PNM Resources, Inc. (Holding Co.) (PNM) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4842454628
Cash and cash equivalents4842454628
Receivables175148158155190157157
Inventory, net of allowances, customer advances and progress billings66787267736764
Inventory66787267736764
Derivative instruments and hedges, assets  115411
Regulatory current assets07534148
Deferred tax assets    (26)
Other current assets65445447738258
Other undisclosed current assets24121118282993
Total current assets:377294303294378386433
Noncurrent Assets
Finance lease, right-of-use asset219
Operating lease, right-of-use asset105131
Property, plant and equipment219161194246208205190
Long-term investments and receivables531454355394330260252
Long-term investments531454355341274260252
Accounts and financing receivable, after allowance for credit loss   5357  
Intangible assets, net (including goodwill)278278278278278278278
Goodwill278278278278278278278
Derivative instruments and hedges  34 3 
Regulated entity, other noncurrent assets558557599601501471491
Other undisclosed noncurrent assets5,8515,4145,1344,8304,7754,4084,185
Total noncurrent assets:7,5627,0056,5636,3526,0935,6245,397
TOTAL ASSETS:7,9407,2996,8666,6466,4716,0095,829
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities198128135143106118126
Accounts payable16910311212187100110
Interest and dividends payable28252321191816
Deferred revenue711
Debt608704236562560376439
Derivative instruments and hedges, liabilities  11221
Regulatory liability71924162
Customer advances and deposits11111213
Contract with customer, liability11
Other liabilities63475554595970
Other undisclosed current liabilities96776562625854
Total current liabilities:978967512836805641704
Noncurrent Liabilities
Long-term debt and lease obligation2,8012,5172,6702,1812,1191,9671,642
Long-term debt, excluding current maturities2,7202,5172,6702,1812,1191,9671,642
Operating lease, liability81 
Liabilities, other than long-term debt, including:2,1232,0611,9191,8571,7901,6631,676
Deferred revenue and credits132141134104
Asset retirement obligations183182159147128112104
Deferred tax liabilities, net601547941877891
Deferred income tax liabilities695626
Liability, pension and other postretirement and postemployment benefits58951009412673111
Regulatory liability850866891934456467466
Derivative instruments and hedges, liabilities  34  0
Other undisclosed liabilities, other than long-term debt336291165    
Other undisclosed noncurrent liabilities(81)      
Total noncurrent liabilities:4,8424,5784,5894,0373,9103,6303,318
Total liabilities:5,8205,5455,1014,8734,7154,2724,023
Stockholders' equity
Stockholders' equity attributable to parent2,0491,6791,6881,6951,6761,6551,722
Common stock1,4301,1511,1531,1581,1641,1661,174
Accumulated other comprehensive loss(79)(99)(109)(96)(92)(71)(62)
Retained earnings699628644634605560609
Stockholders' equity attributable to noncontrolling interest59636466697174
Total stockholders' equity:2,1081,7421,7531,7611,7451,7261,795
Other undisclosed liabilities and equity12121212121212
TOTAL LIABILITIES AND EQUITY:7,9407,2996,8666,6466,4716,0095,829

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,5231,4581,4371,4451,3631,4391,436
Revenue, net1,4451,3631,4391,436
Cost of revenue
(Cost of Goods and Services Sold)
(276)(268)(241)(639)(590)(651)(644)
Gross profit:1,2471,1901,195806773789792
Operating expenses(731)(822)(188)(186)(192)(179)(179)
Other operating expense, net
(Other Expenses)
      (10)
Other undisclosed operating loss(231)(224)(771)(313)(304)(485)(302)
Operating income:285144236306278124300
Nonoperating income3744047463740
Investment income, nonoperating      19
Other nonoperating income3744047463721
Interest and debt expense(114)(121)(127)(128)(129)(115)(120)
Income from continuing operations before equity method investments, income taxes:2086710922619546220
Other undisclosed loss from continuing operations before income taxes      (19)
Income from continuing operations before income taxes:2086710922619546201
Income tax expense (benefit)(21)25(8)(130)(63)(15)(70)
Net income:187921019513231131
Net loss attributable to noncontrolling interest(14)(14)(15)(15)(15)(15)(14)
Other undisclosed net loss attributable to parent   (1)(1)(1)(1)
Net income attributable to parent:17378868011716116
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)    
Net income available to common stockholders, diluted:17377868011716116

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:187921019513231131
Other comprehensive income (loss)209(2)14(21)(10)(4)
Comprehensive income:20810110011011121127
Comprehensive loss, net of tax, attributable to noncontrolling interest(14)(14)(15)(15)(15)(15)(14)
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)(1)(1)(1)(1)(1)(1)
Comprehensive income, net of tax, attributable to parent:193878494966113

Statements sources

The financial statements are based on the company's filings with the 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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