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 | 2023 | 2022 |
---|---|---|---|
Operating revenue | 7,515a | 7,462a | 8,596a |
Operating expenses | — | — | — |
Fuel for electric generation | -624a | -561a | -905a |
Purchased and interchange power | -1,333a | -1,375a | -1,928a |
Purchased power - related parties | -71a | -75a | -76a |
Cost of gas sold | -640a | -902a | -1,256a |
Maintenance and other operating expenses | -1,638a | -1,687a | -1,669a |
Depreciation and amortization | -1,240a | -1,180a | -1,126a |
General taxes | -482a | -447a | -412a |
Total operating expenses | -6,028a | -6,227a | -7,372a |
Operating income | 1,487a | 1,235a | 1,224a |
Other income (expense) | — | — | — |
Non-operating retirement benefits, net | 169a | 180a | 205a |
Other income | 207a | 195a | 19a |
Other expense | -32a | -13a | -27a |
Total other income | 344a | 362a | 197a |
Interest charges | — | — | — |
Interest on long-term debt | -700a | -616a | -509a |
Interest expense - related parties | -12a | -12a | -12a |
Other interest expense | -14a | -18a | 0a |
Allowance for borrowed funds used during construction | -18a | -3a | -2a |
Total interest charges | -708a | -643a | -519a |
Income before income taxes | 1,123a | 954a | 902a |
Income tax expense | -176a | -147a | -93a |
Income from continuing operations | 947a | 807a | 809a |
Income from discontinued operations, net of tax | 0a | 1a | 4a |
Net income | 947a | 808a | 813a |
Loss attributable to noncontrolling interests | -56a | -79a | -24a |
Net income attributable to CMS Energy | 1,003a | 887a | 837a |
Preferred stock dividends | 10a | 10a | 10a |
Net income available to common stockholders | 993a | 877a | 827a |
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