CMS Energy Corp

Common Name

CMS Energy

Country

United States

Sector

Utilities

Industry

Utilities - Regulated Electric

Employees

8,324

Ticker

CMS

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.cmsenergy.com

Description

CMS Energy Corporation is a diversified energy holding company primarily engaged in regulated utility operations through its principal subsidiary, Consumers Energy. As Michigan's largest electric and ... Show more

Income Statement Balance Sheet

Financial Statements of CMS Energy

Below are the financial statements of CMS Energy, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

All figures in millions of USD	2024 as of 2024-12-31	2023 as of 2023-12-31
Assets	—	—
Current assets	—	—
Cash and cash equivalents	103^a	227^a
Restricted cash and cash equivalents	75^a	21^a
Accounts receivable and accrued revenue, less allowance of $23 in 2024 and $21 in 2023	1,049^a	933^a
Accounts receivable - related parties	14^a	11^a
Inventories at average cost	—	—
Gas in underground storage	435^a	587^a
Materials and supplies	299^a	267^a
Generating plant fuel stock	35^a	84^a
Deferred property taxes	448^a	426^a
Regulatory assets	229^a	203^a
Prepayments and other current assets	103^a	80^a
Total current assets	2,790^a	2,839^a
Plant, property, and equipment	—	—
Plant, property, and equipment, gross	34,932^a	33,135^a
Less accumulated depreciation and amortization	9,569^a	9,007^a
Plant, property, and equipment, net	25,363^a	24,128^a
Construction work in progress	2,098^a	944^a
Total plant, property, and equipment	27,461^a	25,072^a
Other non-current assets	—	—
Regulatory assets	3,569^a	3,683^a
Accounts receivable	20^a	22^a
Investments	69^a	76^a
Postretirement benefits	1,627^a	1,468^a
Other	384^a	357^a
Total other non-current assets	5,669^a	5,606^a
Total assets	35,920^a	33,517^a
Liabilities and equity	—	—
Current liabilities	—	—
Current portion of long-term debt and finance leases	1,195^a	980^a
Notes payable	65^a	93^a
Accounts payable	1,085^a	802^a
Accounts payable - related parties	8^a	7^a
Accrued rate refunds	38^a	54^a
Accrued interest	156^a	142^a
Accrued taxes	654^a	612^a
Regulatory liabilities	111^a	56^a
Other current liabilities	209^a	149^a
Total current liabilities	3,521^a	2,895^a
Non-current liabilities	—	—
Long-term debt	15,194^a	14,508^a
Non-current portion of finance leases	112^a	62^a
Regulatory liabilities	4,067^a	3,894^a
Postretirement benefits	96^a	106^a
Asset retirement obligations	728^a	771^a
Deferred investment tax credit	122^a	126^a
Deferred income taxes	2,925^a	2,615^a
Other non-current liabilities	407^a	415^a
Total non-current liabilities	23,651^a	22,497^a
Equity	—	—
Common stockholders’ equity	—	—
Common stock, authorized 350.0 shares in both periods; outstanding 298.8 shares in 2024 and 294.4 shares in 2023	3^a	3^a
Other paid-in capital	6,009^a	5,705^a
Accumulated other comprehensive loss	-41^a	-46^a
Retained earnings	2,035^a	1,658^a
Total common stockholders’ equity	8,006^a	7,320^a
Cumulative redeemable perpetual preferred stock, Series C, authorized 9.2 depositary shares; outstanding 9.2 depositary shares in both periods	224^a	224^a
Total stockholders’ equity	8,230^a	7,544^a
Noncontrolling interests	518^a	581^a
Total equity	8,748^a	8,125^a
Total liabilities and equity	35,920^a	33,517^a
Cash and cash equivalents	44^a	35^a
Restricted cash and cash equivalents	75^a	21^a
Accounts receivable and accrued revenue, less allowance of $23 in 2024 and $21 in 2023	1,019^a	909^a
Accounts and notes receivable - related parties	17^a	11^a
Gas in underground storage	435^a	587^a
Materials and supplies	291^a	257^a
Generating plant fuel stock	30^a	80^a
Deferred property taxes	448^a	426^a
Regulatory assets	229^a	203^a
Prepayments and other current assets	86^a	65^a
Total current assets	2,674^a	2,594^a
Plant, property, and equipment, gross	33,434^a	31,723^a
Less accumulated depreciation and amortization	9,310^a	8,796^a
Plant, property, and equipment, net	24,124^a	22,927^a
Construction work in progress	1,766^a	845^a
Total plant, property, and equipment	25,890^a	23,772^a
Regulatory assets	3,569^a	3,683^a
Accounts receivable	26^a	28^a
Accounts and notes receivable - related parties	92^a	95^a
Postretirement benefits	1,514^a	1,367^a
Other	323^a	313^a
Total other non-current assets	5,524^a	5,486^a
Total assets	34,088^a	31,852^a
Current portion of long-term debt and finance leases	456^a	731^a
Notes payable	65^a	93^a
Accounts payable	917^a	764^a
Accounts payable - related parties	12^a	13^a
Accrued rate refunds	38^a	54^a
Accrued interest	130^a	110^a
Accrued taxes	678^a	614^a
Regulatory liabilities	111^a	56^a
Other current liabilities	185^a	128^a
Total current liabilities	2,592^a	2,563^a
Long-term debt	10,818^a	10,037^a
Long-term debt - related parties	823^a	424^a
Non-current portion of finance leases	69^a	39^a
Regulatory liabilities	4,067^a	3,894^a
Postretirement benefits	70^a	77^a
Asset retirement obligations	694^a	739^a
Deferred investment tax credit	122^a	126^a
Deferred income taxes	3,053^a	2,789^a
Other non-current liabilities	349^a	364^a
Total non-current liabilities	20,065^a	18,489^a
Common stockholder’s equity	—	—
Common stock, authorized 125.0 shares; outstanding 84.1 shares in both periods	841^a	841^a
Other paid-in capital	8,174^a	7,759^a
Accumulated other comprehensive loss	-11^a	-15^a
Retained earnings	2,390^a	2,178^a
Total common stockholder’s equity	11,394^a	10,763^a
Cumulative preferred stock, $4.50 series, authorized 7.5 shares; outstanding 0.4 shares in both periods	37^a	37^a
Total equity	11,431^a	10,800^a
Total liabilities and equity	34,088^a	31,852^a

Download Data

Verified Sources Behind CMS Energy’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore CMS Energy’s data sources below and access millions more through our Disclosure Search.

a. CMS Energy's 10-K 2024

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