CMS ENERGY CORPORATION CMS Income Statement

Cms energy corporation (CMS)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
6,650	6,845	6,879	6,932	6,979	6,873	6,822	6,750	6,707	6,583	6,445	6,505	6,427	6,399	6,268	6,167	6,146	6,456	6,705	6,649	6,767	7,179	7,157	7,172	7,110	6,566	6,500	6,562	6,489	6,253	6,203	6,160	6,191	6,503	6,565	6,544	6,520	6,432	6,013	5,795	0	0	0
Operating Expenses
Fuel for electric generation
454	493	522	542	538	528	516	510	520	505	518	519	491	499	498	514	551	593	601	601	621	673	689	693	686	621	618	643	622	598	578	587	614	636	636	620	618	604	612	547	0	0	0
Purchased and interchange power
1,475	1,496	1,538	1,572	1,609	1,613	1,593	1,572	1,552	1,503	1,475	1,503	1,495	1,508	1,489	1,427	1,403	1,406	1,440	1,435	1,453	1,602	1,568	1,564	1,552	1,387	1,390	1,393	1,380	1,364	1,351	1,330	1,299	1,282	1,252	1,250	1,261	1,239	1,273	1,192	0	0	0
Purchased power – related parties
75	75	75	77	80	81	81	81	83	86	85	86	86	86	87	86	82	83	84	84	89	90	90	90	91	90	89	91	88	87	83	83	83	82	86	84	85	85	0	0	0	0	0
Maintenance and other operating expenses
1,409	1,448	1,425	1,478	1,461	1,417	1,329	1,267	1,256	1,236	1,267	1,264	1,235	1,248	1,207	1,217	1,243	1,223	1,239	1,257	1,249	1,232	1,265	1,220	1,220	1,236	1,222	1,233	1,211	1,224	1,241	1,247	1,253	1,237	1,230	1,202	1,210	1,206	1,122	1,155	0	0	0
Depreciation and amortization
1,010	992	973	964	952	933	918	905	898	881	866	856	835	811	783	773	766	750	746	726	708	685	668	660	646	628	621	614	607	598	582	564	556	546	544	557	566	576	564	552	0	0	0
General taxes
341	333	328	325	322	303	297	292	290	284	281	281	275	281	271	268	268	262	264	262	258	252	248	245	239	234	233	232	230	229	224	204	207	205	205	221	211	210	207	206	0	0	0
Total operating expenses
5,402	5,606	5,701	5,811	5,821	5,711	5,531	5,423	5,394	5,245	5,206	5,221	5,109	5,143	5,032	4,989	5,039	5,278	5,514	5,539	5,626	6,027	6,014	5,948	5,889	5,424	5,410	5,446	5,345	5,250	5,238	5,222	5,306	5,500	5,578	5,554	5,475	5,454	4,963	4,914	0	0	0
Insurance settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Gain on asset sales, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	0	-	0	0
Operating Income
1,248	1,239	1,178	1,121	1,158	1,162	1,291	1,327	1,313	1,338	1,239	1,284	1,318	1,256	1,236	1,178	1,107	1,178	1,191	1,110	1,141	1,152	1,143	1,224	1,221	1,142	1,090	1,116	1,144	1,003	965	938	885	1,003	987	990	1,045	978	1,050	881	0	0	0
Other Income (Expense)
Interest income
7	7	8	8	10	11	10	11	9	12	12	10	10	6	13	13	12	12	4	4	0	-	0	0	-	-	0	0	-	5	4	7	8	9	13	14	16	19	19	18	0	0	0
Interest and dividend income – related parties
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
9	10	9	9	7	6	4	3	4	5	8	10	11	12	12	12	11	10	9	8	8	8	7	6	5	6	7	8	9	8	8	7	7	6	5	5	5	5	5	6	0	0	0
Income (loss) from equity method investees
14	10	9	3	5	9	11	15	14	15	11	13	13	13	17	16	14	14	13	13	15	15	13	12	12	13	15	17	17	17	12	11	10	9	13	12	12	11	7	4	0	0	0
Nonoperating retirement benefits, net
99	91	90	90	89	90	82	63	45	24	20	28	34	41	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
3	4	3	4	2	2	4	5	5	6	5	5	7	8	9	9	10	10	11	11	11	11	11	11	10	10	9	10	11	11	13	13	15	16	17	23	27	32	38	68	0	0	0
Other expense
14	13	41	45	49	48	85	83	76	76	68	72	74	75	19	16	16	17	40	40	52	55	33	37	24	20	30	34	34	33	30	22	22	22	25	24	24	24	27	28	0	0	0
Total other income
125	109	78	69	64	70	26	14	1	-14	-12	-6	1	5	48	39	26	14	-1	-2	-12	-16	0	-6	6	12	6	6	7	8	7	16	18	18	23	30	36	43	42	68	0	0	0
Interest Charges
Interest on long-term debt
449	439	435	425	418	412	406	406	406	406	409	411	411	411	404	396	390	386	387	390	392	393	390	388	388	385	381	377	372	372	378	385	390	396	399	397	396	394	390	391	0	0	0
Interest expense – related parties
12	9	6	3	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest expense
78	75	69	63	54	49	43	39	37	34	33	31	30	29	16	15	15	14	25	22	18	17	16	15	16	16	17	19	20	21	21	22	23	23	24	24	38	40	41	43	0	0	0
Allowance for borrowed funds used during construction
4	4	4	4	4	3	2	1	1	2	3	4	5	5	5	5	4	4	3	3	3	3	4	7	5	3	9	4	4	4	-4	-4	-4	-4	-3	-3	-3	-3	-4	-4	0	0	0
Total interest charges
535	519	506	487	468	458	447	444	442	438	439	438	436	435	415	406	401	396	409	409	407	407	402	400	401	398	395	392	388	389	395	403	409	415	420	418	431	431	427	430	0	0	0
Income Before Income Taxes
838	829	750	703	754	774	870	897	872	886	788	840	883	826	869	811	732	796	781	699	722	729	741	818	826	756	701	730	763	622	577	551	494	606	590	602	650	590	665	519	0	0	0
Income Tax Expense
126	147	127	118	123	115	322	346	368	424	246	284	295	273	287	267	245	271	266	238	245	250	257	301	312	302	282	289	302	245	226	209	152	191	185	191	240	224	254	199	0	0	0
Income From Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	377	351	342	342	415	405	411	410	366	411	320	0	0	0
Income From Discontinued Operations, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	7	7	7	2	-4	-4	-20	-23	-18	7	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
712	682	623	585	631	659	548	551	504	462	542	556	588	553	582	544	487	525	515	461	477	479	509	496	0	-	0	0	-	384	358	349	349	417	401	407	390	343	393	327	0	0	0
Net Income (Loss) Attributable to Noncontrolling Interest
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	0	0
Net Income Available to Common Stockholders
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	0	0
Charge for Deferred Issuance Costs on Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-
Preferred Stock Dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	10	10	0	0	0
Amounts attributable to continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	375	349	340	340	413	403	398	394	347	384	300	0	0	0
Amounts attributable to discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	7	7	7	2	-4	-4	-20	-23	-18	7	0	0	0
Amounts attributable to continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	0	0
Amounts attributable to discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	-	0	0	-	0	0
Income attributable to noncontrolling interests
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	0	0
Basic Earnings Per Average Common Share
Basic earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.26	0.56	0.38	0.23	0.17	0.55	0.40	0.53	0.12	0.58	0.42	0.38	0.30	0.22
Basic earnings from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.01	-0.02	0.00	-0.07	-0.01	-0.01	0.11
Basic earnings per average common share (in dollars per share)
0.86	0.59	0.73	0.33	0.75	0.38	0.60	0.49	0.86	-0.01	0.61	0.33	0.71	0.28	0.67	0.45	0.59	0.39	0.53	0.25	0.73	0.34	0.34	0.31	0.77	0.38	0.48	0.30	0.55	0.26	0.56	0.38	0.26	0.17	0.55	0.40	0.54	0.10	0.58	0.35	0.37	0.29	0.33
Diluted Earnings Per Average Common Share
Diluted earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25	0.55	0.37	0.22	0.15	0.53	0.38	0.51	0.09	0.53	0.39	0.35	0.29	0.21
Diluted earnings from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.01	0.00	0.00	-0.07	-0.01	-0.01	0.11
Diluted earnings per average common share (in dollars per share)
0.85	0.58	0.73	0.33	0.75	0.38	0.59	0.49	0.86	-0.01	0.61	0.33	0.71	0.27	0.67	0.45	0.59	0.38	0.53	0.25	0.73	0.35	0.34	0.30	0.75	0.38	0.46	0.29	0.53	0.25	0.55	0.37	0.25	0.15	0.53	0.38	0.52	0.09	0.53	0.32	0.34	0.28	0.32
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.33	0.33	0.33	-	0.31	0.31	0.31	-	0.29	0.29	0.29	-	0.27	0.27	0.27	-	0.25	0.25	0.25	-	0.24	0.24	0.24	0.21	0.21	0.21	0.21	0.21	0.15	0.15	0.15	0.12	0.12
Basic Earnings Per Average Common Share
0.86	0.59	0.73	0.33	0.75	0.38	0.60	0.49	0.86	-0.01	0.61	0.33	0.71	-	0.67	0.45	-	-	-	-	-	-	-	-	-	-	0.48	0.30	0.55	0.26	0.56	0.38	0.26	0.17	0.55	0.40	0.54	0.10	0.58	0.35	0.37	0.29	0.33
Diluted Earnings Per Average Common Share
0.85	0.58	0.73	0.33	0.75	0.38	0.59	0.49	0.86	-0.01	0.61	0.33	0.71	-	0.67	0.45	-	-	-	-	-	-	-	-	-	-	0.46	0.29	0.53	0.25	0.55	0.37	0.25	0.15	0.53	0.38	0.52	0.09	0.53	0.32	0.34	0.28	0.32
Consumers Energy Company
Revenues
6,177	6,376	6,418	6,491	6,552	6,464	6,438	6,373	6,340	6,222	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fuel for electric generation
348	375	392	413	411	407	404	397	411	398	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchased and interchange power
1,443	1,470	1,513	1,545	1,583	1,587	1,573	1,557	1,538	1,491	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchased power – related parties
75	75	75	78	81	83	84	85	88	90	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of gas sold
623	754	826	839	843	819	781	778	775	730	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maintenance and other operating expenses
1,234	1,275	1,284	1,346	1,324	1,287	1,203	1,143	1,130	1,113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
993	975	956	949	938	921	907	895	889	872	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General taxes
330	322	319	316	313	295	289	284	282	276	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
5,046	5,246	5,365	5,486	5,493	5,399	5,241	5,139	5,113	4,970	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income
1,131	1,130	1,053	1,005	1,059	1,065	1,197	1,234	1,227	1,252	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
5	5	6	6	7	8	7	7	7	9	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and dividend income – related parties
5	5	4	4	3	2	1	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
9	10	9	9	7	6	4	3	4	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nonoperating retirement benefits, net
93	85	84	84	82	83	76	58	40	21	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
2	3	3	3	2	2	3	4	4	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
13	13	29	33	31	30	61	59	58	58	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
101	95	77	73	70	71	31	14	-2	-5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on long-term debt
282	277	279	279	278	276	268	265	264	263	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense – related parties
12	9	6	3	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest expense
15	15	13	14	14	16	18	17	17	15	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for borrowed funds used during construction
4	4	4	4	4	3	2	1	1	2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest charges
305	297	294	292	288	289	284	281	280	276	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Before Income Taxes
927	928	836	786	841	847	944	967	945	971	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense
175	185	168	151	152	142	234	256	282	339	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
752	743	668	635	689	705	710	711	663	632	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Dividends and Other Adjustments
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Available to Common Stockholders, Basic
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	356	347	347	415	399	394	374	324	366	307	0	0	0
Cost of gas sold
Cost of sales
638	769	840	853	859	836	797	796	795	750	714	712	692	710	697	704	726	961	1,140	1,174	1,248	1,493	1,486	1,476	1,455	1,228	1,236	1,240	1,207	1,150	1,180	1,207	1,294	1,512	1,625	1,622	1,580	1,590	1,183	1,287	0	0	0