	-92,700,000	-153,276,000
short-term loan borrowings
amounts received under transmission interconnection arrangements																															0
disbursements from nmrd
pnm resources, inc. and subsidiariesconsolidated statements of cash flows
restricted cash included in other current assets on consolidated balance sheets:
additions to utility plant																								-151,844,000	-151,090,000	-141,986,000
net unrealized losses on commodity derivatives
return of principal on pvngs lessor notes																																			0	0	0	8,547,000	0	7,506,000	0	14,188,000	0	10,527,000	0	10,231,000	0	12,392,000	0	10,965,000	0	10,823,000	0	12,632,000	0	16,900,000	0	15,374,000	0	15,635,000
investment in westmoreland loan																																			0
short-term loan
repayment of short-term loan
net unrealized (gains) losses on commodity derivatives																												-28,000			1,907,000	29,000			-602,000	-3,040,000	6,654,000	-1,435,000	3,937,000	-4,876,000	4,407,000	1,720,000			426,000	2,761,000
restricted cash included in other current assets on condensed consolidated balance sheets:
net unrealized (gains) on commodity derivatives																														-28,000				-1,345,000
realized (gains) on available-for-sale securities																															-9,431,000	-5,406,000	-5,663,000	-6,661,000	-4,137,000	-4,531,000	-4,631,000	-6,218,000	-3,944,000	-2,536,000	-5,556,000	-4,024,000	-2,293,000	-962,000	-4,699,000	-2,573,000
proceeds from sales of available-for-sale securities																															180,915,000	98,532,000	91,657,000	266,388,000	241,612,000	86,975,000	69,114,000	124,900,000	86,077,000	71,575,000	62,670,000	31,852,000	35,767,000	29,103,000	30,315,000	22,804,000
purchases of available-for-sale securities																															-189,158,000	-101,273,000	-91,962,000	-267,891,000	-253,677,000	-89,087,000	-69,518,000	-126,101,000	-96,280,000	-71,363,000	-62,244,000	-32,661,000	-45,372,000	-27,306,000	-30,726,000	-23,612,000
allowance for equity funds used during construction and other
purchase of rio bravo																																											0
westmoreland loan																																					0	-122,250,000
loss on reacquired debt
cash paid in debt exchange																																															0	0
purchases to satisfy awards of common stock																																																			-3,238,000	-9,256,000	-1,586,000	-11,088,000	-4,816,000	-753,000	-1,783,000	-2,752,000
changes in accrued plant additions																																							-10,332,000	-8,005,000	-5,929,000	5,186,000	9,763,000	1,235,000	5,186,000	-13,095,000
premium on long-term debt incurred in connection with debt exchange																																															13,048,000	0
(gain) on sale of first choice
net unrealized (gains) on derivatives																																																						-3,502,000
abandonment of leased premises
proceeds from governmental grants																																																			0	0	708,000	20,859,000
proceeds from sale of first choice																																																			0
bad debt expense																																																			909,000	668,000	823,000	967,000	3,996,000	8,388,000	6,670,000	5,062,000	6,543,000	7,988,000
utility plant additions																																																											-100,148,000	-45,044,000
transaction costs for sale of first choice
purchase of preferred stock
purchase of common stock
realized (gains) on investments held by ndt																																																-2,190,000	-3,272,000	-1,533,000	-3,639,000	-5,716,000	794,000	-4,454,000	-1,297,000	4,109,000	-5,895,000	-5,902,000
proceeds from sales of investments held by ndt																																																103,230,000	61,822,000	14,284,000	31,025,000	90,518,000	19,027,000	26,760,000	24,084,000	26,312,000	46,770,000	48,120,000	22,755,000	20,813,000
purchases of investments held by ndt																																																-103,533,000	-62,746,000	-15,122,000	-34,500,000	-91,345,000	-19,918,000	-27,395,000	-27,011,000	-25,764,000	-47,472,000	-48,938,000	-26,452,000	-21,545,000
valencia's transactions with its owner
supplemental schedule of noncash financing activities:
net unrealized (gains) losses on derivatives																																																	-3,173,000	4,902,000	-4,674,000	1,098,000			-2,844,000	1,127,000	4,006,000	-11,002,000	-12,346,000	16,897,000
interest and taxes																																																		25,430,000		32,280,000	-30,693,000	20,749,000
pvngs firm-sales contracts revenue
equity in net (earnings) loss of optim energy																																																											9,509,000	-2,496,000
impairment of equity investment in optim energy
investments in optim energy																																																											-2,669,000	-1,203,000
excess tax (shortfall) from stock-based payment arrangements																																																											-316,000	-150,000
payments received on pvngs firm-sales contracts																																																							0	0	0	2,558,000	7,604,000	7,639,000
proceeds from transmission interconnection arrangements
repayment of transmission interconnection arrangements
proceeds from sales of utility plant																																																				0	0	1,367,000
proceeds from transmission interconnection agreements																																																				0	30,000	953,000		657,000	437,000	152,000
repayment of transmission interconnection agreements
liability incurred for purchase of convertible preferred stock, series a
equity transactions with valencia’s owner																																																						-4,009,000	-4,829,000	-4,740,000	-3,300,000	-3,932,000	-6,596,000	-4,130,000
(gain) on sale of pnm gas
(gain) loss on reacquired debt																																																												0
settlement of legal proceeding
proceeds from sale of pnm gas
transaction costs for sale of pnm gas
interest paid, net of capitalized interest																																																							52,261,000	6,200,000	51,869,000	6,061,000	51,852,000	6,636,000
pvngs firm-sales contract revenue																																																								0	0	-2,558,000
realized (gains) losses on investments held by ndt
impairment of goodwill and other intangible assets
(gain) on reacquired debt
activities related to consolidation of valencia:
initial consolidation at may 30, 2008:
increase in short-term borrowings
non-controlling interest transactions as of july 10, 2008:
reduction in short-term borrowings
increase in non-controlling interest in valencia
convertible preferred stock issued under forward purchase contract upon tender of senior unsecured notes
pvngs firm sales contract revenue																																																												-14,679,000
deferred income taxes																																																												7,627,000
increase in legal reserve
purchase of common stock to satisfy stock awards																																																												-535,000
gain on sale of pnm gas
net cash flows from:
operating activities																																																														-13,300,000		119,300,000	-19,100,000	-15,300,000
investing activities																																																														-54,100,000	-88,500,000	-41,600,000	-50,900,000	560,700,000
financing activities																																																														81,700,000	30,100,000	-33,500,000	25,600,000	-615,600,000
net change in cash and cash equivalents																																																														14,300,000	-55,600,000	44,200,000	-44,400,000	-70,200,000	-126,500,000	129,300,000	110,100,000	10,000,000	1,100,000
net cash flows from: operating activities
equity in net earnings of energyco
net unrealized losses on derivatives
realized gains on investments held by ndt
realized loss on altura contribution
impairment loss on intangible assets
carrying charges on regulatory assets and liabilities
amortization of fair value of acquired twin oaks sales contract
excess tax benefit from stock-based payment arrangements
accounts receivable
unbilled revenues
regulatory assets
accrued pension liability and postretirement benefit costs
deferred credits
investments in energyco
distributions from energyco
twin oaks acquisition
redemption of long-term debt
excess tax benefits from stock-based payment arrangements
cash and cash equivalents beginning of period
cash and cash equivalents end of period
as of june 1, 2007, pnmr contributed its ownership of altura to energyco at a fair value of 549.6 million after an adjustment for working capital changes. see note 11. in conjunction with the contribution, pnmr removed altura’s assets and liabilities from its balance sheet as follows:
current assets
utility plant
deferred charges
total assets contributed
current liabilities
deferred credits and other liabilities
total liabilities contributed
other comprehensive income
total liabilities and oci contributed
net contribution to energyco
utility plant purchased through assumption of long-term debt that offsets a portion of investment in pvngs lessor notes and is eliminated in consolidation. see note 2.
adjustments to reconcile net earnings to net cash flows
from operating activities:
accumulated deferred income tax
equity in earnings of subsidiaries
accrued income tax
net cash flows provided (used) from operating activities
property plant and equipment
luna investment
investment in subsidiaries
sale of bond investment
cash dividends from subsidiaries
net cash flows provided (used) in investing activities
long-term debt borrowings
exercise of employee stock options
change in intercompany accounts
net cash flows generated (used) by financing activities
increase in cash and cash equivalents
beginning of year
end of year
income taxes refunded
non-cash dividends from subsidiaries
equity-linked units charge
redemption of short-term investments
eip sale
equity contribution to subsidiaries
long-term debt repayments
interest paid

We provide you with 20 years of cash flow statements for PNM Resources stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of PNM Resources stock. Explore the full financial landscape of PNM Resources stock with our expertly curated income statements.

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.