PNM Resources, Inc. PNM Cash Flow

Pnm resources, inc. (PNM)

CashFlow / Quarterly

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	Jun'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	Mar'10
Cash Flows From Operating Activities:
Net earnings
-11,399	35,990	106,763	-72,284	21,662	-51,539	91,573	42,449	18,799	-50,585	78,327	41,231	26,446	28,423	58,556	30,952	13,965	-87,285	64,855	35,656	17,852	22,111	59,486	33,181	16,131	11,397	58,814	31,383	13,962	12,574	61,975	25,099	20,477	115,408	47,906	7,668	19,952	-104,806	52,593	26,303	-5,214
Net earnings
-	-	-	-	-	-	-	-	-	-	-	-	22,862	-	54,418	27,076	10,546	-91,418	61,045	31,673	14,340	18,992	55,653	29,141	12,468	7,648	54,555	27,678	10,626	9,091	57,864	21,512	17,080	111,993	43,662	4,067	16,637	-	-	-	-
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:
Depreciation and amortization
77,535	75,886	77,092	74,144	73,946	68,235	70,386	69,272	67,748	67,908	68,425	65,973	65,888	63,896	61,352	58,222	58,563	57,298	56,672	53,829	55,062	52,180	54,251	51,487	51,949	50,317	53,942	52,096	51,818	52,507	54,021	51,194	48,777	43,382	54,580	48,946	48,458	48,054	48,405	45,290	44,318
Bad debt expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,236	-8,388	-6,670	-5,062	-6,543	-7,988	-6,638	-6,397
PVNGS firm-sales contracts revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,754	-14,679	-14,527	-14,329
Deferred income tax expense (benefit)
-1,826	7,835	8,710	-43,052	1,122	-10,687	12,818	5,121	767	55,304	42,781	21,656	10,787	13,503	27,433	15,682	7,187	-46,060	35,836	18,349	8,326	16,928	31,301	17,976	6,276	2,552	30,081	20,002	7,795	1,102	33,787	11,753	9,601	81,257	25,175	8,680	9,312	12,398	7,627	19,983	-4,334
Equity in net (earnings) loss of Optim Energy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,509	2,496	-3,858	-4,352
Net unrealized losses on commodity derivatives
-	-	-	-	-	-	-	-	-	-	-29	-2,284	1,345	602	3,040	-6,654	1,435	-3,937	4,876	-4,407	-1,720	6,437	3,254	-426	-2,761	-3,992	7,587	3,173	-4,902	4,674	-1,098	-5,480	3,502	2,844	-1,127	-4,006	11,002	12,346	-16,897	8,603	-33,355
(Gains) losses on investment securities
-32,849	9,290	1,686	4,599	14,014	-18,257	2,463	-1,670	288	9,431	5,406	5,663	6,661	4,137	4,531	4,631	6,218	3,944	2,536	5,556	4,024	2,293	962	4,699	2,573	3,677	2,188	3,217	1,530	3,589	5,716	-794	4,454	1,297	-4,109	5,895	5,902	2,262	2,206	-1,343	1,743
Stock based compensation expense
3,801	990	898	1,269	3,257	2,569	1,226	431	2,894	872	761	1,874	2,687	1,233	858	890	2,653	1,115	987	547	2,214	1,251	1,281	1,268	2,131	1,005	1,117	1,295	1,903	837	1,313	199	1,236	2,254	1,435	1,922	945	369	563	535	1,427
Regulatory disallowances and restructuring costs
0	496	0	149,254	1,345	65,449	-1,645	1,794	0	-	-	-	-	-2,214	16,451	0	774	165,727	0	1,529	215	1,062	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
1,195	-	2,556	2,109	2,049	-	2,457	2,154	2,487	-	2,752	1,833	1,632	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-776	-450	-698	-803	-444	-898	-1,092	-810	-729	-3,795	-353	-352	-704	-	-	-	612	-8,235	2,375	2,074	-148	-4,687	680	967	-1,005	-1,351	-1,129	-606	351	-1,239	1,217	349	471	4,488	-1,434	-612	1,055	5,539	-1,532	-3,095	807
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues
-14,027	-28,494	28,903	11,637	-15,842	-11,745	3,317	35,345	-18,215	-19,231	8,873	32,757	-20,553	-3,688	4,915	32,445	-36,215	-20,485	2,884	33,069	-12,170	-17,183	4,615	34,750	-17,207	-16,169	710	27,083	-4,062	-29,003	10,649	34,572	-13,671	-17,728	44,091	52,602	-8,231	-33,312	21,067	39,756	-16,113
Materials, supplies, and fuel stock
-3,806	187	3,252	6,482	-3,826	-3,400	449	5,306	2,976	-1,676	1,172	867	-1,836	-460	3,247	-334	1,716	-3,449	-4,656	5,628	2,657	-10	852	-452	-5,894	6,856	565	1,103	-944	-1,357	1,519	2,192	3,058	1,215	2,094	-418	-691	-709	942	1,713	-98
Other current assets
-105	-3,723	-4,169	4,242	1,778	-16,148	-2,473	18,475	-2,345	-9,537	-20,148	9,828	-11,441	-2,179	-15,523	8,622	18,720	8,386	-21,414	-12,525	-3,817	10,620	-872	29,032	-8,344	-15,244	10,537	-1,535	-2,335	-1,627	-7,796	13,875	-1,854	19,078	4,580	7,157	-8,836	-11,813	19,745	-35,908	70,817
Other assets
-7,429	-9,519	-11,426	-8,395	-13,463	3,448	-5	-3,046	443	-495	9,167	-433	-2,753	44,780	-1,031	-608	-277	9,981	-4,288	-3,842	-4,220	30,212	-12,265	-11,851	-6,386	34,457	-15,300	2,418	-8,774	21,279	2,840	6,389	270	12,525	3,053	-661	918	-13,340	-958	1,145	4,594
Accounts payable
-1,224	5,197	-4,657	6,830	-7,642	11,924	-11,409	5,724	-26,953	10,739	5,781	1,800	-3,852	-3,033	10,176	-5,988	2,004	-33,544	22,052	-18,138	-2,639	-2,390	29,463	4,989	-34,373	22,270	-10,362	10,471	-17,895	10,047	8,855	-5,619	737	7,188	7,680	13,939	-7,838	-6,082	-8,904	7,602	-8,078
Accrued interest and taxes
-10,830	2,509	18,362	-12,623	6,443	-15,400	21,978	-18,235	13,370	-21,049	27,524	-19,344	12,542	-17,471	25,099	-22,559	18,276	-23,276	32,613	-29,191	24,811	-30,448	35,318	-28,643	25,813	-34,681	33,141	67,647	25,430	-22,081	32,280	-30,693	20,749	-25,745	39,847	-29,767	22,969	-107,315	86,454	32,074	22,950
Other current liabilities
-3,570	-4,682	3,851	-8,441	2,060	-1,606	5,736	7,881	-9,397	-4,925	910	7,511	-10,009	6,922	3,824	-6,672	-16,583	15,364	-2,536	11,028	-21,223	18,744	-17,856	27,018	-30,359	12,463	-10,801	17,451	-38,761	1,776	-18,665	26,458	-29,474	16,379	-2,387	15,822	-26,354	11,227	-2,507	-23,014	-21,680
Other liabilities
-16,485	-2,259	-11,524	-8,045	-13,243	-1,310	-2,550	-3,709	-3,397	789	-1,951	-3,807	-534	40,165	-4,878	-1,387	-4,032	-1,402	-2,268	-5,116	-33,278	42,442	6,417	-3,144	-199	9,117	-1,407	-4,209	-64,763	9,505	3,184	-303	-83,129	36,956	-21,719	-9,323	-12,649	-11,552	-10,115	-4,413	-10,670
Proceeds from governmental grants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	708	20,859	2,103	0	0	0	-	-	-	-
Net cash flows from operating activities
93,799	151,907	179,391	67,181	104,684	111,329	182,997	54,974	78,926	107,125	215,718	69,015	131,604	87,297	198,945	31,443	90,598	51,302	225,898	42,940	66,734	88,635	202,435	47,413	76,393	75,577	151,102	161,283	-1,375	76,350	163,703	27,693	13,603	93,743	113,757	26,002	58,738	70,794	140,356	89,458	-13,256
Cash Flows From Investing Activities:
Additions to utility plant and non-utility plant
140,208	171,353	151,844	151,090	141,986	135,729	119,897	127,896	117,691	147,038	122,541	116,052	114,830	97,546	123,956	99,810	278,764	146,983	178,642	132,750	100,214	167,297	132,468	77,055	83,838	114,111	80,416	79,928	73,584	94,166	57,947	72,778	84,018	90,656	83,107	90,039	63,129	100,148	45,044	68,754	67,542
Proceeds from sales of utility plant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from sales of investment securities
149,355	119,146	141,371	159,551	74,460	72,634	117,811	167,359	626,729	180,915	98,532	91,657	266,388	241,612	86,975	69,114	124,900	86,077	71,575	62,670	31,852	35,767	29,103	30,315	22,804	91,804	103,230	61,822	14,284	31,025	90,518	19,027	26,760	24,084	26,312	46,770	48,120	22,755	20,813	15,586	20,699
Purchases of investment securities
152,108	128,553	145,704	162,246	77,363	86,805	122,946	168,272	628,999	189,158	101,273	91,962	267,891	253,677	89,087	69,518	126,101	96,280	71,363	62,244	32,661	45,372	27,306	30,726	23,612	100,577	103,541	62,754	15,128	38,090	91,345	19,918	27,395	27,011	25,764	47,472	48,938	26,452	21,545	16,236	21,614
Return of principal on PVNGS lessor notes
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,547	0	7,506	0	14,188	0	10,527	0	10,231	0	12,392	0	10,965	0	10,823	0	12,632	0	16,900	0	15,374	0	15,635	0	14,216
Investments in NMRD
10,000	9,000	16,000	6,250	7,000	0	1,000	3,000	5,000	4,077	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in Westmoreland Loan
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	122,250	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on Westmoreland Loan
-	-	-	-	-	0	0	50,991	5,649	9,590	9,590	9,590	9,590	15,000	15,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-122	-155	5	174	13	-703	245	248	-128	-232	-17	-15	-128	-7	-12	-17	-150	150	-197	-2,550	-144	-3,266	4,183	-737	-13	-2,864	22	-7	-1,247	-3,316	2,060	-1,256	-2,431	162	615	-1,125	365	-1,368	780	-1,251	-165
Net cash flows from investing activities
-152,839	-189,605	-172,182	-160,209	-151,902	-149,197	-126,277	-81,066	-119,184	-137,121	-115,675	-106,752	-106,615	-94,604	-111,056	-100,197	-393,518	-157,336	-170,727	-129,774	-86,691	-173,636	-160,562	-76,729	-74,402	-120,020	-68,357	-80,853	-62,216	-97,915	-45,977	-72,413	-69,590	224,606	-66,274	-89,616	-48,938	-105,146	-32,124	-84,560	-54,076
Cash Flows From Financing Activities:
Revolving credit facilities borrowings (repayments), net
115,500	45,500	-52,800	118,600	-12,100	-76,700	-20,000	43,900	-66,700	38,900	-107,000	70,400	16,000	-18,800	-45,500	43,400	107,400	98,000	-85,000	87,600	-5,600	5,600	-5,000	5,000	-49,200	37,200	-48,000	-83,300	84,600	-54,700	-93,600	57,200	67,100	-206,300	-15,000	80,000	2,000	30,000	-93,000	-2,973	89,973
Long-term borrowings
0	190,000	80,000	0	475,000	155,000	120,000	410,000	299,652	0	260,000	57,000	0	100,000	146,000	175,000	182,500	0	249,305	64,300	150,000	100,000	0	80,000	175,000	0	0	75,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
0	35,000	0	172,302	200,000	100,000	100,025	395,111	155,026	10,747	185,876	68,003	9,444	15,636	162,001	126,156	0	-	-	-	-	0	0	50,000	75,000	3,431	16,592	9,445	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercise
24	0	0	13	930	26	13	122	802	0	165	462	1,112	360	99	3,294	3,275	-1,775	47	500	6,847	1,504	1,049	1,188	3,258	1,118	-7,845	9,052	2,293	1,383	4,891	405	5,005	3,052	398	907	1,265	130	339	295	483
Awards of common stock
11,498	21	5	956	8,936	130	237	1,423	10,845	113	650	2,134	11,032	531	553	4,347	10,020	-1,235	141	1,674	17,140	1,746	1,634	2,300	11,639	1,378	-7,312	10,090	9,651	3,238	9,256	1,586	11,088	120,395	753	1,783	2,752	-2,804	535	823	1,446
Excess tax (shortfall) from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-844	150	8	106
Payments received on PVNGS firm-sales contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,604	7,639	7,640	7,593
Dividends paid
24,625	23,231	23,232	23,231	23,232	21,240	21,241	21,240	21,240	19,448	19,448	19,448	19,448	17,656	17,655	17,656	17,656	16,063	16,063	16,062	16,063	14,868	14,868	14,864	14,868	13,275	13,275	13,275	11,683	11,683	11,684	11,681	10,089	10,966	11,563	11,564	11,563	11,563	11,564	11,563	11,564
Valencia’s transactions with its owner
6,434	5,176	2,277	3,685	4,263	4,418	4,296	3,909	4,472	4,779	5,232	3,703	4,028	4,679	4,933	3,395	3,999	4,942	4,493	3,454	4,160	4,861	4,560	3,820	4,369	4,858	4,802	3,415	5,260	3,596	4,585	3,440	4,009	4,829	4,740	3,300	3,932	6,596	4,130	3,887	3,132
Transmission interconnection and security deposit arrangements
370	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts received under transmission interconnection arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	657	437	152	-	-	-	-
Refunds paid under transmission interconnection arrangements
1,744	-	585	1,661	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs and other, net
-137	-231	-782	388	-2,215	-988	-274	-3,480	-2,104	-1,070	-921	-563	-388	594	-1,621	-316	-761	1,006	-3,295	-2,301	194	-778	-548	-943	-539	-1,839	-902	-2,220	-584	-585	-1,320	30	953	3,724	-108	0	2,566	808	831	3,468	124
Net cash flows from financing activities
71,456	21,437	8,659	-82,834	225,184	5,026	-26,645	27,198	40,067	-9,179	-59,087	36,647	-27,228	-3,023	-85,148	69,824	260,739	125,150	-34,640	-29,157	114,078	84,851	-25,561	14,261	22,643	13,537	-84,104	-50,741	59,715	25,194	-115,554	40,928	47,872	-329,018	-35,746	64,697	-12,264	24,659	-102,232	-14,787	81,677
Change in Cash, Restricted Cash, and Equivalents
12,416	-16,261	15,868	-175,862	177,966	-32,842	30,075	1,106	-191	-39,175	40,956	-1,090	-2,239	-10,330	2,741	1,070	-42,181	19,116	20,531	-115,991	94,121	-150	16,312	-15,055	24,634	-30,906	-1,359	29,689	-3,876	3,629	2,172	-3,792	-8,115	-10,669	11,737	1,083	-2,464	-9,693	6,000	-9,889	14,345
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized
26,658	29,755	24,182	41,021	20,518	38,105	21,577	44,321	15,305	45,599	15,374	45,031	14,951	39,506	18,045	46,089	11,403	40,336	6,737	50,118	6,191	48,666	5,363	49,994	4,718	46,783	5,718	53,450	4,817	49,225	7,823	51,905	4,312	52,261	6,200	51,869	6,061	51,852	6,636	55,839	5,349
Income taxes paid (refunded), net
-131	0	-161	-2,533	-235	0	0	850	-8	0	0	750	-125	-1,157	0	850	0	-254	-405	219	-1,450	-68	5	-1,115	-1,419	145	0	-94,869	-603	0	0	3,802	1,500	-1,783	-1,969	-1,775	0	-526	-35,384	-61,388	-2,020
Supplemental schedule of noncash investing activities:
Supplemental schedule of noncash investing and financing activities:
(Increase) decrease in accrued plant additions
6,699	-16,242	-5,428	3,815	26,636	-27,679	-1,126	1,300	16,003	-20,762	-5,778	-9,088	10,367	-11,863	4,720	5,339	20,149	-10,332	-9,491	5,929	-5,186	-9,763	-1,235	21,004	-13,095	3,471	5,910	472	-3,847	-	-	-	-	-	-	-	-	-	-	-	-
PNM
Net earnings
-12,196	32,041	84,721	-83,314	21,974	-53,401	81,428	30,782	11,514	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings
-15,925	27,988	80,861	-86,812	19,144	-56,807	77,508	26,673	7,837	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
49,422	48,038	48,708	47,249	47,218	45,131	46,511	45,548	45,165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense (benefit)
-2,141	11,237	9,910	-43,355	2,063	-8,560	9,552	2,595	-253	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gains) losses on investment securities
-32,849	9,290	1,686	4,599	14,014	-18,257	2,463	-1,670	288	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory disallowances and restructuring costs
0	-	0	149,254	1,345	-	-1,645	1,794	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
1,044	-	1,448	1,649	1,807	-	1,594	1,848	2,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-811	-786	-738	-741	-432	-984	-872	-810	-729	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable and unbilled revenues
-11,927	-17,064	19,965	6,434	-15,212	-6,205	2,107	27,157	-15,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials, supplies, and fuel stock
-4,340	-147	2,852	6,094	-3,671	-1,070	237	4,824	2,247	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
393	2,529	-2,585	-2,589	4,098	-15,025	-2,502	17,747	248	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-4,612	-5,525	-7,752	-7,733	-10,399	4,935	-3,533	-4,297	-3,999	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-260	-527	959	4,208	-8,257	9,700	-10,940	4,964	-18,014	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and taxes
5,917	-14,603	16,567	-11,149	14,764	-21,177	14,548	-18,972	17,984	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
746	-6,070	53	-8,664	32,683	-3,137	-3,474	2,504	-13,868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-12,588	-3,599	-13,005	-8,959	-13,524	8,467	-1,928	-5,919	-4,381	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from operating activities
82,002	76,468	133,037	37,557	108,061	77,119	134,558	18,497	53,161	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to utility plant and non-utility plant
70,586	107,074	76,899	81,998	75,876	78,077	57,263	58,567	61,720	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investment securities
149,355	119,146	141,371	159,551	74,460	72,634	117,811	167,359	626,729	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investment securities
152,108	128,553	145,704	162,246	77,363	86,805	122,946	168,272	628,999	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-122	115	-27	-49	48	-403	-10	-3	-128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from investing activities
-73,217	-116,596	-81,205	-84,644	-78,827	-91,845	-62,388	-59,477	-63,862	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving credit facilities borrowings (repayments), net
2,000	-	-42,200	42,200	-42,400	-	-33,600	33,600	-39,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings (repayments) – affiliate, net
0	0	0	0	-19,800	19,800	-4,900	-49,700	54,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term borrowings
0	40,000	0	0	250,000	0	100,000	350,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
0	0	0	0	200,000	0	100,025	350,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
132	132	132	132	132	77,508	132	132	132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Valencia’s transactions with its owner
6,434	5,176	2,277	3,685	4,263	4,418	4,296	3,909	4,472	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transmission interconnection and security deposit arrangements
370	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refunds paid under transmission interconnection arrangements
1,744	-	585	1,661	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs and other, net
-81	-98	-78	515	-635	-425	-20	-2,563	-584	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from financing activities
-6,021	23,990	-36,932	37,237	-17,230	-16,675	-43,558	43,835	9,612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Cash, Restricted Cash, and Equivalents
2,764	-16,138	14,900	-9,850	12,004	-31,401	28,612	2,855	-1,089	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
-	-	-	-	-	-	10,279	30,321	9,560	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
9,397	-	-	-	9,070	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid (refunded), net
0	0	-161	-3,383	0	134	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in accrued plant additions
-2,366	-8,229	-233	1,806	11,407	-12,283	814	-3,523	2,682	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Texas-New Mexico Power Company
Net earnings
7,092	11,347	25,087	15,267	4,098	10,712	16,100	15,366	9,413	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings
7,092	11,347	25,087	15,267	4,098	10,712	16,100	15,366	9,413	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
22,117	21,799	22,275	20,865	20,514	17,002	17,686	16,554	16,836	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense (benefit)
-2,090	4,636	-4,282	-3,661	-4,343	5,039	-2,359	53	-953	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
-	-	-	-	-	-	862	306	456	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
141	-	-	-	231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable and unbilled revenues
-2,099	-11,431	8,939	5,203	-630	-5,539	1,210	8,188	-3,115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials, supplies, and fuel stock
534	334	400	388	-155	-2,330	212	482	729	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-939	-3,072	-3,285	7,736	-581	-1,170	-1,137	709	-331	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-2,310	-1,922	-2,900	-832	-2,712	-1,995	3,566	2,548	3,055	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-1,828	981	-1,594	1,367	1,075	78	-116	239	-4,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and taxes
-11,376	-11,814	10,825	2,165	-990	-6,126	16,779	3,562	-1,952	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
-2,681	-913	-1,446	-60	3,190	627	682	-464	5,874	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-700	-715	945	302	-1,536	-9,223	-1,261	2,418	1,456	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from operating activities
15,207	40,877	47,559	23,301	25,855	27,794	42,982	25,495	25,480	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to utility plant and non-utility plant
60,419	58,952	70,678	65,752	58,624	52,663	55,424	65,405	49,956	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from investing activities
-60,419	-58,952	-70,678	-65,752	-58,624	-52,663	-55,424	-65,405	-49,956	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving credit facilities borrowings (repayments), net
55,000	-	-40,000	55,000	-17,500	-	4,000	-7,700	21,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings (repayments) – affiliate, net
0	-800	-800	1,600	-100	-4,000	4,000	-2,500	2,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term borrowings
0	0	80,000	0	225,000	15,000	20,000	60,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
0	25,087	15,367	4,098	10,713	16,099	15,368	9,412	1,024	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs and other, net
-53	-38	-714	-106	-1,561	-32	-190	-478	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from financing activities
54,947	19,075	23,119	-119,906	195,126	24,869	12,442	39,910	22,776	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Cash, Restricted Cash, and Equivalents
9,735	1,000	0	-162,357	162,357	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	-1,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
-	-	-	-	-	-	3,253	11,255	1,830	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
9,452	-	-	-	3,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid (refunded), net
-131	12,996	0	850	-235	3,424	0	850	-8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in accrued plant additions
2,839	-2,764	-4,383	1,536	10,646	-11,012	-2,064	5,018	9,868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-