TXNM ENERGY INC

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

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.

FY2024 · Filed Feb 28, 2025

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,
	2024	2023
(In thousands)
ASSETS
Current Assets:
Cash and cash equivalents	$4,498	$2,215
Accounts receivable, net of allowance for credit losses of $1,398 and $3,388	130,351	126,291
Unbilled revenues	69,176	64,072
Other receivables	37,236	76,509
Materials, supplies, and fuel stock	166,861	98,034
Regulatory assets	41,492	73,046
Prepaid assets	25,452	19,759
Income taxes receivable	7,684	6,697
Other current assets	16,086	8,920
Total current assets	498,836	475,543
Other Property and Investments:
Investment securities	475,524	444,408
Equity investment in NMRD	—	119,570
Other investments	259	171
Non-utility property, including financing leases	28,832	29,367
Total other property and investments	504,615	593,516
Utility Plant:
Plant in service, held for future use, and to be abandoned	10,697,774	9,701,180
Less accumulated depreciation and amortization	2,829,296	2,755,823
	7,868,478	6,945,357
Construction work in progress	495,976	589,834
Nuclear fuel, net of accumulated amortization of $28,245 and $35,840	72,554	74,671
Net utility plant	8,437,008	7,609,862
Deferred Charges and Other Assets:
Regulatory assets	962,003	914,381
Goodwill	278,297	278,297
Operating lease right-of-use assets, net of accumulated amortization	272,894	182,201
Other deferred charges	258,080	198,805
Total deferred charges and other assets	1,771,274	1,573,684
	$11,211,733	$10,252,605

B - 15

	December 31,
	2024	2023
(In thousands, except shareinformation)
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Short-term debt	$609,300	$261,900
Current installments of long-term debt (includes $6,907 and $2,529 related to ETBC I)	611,603	280,169
Accounts payable	204,468	205,175
Customer deposits	6,533	6,237
Accrued interest and taxes	104,756	98,655
Regulatory liabilities	34,173	140,005
Operating lease liabilities	14,293	12,267
Dividends declared	36,889	35,085
Transmission interconnection arrangement liabilities	68,085	96,870
Other current liabilities	84,998	94,397
Total current liabilities	1,775,098	1,230,760
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $331,726 and $338,521 related to ETBC I)	4,311,765	4,241,642
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes	899,392	845,280
Regulatory liabilities	748,738	771,317
Asset retirement obligations	244,618	245,531
Accrued pension liability and postretirement benefit cost	23,065	21,429
Operating lease liabilities	255,376	167,000
Other deferred credits	358,867	319,066
Total deferred credits and other liabilities	2,530,056	2,369,623
Total liabilities	8,616,919	7,842,025
Commitments and Contingencies (See Note 16)
Cumulative Preferred Stock of Subsidiary
without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)	11,529	11,529
Equity:
TXNM common stockholders’ equity:
Common stock (no par value; 200,000,000 and 120,000,000 shares authorized; issued and outstanding 92,659,335 and 90,200,384 shares)	1,724,444	1,624,823
Accumulated other comprehensive income (loss), net of income taxes	(75,708)	(62,840)
Retained earnings	887,649	787,110
Total TXNM common stockholders’ equity	2,536,385	2,349,093
Non-controlling interest in Valencia	46,900	49,958
Total equity	2,583,285	2,399,051
	$11,211,733	$10,252,605

B - 16

ContentsView on SEC.gov

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