PNM Resources, Inc. PNM Cash Flow

Pnm resources, inc. (PNM)

CashFlow / 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	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
59,070	92,131	4,602	-10,588	104,145	101,282	102,236	88,990	87,772	95,419	174,427	154,656	144,377	131,896	16,188	22,487	27,191	31,078	140,474	135,105	132,630	130,909	120,195	119,523	117,725	115,556	116,733	119,894	113,610	120,125	222,959	208,890	191,459	190,934	-29,280	-24,593	-5,958	-31,124	0	0	0
Net earnings
-	-	-	-	-	-	-	-	-	-	-	-	129,165	-	622	7,249	11,846	15,640	126,050	120,658	118,126	116,254	104,910	103,812	102,349	100,507	101,950	105,259	99,093	105,547	208,449	194,247	176,802	176,359	0	0	0	-	-	-	-
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:
Depreciation and amortization
304,657	301,068	293,417	286,711	281,839	275,641	275,314	273,353	270,054	268,194	264,182	257,109	249,358	242,033	235,435	230,755	226,362	222,861	217,743	215,322	212,980	209,867	208,004	207,695	208,304	208,173	210,363	210,442	209,540	206,499	197,374	197,933	195,685	195,366	200,038	193,863	190,207	186,067	0	0	0
Bad debt expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,116	-26,663	-26,263	-26,231	-27,566	0	0	0
PVNGS firm-sales contracts revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-58,289	0	0	0
Deferred income tax expense (benefit)
-28,333	-25,385	-43,907	-39,799	8,374	8,019	74,010	103,973	120,508	130,528	88,727	73,379	67,405	63,805	4,242	12,645	15,312	16,451	79,439	74,904	74,531	72,481	58,105	56,885	58,911	60,430	58,980	62,686	54,437	56,243	136,398	127,786	124,713	124,424	55,565	38,017	49,320	35,674	0	0	0
Equity in net (earnings) loss of Optim Energy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,223	0	0	0
Net unrealized losses on commodity derivatives
-	-	-	-	-	-	-	-	-	-	-366	2,703	-1,667	-1,577	-6,116	-4,280	-2,033	-5,188	5,186	3,564	7,545	6,504	-3,925	408	4,007	1,866	10,532	1,847	-6,806	1,598	-232	-261	1,213	8,713	18,215	2,445	15,054	-29,303	0	0	0
(Gains) losses on investment securities
-17,274	29,589	2,042	2,819	-3,450	-17,176	10,512	13,455	20,788	27,161	21,867	20,992	19,960	19,517	19,324	17,329	18,254	16,060	14,409	12,835	11,978	10,527	11,911	13,137	11,655	10,612	10,524	14,052	10,041	12,965	10,673	848	7,537	8,985	9,950	16,265	9,027	4,868	0	0	0
Stock based compensation expense
6,958	6,414	7,993	8,321	7,483	7,120	5,423	4,958	6,401	6,194	6,555	6,652	5,668	5,634	5,516	5,645	5,302	4,863	4,999	5,293	6,014	5,931	5,685	5,521	5,548	5,320	5,152	5,348	4,252	3,585	5,002	5,124	6,847	6,556	4,671	3,799	2,412	2,894	0	0	0
Regulatory disallowances and restructuring costs
149,750	151,095	216,048	214,403	66,943	65,598	0	0	0	-	-	-	-	15,011	182,952	166,501	168,030	167,471	2,806	2,806	1,277	1,062	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-2,727	-2,395	-2,843	-3,237	-3,244	-3,529	-6,426	-5,687	-5,229	-5,204	0	0	0	-	-	-	-3,174	-3,934	-386	-2,081	-3,188	-4,045	-709	-2,518	-4,091	-2,735	-2,623	-277	678	798	6,525	3,874	2,913	3,497	4,548	4,450	1,967	1,719	0	0	0
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues
-1,981	-3,796	12,953	-12,633	11,075	8,702	1,216	6,772	4,184	1,846	17,389	13,431	13,119	-2,543	-19,340	-21,371	-20,747	3,298	6,600	8,331	10,012	4,975	5,989	2,084	-5,583	7,562	-5,272	4,667	12,156	2,547	13,822	47,264	65,294	70,734	55,150	32,126	19,280	11,398	0	0	0
Materials, supplies, and fuel stock
6,115	6,095	2,508	-295	-1,471	5,331	7,055	7,778	3,339	-1,473	-257	1,818	617	4,169	1,180	-6,723	-761	180	3,619	9,127	3,047	-5,504	1,362	1,075	2,630	7,580	-633	321	1,410	5,412	7,984	8,559	5,949	2,200	276	-876	1,255	1,848	0	0	0
Other current assets
-3,755	-1,872	-14,297	-12,601	1,632	-2,491	4,120	-13,555	-22,202	-31,298	-23,940	-19,315	-20,521	9,640	20,205	14,314	-6,833	-29,370	-27,136	-6,594	34,963	30,436	4,572	15,981	-14,586	-8,577	5,040	-13,293	2,117	2,598	23,303	35,679	28,961	21,979	-8,912	6,253	-36,812	42,841	0	0	0
Other assets
-36,769	-42,803	-29,836	-18,415	-13,066	840	-3,103	6,069	8,682	5,486	50,761	40,563	40,388	42,864	8,065	4,808	1,574	-2,369	17,862	9,885	1,876	-290	3,955	920	15,189	12,801	-377	17,763	21,734	30,778	22,024	22,237	15,187	15,835	-10,030	-14,041	-12,235	-8,559	0	0	0
Accounts payable
6,146	-272	6,455	-297	-1,403	-20,714	-21,899	-4,709	-8,633	14,468	696	5,091	-2,697	3,159	-27,352	-15,476	-27,626	-32,269	-1,115	6,296	29,423	-2,311	22,349	-17,476	-11,994	4,484	-7,739	11,478	-4,612	14,020	11,161	9,986	29,544	20,969	7,699	-8,885	-15,222	-15,462	0	0	0
Accrued interest and taxes
-2,582	14,691	-3,218	398	-5,214	1,713	-3,936	1,610	501	-327	3,251	826	-2,389	3,345	-2,460	5,054	-1,578	4,957	-2,215	490	1,038	2,040	-2,193	-4,370	91,920	91,537	104,137	103,276	4,936	255	-3,409	4,158	5,084	7,304	-74,266	-27,659	34,182	34,163	0	0	0
Other current liabilities
-12,842	-7,212	-4,136	-2,251	14,071	2,614	-705	-5,531	-5,901	-6,513	5,334	8,248	-5,935	-12,509	-4,067	-10,427	7,273	2,633	6,013	-9,307	6,683	-2,453	-8,734	-1,679	-11,246	-19,648	-30,335	-38,199	-29,192	-19,905	-5,302	10,976	340	3,460	-1,692	-1,812	-40,648	-35,974	0	0	0
Other liabilities
-38,313	-35,071	-34,122	-25,148	-20,812	-10,966	-8,867	-8,268	-8,366	-5,503	33,873	30,946	33,366	29,868	-11,699	-9,089	-12,818	-42,064	1,780	10,465	12,437	45,516	12,191	4,367	3,302	-61,262	-60,874	-56,283	-52,377	-70,743	-43,292	-68,195	-77,215	-6,735	-55,243	-43,639	-38,729	-36,750	0	0	0
Proceeds from governmental grants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,567	23,670	23,670	22,962	2,103	0	0	0	-	-	-	-
Net cash flows from operating activities
492,278	503,163	462,585	466,191	453,984	428,226	424,022	456,743	470,784	523,462	503,634	486,861	449,289	408,283	372,288	399,241	410,738	386,874	424,207	400,744	405,217	414,876	401,818	350,485	464,355	386,587	387,360	399,961	266,371	281,349	298,742	248,796	247,105	292,240	269,291	295,890	359,346	287,352	0	0	0
Cash Flows From Investing Activities:
Additions to utility plant and non-utility plant
614,495	616,273	580,649	548,702	525,508	501,213	512,522	515,166	503,322	500,461	450,969	452,384	436,142	600,076	649,513	704,199	737,139	558,589	578,903	532,729	477,034	460,658	407,472	355,420	358,293	348,039	328,094	305,625	298,475	308,909	305,399	330,559	347,820	326,931	336,423	298,360	277,075	281,488	0	0	0
Proceeds from sales of utility plant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from sales of investment securities
569,423	494,528	448,016	424,456	432,264	984,533	1,092,814	1,073,535	997,833	637,492	698,189	686,632	664,089	522,601	367,066	351,666	345,222	252,174	201,864	159,392	127,037	117,989	174,026	248,153	279,660	271,140	210,361	197,649	154,854	167,330	160,389	96,183	123,926	145,286	143,957	138,458	107,274	79,853	0	0	0
Purchases of investment securities
588,611	513,866	472,118	449,360	455,386	1,007,022	1,109,375	1,087,702	1,011,392	650,284	714,803	702,617	680,173	538,383	380,986	363,262	355,988	262,548	211,640	167,583	136,065	127,016	182,221	258,456	290,484	282,000	219,513	207,317	164,481	176,748	165,669	100,088	127,642	149,185	148,626	144,407	113,171	85,847	0	0	0
Return of principal on PVNGS lessor notes
-	-	-	-	-	-	-	-	-	-	-	-	-	8,547	8,547	16,053	16,053	21,694	21,694	24,715	24,715	20,758	20,758	22,623	22,623	23,357	23,357	21,788	21,788	23,455	23,455	29,532	29,532	32,274	32,274	31,009	31,009	29,851	0	0	0
Investments in NMRD
41,250	38,250	29,250	14,250	11,000	9,000	13,077	12,077	9,077	4,077	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in Westmoreland Loan
-	-	-	-	-	-	-	-	-	-	-	-	-	122,250	122,250	122,250	122,250	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on Westmoreland Loan
-	-	-	-	-	56,640	66,230	75,820	34,419	38,360	43,770	49,180	39,590	30,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-98	37	-511	-271	-197	-338	133	-129	-392	-392	-167	-162	-164	-186	-29	-214	-2,747	-2,741	-6,157	-1,777	36	167	569	-3,592	-2,862	-4,096	-4,548	-2,510	-3,759	-4,943	-1,465	-2,910	-2,779	17	-1,513	-1,348	-1,474	-2,004	0	0	0
Net cash flows from investing activities
-674,835	-673,898	-633,490	-587,585	-508,442	-475,724	-463,648	-453,046	-478,732	-466,163	-423,646	-419,027	-412,472	-699,375	-762,107	-821,778	-851,355	-544,528	-560,828	-550,663	-497,618	-485,329	-431,713	-339,508	-343,632	-331,446	-309,341	-286,961	-278,521	-285,895	36,626	16,329	-874	19,778	-309,974	-275,824	-270,768	-275,906	0	0	0
Cash Flows From Financing Activities:
Revolving credit facilities borrowings (repayments), net
226,800	99,200	-23,000	9,800	-64,900	-119,500	-3,900	-90,900	-64,400	18,300	-39,400	22,100	-4,900	86,500	203,300	163,800	208,000	95,000	2,600	82,600	0	-43,600	-12,000	-55,000	-143,300	-9,500	-101,400	-147,000	-6,500	-24,000	-175,600	-97,000	-74,200	-139,300	97,000	19,000	-63,973	24,000	0	0	0
Long-term borrowings
270,000	745,000	710,000	750,000	1,160,000	984,652	829,652	969,652	616,652	317,000	417,000	303,000	421,000	603,500	503,500	606,805	496,105	463,605	563,605	314,300	330,000	355,000	255,000	255,000	250,000	75,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
207,302	407,302	472,302	572,327	795,136	750,162	660,909	746,760	419,652	274,070	278,959	255,084	313,237	303,793	0	0	0	-	-	-	-	125,000	128,431	145,023	104,468	29,468	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercise
37	943	969	982	1,091	963	937	1,089	1,429	1,739	2,099	2,033	4,865	7,028	4,893	4,841	2,047	5,619	8,898	9,900	10,588	6,999	6,613	-2,281	5,583	4,618	4,883	17,619	8,972	11,684	13,353	8,860	9,362	5,622	2,700	2,641	2,029	1,247	0	0	0
Awards of common stock
12,480	9,918	10,027	10,259	10,726	12,635	12,618	13,031	13,742	13,929	14,347	14,250	16,463	15,451	13,685	13,273	10,600	17,720	20,701	22,194	22,820	17,319	16,951	8,005	15,795	13,807	15,667	32,235	23,731	25,168	142,325	133,822	134,019	125,683	2,484	2,266	1,306	0	0	0	0
Excess tax (shortfall) from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-580	0	0	0
Payments received on PVNGS firm-sales contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,476	0	0	0
Dividends paid
94,319	92,926	90,935	88,944	86,953	84,961	83,169	81,376	79,584	77,792	76,000	74,207	72,415	70,623	69,030	67,438	65,844	64,251	63,056	61,861	60,663	59,468	57,875	56,282	54,693	51,508	49,916	48,325	46,731	45,137	44,420	44,299	44,182	45,656	46,253	46,254	46,253	46,254	0	0	0
Valencia’s transactions with its owner
17,572	15,401	14,643	16,662	16,886	17,095	17,456	18,392	18,186	17,742	17,642	17,343	17,035	17,006	17,269	16,829	16,888	17,049	16,968	17,035	17,401	17,610	17,607	17,849	17,444	18,335	17,073	16,856	16,881	15,630	16,863	17,018	16,878	16,801	18,568	17,958	18,545	17,745	0	0	0
Transmission interconnection and security deposit arrangements
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts received under transmission interconnection arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Refunds paid under transmission interconnection arrangements
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs and other, net
-762	-2,840	-3,597	-3,089	-6,957	-6,846	-6,928	-7,575	-4,658	-2,942	-1,278	-1,978	-1,731	-2,104	-1,692	-3,366	-5,351	-4,396	-6,180	-3,433	-2,075	-2,808	-3,869	-4,223	-5,500	-5,545	-4,291	-4,709	-2,459	-922	3,387	4,599	4,569	6,182	3,266	4,205	7,673	5,231	0	0	0
Net cash flows from financing activities
18,718	172,446	156,035	120,731	230,763	45,646	31,441	-1,001	8,448	-58,847	-52,691	-78,752	-45,575	242,392	370,565	421,073	322,092	175,431	135,132	144,211	187,629	96,194	24,880	-33,663	-98,665	-61,593	-49,936	-81,386	10,283	-1,560	-355,772	-275,964	-252,195	-312,331	41,346	-25,140	-104,624	-10,683	0	0	0
Change in Cash, Restricted Cash, and Equivalents
-163,839	1,711	-14,870	-663	176,305	-1,852	-8,185	2,696	500	-1,548	27,297	-10,918	-8,758	-48,700	-19,254	-1,464	-118,525	17,777	-1,489	-5,708	95,228	25,741	-5,015	-22,686	22,058	-6,452	28,083	31,614	-1,867	-6,106	-20,404	-10,839	-5,964	-313	663	-5,074	-16,046	763	0	0	0
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized
121,616	115,476	123,826	121,221	124,521	119,308	126,802	120,599	121,309	120,955	114,862	117,533	118,591	115,043	115,873	104,565	108,594	103,382	111,712	110,338	110,214	108,741	106,858	107,213	110,669	110,768	113,210	115,315	113,770	113,265	116,301	114,678	114,642	116,391	115,982	116,418	120,388	119,676	0	0	0
Income taxes paid (refunded), net
-2,825	-2,929	-2,929	-2,768	615	842	842	842	742	625	-532	-532	-432	-307	596	191	-440	-1,890	-1,704	-1,294	-2,628	-2,597	-2,384	-2,389	-96,143	-95,327	-95,472	-95,472	3,199	5,302	3,519	1,550	-4,027	-5,527	-4,270	-37,685	-97,298	-99,318	0	0	0
Supplemental schedule of noncash investing activities:
Supplemental schedule of noncash investing and financing activities:
(Increase) decrease in accrued plant additions
-11,156	8,781	-2,656	1,646	-869	-11,502	-4,585	-9,237	-19,625	-25,261	-16,362	-5,864	8,563	18,345	19,876	5,665	6,255	-19,080	-18,511	-10,255	4,820	-3,089	10,145	17,290	-3,242	6,006	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
PNM
Net earnings
21,252	55,422	-30,020	-33,313	80,783	70,323	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings
6,112	41,181	-43,614	-46,967	66,518	55,211	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
193,417	191,213	188,306	186,109	184,408	182,355	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense (benefit)
-24,349	-20,145	-39,942	-40,300	5,650	3,334	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gains) losses on investment securities
-17,274	29,589	2,042	2,819	-3,450	-17,176	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory disallowances and restructuring costs
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-3,076	-2,697	-2,895	-3,029	-3,098	-3,395	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable and unbilled revenues
-2,592	-5,877	4,982	-12,876	7,847	7,959	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials, supplies, and fuel stock
4,459	5,128	4,205	1,590	320	6,238	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-2,252	1,453	-16,101	-16,018	4,318	468	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-25,622	-31,409	-20,949	-16,730	-13,294	-6,894	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
4,380	-3,617	6,610	-5,289	-4,533	-14,290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and taxes
-3,268	5,579	-995	-3,014	-10,837	-7,617	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
-13,935	18,002	20,935	17,408	28,576	-17,975	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-38,151	-39,087	-27,021	-15,944	-12,904	-3,761	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from operating activities
329,064	355,123	355,774	357,295	338,235	283,335	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to utility plant and non-utility plant
336,557	341,847	312,850	293,214	269,783	255,627	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investment securities
569,423	494,528	448,016	424,456	432,264	984,533	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investment securities
588,611	513,866	472,118	449,360	455,386	1,007,022	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-83	87	-431	-414	-368	-544	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from investing activities
-355,662	-361,272	-336,521	-317,704	-292,537	-277,572	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving credit facilities borrowings (repayments), net
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings (repayments) – affiliate, net
0	-19,800	0	-4,900	-54,600	19,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term borrowings
40,000	290,000	250,000	350,000	700,000	450,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
0	200,000	200,000	300,025	650,025	450,025	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
528	528	77,904	77,904	77,904	77,904	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Valencia’s transactions with its owner
17,572	15,401	14,643	16,662	16,886	17,095	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transmission interconnection and security deposit arrangements
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refunds paid under transmission interconnection arrangements
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs and other, net
258	-296	-623	-565	-3,643	-3,592	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from financing activities
18,274	7,065	-33,600	-40,226	-33,628	-6,786	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Cash, Restricted Cash, and Equivalents
-8,324	916	-14,347	-635	12,070	-1,023	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid (refunded), net
-3,544	-3,544	-3,410	-3,249	134	134	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in accrued plant additions
-9,022	4,751	697	1,744	-3,585	-12,310	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Texas-New Mexico Power Company
Net earnings
58,793	55,799	55,164	46,177	46,276	51,591	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings
58,793	55,799	55,164	46,177	46,276	51,591	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
87,056	85,453	80,656	76,067	71,756	68,078	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense (benefit)
-5,397	-7,650	-7,247	-5,324	-1,610	1,780	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable and unbilled revenues
612	2,081	7,973	244	3,229	744	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials, supplies, and fuel stock
1,656	967	-1,697	-1,885	-1,791	-907	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
440	798	2,700	4,848	-2,179	-1,929	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-7,964	-8,366	-8,439	-1,973	1,407	7,174	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-1,074	1,829	926	2,404	1,276	-4,199	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and taxes
-10,200	186	5,874	11,828	13,225	12,263	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
-5,100	771	2,311	4,439	4,035	6,719	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-168	-1,004	-9,512	-11,718	-9,602	-6,610	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from operating activities
126,944	137,592	124,509	119,932	122,126	121,751	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to utility plant and non-utility plant
255,801	254,006	247,717	232,463	232,116	223,448	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from investing activities
-255,801	-254,006	-247,717	-232,463	-232,116	-223,448	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving credit facilities borrowings (repayments), net
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings (repayments) – affiliate, net
0	-100	-3,300	1,500	-2,600	100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term borrowings
80,000	305,000	320,000	260,000	320,000	95,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
44,552	55,265	46,277	46,278	51,592	41,903	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs and other, net
-911	-2,419	-2,413	-1,889	-2,261	-700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from financing activities
-22,765	117,414	123,208	112,531	272,347	99,997	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Cash, Restricted Cash, and Equivalents
-151,622	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid (refunded), net
13,715	13,611	4,039	4,039	4,039	4,266	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in accrued plant additions
-2,772	5,035	-3,213	-894	2,588	1,810	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-