← TXNM ENERGY INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $185.2m | $106.9m | $258.7m | $169.8m | |
| Net Income (Loss) Attributable to Parent | $116.8m | $79.9m | — | — | — | — | $170.1m | $88.3m | $242.7m | $151.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $116.8m | $79.9m | $85.6m | $77.4m | $172.8m | $195.8m | $169.5m | $87.8m | $242.2m | $151.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $131.9m | $95.4m | $101.3m | $92.1m | $187.3m | $211.8m | $185.2m | $106.9m | $258.7m | $169.8m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $14.5m | $15.0m | $15.1m | $14.2m | $14.0m | $15.5m | $15.1m | $18.5m | $16.0m | $17.9m | |
| Depreciation, Depletion and Amortization | $242.0m | $268.2m | $275.6m | $301.1m | $314.7m | $320.2m | $341.1m | $353.7m | $423.0m | $483.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $341.1m | $353.7m | $423.0m | $483.4m | |
| Deferred Income Tax Expense (Benefit) | $63.8m | $130.5m | $8.0m | ($25.4m) | $20.4m | $30.7m | $24.5m | ($13.5m) | $43.0m | $8.5m | |
| Deferred Other Tax Expense (Benefit) | ($404k) | ($216k) | ($678k) | ($215k) | ($215k) | ($216k) | ($299k) | ($216k) | $0 | $0 | |
| Deferred Income Tax | — | — | — | — | — | — | $24.5m | ($13.5m) | $43.0m | $8.5m | |
| Deferred Tax | — | — | — | — | — | — | $24.5m | ($13.5m) | $43.0m | $8.5m | |
| Share-based Payment Arrangement, Noncash Expense | $5.6m | $6.2m | $7.1m | $6.4m | $8.1m | $9.4m | $7.8m | $7.2m | $9.5m | $8.7m | |
| Share-based Payment Arrangement, Expense | $5.6m | $6.2m | $7.1m | $6.4m | $8.1m | $9.4m | $7.9m | $7.2m | $9.5m | $8.8m | |
| Income Tax Expense (Benefit) | $63.3m | $130.3m | $7.8m | ($25.3m) | $20.6m | $32.6m | $26.1m | ($16.4m) | $21.5m | $10.2m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $228.1m | $271.5m | |
| Operating Lease, Expense | — | — | — | $28.1m | $27.0m | $26.3m | $26.4m | — | — | — | |
| Other Nonoperating Income (Expense) | $45.8m | $46.9m | $254k | $43.7m | $37.1m | $33.2m | ($54.5m) | $49.5m | $54.8m | $10.4m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $4.2m | ($1.5m) | $5.3m | $6.1m | ($11.5m) | ($1.4m) | $8.5m | $31.3m | $33.8m | $14.5m | |
| Increase (Decrease) in Accounts Payable | $3.2m | $14.5m | ($20.7m) | ($272k) | $7.4m | $10.6m | $47.6m | ($33.5m) | $10.0m | $18.3m | |
| Increase (Decrease) in Other Operating Assets | $42.9m | $5.5m | $840k | — | — | — | — | — | — | — | |
| Asset Retirement Obligation, Accretion Expense | $9.2m | $10.7m | $11.5m | $12.6m | $11.3m | $9.3m | $10.8m | $10.2m | $11.5m | $12.0m | |
| Debt and Equity Securities, Gain (Loss) | — | — | ($17.2m) | $29.6m | $21.6m | $16.9m | ($78.4m) | $19.2m | $26.9m | $34.8m | |
| Debt Securities, Realized Gain (Loss) | — | — | ($11.5m) | $5.6m | ($2.0m) | $8.6m | ($33.4m) | $4.0m | $8.6m | $19k | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($5.7m) | $24.0m | $23.6m | $8.3m | ($45.0m) | $15.2m | $18.2m | $34.7m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $4.9m | $5.7m | $5.9m | $8.7m | ($6.9m) | $1.1m | $28.3m | $38.2m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($10.5m) | $18.3m | $17.7m | ($442k) | ($38.0m) | $14.2m | ($10.1m) | ($3.5m) | |
| Gain (Loss) on Investments | $19.5m | $27.2m | ($17.2m) | $29.6m | $21.6m | $16.9m | ($78.4m) | $19.2m | $26.9m | $34.8m | |
| General and Administrative Expense | $191.5m | $186.3m | $188.5m | $189.2m | $216.3m | $230.3m | $227.1m | $227.9m | $247.1m | $274.5m | |
| Goodwill | $278.3m | $278.3m | $278.3m | $278.3m | $278.3m | $278.3m | $278.3m | $278.3m | $278.3m | $278.3m | |
| Investment Income, Interest | $22.3m | $15.9m | $15.5m | $14.0m | $14.2m | $14.7m | $16.1m | $22.0m | $23.5m | $20.1m | |
| Proceeds from Stock Options Exercised | $7.0m | $1.7m | $963k | $943k | $24k | $0 | $0 | — | — | — | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | $4.9m | $9.5m | $10.4m | $9.5m | $11.3m | $13.2m | $13.8m | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | ($1.6m) | ($2.9m) | $0 | — | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $1.1m | $4.1m | $3.9m | $22.1m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $386.0m | $537.1m | $684.4m | $642.5m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($950.3m) | ($1.1b) | ($1.2b) | ($1.2b) | |
| Change In Account Payable | — | — | — | — | — | — | $47.6m | ($33.5m) | $10.0m | $18.3m | |
| Change In Accrued Expense | — | — | — | — | — | — | $9.2m | $17.5m | $5.1m | $18.6m | |
| Change In Interest Payable | — | — | — | — | — | — | $9.2m | $17.5m | $5.1m | $18.6m | |
| Change In Inventory | — | — | — | — | — | — | ($8.5m) | ($31.3m) | ($33.8m) | ($14.5m) | |
| Change In Other Current Assets | — | — | — | — | — | — | $22.2m | ($78.0m) | ($51.6m) | ($63.1m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($56.5m) | $130.5m | ($106.5m) | ($27.9m) | |
| Change In Payable | — | — | — | — | — | — | $47.6m | ($33.5m) | $10.0m | $18.3m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $56.8m | ($16.0m) | $15.1m | $36.9m | |
| Change In Receivables | — | — | — | — | — | — | ($73.1m) | $53.2m | ($13.3m) | ($25.0m) | |
| Change In Working Capital | — | — | — | — | — | — | ($59.1m) | $58.4m | ($190.1m) | ($93.6m) | |
| Changes In Cash | — | — | — | — | — | — | $3.0m | ($135k) | $18.1m | $9.9m | |
| End Cash Position | — | — | — | — | — | — | $4.1m | $3.9m | $22.1m | $32.0m | |
| Financing Cash Flow | — | — | — | — | — | — | $386.0m | $537.1m | $684.4m | $642.5m | |
| Free Cash Flow | — | — | — | — | — | — | ($345.3m) | ($524.6m) | ($738.9m) | ($611.4m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $78.4m | ($19.2m) | ($26.9m) | ($34.8m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | $0 | ($4.4m) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($950.3m) | ($1.1b) | ($1.2b) | ($1.2b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $198.2m | $98.6m | $842.7m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($26.2m) | $104.4m | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($912.6m) | ($1.0b) | ($1.2b) | ($1.2b) | |
| Operating Gains Losses | — | — | — | — | — | — | $78.4m | ($19.2m) | ($31.3m) | $24.0m | |
| Other Non Cash Items | — | — | — | — | — | — | ($10.6m) | $57.7m | ($4.7m) | ($16.4m) | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | — | $0 | $0 | $58.8m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $0 | — | — | — | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($26.2m) | ($12.6m) | $0 | |
| Purchase Of PPE | $600.1m | $500.5m | $501.2m | $616.3m | $679.0m | $935.0m | ($912.6m) | ($1.1b) | ($1.2b) | ($1.2b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($8.0m) | ($9.6m) | ($8.5m) | ($12.0m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $116.9m | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $32.7m | $2.8m | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $7.8m | $7.2m | $9.5m | $8.7m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($466k) | ($356k) | ($160k) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $415.5m | $524.5m | $428.2m | $503.2m | $485.7m | $547.9m | $567.3m | $551.2m | $508.2m | $584.5m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($912.6m) | ($1.1b) | ($1.2b) | ($1.2b) | |
| Payments to Acquire Investments | $122.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($38.5m) | ($19.0m) | ($49.5m) | ($21.1m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($564.9m) | ($593.2m) | ($756.8m) | ($714.4m) | |
| Gain (Loss) on Sale of Investments | $19.5m | $27.2m | ($17.2m) | $29.6m | $21.6m | — | — | — | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $526.4m | $574.2m | $707.3m | $693.3m | |
| Payments for (Proceeds from) Other Investing Activities | ($186k) | ($392k) | ($338k) | $37k | $14.9m | $9k | ($674k) | ($44k) | ($14.9m) | $109k | |
| Net Other Investing Changes | — | — | — | — | — | — | $674k | $44k | $14.9m | ($109k) | |
| Net Cash Provided by (Used in) Investing Activities | ($699.4m) | ($466.2m) | ($475.7m) | ($673.9m) | ($733.8m) | ($952.3m) | ($950.3m) | ($1.1b) | ($1.2b) | ($1.2b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $603.5m | $317.0m | $984.7m | $745.0m | $1.3b | $1.8b | $558.0m | $1.4b | $1.2b | $3.7b | |
| Issuance Of Debt | — | — | — | — | — | — | $2.4b | $3.7b | $4.1b | $6.2b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $2.4b | $3.7b | $4.1b | $6.2b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $547.8m | $478.0m | $760.9m | $75.2m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $547.8m | $478.0m | $760.9m | $75.2m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $30.7m | $169.3m | $29.9m | — | — | |
| Repayments of Long-term Debt | $303.8m | $274.1m | $750.2m | $407.3m | $977.8m | $1.4b | $179.5m | $910.0m | $819.5m | $3.2b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.8b) | ($3.2b) | ($3.4b) | ($6.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.8b) | ($3.2b) | ($3.4b) | ($6.1b) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $283.2m | $0 | $0 | $198.2m | $98.6m | $842.7m | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $198.2m | $98.6m | $842.7m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($8.0m) | $188.5m | $90.1m | $830.8m | |
| Payments for Repurchase of Common Stock | $15.5m | $13.9m | $12.6m | $9.9m | $12.0m | $10.1m | $8.0m | $9.6m | $8.5m | $12.0m | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | $93 | $99 | $113 | $120 | $127 | $140 | $163 | |
| Common Stock Payments | — | — | — | — | — | — | ($8.0m) | ($9.6m) | ($8.5m) | ($12.0m) | |
| Dividends Payable, Current | $19 | $21 | $23 | $25 | $28 | $0 | $32 | $35 | $37 | $46 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($119.8m) | ($126.7m) | ($140.3m) | ($163.4m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($119.8m) | ($126.7m) | ($140.3m) | ($163.4m) | |
| Dividends Received CFI | — | — | — | — | — | $572k | $0 | $0 | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $2.2m | ($2.9m) | ($6.8m) | ($2.8m) | ($4.9m) | ($6.3m) | ($5.6m) | ($9.8m) | ($20.5m) | ($24.8m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($33.9m) | ($2.7m) | ($26.3m) | ($100.1m) | |
| Net Cash Provided by (Used in) Financing Activities | $242.4m | ($58.8m) | $45.6m | $172.4m | $292.2m | $357.6m | $386.0m | $537.1m | $684.4m | $642.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $1.7m | $44.1m | ($46.8m) | $3.0m | ($135k) | $18.1m | $9.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $3.8m | $47.9m | $1.1m | $4.1m | $3.9m | $22.1m | $32.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $3.0m | ($135k) | $18.1m | $9.9m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $115.0m | $121.0m | $119.3m | $115.5m | $106.6m | $91.3m | $118.5m | $155.3m | $208.0m | $234.2m | |
| Income Taxes Paid, Net | ($307k) | $625k | $842k | ($2.9m) | $969k | $1.0m | ($1.0m) | $1.5m | ($998k) | $2.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.