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.

See the whole filing, with its images and exhibits

Contents

Schedule I - Condensed Financial Information of Parent Company

STATEMENTS OF EARNINGS

	Year ended December 31,
	2024	2023	2022
(In thousands)
Operating Revenues	$—	$—	$—
Operating Expenses	9,406	4,972	6,199
Operating (loss)	(9,406)	(4,972)	(6,199)
Other Income and Deductions:
Equity in earnings of subsidiaries	299,867	133,628	197,860
Other income	1,427	2,245	663
Net other income and (deductions)	301,294	135,873	198,523
Interest Charges	64,916	58,934	30,430
Earnings Before Income Taxes	226,972	71,967	161,894
Income Tax (Benefit)	(15,182)	(15,851)	(7,636)
Net Earnings	$242,154	$87,818	$169,530

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STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2024	2023	2022
(In thousands)
Cash Flows From Operating Activities:
Net Cash Flows From Operating Activities	$(36,927)	$(31,368)	$(10,261)
Cash Flows From Investing Activities:
Additions to non-utility plant	839	1,138	1,136
Investments in subsidiaries	(112,000)	(85,500)	(70,200)
Cash dividends from subsidiaries	153,000	—	153,500
Net cash flows from investing activities	41,839	(84,362)	84,436
Cash Flows From Financing Activities:
Short-term borrowings (repayments) -affiliate, net	21,100	(5,300)	(700)
Revolving credit facility borrowings	822,000	837,000	640,400
Revolving credit facility repayments	(797,400)	(777,100)	(685,900)
Long-term borrowings	550,000	500,000	100,000
Repayment of long-term debt	(539,000)	(500,000)	—
Issuance of common stock	98,601	198,177	—
Awards of common stock	(8,460)	(9,646)	(7,980)
Dividends paid	(139,811)	(126,177)	(119,311)
Other, net	(11,945)	(1,221)	(686)
Net cash flows from financing activities	(4,915)	115,733	(74,177)
Change in Cash and Cash Equivalents	(3)	3	(2)
Cash and Cash Equivalents at Beginning of Period	64	61	63
Cash and Cash Equivalents at End of Period	$61	$64	$61
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	$71,917	$47,122	$29,904
Income taxes paid (refunded), net	$(1,707)	$350	$(2,500)

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BALANCE SHEETS

	December 31,
	2024	2023
(In thousands)
Assets
Cash and cash equivalents	$61	$64
Intercompany receivables	—	55,575
Derivative instruments	—	7,172
Income taxes receivable	15,326	8,266
Other current assets	15	133
Total current assets	15,402	71,210
Property, plant and equipment, net of accumulated depreciation of $19,650 and $18,810	19,536	20,374
Investment in subsidiaries	3,625,611	3,345,400
Other long-term assets	48,312	44,628
Total long-term assets	3,693,459	3,410,402
	$3,708,861	$3,481,612
Liabilities and Stockholders’ Equity
Short-term debt	93,900	69,300
Short-term debt-affiliate	30,319	9,219
Current installments of long-term debt	50,967	—
Intercompany payables	1,999	—
Accrued interest and taxes	6,428	14,650
Dividends declared	36,757	34,953
Other current liabilities	571	184
Total current liabilities	220,941	128,306
Long-term debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs	948,731	999,151
Other long-term liabilities	2,803	5,062
Total liabilities	1,172,475	1,132,519
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	887,650	787,110
Total common stockholders’ equity	2,536,386	2,349,093
	$3,708,861	$3,481,612

See Notes 7, 8, 11, and 16 for information regarding commitments, contingencies, and maturities of long-term debt.

B - 114

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.