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	$2,698	$858
Accounts receivable, net of allowance for credit losses of $1,398 and $3,388	95,932	94,879
Unbilled revenues	52,983	46,925
Other receivables	24,174	51,975
Affiliate receivables	9,241	9,253
Materials, supplies, and fuel stock	142,510	81,572
Regulatory assets	36,224	72,996
Prepaid assets	14,746	9,941
Income taxes receivable	16,309	7,682
Other current assets	16,091	1,756
Total current assets	410,908	377,837
Other Property and Investments:
Investment securities	475,524	444,408
Other investments	184	69
Non-utility property, including financing leases	13,647	13,538
Total other property and investments	489,355	458,015
Utility Plant:
Plant in service, held for future use, and to be abandoned	6,797,493	6,151,510
Less accumulated depreciation and amortization	2,079,363	1,976,657
	4,718,130	4,174,853
Construction work in progress	328,403	490,178
Nuclear fuel, net of accumulated amortization of $28,245 and $35,840	72,554	74,671
Net utility plant	5,119,087	4,739,702
Deferred Charges and Other Assets:
Regulatory assets	857,310	838,727
Goodwill	51,632	51,632
Operating lease right-of-use assets, net of accumulated amortization	271,433	180,370
Other deferred charges	207,554	166,782
Total deferred charges and other assets	1,387,929	1,237,511
	$7,407,279	$6,813,065

B - 22

	December 31,
	2024	2023
(In thousands, except shareinformation)
LIABILITIES AND STOCKHOLDER’S EQUITY
Current Liabilities:
Short-term debt	$363,800	$137,500
Current installments of long-term debt (includes $6,907 and $2,529 related to ETBC I)	560,637	200,222
Accounts payable	123,883	141,704
Affiliate payables	15,695	16,388
Customer deposits	6,533	6,237
Accrued interest and taxes	46,923	41,337
Regulatory liabilities	33,571	134,846
Operating lease liabilities	13,542	11,371
Dividends declared	132	132
Transmission interconnection arrangement liabilities	68,085	96,870
Other current liabilities	50,099	52,587
Total current liabilities	1,282,900	839,194
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $331,726 and $338,521 related to ETBC I)	1,898,955	2,061,558
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes	756,218	684,037
Regulatory liabilities	518,701	565,021
Asset retirement obligations	243,663	244,633
Accrued pension liability and postretirement benefit cost	22,067	19,949
Operating lease liabilities	254,702	166,191
Other deferred credits	234,346	220,178
Total deferred credits and liabilities	2,029,697	1,900,009
Total liabilities	5,211,552	4,800,761
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)	1,602,918	1,547,918
Accumulated other comprehensive income (loss), net of income taxes	(75,708)	(66,505)
Retained earnings	610,088	469,404
Total PNM common stockholder’s equity	2,137,298	1,950,817
Non-controlling interest in Valencia	46,900	49,958
Total equity	2,184,198	2,000,775
	$7,407,279	$6,813,065

B - 23

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.