PNM Resources, Inc. (Holding Co.) (PNM) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments148424546
Cash and cash equivalents148424546
Receivables186175148158155190157
Inventory, net of allowances, customer advances and progress billings65667872677367
Inventory65667872677367
Prepaid expense37      
Derivative instruments and hedges, assets   1154
Regulatory current assets15075341
Other current assets2654454477382
Other undisclosed current assets19241211182829
Total current assets:325377294303294378386
Noncurrent Assets
Finance lease, right-of-use asset22219
Operating lease, right-of-use asset80105131
Property, plant and equipment249219161194246208205
Long-term investments and receivables553531454355394330260
Long-term investments553531454355341274260
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 assets514558557599601501471
Other undisclosed noncurrent assets6,6475,8515,4145,1344,8304,7754,408
Total noncurrent assets:8,3427,5627,0056,5636,3526,0935,624
TOTAL ASSETS:8,6677,9407,2996,8666,6466,4716,009
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities173198128135143106118
Accounts payable17316910311212187100
Interest and dividends payable0282523211918
Deferred revenue5711
Debt242608704236562560376
Derivative instruments and hedges, liabilities   1122
Regulatory liability87192416
Customer advances and deposits111112
Contract with customer, liability11
Other liabilities99634755545959
Other undisclosed current liabilities137967765626258
Total current liabilities:664978967512836805641
Noncurrent Liabilities
Long-term debt and lease obligation3,5762,8012,5172,6702,1812,1191,967
Long-term debt, excluding current maturities3,5202,7202,5172,6702,1812,1191,967
Operating lease, liability5681 
Liabilities, other than long-term debt, including:2,2492,1232,0611,9191,8571,7901,663
Deferred revenue and credits132141134
Asset retirement obligations234183182159147128112
Deferred tax liabilities, net601547941877
Deferred income tax liabilities765695626
Liability, pension and other postretirement and postemployment benefits1958951009412673
Regulatory liability841850866891934456467
Derivative instruments and hedges, liabilities   34  
Other undisclosed liabilities, other than long-term debt389336291165   
Other undisclosed noncurrent liabilities(56)(81)     
Total noncurrent liabilities:5,7684,8424,5784,5894,0373,9103,630
Total liabilities:6,4325,8205,5455,1014,8734,7154,272
Stockholders' equity
Stockholders' equity attributable to parent2,1682,0491,6791,6881,6951,6761,655
Common stock1,4291,4301,1511,1531,1581,1641,166
Accumulated other comprehensive loss(72)(79)(99)(109)(96)(92)(71)
Retained earnings810699628644634605560
Stockholders' equity attributable to noncontrolling interest55596364666971
Total stockholders' equity:2,2232,1081,7421,7531,7611,7451,726
Other undisclosed liabilities and equity12121212121212
TOTAL LIABILITIES AND EQUITY:8,6677,9407,2996,8666,6466,4716,009

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,7801,5231,4581,4371,4451,3631,439
Revenue, net1,4451,3631,439
Cost of revenue
(Cost of Goods and Services Sold)
(284)(276)(268)(241)(639)(590)(651)
Gross profit:1,4961,2471,1901,195806773789
Operating expenses(773)(731)(822)(188)(186)(192)(179)
Other undisclosed operating loss(415)(231)(224)(771)(313)(304)(485)
Operating income:308285144236306278124
Nonoperating income
(Other Nonoperating income)
3337440474637
Interest and debt expense(97)(114)(121)(127)(128)(129)(115)
Income from continuing operations before income taxes:2442086710922619546
Income tax expense (benefit)(33)(21)25(8)(130)(63)(15)
Net income:212187921019513231
Net loss attributable to noncontrolling interest(15)(14)(14)(15)(15)(15)(15)
Other undisclosed net loss attributable to parent    (1)(1)(1)
Net income attributable to parent:19617378868011716
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)   
Net income available to common stockholders, diluted:19617377868011716

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:212187921019513231
Other comprehensive income (loss)7209(2)14(21)(10)
Comprehensive income:21920810110011011121
Comprehensive loss, net of tax, attributable to noncontrolling interest(15)(14)(14)(15)(15)(15)(15)
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:203193878494966

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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