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$58.10-0.3%Stored close · as of Nov 10, 2026

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

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Contents

Item 8. Consolidated Balance Sheets

	December 31,
	2024	2023
(In thousands)
ASSETS
Current Assets:
Cash and cash equivalents	$233	$—
Accounts receivable	34,419	31,412
Unbilled revenues	16,193	17,147
Other receivables	15,144	26,983
Materials and supplies	24,351	16,462
Regulatory assets	5,268	50
Other current assets	4,908	2,705
Total current assets	100,516	94,759
Other Property and Investments:
Other investments	75	102
Non-utility property, including financing leases	13,137	14,746
Total other property and investments	13,212	14,848
Utility Plant:
Plant in service and plant held for future use	3,635,550	3,210,870
Less accumulated depreciation and amortization	616,741	582,140
	3,018,809	2,628,730
Construction work in progress	165,527	91,274
Net utility plant	3,184,336	2,720,004
Deferred Charges and Other Assets:
Regulatory assets	104,693	75,654
Goodwill	226,665	226,665
Operating lease right-of-use assets, net of accumulated amortization	923	1,814
Other deferred charges	18,780	11,287
Total deferred charges and other assets	351,061	315,420
	$3,649,125	$3,145,031

B - 28

	December 31,
	2024	2023
(In thousands, except shareinformation)
LIABILITIES AND STOCKHOLDER’S EQUITY
Current Liabilities:
Short-term debt	$151,600	$55,100
Current installments of long-term debt	—	79,947
Accounts payable	67,116	51,620
Affiliate payables	7,339	6,932
Accrued interest and taxes	56,740	57,558
Regulatory liabilities	602	5,159
Operating lease liabilities	713	895
Other current liabilities	6,964	12,084
Total current liabilities	291,074	269,295
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs	1,464,079	1,180,933
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes	208,107	178,748
Regulatory liabilities	230,037	206,296
Asset retirement obligations	955	898
Accrued pension liability and postretirement benefit cost	998	1,480
Operating lease liabilities	167	809
Other deferred credits	88,519	68,911
Total deferred credits and other liabilities	528,783	457,142
Total liabilities	2,283,936	1,907,370
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	870,066	846,066
Retained earnings	495,059	391,531
Total common stockholder’s equity	1,365,189	1,237,661
	$3,649,125	$3,145,031

B - 29

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.