Cms energy corporation (CMSD)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash Flows from Operating Activities
Net income

682

659

462

553

525

479

454

384

417

343

240

302

Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization

992

933

881

811

750

685

628

598

546

576

570

589

Deferred income taxes and investment tax credits

150

182

417

264

247

227

268

227

167

227

122

126

Gain due to expiration of indemnification

-

-

-

-

-

-

-

-

-

-

-

0

Pension contributions

10

252

12

108

262

32

229

72

323

463

262

51

Postretirement benefits expense

-

-

-

-

-

-

144

187

161

213

181

144

Capital lease and other amortization

-

-

-

-

-

-

-

-

-

-

-

44

Bad debt expense

67

54

49

50

58

80

67

57

74

57

54

51

Other non-cash operating activities and reconciling adjustments

58

-22

-82

-52

-100

-58

-22

16

33

39

-50

-43

Proceeds from government grant

-

-

-

-

-

-

69

-

-

-

-

-

Cash provided by (used in) changes in assets and liabilities
Electric sales contract termination payment

-

-

-

-

-

-

-

-

-

-

-

275

Accounts and notes receivable and accrued revenue

-45

-15

66

155

-120

31

120

147

-119

72

91

80

Decrease (increase) in accrued power supply revenue

-

-

-

-

-

-

-

-

-

-

41

-35

Inventories

-44

-14

46

-146

-147

36

-202

-104

14

-133

-86

71

Accounts payable and accrued rate refunds

-69

22

49

59

-26

50

4

-35

-

-

-

-

Increase (decrease) in accounts payable

-

-

-

-

-

-

-

-

30

-7

-50

-5

Increase (decrease) in accrued expenses

-

-

-

-

-

-

-

-

-34

22

-6

-31

Increase in regulatory liabilities

-

-

-

-

-

-

-

-

-

-

102

-178

Other current and non-current assets and liabilities

53

-54

111

43

19

-1

88

78

7

109

-59

-12

Increase (decrease) in other current and non-current liabilities

-

-

-

-

-

-

-

-

-

-

-66

-12

Net cash provided by operating activities

1,790

1,703

1,705

1,629

1,640

1,481

1,421

1,241

1,169

959

848

557

Cash Flows from Investing Activities
Capital expenditures (excludes assets placed under finance lease)

2,104

2,074

1,665

1,672

1,564

1,577

1,325

1,227

882

821

818

792

Proceeds from DB SERP investments

0

146

0

0

-

-

-

-

-

-

-

-

Increase in EnerBank notes receivable

401

307

138

136

279

255

139

63

-

-

-

-

Purchase of notes receivable by EnerBank

343

225

0

0

-

-

-

-

-

-

-

-

Jackson plant acquisition

-

-

-

-

154

-

-

-

-

-

-

-

Cost to retire property

-

-

-

-

-

-

56

49

54

43

49

34

Proceeds from sale of EnerBank notes receivable

67

0

50

0

48

-

-

-

-

-

-

-

Proceeds from sale of transmission equipment

97

0

0

-

-

-

-

-

-

-

-

-

Cash effect of deconsolidation of partnerships

-

-

-

-

-

-

-

-

-

10

0

0

Increase in EnerBank loans receivable

-

-

-

-

-

-

-

-

100

131

83

19

Cost to retire property and other investing activities

132

146

115

107

115

66

12

11

22

-2

-15

-6

Net cash used in investing activities

-2,816

-2,606

-1,868

-1,915

-2,064

-1,898

-1,532

-1,350

-1,058

-1,003

-935

-839

Cash Flows from Financing Activities
Proceeds from issuance of debt

2,151

2,767

1,633

1,049

599

1,428

1,025

1,650

375

1,400

1,218

1,265

Retirement of debt

1,285

1,870

980

728

224

750

741

1,527

413

878

1,154

1,022

Increase (decrease) in EnerBank certificates of deposit

631

513

47

100

214

233

125

65

98

149

39

23

Decrease in notes payable

7

73

228

149

189

-110

60

110

-

-40

40

0

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

239

4

1

Payment of preferred stock dividends

-

-

-

-

-

-

-

-

-

-

11

11

Proceeds from Issuance of Common Stock

12

41

83

72

43

43

36

30

29

10

9

9

Payment of DOE liability

-

-

-

-

-

-

-

-

43

-

0

-

Payment of dividends on common stock

436

407

377

347

322

295

273

252

211

162

114

82

Payment for Debt Extinguishment or Debt Prepayment Cost

8

36

22

18

-

36

-

-

-

-

-

-

Other financing costs

-50

-61

-46

-22

-36

-51

-42

-35

-34

38

35

8

Payment of capital and finance lease obligations

-

-

-

-

-

-

-

-

-

-

23

26

Net cash provided by financing activities

1,008

874

110

255

463

462

190

41

-199

202

-35

147

Net Increase in Cash and Cash Equivalents, Including Restricted Amounts

-18

-29

-53

-31

39

45

-

-

-

-

-

-

Cash transactions
Interest paid (net of amounts capitalized)

498

458

418

427

386

380

382

377

397

405

422

372

Income taxes paid (refunds received), net

-58

-123

5

32

10

22

34

19

27

14

17

3

Net Increase (Decrease) in Cash and Cash Equivalents, Including Assets Held for Sale

-

-

-

-

-

-

-

-

-88

158

-122

-135

Decrease (Increase) in Cash and Cash Equivalents Included in Assets Held for Sale

-

-

-

-

-

-

-

-

2

-1

5

-2

Net Increase (Decrease) in Cash and Cash Equivalents

-

-

-

-

-

-

79

-68

-86

157

-117

-137

Non-cash transactions
Capital expenditures not paid

170

158

172

138

201

201

176

110

92

56

15

31

Note receivable recorded for future refund of use taxes paid and capitalized

-

-

-

29

-

-

-

-

-

-

-

-

Other assets placed under finance lease

0

0

3

13

17

7

6

9

4

16

16

5

Consumers Energy Company
Net income

743

705

632

616

-

-

-

-

-

-

-

-

Depreciation and amortization

975

921

872

803

-

-

-

-

-

-

-

-

Deferred income taxes and investment tax credits

37

123

163

289

-

-

-

-

-

-

-

-

Pension contributions

7

242

8

98

-

-

-

-

-

-

-

-

Bad debt expense

-

-

29

31

-

-

-

-

-

-

-

-

Other non-cash operating activities and reconciling adjustments

32

-13

-59

-25

-

-

-

-

-

-

-

-

Accounts and notes receivable and accrued revenue

-8

26

63

138

-

-

-

-

-

-

-

-

Inventories

-40

-15

45

-145

-

-

-

-

-

-

-

-

Accounts payable and accrued rate refunds

-63

12

43

57

-

-

-

-

-

-

-

-

Other current and non-current assets and liabilities

129

101

-33

49

-

-

-

-

-

-

-

-

Net cash provided by operating activities

1,601

1,449

1,715

1,681

-

-

-

-

-

-

-

-

Capital expenditures (excludes assets placed under finance lease)

2,085

1,822

1,632

1,656

-

-

-

-

-

-

-

-

Proceeds from DB SERP investments

0

106

0

0

-

-

-

-

-

-

-

-

DB SERP investment in note receivable – related party

0

106

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of transmission equipment

77

0

0

-

-

-

-

-

-

-

-

-

Cost to retire property and other investing activities

129

149

119

112

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,137

-1,971

-1,751

-1,768

-

-

-

-

-

-

-

-

Proceeds from issuance of debt

993

2,106

834

446

-

-

-

-

-

-

-

-

Retirement of debt

541

1,193

555

198

-

-

-

-

-

-

-

-

Decrease in notes payable

7

73

228

149

-

-

-

-

-

-

-

-

Stockholder contribution

675

250

450

275

-

-

-

-

-

-

-

-

Payment of dividends on common stock

594

533

524

501

-

-

-

-

-

-

-

-

Payment for Debt Extinguishment or Debt Prepayment Cost

8

20

4

0

-

-

-

-

-

-

-

-

Other financing costs

-10

-24

-24

-3

-

-

-

-

-

-

-

-

Net cash provided by financing activities

508

513

-51

168

-

-

-

-

-

-

-

-

Net Increase in Cash and Cash Equivalents, Including Restricted Amounts

-28

-9

-87

81

-

-

-

-

-

-

-

-

Interest paid (net of amounts capitalized)

279

287

266

256

-

-

-

-

-

-

-

-

Income taxes paid (refunds received), net

132

156

-1

50

-

-

-

-

-

-

-

-

Capital expenditures not paid

160

143

160

127

-

-

-

-

-

-

-

-

Note receivable recorded for future refund of use taxes paid and capitalized

-

-

-

29

-

-

-

-

-

-

-

-

Other assets placed under finance lease

0

0

3

13

-

-

-

-

-

-

-

-