PNM Resources Inc. (Holding Co.) (PNM) Financial Statements (2025 and earlier)

Company Profile

Business Address 414 SILVER AVE. SW
ALBUQUERQUE, NM 87102-3289
State of Incorp. NM
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,2352,9882,2157,7687,6404,132
Cash and cash equivalents3,2352,9882,2157,7687,6404,132
Restricted cash and investments17,0858,922    
Receivables246,291166,312197,060245,347191,492183,504
Inventory, net of allowances, customer advances and progress billings115,144104,49198,03483,39181,01764,290
Inventory115,144104,49198,03483,39181,01764,290
Prepaid expense30,27816,79219,75921,70523,41721,900
Derivative instruments and hedges, assets27,10024,600 19,50016,90014,500
Regulatory asset59,39761,45373,04699,38859,99944,740
Other current assets21,58815,9998,9205,9099,83911,329
Other undisclosed current assets17,5366,28676,5096,21914,3337,504
Total current assets:537,654407,843475,543489,227404,637351,899
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization23,82424,73126,07626,29225,77225,533
Operating lease, right-of-use asset177,285179,480182,201185,98950,10452,675
Property, plant and equipment727,130693,502589,834717,353593,995491,565
Long-term investments and receivables229448,357564,149540,118539,797533,679
Long-term investments229448,357564,149540,118539,797533,679
Intangible assets, net (including goodwill)278,297278,297278,297278,297278,297278,297
Goodwill278,297278,297278,297278,297278,297278,297
Regulated entity, other noncurrent assets929,893930,752914,381924,487932,294933,713
Other undisclosed noncurrent assets7,909,0987,294,6917,222,1246,889,0786,802,0746,685,775
Total noncurrent assets:10,045,7569,849,8109,777,0629,561,6149,222,3339,001,237
TOTAL ASSETS:10,583,41010,257,65310,252,60510,050,8419,626,9709,353,136
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 140,436168,555240,260188,711147,725153,930
Accounts payable 140,304133,470205,175157,035147,593122,254
Accrued liabilities 13235,08535,08531,67613231,676
Deferred revenue 6,4546,2566,2376,2596,2276,317
Debt 567,170528,276542,069907,934748,838819,301
Regulatory liability 76,131108,429140,005122,8953,22613,668
Other liabilities 114,34471,25194,39789,72795,56496,278
Other undisclosed current liabilities234,102224,361207,792163,047106,659105,971
Total current liabilities:1,138,6371,107,1281,230,7601,478,5731,108,2391,195,465
Noncurrent Liabilities
Long-term debt and lease obligation4,596,9944,355,0494,241,6423,902,6873,927,6253,668,079
Long-term debt, excluding current maturities4,596,9944,355,0494,241,6423,902,6873,927,6253,668,079
Liabilities, other than long-term debt, including:2,384,5702,379,2172,369,6232,371,6682,265,9812,213,261
Asset retirement obligations247,653246,908245,531228,343227,592225,017
Deferred income tax liabilities854,174835,835845,280859,173861,445838,995
Liability, pension and other postretirement and postemployment benefits16,16818,70021,42927,74829,48731,052
Regulatory liability776,424777,752771,317764,360766,343756,561
Operating lease, liability159,592165,842167,000168,84934,65840,238
Other undisclosed liabilities, other than long-term debt330,559334,180319,066323,195346,456321,398
Total noncurrent liabilities:6,981,5646,734,2666,611,2656,274,3556,193,6065,881,340
Total liabilities:8,120,2017,841,3947,842,0257,752,9287,301,8457,076,805
Equity
Equity, attributable to parent2,402,7482,355,7312,349,0932,235,2112,262,2432,212,191
Common stock1,625,2511,623,9911,624,8231,425,3421,423,8271,424,198
Accumulated other comprehensive loss(69,900)(67,608)(62,840)(62,420)(59,235)(64,354)
Retained earnings847,397799,348787,110872,289897,651852,347
Equity, attributable to noncontrolling interest48,93248,99949,95851,17351,35352,611
Total equity:2,451,6802,404,7302,399,0512,286,3842,313,5962,264,802
Other undisclosed liabilities and equity11,52911,52911,52911,52911,52911,529
TOTAL LIABILITIES AND EQUITY:10,583,41010,257,65310,252,60510,050,8419,626,9709,353,136

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues488,102436,877412,114505,851477,156544,077
Cost of revenue
(Cost of Goods and Services Sold)
(94,413)(93,187)(82,098)(80,192)(79,139)(78,074)
Other undisclosed gross profit(195,191)(167,762)(219,701)(248,481)(216,390)(279,292)
Gross profit:198,498175,928110,315177,178181,627186,711
Operating expenses(59,581)(55,427)(646,364)(58,481)(54,039)(55,110)
Other undisclosed operating income (loss)(33,234)(39,911)489,316(32,045)(35,258)(32,510)
Operating income (loss):105,68380,590(46,733)86,65292,33099,091
Nonoperating income15,55015,54710,0346,20116,58016,728
Investment income, nonoperating4,4704,580(15,568)5,3665,3594,843
Other nonoperating income11,08010,96725,60283511,22111,885
Interest and debt expense(294)(53,762)(53,695)(49,838)(45,899)(40,923)
Income (loss) from continuing operations before equity method investments, income taxes:120,93942,375(90,394)43,01563,01174,896
Other undisclosed income (loss) from continuing operations before income taxes(60,004)(4,580)15,568(5,366)(5,359)(4,843)
Income (loss) from continuing operations before income taxes:60,93537,795(74,826)37,64957,65270,053
Income tax expense (benefit)(8,971)12,57129,0925,267(8,229)(9,780)
Net income (loss):51,96450,366(45,734)42,91649,42360,273
Net loss attributable to noncontrolling interest(3,783)(3,044)(4,361)(5,058)(3,987)(5,127)
Net income (loss) attributable to parent:48,18147,322(50,095)37,85845,43655,146
Other undisclosed net loss available to common stockholders, basic(132)(132)(132)(132)(132)(132)
Net income (loss) available to common stockholders, diluted:48,04947,190(50,227)37,72645,30455,014

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):51,96450,366(45,734)42,91649,42360,273
Other comprehensive income (loss)(2,292)(4,768)(420)(3,185)5,1191,694
Comprehensive income (loss):49,67245,598(46,154)39,73154,54261,967
Comprehensive loss, net of tax, attributable to noncontrolling interest(3,783)(3,044)(4,361)(5,058)(3,987)(5,127)
Other undisclosed comprehensive loss, net of tax, attributable to parent(132)(132)(132)(132)(132)(132)
Comprehensive income (loss), net of tax, attributable to parent:45,75742,422(50,647)34,54150,42356,708

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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