2023 Q3 Form 10-Q Financial Statement

#000110842623000048 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $505.9M $477.2M $499.7M
YoY Change -30.69% -4.52% 17.16%
Cost Of Revenue
YoY Change
Gross Profit $177.2M $181.6M $170.2M
YoY Change -34.19% 6.72%
Gross Profit Margin 35.03% 38.06% 34.06%
Selling, General & Admin $58.48M $54.04M $51.34M
YoY Change 0.61% 5.25% -2.16%
% of Gross Profit 33.01% 29.75% 30.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $88.71M $86.72M $85.27M
YoY Change 3.31% 1.7% 7.52%
% of Gross Profit 50.07% 47.75% 50.1%
Operating Expenses $416.9M $381.1M $411.9M
YoY Change -23.88% -7.49% 16.92%
Operating Profit $86.65M $92.33M $86.39M
YoY Change -52.59% 6.87% 16.43%
Interest Expense $49.84M $45.90M $29.22M
YoY Change 44.35% 57.1% 21.14%
% of Operating Profit 57.52% 49.71% 33.82%
Other Income/Expense, Net $4.555M $3.515M $3.641M
YoY Change 176.56% -3.46% -33.17%
Pretax Income $37.65M $57.65M $20.22M
YoY Change -73.14% 185.17% -69.4%
Income Tax -$5.267M $8.229M $1.094M
% Of Pretax Income -13.99% 14.27% 5.41%
Net Earnings $42.92M $49.42M $19.12M
YoY Change -66.14% 158.45% -66.89%
Net Earnings / Revenue 8.48% 10.36% 3.83%
Basic Earnings Per Share $0.44 $0.53 $0.18
Diluted Earnings Per Share $0.44 $0.53 $0.18
COMMON SHARES
Basic Shares Outstanding 85.83M shares 85.83M shares 86.19M shares
Diluted Shares Outstanding 86.13M shares 86.13M shares 86.23M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.768M $7.640M $3.484M
YoY Change 38.17% 119.29% -81.12%
Cash & Equivalents $7.768M $7.640M $3.484M
Short-Term Investments
Other Short-Term Assets $5.909M $9.839M $1.304M
YoY Change -8.43% 654.52% -97.83%
Inventory $83.39M $81.02M $75.41M
Prepaid Expenses $21.71M $23.42M $25.12M
Receivables $175.2M $121.1M $151.0M
Other Receivables $27.60M $34.11M $25.18M
Total Short-Term Assets $489.2M $404.6M $370.3M
YoY Change 19.39% 9.28% -5.51%
LONG-TERM ASSETS
Property, Plant & Equipment $7.626B $7.294B $7.031B
YoY Change 10.81% 3.75% 12.47%
Goodwill $278.3M $278.3M $278.3M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $118.6M $106.4M $90.16M
YoY Change 30.76% 18.04% 1.87%
Other Assets $1.117B $1.110B $755.0M
YoY Change 12.73% 46.99% 14.84%
Total Long-Term Assets $9.562B $9.222B $8.541B
YoY Change 10.93% 7.98% 10.51%
TOTAL ASSETS
Total Short-Term Assets $489.2M $404.6M $370.3M
Total Long-Term Assets $9.562B $9.222B $8.541B
Total Assets $10.05B $9.627B $8.911B
YoY Change 11.32% 8.03% 9.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $157.0M $147.6M $129.9M
YoY Change 23.17% 13.6% 1.31%
Accrued Expenses $97.98M $78.13M $94.18M
YoY Change -7.1% -17.04% 9.34%
Deferred Revenue $6.259M $6.227M $5.879M
YoY Change 5.78% 5.92% 23.72%
Short-Term Debt $405.5M $326.5M $266.3M
YoY Change 573.59% 22.61% 191.04%
Long-Term Debt Due $502.4M $422.3M $259.6M
YoY Change 172.05% 62.71% 3.81%
Total Short-Term Liabilities $1.479B $1.108B $894.5M
YoY Change 121.85% 23.9% 40.54%
LONG-TERM LIABILITIES
Long-Term Debt $3.903B $3.928B $3.573B
YoY Change 0.24% 9.92% 12.15%
Other Long-Term Liabilities $1.495B $1.387B $1.450B
YoY Change 8.38% -4.3% 3.06%
Total Long-Term Liabilities $3.903B $3.928B $3.573B
YoY Change 0.24% 9.92% 12.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.479B $1.108B $894.5M
Total Long-Term Liabilities $3.903B $3.928B $3.573B
Total Liabilities $7.753B $7.302B $6.714B
YoY Change 14.66% 8.76% 12.58%
SHAREHOLDERS EQUITY
Retained Earnings $872.3M $897.7M $781.9M
YoY Change 3.27% 14.8% 5.39%
Common Stock $1.425B $1.424B $1.426B
YoY Change -0.14% -0.18% 0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.235B $2.262B $2.132B
YoY Change
Total Liabilities & Shareholders Equity $10.05B $9.627B $8.911B
YoY Change 11.32% 8.03% 9.74%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $42.92M $49.42M $19.12M
YoY Change -66.14% 158.45% -66.89%
Depreciation, Depletion And Amortization $88.71M $86.72M $85.27M
YoY Change 3.31% 1.7% 7.52%
Cash From Operating Activities $170.2M $110.9M $101.3M
YoY Change -18.83% 9.57% 14.98%
INVESTING ACTIVITIES
Capital Expenditures $270.9M $272.6M -$265.8M
YoY Change -219.27% -202.55% 63.26%
Acquisitions
YoY Change
Other Investing Activities -$10.69M -$6.194M -$1.476M
YoY Change 109.9% 319.65% 26.26%
Cash From Investing Activities -$281.6M -$278.8M -$267.3M
YoY Change 21.26% 4.3% 63.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 111.6M 171.4M 165.2M
YoY Change 350.96% 3.77% 90.35%
NET CHANGE
Cash From Operating Activities 170.2M 110.9M 101.3M
Cash From Investing Activities -281.6M -278.8M -267.3M
Cash From Financing Activities 111.6M 171.4M 165.2M
Net Change In Cash 128.0K 3.508M -905.0K
YoY Change -94.01% -487.62% -108.28%
FREE CASH FLOW
Cash From Operating Activities $170.2M $110.9M $101.3M
Capital Expenditures $270.9M $272.6M -$265.8M
Free Cash Flow -$100.8M -$161.7M $367.1M
YoY Change -123.07% -144.05% 46.32%

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CY2023Q2 pnm Collaborative Arrangement Owner Obligations Default Amount
CollaborativeArrangementOwnerObligationsDefaultAmount
0 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3475
CY2023Q2 pnm Other Operating Expenses
OtherOperatingExpenses
133235000 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
79139000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
92330000 usd
CY2023Q2 us-gaap Investment Income Net
InvestmentIncomeNet
5359000 usd
CY2023Q2 pnm Other Income Deductions Excluding Interest
OtherIncomeDeductionsExcludingInterest
5862000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
45899000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
57652000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8229000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
49423000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3987000 usd
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
132000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45304000 usd
pnm Other Operating Expenses
OtherOperatingExpenses
258461000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
157213000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
191421000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
10202000 usd
pnm Other Income Deductions Excluding Interest
OtherIncomeDeductionsExcludingInterest
12904000 usd
us-gaap Interest Expense
InterestExpense
86822000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
127705000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45304000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15361000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
100318000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31352000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
85835000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
85835000 shares
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18009000 usd
us-gaap Profit Loss
ProfitLoss
109696000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9114000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
264000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
100318000 usd
CY2023Q2 us-gaap Assets
Assets
9626970000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
278297000 usd
CY2022Q2 pnm Other Operating Expenses
OtherOperatingExpenses
140973000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
76769000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
86392000 usd
CY2022Q2 us-gaap Investment Income Net
InvestmentIncomeNet
3327000 usd
CY2022Q2 pnm Other Income Deductions Excluding Interest
OtherIncomeDeductionsExcludingInterest
-40285000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
29217000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20217000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1094000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
19123000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3630000 usd
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
132000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15361000 usd
pnm Other Operating Expenses
OtherOperatingExpenses
272845000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
152533000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
154460000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
7619000 usd
pnm Other Income Deductions Excluding Interest
OtherIncomeDeductionsExcludingInterest
-64769000 usd
us-gaap Interest Expense
InterestExpense
55437000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41873000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3532000 usd
us-gaap Profit Loss
ProfitLoss
38341000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6725000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
264000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31352000 usd
CY2022Q2 us-gaap Assets
Assets
8911105000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
278297000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
181627000 usd
CY2023Q2 us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
25465000 usd
CY2023Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
72013000 usd
CY2023Q2 pnm Utility Margin
UtilityMargin
304704000 usd
us-gaap Gross Profit
GrossProfit
368338000 usd
us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
47661000 usd
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
143139000 usd
pnm Utility Margin
UtilityMargin
607095000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
170186000 usd
CY2022Q2 us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
21156000 usd
CY2022Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
70293000 usd
CY2022Q2 pnm Utility Margin
UtilityMargin
304134000 usd
us-gaap Gross Profit
GrossProfit
324426000 usd
us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
39622000 usd
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
139725000 usd
pnm Utility Margin
UtilityMargin
579838000 usd
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
85835000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
85835000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
250000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
351000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
258000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
303000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86085000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86186000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86093000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86138000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
39000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
40000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
38000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
60000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
5000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
2000 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86129000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86226000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86133000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86198000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2023Q2 pnm Number Of Regulated Utilities
NumberOfRegulatedUtilities
2 utility
pnm Other Receivables Allowance For Credit Loss Period Increase Decrease
OtherReceivablesAllowanceForCreditLossPeriodIncreaseDecrease
0 usd
CY2023Q2 pnm Other Receivables Allowance For Credit Loss Period Increase Decrease
OtherReceivablesAllowanceForCreditLossPeriodIncreaseDecrease
0 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
462101000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
12467000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
2588000 usd
CY2023Q2 us-gaap Revenues
Revenues
477156000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
993133000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
17226000 usd
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
10874000 usd
us-gaap Revenues
Revenues
1021233000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
488136000 usd
CY2022Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
2579000 usd
CY2022Q2 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
9015000 usd
CY2022Q2 us-gaap Revenues
Revenues
499730000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
929653000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
-2926000 usd
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
17121000 usd
us-gaap Revenues
Revenues
943848000 usd
CY2022Q4 us-gaap Commodity Contract Asset Current
CommodityContractAssetCurrent
11900000 usd
CY2022Q1 pnm Number Of Purchase Power Agreements Non Derivatives
NumberOfPurchasePowerAgreementsNonDerivatives
2 power_purchase_agreement
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
200000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
26190000 usd
CY2023Q2 pnm Contract With Customer Cash Collateral
ContractWithCustomerCashCollateral
0 usd
CY2023Q2 pnm Contract With Customer Liability Net Exposure
ContractWithCustomerLiabilityNetExposure
22743000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
15288000 usd
CY2022Q4 pnm Contract With Customer Cash Collateral
ContractWithCustomerCashCollateral
0 usd
CY2022Q4 pnm Contract With Customer Liability Net Exposure
ContractWithCustomerLiabilityNetExposure
13087000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
2792000 usd
CY2022Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-1061000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
1947000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
3945000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
1142000 usd
CY2022Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-26224000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
8619000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-48259000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
3934000 usd
CY2022Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-27285000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
10566000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-44314000 usd
CY2023Q2 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-157000 usd
CY2022Q2 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-14510000 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-347000 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-24054000 usd
CY2023Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
3777000 usd
CY2022Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-41795000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
10219000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-68368000 usd
CY2023Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3996151000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3726195000 usd
CY2023Q2 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
15900000 usd
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
326500000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
232000000 usd
CY2023Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3100000 usd
pnm Number Of Monitoring Wells Containing Free Phase Hydrocarbon Products
NumberOfMonitoringWellsContainingFreePhaseHydrocarbonProducts
1 monitoringwell
CY2020Q1 pnm Number Of Field Work Reports
NumberOfFieldWorkReports
2 numberofamimeter
CY2020Q3 pnm Number Of Field Work Reports
NumberOfFieldWorkReports
2 numberofamimeter
CY2023Q2 pnm Public Utilities Excess Return On Jurisdictional Equity That Would Require Refund
PublicUtilitiesExcessReturnOnJurisdictionalEquityThatWouldRequireRefund
0.005
CY2023Q2 pnm Regulatory Disallowance
RegulatoryDisallowance
3700000 usd
CY2023Q2 pnm Net Utility Plant Increase Decrease In Leasehold Improvements During The Period
NetUtilityPlantIncreaseDecreaseInLeaseholdImprovementsDuringThePeriod
-88200000 usd
CY2023Q2 pnm Deferred Regulatory Asset Increase Decrease During The Period
DeferredRegulatoryAssetIncreaseDecreaseDuringThePeriod
88200000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
28400000 usd
CY2023Q2 pnm Lessee Operating Lease Payments To Lessor Upon Occurrence Of Certain Events
LesseeOperatingLeasePaymentsToLessorUponOccurrenceOfCertainEvents
13800000 usd
CY2023Q2 pnm Unamortized Cost Of Prepaid Right Of Way Agreements
UnamortizedCostOfPrepaidRightOfWayAgreements
57500000 usd
CY2022Q4 pnm Unamortized Cost Of Prepaid Right Of Way Agreements
UnamortizedCostOfPrepaidRightOfWayAgreements
54600000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
900000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1800000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
900000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2000000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
50104000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
55982000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8825000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18781000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34658000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
41336000 usd
CY2023Q2 pnm Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
46290000 usd
CY2022Q4 pnm Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
39738000 usd
CY2023Q2 pnm Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
20518000 usd
CY2022Q4 pnm Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
16189000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
25772000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
23549000 usd
CY2023Q2 pnm Finance Lease Liability Current Other
FinanceLeaseLiabilityCurrentOther
8565000 usd
CY2022Q4 pnm Finance Lease Liability Current Other
FinanceLeaseLiabilityCurrentOther
7363000 usd
CY2023Q2 pnm Finance Lease Liability Deferred Credits Other
FinanceLeaseLiabilityDeferredCreditsOther
17190000 usd
CY2022Q4 pnm Finance Lease Liability Deferred Credits Other
FinanceLeaseLiabilityDeferredCreditsOther
16123000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y5M4D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M29D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0408
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0408
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2869000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
7206000 usd
CY2023Q2 pnm Operating Lease Capitalized Costs
OperatingLeaseCapitalizedCosts
434000 usd
pnm Operating Lease Capitalized Costs
OperatingLeaseCapitalizedCosts
947000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
2435000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
6259000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2235000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4329000 usd
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
252000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
486000 usd
CY2023Q2 pnm Finance Lease Capitalized Costs
FinanceLeaseCapitalizedCosts
1477000 usd
pnm Finance Lease Capitalized Costs
FinanceLeaseCapitalizedCosts
3167000 usd
CY2023Q2 pnm Finance Lease Cost
FinanceLeaseCost
1010000 usd
pnm Finance Lease Cost
FinanceLeaseCost
1648000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
360000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
622000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
149000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
299000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
3954000 usd
us-gaap Lease Cost
LeaseCost
8828000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
7181000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
14418000 usd
CY2022Q2 pnm Operating Lease Capitalized Costs
OperatingLeaseCapitalizedCosts
630000 usd
pnm Operating Lease Capitalized Costs
OperatingLeaseCapitalizedCosts
1283000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
6551000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
13135000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1583000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3095000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
160000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
301000 usd
CY2022Q2 pnm Finance Lease Capitalized Costs
FinanceLeaseCapitalizedCosts
1327000 usd
pnm Finance Lease Capitalized Costs
FinanceLeaseCapitalizedCosts
2540000 usd
CY2022Q2 pnm Finance Lease Cost
FinanceLeaseCost
416000 usd
pnm Finance Lease Cost
FinanceLeaseCost
856000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
262000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
367000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1147000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2317000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
8376000 usd
us-gaap Lease Cost
LeaseCost
16675000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
16363000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
16381000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
127000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
68000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1474000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
809000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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Files In Submission

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