XML 58 R41.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Information - Summarized Financial Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
segment
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Segment Reporting Information [Line Items]          
Number of operating segments | segment     1    
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues $ 357,649 $ 330,228 $ 691,271 $ 679,872  
Other operating expenses 122,614 273,996 240,815 399,935  
Depreciation and amortization 70,022 66,065 138,995 131,421  
Operating income (loss) 71,150 (93,615) 118,888 (56,892)  
Interest income 3,071 3,460 6,494 7,048  
Other income (deductions) 22,703 4,832 (11,303) 19,039  
Interest charges (31,088) (29,791) (61,522) (61,425)  
Earnings (Loss) before Income Taxes 65,836 (115,114) 52,557 (92,230)  
Income taxes (benefit) 4,275 (42,831) 2,395 (41,608)  
Net Earnings (Loss) 61,561 (72,283) 50,162 (50,622)  
Valencia non-controlling interest (3,940) (3,499) (7,669) (6,328)  
Subsidiary preferred stock dividends (132) (132) (264) (264)  
Net Earnings (Loss) Available for PNM Common Stock 57,489 (75,914) 42,229 (57,214)  
Total Assets 7,574,467 7,048,667 7,574,467 7,048,667 $ 7,298,774
Goodwill 278,297 278,297 278,297 278,297 $ 278,297
PNM          
Segment Reporting Information, Profit (Loss) [Abstract]          
Other operating expenses 101,557 255,519 200,113 361,981  
Depreciation and amortization 41,763 39,811 83,212 79,036  
Operating income (loss) 49,584 (115,977) 83,188 (91,685)  
Interest income 3,147 3,530 6,643 7,187  
Other income (deductions) 20,954 4,179 (13,072) 18,536  
Interest charges (19,178) (18,526) (36,807) (36,886)  
Earnings (Loss) before Income Taxes 54,507 (126,794) 39,952 (102,848)  
Income taxes (benefit) 4,895 (43,481) 2,536 (41,508)  
Net Earnings (Loss) 49,612 (83,313) 37,416 (61,340)  
Valencia non-controlling interest (3,940) (3,499) (7,669) (6,328)  
Subsidiary preferred stock dividends (132) (132) (264) (264)  
Net Earnings (Loss) Available for PNM Common Stock 45,540 (86,944) 29,483 (67,932)  
Total Assets 5,377,422 5,105,090 5,377,422 5,105,090  
Goodwill 51,632 51,632 51,632 51,632  
TNMP          
Segment Reporting Information, Profit (Loss) [Abstract]          
Other operating expenses 25,339 24,013 50,461 49,253  
Depreciation and amortization 22,368 20,502 44,204 40,716  
Operating income (loss) 23,175 22,578 37,520 35,163  
Interest income 0 0 0 0  
Other income (deductions) 1,963 731 2,524 1,317  
Interest charges (7,361) (6,560) (14,533) (15,361)  
Earnings (Loss) before Income Taxes 17,777 16,749 25,511 21,119  
Income taxes (benefit) 1,603 1,482 2,245 1,754  
Net Earnings (Loss) 16,174 15,267 23,266 19,365  
Valencia non-controlling interest 0 0 0 0  
Subsidiary preferred stock dividends 0 0 0 0  
Net Earnings (Loss) Available for PNM Common Stock 16,174 15,267 23,266 19,365  
Total Assets 1,985,721 1,768,831 1,985,721 1,768,831  
Goodwill 226,665 226,665 226,665 226,665  
Corporate and Other          
Segment Reporting Information, Profit (Loss) [Abstract]          
Other operating expenses (4,282) (5,536) (9,759) (11,299)  
Depreciation and amortization 5,891 5,752 11,579 11,669  
Operating income (loss) (1,609) (216) (1,820) (370)  
Interest income (76) (70) (149) (139)  
Other income (deductions) (214) (78) (755) (814)  
Interest charges (4,549) (4,705) (10,182) (9,178)  
Earnings (Loss) before Income Taxes (6,448) (5,069) (12,906) (10,501)  
Income taxes (benefit) (2,223) (832) (2,386) (1,854)  
Net Earnings (Loss) (4,225) (4,237) (10,520) (8,647)  
Valencia non-controlling interest 0 0 0 0  
Subsidiary preferred stock dividends 0 0 0 0  
Net Earnings (Loss) Available for PNM Common Stock (4,225) (4,237) (10,520) (8,647)  
Total Assets 211,324 174,746 211,324 174,746  
Goodwill 0 0 0 0  
Cost of energy          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 357,649 330,228 691,271 679,872  
Cost of energy 93,863 83,782 192,573 205,408  
Utility margin 263,786 246,446 498,698 474,464  
Cost of energy | PNM          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 260,788 238,219 508,921 507,536  
Cost of energy 67,884 58,866 142,408 158,204  
Utility margin 192,904 179,353 366,513 349,332  
Cost of energy | TNMP          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 96,861 92,009 182,350 172,336  
Cost of energy 25,979 24,916 50,165 47,204  
Utility margin 70,882 67,093 132,185 125,132  
Cost of energy | Corporate and Other          
Segment Reporting Information, Profit (Loss) [Abstract]          
Electric operating revenues 0 0 0 0  
Cost of energy 0 0 0 0  
Utility margin $ 0 $ 0 $ 0 $ 0