Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows From Operating Activities:
Net earnings	$ 175,615	$ 56,141
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	233,537	225,182
Deferred income tax expense (benefit)	13,804	(33,220)
(Gains) on investment securities	(3,172)	(20,299)
Stock based compensation expense	6,560	5,424
Regulatory disallowances and restructuring costs	0	150,599
Allowance for equity funds used during construction	(6,728)	(6,714)
Other, net	3,107	1,945
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues	(57,340)	(24,698)
Materials, supplies, and fuel stock	10,495	(5,908)
Other current assets	(9,885)	(1,851)
Other assets	22,608	33,284
Accounts payable	(8,116)	(5,469)
Accrued interest and taxes	(3,765)	12,182
Other current liabilities	16,755	(2,530)
Other liabilities	(25,518)	(32,812)
Net cash flows from operating activities	367,957	351,256
Cash Flows From Investing Activities:
Additions to utility plant and non-utility plant	(495,334)	(444,920)
Proceeds from sales of investment securities	489,218	375,382
Purchases of investment securities	(498,170)	(385,313)
Investments in NMRD	(23,250)	(29,250)
Other, net	166	(192)
Net cash flows from investing activities	(527,370)	(484,293)
Cash Flows From Financing Activities:
Short-term borrowings (repayments), net	494	0
Revolving credit facilities borrowings (repayments), net	(1,300)	53,700
Long-term borrowings	1,037,845	555,000
Repayment of long-term debt	(752,845)	(372,302)
Proceeds from stock option exercise	24	943
Awards of common stock	(11,984)	(9,897)
Dividends paid	(73,876)	(69,695)
Valencia’s transactions with its owner	(14,995)	(10,225)
Transmission interconnection and security deposit arrangements	8,614	8,340
Refunds paid under transmission interconnection arrangements	(4,400)	(2,246)
Debt issuance costs and other, net	(1,104)	(2,609)
Net cash flows from financing activities	186,473	151,009
Change in Cash, Restricted Cash, and Equivalents	27,060	17,972
Cash, Restricted Cash, and Equivalents at Beginning of Period	3,833	2,122
Cash, Restricted Cash, and Equivalents at End of Period	30,893	20,094
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	84,139	85,721
Income taxes paid (refunded), net	969	(2,929)
Supplemental schedule of noncash investing activities:
(Increase) decrease in accrued plant additions	10,318	25,023
PNM
Cash Flows From Operating Activities:
Net earnings	140,420	23,381
Net earnings	129,198	13,193
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	147,790	143,175
Deferred income tax expense (benefit)	16,607	(31,382)
(Gains) on investment securities	(3,172)	(20,299)
Regulatory disallowances and restructuring costs	0	150,599
Allowance for equity funds used during construction	(4,229)	(4,904)
Other, net	4,382	1,911
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues	(46,312)	(11,187)
Materials, supplies, and fuel stock	10,945	(5,275)
Other current assets	(5,661)	1,076
Other assets	19,184	25,884
Accounts payable	(2,481)	(3,090)
Accrued interest and taxes	564	20,182
Other current liabilities	9,022	24,072
Other liabilities	(30,820)	(35,488)
Net cash flows from operating activities	256,239	278,655
Cash Flows From Investing Activities:
Additions to utility plant and non-utility plant	(251,873)	(234,773)
Proceeds from sales of investment securities	489,218	375,382
Purchases of investment securities	(498,170)	(385,313)
Other, net	167	28
Net cash flows from investing activities	(260,658)	(244,676)
Cash Flows From Financing Activities:
Revolving credit facilities borrowings (repayments), net	(36,300)	(42,400)
Short-term borrowings (repayments) – affiliate, net	0	(19,800)
Long-term borrowings	852,845	250,000
Repayment of long-term debt	(752,845)	(200,000)
Dividends paid	(41,049)	(396)
Valencia’s transactions with its owner	(14,995)	(10,225)
Transmission interconnection and security deposit arrangements	2,212	8,340
Refunds paid under transmission interconnection arrangements	(4,400)	(2,246)
Debt issuance costs and other, net	1,077	(198)
Net cash flows from financing activities	6,545	(16,925)
Change in Cash, Restricted Cash, and Equivalents	2,126	17,054
Cash, Restricted Cash, and Equivalents at Beginning of Period	1,001	85
Cash, Restricted Cash, and Equivalents at End of Period	3,127	17,139
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	45,614	42,284
Income taxes paid (refunded), net	0	(3,544)
Supplemental schedule of noncash investing activities:
(Increase) decrease in accrued plant additions	3,955	12,980
Texas-New Mexico Power Company
Cash Flows From Operating Activities:
Net earnings	47,187	44,452
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	67,595	63,654
Deferred income tax expense (benefit)	(10,737)	(12,286)
Allowance for equity funds used during construction	(2,499)	(1,810)
Other, net	33	33
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues	(11,029)	(13,512)
Materials, supplies, and fuel stock	(450)	(633)
Other current assets	(570)	(3,870)
Other assets	5,910	6,444
Accounts payable	952	848
Accrued interest and taxes	12,326	12,000
Other current liabilities	830	1,684
Other liabilities	4,258	(289)
Net cash flows from operating activities	113,806	96,715
Cash Flows From Investing Activities:
Additions to utility plant and non-utility plant	(228,976)	(195,054)
Net cash flows from investing activities	(228,976)	(195,054)
Cash Flows From Financing Activities:
Short-term borrowings (repayments), net	494	0
Revolving credit facilities borrowings (repayments), net	(15,000)	(2,500)
Short-term borrowings (repayments) – affiliate, net	0	700
Long-term borrowings	185,000	305,000
Repayment of long-term debt	0	(172,302)
Dividends paid	(34,613)	(30,178)
Transmission interconnection and security deposit arrangements	6,402	0
Debt issuance costs and other, net	(2,113)	(2,381)
Net cash flows from financing activities	140,170	98,339
Change in Cash, Restricted Cash, and Equivalents	25,000	0
Cash, Restricted Cash, and Equivalents at Beginning of Period	1,000	0
Cash, Restricted Cash, and Equivalents at End of Period	26,000	0
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	22,340	24,238
Income taxes paid (refunded), net	969	615
Supplemental schedule of noncash investing activities:
(Increase) decrease in accrued plant additions	$ 1,443	$ 7,799