PNM Resources, Inc. (Holding Co.) (PNM) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments424546283
Cash and cash equivalents424546283
Receivables148158155190157157149
Inventory, net of allowances, customer advances and progress billings78726773676467
Inventory78726773676467
Derivative instruments and hedges, assets 1154114
Regulatory current assets753414824
Income taxes receivable7
Deferred tax assets    (26)(59)
Other current assets44544773825835
Other undisclosed current assets121118282993171
Total current assets:294303294378386433402
Noncurrent Assets
Finance lease, right-of-use asset9
Operating lease, right-of-use asset131
Property, plant and equipment161194246208205190132
Long-term investments and receivables454355394330260252229
Long-term investments454355341274260252229
Accounts and financing receivable, after allowance for credit loss  5357   
Intangible assets, net (including goodwill)278278278278278278278
Goodwill278278278278278278278
Derivative instruments and hedges 34 3 3
Regulated entity, other noncurrent assets557599601501471491524
Deferred tax assets, net     (827)
Other undisclosed noncurrent assets5,4145,1344,8304,7754,4084,1854,760
Total noncurrent assets:7,0056,5636,3526,0935,6245,3975,099
TOTAL ASSETS:7,2996,8666,6466,4716,0095,8295,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities128135143106118126110
Accounts payable10311212187100110110
Interest and dividends payable252321191816 
Deferred revenue11
Debt704236562560376439224
Derivative instruments and hedges, liabilities 112213
Regulatory liability19241621
Customer advances and deposits11111213
Contract with customer, liability11
Other liabilities47555459597077
Other undisclosed current liabilities77656262585478
Total current liabilities:967512836805641704493
Noncurrent Liabilities
Long-term debt and lease obligation2,5172,6702,1812,1191,9671,6421,670
Long-term debt, excluding current maturities2,5172,6702,1812,1191,9671,6421,670
Liabilities, other than long-term debt, including:2,0611,9191,8571,7901,6631,6761,575
Deferred revenue and credits132141134104136
Pension and other postretirement defined benefit plans, liabilities80
Asset retirement obligations18215914712811210496
Deferred tax liabilities, net601547941877891801
Deferred income tax liabilities626
Liability, pension and other postretirement and postemployment benefits951009412673111
Regulatory liability866891934456467466461
Derivative instruments and hedges, liabilities 34  01
Other undisclosed liabilities, other than long-term debt291165     
Total noncurrent liabilities:4,5784,5894,0373,9103,6303,3183,245
Total liabilities:5,5455,1014,8734,7154,2724,0233,738
Stockholders' equity
Stockholders' equity attributable to parent1,6791,6881,6951,6761,6551,7221,674
Common stock1,1511,1531,1581,1641,1661,1741,178
Accumulated other comprehensive loss(99)(109)(96)(92)(71)(62)(58)
Retained earnings628644634605560609553
Stockholders' equity attributable to noncontrolling interest63646669717477
Total stockholders' equity:1,7421,7531,7611,7451,7261,7951,751
Other undisclosed liabilities and equity12121212121212
TOTAL LIABILITIES AND EQUITY:7,2996,8666,6466,4716,0095,8295,500

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,4581,4371,4451,3631,4391,4361,388
Revenue, net1,4451,3631,4391,4361,388
Cost of revenue(268)(241)(639)(590)(651)(644)(602)
Cost of goods and services sold(268)(241)(639)(590)(651)(644)(599)
Gross profit:1,1901,195806773789792786
Operating expenses(822)(188)(186)(192)(179)(179)(186)
Other operating income (expense), net
(Other Expenses)
     (10)22
Other undisclosed operating loss(224)(771)(313)(304)(485)(302)(334)
Operating income:144236306278124300287
Nonoperating income4404746374020
Investment income, nonoperating     1910
Other nonoperating income4404746372110
Interest and debt expense(121)(127)(128)(129)(115)(120)(125)
Income from continuing operations before equity method investments, income taxes:6710922619546220182
Other undisclosed loss from continuing operations before income taxes     (19)(7)
Income from continuing operations before income taxes:6710922619546201175
Income tax expense (benefit)25(8)(130)(63)(15)(70)(60)
Net income:921019513231131116
Net loss attributable to noncontrolling interest(14)(15)(15)(15)(15)(14)(15)
Other undisclosed net loss attributable to parent  (1)(1)(1)(1)(1)
Net income attributable to parent:78868011716116101
Other undisclosed net loss available to common stockholders, basic(1)(1)     
Net income available to common stockholders, diluted:77868011716116101

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:921019513231131116
Other comprehensive income (loss)9(2)14(21)(10)(4)23
Comprehensive income:10110011011121127139
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(14)(15)(15)(15)(15)(14)15
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)(1)(1)(1)(1)(1)(30)
Comprehensive income, net of tax, attributable to parent:878494966113124

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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