PUBLIC SERVICE CO OF NEW MEXICO

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

TXNM$58.28+0.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	December 31,
	2023	2022
(In thousands)
ASSETS
Current Assets:
Cash and cash equivalents	$858	$2,985
Accounts receivable, net of allowance for credit losses of $3,388 and $4,925	94,879	151,386
Unbilled revenues	46,925	45,282
Other receivables	51,975	13,877
Affiliate receivables	9,253	8,868
Materials, supplies, and fuel stock	81,572	55,890
Regulatory assets	72,996	18,333
Prepaid assets	9,941	10,085
Income taxes receivable	7,682	18,233
Other current assets	1,756	20,706
Total current assets	377,837	345,645
Other Property and Investments:
Investment securities	444,408	417,476
Other investments	69	76
Non-utility property, including financing leases	13,538	11,695
Total other property and investments	458,015	429,247
Utility Plant:
Plant in service, held for future use, and to be abandoned	6,151,510	6,007,464
Less accumulated depreciation and amortization	1,976,657	1,908,644
	4,174,853	4,098,820
Construction work in progress	490,178	300,772
Nuclear fuel, net of accumulated amortization of $35,840 and $43,985	74,671	95,223
Net utility plant	4,739,702	4,494,815
Deferred Charges and Other Assets:
Regulatory assets	838,727	763,941
Goodwill	51,632	51,632
Operating lease right-of-use assets, net of accumulated amortization	180,370	52,556
Other deferred charges	166,782	134,330
Total deferred charges and other assets	1,237,511	1,002,459
	$6,813,065	$6,272,166

B - 22

	December 31,
	2023	2022
(In thousands, except shareinformation)
LIABILITIES AND STOCKHOLDER’S EQUITY
Current Liabilities:
Short-term debt	$137,500	$185,900
Current installments of long-term debt (includes $2,529 and $0 related to ETBC I)	200,222	184,793
Accounts payable	141,704	163,522
Affiliate payables	16,388	14,919
Customer deposits	6,237	6,117
Accrued interest and taxes	41,337	35,797
Regulatory liabilities	134,846	7,913
Operating lease liabilities	11,371	17,239
Dividends declared	132	132
Transmission interconnection arrangement liabilities	96,870	20,473
Other current liabilities	52,587	55,350
Total current liabilities	839,194	692,155
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $338,521 and $0 related to ETBC I)	2,061,558	1,816,107
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes	684,037	682,040
Regulatory liabilities	565,021	556,989
Asset retirement obligations	244,633	222,549
Accrued pension liability and postretirement benefit cost	19,949	32,007
Operating lease liabilities	166,191	39,633
Other deferred credits	220,178	258,833
Total deferred credits and liabilities	1,900,009	1,792,051
Total liabilities	4,800,761	4,300,313
Commitments and Contingencies (See Note 16)
Cumulative Preferred Stock
without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)	11,529	11,529
Equity:
PNM common stockholder’s equity:
Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares)	1,547,918	1,547,918
Accumulated other comprehensive income (loss), net of income taxes	(66,505)	(74,335)
Retained earnings	469,404	433,747
Total PNM common stockholder’s equity	1,950,817	1,907,330
Non-controlling interest in Valencia	49,958	52,994
Total equity	2,000,775	1,960,324
	$6,813,065	$6,272,166

B - 23

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.