CMS Stock Cash Flow Statements

CMS Energy Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

CMS Energy Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2014-06-30	2014-03-31	2013-03-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30

cash flows from operating activities
net income	193,000,000	295,000,000	255,000,000	247,000,000	182,000,000	263,000,000	251,000,000	173,000,000	190,000,000	194,000,000	163,000,000	163,000,000	142,000,000	345,000,000	634,000,000	183,000,000	171,000,000	342,000,000	162,000,000	210,000,000	137,000,000	243,000,000	168,000,000	207,000,000	94,000,000	213,000,000	109,000,000	169,000,000	140,000,000	241,000,000	-2,000,000	172,000,000	93,000,000	199,000,000	109,000,000	221,000,000	162,000,000	81,000,000	49,000,000	106,000,000
adjustments to reconcile net income to net cash from operating activities
depreciation and amortization	288,000,000	388,000,000	326,000,000	273,000,000	273,000,000	368,000,000	310,000,000	262,000,000	255,000,000	353,000,000	296,000,000	243,000,000	242,000,000	345,000,000	282,000,000	250,000,000	242,000,000	340,000,000	281,000,000	228,000,000	223,000,000	316,000,000	263,000,000	215,000,000	216,000,000	298,000,000	244,000,000	206,000,000	204,000,000	279,000,000	229,000,000	193,000,000	197,000,000	262,000,000	149,000,000	197,000,000	180,000,000
deferred income taxes and investment tax credits	64,000,000	60,000,000	39,000,000	24,000,000	28,000,000	51,000,000	61,000,000	25,000,000	42,000,000	29,000,000	31,000,000	19,000,000	6,000,000	33,000,000	139,000,000	35,000,000	27,000,000	48,000,000	30,000,000	45,000,000	28,000,000	67,000,000	61,000,000
other non‑cash operating activities and reconciling adjustments	-98,000,000	-46,000,000	-89,000,000	-45,000,000	-71,000,000	-36,000,000	-103,000,000	-49,000,000	-103,000,000	-19,000,000	-33,000,000	-27,000,000	-11,000,000	-22,000,000	1,000,000	-42,000,000	-12,000,000	-17,000,000
changes in assets and liabilities
accounts receivable and accrued revenue	85,000,000	-5,000,000	-340,000,000	32,000,000	126,000,000	27,000,000	-256,000,000	23,000,000	300,000,000	174,000,000	-420,000,000	-177,000,000	41,000,000	-121,000,000	-232,000,000
inventories	-156,000,000	190,000,000	113,000,000	-107,000,000	-101,000,000	259,000,000	122,000,000	-173,000,000	-155,000,000	391,000,000	187,000,000	-458,000,000	-392,000,000	213,000,000	92,000,000	-221,000,000	-132,000,000	168,000,000	62,000,000	-133,000,000	-72,000,000	171,000,000	93,000,000	-147,000,000	-111,000,000	209,000,000	90,000,000	-177,000,000	-127,000,000	228,000,000			-157,000,000	201,000,000	-237,000,000	338,000,000	442,000,000
accounts payable and accrued rate refunds	11,000,000	13,000,000	0	17,000,000	67,000,000	-69,000,000	-13,000,000	66,000,000	-36,000,000	-153,000,000	-21,000,000	-28,000,000	182,000,000	-129,000,000	69,000,000			-103,000,000	25,000,000	6,000,000	77,000,000	-54,000,000	13,000,000	-34,000,000	41,000,000	-89,000,000
other current assets and liabilities	76,000,000	41,000,000	45,000,000	-132,000,000	130,000,000	-1,000,000	35,000,000	-148,000,000	143,000,000	-51,000,000	-4,000,000	-99,000,000	110,000,000	7,000,000	43,000,000	-108,000,000
other non‑current assets and liabilities	-49,000,000	64,000,000	34,000,000	-5,000,000	73,000,000	94,000,000	-24,000,000	20,000,000	29,000,000	122,000,000	-49,000,000	-28,000,000	32,000,000	41,000,000	-45,000,000	-5,000,000
net cash from operating activities	414,000,000	1,000,000,000	403,000,000	304,000,000	707,000,000	956,000,000	405,000,000	199,000,000	665,000,000	1,040,000,000	188,000,000	-392,000,000	352,000,000	707,000,000	336,000,000	116,000,000	535,000,000	832,000,000	132,000,000	348,000,000	595,000,000	201,000,000	395,000,000	210,000,000	568,000,000	617,000,000	138,000,000	149,000,000	708,000,000	708,000,000	506,000,000	80,000,000	473,000,000	646,000,000	270,000,000	646,000,000	713,000,000	-468,000,000	177,000,000	474,000,000
cash flows from investing activities
capital expenditures	-884,000,000	-888,000,000	-918,000,000	-806,000,000	-681,000,000	-613,000,000	-608,000,000	-612,000,000	-570,000,000	-617,000,000	-636,000,000	-650,000,000	-568,000,000	-520,000,000	-634,000,000	-564,000,000	-441,000,000	-437,000,000	-620,000,000	-751,000,000	-423,000,000	-523,000,000	-534,000,000	-597,000,000	-492,000,000	-481,000,000	-502,000,000	-700,000,000								-302,000,000		-171,000,000	-185,000,000	-155,000,000
free cash flows	-470,000,000	112,000,000	-515,000,000	-502,000,000	26,000,000	343,000,000	-203,000,000	-413,000,000	95,000,000	423,000,000	-448,000,000	-1,042,000,000	-216,000,000	187,000,000	-298,000,000	-448,000,000	94,000,000	395,000,000	-488,000,000	-403,000,000	172,000,000	-322,000,000	-139,000,000	-387,000,000	76,000,000	136,000,000	-364,000,000	-551,000,000								344,000,000		-639,000,000	-8,000,000	319,000,000
proceeds from sale of asp business			0	0
cost to retire property and other investing activities	-78,000,000	-30,000,000	-35,000,000	-49,000,000	-52,000,000	-24,000,000	-41,000,000	-44,000,000	-48,000,000	-34,000,000	-32,000,000	-19,000,000	-32,000,000	-24,000,000	-37,000,000	-33,000,000	-32,000,000	-31,000,000	-27,000,000	-45,000,000	-35,000,000	-24,000,000	-29,000,000	-56,000,000	-20,000,000	-27,000,000	-44,000,000	-46,000,000
net cash from investing activities	-962,000,000	-918,000,000	-953,000,000	-855,000,000	-609,000,000	-637,000,000	-649,000,000	-658,000,000	-1,428,000,000	-651,000,000	-668,000,000	-669,000,000	-600,000,000	-539,000,000	227,000,000	-609,000,000	-568,000,000	-283,000,000	-569,000,000	-1,130,000,000	-609,000,000	-559,000,000	-604,000,000	-802,000,000	-735,000,000	-675,000,000	-791,000,000	-807,000,000								-315,000,000		-194,000,000	-192,000,000	-152,000,000
cash flows from financing activities
proceeds from issuance of debt	1,249,000,000	1,200,000,000	515,000,000	743,000,000	105,000,000	599,000,000	646,000,000	500,000,000	1,200,000,000	1,205,000,000	550,000,000				35,000,000				826,000,000	0	1,155,000,000	1,198,000,000	75,000,000	621,000,000	462,000,000	993,000,000	1,723,000,000	250,000,000	544,000,000	250,000,000	525,000,000	185,000,000	0	923,000,000
retirement of debt	-124,000,000	-717,000,000	-163,000,000	-356,000,000	-114,000,000	-319,000,000	-286,000,000	-381,000,000	-465,000,000	-1,000,000,000	-14,000,000	0	-89,000,000	-3,000,000	-217,000,000	0	-16,000,000	-2,000,000	-716,000,000	-902,000,000	-390,000,000	-2,000,000	-115,000,000	-66,000,000	-314,000,000	-790,000,000	-1,165,000,000	-45,000,000
decrease in notes payable	0	-65,000,000			0	-93,000,000				-20,000,000									0	0	0	-90,000,000			-30,000,000	-67,000,000										-170,000,000
issuance of common stock	14,000,000	3,000,000	3,000,000	4,000,000	7,000,000	272,000,000	182,000,000	3,000,000	3,000,000	4,000,000	59,000,000	3,000,000	3,000,000	4,000,000									3,000,000	3,000,000	3,000,000	3,000,000	2,000,000	3,000,000	33,000,000	3,000,000	3,000,000	4,000,000	73,000,000	3,000,000				2,000,000	2,000,000	2,000,000
payment of dividends on common and preferred stock	-165,000,000	-166,000,000	-156,000,000	-156,000,000	-158,000,000	-156,000,000	-144,000,000	-145,000,000	-145,000,000	-145,000,000	-136,000,000	-137,000,000	-137,000,000	-136,000,000	-129,000,000	-127,000,000			-116,000,000	-117,000,000			-110,000,000	-108,000,000			-102,000,000	-101,000,000
proceeds from the sale of membership interests in vies	0	44,000,000
other financing costs	-27,000,000	-33,000,000	4,000,000	-6,000,000	-10,000,000	-9,000,000	-5,000,000	-4,000,000	-22,000,000	-23,000,000	-14,000,000	-10,000,000	-1,000,000	-35,000,000	-15,000,000	-18,000,000	-2,000,000	-18,000,000	23,000,000	-20,000,000	-32,000,000	-22,000,000	-11,000,000
net cash from financing activities	947,000,000	266,000,000	261,000,000	229,000,000	-170,000,000	294,000,000	308,000,000	237,000,000	571,000,000	27,000,000	467,000,000	1,160,000,000	-130,000,000	-170,000,000	-323,000,000	437,000,000	-199,000,000	-210,000,000	64,000,000	-264,000,000	757,000,000	1,062,000,000	-67,000,000	691,000,000	234,000,000	150,000,000	462,000,000	523,000,000			39,000,000					-171,000,000		297,000,000	-299,000,000	171,000,000
net increase in cash and cash equivalents, including restricted amounts	399,000,000	348,000,000	-289,000,000	-322,000,000	-72,000,000	613,000,000	64,000,000	-222,000,000	-192,000,000	416,000,000	-13,000,000	99,000,000	-378,000,000	-2,000,000	240,000,000	-56,000,000	-232,000,000	339,000,000	-373,000,000	-1,046,000,000	743,000,000	704,000,000		99,000,000	67,000,000	92,000,000		-135,000,000	274,000,000	23,000,000			-22,000,000	206,000,000
cash and cash equivalents, including restricted amounts, beginning of period	0	178,000,000	0	0	0	248,000,000	0	0	0	182,000,000	0	0	0	476,000,000	0	0	0	185,000,000	0	0	0	157,000,000	0	0	0	175,000,000	0	0	0	204,000,000	0	0	0	257,000,000
cash and cash equivalents, including restricted amounts, end of period	399,000,000	526,000,000	-289,000,000	-322,000,000	-72,000,000	861,000,000	64,000,000	-222,000,000	-192,000,000	598,000,000	-13,000,000	99,000,000	-378,000,000	474,000,000	240,000,000	-56,000,000	-232,000,000	524,000,000	-373,000,000	-1,046,000,000	743,000,000	861,000,000	-276,000,000	99,000,000	67,000,000	267,000,000	-191,000,000	-135,000,000	274,000,000	227,000,000	31,000,000	-268,000,000	-22,000,000	463,000,000
other cash flow activities and non‑cash investing and financing activities
non‑cash transactions
capital expenditures not paid	222,000,000	315,000,000	130,000,000	128,000,000	103,000,000	156,000,000	-3,000,000	27,000,000	84,000,000	157,000,000	1,000,000	65,000,000	34,000,000	128,000,000	24,000,000	34,000,000	51,000,000	87,000,000	1,000,000	-27,000,000	72,000,000	95,000,000		-15,000,000	51,000,000	99,000,000		19,000,000	38,000,000	102,000,000		7,000,000	34,000,000	112,000,000
bad debt expense
postretirement benefits contributions																																						-13,000,000	-13,000,000	-12,000,000
gain from sale of enerbank											0	0	0	-5,000,000
covert generating station acquisition
net proceeds from sale of enerbank											0	0	0	5,000,000
increase in notes payable			65,000,000				-154,000,000	247,000,000																			-183,000,000
proceeds from the sale of membership interest in vie to tax equity investor							69,000,000				0	0							0
contributions from noncontrolling interests
distributions to noncontrolling interests
in millions
years ended december 31
cash transactions
interest paid
income taxes paid (proceeds from sale of renewable energy tax credits)
other non‑cash investing and financing activities
net cash from discontinued operations															0	-88,000,000
issuance of preferred stock, net of issuance costs															0
contribution from noncontrolling interest							0	0	0	6,000,000					0				0
income taxes paid
covert generating facility acquisition								-2,000,000
assets
current assets
cash and cash equivalents								-232,000,000
restricted cash and cash equivalents								10,000,000
accounts receivable and accrued revenue, less allowance of 26 in 2023 and 27 in 2022
accounts receivable – related parties								-4,000,000
inventories at average cost
gas in underground storage								155,000,000
materials and supplies								11,000,000
generating plant fuel stock								7,000,000
deferred property taxes								-27,000,000
regulatory assets								-13,000,000
prepayments and other current assets								-34,000,000
total current assets								-154,000,000
plant, property, and equipment								212,000,000
plant, property, and equipment, gross								405,000,000
less accumulated depreciation and amortization								193,000,000
construction work in progress								218,000,000
total plant, property, and equipment								430,000,000
other non‑current assets
accounts receivable								6,000,000
investments								2,000,000
postretirement benefits								33,000,000
other								-55,000,000
total other non‑current assets								-28,000,000
total assets								248,000,000
accounts receivable and accrued revenue, less allowance of 27 in both periods
proceeds from sale of transmission equipment																							1,000,000
debt prepayment costs
income taxes paid (refunds received)
issuance of common stock, net of issuance costs															3,000,000	3,000,000	11,000,000	9,000,000	146,000,000	3,000,000	3,000,000	101,000,000
pension contributions																				0	0	-531,000,000
nine months ended september 30
accounts and notes receivable and accrued revenue																	71,000,000	30,000,000	-230,000,000	88,000,000	147,000,000	-17,000,000	-252,000,000	107,000,000	251,000,000	-61,000,000	-284,000,000	1,000,000	291,000,000	7,000,000		31,000,000	117,000,000	37,000,000
other current and non‑current assets and liabilities																		24,000,000
increase in enerbank notes receivable																		-76,000,000	-177,000,000	-332,000,000	-144,000,000	-4,000,000	-73,000,000	-158,000,000	-124,000,000	-46,000,000	-107,000,000	-120,000,000
purchase of notes receivable by enerbank																		-2,000,000	0	-2,000,000	-7,000,000	-8,000,000	-36,000,000	-87,000,000	-99,000,000	-121,000,000	-138,000,000
proceeds from sale of enerbank notes receivable																		263,000,000
decrease in enerbank certificates of deposit																		-73,000,000
payment of dividends on common stock																		-126,000,000				-116,000,000				-108,000,000
cash from changes in assets and liabilities
proceeds from db serp investments																											0
increase in enerbank certificates of deposit																			-40,000,000	324,000,000	139,000,000	-7,000,000	9,000,000	251,000,000	220,000,000	151,000,000	225,000,000	152,000,000
other non-cash operating activities and reconciling adjustments																				4,000,000	11,000,000	9,000,000		-20,000,000	-7,000,000	16,000,000	-25,000,000	25,000,000	12,000,000	10,000,000	4,000,000	31,000,000	26,000,000	21,000,000
other current and non-current assets and liabilities																				-100,000,000	44,000,000	-3,000,000		-147,000,000	67,000,000	-12,000,000	42,000,000	-100,000,000							-22,000,000	49,000,000	44,000,000
other non-cash investing and financing activities
non-cash transactions
accounts receivable and accrued revenue, less allowance of 30 in 2020 and 20 in 2019
notes receivable, less allowance of 35 in 2020 and 33 in 2019
accounts and notes receivable – related parties
other non-current assets
accounts and notes receivable, less allowance of 81 in 2020 and - in 2019
total other non-current assets
net decrease in cash and cash equivalents, including restricted amounts
deferred income taxes and investment tax credit																									17,000,000	43,000,000	92,000,000	30,000,000	23,000,000	37,000,000	219,000,000	66,000,000	42,000,000	90,000,000	20,000,000	46,000,000	44,000,000	34,000,000	16,000,000	67,000,000
payment of finance lease obligations and other financing costs																									3,000,000	-32,000,000
proceeds from the sale of enerbank notes receivable																															31,000,000	0	0	19,000,000
payment of capital lease obligations and other financing costs																											-2,000,000	-16,000,000
accounts payable and accrued refunds																												-5,000,000
decrease (increase) in enerbank notes receivable																																		14,000,000
jackson plant acquisition
net increase in enerbank certificates of deposit																															7,000,000
change in notes payable
retirement of long-term debt																																				-11,000,000
note receivable recorded for future refund of use taxes paid and capitalized
other non-cash operating activities																																			16,000,000	16,000,000	18,000,000
accounts receivable, notes receivable, and accrued revenue																																				-303,000,000
proceeds from enerbank certificates of deposit
net increase in cash and cash equivalents																																			-80,000,000	160,000,000	350,000,000	-365,000,000	-314,000,000	493,000,000	-894,000,003	-646,000,000
cash and cash equivalents, beginning of period																																			0	18,000,000	5,000,000	0	0	348,000,000
cash and cash equivalents, end of period																																			-80,000,000	178,000,000	355,000,000	-365,000,000	-314,000,000	841,000,000
refund of capitalized sales and use tax not received
postretirement benefits expense																																			6,000,000	6,000,000	47,000,000		45,000,000	31,000,000
proceeds from government grant																																					69,000,000
cost to retire property																																				-14,000,000		-10,000,000	-6,000,000	-6,000,000
other investing activities																																			1,000,000	1,000,000
proceeds from issuance of long-term debt
payment of common and preferred stock dividends
stockholder contribution																																			165,000,000	150,000,000	150,000,000
accounts payable																																				120,000,000
accrued expenses																																				-43,000,000
payment of common stock dividends																																				-135,000,000		-20,000,000	-21,000,000	-20,000,000
redemption of preferred stock
changes in other assets and liabilities:
decrease in accounts receivable, notes receivable, and accrued revenue
decrease in accrued power supply revenue
decrease in inventories																																							-387,000,000	526,000,000
increase in accounts payable
decrease in accrued expenses																																						7,000,000	-25,000,000	-24,000,000
decrease in other current and non-current assets																																						-81,000,000	65,000,000	63,000,000
increase in other current and non-current liabilities
cash effect of deconsolidation of partnerships
proceeds from enerbank notes
payment of preferred stock dividends																																						-4,000,000	-3,000,000	-3,000,000
payment of capital and finance lease obligations
net increase in cash and cash equivalents, including assets held for sale
decrease (increase) in cash and cash equivalents included in assets held for sale
adjustments to reconcile net income to net cash from operating activities:
equity earnings of subsidiaries
dividends received from subsidiaries
increase in accounts receivable
change in other assets and liabilities
investment in subsidiaries
proceeds from bank loans and notes
proceeds from issuance of common stock
retirement of bank loans and notes
debt issuance costs and financing fees
net change in cash and temporary cash investments
cash and temporary cash investments, beginning of period
cash and temporary cash investments, end of period
december 31
notes and accrued interest receivable
accounts receivable, including intercompany and related parties
deferred income taxes
plant, property, and equipment, at cost
less accumulated depreciation
non-current assets
other investment — serp
total non-current assets
net income attributable to cms energy
adjustments to reconcile net income attributable to cms energy to net cash from operating activities
income attributable to noncontrolling interests
regulatory return on capital expenditures																																						-9,000,000	-8,000,000	-8,000,000
capital lease and other amortization																																						9,000,000	10,000,000	9,000,000
gain on indemnification
gain on sale of assets
gain on extinguishment of long-term debt — related parties
increase in environmental remediation accrual
income from equity method investees
electric sales contract termination payment																																						0	0	-275,000,000
decrease in accounts receivable and accrued revenue
decrease in accrued power supply and gas revenue																																						-1,000,000	2,000,000	38,000,000
decrease in other current and non-current liabilities																																						-28,000,000	-47,000,000	-65,000,000
proceeds for sale of assets
other investing																																						-11,000,000	-3,000,000	4,000,000
retirement of bonds and other long-term debt, including related parties
debt issuance costs, financing fees, and other																																						-5,000,000	0	-5,000,000
depreciation and amortization, net of nuclear decomissioning of - and 4
minority interests (obligations)																																						3,000,000	1,000,000	2,000,000
asset impairment charges, net of insurance recoveries
postretirement benefits costs
gain on the sale of assets																																						0
earnings from equity method investees
cash distributions from equity method investees
shareholder class action settlement
decrease (increase) in accounts receivable and accrued revenues																																						-9,000,000
increase in inventories
decrease in deferred property taxes
decrease in accounts payable																																								-35,000,000
decrease in accrued taxes																																								-65,000,000
restricted cash																																						-3,000,000	2,000,000	5,000,000
investments in nuclear decommissioning trust funds
proceeds from nuclear decommissioning trust funds
proceeds from sale of assets
cash relinquished from sale of assets
proceeds from notes, bonds, and other long-term debt																																						404,000,000	33,000,000	493,000,000
retirement of bonds and other long-term debt																																						-74,000,000	-304,000,000	-290,000,000
payment of capital lease and financial lease obligations																																						-6,000,000	-6,000,000	-6,000,000
effect of exchange rates on cash																																									-1,999,998	0
plant and property
electric utility
gas utility
enterprises
less accumulated depreciation, depletion and amortization
construction work-in-progress
cash and cash equivalents at cost, which approximates market
restricted cash at cost, which approximates market
notes receivable
accounts receivable and accrued revenue, less allowances of 20 in 2008 and 21 in 2007
accrued power supply revenue
accounts receivable — related parties
regulatory assets — postretirement benefits
prepayments and other
securitized costs
customer choice act
notes receivable, less allowances of 30 in 2008 and 31 in 2007
depreciation and amortization, net of nuclear decomissioning of - and 2
asset impairment charges
loss (earnings) from equity method investees																																							1,000,000	1,000,000
deposit on pending asset sale
depreciation and amortization, net of nuclear decomissioning of - and 1																																								173,000,000
loss on the sale of assets
increase in accounts receivable and accrued revenues																																								-58,000,000
net cash provided by:
operating activities
investing activities
net cash from operating and investing activities
financing activities
depreciation and amortization, net of nuclear decommissioning of 4 and 3
fuel costs mark-to-market at the mcv partnership
pension contribution
decrease (increase) in accrued power supply and gas revenue
increase in accrued expenses
decrease in the mcv partnership gas supplier funds on deposit
restricted cash and restricted short-term investments
maturity of the mcv partnership restricted investment securities held-to-maturity
purchase of the mcv partnership restricted investment securities held-to-maturity
accounts receivable and accrued revenue, less allowances of 20 in 2007 and 25 in 2006
accrued power supply and gas revenue
accounts receivable and notes receivable — related parties
assets held for sale
price risk management assets
nuclear decommissioning trust funds
notes receivable — related parties

We provide you with 20 years of cash flow statements for CMS Energy stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of CMS Energy stock. Explore the full financial landscape of CMS Energy stock with our expertly curated income statements.

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