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

Item 8. Consolidated Balance Sheets

	December 31,
	2023	2022
(In thousands)
ASSETS
Current Assets:
Cash and cash equivalents	$—	$—
Accounts receivable	31,412	32,283
Unbilled revenues	17,147	18,191
Other receivables	26,983	8,552
Materials and supplies	16,462	10,843
Regulatory assets	50	1,932
Other current assets	2,705	2,346
Total current assets	94,759	74,147
Other Property and Investments:
Other investments	102	101
Non-utility property, including financing leases	14,746	14,010
Total other property and investments	14,848	14,111
Utility Plant:
Plant in service and plant held for future use	3,210,870	2,853,130
Less accumulated depreciation and amortization	582,140	578,157
	2,628,730	2,274,973
Construction work in progress	91,274	63,820
Net utility plant	2,720,004	2,338,793
Deferred Charges and Other Assets:
Regulatory assets	75,654	82,745
Goodwill	226,665	226,665
Operating lease right-of-use assets, net of accumulated amortization	1,814	3,426
Other deferred charges	11,287	6,714
Total deferred charges and other assets	315,420	319,550
	$3,145,031	$2,746,601

B - 28

	December 31,
	2023	2022
(In thousands, except shareinformation)
LIABILITIES AND STOCKHOLDER’S EQUITY
Current Liabilities:
Short-term debt	$55,100	$36,700
Current installments of long-term debt	79,947	—
Accounts payable	51,620	34,152
Affiliate payables	6,932	6,273
Accrued interest and taxes	57,558	54,672
Regulatory liabilities	5,159	9,089
Operating lease liabilities	895	1,543
Other current liabilities	12,084	6,336
Total current liabilities	269,295	148,765
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs	1,180,933	1,076,875
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes	178,748	164,637
Regulatory liabilities	206,296	198,213
Asset retirement obligations	898	828
Accrued pension liability and postretirement benefit cost	1,480	792
Operating lease liabilities	809	1,703
Other deferred credits	68,911	52,964
Total deferred credits and other liabilities	457,142	419,137
Total liabilities	1,907,370	1,644,777
Commitments and Contingencies (See Note 16)
Common Stockholder’s Equity:
Common stock ($10 par value; 12,000,000 shares authorized; issued and outstanding 6,358 shares)	64	64
Paid-in-capital	846,066	805,166
Retained earnings	391,531	296,594
Total common stockholder’s equity	1,237,661	1,101,824
	$3,145,031	$2,746,601

B - 29

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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.