PNM Resources, Inc. PNM Balance Sheet

Pnm resources, inc. (PNM)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Current Assets:
Cash and cash equivalents
16	3	20	4	180	2	34	4	3	3	43	2	2	4	7	4	3	46	26	6	122	28	28	12	27	2	33	5	8	5	3	6	15	25	14	12	15	25	19	14
Cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	-	-	-	-	-	-
Accounts receivable, net of allowance for uncollectible accounts
83	85	115	83	94	92	108	89	84	90	107	86	82	87	92	75	72	98	110	94	89	87	105	92	81	90	110	89	87	119	89	78	87	107	103	94	97	134	106	106
Unbilled revenues
45	57	57	60	39	57	53	70	41	54	57	69	41	58	57	69	41	52	61	75	48	63	63	72	49	58	55	50	57	54	74	52	57	47	97	61	71	73	-89	78
Other receivables
13	12	14	16	13	11	22	24	17	17	16	25	27	28	17	17	22	28	22	30	37	39	39	40	41	53	53	43	53	43	49	48	71	46	46	57	60	65	65	77
Current portion of Westmoreland Loan
-	-	-	-	-	-	0	0	4	3	12	20	29	38	43	48	37	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Affiliate receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	-	-	-	-
Materials, supplies, and fuel stock
74	77	77	74	68	71	75	74	69	66	68	67	66	73	72	68	69	67	67	71	66	63	63	60	61	67	60	58	59	61	59	57	54	53	51	51	52	53	52	50
Regulatory assets
7	7	3	5	0	4	7	6	1	2	3	5	0	3	7	10	2	1	4	23	33	47	41	45	27	24	38	41	39	47	47	42	44	28	29	32	36	31	28	7
Commodity derivative instruments
-	-	-	-	-	-	1	1	1	1	3	3	4	5	3	4	4	3	6	4	9	11	4	4	4	4	5	2	3	1	4	7	3	3	18	17	15	35	40	50
Income taxes receivable
4	4	4	4	7	7	7	7	6	6	6	6	5	6	6	6	5	5	5	5	4	6	6	6	5	7	5	100	101	100	100	96	95	99	102	97	97	15	72	129
Current portion of accumulated deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	26	26	-	58	58	58	58	-	-	0	-	-	-	-	0	0	0	0	-	-	-
Current assets of business unit held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	166	-	-	-	-	-	-
Other current assets
42	44	48	49	53	54	53	51	46	47	56	65	66	73	89	103	96	82	76	71	65	58	55	54	44	34	37	40	31	38	41	38	33	49	99	91	96	109	92	63
Total current assets
287	294	341	299	457	302	363	331	277	294	374	353	326	378	398	408	356	385	407	410	503	406	466	446	401	401	400	432	442	472	470	427	462	625	567	520	543	545	566	578
Other Property and Investments:
Long-term portion of Westmoreland Loan
-	-	-	-	-	-	0	0	46	53	53	54	55	56	66	75	85	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities
353	388	369	362	351	328	331	323	324	323	306	295	286	272	271	264	260	259	242	253	257	250	235	236	230	226	207	197	192	186	178	183	168	157	168	167	156	146	135	137
Investment in PVNGS lessor notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9	9	17	17	32	32	43	54	54	67	67	79	79	90	90	103	104	121	137
Equity investment in NMRD
75	65	56	40	33	26	26	24	21	16	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	199	199	195
Other investments
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	6	8	5	9	8	10	12	14	15	17	18	21	22	25
Non-utility property, net
16	12	10	7	6	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	4	4	4	4	4	4	4	4	4	4	4	5	12	11	7	7	7	7
Total other property and investments
444	466	435	411	391	358	361	351	395	397	364	353	345	333	341	344	349	263	246	257	261	264	251	260	254	265	251	254	256	256	259	266	264	256	287	287	286	478	486	503
Utility Plant:
Plant in service, held for future use, and to be abandoned
7,957	7,918	7,680	7,596	7,610	7,548	7,527	7,438	7,284	7,238	7,133	7,081	7,009	6,944	6,842	6,774	6,676	6,307	6,147	6,085	5,982	5,941	5,754	5,659	5,602	5,563	5,431	5,332	5,313	5,223	5,196	5,142	5,120	4,998	4,959	4,895	4,860	4,778	4,747	4,693
Less accumulated depreciation and amortization
2,755	2,713	2,688	2,649	2,641	2,604	2,683	2,648	2,627	2,592	2,431	2,395	2,373	2,334	2,312	2,279	2,246	2,058	2,043	2,017	1,971	1,939	1,913	1,860	1,866	1,838	1,839	1,789	1,774	1,766	1,748	1,731	1,705	1,686	1,665	1,649	1,626	1,621	1,621	1,611
Net plant in service and plant held for future use
5,201	5,205	4,992	4,947	4,968	4,944	4,843	4,789	4,657	4,645	4,701	4,686	4,636	4,609	4,529	4,494	4,430	4,248	4,104	4,067	4,010	4,001	3,841	3,798	3,735	3,724	3,592	3,542	3,539	3,456	3,447	3,411	3,414	3,311	3,293	3,245	3,233	3,157	3,125	3,082
Construction work in progress
240	161	258	202	225	194	227	220	284	245	301	252	232	208	227	211	233	204	366	261	230	190	211	146	147	132	175	140	125	148	140	152	132	159	139	143	137	156	179	181
Nuclear fuel, net of accumulated amortization
102	99	95	95	95	95	92	90	89	88	88	88	87	86	87	83	83	82	79	81	79	77	81	78	78	77	79	81	81	86	88	92	80	78	79	76	72	78	78	69
Net utility plant
5,544	5,466	5,347	5,245	5,289	5,234	5,163	5,100	5,031	4,980	5,092	5,027	4,955	4,904	4,843	4,790	4,746	4,535	4,551	4,409	4,319	4,270	4,134	4,023	3,962	3,933	3,847	3,764	3,746	3,691	3,677	3,656	3,627	3,549	3,512	3,466	3,444	3,391	3,384	3,332
Deferred Charges and Other Assets:
Regulatory assets
590	556	566	576	588	598	580	588	595	600	489	490	496	501	463	464	467	470	464	474	481	491	479	499	513	523	551	543	555	468	475	477	482	475	478	489	502	516	523	524
Goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	278	-	-	-	-	-	-
Goodwill
278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	278	321	321	321	321	321	321	321
Operating lease right-of-use assets, net of accumulated amortization
124	131	137	143	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-current assets of business unit held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101	-	-	-	-	-	-
Other deferred charges
104	105	94	93	95	92	97	96	95	91	94	76	75	75	77	73	72	73	100	97	95	79	98	94	94	94	95	98	92	92	91	90	89	85	100	95	94	92	91	71
Other intangible assets, net of accumulated amortization of $0 and $5,414 for PNMR
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	26	26	26	26	26	26
Commodity derivative instruments
-	-	-	-	-	-	2	3	3	3	3	4	-	0	0	1	1	2	3	-	-	0	1	1	2	3	4	0	0	-	-	0	0	0	7	6	5	7	3	2
Total deferred charges and other assets
1,097	1,071	1,076	1,092	1,112	969	959	966	972	974	866	849	849	854	819	817	820	825	846	849	854	848	856	873	889	899	930	919	926	840	845	847	849	940	934	939	949	965	965	945
Assets
7,375	7,298	7,200	7,048	7,250	6,865	6,848	6,750	6,676	6,646	6,697	6,584	6,477	6,471	6,403	6,360	6,273	6,009	6,052	5,927	5,939	5,790	5,709	5,604	5,507	5,500	5,428	5,370	5,372	5,260	5,252	5,197	5,204	5,372	5,301	5,213	5,225	5,380	5,403	5,359
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Short-term debt
300	185	289	342	223	235	262	282	238	305	266	373	303	287	355	401	358	250	102	187	100	105	100	105	100	149	112	243	158	113	207	149	82	289	304	224	222	192	285	198
Current installments of long-term debt
539	490	385	100	172	0	471	471	309	256	165	174	414	273	101	106	166	124	125	300	333	332	333	158	0	75	52	2	2	2	2	2	2	2	2	2	2	2	2	2
Accounts payable
95	103	81	80	77	112	72	82	78	121	89	78	67	86	76	70	82	100	120	88	102	110	102	88	62	109	76	77	99	81	74	89	103	71	111	88	95	102	110	111
Customer deposits
10	10	10	10	10	10	10	10	11	11	10	11	11	11	11	11	12	12	12	12	12	12	12	12	13	13	14	16	18	17	17	16	15	-	-	-	-	-	-	-
Accrued interest and taxes
65	76	73	55	71	65	80	58	75	62	83	55	74	61	80	54	76	58	81	49	77	53	82	46	73	49	82	77	52	82	48	75	53	82	45	70	47	73	42	45
Regulatory liabilities
2	0	6	7	19	9	9	0	3	2	7	5	8	3	6	3	18	15	2	2	0	1	1	0	0	1	1	0	15	-	-	-	0	0	0	0	-	3	1	0
Operating lease liabilities
29	29	28	27	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivative instruments
-	-	-	-	-	-	1	1	1	1	1	1	0	2	2	4	0	1	0	1	1	1	1	5	5	2	1	4	1	1	1	2	1	1	27	25	31	50	37	24
Dividends declared
24	24	23	0	23	23	21	0	21	21	19	0	19	19	17	0	17	17	16	0	16	16	14	0	14	14	13	13	11	11	0	11	10	10	0	11	11	-	-	-
Transmission interconnection arrangement liabilities
-	-	-	-	-	-	-	-	-	-	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of Series A Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	-	-	-	-	-	-
Current liabilities of business unit held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103	-	-	-	-	-	-
Current portion of accumulated deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9	9	9	9	-	-	-	0	-	-	-
Other current liabilities
45	47	46	41	39	55	50	54	43	53	67	66	63	59	49	48	39	59	57	59	50	70	52	70	42	77	62	60	75	73	90	71	95	76	97	81	109	113	112	181
Total current liabilities
1,114	967	945	666	664	512	980	962	782	835	710	766	962	805	701	702	771	641	518	701	693	704	700	486	312	492	415	494	434	392	451	429	373	712	589	504	520	537	591	563
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs
2,468	2,517	2,467	2,672	2,771	2,670	2,142	2,122	2,271	2,180	2,282	2,199	1,969	2,119	2,207	2,217	2,108	1,966	1,980	1,731	1,791	1,629	1,542	1,717	1,845	1,670	1,696	1,669	1,669	1,672	1,671	1,671	1,671	1,564	1,563	1,563	1,563	1,565	1,565	1,565
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes
630	626	614	591	613	600	586	566	554	547	1,015	971	948	940	935	905	889	877	949	918	902	864	884	852	833	827	743	713	701	705	670	660	645	582	543	535	540	550	543	531
Accumulated deferred investment tax credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	24	25	-	12	13	14	14	14	15	15	16	16	17	18	18	19	20
Regulatory liabilities
867	866	871	875	889	891	925	928	934	933	456	454	453	455	468	466	464	467	472	470	470	466	472	465	463	460	456	426	423	438	431	426	418	363	358	355	342	347	352	350
Asset retirement obligations
184	181	179	176	161	158	155	152	149	146	133	132	129	127	119	116	114	111	111	108	106	104	102	100	98	96	93	87	85	84	82	80	79	77	75	78	76	75	73	70
Accrued pension liability and postretirement benefit cost
91	95	88	92	96	100	80	84	88	94	116	119	121	125	63	66	68	73	66	70	75	110	69	72	75	80	147	157	224	129	133	136	224	227	250	261	270	264	275	281
Operating lease liabilities
95	105	106	116	124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivative instruments
-	-	-	-	-	-	2	3	3	3	3	4	-	0	0	1	-	-	0	0	0	0	0	0	0	1	1	1	1	2	5	2	2	1	13	10	12	20	10	4
Other deferred credits
222	185	181	171	169	167	127	130	131	131	132	129	126	140	137	133	133	133	107	101	100	103	104	99	99	109	106	111	116	94	99	101	106	123	149	148	147	132	127	121
Non-current liabilities of business unit held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	-	-	-	-	-	-
Total deferred credits and other liabilities
2,092	2,060	2,041	2,023	2,055	1,918	1,877	1,865	1,861	1,856	1,859	1,811	1,779	1,790	1,724	1,690	1,671	1,663	1,706	1,669	1,655	1,650	1,657	1,615	1,596	1,574	1,561	1,511	1,568	1,469	1,437	1,422	1,491	1,409	1,407	1,407	1,407	1,409	1,402	1,380
Total liabilities
5,676	5,545	5,454	5,362	5,491	5,101	5,000	4,950	4,915	4,873	4,852	4,777	4,711	4,714	4,633	4,610	4,551	4,271	4,205	4,101	4,140	3,983	3,899	3,819	3,753	3,738	3,673	3,675	3,672	3,535	3,560	3,523	3,536	3,685	3,561	3,475	3,491	3,512	3,559	3,509
Commitments and Contingencies (Note 11)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-
Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)
11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11
Equity:
Company common stockholders’ equity:
Company Convertible Preferred Stock, Series A without mandatory redemption requirements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	100	100	100	100	100
Common stock
1,142	1,150	1,149	1,148	1,148	1,153	1,150	1,149	1,150	1,157	1,156	1,156	1,156	1,163	1,162	1,162	1,162	1,166	1,165	1,165	1,165	1,173	1,172	1,172	1,172	1,178	1,177	1,176	1,182	1,183	1,186	1,187	1,193	1,318	1,290	1,289	1,290	1,290	1,290	1,289
Accumulated other comprehensive income (loss), net of income taxes
-103	-99	-98	-100	-103	-108	-101	-103	-105	-95	-82	-85	-88	-92	-73	-74	-74	-71	-71	-63	-59	-61	-56	-55	-57	-58	-72	-76	-81	-60	-62	-60	-66	-72	-70	-67	-68	-57	-55	-46
Retained earnings
587	627	620	563	639	643	722	676	638	633	691	656	618	604	599	579	552	559	668	639	607	609	606	580	551	553	560	504	506	509	474	453	447	345	324	320	314	434	408	405
Total stockholders' equity
1,627	1,678	1,670	1,612	1,684	1,688	1,771	1,722	1,683	1,695	1,765	1,727	1,686	1,675	1,688	1,667	1,640	1,654	1,763	1,740	1,714	1,721	1,722	1,696	1,665	1,673	1,665	1,604	1,608	1,632	1,599	1,580	1,573	1,591	1,544	1,542	1,536	1,667	1,644	1,649
Non-controlling interest in Valencia
60	63	64	62	62	64	65	65	65	66	67	68	68	68	70	71	70	71	72	73	72	73	75	76	76	77	78	78	80	81	81	81	82	83	84	84	85	88	88	89
Total equity
1,687	1,741	1,735	1,674	1,747	1,752	1,836	1,788	1,749	1,761	1,833	1,795	1,754	1,744	1,758	1,738	1,711	1,726	1,835	1,813	1,787	1,795	1,798	1,772	1,742	1,750	1,743	1,683	1,689	1,713	1,680	1,662	1,656	1,675	1,729	1,726	1,721	1,856	1,832	1,839
Total liabilities and stockholders' equity
7,375	7,298	7,200	7,048	7,250	6,865	6,848	6,750	6,676	6,646	6,697	6,584	6,477	6,471	6,403	6,360	6,273	6,009	6,052	5,927	5,939	5,790	5,709	5,604	5,507	5,500	5,428	5,370	5,372	5,260	5,252	5,197	5,204	5,372	5,301	5,213	5,225	5,380	5,403	5,359
PNM
Cash and cash equivalents
3	1	17	2	12	-	31	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plant in service, held for future use, and to be abandoned
5,767	5,753	5,626	5,601	5,664	5,623	5,681	5,672	5,537	5,501	5,463	5,420	5,383	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less accumulated depreciation and amortization
2,103	2,076	2,049	2,026	2,033	2,006	2,087	2,064	2,052	2,029	1,881	1,854	1,832	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction work in progress
152	108	144	107	143	134	141	114	214	204	223	201	184	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nuclear fuel, net of accumulated amortization
102	99	95	95	95	95	92	90	89	88	88	88	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net utility plant
3,919	3,885	3,816	3,777	3,870	3,847	3,828	3,812	3,788	3,764	3,894	3,856	3,821	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory assets
474	435	444	448	454	460	440	447	453	459	349	354	360	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
51	51	51	51	51	51	51	51	51	51	51	51	51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets, net of accumulated amortization
114	120	126	132	137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other deferred charges
95	97	80	78	78	77	76	74	75	75	85	68	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
26	25	24	24	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared
40	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs
1,648	1,397	1,357	1,607	1,706	1,656	1,456	1,455	1,458	1,657	1,657	1,631	1,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated deferred income taxes
525	521	-	-	-	502	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
88	97	98	107	115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total deferred credits and other liabilities
1,754	1,728	1,710	1,766	1,802	1,683	1,619	1,611	1,543	1,545	1,584	1,544	1,520	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)
11	11	11	11	11	11	11	11	11	11	11	11	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive income (loss), net of income taxes
-101	-99	-98	-99	-104	-110	-104	-106	-108	-97	-82	-85	-88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
226	283	255	174	261	242	377	299	273	254	329	268	241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total stockholders' equity
1,390	1,449	1,422	1,339	1,422	1,397	1,537	1,458	1,430	1,422	1,511	1,448	1,418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-controlling interest in Valencia
60	63	64	62	62	64	65	65	65	66	67	68	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Texas-New Mexico Power Company
Cash and cash equivalents
10	1	0	0	162	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
-	-	-	-	-	0	-	-	0	1	2	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net of allowance for uncollectible accounts
24	25	35	28	25	24	29	26	22	23	27	24	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled revenues
9	10	12	10	7	9	10	12	8	10	11	11	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other receivables
2	2	1	2	0	1	2	2	3	2	2	1	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Affiliate receivables
0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials, supplies, and fuel stock
6	5	5	4	4	4	7	6	6	5	5	4	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory assets
0	0	2	5	-	0	0	0	0	0	0	3	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
0	1	1	2	1	1	1	1	0	1	1	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
55	46	59	53	202	41	50	50	41	45	51	46	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investments
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-utility property, net
9	6	5	4	3	2	2	2	2	2	2	2	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other property and investments
9	6	5	4	3	2	2	2	2	2	2	2	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plant in service, held for future use, and to be abandoned
1,939	1,919	1,809	1,754	1,702	1,686	1,602	1,531	1,513	1,504	1,433	1,425	1,389	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less accumulated depreciation and amortization
526	516	513	503	491	487	477	470	466	460	449	445	439	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net plant in service and plant held for future use
1,413	1,402	1,296	1,250	1,210	1,198	1,124	1,060	1,046	1,043	984	979	950	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction work in progress
78	42	103	86	75	51	77	94	61	34	53	40	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net utility plant
1,492	1,445	1,400	1,337	1,285	1,249	1,202	1,155	1,108	1,078	1,037	1,019	988	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory assets
116	121	122	128	133	138	140	141	141	141	139	135	135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
226	226	226	226	226	226	226	226	226	226	226	226	226	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets, net of accumulated amortization
9	9	10	11	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other deferred charges
4	3	6	7	7	6	6	6	6	6	6	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total deferred charges and other assets
356	361	366	373	379	370	373	374	374	374	372	368	367	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
1,913	1,860	1,832	1,768	1,871	1,665	1,628	1,583	1,526	1,500	1,465	1,437	1,396	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt
70	15	15	55	0	17	17	13	21	0	-	47	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes Payable, Related Parties, Current
-	-	0	1	0	0	4	0	2	0	0	8	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current installments of long-term debt
-	-	35	-	172	-	171	171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
15	20	16	14	14	23	12	10	15	29	12	10	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Affiliate payables
3	5	4	5	4	1	3	6	4	0	3	4	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and taxes
30	42	53	43	40	41	48	31	27	29	59	45	41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory liabilities
0	0	1	0	2	3	3	0	2	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
2	2	2	2	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared
11	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
6	3	3	4	3	2	3	3	3	2	3	3	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
140	89	134	127	241	90	264	236	77	64	78	118	84	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs
670	670	670	626	626	575	388	368	480	480	480	421	420	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated deferred income taxes
139	140	-	-	-	136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated deferred income taxes
-	-	133	133	134	-	123	125	125	126	254	250	248	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory liabilities
188	182	183	181	181	177	188	186	184	179	33	33	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset retirement obligations
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued pension liability and postretirement benefit cost
6	7	6	6	7	7	6	6	7	7	10	10	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
6	7	7	8	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other deferred credits
9	7	6	4	3	2	6	9	7	7	9	7	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total deferred credits and other liabilities
351	345	338	336	336	324	326	328	325	321	307	302	299	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
1,162	1,105	1,143	1,090	1,204	991	979	934	883	866	867	841	805	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Paid-in-capital
614	614	534	534	534	534	504	504	504	504	454	454	454	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
136	140	154	144	133	139	145	144	138	130	143	141	136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total stockholders' equity
750	754	688	678	667	674	649	648	642	634	598	595	590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and stockholders' equity
1,913	1,860	1,832	1,768	1,871	1,665	1,628	1,583	1,526	1,500	1,465	1,437	1,396	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Public Service Company of New Mexico
Cash and cash equivalents
-	-	-	-	-	0	-	-	-	1	39	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net of allowance for uncollectible accounts of $1,406 and $1,081
58	60	80	55	68	68	79	62	61	67	79	62	61	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled revenues
35	46	44	50	31	47	43	58	33	43	45	58	33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other receivables
13	11	13	15	14	10	21	22	14	14	13	22	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Affiliate receivables
8	8	8	8	8	15	8	9	8	9	8	10	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials, supplies, and fuel stock
67	72	72	69	63	67	68	67	63	60	63	62	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory assets
7	7	0	0	0	4	7	5	0	2	2	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivative instruments
-	-	-	-	-	-	1	1	1	1	3	3	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes receivable
15	15	9	9	12	12	4	3	3	3	26	26	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
35	36	37	39	43	43	46	46	41	39	48	59	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
245	259	284	250	255	270	311	281	228	243	331	308	281	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities
353	388	369	362	351	328	331	323	324	323	306	295	286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investments
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-utility property
5	4	3	2	1	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other property and investments
359	393	372	365	353	328	331	323	324	323	306	295	286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net plant in service and plant held for future use
3,664	3,676	3,576	3,574	3,630	3,617	3,594	3,607	3,485	3,471	3,582	3,566	3,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivative instruments
-	-	-	-	-	-	2	3	3	3	3	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total deferred charges and other assets
736	704	702	711	723	589	571	576	584	589	490	479	480	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
5,260	5,242	5,176	5,105	5,202	5,035	5,042	4,994	4,925	4,921	5,023	4,939	4,870	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt
60	58	0	42	0	42	0	33	0	39	0	38	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt - affiliate
-	-	0	0	0	19	-	4	54	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current installments of long-term debt
100	350	350	100	-	0	199	200	200	0	0	0	231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
68	66	59	57	55	75	53	64	56	77	65	60	49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Affiliate payables
10	12	11	13	12	0	3	8	11	22	9	38	33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
10	10	10	10	10	10	10	10	11	11	10	11	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and taxes
49	43	53	36	50	35	48	33	52	33	52	33	51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory liabilities
2	0	5	6	16	5	5	0	0	0	7	5	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivative instruments
-	-	-	-	-	-	1	1	1	1	1	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
26	25	96	25	26	32	30	34	28	31	32	46	47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
396	593	611	317	195	223	353	392	416	218	191	235	451	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated deferred income taxes
-	-	508	488	513	-	480	463	454	449	810	773	755	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory liabilities
679	683	688	693	708	713	736	742	749	754	423	421	421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset retirement obligations
184	181	178	175	160	157	154	151	148	145	132	131	128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued pension liability and postretirement benefit cost
84	87	81	85	89	92	74	78	81	86	106	109	111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivative instruments
-	-	-	-	-	-	2	3	3	3	3	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other deferred credits
191	155	154	215	215	215	171	172	106	106	106	104	103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
3,798	3,719	3,678	3,691	3,705	3,562	3,428	3,459	3,418	3,421	3,433	3,411	3,371	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock outstanding
1,264	1,264	1,264	1,264	1,264	1,264	1,264	1,264	1,264	1,264	1,264	1,264	1,264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
1,450	1,512	1,486	1,402	1,485	1,461	1,602	1,523	1,495	1,488	1,579	1,516	1,486	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and stockholders' equity
5,260	5,242	5,176	5,105	5,202	5,035	5,042	4,994	4,925	4,921	5,023	4,939	4,870	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-