Pnm resources, inc. (PNM)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Electric Operating Revenues:
Contracts with customers

1,377,208

1,359,740

1,321,023

1,277,594

-

-

-

-

-

-

-

-

Alternative revenue programs

-542

1,756

15,779

-

-

-

-

-

-

-

-

-

Other electric operating revenue

80,937

75,117

108,201

-

-

-

-

-

-

-

-

-

Total electric operating revenues

1,457,603

1,436,613

1,445,003

1,362,951

1,439,082

1,435,853

1,387,923

1,342,403

1,700,619

1,673,517

1,647,744

1,959,522

Revenue from Related Parties

-

-

-

-

-

-

-

-

0

-

-

-

Affiliate

-

-

-

-

-

-

-

-

-

0

0

-

Operating Expenses:
Cost of energy

-

-

-

-

464,649

471,556

432,316

399,850

692,922

700,727

717,989

1,239,854

Administrative and general

189,227

188,470

177,791

184,774

179,100

171,111

179,210

187,740

257,774

264,556

262,282

253,311

Energy production costs

-

-

-

-

176,752

185,638

175,819

185,417

180,850

195,919

185,228

193,899

Regulatory disallowances and restructuring costs

151,095

65,598

27,036

15,011

167,471

1,062

12,235

0

21,402

0

27,542

30,248

Depreciation and amortization

267,808

241,188

231,942

209,110

185,919

172,634

166,881

164,173

157,047

151,704

147,949

144,362

Impairment of goodwill and other intangible assets

-

-

-

-

-

-

-

-

-

-

-

221,769

Transmission and distribution costs

69,862

76,434

71,576

66,227

69,157

66,571

70,124

71,125

69,693

63,421

63,311

58,702

Taxes other than income taxes

80,054

79,673

76,690

76,321

71,684

67,584

64,496

60,377

63,632

57,738

51,501

47,191

Total operating expenses

1,313,403

1,200,566

1,129,964

1,078,226

1,314,732

1,136,156

1,101,081

1,068,682

1,443,320

1,434,065

1,455,802

2,189,336

Operating income

144,200

236,047

315,039

284,725

124,350

299,697

286,842

273,721

257,299

239,452

191,942

-229,814

Other Income and Deductions:
Interest income

14,022

15,540

15,916

22,293

6,498

8,483

10,043

13,072

15,515

18,896

28,389

24,096

Gains (losses) on investment securities

29,589

-17,176

27,161

19,517

16,060

10,527

10,612

12,965

8,985

4,868

4,502

-15,233

Other income

15,382

17,586

19,515

17,796

26,833

12,048

10,572

12,746

5,309

14,837

31,629

6,478

Gain on sale of First Choice

-

-

-

-

-

-

-

1,012

174,925

0

0

-

Equity in net earnings (loss) of Optim Energy

-

-

-

-

-

-

-

-

-

-15,223

-30,145

-29,687

Impairment of equity investment in Optim Energy

-

-

-

-

-

-

-

-

-

188,176

0

-

Other (deductions)

15,328

15,696

24,247

20,524

12,728

10,481

21,552

17,636

24,715

12,660

9,361

11,266

Net other income and deductions

43,665

254

38,345

39,082

36,663

20,577

9,675

22,159

180,019

-177,458

25,014

-25,612

Interest Charges

121,016

127,244

127,625

128,633

114,860

119,627

121,448

120,845

124,849

125,373

122,205

132,955

Earnings (Loss) before Income Taxes

66,849

109,057

225,759

195,174

46,153

200,647

175,069

175,035

312,469

-63,379

94,751

-388,381

Income Taxes (Benefits)

-25,282

7,775

130,340

63,278

15,075

69,738

59,513

54,910

121,535

-32,255

28,818

-90,816

Earnings (Loss) from Continuing Operations

-

-

-

-

-

-

-

-

-

-

65,933

-297,565

Earnings from Discontinued Operations, net of Income Taxes of $0, $0, and $36,687

-

-

-

-

-

-

-

-

-

-

70,801

34,628

Net Earnings (Loss)

92,131

101,282

95,419

131,896

31,078

130,909

115,556

120,125

190,934

-31,124

136,734

-262,937

(Earnings) Attributable to Valencia Non-controlling Interest

14,241

15,112

15,017

14,519

14,910

14,127

14,521

14,050

14,047

13,563

11,890

7,179

Preferred Stock Dividend Requirements of Subsidiary

528

528

528

528

528

528

528

528

-

-

-

-

Preferred Stock Dividend Requirements

-

-

-

-

-

-

-

-

528

528

-528

-528

Net Earnings (Loss) Attributable to PNMR

-

-

-

-

15,640

116,254

100,507

105,547

176,359

-45,215

124,316

-270,644

Net Earnings (Loss) Available for PNM Common Stock

77,362

85,642

79,874

116,849

15,640

116,254

100,507

105,547

-

-

-

-

Earnings Per Share [Abstract]
Basic (in dollars per share)

0.97

1.07

1.00

1.47

0.20

1.46

1.26

1.32

1.98

-0.49

1.36

-3.24

Diluted (in dollars per share)

0.97

1.07

1.00

1.46

0.20

1.45

1.25

1.31

1.96

-0.49

1.36

-3.24

Net Earnings (Loss) Attributable to PNMR per Common Share:
Basic (dollars per share)

-

-

-

-

-

-

-

-

-

-

0.58

-3.66

Diluted (dollars per share)

-

-

-

-

-

-

-

-

-

-

0.58

-3.66

Dividends Declared per Common Share (dollars per share)

-

-

-

-

-

-

-

-

-

0.50

0.50

0.60

PNM
Contracts with customers

1,010,898

1,019,291

992,462

963,158

-

-

-

-

-

-

-

-

Alternative revenue programs

1,987

-2,443

3,567

-

-

-

-

-

-

-

-

-

Other electric operating revenue

80,937

75,117

108,201

-

-

-

-

-

-

-

-

-

Total electric operating revenues

1,093,822

1,091,965

1,104,230

1,035,913

-

-

-

-

-

-

-

-

Administrative and general

172,903

173,178

163,892

162,469

-

-

-

-

-

-

-

-

Regulatory disallowances and restructuring costs

150,599

66,339

27,036

15,011

-

-

-

-

-

-

-

-

Depreciation and amortization

160,368

151,866

147,017

133,447

-

-

-

-

-

-

-

-

Transmission and distribution costs

42,970

46,855

42,370

39,657

-

-

-

-

-

-

-

-

Taxes other than income taxes

45,644

45,181

43,709

44,598

-

-

-

-

-

-

-

-

Total operating expenses

1,032,754

946,932

883,151

841,083

-

-

-

-

-

-

-

-

Operating income

61,068

145,033

221,079

194,830

-

-

-

-

-

-

-

-

Interest income

14,303

13,089

8,454

10,173

-

-

-

-

-

-

-

-

Gains (losses) on investment securities

29,589

-17,176

27,161

19,517

-

-

-

-

-

-

-

-

Other income

9,213

10,992

13,527

12,088

-

-

-

-

-

-

-

-

Other (deductions)

11,813

11,128

18,556

16,279

-

-

-

-

-

-

-

-

Net other income and deductions

41,292

-4,223

30,586

25,499

-

-

-

-

-

-

-

-

Interest Charges

72,900

76,458

82,697

87,469

-

-

-

-

-

-

-

-

Earnings (Loss) before Income Taxes

29,460

64,352

168,968

132,860

-

-

-

-

-

-

-

-

Income Taxes (Benefits)

-25,962

-5,971

81,555

40,922

-

-

-

-

-

-

-

-

Net Earnings (Loss)

55,422

70,323

87,413

91,938

-

-

-

-

-

-

-

-

(Earnings) Attributable to Valencia Non-controlling Interest

14,241

15,112

15,017

14,519

-

-

-

-

-

-

-

-

Preferred Stock Dividend Requirements of Subsidiary

528

528

528

528

-

-

-

-

-

-

-

-

Net Earnings (Loss) Attributable to PNMR

41,181

55,211

72,396

-

-

-

-

-

-

-

-

-

Net Earnings (Loss) Available for PNM Common Stock

40,653

54,683

71,868

76,891

-

-

-

-

-

-

-

-

Texas-New Mexico Power Company
Contracts with customers

366,310

340,449

328,561

314,436

-

-

-

-

-

-

-

-

Alternative revenue programs

-2,529

4,199

12,212

-

-

-

-

-

-

-

-

-

Other electric operating revenue

0

0

-

-

-

-

-

-

-

-

-

-

Total electric operating revenues

363,781

344,648

340,773

327,038

-

-

-

-

-

-

-

-

Administrative and general

40,530

38,642

39,828

39,423

-

-

-

-

-

-

-

-

Regulatory disallowances and restructuring costs

496

-741

0

0

-

-

-

-

-

-

-

-

Depreciation and amortization

84,259

66,189

63,146

61,126

-

-

-

-

-

-

-

-

Transmission and distribution costs

26,892

29,579

29,206

26,570

-

-

-

-

-

-

-

-

Taxes other than income taxes

30,703

28,792

29,187

27,396

-

-

-

-

-

-

-

-

Total operating expenses

277,967

248,151

247,169

235,397

-

-

-

-

-

-

-

-

Operating income

85,814

96,497

93,604

91,641

-

-

-

-

-

-

-

-

Interest income

0

0

0

0

-

-

-

-

-

-

-

-

Other income

5,559

5,487

4,994

4,629

-

-

-

-

-

-

-

-

Other (deductions)

1,428

1,422

1,443

1,427

-

-

-

-

-

-

-

-

Net other income and deductions

4,131

4,065

3,551

3,202

-

-

-

-

-

-

-

-

Interest Charges

29,100

32,091

30,084

29,335

-

-

-

-

-

-

-

-

Earnings (Loss) before Income Taxes

60,845

68,471

67,071

65,508

-

-

-

-

-

-

-

-

Income Taxes (Benefits)

5,046

16,880

31,512

23,836

-

-

-

-

-

-

-

-

Net Earnings (Loss)

55,799

51,591

35,559

41,672

-

-

-

-

-

-

-

-

(Earnings) Attributable to Valencia Non-controlling Interest

0

0

0

0

-

-

-

-

-

-

-

-

Preferred Stock Dividend Requirements of Subsidiary

0

0

0

0

-

-

-

-

-

-

-

-

Net Earnings (Loss) Attributable to PNMR

55,799

51,591

35,559

-

-

-

-

-

-

-

-

-

Net Earnings (Loss) Available for PNM Common Stock

55,799

51,591

35,559

41,672

-

-

-

-

-

-

-

-

Alternative revenue programs
Operating revenues

-

-

-

16,035

-

-

-

-

-

-

-

-

Other Electric [Member]
Operating revenues

-

-

-

69,322

-

-

-

-

-

-

-

-

Cost of energy
Total electric operating revenues

1,457,603

1,436,613

1,445,003

1,362,951

-

-

-

-

-

-

-

-

Energy costs

412,812

399,726

407,479

380,596

-

-

-

-

-

-

-

-

Energy production costs
Energy costs

142,545

149,477

137,450

146,187

-

-

-

-

-

-

-

-