2019 Q1 Form 10-K Financial Statement

#000110842620000014 Filed on March 02, 2020

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q3
Revenue $349.6M $343.8M $422.7M
YoY Change 9.99% 3.35% 0.66%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $52.30M $46.90M $50.00M
YoY Change 8.28% 3.53% 13.38%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.95M $68.20M $70.40M
YoY Change 9.15% 0.44% 2.92%
% of Gross Profit
Operating Expenses $311.6M $295.8M $296.2M
YoY Change 14.69% 9.64% 7.59%
Operating Profit $36.72M -$17.40M $128.0M
YoY Change -20.4% -175.88% -10.17%
Interest Expense $31.63M -$45.00M $30.49M
YoY Change -4.3% 54.11% -5.03%
% of Operating Profit 86.14% 23.82%
Other Income/Expense, Net $3.252M -$200.0K $2.624M
YoY Change 136.34% -90.0% -60.89%
Pretax Income $22.89M -$62.60M $104.5M
YoY Change 16.87% -1460.87% -13.71%
Income Tax $1.223M -$14.00M $12.90M
% Of Pretax Income 5.34% 12.35%
Net Earnings $18.70M -$55.08M $87.52M
YoY Change 24.75% 1.46% 18.69%
Net Earnings / Revenue 5.35% -16.02% 20.71%
Basic Earnings Per Share $0.23 -$0.70 $1.10
Diluted Earnings Per Share $0.23 -$0.69 $1.09
COMMON SHARES
Basic Shares Outstanding 79.89M shares 79.65M shares 79.87M shares
Diluted Shares Outstanding 79.97M shares 79.98M shares

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.1M $2.100M $35.00M
YoY Change 4639.47% -47.5% -18.79%
Cash & Equivalents $180.1M $2.122M $34.96M
Short-Term Investments
Other Short-Term Assets $53.86M $54.81M $53.07M
YoY Change 16.11% 15.73% -5.94%
Inventory $68.01M $71.83M $75.23M
Prepaid Expenses
Receivables $94.62M $92.80M $108.6M
Other Receivables $21.50M $19.30M $29.90M
Total Short-Term Assets $457.1M $302.5M $363.9M
YoY Change 64.83% 2.75% -2.83%
LONG-TERM ASSETS
Property, Plant & Equipment $5.447B $5.238B $5.167B
YoY Change 8.17% 5.1% 1.41%
Goodwill $278.3M $278.3M $278.3M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $33.53M $26.56M $26.03M
YoY Change 55.65% 60.9% -91.52%
Other Assets $683.4M $691.6M $681.4M
YoY Change -1.5% -0.66% 15.86%
Total Long-Term Assets $6.794B $6.563B $6.485B
YoY Change 6.17% 3.33% 2.57%
TOTAL ASSETS
Total Short-Term Assets $457.1M $302.5M $363.9M
Total Long-Term Assets $6.794B $6.563B $6.485B
Total Assets $7.251B $6.866B $6.849B
YoY Change 8.6% 3.3% 2.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.89M $112.2M $72.57M
YoY Change -0.68% -7.59% -19.26%
Accrued Expenses $97.50M $65.20M $80.20M
YoY Change 28.8% 4.49% -3.72%
Deferred Revenue $10.75M $10.70M $10.83M
YoY Change -3.02%
Short-Term Debt $223.8M $235.9M $262.6M
YoY Change -6.24% -22.76% -1.46%
Long-Term Debt Due $172.3M $0.00 $471.9M
YoY Change -44.34% -100.0% 185.45%
Total Short-Term Liabilities $664.1M $512.5M $980.5M
YoY Change -15.15% -38.68% 37.92%
LONG-TERM LIABILITIES
Long-Term Debt $2.772B $2.670B $2.143B
YoY Change 22.01% 22.44% -6.12%
Other Long-Term Liabilities $1.442B $1.318B $1.292B
YoY Change 10.3% 0.66% 53.15%
Total Long-Term Liabilities $2.772B $2.670B $2.143B
YoY Change 22.01% 22.44% -6.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $664.1M $512.5M $980.5M
Total Long-Term Liabilities $2.772B $2.670B $2.143B
Total Liabilities $5.492B $5.101B $5.001B
YoY Change 11.72% 4.68% 3.06%
SHAREHOLDERS EQUITY
Retained Earnings $639.6M $644.0M $722.1M
YoY Change 0.15% 1.65% 4.45%
Common Stock $1.148B $1.153B $1.151B
YoY Change -0.19% -0.39% -0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.685B $1.688B $1.771B
YoY Change
Total Liabilities & Shareholders Equity $7.251B $6.866B $6.849B
YoY Change 8.6% 3.3% 2.27%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $18.70M -$55.08M $87.52M
YoY Change 24.75% 1.46% 18.69%
Depreciation, Depletion And Amortization $73.95M $68.20M $70.40M
YoY Change 9.15% 0.44% 2.92%
Cash From Operating Activities $104.7M $111.3M $183.0M
YoY Change 32.64% 3.82% -15.16%
INVESTING ACTIVITIES
Capital Expenditures -$142.0M -$135.7M -$119.9M
YoY Change 20.65% -7.75% -2.12%
Acquisitions
YoY Change
Other Investing Activities $13.00K -$13.50M -$6.300M
YoY Change -110.16% -236.36% -191.3%
Cash From Investing Activities -$151.9M -$149.2M -$126.2M
YoY Change 27.45% 8.75% 9.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.936M
YoY Change -17.6%
Debt Paid & Issued, Net $200.0M
YoY Change 29.01%
Cash From Financing Activities $225.2M 5.000M -26.70M
YoY Change 462.02% -154.95% -54.82%
NET CHANGE
Cash From Operating Activities $104.7M 111.3M 183.0M
Cash From Investing Activities -$151.9M -149.2M -126.2M
Cash From Financing Activities $225.2M 5.000M -26.70M
Net Change In Cash $178.0M -32.90M 30.10M
YoY Change -93275.92% -15.86% -26.59%
FREE CASH FLOW
Cash From Operating Activities $104.7M $111.3M $183.0M
Capital Expenditures -$142.0M -$135.7M -$119.9M
Free Cash Flow $246.7M $247.0M $302.9M
YoY Change 25.46% -2.87% -10.44%

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IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues
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<div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements</span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Information concerning recently issued accounting pronouncements that have not been adopted by the Company is presented below. The Company does not expect difficulty in adopting these standards by their required effective dates.</span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-13 </span><span style="font-family:inherit;font-size:10pt;">– </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments </span><span style="font-family:inherit;font-size:10pt;">– </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, which changes the way entities recognize impairment of many financial assets, including accounts receivable and investments in certain debt securities, by requiring immediate recognition of estimated credit losses expected to occur over the remaining lives of the assets. In November 2018, the FASB clarified that receivables arising from operating leases are not within the scope of Topic 326 for assets measured at amortized costs. Instead, impairments of receivables arising from operating leases should be accounted for in accordance with Topic 842. In May 2019, the FASB issued transition relief by providing an option to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost. The Company is in the process of analyzing the impacts of the new standard but does not anticipate a significant impact on its reserves for trade receivables or on PNMR’s guarantees of certain PNMR Development debt arrangements. A cumulative effect adjustment is also not anticipated upon implementation. ASU 2016-13 also requires entities to separately measure and realize an impairment for credit losses on available-for-sale debt securities for which carrying value exceeds fair value, unless such securities have been determined to be other than temporarily impaired and the entire decrease in value has been realized as an impairment. PNM records a realized loss as an impairment for any available-for-sale debt security that has a fair value that is less than carrying value at the end of each quarter. As a result, the Company does not anticipate the new standard will impact its accounting for available-for-sale debt securities. The Company will adopt ASU 2016-13 as of January 1, 2020, its required effective date.</span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-04 </span><span style="font-family:inherit;font-size:10pt;">–</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> Intangibles </span><span style="font-family:inherit;font-size:10pt;">–</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU 2017-04 to simplify the annual goodwill impairment assessment process. Currently, the first step of a quantitative impairment test requires an entity to compare the fair value of each reporting unit containing goodwill with its carrying value (including goodwill). If as a result of this analysis, the entity concludes there is an indication of impairment in a reporting unit having goodwill, the entity is required to perform the second step of the impairment analysis, determining the amount of goodwill impairment to be recorded. The amount is calculated by comparing the implied fair value of the goodwill to its carrying amount. This exercise requires the entity to allocate the fair value determined in step one to the individual assets and liabilities of the reporting unit. Any remaining fair value would be the implied fair value of goodwill on the testing date. To the extent the recorded amount of goodwill of a reporting unit exceeds the implied fair value determined in step two, an impairment loss would be reflected in results of operations. ASU 2017-04 eliminates the second step of the impairment analysis. Accordingly, if the first step of a quantitative goodwill impairment analysis performed after adoption of ASU 2017-04 indicates that the fair </span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">value of a reporting unit is less than its carrying value, the goodwill of that reporting unit would be impaired to the extent of that difference. The Company will adopt ASU 2017-04 for impairment testing after January 1, 2020, its required effective date.</span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2018-13 – Fair Value Measurements (Topic 820) Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurements</span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-13 to improve fair value disclosures. ASU 2018-13 eliminates certain disclosure requirements related to transfers between Levels 1 and 2 of the fair value hierarchy and the requirement to disclose the valuation process for Level 3 fair value measurements. ASU 2018-13 also amends certain disclosure requirements for investments measured at net asset value and requires new disclosures for Level 3 investments, including a new requirement to disclose changes in unrealized gains or losses recorded in OCI related to Level 3 fair value measurements. ASU 2018-13 is effective for the Company beginning on January 1, 2020 and permits entities to adopt all or certain elements of the new guidance prior to its effective date. ASU 2018-13 requires retrospective application, except for the new disclosures related to Level 3 investments which are to be applied prospectively. As discussed in Note 9, PNM and TNMP have investment securities in trusts for decommissioning, reclamation, pension benefits, and other postretirement benefits, which are measured at fair value. Certain investments in these trusts are measured at net asset value per share. These trusts currently hold no Level 3 investments. The Company is evaluating the requirements of ASU 2018-13, but does not anticipate it will have a significant impact on the Company’s fair value disclosures.</span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2018-14 – Compensation - Retirement Benefits - Defined Benefit Plans (Topic 715) Disclosure Framework: Changes to the Disclosure Requirements for Defined Benefit Plans</span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-14 to improve benefit plan sponsors’ disclosures for defined benefit pension and other post-employment benefit plans. ASU 2018-14 removes the requirement to disclose the amounts in other comprehensive income expected to be recognized as benefit cost over the next fiscal year and the requirement to disclose the impact of a one-percentage-point change in the assumed health care cost trend rate; clarifies the disclosure requirements for plans with assets that are less than their projected benefit, or accumulated benefit obligation; and requires significant gains and losses affecting benefit obligations during the period be disclosed. ASU 2018-14 is effective for the Company on December 31, 2020, although early adoption is permitted, and requires retrospective application. As discussed in Note 11, PNM and TNMP maintain qualified defined benefit, other postretirement benefit plans providing medical and dental benefits, and executive retirement programs. The Company is in the process of evaluating the requirements of ASU 2018-14 but does not anticipate these changes will have a significant impact on the Company’s defined benefit and other postretirement benefit plan disclosures.</span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2018-15 – Intangibles - Goodwill and Other - Internal Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract</span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-15 to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for implementation costs incurred to develop or obtain internal-use software. Under ASU 2018-15, entities are required to capitalize implementation costs for hosting arrangements if those costs meet the capitalization requirements for internal-use software arrangements. ASU 2018-15 requires entities to present cash flows, capitalized costs, and amortization expense in the same financial statement line items as other costs incurred for such hosting arrangements. ASU 2018-15 is effective for the Company on January 1, 2020 and allows entities to apply the new requirements retrospectively or prospectively. The Company is in the process of analyzing the impacts of this new standard.</span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2019-12 – Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes</span></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In December 2019, the FASB issued ASU 2019-12 as part of its initiative to reduce complexity in accounting standards. The amendments in ASU 2019-12 simplify accounting for income taxes by removing several accounting exceptions to accounting for income taxes. ASU 2019-12 also eliminates or simplifies other income tax accounting requirements, including a requirement that entities recognize franchise tax (or similar tax) that is partially based on income as an income-based tax. ASU 2019-12 is effective for the Company beginning on January 1, 2021 and allows for early adoption. ASU 2019-12 is to be applied prospectively or retrospectively in the period of adoption depending on the type of amendment. The Company is in the process of analyzing the impacts of this new standard.</span></div>
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CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.1775
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.0850
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.9925
CY2019 us-gaap Dividends
Dividends
257600000 USD
CY2017Q1 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.01927
CY2018Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
24500000 USD
CY2019Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
24500000 USD
CY2019Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
25000000.0 USD
CY2019Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
40000000.0 USD
CY2019Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
50000000 USD
CY2019Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
185100000 USD
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
235900000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
4700000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3004043000 USD
CY2019Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-3674000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2666345000 USD
CY2018Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-3765000 USD
CY2019Q4 pnm Longtermdebt Currentmaturities Gross
LongtermdebtCurrentmaturitiesGross
490345000 USD
CY2019Q4 pnm Unamortized Loan Commitmentand Origination Feesand Unamortized Discountsor Premiums Current Portion
UnamortizedLoanCommitmentandOriginationFeesandUnamortizedDiscountsorPremiumsCurrentPortion
77000 USD
CY2018Q4 pnm Longtermdebt Currentmaturities Gross
LongtermdebtCurrentmaturitiesGross
0 USD
CY2018Q4 pnm Unamortized Loan Commitmentand Origination Feesand Unamortized Discountsor Premiums Current Portion
UnamortizedLoanCommitmentandOriginationFeesandUnamortizedDiscountsorPremiumsCurrentPortion
0 USD
CY2019Q4 pnm Longtermdebt Excludingcurrentmaturities Gross
LongtermdebtExcludingcurrentmaturitiesGross
2513698000 USD
CY2019Q4 pnm Unamortized Loan Commitmentand Origination Feesand Unamortized Discountsor Premiums Excluding Current Portion
UnamortizedLoanCommitmentandOriginationFeesandUnamortizedDiscountsorPremiumsExcludingCurrentPortion
-3751000 USD
CY2018Q4 pnm Longtermdebt Excludingcurrentmaturities Gross
LongtermdebtExcludingcurrentmaturitiesGross
2666345000 USD
CY2018Q4 pnm Unamortized Loan Commitmentand Origination Feesand Unamortized Discountsor Premiums Excluding Current Portion
UnamortizedLoanCommitmentandOriginationFeesandUnamortizedDiscountsorPremiumsExcludingCurrentPortion
-3765000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
490345000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
796000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
57000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
55000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
80000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1525698000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3004043000 USD
CY2019Q4 pnm Unamortized Cost Of Prepaid Right Of Way Agreements
UnamortizedCostOfPrepaidRightOfWayAgreements
60200000 USD
CY2018Q4 pnm Unamortized Cost Of Prepaid Right Of Way Agreements
UnamortizedCostOfPrepaidRightOfWayAgreements
63000000.0 USD
CY2019 pnm Amortization Of Prepaid Right Of Way Agreements
AmortizationOfPrepaidRightOfWayAgreements
3700000 USD
CY2018 pnm Amortization Of Prepaid Right Of Way Agreements
AmortizationOfPrepaidRightOfWayAgreements
3800000 USD
CY2017 pnm Amortization Of Prepaid Right Of Way Agreements
AmortizationOfPrepaidRightOfWayAgreements
3500000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
131212000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
157440000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29068000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
25189000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
105512000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
135174000 USD
CY2019Q4 pnm Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
10028000 USD
CY2019Q4 pnm Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
973000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9055000 USD
CY2019Q4 pnm Finance Lease Liability Current Other
FinanceLeaseLiabilityCurrentOther
1637000 USD
CY2019Q4 pnm Finance Lease Liability Deferred Credits Other
FinanceLeaseLiabilityDeferredCreditsOther
7102000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y5M26D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M14D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0390
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0364
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
31963000 USD
CY2019 pnm Operating Lease Capitalized Costs
OperatingLeaseCapitalizedCosts
-3913000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
28050000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
973000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
194000 USD
CY2019 pnm Finance Lease Capitalized Costs
FinanceLeaseCapitalizedCosts
-704000 USD
CY2019 pnm Finance Lease Cost
FinanceLeaseCost
463000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
96000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
414000 USD
CY2019 us-gaap Lease Cost
LeaseCost
29023000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
27849000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
71000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
313000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
157816000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9645000 USD
CY2019 pnm Operating Leases Capitalized Financing Costs Investing Activities
OperatingLeasesCapitalizedFinancingCostsInvestingActivities
3900000 USD
CY2019 pnm Finance Leases Capitalized Financing Costs Investing Activities
FinanceLeasesCapitalizedFinancingCostsInvestingActivities
700000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
29316000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1925000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
30660000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1866000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1807000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
28473000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1624000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19423000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1153000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8833000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1249000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
35489000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
9624000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
152194000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
885000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17614000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
8739000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
134580000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
31772000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
30404000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
29012000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
28175000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
18868000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
43489000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
181720000 USD
CY2019Q4 pnm Lessee Operating Lease Unguaranteed Residual Value
LesseeOperatingLeaseUnguaranteedResidualValue
21800000 USD
CY2019Q4 pnm Contract With Customer Liability Net
ContractWithCustomerLiabilityNet
0 USD
CY2019 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
5698000 USD
CY2018 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
4864000 USD
CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
18319000 USD
CY2018 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-10523000 USD
CY2019 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
24017000 USD
CY2018 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-5659000 USD
CY2019 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
5572000 USD
CY2018 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-11517000 USD
CY2019 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
29589000 USD
CY2018 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-17176000 USD
CY2019 pnm Increase Decrease In Other Than Temporary Losses Investments Portion Recognizedin Earnings Net Availableforsale Securities
IncreaseDecreaseInOtherThanTemporaryLossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities
3000000.0 USD
CY2018 pnm Increase Decrease In Other Than Temporary Losses Investments Portion Recognizedin Earnings Net Availableforsale Securities
IncreaseDecreaseInOtherThanTemporaryLossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities
9400000 USD
CY2017 pnm Increase Decrease In Other Than Temporary Losses Investments Portion Recognizedin Earnings Net Availableforsale Securities
IncreaseDecreaseInOtherThanTemporaryLossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities
3300000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
0 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.040
CY2019 pnm Defined Benefit Plans Gains And Losses That Lie Outside Corridor Amortized In Years
DefinedBenefitPlansGainsAndLossesThatLieOutsideCorridorAmortizedInYears
P5Y
CY2019 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.75
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6400000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7100000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6200000 USD
CY2019Q4 pnm Budgeted Future Construction Expenditures Year One
BudgetedFutureConstructionExpendituresYearOne
811700000 USD
CY2019Q4 pnm Budgeted Future Construction Expenditures Year Two
BudgetedFutureConstructionExpendituresYearTwo
992400000 USD
CY2019Q4 pnm Budgeted Future Construction Expenditures Year Three
BudgetedFutureConstructionExpendituresYearThree
694600000 USD
CY2019Q4 pnm Budgeted Future Construction Expenditures Year Four
BudgetedFutureConstructionExpendituresYearFour
771000000.0 USD
CY2019Q4 pnm Budgeted Future Construction Expenditures Year Five
BudgetedFutureConstructionExpendituresYearFive
546400000 USD
CY2019Q4 pnm Total Budgeted Construction Expenditures
TotalBudgetedConstructionExpenditures
3816100000 USD
CY2019Q4 pnm Asset Retirement Obligation Liabilities Relatedto Nuclear Decommissioning
AssetRetirementObligationLiabilitiesRelatedtoNuclearDecommissioning
0.76
CY2016Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
127519000 USD
CY2017 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1854000 USD
CY2017 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
968000 USD
CY2017 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10680000 USD
CY2017 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
7594000 USD
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
146679000 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
192000 USD
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
11482000 USD
CY2018 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
705000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
158674000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
987000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
12635000 USD
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
11640000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
181962000 USD
CY2019 pnm Number Of Options For Meeting Bta Standards
NumberOfOptionsForMeetingBTAStandards
7 option
CY2018Q1 pnm Public Utilities Percentof Nonfuel Revenue Requirement Change Implemented
PublicUtilitiesPercentofNonfuelRevenueRequirementChangeImplemented
0.50
CY2016Q3 pnm Public Utilities Numberof Requested Rates
PublicUtilitiesNumberofRequestedRates
2 service_rate
CY2018 us-gaap Other Income Tax Expense Benefit Continuing Operations
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-345000 USD
CY2018Q2 pnm Public Utilities Unrecovered Investment Revenue
PublicUtilitiesUnrecoveredInvestmentRevenue
20200000 USD
CY2017 pnm Tax Cuts And Jobs Act Of2017 Net Regulatory Liability
TaxCutsAndJobsActOf2017NetRegulatoryLiability
548952000 USD
CY2017 pnm Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Deferred Tax Liability Provisional Income Tax Expense Benefit
TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityProvisionalIncomeTaxExpenseBenefit
491491000 USD
CY2017 us-gaap Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
57461000 USD
CY2017 us-gaap Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings Tax Effect
TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarningsTaxEffect
17600000 USD
CY2018 pnm Tax Cuts And Jobs Act Of2017 Net Regulatory Liability
TaxCutsAndJobsActOf2017NetRegulatoryLiability
7175000 USD
CY2018 pnm Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Deferred Tax Liability Provisional Income Tax Expense Benefit
TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityProvisionalIncomeTaxExpenseBenefit
1910000 USD
CY2018 pnm Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Affiliate Receivables Payables Provisional Income Tax Expense Benefit
TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateAffiliateReceivablesPayablesProvisionalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
5265000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
60000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
43000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-244000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-188000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-20372000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
7716000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
119182000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4491000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
648000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
11632000 USD
CY2019 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
-522000 USD
CY2017 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
-286000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25282000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7775000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
130340000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
14038000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
22902000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
79016000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
522000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
345000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
286000 USD
CY2019 pnm Effective Income Tax Rate Reconciliation Deductible Expense Amortization Of Excess Deferred Income Tax
EffectiveIncomeTaxRateReconciliationDeductibleExpenseAmortizationOfExcessDeferredIncomeTax
37799000 USD
CY2018 pnm Effective Income Tax Rate Reconciliation Deductible Expense Amortization Of Excess Deferred Income Tax
EffectiveIncomeTaxRateReconciliationDeductibleExpenseAmortizationOfExcessDeferredIncomeTax
19779000 USD
CY2017 pnm Effective Income Tax Rate Reconciliation Deductible Expense Amortization Of Excess Deferred Income Tax
EffectiveIncomeTaxRateReconciliationDeductibleExpenseAmortizationOfExcessDeferredIncomeTax
0 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
1136000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
712000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
1147000 USD
CY2019 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
2991000 USD
CY2018 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
3173000 USD
CY2017 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
5256000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
298000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1358000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5398000 USD
CY2019 pnm Effective Income Tax Rate Reconciliation State Nol Carryforward Impairment
EffectiveIncomeTaxRateReconciliationStateNOLCarryforwardImpairment
0 USD
CY2018 pnm Effective Income Tax Rate Reconciliation State Nol Carryforward Impairment
EffectiveIncomeTaxRateReconciliationStateNOLCarryforwardImpairment
0 USD
CY2017 pnm Effective Income Tax Rate Reconciliation State Nol Carryforward Impairment
EffectiveIncomeTaxRateReconciliationStateNOLCarryforwardImpairment
819000 USD
CY2019 pnm Effective Income Tax Rate Reconciliation Allowanceforequityfundsusedduringconstruction
EffectiveIncomeTaxRateReconciliationAllowanceforequityfundsusedduringconstruction
-1990000 USD
CY2018 pnm Effective Income Tax Rate Reconciliation Allowanceforequityfundsusedduringconstruction
EffectiveIncomeTaxRateReconciliationAllowanceforequityfundsusedduringconstruction
-2185000 USD
CY2017 pnm Effective Income Tax Rate Reconciliation Allowanceforequityfundsusedduringconstruction
EffectiveIncomeTaxRateReconciliationAllowanceforequityfundsusedduringconstruction
-3331000 USD
CY2019 pnm Effective Income Tax Rate Reconciliation Impairmentof Charitable Contribution Carryforwards
EffectiveIncomeTaxRateReconciliationImpairmentofCharitableContributionCarryforwards
0 USD
CY2018 pnm Effective Income Tax Rate Reconciliation Impairmentof Charitable Contribution Carryforwards
EffectiveIncomeTaxRateReconciliationImpairmentofCharitableContributionCarryforwards
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