Updated Apr 24, 2025, 11:36 AM UTC
| Income Statement - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue (USD, millions) | - | 8,596 | - | - | - | - | 7,462 | - | |||
| Fuel for electric generation (USD, millions) | - | 905 | - | - | - | - | 561 | - | |||
| Purchased and interchange power (USD, millions) | - | 1,928 | - | - | - | - | 1,375 | - | |||
| Purchased power – related parties (USD, millions) | - | 76 | - | - | - | - | 75 | - | |||
| Cost of gas sold (USD, millions) | - | 1,256 | - | - | - | - | 902 | - | |||
| Maintenance and other operating expenses (USD, millions) | - | 1,669 | - | - | - | - | 1,687 | - | |||
| Depreciation and amortization (USD, millions) | - | 1,126 | - | - | - | - | 1,180 | - | |||
| General taxes (USD, millions) | - | 412 | - | - | - | - | 447 | - | |||
| Total operating expenses (USD, millions) | - | 7,372 | - | - | - | - | 6,227 | - | |||
| Operating Income (USD, millions) | - | 1,224 | - | - | - | - | 1,235 | - | |||
| Non-operating retirement benefits, net (USD, millions) | - | 205 | - | - | - | - | 180 | - | |||
| Other income (USD, millions) | - | 19 | - | - | - | - | 195 | - | |||
| Other expense (USD, millions) | - | (27) | - | - | - | - | (13) | - | |||
| Total other income (USD, millions) | - | 197 | - | - | - | - | 362 | - | |||
| Interest on long-term debt (USD, millions) | - | 509 | - | - | - | - | 616 | - | |||
| Interest expense – related parties (USD, millions) | - | 12 | - | - | - | - | 12 | - | |||
| Other interest expense (USD, millions) | - | 0 | - | - | - | - | 18 | - | |||
| Allowance for borrowed funds used during construction (USD, millions) | - | (2) | - | - | - | - | (3) | - | |||
| Total interest charges (USD, millions) | - | 519 | - | - | - | - | 643 | - | |||
| Income Before Income Taxes (USD, millions) | - | 902 | - | - | - | - | 954 | - | |||
| Income Tax Expense (USD, millions) | - | 93 | - | - | - | - | 147 | - | |||
| Income From Continuing Operations (USD, millions) | - | 809 | - | - | - | - | 807 | - | |||
| Income From Discontinued Operations, Net of Tax (USD, millions) | - | 4 | - | - | - | - | 1 | - | |||
| Net Income (USD, millions) | - | 813 | - | - | - | - | 808 | - | |||
| Loss Attributable to Noncontrolling Interests (USD, millions) | - | (24) | - | - | - | - | (79) | - | |||
| Net Income Attributable to CMS Energy (USD, millions) | - | 837 | - | - | - | - | 887 | - | |||
| Preferred Stock Dividends (USD, millions) | - | 10 | - | - | - | - | 10 | - | |||
| Net Income Available to Common Stockholders (USD, millions) | - | 827 | - | - | - | - | 877 | - | |||
| Balance Sheet - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q3 2024 |
| Cash and cash equivalents (USD, millions) | 164 | 164 | - | - | - | 227 | 227 | - | |||
| Restricted cash and cash equivalents (USD, millions) | 18 | 18 | - | - | - | 21 | 21 | - | |||
| Accounts receivable and accrued revenue, less allowance (USD, millions) | 1,564 | 1,564 | - | - | - | 933 | 933 | - | |||
| Accounts receivable – related parties (USD, millions) | 16 | 16 | - | - | - | 11 | 11 | - | |||
| Gas in underground storage (USD, millions) | 840 | 840 | - | - | - | 587 | 587 | - | |||
| Materials and supplies (USD, millions) | 212 | 212 | - | - | - | 267 | 267 | - | |||
| Generating plant fuel stock (USD, millions) | 65 | 65 | - | - | - | 84 | 84 | - | |||
| Deferred property taxes (USD, millions) | 384 | 384 | - | - | - | 426 | 426 | - | |||
| Regulatory assets (USD, millions) | 3,595 | 3,595 | - | - | - | 3,683 | 3,683 | - | |||
| Prepayments and other current assets (USD, millions) | 113 | 113 | - | - | - | 80 | 80 | - | |||
| Total current assets (USD, millions) | 3,433 | 3,433 | - | - | - | 2,839 | 2,839 | - | |||
| Plant, property, and equipment, gross (USD, millions) | 30,491 | 30,491 | - | - | - | 33,135 | 33,135 | - | |||
| Less accumulated depreciation and amortization (USD, millions) | (8,960) | (8,960) | - | - | - | (9,007) | (9,007) | - | |||
| Plant, property, and equipment, net (USD, millions) | 21,531 | 21,531 | - | - | - | 24,128 | 24,128 | - | |||
| Construction work in progress (USD, millions) | 1,182 | 1,182 | - | - | - | 944 | 944 | - | |||
| Total plant, property, and equipment (USD, millions) | 22,713 | 22,713 | - | - | - | 25,072 | 25,072 | - | |||
| Accounts receivable (USD, millions) | 23 | 23 | - | - | - | 22 | 22 | - | |||
| Investments (USD, millions) | 71 | 71 | - | - | - | 76 | 76 | - | |||
| Postretirement benefits (USD, millions) | 108 | 108 | - | - | - | 106 | 106 | - | |||
| Other non-current assets (USD, millions) | 310 | 310 | - | - | - | 357 | 357 | - | |||
| Total other non-current assets (USD, millions) | 5,207 | 5,207 | - | - | - | 5,606 | 5,606 | - | |||
| Total Assets (USD, millions) | 31,353 | 31,353 | - | - | - | 33,517 | 33,517 | - | |||
| Current portion of long-term debt and finance leases (USD, millions) | 1,099 | 1,099 | - | - | - | 980 | 980 | - | |||
| Notes payable (USD, millions) | 20 | 20 | - | - | - | 93 | 93 | - | |||
| Accounts payable (USD, millions) | 928 | 928 | - | - | - | 802 | 802 | - | |||
| Accounts payable – related parties (USD, millions) | 8 | 8 | - | - | - | 7 | 7 | - | |||
| Accrued rate refunds (USD, millions) | - | - | - | - | - | 54 | 54 | - | |||
| Accrued interest (USD, millions) | 122 | 122 | - | - | - | 142 | 142 | - | |||
| Accrued taxes (USD, millions) | 538 | 538 | - | - | - | 612 | 612 | - | |||
| Regulatory liabilities (USD, millions) | 3,796 | 3,796 | - | - | - | 3,894 | 3,894 | - | |||
| Other current liabilities (USD, millions) | 166 | 166 | - | - | - | 149 | 149 | - | |||
| Total current liabilities (USD, millions) | 2,985 | 2,985 | - | - | - | 2,895 | 2,895 | - | |||
| Long-term debt (USD, millions) | 13,122 | 13,122 | - | - | - | 14,508 | 14,508 | - | |||
| Non-current portion of finance leases (USD, millions) | 68 | 68 | - | - | - | 62 | 62 | - | |||
| Asset retirement obligations (USD, millions) | 746 | 746 | - | - | - | 771 | 771 | - | |||
| Deferred investment tax credit (USD, millions) | 129 | 129 | - | - | - | 126 | 126 | - | |||
| Deferred income taxes (USD, millions) | 2,407 | 2,407 | - | - | - | 2,615 | 2,615 | - | |||
| Other non-current liabilities (USD, millions) | 397 | 397 | - | - | - | 415 | 415 | - | |||
| Total non-current liabilities (USD, millions) | 20,773 | 20,773 | - | - | - | 22,497 | 22,497 | - | |||
| Common stock (USD, millions) | 3 | 3 | - | - | - | 3 | 3 | - | |||
| Other paid-in capital (USD, millions) | 5,490 | 5,490 | - | - | - | 5,705 | 5,705 | - | |||
| Accumulated other comprehensive loss (USD, millions) | (52) | (52) | - | - | - | (46) | (46) | - | |||
| Retained earnings (USD, millions) | 1,350 | 1,350 | - | - | - | 1,658 | 1,658 | - | |||
| Total common stockholders’ equity (USD, millions) | 6,791 | 6,791 | - | - | - | 7,320 | 7,320 | - | |||
| Cumulative redeemable perpetual preferred stock (USD, millions) | 224 | 224 | - | - | - | 224 | 224 | - | |||
| Total stockholders’ equity (USD, millions) | 7,015 | 7,015 | - | - | - | 7,544 | 7,544 | - | |||
| Noncontrolling interests (USD, millions) | 580 | 580 | - | - | - | 581 | 581 | - | |||
| Total equity (USD, millions) | 7,595 | 7,595 | - | - | - | 8,125 | 8,125 | - | |||
| Total Liabilities and Equity (USD, millions) | 31,353 | 31,353 | - | - | - | 33,517 | 33,517 | - | |||
| Cash Flow - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q3 2024 |
| Net income (USD, millions) | - | 813 | - | - | - | - | - | - | |||
| Depreciation and amortization (USD, millions) | - | 1,126 | - | - | - | - | - | - | |||
| Deferred income taxes and investment tax credits (USD, millions) | - | 89 | - | - | - | - | - | - | |||
| Bad debt expense (USD, millions) | - | 50 | - | - | - | - | - | - | |||
| Postretirement benefits contributions (USD, millions) | - | (12) | - | - | - | - | - | - | |||
| Gain from sale of EnerBank (USD, millions) | - | (5) | - | - | - | - | - | - | |||
| Other non-cash operating activities and reconciling adjustments (USD, millions) | - | (93) | - | - | - | - | - | - | |||
| Net cash provided by operating activities (USD, millions) | - | 855 | - | - | - | - | - | - | |||
| Capital expenditures (excludes assets placed under finance lease) (USD, millions) | - | (2,374) | - | - | - | - | - | - | |||
| Net proceeds from sale of EnerBank (USD, millions) | - | 5,898 | - | - | - | - | - | - | |||
| Cost to retire property and other investing activities (USD, millions) | - | (107) | - | - | - | - | - | - | |||
| Net cash used in investing activities (USD, millions) | - | (2,476) | - | - | - | - | - | - | |||
| Proceeds from issuance of debt (USD, millions) | - | 1,899 | - | - | - | - | - | - | |||
| Retirement of debt (USD, millions) | - | (106) | - | - | - | - | - | - | |||
| Increase (decrease) in notes payable (USD, millions) | - | 20 | - | - | - | - | - | - | |||
| Issuance of common stock (USD, millions) | - | 69 | - | - | - | - | - | - | |||
| Payment of dividends on common and preferred stock (USD, millions) | - | (546) | - | - | - | - | - | - | |||
| Proceeds from the sale of membership interest in VIE to tax equity investor (USD, millions) | - | 49 | - | - | - | - | - | - | |||
| Contribution from noncontrolling interest (USD, millions) | - | 2 | - | - | - | - | - | - | |||
| Other financing costs (USD, millions) | - | (60) | - | - | - | - | - | - | |||
| Net cash provided by (used in) financing activities (USD, millions) | - | 1,327 | - | - | - | - | - | - | |||
| Net Increase (Decrease) in Cash and Cash Equivalents, Including Restricted Amounts (USD, millions) | - | (294) | - | - | - | - | - | - | |||
| Interest paid (net of amounts capitalized) (USD, millions) | - | 490 | - | - | - | - | - | - | |||
| Income taxes paid (refunds received), net (USD, millions) | - | 1 | - | - | - | - | - | - | |||
| Capital expenditures not paid (USD, millions) | - | 228 | - | - | - | - | - | - | |||
| Accounts receivable and accrued revenue (USD, millions) | (677) | (677) | - | - | - | - | - | - | |||
| Inventories (USD, millions) | (450) | (450) | - | - | - | - | - | - | |||
| Accounts payable and accrued rate refunds (USD, millions) | 4 | 4 | - | - | - | - | - | - | |||
| Other current assets and liabilities (USD, millions) | 14 | 14 | - | - | - | - | - | - | |||
| Other non-current assets and liabilities (USD, millions) | (4) | (4) | - | - | - | - | - | - | |||
| Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period (USD, millions) | 476 | 476 | - | - | - | - | - | - | |||
| Cash and Cash Equivalents, Including Restricted Amounts, End of Period (USD, millions) | 182 | 182 | - | - | - | - | - | - | |||
| Revenue by Segment - in Millions of USD | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q3 2024 |
| Electric Utility | - | - | - | - | - | - | - | 1,448 | |||
| Gas Utility | - | - | - | - | - | - | - | 213 | |||
| NorthStar Clean Energy | - | - | - | - | - | - | - | 82 | |||
| Consumers Utility Revenue | - | - | - | - | - | - | - | - | |||
| - Residential | - | - | - | - | - | - | - | 834 | |||
| - Commercial | - | - | - | - | - | - | - | 526 | |||
| - Industrial | - | - | - | - | - | - | - | 174 | |||
| - Other | - | - | - | - | - | - | - | 121 | |||
| Revenue from Contracts | - | - | - | - | - | - | - | 1,655 | |||
| Financing Income | - | - | - | - | - | - | - | 5 | |||
| Alternative-Revenue Programs | - | - | - | - | - | - | - | 1 | |||
| Leasing Income | - | - | - | - | - | - | - | 26 | |||
| Total Operating Revenue - CMS Energy | - | - | - | - | - | - | - | 1,743 | |||
| Total Operating Revenue - Consumers | - | - | - | - | - | - | - | 1,661 |