PNM Financial Statements From 2010 to 2024

PNM Stock  USD 36.29  0.40  1.09%   
PNM Resources financial statements provide useful quarterly and yearly information to potential PNM Resources investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on PNM Resources financial statements helps investors assess PNM Resources' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting PNM Resources' valuation are summarized below:
Gross Profit
B
Profit Margin
0.0453
Market Capitalization
3.3 B
Enterprise Value Revenue
4.2493
Revenue
1.9 B
There are over one hundred nineteen available trending fundamental ratios for PNM Resources, which can be analyzed over time and compared to other ratios. Self-guided Investors are advised to check out PNM Resources' recent fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself next year. As of the 24th of April 2024, Market Cap is likely to grow to about 3.1 B. Also, Enterprise Value is likely to grow to about 4.2 B

PNM Resources Total Revenue

1.52 Billion

Check PNM Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PNM main balance sheet or income statement drivers, such as Interest Expense of 199.9 M, Total Revenue of 1.5 B or Gross Profit of 906.4 M, as well as many exotic indicators such as Price To Sales Ratio of 0.93, Dividend Yield of 0.0376 or PTB Ratio of 1.01. PNM financial statements analysis is a perfect complement when working with PNM Resources Valuation or Volatility modules.
  
This module can also supplement PNM Resources' financial leverage analysis and stock options assessment as well as various PNM Resources Technical models . Check out the analysis of PNM Resources Correlation against competitors.
To learn how to invest in PNM Stock, please use our How to Invest in PNM Resources guide.

PNM Resources Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding78.4 M86.4 M80.3 M
Slightly volatile
Total Assets5.7 B10.3 B6.6 B
Slightly volatile
Short and Long Term Debt Total5.2 BBB
Slightly volatile
Other Current Liabilities245.7 M465 M175.2 M
Slightly volatile
Total Current Liabilities696.9 M1.2 B703.4 M
Slightly volatile
Total Stockholder Equity1.6 B2.4 B1.7 B
Slightly volatile
Property Plant And Equipment NetB7.8 BB
Slightly volatile
Current Deferred Revenue6.5 M6.2 M18.3 M
Slightly volatile
Net Debt5.2 BB2.9 B
Slightly volatile
Accounts Payable149.9 M205.2 M130.9 M
Slightly volatile
Cash2.1 M2.2 M12.9 M
Pretty Stable
Non Current Assets Total5.2 B9.8 B6.2 B
Slightly volatile
Cash And Short Term Investments2.1 M2.2 M12.9 M
Pretty Stable
Net Receivables252.5 M273.6 M217 M
Very volatile
Liabilities And Stockholders Equity5.7 B10.3 B6.6 B
Slightly volatile
Non Current Liabilities Total6.9 B6.6 B4.3 B
Slightly volatile
Inventory61.4 M98 M67.9 M
Slightly volatile
Other Current Assets74.3 M82 M67.2 M
Slightly volatile
Total LiabilitiesB7.8 B4.8 B
Slightly volatile
Property Plant And Equipment Gross11.1 B10.6 BB
Slightly volatile
Total Current Assets457.7 M475.5 M382.6 M
Very volatile
Short Term Debt378.7 M554.3 M384.6 M
Slightly volatile
Common Stock980.8 M1.6 B1.2 B
Slightly volatile
Other Liabilities1.3 B2.5 B1.5 B
Slightly volatile
Other Assets720.6 M1.2 B716.9 M
Slightly volatile
Long Term Debt2.1 B4.2 B2.4 B
Slightly volatile
Preferred Stock Total Equity12.6 M13.3 M11.8 M
Pretty Stable
Property Plant Equipment498 M524.2 M2.5 B
Very volatile
Intangible Assets230.1 M250.5 M293.2 M
Slightly volatile
Good Will229.1 M250.5 M276 M
Slightly volatile
Net Tangible Assets1.7 B2.2 B1.6 B
Slightly volatile
Long Term Debt Total2.7 B4.5 B2.5 B
Slightly volatile
Long Term Investments432.5 M564.1 M363.5 M
Slightly volatile
Non Current Liabilities Other1.6 B2.6 B1.6 B
Slightly volatile
Capital Surpluse323.3 M363.7 M396.1 M
Slightly volatile
Short and Long Term Debt473 M542.1 M407 M
Slightly volatile
Cash And Equivalents4.5 M4.7 M6.9 M
Pretty Stable
Net Invested Capital6.1 B7.1 B5.1 B
Slightly volatile
Capital Stock1.5 B1.6 B1.3 B
Slightly volatile
Capital Lease Obligations124.5 M179.3 M126.8 M
Pretty Stable

PNM Resources Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue1.5 B1.9 B1.5 B
Slightly volatile
Gross Profit906.4 M627.1 M848.1 M
Slightly volatile
Operating Income281.1 M303.3 M312.8 M
Pretty Stable
EBIT290.4 M303.3 M340.5 M
Slightly volatile
EBITDA397.8 M622.8 M563 M
Very volatile
Net Income76.3 M88.3 M115.3 M
Very volatile
Depreciation And Amortization192 M319.5 M234.3 M
Slightly volatile
Other Operating Expenses1.5 B1.6 B1.2 B
Slightly volatile
Cost Of Revenue792.5 M1.3 B699.7 M
Slightly volatile
Total Operating Expenses484.1 M323.8 M536.7 M
Slightly volatile
Income Before Tax134.5 M90.5 M168 M
Pretty Stable
Net Income Applicable To Common Shares113.9 M195 M121.4 M
Slightly volatile
Selling General Administrative274.6 M227.9 M259.3 M
Slightly volatile
Selling And Marketing Expenses78.4 M93.5 M73.9 M
Slightly volatile
Net Income From Continuing Ops145.5 M172.7 M129.8 M
Slightly volatile
Non Operating Income Net Other33.5 M38.1 M27.2 M
Slightly volatile
Interest Income19.1 M20.1 M58.7 M
Slightly volatile
Reconciled Depreciation335.1 M347.9 M289.7 M
Slightly volatile
Preferred Stock And Other Adjustments422.4 K475.2 K517.4 K
Slightly volatile

PNM Resources Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow3.9 M4.1 M13.9 M
Pretty Stable
Dividends Paid66.1 M126.7 M74.9 M
Slightly volatile
Capital Expenditures1.1 B1.1 B604.9 M
Slightly volatile
Total Cash From Operating Activities337.4 M551.2 M421.6 M
Slightly volatile
Net Income101.6 M106.9 M125.5 M
Pretty Stable
End Period Cash Flow3.7 M3.9 M13.1 M
Pretty Stable
Stock Based Compensation7.6 M7.2 M6.2 M
Slightly volatile
Depreciation210.8 M353.7 M244.9 M
Slightly volatile
Net Borrowings661.5 M630 M255.2 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.931.85121.8052
Slightly volatile
Dividend Yield0.03760.03530.0267
Slightly volatile
PTB Ratio1.011.52071.5157
Slightly volatile
Days Sales Outstanding61.6451.491752.3824
Slightly volatile
Book Value Per Share15.3227.354921.1586
Slightly volatile
Invested Capital1.072.10241.5134
Slightly volatile
Operating Cash Flow Per Share3.276.3875.1342
Slightly volatile
Stock Based Compensation To Revenue0.00540.00370.004
Slightly volatile
PB Ratio1.011.52071.5157
Slightly volatile
EV To Sales4.634.40943.6466
Slightly volatile
ROIC0.05380.04890.0504
Very volatile
Inventory Turnover10.7713.384110.1931
Pretty Stable
Net Income Per Share0.781.02381.4421
Pretty Stable
Days Of Inventory On Hand43.7927.271240.7505
Slightly volatile
Payables Turnover4.356.3955.36
Pretty Stable
Sales General And Administrative To Revenue0.120.11750.1652
Slightly volatile
Cash Per Share0.10.10910.1961
Very volatile
POCF Ratio5.066.51326.2438
Slightly volatile
Interest Coverage2.431.59312.319
Pretty Stable
Payout Ratio1.511.43420.9531
Pretty Stable
Days Payables Outstanding54.2257.075871.8644
Pretty Stable
Income Quality5.415.1574.1657
Pretty Stable
ROE0.07240.03740.0668
Pretty Stable
EV To Operating Cash Flow10.9215.513712.5226
Slightly volatile
PE Ratio43.640.634735.1451
Pretty Stable
Return On Tangible Assets0.00840.00890.0183
Slightly volatile
Earnings Yield0.02910.02460.0479
Slightly volatile
Intangibles To Total Assets0.02580.02710.0451
Slightly volatile
Net Debt To EBITDA5.477.96574.9884
Slightly volatile
Current Ratio0.370.38640.6009
Slightly volatile
Tangible Book Value Per Share13.9824.708917.9349
Slightly volatile
Receivables Turnover5.547.08857.1968
Slightly volatile
Graham Number19.3725.101924.9504
Slightly volatile
Shareholders Equity Per Share15.3227.354921.1586
Slightly volatile
Debt To Equity1.072.10241.5134
Slightly volatile
Revenue Per Share15.4622.471518.5296
Slightly volatile
Interest Debt Per Share62.759.716937.449
Slightly volatile
Debt To Assets0.30.48410.4011
Slightly volatile
Enterprise Value Over EBITDA9.6613.73029.9327
Slightly volatile
Short Term Coverage Ratios1.960.99431.4329
Pretty Stable
Price Earnings Ratio43.640.634735.1451
Pretty Stable
Operating Cycle10778.762993.2149
Slightly volatile
Price Book Value Ratio1.011.52071.5157
Slightly volatile
Days Of Payables Outstanding54.2257.075871.8644
Pretty Stable
Dividend Payout Ratio1.511.43420.9531
Pretty Stable
Price To Operating Cash Flows Ratio5.066.51326.2438
Slightly volatile
Pretax Profit Margin0.04430.04670.1086
Slightly volatile
Ebt Per Ebit0.280.29850.5931
Slightly volatile
Operating Profit Margin0.110.15640.1778
Slightly volatile
Company Equity Multiplier2.764.34323.6776
Slightly volatile
Long Term Debt To Capitalization0.420.65130.5539
Slightly volatile
Total Debt To Capitalization0.460.67770.591
Slightly volatile
Return On Capital Employed0.05840.03360.0505
Slightly volatile
Debt Equity Ratio1.072.10241.5134
Slightly volatile
Ebit Per Revenue0.110.15640.1778
Slightly volatile
Quick Ratio0.220.22990.3674
Slightly volatile
Net Income Per E B T0.580.97590.6825
Slightly volatile
Cash Ratio0.00170.00180.0213
Slightly volatile
Operating Cash Flow Sales Ratio0.160.28420.2716
Pretty Stable
Days Of Inventory Outstanding43.7927.271240.7505
Slightly volatile
Days Of Sales Outstanding61.6451.491752.3824
Slightly volatile
Cash Flow Coverage Ratios0.190.11110.1648
Slightly volatile
Price To Book Ratio1.011.52071.5157
Slightly volatile
Fixed Asset Turnover0.240.24790.3181
Slightly volatile
Price Cash Flow Ratio5.066.51326.2438
Slightly volatile
Enterprise Value Multiple9.6613.73029.9327
Slightly volatile
Debt Ratio0.30.48410.4011
Slightly volatile
Cash Flow To Debt Ratio0.190.11110.1648
Slightly volatile
Price Sales Ratio0.931.85121.8052
Slightly volatile
Return On Assets0.00820.00860.0176
Slightly volatile
Asset Turnover0.370.18910.2508
Slightly volatile
Net Profit Margin0.04150.04560.079
Slightly volatile
Gross Profit Margin0.610.32340.5629
Pretty Stable
Price Fair Value1.011.52071.5157
Slightly volatile
Return On Equity0.07240.03740.0668
Pretty Stable

PNM Resources Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap3.1 BB2.8 B
Slightly volatile
Enterprise Value4.2 BB4.2 B
Slightly volatile

PNM Fundamental Market Drivers

Forward Price Earnings13.2626
Cash And Short Term Investments2.2 M

PNM Upcoming Events

6th of February 2024
Upcoming Quarterly Report
View
3rd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About PNM Resources Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include PNM Resources income statement, its balance sheet, and the statement of cash flows. PNM Resources investors use historical funamental indicators, such as PNM Resources's revenue or net income, to determine how well the company is positioned to perform in the future. Although PNM Resources investors may use each financial statement separately, they are all related. The changes in PNM Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on PNM Resources's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on PNM Resources Financial Statements. Understanding these patterns can help to make the right decision on long term investment in PNM Resources. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue6.2 M6.5 M
Total Revenue1.9 B1.5 B
Cost Of Revenue1.3 B792.5 M
Stock Based Compensation To Revenue 0  0.01 
Sales General And Administrative To Revenue 0.12  0.12 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.55)(0.53)
Revenue Per Share 22.47  15.46 
Ebit Per Revenue 0.16  0.11 

PNM Resources Investors Sentiment

The influence of PNM Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in PNM. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to PNM Resources' public news can be used to forecast risks associated with an investment in PNM. The trend in average sentiment can be used to explain how an investor holding PNM can time the market purely based on public headlines and social activities around PNM Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
PNM Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for PNM Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average PNM Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on PNM Resources.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PNM Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PNM Resources' short interest history, or implied volatility extrapolated from PNM Resources options trading.

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When determining whether PNM Resources is a strong investment it is important to analyze PNM Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PNM Resources' future performance. For an informed investment choice regarding PNM Stock, refer to the following important reports:
Check out the analysis of PNM Resources Correlation against competitors.
To learn how to invest in PNM Stock, please use our How to Invest in PNM Resources guide.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

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Is PNM Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PNM Resources. If investors know PNM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PNM Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.69)
Dividend Share
1.49
Earnings Share
1.02
Revenue Per Share
22.471
Quarterly Revenue Growth
(0.28)
The market value of PNM Resources is measured differently than its book value, which is the value of PNM that is recorded on the company's balance sheet. Investors also form their own opinion of PNM Resources' value that differs from its market value or its book value, called intrinsic value, which is PNM Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PNM Resources' market value can be influenced by many factors that don't directly affect PNM Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PNM Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if PNM Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PNM Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.