PNM Resources (PNM) Financial Statements
Price: $41.77
Market Cap: $3.77B
Avg Volume: 693.90K
Market Cap: $3.77B
Avg Volume: 693.90K
Country: US
Industry: Regulated Electric
Sector: Utilities
Industry: Regulated Electric
Sector: Utilities
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of PNM Resources.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.94B | $2.25B | $1.78B | $1.52B | $1.46B | $1.44B | $1.45B | $1.36B | $1.44B | $1.44B |
| Cost of Revenue | $1.31B | $1.14B | $788.78M | $585.22M | $555.36M | $549.20M | $544.93M | $526.78M | $641.40M | $657.19M |
| Gross Profit | $627.10M | $1.11B | $991.09M | $937.79M | $902.25M | $887.41M | $900.07M | $836.17M | $797.68M | $778.66M |
| Gross Profit Ratio | 32.30% | 49.53% | 55.70% | 61.57% | 61.90% | 61.77% | 62.29% | 61.35% | 55.43% | 54.23% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $227.90M | $321.83M | $311.63M | $294.28M | $259.09M | $264.90M | $257.92M | $257.74M | $248.26M | $237.68M |
| Selling and Marketing Expenses | $- | $- | $81.33M | $77.94M | $69.86M | $76.43M | $71.58M | $66.23M | $69.16M | $66.57M |
| Selling General and Administrative Expenses | $227.90M | $321.83M | $311.63M | $294.28M | $259.09M | $264.90M | $257.92M | $257.74M | $248.26M | $237.68M |
| Other Expenses | $-95.94M | $397.84M | $370.12M | $357.14M | $347.86M | $1.89M | $3.82M | $4.01M | $14.11M | $1.57M |
| Operating Expenses | $323.84M | $719.67M | $681.74M | $651.41M | $606.95M | $585.76M | $566.55M | $543.17M | $505.86M | $477.90M |
| Cost and Expenses | $1.64B | $1.85B | $1.47B | $1.24B | $1.16B | $1.13B | $1.11B | $1.07B | $1.15B | $1.14B |
| Interest Income | $21.96M | $16.09M | $14.66M | $14.22M | $14.02M | $15.54M | $15.92M | $22.29M | $6.50M | $8.48M |
| Interest Expense | $190.35M | $127.91M | $96.88M | $114.39M | $121.02M | $127.24M | $127.62M | $128.63M | $114.86M | $119.63M |
| Depreciation and Amortization | $353.69M | $341.12M | $320.21M | $314.67M | $301.07M | $275.64M | $268.19M | $242.03M | $222.86M | $172.63M |
| EBITDA | $622.77M | $644.07M | $645.86M | $616.51M | $577.18M | $506.97M | $610.50M | $561.33M | $346.93M | $483.44M |
| EBITDA Ratio | 32.11% | 29.00% | 34.26% | 37.92% | 39.60% | 39.00% | 40.50% | 41.19% | 37.20% | 33.67% |
| Operating Income | $303.26M | $393.76M | $308.15M | $285.28M | $309.37M | $236.05M | $306.49M | $277.99M | $124.35M | $299.70M |
| Operating Income Ratio | 15.64% | 17.50% | 17.31% | 18.73% | 21.22% | 16.43% | 21.21% | 20.40% | 8.64% | 20.87% |
| Total Other Income Expenses Net | $-140.81M | $-182.45M | $-63.72M | $-77.33M | $-77.35M | $-126.99M | $-80.73M | $-82.81M | $-78.20M | $-99.05M |
| Income Before Tax | $90.53M | $211.31M | $244.43M | $207.95M | $66.85M | $109.06M | $225.76M | $195.17M | $46.15M | $200.65M |
| Income Before Tax Ratio | 4.67% | 9.39% | 13.73% | 13.65% | 4.59% | 7.59% | 15.62% | 14.32% | 3.21% | 13.97% |
| Income Tax Expense | $-16.35M | $26.13M | $32.58M | $20.64M | $-25.28M | $7.78M | $130.34M | $63.28M | $15.07M | $69.74M |
| Net Income | $88.35M | $170.06M | $196.36M | $173.30M | $77.89M | $86.17M | $80.40M | $117.38M | $16.17M | $116.78M |
| Net Income Ratio | 4.56% | 7.56% | 11.03% | 11.38% | 5.34% | 6.00% | 5.56% | 8.61% | 1.12% | 8.13% |
| EPS | $1.02 | $1.97 | $2.28 | $2.16 | $0.97 | $1.08 | $1.00 | $1.47 | $0.20 | $1.46 |
| EPS Diluted | $1.02 | $1.97 | $2.27 | $2.15 | $0.97 | $1.08 | $1.00 | $1.46 | $0.20 | $1.45 |
| Weighted Average Shares Outstanding | 86.30M | 86.12M | 86.07M | 80.16M | 79.93M | 79.89M | 79.87M | 79.76M | 79.76M | 79.63M |
| Weighted Average Shares Outstanding Diluted | 86.37M | 86.17M | 86.11M | 80.30M | 79.99M | 80.01M | 80.14M | 80.13M | 80.14M | 80.28M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.21M | $4.08M | $1.10M | $47.93M | $3.83M | $2.12M | $3.97M | $4.52M | $46.05M | $28.27M |
| Short Term Investments | $7.20M | $26.84M | $- | $- | $- | $1.08M | $1.09M | $5.22M | $3.81M | $- |
| Cash and Short Term Investments | $2.21M | $4.08M | $1.10M | $47.93M | $3.83M | $2.12M | $3.97M | $4.52M | $46.05M | $28.27M |
| Net Receivables | $273.57M | $269.81M | $204.69M | $198.38M | $160.40M | $169.23M | $144.53M | $179.61M | $185.15M | $196.97M |
| Inventory | $98.03M | $66.73M | $65.06M | $66.42M | $77.93M | $71.83M | $66.50M | $73.03M | $67.39M | $63.63M |
| Other Current Assets | $101.72M | $70.35M | $53.74M | $64.75M | $51.84M | $58.26M | $78.33M | $120.88M | $86.99M | $143.94M |
| Total Current Assets | $475.54M | $410.98M | $324.60M | $377.48M | $294.01M | $302.52M | $294.42M | $378.04M | $385.57M | $432.82M |
| Property Plant Equipment Net | $7.82B | $7.06B | $6.86B | $6.09B | $5.61B | $5.24B | $4.98B | $4.91B | $4.54B | $4.27B |
| Goodwill | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M |
| Intangible Assets | $- | $278.30M | $278.30M | $278.30M | $278.30M | $- | $- | $- | $278.30M | $- |
| Goodwill and Intangible Assets | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M |
| Long Term Investments | $564.15M | $508.27M | $552.55M | $531.05M | $454.35M | $355.10M | $340.54M | $273.52M | $259.65M | $261.44M |
| Tax Assets | $-2.21B | $368.20M | $764.85M | $694.51M | $626.06M | $600.72M | $547.21M | $940.65M | $877.39M | $891.11M |
| Other Non-Current Assets | $3.32B | $635.99M | $-111.26M | $-35.84M | $36.38M | $90.88M | $202.01M | $-307.55M | $-330.35M | $-307.76M |
| Total Non-Current Assets | $9.78B | $8.85B | $8.34B | $7.56B | $7.00B | $6.56B | $6.35B | $6.09B | $5.62B | $5.40B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $10.25B | $9.26B | $8.67B | $7.94B | $7.30B | $6.87B | $6.65B | $6.47B | $6.01B | $5.83B |
| Account Payables | $205.18M | $215.71M | $172.59M | $169.32M | $103.12M | $112.17M | $121.38M | $86.70M | $100.42M | $110.03M |
| Short Term Debt | $542.07M | $416.79M | $242.04M | $608.42M | $675.77M | $235.90M | $562.29M | $560.45M | $375.58M | $438.67M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $6.24M | $6.12M | $5.09M | $6.61M | $10.59M | $10.70M | $11.03M | $11.37M | $12.22M | $12.55M |
| Other Current Liabilities | $483.52M | $257.87M | $249.58M | $199.93M | $188.59M | $164.38M | $151.97M | $157.96M | $165.12M | $155.59M |
| Total Current Liabilities | $1.23B | $890.37M | $664.21M | $977.66M | $967.48M | $512.45M | $835.64M | $805.11M | $641.12M | $704.28M |
| Long Term Debt | $4.41B | $3.93B | $3.58B | $2.80B | $2.62B | $2.67B | $2.18B | $2.12B | $1.97B | $1.64B |
| Deferred Revenue Non-Current | $1.35B | $342.41M | $333.19M | $255.23M | $185.75M | $165.16M | $131.71M | $140.54M | $133.69M | $103.76M |
| Deferred Tax Liabilities Non-Current | $845.28M | $822.83M | $764.85M | $694.51M | $626.06M | $600.72M | $547.21M | $940.65M | $877.39M | $891.11M |
| Other Non-Current Liabilities | $1.36B | $1.35B | $1.43B | $1.35B | $1.33B | $1.32B | $1.31B | $849.56M | $786.10M | $746.39M |
| Total Non-Current Liabilities | $6.61B | $6.11B | $5.77B | $4.84B | $4.58B | $4.59B | $4.04B | $3.91B | $3.63B | $3.32B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $7.84B | $7.00B | $6.43B | $5.82B | $5.55B | $5.10B | $4.87B | $4.71B | $4.27B | $4.02B |
| Preferred Stock | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M |
| Common Stock | $1.62B | $1.43B | $1.43B | $1.43B | $1.15B | $1.15B | $1.16B | $1.16B | $1.17B | $1.17B |
| Retained Earnings | $787.11M | $828.88M | $810.20M | $698.71M | $627.52M | $643.95M | $633.53M | $604.74M | $559.78M | $609.46M |
| Accumulated Other Comprehensive Income Loss | $-62.84M | $-66.05M | $-71.94M | $-79.18M | $-99.38M | $-108.68M | $-95.94M | $-92.45M | $-71.43M | $-61.76M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-11.53M |
| Total Stockholders Equity | $2.36B | $2.20B | $2.18B | $2.06B | $1.69B | $1.70B | $1.71B | $1.69B | $1.67B | $1.73B |
| Total Equity | $2.41B | $2.26B | $2.23B | $2.12B | $1.75B | $1.76B | $1.77B | $1.76B | $1.74B | $1.81B |
| Total Liabilities and Stockholders Equity | $10.25B | $9.26B | $8.67B | $7.94B | $7.30B | $6.87B | $6.65B | $6.47B | $6.01B | $5.83B |
| Minority Interest | $49.96M | $52.99M | $55.41M | $59.01M | $63.05M | $64.21M | $66.19M | $68.92M | $71.41M | $73.55M |
| Total Liabilities and Total Equity | $10.25B | $9.26B | $8.67B | $7.94B | $7.30B | $6.87B | $6.65B | $6.47B | $6.01B | $5.83B |
| Total Investments | $564.15M | $535.11M | $552.55M | $531.05M | $454.35M | $355.10M | $340.54M | $273.52M | $259.65M | $261.44M |
| Total Debt | $4.96B | $4.37B | $3.84B | $3.44B | $3.33B | $2.91B | $2.74B | $2.68B | $2.34B | $2.08B |
| Net Debt | $4.96B | $4.37B | $3.84B | $3.39B | $3.32B | $2.90B | $2.74B | $2.68B | $2.30B | $2.05B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $106.88M | $185.18M | $211.85M | $187.32M | $92.13M | $101.28M | $95.42M | $131.90M | $31.08M | $130.91M |
| Depreciation and Amortization | $353.69M | $341.12M | $320.21M | $314.67M | $301.07M | $275.64M | $268.19M | $242.03M | $222.86M | $209.87M |
| Deferred Income Tax | $-13.51M | $24.53M | $30.75M | $20.41M | $-25.39M | $8.02M | $130.53M | $63.80M | $16.45M | $72.48M |
| Stock Based Compensation | $7.19M | $7.83M | $9.45M | $8.14M | $6.41M | $7.12M | $6.19M | $5.63M | $4.86M | $5.93M |
| Change in Working Capital | $58.42M | $-59.14M | $-961.00K | $-16.57M | $14.51M | $-39.73M | $28.56M | $-23.10M | $-38.48M | $13.18M |
| Accounts Receivables | $53.23M | $-73.10M | $-25.92M | $-42.03M | $3.80M | $-8.70M | $-1.85M | $2.54M | $-3.30M | $-4.97M |
| Inventory | $-31.30M | $-8.53M | $1.36M | $11.51M | $-6.09M | $-5.33M | $1.47M | $-4.17M | $-180.00K | $5.50M |
| Accounts Payables | $-33.54M | $47.57M | $10.64M | $7.40M | $-272.00K | $-20.71M | $14.47M | $3.16M | $-32.27M | $-2.31M |
| Other Working Capital | $70.02M | $-25.09M | $12.97M | $6.55M | $17.08M | $-4.99M | $14.47M | $-24.63M | $-2.73M | $14.96M |
| Other Non Cash Items | $38.50M | $67.77M | $-23.42M | $-28.26M | $114.42M | $75.90M | $-4.44M | $-4.82M | $150.10M | $-17.49M |
| Net Cash Provided by Operating Activities | $551.17M | $567.28M | $547.87M | $485.70M | $503.16M | $428.23M | $524.46M | $415.45M | $386.87M | $414.88M |
| Investments in Property Plant and Equipment | $-1.08B | $-912.56M | $-935.02M | $-679.03M | $-616.27M | $-501.21M | $-500.46M | $-600.08M | $-558.59M | $-460.66M |
| Acquisitions Net | $-26.25M | $- | $572.00K | $-23.25M | $-38.25M | $-9.00M | $8.34M | $- | $- | $-36.23M |
| Purchases of Investments | $-593.24M | $-564.91M | $-477.67M | $-607.59M | $-513.87M | $-1.01B | $-650.28M | $-538.38M | $-262.55M | $-127.02M |
| Sales Maturities of Investments | $574.20M | $526.45M | $459.87M | $591.00M | $494.53M | $984.53M | $637.49M | $531.15M | $273.87M | $138.75M |
| Other Investing Activities | $32.70M | $674.00K | $-9.00K | $-14.93M | $-37.00K | $56.98M | $38.75M | $-92.06M | $2.74M | $-167.00K |
| Net Cash Used for Investing Activities | $-1.09B | $-950.35M | $-952.26M | $-733.80M | $-673.90M | $-475.72M | $-466.16M | $-699.38M | $-544.53M | $-485.33M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $198.18M | $- | $1.85B | $283.21M | $9.92M | $1.04B | $337.04M | $797.03M | $614.22M | $362.00M |
| Common Stock Repurchased | $-9.65M | $-7.98M | $-10.13M | $1.10B | $-9.92M | $-12.63M | $-13.93M | $-15.45M | $-17.72M | $-17.32M |
| Dividends Paid | $-126.70M | $-119.84M | $-112.97M | $-98.50M | $-92.93M | $-84.96M | $-77.79M | $-70.62M | $-64.25M | $-59.47M |
| Other Financing Activities | $663.80M | $505.88M | $470.53M | $390.70M | $265.37M | $130.61M | $18.95M | $313.01M | $239.68M | $155.66M |
| Net Cash Used Provided by Financing Activities | $537.10M | $386.04M | $357.56M | $292.19M | $172.45M | $45.65M | $-58.85M | $242.39M | $175.43M | $96.19M |
| Effect of Forex Changes on Cash | $-31.37M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-135.00K | $2.97M | $-46.82M | $44.09M | $1.71M | $-1.85M | $-548.00K | $-41.53M | $17.78M | $25.74M |
| Cash at End of Period | $3.94M | $4.08M | $1.10M | $47.93M | $3.83M | $2.12M | $3.97M | $4.52M | $46.05M | $28.27M |
| Cash at Beginning of Period | $4.08M | $1.10M | $47.93M | $3.83M | $2.12M | $3.97M | $4.52M | $46.05M | $28.27M | $2.53M |
| Operating Cash Flow | $551.17M | $567.28M | $547.87M | $485.70M | $503.16M | $428.23M | $524.46M | $415.45M | $386.87M | $414.88M |
| Capital Expenditure | $-1.08B | $-912.56M | $-935.02M | $-679.03M | $-616.27M | $-501.21M | $-500.46M | $-600.08M | $-558.59M | $-460.66M |
| Free Cash Flow | $-524.64M | $-345.27M | $-387.14M | $-193.33M | $-113.11M | $-72.99M | $24.00M | $-184.62M | $-171.72M | $-45.78M |