CMS Energy Corporation(NYSE:CMS) 
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity....
Website: http://www.cmsenergy.com
Founded: 1886
Full Time Employees: 8,128
Sector: Utilities
Industry: Utilities-Regulated Electric
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| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenue | 2,730,000,000 | 2,233,000,000 | 2,021,000,000 | 1,838,000,000 | 2,447,000,000 | 1,989,000,000 | 1,743,000,000 | 1,607,000,000 | 2,176,000,000 | 1,950,000,000 | 1,673,000,000 | 1,555,000,000 | 2,284,000,000 | 2,278,000,000 | 2,024,000,000 | 1,920,000,000 | 2,374,000,000 | 2,033,000,000 | 1,725,000,000 | 1,558,000,000 | 2,083,000,000 | 1,798,000,000 | 1,575,000,000 | 1,443,000,000 | 1,864,000,000 | 1,795,000,000 | 1,546,000,000 | 1,445,000,000 | 2,059,000,000 | 1,829,000,000 | 1,599,000,000 | 1,492,000,000 | 1,953,000,000 | 1,778,000,000 | 1,527,000,000 | 1,449,000,000 | 1,829,000,000 | 1,640,000,000 | 1,587,000,000 | 1,371,000,000 | 1,801,000,000 | 1,509,000,000 | 1,486,000,000 | 1,350,000,000 | 2,111,000,000 | 1,430,000,000 | 1,468,000,000 | 1,736,000,000 | 1,445,000,000 | 1,406,000,000 | 1,979,000,000 | 1,464,000,000 | 1,364,000,000 | 2,055,000,000 | 1,682,000,000 | 1,443,000,000 | 1,340,000,000 | 1,967,000,000 | 1,597,000,000 | 1,274,000,000 | 1,228,000,000 | 2,106,000,000 | 1,844,000,000 | 1,428,000,000 | 1,365,000,000 | 2,184,000,000 | 1,674,000,000 | 1,282,000,000 | 1,319,000,000 |
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel for electric generation | 220,000,000 | 153,000,000 | 153,000,000 | 134,000,000 | 217,000,000 | 175,000,000 | 179,000,000 | 114,000,000 | 156,000,000 | 152,000,000 | 162,000,000 | 110,000,000 | 137,000,000 | 185,000,000 | 312,000,000 | 241,000,000 | 167,000,000 | 155,000,000 | 184,000,000 | 116,000,000 | 138,000,000 | 101,000,000 | 108,000,000 | 63,000,000 | 103,000,000 | 102,000,000 | 130,000,000 | 119,000,000 | 142,000,000 | 131,000,000 | 150,000,000 | 115,000,000 | 132,000,000 | 119,000,000 | 144,000,000 | 125,000,000 | 117,000,000 | 132,000,000 | 145,000,000 | 97,000,000 | 125,000,000 | 131,000,000 | 161,000,000 | 134,000,000 | 167,000,000 | 161,000,000 | 154,000,000 | 155,000,000 | 165,000,000 | 147,000,000 | 154,000,000 | 199,000,000 | 153,000,000 | 152,000,000 | 132,000,000 | 183,000,000 | 151,000,000 | 138,000,000 | 148,000,000 | 140,000,000 | 118,000,000 | 135,000,000 | 130,000,000 | 173,000,000 | 135,000,000 | 162,000,000 | 96,000,000 | 130,000,000 | 98,000,000 |
purchased and interchange power | 451,000,000 | 374,000,000 | 513,000,000 | 439,000,000 | 380,000,000 | 308,000,000 | 362,000,000 | 349,000,000 | 314,000,000 | 315,000,000 | 377,000,000 | 342,000,000 | 341,000,000 | 418,000,000 | 572,000,000 | 483,000,000 | 455,000,000 | 435,000,000 | 462,000,000 | 391,000,000 | 377,000,000 | 343,000,000 | 430,000,000 | 362,000,000 | 357,000,000 | 349,000,000 | 413,000,000 | 356,000,000 | 378,000,000 | 391,000,000 | 447,000,000 | 393,000,000 | 382,000,000 | 371,000,000 | 426,000,000 | 373,000,000 | 333,000,000 | 343,000,000 | 454,000,000 | 365,000,000 | 346,000,000 | 324,000,000 | 392,000,000 | 341,000,000 | 349,000,000 | 387,000,000 | 359,000,000 | 324,000,000 | 383,000,000 | 347,000,000 | 333,000,000 | 365,000,000 | 303,000,000 | 300,000,000 | 284,000,000 | 363,000,000 | 314,000,000 | 278,000,000 | 274,000,000 | 318,000,000 | 282,000,000 | 289,000,000 | 309,000,000 | 406,000,000 | 297,000,000 | 323,000,000 | 328,000,000 | 390,000,000 | 374,000,000 |
purchased power – related parties | 20,000,000 | 25,000,000 | 21,000,000 | 30,000,000 | 18,000,000 | 18,000,000 | 19,000,000 | 16,000,000 | 18,000,000 | 18,000,000 | 21,000,000 | 17,000,000 | 19,000,000 | 20,000,000 | 21,000,000 | 18,000,000 | 17,000,000 | 21,000,000 | 21,000,000 | 17,000,000 | 18,000,000 | 19,000,000 | 13,000,000 | 14,000,000 | 18,000,000 | 22,000,000 | 19,000,000 | 16,000,000 | 18,000,000 | 22,000,000 | 21,000,000 | 19,000,000 | 19,000,000 | 22,000,000 | 21,000,000 | 21,000,000 | 22,000,000 | 16,250,000 | 22,000,000 | 21,000,000 | 22,000,000 | 22,000,000 | 21,000,000 | 17,000,000 | 23,000,000 | 21,000,000 | 22,000,000 | 23,000,000 | 21,000,000 | 23,000,000 | 23,000,000 | ||||||||||||||||||
cost of gas sold | 516,000,000 | 260,000,000 | 42,000,000 | 124,000,000 | 383,000,000 | 191,000,000 | 32,000,000 | 66,000,000 | 351,000,000 | 229,000,000 | 42,000,000 | 84,000,000 | 547,000,000 | 454,000,000 | 118,000,000 | 216,000,000 | 468,000,000 | 303,000,000 | 57,000,000 | 96,000,000 | 279,000,000 | 187,000,000 | 35,000,000 | 82,000,000 | 273,000,000 | 224,000,000 | 35,000,000 | 106,000,000 | 404,000,000 | 295,000,000 | 48,000,000 | 112,000,000 | 381,000,000 | 256,000,000 | 47,000,000 | 111,000,000 | 336,000,000 | 220,000,000 | 45,000,000 | 91,000,000 | 354,000,000 | 207,000,000 | 52,000,000 | 113,000,000 | 589,000,000 | 86,000,000 | 187,000,000 | 379,000,000 | 76,000,000 | 166,000,000 | 607,000,000 | 107,000,000 | 220,000,000 | 768,000,000 | 530,000,000 | 104,000,000 | 178,000,000 | 778,000,000 | 572,000,000 | 123,000,000 | 208,000,000 | 963,000,000 | 751,000,000 | 191,000,000 | 351,000,000 | 984,000,000 | 682,000,000 | 199,000,000 | 347,000,000 |
maintenance and other operating expenses | 448,000,000 | 509,000,000 | 416,000,000 | 397,000,000 | 405,000,000 | 420,000,000 | 412,000,000 | 404,000,000 | 402,000,000 | 403,000,000 | 447,000,000 | 406,000,000 | 431,000,000 | 530,000,000 | 413,000,000 | 392,000,000 | 334,000,000 | 534,000,000 | 410,000,000 | 355,000,000 | 323,000,000 | 420,000,000 | 317,000,000 | 351,000,000 | 315,000,000 | 438,000,000 | 313,000,000 | 343,000,000 | 354,000,000 | 415,000,000 | 366,000,000 | 326,000,000 | 310,000,000 | 327,000,000 | 304,000,000 | 315,000,000 | 290,000,000 | 348,000,000 | 290,000,000 | 276,000,000 | 293,000,000 | 332,000,000 | 311,000,000 | 312,000,000 | 283,000,000 | 329,000,000 | 304,000,000 | 365,000,000 | 285,000,000 | 304,000,000 | 282,000,000 | 301,000,000 | 288,000,000 | 279,000,000 | 362,000,000 | 273,000,000 | 296,000,000 | ||||||||||||
depreciation and amortization | 412,000,000 | 342,000,000 | 288,000,000 | 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 | 244,000,000 | 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 | 214,000,000 | 183,000,000 | 176,000,000 | 238,000,000 | 186,000,000 | 173,000,000 | 169,000,000 | 222,000,000 | 153,000,000 | 151,000,000 | 165,000,000 | 145,000,000 | 137,000,000 | 181,000,000 | 120,000,000 | 122,000,000 | 162,000,000 | 140,000,000 | 133,000,000 | 131,000,000 | 172,000,000 | 148,000,000 | 128,000,000 | 121,000,000 | 173,000,000 | 153,000,000 | 135,000,000 | 128,000,000 | 173,000,000 | 138,000,000 | 121,000,000 | 121,000,000 |
general taxes | 173,000,000 | 135,000,000 | 107,000,000 | 109,000,000 | 162,000,000 | 126,000,000 | 99,000,000 | 102,000,000 | 155,000,000 | 117,000,000 | 91,000,000 | 97,000,000 | 142,000,000 | 104,000,000 | 87,000,000 | 89,000,000 | 132,000,000 | 99,000,000 | 81,000,000 | 87,000,000 | 123,000,000 | 95,000,000 | 75,000,000 | 75,000,000 | 114,000,000 | 86,000,000 | 70,000,000 | 71,000,000 | 106,000,000 | 81,000,000 | 67,000,000 | 68,000,000 | 87,000,000 | 75,000,000 | 62,000,000 | 66,000,000 | 81,000,000 | 72,000,000 | 62,000,000 | 60,000,000 | 87,000,000 | 62,000,000 | 59,000,000 | 60,000,000 | 81,000,000 | 57,000,000 | 56,000,000 | 60,000,000 | 54,000,000 | 50,000,000 | 70,000,000 | 33,000,000 | 51,000,000 | 67,000,000 | 54,000,000 | 49,000,000 | 41,000,000 | 66,000,000 | 53,000,000 | 51,000,000 | 48,000,000 | 65,000,000 | 49,000,000 | 47,000,000 | 48,000,000 | 60,000,000 | 46,000,000 | 53,000,000 | 55,000,000 |
total operating expenses | 2,240,000,000 | 1,798,000,000 | 1,540,000,000 | 1,521,000,000 | 1,953,000,000 | 1,564,000,000 | 1,376,000,000 | 1,324,000,000 | 1,764,000,000 | 1,544,000,000 | 1,402,000,000 | 1,311,000,000 | 1,970,000,000 | 2,007,000,000 | 1,766,000,000 | 1,681,000,000 | 1,918,000,000 | 1,829,000,000 | 1,465,000,000 | 1,306,000,000 | 1,598,000,000 | 1,446,000,000 | 1,206,000,000 | 1,170,000,000 | 1,496,000,000 | 1,484,000,000 | 1,195,000,000 | 1,227,000,000 | 1,700,000,000 | 1,579,000,000 | 1,305,000,000 | 1,237,000,000 | 1,590,000,000 | 1,399,000,000 | 1,197,000,000 | 1,208,000,000 | 1,441,000,000 | 1,350,000,000 | 1,201,000,000 | 1,086,000,000 | 1,465,000,000 | 1,264,000,000 | 1,169,000,000 | 1,146,000,000 | 1,714,000,000 | 1,194,000,000 | 1,233,000,000 | 1,472,000,000 | 1,128,000,000 | 1,174,000,000 | 1,650,000,000 | 1,148,000,000 | 1,157,000,000 | 1,749,000,000 | 1,524,000,000 | 1,124,000,000 | 1,078,000,000 | ||||||||||||
operating income | 490,000,000 | 435,000,000 | 481,000,000 | 317,000,000 | 494,000,000 | 425,000,000 | 367,000,000 | 283,000,000 | 412,000,000 | 406,000,000 | 271,000,000 | 244,000,000 | 314,000,000 | 271,000,000 | 258,000,000 | 239,000,000 | 456,000,000 | 204,000,000 | 260,000,000 | 252,000,000 | 485,000,000 | 352,000,000 | 369,000,000 | 273,000,000 | 368,000,000 | 311,000,000 | 351,000,000 | 218,000,000 | 359,000,000 | 250,000,000 | 294,000,000 | 255,000,000 | 363,000,000 | 379,000,000 | 330,000,000 | 241,000,000 | 388,000,000 | 290,000,000 | 386,000,000 | 285,000,000 | 336,000,000 | 245,000,000 | 317,000,000 | 204,000,000 | 397,000,000 | 236,000,000 | 235,000,000 | 264,000,000 | 317,000,000 | 232,000,000 | 329,000,000 | 316,000,000 | 207,000,000 | 306,000,000 | 158,000,000 | 319,000,000 | 262,000,000 | 242,000,000 | 111,000,000 | 238,000,000 | 142,000,000 | 205,000,000 | 180,000,000 | 212,000,000 | 155,000,000 | 253,000,000 | -178,000,000 | 194,000,000 | 21,000,000 |
yoy | -0.81% | 2.35% | 31.06% | 12.01% | 19.90% | 4.68% | 35.42% | 15.98% | 31.21% | 49.82% | 5.04% | 2.09% | -31.14% | 32.84% | -0.77% | -5.16% | -5.98% | -42.05% | -29.54% | -7.69% | 31.79% | 13.18% | 5.13% | 25.23% | 2.51% | 24.40% | 19.39% | -14.51% | -1.10% | -34.04% | -10.91% | 5.81% | -6.44% | 30.69% | -14.51% | -15.44% | 15.48% | 18.37% | 21.77% | 39.71% | -15.37% | 3.81% | 34.89% | -22.73% | 25.24% | 1.72% | -28.57% | -16.46% | 53.14% | -24.18% | 108.23% | -0.94% | -20.99% | 26.45% | 42.34% | 34.03% | 84.51% | 18.05% | -38.33% | 12.26% | -8.39% | -18.97% | -201.12% | 9.28% | 638.10% | ||||
qoq | 12.64% | -9.56% | 51.74% | -35.83% | 16.24% | 15.80% | 29.68% | -31.31% | 1.48% | 49.82% | 11.07% | -22.29% | 15.87% | 5.04% | 7.95% | -47.59% | 123.53% | -21.54% | 3.17% | -48.04% | 37.78% | -4.61% | 35.16% | -25.82% | 18.33% | -11.40% | 61.01% | -39.28% | 43.60% | -14.97% | 15.29% | -29.75% | -4.22% | 14.85% | 36.93% | -37.89% | 33.79% | -24.87% | 35.44% | -15.18% | 37.14% | -22.71% | 55.39% | -48.61% | 68.22% | 0.43% | -10.98% | -16.72% | 36.64% | -29.48% | 4.11% | 52.66% | -32.35% | 93.67% | -50.47% | 21.76% | 8.26% | 118.02% | -53.36% | 67.61% | -30.73% | 13.89% | -15.09% | 36.77% | -38.74% | -242.13% | -191.75% | 823.81% | |
other income | 28,000,000 | 23,000,000 | 19,000,000 | 95,000,000 | 14,000,000 | 40,000,000 | 46,000,000 | 77,000,000 | 44,000,000 | 43,000,000 | 34,000,000 | 103,000,000 | 15,000,000 | 16,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 5,000,000 | 1,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 12,000,000 | 4,000,000 | 33,000,000 | 5,000,000 | 6,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 25,000,000 | 4,000,000 | 8,000,000 | ||||||
non-operating retirement benefits | 51,000,000 | 49,000,000 | 48,000,000 | 47,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 41,000,000 | 44,000,000 | 45,000,000 | 45,000,000 | 45,000,000 | 45,000,000 | 51,000,000 | 54,000,000 | 52,000,000 | 48,000,000 | 44,000,000 | 40,000,000 | 40,000,000 | 41,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other expense | -4,000,000 | -11,000,000 | -5,000,000 | -5,000,000 | -6,000,000 | -21,000,000 | -4,000,000 | -5,000,000 | -2,000,000 | -5,000,000 | -2,000,000 | -2,000,000 | -4,000,000 | -1,750,000 | -3,000,000 | -2,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 75,000,000 | 61,000,000 | 62,000,000 | 137,000,000 | 50,000,000 | 61,000,000 | 84,000,000 | 113,000,000 | 86,000,000 | 83,000,000 | 77,000,000 | 146,000,000 | 56,000,000 | 52,000,000 | 54,000,000 | 43,000,000 | 48,000,000 | 41,000,000 | 44,000,000 | 48,000,000 | 44,000,000 | -15,000,000 | 28,000,000 | 32,000,000 | 39,000,000 | 28,000,000 | 31,000,000 | 27,000,000 | 23,000,000 | -3,000,000 | 22,000,000 | 22,000,000 | 29,000,000 | 8,250,000 | 10,000,000 | 9,000,000 | 14,000,000 | 4,750,000 | 5,000,000 | 6,000,000 | 8,000,000 | 13,000,000 | 7,000,000 | 3,000,000 | 6,000,000 | 6,000,000 | -1,000,000 | 5,000,000 | 8,000,000 | 9,000,000 | 8,000,000 | 9,000,000 | -3,000,000 | 16,000,000 | 14,000,000 | ||||||||||||||
interest charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest on long-term debt | 209,000,000 | 208,000,000 | 204,000,000 | 199,000,000 | 187,000,000 | 181,000,000 | 176,000,000 | 171,000,000 | 172,000,000 | 162,000,000 | 158,000,000 | 152,000,000 | 144,000,000 | 139,000,000 | 127,000,000 | 122,000,000 | 121,000,000 | 122,000,000 | 120,000,000 | 120,000,000 | 119,000,000 | 122,000,000 | 124,000,000 | 121,000,000 | 116,000,000 | 112,000,000 | 111,000,000 | 110,000,000 | 106,000,000 | 108,000,000 | 101,000,000 | 103,000,000 | 100,000,000 | 102,000,000 | 101,000,000 | 103,000,000 | 100,000,000 | 105,000,000 | 103,000,000 | 103,000,000 | 100,000,000 | 98,000,000 | 95,000,000 | 97,000,000 | 96,000,000 | 98,000,000 | 99,000,000 | 96,000,000 | 96,000,000 | 99,000,000 | 94,000,000 | 99,000,000 | 99,000,000 | 100,000,000 | 101,000,000 | 97,000,000 | 98,000,000 | 98,000,000 | 103,000,000 | 96,000,000 | 95,000,000 | 89,000,000 | 92,000,000 | 86,000,000 | 84,000,000 | 87,000,000 | 87,000,000 | 96,000,000 | 100,000,000 |
interest expense – related parties | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||
other interest expense | -1,000,000 | -8,000,000 | -1,000,000 | 3,000,000 | 4,000,000 | 5,000,000 | 2,000,000 | 8,000,000 | 4,000,000 | 6,000,000 | 500,000 | 1,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 15,000,000 | 15,000,000 | 17,000,000 | 17,000,000 | 19,000,000 | 20,000,000 | 20,000,000 | 19,000,000 | 16,000,000 | 14,000,000 | 14,000,000 | 10,000,000 | 11,000,000 | 8,000,000 | 10,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | -6,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | ||||||||||||||||||||
allowance for borrowed funds used during construction | -8,000,000 | -2,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -7,000,000 | -5,000,000 | -6,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||
total interest charges | 203,000,000 | 201,000,000 | 203,000,000 | 199,000,000 | 186,000,000 | 180,000,000 | 178,000,000 | 173,000,000 | 177,000,000 | 172,000,000 | 164,000,000 | 160,000,000 | 147,000,000 | 139,000,000 | 130,000,000 | 126,000,000 | 124,000,000 | 126,000,000 | 125,000,000 | 125,000,000 | 136,000,000 | 140,000,000 | 143,000,000 | 141,000,000 | 137,000,000 | 134,000,000 | 133,000,000 | 131,000,000 | 121,000,000 | 121,000,000 | 114,000,000 | 112,000,000 | 111,000,000 | 110,000,000 | 111,000,000 | 110,000,000 | 107,000,000 | 111,000,000 | 110,000,000 | 108,000,000 | 106,000,000 | 91,000,000 | 101,000,000 | 103,000,000 | 101,000,000 | 101,000,000 | 101,000,000 | 99,000,000 | 99,000,000 | 102,000,000 | 98,000,000 | 104,000,000 | 104,000,000 | 105,000,000 | 107,000,000 | 102,000,000 | 117,000,000 | ||||||||||||
income before income taxes | 362,000,000 | 295,000,000 | 340,000,000 | 255,000,000 | 358,000,000 | 306,000,000 | 273,000,000 | 223,000,000 | 321,000,000 | 317,000,000 | 184,000,000 | 230,000,000 | 223,000,000 | 184,000,000 | 182,000,000 | 156,000,000 | 380,000,000 | 119,000,000 | 179,000,000 | 175,000,000 | 393,000,000 | 197,000,000 | 254,000,000 | 164,000,000 | 270,000,000 | 205,000,000 | 249,000,000 | 114,000,000 | 261,000,000 | 126,000,000 | 202,000,000 | 165,000,000 | 281,000,000 | 222,000,000 | 229,000,000 | 140,000,000 | 295,000,000 | 124,000,000 | 281,000,000 | 183,000,000 | 238,000,000 | 167,000,000 | 223,000,000 | 104,000,000 | 302,000,000 | 141,000,000 | 127,000,000 | 164,000,000 | 218,000,000 | 135,000,000 | 239,000,000 | 221,000,000 | 111,000,000 | 210,000,000 | 48,000,000 | 233,000,000 | 159,000,000 | 150,000,000 | 3,000,000 | 132,000,000 | 79,000,000 | 121,000,000 | 81,000,000 | 119,000,000 | 76,000,000 | 172,000,000 | -248,000,000 | 130,000,000 | -84,000,000 |
income tax expense | 85,000,000 | 53,000,000 | 68,000,000 | 62,000,000 | 63,000,000 | 51,000,000 | 26,000,000 | 41,000,000 | 58,000,000 | 66,000,000 | 11,000,000 | 41,000,000 | 29,000,000 | 21,000,000 | 19,000,000 | 14,000,000 | 39,000,000 | 5,000,000 | 26,000,000 | 22,000,000 | 51,000,000 | 35,000,000 | 44,000,000 | 27,000,000 | 27,000,000 | 37,000,000 | 42,000,000 | 20,000,000 | 48,000,000 | 17,000,000 | 33,000,000 | 25,000,000 | 40,000,000 | 224,000,000 | 57,000,000 | 47,000,000 | 96,000,000 | 46,000,000 | 95,000,000 | 58,000,000 | 74,000,000 | 60,000,000 | 75,000,000 | 36,000,000 | 100,000,000 | 47,000,000 | 43,000,000 | 62,000,000 | 91,000,000 | 54,000,000 | 95,000,000 | 81,000,000 | 10,000,000 | 77,000,000 | 17,000,000 | 87,000,000 | 59,000,000 | 61,000,000 | 32,000,000 | 51,000,000 | 29,000,000 | 48,000,000 | |||||||
net income | 277,000,000 | 242,000,000 | 272,000,000 | 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 | 168,000,000 | 207,000,000 | 94,000,000 | 109,000,000 | 169,000,000 | 140,000,000 | -2,000,000 | 172,000,000 | 93,000,000 | 78,000,000 | 186,000,000 | 125,000,000 | 107,000,000 | 148,000,000 | 68,000,000 | 94,000,000 | 84,000,000 | 102,000,000 | 127,000,000 | 81,000,000 | 140,000,000 | 101,000,000 | 135,000,000 | 25,000,000 | 146,000,000 | 84,000,000 | 88,000,000 | 7,000,000 | 81,000,000 | 79,000,000 | 73,000,000 | 64,000,000 | 81,000,000 | 49,000,000 | 106,000,000 | -124,000,000 | 84,000,000 | 36,000,000 | |||||||
yoy | -6.10% | -5.10% | 10.12% | 6.04% | 12.17% | 1.59% | 42.77% | -4.21% | 35.57% | 53.99% | 6.13% | 33.80% | -43.77% | -74.29% | -10.93% | -16.96% | 0.88% | 291.36% | -12.86% | 24.82% | -3.57% | 1.45% | 45.74% | 54.13% | 22.49% | -32.86% | -5550.00% | -1.74% | 50.54% | -102.56% | -7.53% | -25.60% | -27.10% | 25.68% | 83.82% | 13.83% | 76.19% | -33.33% | 16.05% | -27.14% | 25.74% | -40.00% | -4.11% | 20.24% | 53.41% | 257.14% | 80.25% | 6.33% | 20.55% | -89.06% | 0.00% | 61.22% | -31.13% | -151.61% | -3.57% | 36.11% | |||||||||||||
qoq | 14.46% | -11.03% | 40.93% | -34.58% | 15.69% | 3.24% | 35.71% | -30.80% | 4.78% | 45.09% | -8.95% | -2.06% | 19.02% | 0.00% | 14.79% | -58.84% | -45.58% | 246.45% | 7.02% | -50.00% | 111.11% | -22.86% | 53.28% | -18.84% | 120.21% | -35.50% | 20.71% | -101.16% | 84.95% | -58.06% | 48.80% | -27.70% | 117.65% | 11.90% | -17.65% | -19.69% | 56.79% | 38.61% | -25.19% | 440.00% | -82.88% | 73.81% | -4.55% | 1157.14% | -91.36% | 2.53% | 8.22% | 14.06% | -20.99% | 65.31% | -53.77% | -185.48% | -247.62% | 133.33% | |||||||||||||||
loss attributable to noncontrolling interests | -63,000,000 | -47,000,000 | -5,000,000 | -8,000,000 | -9,000,000 | -10,000,000 | -6,000,000 | -16,000,000 | -24,000,000 | -58,000,000 | -3,000,000 | -8,000,000 | -10,000,000 | -8,000,000 | -2,000,000 | -6,000,000 | -8,000,000 | -4,500,000 | -6,000,000 | -7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to cms energy | 340,000,000 | 289,000,000 | 277,000,000 | 201,000,000 | 304,000,000 | 265,000,000 | 253,000,000 | 198,000,000 | 287,000,000 | 309,000,000 | 176,000,000 | 198,000,000 | 204,000,000 | 171,000,000 | 165,000,000 | 148,000,000 | 353,000,000 | 139,000,000 | 100,000,000 | 25,000,000 | 145,000,000 | 82,000,000 | 88,000,000 | 5,000,000 | 75,000,000 | 77,000,000 | 72,000,000 | ||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | 338,000,000 | 286,000,000 | 275,000,000 | 198,000,000 | 302,000,000 | 262,000,000 | 251,000,000 | 195,000,000 | 285,000,000 | 306,000,000 | 174,000,000 | 195,000,000 | 202,000,000 | 168,000,000 | 163,000,000 | 145,000,000 | 351,000,000 | 176,000,000 | 349,000,000 | 158,000,000 | 218,000,000 | 136,000,000 | 243,000,000 | 167,000,000 | 207,000,000 | 93,000,000 | 213,000,000 | 108,000,000 | 169,000,000 | 139,000,000 | 241,000,000 | -3,000,000 | 172,000,000 | 92,000,000 | 199,000,000 | 77,000,000 | 186,000,000 | 124,000,000 | 164,000,000 | 106,000,000 | 148,000,000 | 67,000,000 | 202,000,000 | 94,000,000 | 83,000,000 | 102,000,000 | 126,000,000 | 80,000,000 | 144,000,000 | 139,000,000 | 100,000,000 | 135,000,000 | 25,000,000 | 134,000,000 | 80,000,000 | 85,000,000 | 2,000,000 | 73,000,000 | 74,000,000 | 69,000,000 | 61,000,000 | 79,000,000 | 46,000,000 | 103,000,000 | -127,000,000 | 82,000,000 | 33,000,000 | ||
basic earnings per average common share | 1,100,000 | 940,000 | 920,000 | 670,000 | 1,010,000 | 612,500 | 840,000 | 650,000 | 960,000 | 1,210,000 | 550,000 | 760,000 | 480,000 | 860,000 | 590,000 | 730,000 | 330,000 | 750,000 | 380,000 | 600,000 | 490,000 | 860,000 | -10,000 | 610,000 | 330,000 | 710,000 | 280,000 | 670,000 | 450,000 | 590,000 | 390,000 | 530,000 | 250,000 | 730,000 | 340,000 | 310,000 | |||||||||||||||||||||||||||||||||
diluted earnings per average common share | 1,100,000 | 940,000 | 920,000 | 660,000 | 1,010,000 | 612,500 | 840,000 | 650,000 | 960,000 | 1,210,000 | 550,000 | 760,000 | 480,000 | 850,000 | 580,000 | 730,000 | 330,000 | 750,000 | 380,000 | 590,000 | 490,000 | 860,000 | -10,000 | 610,000 | 330,000 | 710,000 | 280,000 | 670,000 | 450,000 | 590,000 | 380,000 | 530,000 | 250,000 | 730,000 | 340,000 | 300,000 | |||||||||||||||||||||||||||||||||
income from continuing operations | 255,000,000 | 247,000,000 | 182,000,000 | 251,000,000 | 173,000,000 | 189,000,000 | 194,000,000 | 163,000,000 | 163,000,000 | 142,000,000 | 341,000,000 | 114,000,000 | 153,000,000 | 153,000,000 | 102,000,000 | 127,000,000 | 81,000,000 | 144,000,000 | 140,000,000 | 101,000,000 | 133,000,000 | 31,000,000 | 146,000,000 | 100,000,000 | 89,000,000 | 16,000,000 | 81,000,000 | 50,000,000 | 64,000,000 | 80,000,000 | 50,000,000 | 106,000,000 | -122,000,000 | 84,000,000 | -55,000,000 | ||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of — for all periods | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of —, —, —, and 1 | 250,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of — and 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 750,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 3,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 5,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 9,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||
allowance for equity funds used during construction | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | |||||||||||||||||||||||||
income from equity method investees | 250,000 | 1,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | -2,000,000 | 3,000,000 | 4,000,000 | 5,000,000 | 2,000,000 | -1,000,000 | 3,000,000 | -1,000,000 | 4,000,000 | 3,000,000 | 5,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 1,000,000 | 5,000,000 | 3,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 1,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 5,000,000 | 4,000,000 | 2,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||
income from discontinued operations, net of tax of —, 9, 1, and 25 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of —, 7, 1, and 16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of 1 and 9 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income – related parties | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of 9, 4, 25, and 10 | 20,500,000 | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of 7, 3, 16, and 6 | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to noncontrolling interests | -5,000,000 | 4,000,000 | -8,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 6,000,000 | 2,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
nonoperating retirement benefits | 28,000,000 | 29,000,000 | 30,000,000 | 31,000,000 | 23,000,000 | 22,000,000 | 23,000,000 | 23,000,000 | 22,000,000 | 22,000,000 | 22,000,000 | 24,000,000 | 14,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 268,125 | 357,500 | 357,500 | 357,500 | 249,375 | 332,500 | 332,500 | 330,000 | 232,500 | 310,000 | 310,000 | 310,000 | 217,500 | 290,000 | 290,000 | 290,000 | 270,000 | 270,000 | 0.255 | 210,000 | 359,999.73 | 0.09 | 50,000 | 50,000 | 50,000 | ||||||||||||||||||||||||||||||||||||||||||||
gain on asset sales | -2,000,000 | -4,000,000 | -5,000,000 | -8,000,000 | -1,000,000 | -8,000,000 | -37,000,000 | 18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of -, -, -, and 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of - and 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in millions, except per share amounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended march 31 | 2,013 | 2,011,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts attributable to continuing operations | 144 | 133,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts attributable to discontinued operations | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings from continuing operations | 0.55 | 530,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings from discontinued operations | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings attributable to common stock | 0.55 | 540,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings from continuing operations | 0.53 | 510,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings from discontinued operations | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings attributable to common stock | 0.53 | 520,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchased power — related parties | 23,000,000 | 20,000,000 | 21,000,000 | 22,000,000 | 21,000,000 | 21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance settlement | -50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expense of -, -, 1 and 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
charge for deferred issuance costs on preferred stock | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax expense of —, 6, 1, and 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other interest | 6,000,000 | 6,000,000 | 6,000,000 | 20,000,000 | 8,000,000 | 33,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 11,000,000 | 12,000,000 | 14,000,000 | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax benefit of 1 and | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and dividends | 5,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 7,000,000 | 5,000,000 | 9,000,000 | 9,000,000 | 18,000,000 | 33,000,000 | 30,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax (tax benefit) of -, , 5 and 15 | -4,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax expense of 6, 17, 5 and 16 | -16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchased and interchange power — related parties | 21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses | 233,000,000 | 234,000,000 | 228,000,000 | 254,000,000 | 227,000,000 | 222,000,000 | 218,000,000 | 209,000,000 | 188,000,000 | 262,000,000 | 226,000,000 | 233,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maintenance | 42,000,000 | 57,000,000 | 52,000,000 | 63,000,000 | 48,000,000 | 53,000,000 | 51,000,000 | 49,000,000 | 40,000,000 | 46,000,000 | 45,000,000 | 49,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax benefit of and | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory return on capital expenditures | 5,000,000 | 7,000,000 | 6,000,000 | 7,000,000 | 8,000,000 | 9,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 9,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest on long-term debt — related parties | 1,750,000 | 1,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized interest | -750,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax of —, 1, 19 and — | 7,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax (tax benefit) of 19, , 19 and | 29,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from equity method investees | 2,000,000 | 5,000,000 | -1,000,000 | -1,000,000 | 4,000,000 | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charges, net of insurance recoveries | -76,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency gain | 250,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 16,000,000 | 37,000,000 | 25,000,000 | 64,000,000 | -137,000,000 | 46,000,000 | -29,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests | 60,500,000 | 82,000,000 | 51,000,000 | 108,000,000 | -81,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 1,500,000 | 2,000,000 | 1,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax (tax benefit) of 1, -, - and | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption premium on preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
september 30 | 502 | 2,008 | 501,750,000 | 2,007,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cms energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stock | 0.255 | 0.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charges | 38,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends of subsidiaries | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax (tax benefit) of , 62, and | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
june 30 | 2,007,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax benefit of 63 in 2007 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel costs mark-to-market at the mcv partnership | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests (obligations) | -61,000,000 | 133,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests (obligations) | 3,000,000 | 3,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax (tax benefit) of -, 11, , and 24 | -21,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from discontinued operations | -10,000 | 410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stock | -570,000 | 370,000 | 150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on asset sales | -14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest on long-term debt - related parties | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax (tax benefit) of 62, 14, , and 13 | 91,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2009-12-31 | 2009-06-30 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 175,000,000 | 509,000,000 | 362,000,000 | 844,000,000 | 465,000,000 | 103,000,000 | 412,000,000 | 699,000,000 | 802,000,000 | 227,000,000 | 157,000,000 | 389,000,000 | 571,000,000 | 168,000,000 | 77,000,000 | 446,000,000 | 452,000,000 | 102,000,000 | 153,000,000 | 496,000,000 | 168,000,000 | 519,000,000 | 1,587,000,000 | 834,000,000 | 140,000,000 | 403,000,000 | 312,000,000 | 234,000,000 | 153,000,000 | 323,000,000 | 477,000,000 | 195,000,000 | 182,000,000 | 142,000,000 | 418,000,000 | 433,000,000 | 385,000,000 | 177,000,000 | 1,025,000,000 | |||||||||||||||
restricted cash and cash equivalents | 88,000,000 | 106,000,000 | 70,000,000 | 81,000,000 | 61,000,000 | 75,000,000 | 55,000,000 | 90,000,000 | 59,000,000 | 21,000,000 | 27,000,000 | 17,000,000 | 27,000,000 | 27,000,000 | 19,000,000 | 28,000,000 | 24,000,000 | 30,000,000 | 18,000,000 | 28,000,000 | 17,000,000 | 39,000,000 | 17,000,000 | 27,000,000 | 17,000,000 | 29,000,000 | 22,000,000 | 33,000,000 | 21,000,000 | 42,000,000 | 17,000,000 | 26,000,000 | 17,000,000 | 27,000,000 | 17,000,000 | 30,000,000 | 18,000,000 | 28,000,000 | 31,000,000 | |||||||||||||||
accounts receivable and accrued revenue, less allowance of 32 in 2026 and 27 in 2025 | 1,402,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable – related parties | 14,000,000 | 17,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 14,000,000 | 9,000,000 | 8,000,000 | 9,000,000 | 11,000,000 | 9,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | 10,000,000 | 12,000,000 | 17,000,000 | 16,000,000 | 17,000,000 | 19,000,000 | 17,000,000 | 16,000,000 | 15,000,000 | 14,000,000 | 14,000,000 | 15,000,000 | 14,000,000 | 13,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | |||||||||||||||||||
inventories at average cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gas in underground storage | 257,000,000 | 427,000,000 | 566,000,000 | 402,000,000 | 247,000,000 | 435,000,000 | 536,000,000 | 419,000,000 | 326,000,000 | 587,000,000 | 725,000,000 | 570,000,000 | 437,000,000 | 1,057,000,000 | 606,000,000 | 233,000,000 | 462,000,000 | 556,000,000 | 318,000,000 | 195,000,000 | 353,000,000 | 420,000,000 | 285,000,000 | 225,000,000 | 399,000,000 | 505,000,000 | 353,000,000 | 256,000,000 | 450,000,000 | 551,000,000 | 367,000,000 | 244,000,000 | 458,000,000 | 584,000,000 | 395,000,000 | 243,000,000 | 377,000,000 | 314,000,000 | 887,000,000 | 1,476,000,000 | 993,000,000 | 623,000,000 | 1,301,000,000 | |||||||||||
materials and supplies | 338,000,000 | 329,000,000 | 307,000,000 | 305,000,000 | 310,000,000 | 299,000,000 | 294,000,000 | 280,000,000 | 273,000,000 | 267,000,000 | 255,000,000 | 244,000,000 | 228,000,000 | 196,000,000 | 184,000,000 | 174,000,000 | 168,000,000 | 173,000,000 | 172,000,000 | 162,000,000 | 155,000,000 | 154,000,000 | 150,000,000 | 143,000,000 | 140,000,000 | 142,000,000 | 147,000,000 | 148,000,000 | 143,000,000 | 140,000,000 | 143,000,000 | 136,000,000 | 133,000,000 | 126,000,000 | 121,000,000 | 118,000,000 | 119,000,000 | 120,000,000 | 115,000,000 | 110,000,000 | 95,000,000 | 97,000,000 | 83,000,000 | |||||||||||
generating plant fuel stock | 47,000,000 | 35,000,000 | 30,000,000 | 29,000,000 | 23,000,000 | 35,000,000 | 54,000,000 | 80,000,000 | 78,000,000 | 84,000,000 | 80,000,000 | 73,000,000 | 61,000,000 | 51,000,000 | 55,000,000 | 47,000,000 | 37,000,000 | 31,000,000 | 49,000,000 | 50,000,000 | 68,000,000 | 65,000,000 | 71,000,000 | 66,000,000 | 66,000,000 | 52,000,000 | 52,000,000 | 38,000,000 | 57,000,000 | 50,000,000 | 60,000,000 | 65,000,000 | 81,000,000 | 77,000,000 | 66,000,000 | 64,000,000 | 77,000,000 | 64,000,000 | 136,000,000 | 140,000,000 | 106,000,000 | 88,000,000 | 125,000,000 | |||||||||||
deferred property taxes | 385,000,000 | 479,000,000 | 294,000,000 | 324,000,000 | 360,000,000 | 448,000,000 | 277,000,000 | 309,000,000 | 344,000,000 | 426,000,000 | 255,000,000 | 282,000,000 | 310,000,000 | 234,000,000 | 258,000,000 | 287,000,000 | 356,000,000 | 215,000,000 | 243,000,000 | 267,000,000 | 332,000,000 | 199,000,000 | 223,000,000 | 246,000,000 | 305,000,000 | 184,000,000 | 204,000,000 | 226,000,000 | 279,000,000 | 167,000,000 | 187,000,000 | 207,000,000 | 257,000,000 | 157,000,000 | 179,000,000 | 203,000,000 | 174,000,000 | 193,000,000 | 128,000,000 | 111,000,000 | 124,000,000 | 136,000,000 | 103,000,000 | |||||||||||
regulatory assets | 94,000,000 | 104,000,000 | 84,000,000 | 132,000,000 | 173,000,000 | 229,000,000 | 180,000,000 | 183,000,000 | 201,000,000 | 203,000,000 | 169,000,000 | 182,000,000 | 203,000,000 | 15,000,000 | 23,000,000 | 34,000,000 | 46,000,000 | 11,000,000 | 21,000,000 | 30,000,000 | 42,000,000 | 9,000,000 | 16,000,000 | 24,000,000 | 33,000,000 | 7,000,000 | 18,000,000 | 26,000,000 | 37,000,000 | 10,000,000 | 14,000,000 | 15,000,000 | 20,000,000 | 19,000,000 | 9,000,000 | 12,000,000 | 7,000,000 | 11,000,000 | ||||||||||||||||
prepayments and other current assets | 225,000,000 | 160,000,000 | 98,000,000 | 140,000,000 | 115,000,000 | 103,000,000 | 92,000,000 | 100,000,000 | 110,000,000 | 80,000,000 | 91,000,000 | 125,000,000 | 130,000,000 | 103,000,000 | 167,000,000 | 158,000,000 | 120,000,000 | 130,000,000 | 139,000,000 | 145,000,000 | 112,000,000 | 148,000,000 | 162,000,000 | 101,000,000 | 86,000,000 | 86,000,000 | 83,000,000 | 97,000,000 | 101,000,000 | 103,000,000 | 93,000,000 | 101,000,000 | 83,000,000 | 118,000,000 | 117,000,000 | 120,000,000 | 102,000,000 | 91,000,000 | ||||||||||||||||
total current assets | 3,025,000,000 | 3,472,000,000 | 2,745,000,000 | 3,193,000,000 | 2,782,000,000 | 2,790,000,000 | 2,703,000,000 | 2,985,000,000 | 3,091,000,000 | 2,839,000,000 | 2,449,000,000 | 2,603,000,000 | 2,989,000,000 | 3,026,000,000 | 2,393,000,000 | 2,459,000,000 | 2,627,000,000 | 2,477,000,000 | 2,322,000,000 | 2,513,000,000 | 2,404,000,000 | 2,494,000,000 | 3,532,000,000 | 2,817,000,000 | 2,331,000,000 | 2,305,000,000 | 2,254,000,000 | 2,376,000,000 | 2,468,000,000 | 2,374,000,000 | 2,286,000,000 | 2,207,000,000 | 2,475,000,000 | 2,121,000,000 | 2,211,000,000 | 2,215,000,000 | 2,031,000,000 | 1,890,000,000 | ||||||||||||||||
plant, property, and equipment | 27,939,000,000 | 27,628,000,000 | 26,532,000,000 | 26,097,000,000 | 25,483,000,000 | 25,363,000,000 | 24,844,000,000 | 24,520,000,000 | 24,230,000,000 | 24,128,000,000 | 23,068,000,000 | 22,856,000,000 | 21,740,000,000 | 21,262,000,000 | 20,715,000,000 | 21,656,000,000 | 21,391,000,000 | 20,961,000,000 | 20,701,000,000 | 20,279,000,000 | 19,954,000,000 | 19,191,000,000 | 18,214,000,000 | 18,112,000,000 | 18,030,000,000 | 17,381,000,000 | 17,133,000,000 | 17,493,000,000 | 17,363,000,000 | 16,842,000,000 | 16,450,000,000 | 16,196,000,000 | 15,996,000,000 | 15,563,000,000 | 15,317,000,000 | 15,059,000,000 | 14,575,000,000 | 13,456,000,000 | ||||||||||||||||
plant, property, and equipment, gross | 38,323,000,000 | 37,763,000,000 | 36,583,000,000 | 35,962,000,000 | 35,281,000,000 | 34,932,000,000 | 34,156,000,000 | 33,680,000,000 | 33,236,000,000 | 33,135,000,000 | 31,997,000,000 | 31,592,000,000 | 30,866,000,000 | 30,125,000,000 | 29,426,000,000 | 30,199,000,000 | 29,893,000,000 | 29,450,000,000 | 29,027,000,000 | 28,457,000,000 | 27,907,000,000 | 27,036,000,000 | 25,911,000,000 | 25,675,000,000 | 25,390,000,000 | 24,645,000,000 | 24,263,000,000 | 24,729,000,000 | 24,400,000,000 | 23,751,000,000 | 23,258,000,000 | 22,878,000,000 | 22,506,000,000 | 21,966,000,000 | 21,628,000,000 | 21,265,000,000 | 20,497,000,000 | 19,334,000,000 | ||||||||||||||||
less accumulated depreciation and amortization | 10,384,000,000 | 10,135,000,000 | 10,051,000,000 | 9,865,000,000 | 9,798,000,000 | 9,569,000,000 | 9,312,000,000 | 9,160,000,000 | 9,006,000,000 | 9,007,000,000 | 8,929,000,000 | 8,736,000,000 | 9,126,000,000 | 8,863,000,000 | 8,711,000,000 | 8,543,000,000 | 8,502,000,000 | 8,489,000,000 | 8,326,000,000 | 8,178,000,000 | 7,953,000,000 | 7,845,000,000 | 7,697,000,000 | 7,563,000,000 | 7,360,000,000 | 7,264,000,000 | 7,130,000,000 | 7,236,000,000 | 7,037,000,000 | 6,909,000,000 | 6,808,000,000 | 6,682,000,000 | 6,510,000,000 | 6,403,000,000 | 6,311,000,000 | 6,206,000,000 | 5,922,000,000 | 5,878,000,000 | ||||||||||||||||
construction work in progress | 3,594,000,000 | 3,052,000,000 | 3,158,000,000 | 2,750,000,000 | 2,420,000,000 | 2,098,000,000 | 1,827,000,000 | 1,357,000,000 | 1,050,000,000 | 944,000,000 | 1,626,000,000 | 1,408,000,000 | 1,263,000,000 | 1,078,000,000 | 912,000,000 | 884,000,000 | 961,000,000 | 973,000,000 | 832,000,000 | 928,000,000 | 1,085,000,000 | 1,439,000,000 | 1,222,000,000 | 1,032,000,000 | 896,000,000 | 1,143,000,000 | 973,000,000 | 822,000,000 | 763,000,000 | 948,000,000 | 787,000,000 | 708,000,000 | 765,000,000 | 881,000,000 | 802,000,000 | 798,000,000 | 612,000,000 | 1,451,000,000 | 553,000,000 | |||||||||||||||
total plant, property, and equipment | 31,533,000,000 | 30,680,000,000 | 29,690,000,000 | 28,847,000,000 | 27,903,000,000 | 27,461,000,000 | 26,671,000,000 | 25,877,000,000 | 25,280,000,000 | 25,072,000,000 | 24,694,000,000 | 24,264,000,000 | 23,003,000,000 | 22,340,000,000 | 21,627,000,000 | 22,540,000,000 | 22,352,000,000 | 21,934,000,000 | 21,533,000,000 | 21,207,000,000 | 21,039,000,000 | 20,630,000,000 | 19,436,000,000 | 19,144,000,000 | 18,926,000,000 | 18,524,000,000 | 18,106,000,000 | 18,315,000,000 | 18,126,000,000 | 17,790,000,000 | 17,237,000,000 | 16,904,000,000 | 16,761,000,000 | 16,444,000,000 | 16,119,000,000 | 15,857,000,000 | 15,187,000,000 | 14,907,000,000 | ||||||||||||||||
other non‑current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 18,000,000 | 18,000,000 | 18,000,000 | 68,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 22,000,000 | 22,000,000 | 22,000,000 | 30,000,000 | 24,000,000 | 23,000,000 | 28,000,000 | 29,000,000 | 30,000,000 | 30,000,000 | 18,000,000 | 18,000,000 | |||||||||||||||||||||||||||||||||||
investments | 65,000,000 | 61,000,000 | 64,000,000 | 62,000,000 | 71,000,000 | 69,000,000 | 74,000,000 | 73,000,000 | 73,000,000 | 76,000,000 | 74,000,000 | 72,000,000 | 72,000,000 | 70,000,000 | 69,000,000 | 71,000,000 | 71,000,000 | 73,000,000 | 71,000,000 | 72,000,000 | 70,000,000 | 68,000,000 | 68,000,000 | 72,000,000 | 71,000,000 | 68,000,000 | 64,000,000 | 62,000,000 | 69,000,000 | 72,000,000 | 74,000,000 | 67,000,000 | 64,000,000 | 71,000,000 | 68,000,000 | 66,000,000 | 66,000,000 | 64,000,000 | ||||||||||||||||
postretirement benefits | 2,005,000,000 | 1,957,000,000 | 1,744,000,000 | 1,705,000,000 | 1,666,000,000 | 1,627,000,000 | 1,591,000,000 | 1,550,000,000 | 1,509,000,000 | 1,468,000,000 | 1,307,000,000 | 1,274,000,000 | 1,241,000,000 | 136,000,000 | 137,000,000 | 140,000,000 | 142,000,000 | 147,000,000 | 149,000,000 | 151,000,000 | 152,000,000 | 382,000,000 | 140,000,000 | 141,000,000 | 674,000,000 | 447,000,000 | 443,000,000 | 440,000,000 | 436,000,000 | 797,000,000 | 787,000,000 | 778,000,000 | 766,000,000 | 760,000,000 | 770,000,000 | 781,000,000 | 570,000,000 | 581,000,000 | 1,386,000,000 | 849,000,000 | 867,000,000 | 883,000,000 | 1,032,000,000 | |||||||||||
other | 341,000,000 | 398,000,000 | 202,000,000 | 254,000,000 | 310,000,000 | 384,000,000 | 198,000,000 | 263,000,000 | 318,000,000 | 357,000,000 | 166,000,000 | 221,000,000 | 254,000,000 | 1,481,000,000 | 1,555,000,000 | 1,502,000,000 | 1,414,000,000 | 817,000,000 | 819,000,000 | 873,000,000 | 869,000,000 | 688,000,000 | 707,000,000 | 723,000,000 | 739,000,000 | 492,000,000 | 519,000,000 | 538,000,000 | 478,000,000 | 629,000,000 | 779,000,000 | 789,000,000 | 799,000,000 | 269,000,000 | 294,000,000 | 321,000,000 | 285,000,000 | 315,000,000 | 33,000,000 | 34,000,000 | 34,000,000 | 34,000,000 | 34,000,000 | |||||||||||
total other non‑current assets | 5,727,000,000 | 5,789,000,000 | 5,573,000,000 | 5,659,000,000 | 5,610,000,000 | 5,669,000,000 | 5,443,000,000 | 5,493,000,000 | 5,530,000,000 | 5,606,000,000 | 5,370,000,000 | 5,398,000,000 | 5,394,000,000 | 5,006,000,000 | 5,020,000,000 | 3,741,000,000 | 3,774,000,000 | 6,102,000,000 | 6,098,000,000 | 6,003,000,000 | 6,223,000,000 | 5,580,000,000 | ||||||||||||||||||||||||||||||||
total assets | 40,285,000,000 | 39,941,000,000 | 38,008,000,000 | 37,699,000,000 | 36,295,000,000 | 35,920,000,000 | 34,817,000,000 | 34,355,000,000 | 33,901,000,000 | 33,517,000,000 | 32,513,000,000 | 32,265,000,000 | 31,386,000,000 | 30,372,000,000 | 29,040,000,000 | 28,740,000,000 | 28,753,000,000 | 30,513,000,000 | 29,953,000,000 | 29,723,000,000 | 29,666,000,000 | 29,280,000,000 | 28,581,000,000 | 27,447,000,000 | 26,837,000,000 | 26,009,000,000 | 25,292,000,000 | 24,793,000,000 | 24,529,000,000 | 23,913,000,000 | 23,312,000,000 | 22,868,000,000 | 23,050,000,000 | 22,120,000,000 | 21,867,000,000 | 21,623,000,000 | 20,463,000,000 | 20,037,000,000 | 15,277,000,000 | 14,077,000,000 | 13,890,000,000 | 14,242,000,000 | 14,304,000,000 | |||||||||||
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
in millions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt and finance leases | 1,360,000,000 | 956,000,000 | 1,162,000,000 | 1,125,000,000 | 707,000,000 | 1,195,000,000 | 507,000,000 | 772,000,000 | 772,000,000 | 980,000,000 | 1,043,000,000 | 1,132,000,000 | 1,433,000,000 | |||||||||||||||||||||||||||||||||||||||||
accounts payable | 1,231,000,000 | 1,395,000,000 | 1,141,000,000 | 1,139,000,000 | 943,000,000 | 1,085,000,000 | 947,000,000 | 789,000,000 | 644,000,000 | 802,000,000 | 839,000,000 | 752,000,000 | 679,000,000 | 949,000,000 | 906,000,000 | 687,000,000 | 875,000,000 | 787,000,000 | 659,000,000 | 538,000,000 | 671,000,000 | 662,000,000 | 629,000,000 | 490,000,000 | 622,000,000 | 598,000,000 | 627,000,000 | 544,000,000 | 723,000,000 | 680,000,000 | 623,000,000 | 534,000,000 | 725,000,000 | 624,000,000 | 599,000,000 | 479,000,000 | 559,000,000 | 534,000,000 | 406,000,000 | 417,000,000 | 478,000,000 | 396,000,000 | 392,000,000 | |||||||||||
accounts payable – related parties | 7,000,000 | 9,000,000 | 8,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 11,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 5,000,000 | 6,000,000 | 7,000,000 | 13,000,000 | 9,000,000 | 9,000,000 | 6,000,000 | 10,000,000 | 9,000,000 | 6,000,000 | 6,000,000 | 15,000,000 | 8,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | ||||||||||||||||
accrued rate refunds | 28,000,000 | 9,000,000 | 4,000,000 | 2,000,000 | 38,000,000 | 53,000,000 | 50,000,000 | 28,000,000 | 54,000,000 | 29,000,000 | 21,000,000 | 28,000,000 | 12,000,000 | 9,000,000 | 21,000,000 | 2,000,000 | 20,000,000 | 28,000,000 | 44,000,000 | 42,000,000 | 35,000,000 | 18,000,000 | 34,000,000 | 25,000,000 | 4,000,000 | 14,000,000 | 45,000,000 | 46,000,000 | 33,000,000 | 35,000,000 | 77,000,000 | 73,000,000 | 41,000,000 | 34,000,000 | 58,000,000 | 11,000,000 | 66,000,000 | 24,000,000 | 29,000,000 | |||||||||||||||
accrued interest | 207,000,000 | 182,000,000 | 204,000,000 | 170,000,000 | 168,000,000 | 156,000,000 | 161,000,000 | 155,000,000 | 169,000,000 | 142,000,000 | 157,000,000 | 145,000,000 | 125,000,000 | 117,000,000 | 107,000,000 | 112,000,000 | 107,000,000 | 112,000,000 | 103,000,000 | 113,000,000 | 106,000,000 | 108,000,000 | 109,000,000 | 100,000,000 | 104,000,000 | 99,000,000 | 95,000,000 | 109,000,000 | 94,000,000 | 83,000,000 | 102,000,000 | 77,000,000 | 103,000,000 | 79,000,000 | 104,000,000 | 73,000,000 | 107,000,000 | 72,000,000 | 113,000,000 | 78,000,000 | 99,000,000 | 82,000,000 | 96,000,000 | |||||||||||
accrued taxes | 516,000,000 | 708,000,000 | 200,000,000 | 461,000,000 | 474,000,000 | 654,000,000 | 183,000,000 | 449,000,000 | 455,000,000 | 612,000,000 | 159,000,000 | 405,000,000 | 408,000,000 | 178,000,000 | 392,000,000 | 389,000,000 | 515,000,000 | 146,000,000 | 357,000,000 | 360,000,000 | 457,000,000 | 128,000,000 | 326,000,000 | 330,000,000 | 437,000,000 | 125,000,000 | 295,000,000 | 295,000,000 | 398,000,000 | 107,000,000 | 267,000,000 | 265,000,000 | 360,000,000 | 90,000,000 | 256,000,000 | 260,000,000 | 252,000,000 | 254,000,000 | 225,000,000 | 119,000,000 | 226,000,000 | 245,000,000 | 155,000,000 | |||||||||||
regulatory liabilities | 87,000,000 | 85,000,000 | 89,000,000 | 93,000,000 | 99,000,000 | 111,000,000 | 120,000,000 | 120,000,000 | 72,000,000 | 56,000,000 | 75,000,000 | 88,000,000 | 107,000,000 | 67,000,000 | 76,000,000 | 92,000,000 | 146,000,000 | 191,000,000 | 214,000,000 | 204,000,000 | 151,000,000 | 69,000,000 | 84,000,000 | 88,000,000 | 87,000,000 | 72,000,000 | 67,000,000 | 107,000,000 | 155,000,000 | 165,000,000 | 159,000,000 | 134,000,000 | 80,000,000 | 85,000,000 | 85,000,000 | 85,000,000 | 78,000,000 | 76,000,000 | 114,000,000 | 159,000,000 | 204,000,000 | 126,000,000 | 176,000,000 | |||||||||||
other current liabilities | 184,000,000 | 185,000,000 | 239,000,000 | 197,000,000 | 226,000,000 | 209,000,000 | 213,000,000 | 186,000,000 | 148,000,000 | 149,000,000 | 163,000,000 | 187,000,000 | 154,000,000 | 170,000,000 | 181,000,000 | 144,000,000 | 156,000,000 | 183,000,000 | 174,000,000 | 155,000,000 | 156,000,000 | 193,000,000 | 181,000,000 | 162,000,000 | 186,000,000 | 170,000,000 | 182,000,000 | 148,000,000 | 147,000,000 | 134,000,000 | 117,000,000 | 134,000,000 | 195,000,000 | 130,000,000 | 145,000,000 | 135,000,000 | 127,000,000 | 118,000,000 | ||||||||||||||||
total current liabilities | 3,592,000,000 | 3,548,000,000 | 3,052,000,000 | 3,196,000,000 | 2,627,000,000 | 3,521,000,000 | 2,191,000,000 | 2,528,000,000 | 2,295,000,000 | 2,895,000,000 | 2,719,000,000 | 2,737,000,000 | 2,942,000,000 | 2,488,000,000 | 2,389,000,000 | 1,814,000,000 | 2,204,000,000 | 3,254,000,000 | 3,114,000,000 | 2,885,000,000 | 3,074,000,000 | 2,992,000,000 | 3,123,000,000 | 2,940,000,000 | 2,704,000,000 | 2,165,000,000 | 2,386,000,000 | 2,106,000,000 | 2,624,000,000 | 3,442,000,000 | 2,535,000,000 | 2,482,000,000 | 2,784,000,000 | 2,261,000,000 | 2,115,000,000 | 1,926,000,000 | 2,091,000,000 | 2,047,000,000 | ||||||||||||||||
non‑current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 17,456,000,000 | 17,807,000,000 | 16,774,000,000 | 16,781,000,000 | 16,148,000,000 | 15,194,000,000 | 15,548,000,000 | 14,917,000,000 | 14,973,000,000 | 14,508,000,000 | 14,114,000,000 | 13,925,000,000 | 12,985,000,000 | 12,685,000,000 | 11,667,000,000 | 12,045,000,000 | 12,046,000,000 | 12,027,000,000 | 11,728,000,000 | 13,561,000,000 | 13,634,000,000 | 13,275,000,000 | 13,414,000,000 | 12,545,000,000 | 11,951,000,000 | 12,040,000,000 | 11,236,000,000 | 11,105,000,000 | 10,615,000,000 | 8,869,000,000 | 9,272,000,000 | 8,996,000,000 | 9,123,000,000 | 9,024,000,000 | 9,091,000,000 | 9,129,000,000 | 8,486,000,000 | 8,170,000,000 | 6,356,000,000 | 5,718,000,000 | 5,520,000,000 | 5,544,000,000 | 5,390,000,000 | |||||||||||
non-current portion of finance leases | 262,000,000 | 135,000,000 | 137,000,000 | 139,000,000 | 111,000,000 | 112,000,000 | 112,000,000 | 79,000,000 | 61,000,000 | 62,000,000 | 63,000,000 | 65,000,000 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||
aros | 797,000,000 | 792,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred investment tax credit | 117,000,000 | 118,000,000 | 119,000,000 | 120,000,000 | 121,000,000 | 122,000,000 | 123,000,000 | 124,000,000 | 125,000,000 | 126,000,000 | 127,000,000 | 127,000,000 | 128,000,000 | 130,000,000 | 131,000,000 | 111,000,000 | 112,000,000 | 113,000,000 | 113,000,000 | 114,000,000 | 115,000,000 | 116,000,000 | 118,000,000 | 119,000,000 | 120,000,000 | 116,000,000 | 117,000,000 | 98,000,000 | 99,000,000 | 101,000,000 | 102,000,000 | 86,000,000 | 87,000,000 | 88,000,000 | 89,000,000 | 72,000,000 | 73,000,000 | 55,000,000 | 53,000,000 | 56,000,000 | 56,000,000 | 57,000,000 | 59,000,000 | |||||||||||
deferred income taxes | 3,345,000,000 | 3,252,000,000 | 3,172,000,000 | 3,079,000,000 | 3,002,000,000 | 2,925,000,000 | 2,837,000,000 | 2,785,000,000 | 2,679,000,000 | 2,615,000,000 | 2,541,000,000 | 2,503,000,000 | 2,451,000,000 | 2,367,000,000 | 2,326,000,000 | 2,315,000,000 | 2,210,000,000 | 2,014,000,000 | 1,966,000,000 | 1,926,000,000 | 1,863,000,000 | 1,821,000,000 | 1,763,000,000 | 1,722,000,000 | 1,655,000,000 | 1,588,000,000 | 1,548,000,000 | 1,544,000,000 | 1,487,000,000 | 1,382,000,000 | 1,344,000,000 | 1,326,000,000 | 1,269,000,000 | 2,501,000,000 | 2,422,000,000 | 2,390,000,000 | 2,127,000,000 | 2,078,000,000 | 129,000,000 | 48,000,000 | 78,000,000 | 186,000,000 | ||||||||||||
other non‑current liabilities | 417,000,000 | 392,000,000 | 396,000,000 | 409,000,000 | 370,000,000 | 407,000,000 | 427,000,000 | 429,000,000 | 413,000,000 | 415,000,000 | 429,000,000 | 415,000,000 | 407,000,000 | 383,000,000 | 382,000,000 | 371,000,000 | 375,000,000 | 377,000,000 | 382,000,000 | 397,000,000 | 398,000,000 | 383,000,000 | ||||||||||||||||||||||||||||||||
total non‑current liabilities | 26,642,000,000 | 26,682,000,000 | 25,525,000,000 | 25,532,000,000 | 24,745,000,000 | 23,651,000,000 | 23,985,000,000 | 23,286,000,000 | 23,100,000,000 | 22,497,000,000 | 22,036,000,000 | 21,822,000,000 | 20,792,000,000 | 20,380,000,000 | 19,180,000,000 | 19,521,000,000 | 19,361,000,000 | 20,606,000,000 | 20,473,000,000 | 20,536,000,000 | 20,515,000,000 | 19,078,000,000 | ||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | |||||||||||
other paid-in capital | 6,669,000,000 | 6,510,000,000 | 6,355,000,000 | 5,998,000,000 | 5,975,000,000 | 6,009,000,000 | 6,001,000,000 | 5,991,000,000 | 5,975,000,000 | 5,705,000,000 | 5,515,000,000 | 5,506,000,000 | 5,494,000,000 | 5,423,000,000 | 5,417,000,000 | 5,406,000,000 | 5,406,000,000 | 5,397,000,000 | 5,389,000,000 | 5,371,000,000 | 5,365,000,000 | 5,225,000,000 | 5,217,000,000 | 5,207,000,000 | 5,113,000,000 | 5,104,000,000 | 5,097,000,000 | 5,087,000,000 | 5,088,000,000 | 5,083,000,000 | 5,076,000,000 | 5,037,000,000 | 5,019,000,000 | 5,013,000,000 | 5,006,000,000 | 4,927,000,000 | 4,906,000,000 | 4,897,000,000 | 4,552,000,000 | 4,491,000,000 | 4,488,000,000 | 4,483,000,000 | 4,476,000,000 | |||||||||||
accumulated other comprehensive loss | -35,000,000 | -36,000,000 | -41,000,000 | -41,000,000 | -41,000,000 | -41,000,000 | -45,000,000 | -45,000,000 | -45,000,000 | -46,000,000 | -51,000,000 | -51,000,000 | -51,000,000 | -52,000,000 | -52,000,000 | -54,000,000 | -59,000,000 | -81,000,000 | -82,000,000 | -84,000,000 | -86,000,000 | -79,000,000 | -76,000,000 | -76,000,000 | -73,000,000 | -67,000,000 | -67,000,000 | -66,000,000 | -65,000,000 | -59,000,000 | -61,000,000 | -27,000,000 | -17,000,000 | -22,000,000 | -149,000,000 | -136,000,000 | ||||||||||||||||||
retained earnings | 2,605,000,000 | 2,443,000,000 | 2,323,000,000 | 2,210,000,000 | 2,174,000,000 | 2,035,000,000 | 1,928,000,000 | 1,830,000,000 | 1,789,000,000 | 1,658,000,000 | 1,495,000,000 | 1,463,000,000 | 1,410,000,000 | 1,315,000,000 | 1,286,000,000 | 1,275,000,000 | 1,057,000,000 | 547,000,000 | 487,000,000 | 437,000,000 | 214,000,000 | 171,000,000 | 70,000,000 | 51,000,000 | ||||||||||||||||||||||||||||||
total common stockholders’ equity | 9,242,000,000 | 8,920,000,000 | 8,640,000,000 | 8,170,000,000 | 8,111,000,000 | 8,006,000,000 | 7,887,000,000 | 7,779,000,000 | 7,722,000,000 | 7,320,000,000 | 6,962,000,000 | 6,921,000,000 | 6,856,000,000 | 6,689,000,000 | 6,654,000,000 | 6,630,000,000 | 6,407,000,000 | 5,866,000,000 | 5,797,000,000 | 5,727,000,000 | 5,496,000,000 | 5,320,000,000 | 5,214,000,000 | 5,185,000,000 | 5,018,000,000 | 4,957,000,000 | 4,851,000,000 | 4,858,000,000 | 4,755,000,000 | 4,749,000,000 | 4,672,000,000 | 4,596,000,000 | 4,441,000,000 | 4,535,000,000 | 4,449,000,000 | 4,370,000,000 | 4,156,000,000 | 4,109,000,000 | ||||||||||||||||
cumulative redeemable perpetual preferred stock, series c, authorized 9.2 depositary shares; outstanding 9.2 depositary shares in both periods | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | 224,000,000 | ||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 9,466,000,000 | 9,144,000,000 | 8,864,000,000 | 8,394,000,000 | 8,335,000,000 | 8,230,000,000 | 8,111,000,000 | 8,003,000,000 | 7,946,000,000 | 7,544,000,000 | 7,186,000,000 | 7,145,000,000 | 7,080,000,000 | 6,913,000,000 | 6,878,000,000 | 6,854,000,000 | 6,631,000,000 | 6,090,000,000 | ||||||||||||||||||||||||||||||||||||
noncontrolling interests | 585,000,000 | 567,000,000 | 567,000,000 | 577,000,000 | 588,000,000 | 518,000,000 | 530,000,000 | 538,000,000 | 560,000,000 | 581,000,000 | 572,000,000 | 561,000,000 | 572,000,000 | 591,000,000 | 593,000,000 | 551,000,000 | 557,000,000 | 563,000,000 | 569,000,000 | 575,000,000 | 581,000,000 | 578,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 51,000,000 | |||||||||||||||
total equity | 10,051,000,000 | 9,711,000,000 | 9,431,000,000 | 8,971,000,000 | 8,923,000,000 | 8,748,000,000 | 8,641,000,000 | 8,541,000,000 | 8,506,000,000 | 8,125,000,000 | 7,758,000,000 | 7,706,000,000 | 7,652,000,000 | 7,504,000,000 | 7,471,000,000 | 7,405,000,000 | 7,188,000,000 | 6,653,000,000 | 6,366,000,000 | 6,302,000,000 | 6,077,000,000 | 5,898,000,000 | 5,251,000,000 | 5,222,000,000 | 5,055,000,000 | 4,994,000,000 | 4,888,000,000 | 4,895,000,000 | 4,792,000,000 | 4,786,000,000 | 4,709,000,000 | 4,633,000,000 | 4,478,000,000 | 4,572,000,000 | 4,486,000,000 | 4,407,000,000 | 4,193,000,000 | 4,146,000,000 | 2,920,000,000 | |||||||||||||||
total liabilities and equity | 40,285,000,000 | 39,941,000,000 | 38,008,000,000 | 37,699,000,000 | 36,295,000,000 | 35,920,000,000 | 34,817,000,000 | 34,355,000,000 | 33,901,000,000 | 33,517,000,000 | 32,513,000,000 | 32,265,000,000 | 31,386,000,000 | 30,372,000,000 | 29,040,000,000 | 28,740,000,000 | 28,753,000,000 | 30,513,000,000 | 29,953,000,000 | 29,723,000,000 | 29,666,000,000 | 29,280,000,000 | 28,581,000,000 | 27,447,000,000 | 26,837,000,000 | 26,009,000,000 | 25,292,000,000 | 24,793,000,000 | 24,529,000,000 | 23,913,000,000 | 23,312,000,000 | 22,868,000,000 | 23,050,000,000 | 22,120,000,000 | 21,867,000,000 | 21,623,000,000 | 20,463,000,000 | 20,037,000,000 | ||||||||||||||||
accounts receivable and accrued revenue, less allowance of 27 in 2025 and 23 in 2024 | 1,306,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
december 31 | 2,025,000,000 | 2,024,000,000 | 2,023,000,000 | 2,021,000,000 | 2,020,000,000 | 2,019,000,000 | 2,018,000,000 | 2,017,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 65,000,000 | 93,000,000 | 247,000,000 | 45,000,000 | 90,000,000 | 30,000,000 | 97,000,000 | 279,000,000 | 170,000,000 | 230,000,000 | 19,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 28 in 2025 and 23 in 2024 | 922,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
asset retirement obligations | 731,000,000 | 747,000,000 | 725,000,000 | 728,000,000 | 761,000,000 | 769,000,000 | 777,000,000 | 771,000,000 | 768,000,000 | 759,000,000 | 762,000,000 | 747,000,000 | 620,000,000 | 619,000,000 | 628,000,000 | 599,000,000 | 607,000,000 | 564,000,000 | 553,000,000 | 510,000,000 | 483,000,000 | 485,000,000 | 477,000,000 | 451,000,000 | 438,000,000 | 433,000,000 | 432,000,000 | 421,000,000 | 426,000,000 | 427,000,000 | 430,000,000 | 443,000,000 | 452,000,000 | 451,000,000 | 442,000,000 | 440,000,000 | ||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 30 in 2025 and 23 in 2024 | 924,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 29 in 2025 and 23 in 2024 | 1,016,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 23 in 2024 and 21 in 2023 | 1,049,000,000 | 817,000,000 | 889,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 22 in 2024 and 21 in 2023 | 794,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 21 in 2023 and 27 in 2022 | 933,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 26 in 2023 and 27 in 2022 | 681,000,000 | 1,009,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 27 in both periods | 708,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 813,000,000 | 240,000,000 | 300,000,000 | -215,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 1,126,000,000 | 570,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes and investment tax credits | 89,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense | 50,000,000 | 54,000,000 | 51,000,000 | 37,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefits contributions | -12,000,000 | -262,000,000 | -51,000,000 | -184,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sale of enerbank | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other non‑cash operating activities and reconciling adjustments | -93,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue | -677,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | -450,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued rate refunds | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets and liabilities | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other non‑current assets and liabilities | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 855,000,000 | 848,000,000 | 559,000,000 | 27,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -2,374,000,000 | -818,000,000 | -792,000,000 | -1,263,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of enerbank | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of transmission equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost to retire property and other investing activities | -107,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -2,476,000,000 | -935,000,000 | -839,000,000 | 658,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of debt | 1,899,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of debt | -106,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in notes payable | 20,000,000 | 40,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 69,000,000 | 9,000,000 | 9,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of dividends on common and preferred stock | -546,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
debt prepayment costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of membership interest in vie to tax equity investor | 49,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution from noncontrolling interest | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other financing costs | -60,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 1,327,000,000 | -35,000,000 | 145,000,000 | -690,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 26 in 2022 and 20 in 2021 | 1,161,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt, finance leases, and other financing | 1,000,000,000 | 674,000,000 | 382,000,000 | 382,000,000 | 585,000,000 | 589,000,000 | 1,506,000,000 | 1,506,000,000 | 1,799,000,000 | 1,744,000,000 | 1,721,000,000 | 1,130,000,000 | 1,074,000,000 | 1,077,000,000 | 842,000,000 | |||||||||||||||||||||||||||||||||||||||
non-current portion of finance leases and other financing | 70,000,000 | 44,000,000 | 46,000,000 | 46,000,000 | 48,000,000 | 50,000,000 | 51,000,000 | 56,000,000 | 61,000,000 | 67,000,000 | 71,000,000 | 76,000,000 | 81,000,000 | 86,000,000 | 91,000,000 | |||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 24 in 2022 and 20 in 2021 | 991,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 20 in both periods | 1,042,000,000 | 749,000,000 | 997,000,000 | 710,000,000 | 708,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 20 in 2021 and 29 in 2020 | 931,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 19,000,000 | 494,000,000 | 448,000,000 | 40,000,000 | 39,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 1,233,000,000 | 990,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative preferred stock, series c, authorized 9.2 depositary shares in 2021; outstanding 9.2 depositary shares in 2021 | 224,000,000 | 224,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 24 in 2021 and 29 in 2020 | 713,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued gas revenue | 5,000,000 | 1,000,000 | 6,000,000 | 10,000,000 | 18,000,000 | 16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 27 in 2021 and 29 in 2020 | 745,000,000 | 839,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 29 in 2021 and 32 in 2020 | 284,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts and notes receivable | 2,445,000,000 | 2,631,000,000 | 21,000,000 | 20,000,000 | 25,000,000 | 2,281,000,000 | 2,253,000,000 | 2,005,000,000 | 1,791,000,000 | 1,645,000,000 | 1,393,000,000 | 1,246,000,000 | 1,183,000,000 | 1,187,000,000 | 1,177,000,000 | 1,125,000,000 | 1,092,000,000 | 1,098,000,000 | 1,034,000,000 | |||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 29 in 2020 and 20 in 2019 | 863,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 32 in 2020 and 33 in 2019 | 275,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 30 in 2020 and 20 in 2019 | 648,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 35 in 2020 and 33 in 2019 | 272,000,000 | 264,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other non-current assets | 6,156,000,000 | 5,613,000,000 | 5,486,000,000 | 5,180,000,000 | 4,932,000,000 | 4,102,000,000 | 3,935,000,000 | 3,749,000,000 | 3,789,000,000 | 3,757,000,000 | 3,814,000,000 | 3,555,000,000 | 3,537,000,000 | 3,551,000,000 | 3,245,000,000 | 3,240,000,000 | ||||||||||||||||||||||||||||||||||||||
non-current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-current liabilities | 429,000,000 | 413,000,000 | 395,000,000 | 373,000,000 | 364,000,000 | 345,000,000 | 294,000,000 | 295,000,000 | 305,000,000 | 307,000,000 | 307,000,000 | 308,000,000 | 289,000,000 | 295,000,000 | 301,000,000 | 314,000,000 | ||||||||||||||||||||||||||||||||||||||
total non-current liabilities | 20,390,000,000 | 20,207,000,000 | 19,285,000,000 | 18,850,000,000 | 18,018,000,000 | 17,792,000,000 | 17,113,000,000 | 15,685,000,000 | 16,068,000,000 | 15,753,000,000 | 15,788,000,000 | 15,287,000,000 | 15,266,000,000 | 15,290,000,000 | 14,179,000,000 | 13,844,000,000 | ||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 33 in 2020 and 20 in 2019 | 737,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 22 in 2020 and 20 in 2019 | 884,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 33 in both periods | 241,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable held for sale | 19,000,000 | 26,000,000 | 2,000,000 | 2,000,000 | 31,000,000 | 18,000,000 | 19,000,000 | 15,000,000 | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowances of 20 in both periods | 886,000,000 | 964,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowances of 33 in 2019 and 24 in 2018 | 223,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -25,000,000 | -83,000,000 | -182,000,000 | -166,000,000 | -271,000,000 | -278,000,000 | -346,000,000 | -1,945,000,000 | -2,047,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 21 in 2019 and 20 in 2018 | 641,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 33 in 2019 and 24 in 2018 | 234,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 28 in 2019 and 24 in 2018 | 249,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 26 in 2019 and 24 in 2018 | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowances of 24 in 2018 and 20 in 2017 | 233,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt, capital leases, and financing obligation | 996,000,000 | 1,971,000,000 | 1,216,000,000 | 1,286,000,000 | 1,103,000,000 | 980,000,000 | 840,000,000 | 812,000,000 | 918,000,000 | 950,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
non-current portion of capital leases and financing obligation | 69,000,000 | 75,000,000 | 81,000,000 | 86,000,000 | 91,000,000 | 97,000,000 | 99,000,000 | 104,000,000 | 110,000,000 | 114,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 23 in 2018 and 20 in 2017 | 237,000,000 | 206,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 19 in 2018 and 20 in 2017 | 1,002,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 21 in 2018 and 20 in 2017 | 201,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowances of 20 in 2017 and 24 in 2016 | 1,032,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowances of 20 in 2017 and 16 in 2016 | 198,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 22 in 2017 and 24 in 2016 | 631,000,000 | 666,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 19 in 2017 and 16 in 2016 | 197,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 18 in 2017 and 16 in 2016 | 193,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowance of 24 for both periods | 775,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowance of 17 in 2017 and 16 in 2016 | 186,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowances of 27 in 2016 and 28 in 2015 | 603,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowances of 10 in 2016 and 9 in 2015 | 142,000,000 | 135,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowances of 29 in 2016 and 28 in 2015 | 730,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
assets1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash equivalents | 52,000,000 | 218,000,000 | 100,100,000,000 | 339,339,000,000 | 485,485,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash equivalents | 52,000,000 | 32,000,000 | 1,414,000,000 | 1,313,000,000 | 1,313,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cms energy common stock | 2,929,000,000 | 3,030,000,000 | 3,030,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
nonqualified deferred compensation plan assets | 9,000,000 | 7,000,000 | 66,000,000 | 55,000,000 | 55,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
db serp | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
mutual funds | 147,000,000 | 134,000,000 | 137,137,000,000 | 137,137,000,000 | 141,141,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
commodity contracts | 3,000,000 | 6,000,000 | 9,000,000 | 12,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total | 264,000,000 | 397,000,000 | 26,625,727,000,000 | 507,495,210,000,000 | 646,645,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
liabilities1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonqualified deferred compensation plan liabilities | 9,000,000 | 7,000,000 | 66,000,000 | 55,000,000 | 55,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
september 30 | 2,015,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cms energy, including consumers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at beginning of period | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total gains offset through regulatory accounting | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at end of period | 2,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses included in earnings relating to assets and liabilities still held at end of period1 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
consumers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
june 30 | 2,014,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total losses included in earnings1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
march 2014 | 1,070,080,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities held to maturity | 1,010,000,000 | 1,010,000,000 | 99,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable1 | 597,629,000,000 | 543,582,000,000 | 541,576,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt2 | 76,008,354,000,000 | 74,328,278,000,000 | 74,528,656,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt3 | 46,335,046,000,000 | 43,184,731,000,000 | 43,275,002,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes and investment tax credit | 122,000,000 | 129,000,000 | -221,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefits expense | 181,000,000 | 144,000,000 | 131,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
electric sales contract termination | 279,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for equity funds used during construction | -26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease and other amortization | 42,000,000 | 36,000,000 | 55,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain due to expiration of indemnification | -50,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of long-term debt | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (income) from equity method investees | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions from equity method investees | 4,000,000 | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
electric sales contract termination payment | -275,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholder class action settlement payment | -125,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in other assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts receivable and accrued revenues | -91,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accrued power supply and gas revenue | -41,000,000 | 35,000,000 | 99,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in inventories | 86,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts payable | -50,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued expenses | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other current and non-current assets | 59,000,000 | 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in current and non-current regulatory liabilities | 102,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other current and non-current liabilities | -66,000,000 | -10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cost to retire property | -49,000,000 | -34,000,000 | -28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from nuclear decommissioning trust funds | 333,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets | 7,000,000 | 3,000,000 | 1,717,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash relinquished from sale of assets | -113,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash and cash equivalents | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in non-current notes receivable | -83,000,000 | -19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of notes, bonds, and other long-term debt | 1,218,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from enerbank notes | 39,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of bonds and other long-term debt, including related parties | -1,120,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on securitization bonds | -34,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | -4,000,000 | -1,000,000 | -32,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
payment of common stock dividends | -114,000,000 | -82,000,000 | -45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
payment of preferred stock dividends | -11,000,000 | -13,000,000 | -11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
payment of capital lease and finance lease obligations | -23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, financing fees, and other | -35,000,000 | -8,000,000 | -17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rates on cash | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in cash and cash equivalents included in assets held for sale | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -122,000,000 | -135,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 207,000,000 | 348,000,000 | 351,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 90,000,000 | 213,000,000 | 348,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other cash flow activities and non-cash investing and financing activities were: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 422,000,000 | 364,000,000 | 432,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 17,000,000 | 3,000,000 | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets placed under capital lease | 16,000,000 | 5,000,000 | 229,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
plant and property | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
electric utility | 9,235,000,000 | 8,885,000,000 | 8,695,000,000 | 8,651,000,000 | 7,945,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gas utility | 3,667,000,000 | 3,598,000,000 | 3,511,000,000 | 3,492,000,000 | 3,327,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
enterprises | 395,000,000 | 392,000,000 | 392,000,000 | 391,000,000 | 391,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation, depletion and amortization | 4,462,000,000 | 4,360,000,000 | 4,294,000,000 | 4,245,000,000 | 4,117,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowances of 31 in 2009 and 26 in 2008 | 701,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | 87,000,000 | 99,000,000 | 75,000,000 | 80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accrued power supply and gas revenue | 2,000,000 | 104,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory assets — postretirement benefits | 19,000,000 | 19,000,000 | 19,000,000 | 19,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
prepayments and other | 25,000,000 | 39,000,000 | 31,000,000 | 35,000,000 | 51,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
non-current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
securitized costs | 392,000,000 | 429,000,000 | 443,000,000 | 454,000,000 | 479,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
customer choice act | 68,000,000 | 104,000,000 | 121,000,000 | 135,000,000 | 158,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowances of 5 in 2009 and 34 in 2008 | 196,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock of subsidiary | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock | 243,000,000 | 249,000,000 | 249,000,000 | 250,000,000 | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt — related parties | 34,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
non-current portion of capital and finance lease obligations | 197,000,000 | 226,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt, capital and finance lease obligations | 604,000,000 | 649,000,000 | 517,000,000 | 856,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cost of removal | 1,227,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 532,000,000 | 561,000,000 | 572,000,000 | 575,000,000 | 554,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
asset retirement obligation | 211,000,000 | 204,000,000 | 202,000,000 | 200,000,000 | 97,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ investment and liabilities | 15,277,000,000 | 14,077,000,000 | 13,890,000,000 | 14,242,000,000 | 14,304,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, net of nuclear decommissioning of -, 4, and 6 | 589,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests (obligations) | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charges, net of insurance recoveries | 204,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholder class action settlement expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel costs mark-to-market at the mcv partnership | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory return on capital expenditures | -33,000,000 | -31,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of assets | -9,000,000 | 112,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from equity method investees | -5,000,000 | -40,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accounts receivable and accrued revenues | -80,000,000 | -451,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in inventories | -71,000,000 | -10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued expenses | -31,000,000 | -31,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in the mcv partnership gas supplier funds on deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other current and non-current regulatory liabilities | -178,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and restricted short-term investments | 1,000,000 | 49,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in nuclear decommissioning trust funds | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
maturity of the mcv partnership restricted investment securities held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of the mcv partnership restricted investment securities held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes, bonds, and other long-term debt | 1,396,000,000 | 515,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of bonds and other long-term debt | -1,130,000,000 | -1,095,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of capital lease and financial lease obligations | -26,000,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
construction work-in-progress | 446,000,000 | 557,000,000 | 463,000,000 | 381,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at cost, which approximates market | 162,000,000 | 527,000,000 | 841,000,000 | 1,245,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash at cost, which approximates market | 31,000,000 | 28,000,000 | 123,000,000 | 48,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowances of 20 in 2008 and 21 in 2007 | 638,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued power supply revenue | 4,000,000 | 2,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — related parties | 1,000,000 | 2,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowances of 30 in 2008 and 31 in 2007 | 180,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ investment and liabilities | 2,007,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
non-current portion of capital lease obligations | 212,000,000 | 216,000,000 | 221,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 53,000,000 | 52,000,000 | 53,000,000 | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable — related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
electric sales contract termination liability | 2,000,000 | 3,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
argentine currency impairment reserve | 197,000,000 | 197,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory liabilities for cost of removal | 1,184,000,000 | 1,172,000,000 | 1,159,000,000 | 1,250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other regulatory liabilities | 147,000,000 | 150,000,000 | 293,000,000 | 213,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowances of 22 in 2008 and 21 in 2007 | 645,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowances of 31 in 2008 and 2007 | 169,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
retained deficit | -2,106,000,000 | -2,131,000,000 | -2,070,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, notes receivable and accrued revenue, less allowances of 21 in 2008 and 21 in 2007 | 920,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable, less allowances of 31 in 2008 and 31 in 2007 | 167,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities depreciation and amortization, net of nuclear decommissioning of 4, 6, and 6 | 545,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
minority obligations | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable | -45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in the mcv partnership gas supplier funds on deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in other current and non-current assets | 41,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other current and non-current liabilities | -131,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of available-for-sale serp investments | -68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from available-for-sale serp investments | 64,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in non-current notes receivable | -32,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowances of 20 in 2007 and 25 in 2006 | 531,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and notes receivable — related parties | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
price risk management assets | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
nuclear decommissioning trust funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable — related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt, capital and finance leases | 997,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
legal settlement liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
price risk management liabilities | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | 72,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
pretax income from discontinued operations | 153,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 62,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 91,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 277,000,000 | 242,000,000 | 272,000,000 | 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 | 78,000,000 | 186,000,000 | 125,000,000 | 164,000,000 | 84,000,000 | 215,000,000 | 119,000,000 | 109,000,000 | 221,000,000 | 37,000,000 | 144,000,000 | 101,000,000 | 67,000,000 | 140,000,000 | 64,000,000 | 81,000,000 | 49,000,000 | 106,000,000 | -214,909,000,000 | 84,000,000 | |||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 412,000,000 | 342,000,000 | 288,000,000 | 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 | 214,000,000 | 183,000,000 | 176,000,000 | 238,000,000 | 168,000,000 | 220,000,000 | 152,000,000 | 149,000,000 | 197,000,000 | 181,000,000 | 121,000,000 | 173,000,000 | |||||||||||||
deferred income taxes and investment tax credits | 82,000,000 | 31,000,000 | 47,000,000 | 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 | -55,000,000 | -57,000,000 | -37,000,000 | -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 | -24,000,000 | -365,000,000 | 34,000,000 | 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 | 148,000,000 | 106,000,000 | -168,000,000 | -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 | 111,000,000 | -163,000,000 | -76,000,000 | 274,000,000 | -141,000,000 | 374,000,000 | -237,000,000 | 338,000,000 | 447,000,000 | ||||||||||||||||||
accounts payable and accrued rate refunds | -137,000,000 | 202,000,000 | -30,000,000 | 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 | -63,000,000 | -25,000,000 | -14,000,000 | 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 | 65,000,000 | -22,000,000 | -49,000,000 | -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 | 705,000,000 | 478,000,000 | 343,000,000 | 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 | 388,000,000 | 140,000,000 | 469,000,000 | 632,000,000 | 465,000,000 | 786,000,000 | 32,000,000 | 270,000,000 | 646,000,000 | -700,000,000 | 725,000,000 | -305,000,000 | 308,000,000 | 635,000,000 | -21,000,000 | 375,000,000 | 841,000,000 | 197,000,000 | 606,000,000 | 376,000,000 | -468,000,000 | 177,000,000 | 474,000,000 | -517,000,000 | |
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -1,039,000,000 | -1,074,000,000 | -978,000,000 | -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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -302,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -232,000,000 | -180,000,000 | -281,000,000 | -171,000,000 | -185,000,000 | -155,000,000 | -145,000,000 | |
free cash flows | -334,000,000 | -596,000,000 | -635,000,000 | -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 | 708,000,000 | 708,000,000 | 506,000,000 | 80,000,000 | 473,000,000 | 646,000,000 | 388,000,000 | 140,000,000 | 469,000,000 | 632,000,000 | 465,000,000 | 786,000,000 | 32,000,000 | 270,000,000 | 344,000,000 | -700,000,000 | 725,000,000 | -305,000,000 | 308,000,000 | 635,000,000 | -21,000,000 | 375,000,000 | 841,000,000 | -35,000,000 | 426,000,000 | 95,000,000 | -639,000,000 | -8,000,000 | 319,000,000 | -662,000,000 | |
cost to retire property and other investing activities | -34,000,000 | -38,000,000 | -68,000,000 | -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 | -1,073,000,000 | -1,112,000,000 | -1,046,000,000 | -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 | -244,000,000 | -192,000,000 | -301,000,000 | -194,000,000 | -192,000,000 | -152,000,000 | -85,000,000 | |||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of debt | 258,000,000 | 1,098,000,000 | 62,000,000 | 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 | 446,000,000 | 299,000,000 | 30,000,000 | ||||||||||||||||||||||||||||
retirement of debt | -204,000,000 | -266,000,000 | -43,000,000 | -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 | 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 | 166,000,000 | 152,000,000 | 356,000,000 | 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 | 3,000,000 | 3,000,000 | 3,000,000 | 63,000,000 | 24,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||||||||
payment of dividends on common and preferred stock | -178,000,000 | -167,000,000 | -165,000,000 | -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 | 0 | 0 | 44,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other financing costs | -26,000,000 | -5,000,000 | 0 | -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 | 16,000,000 | 817,000,000 | 210,000,000 | 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 | 18,000,000 | -171,000,000 | 61,000,000 | 246,000,000 | 199,000,000 | -24,000,000 | 297,000,000 | -299,000,000 | 171,000,000 | -44,000,000 | ||||||||||||||||||||
net increase in cash and cash equivalents, including restricted amounts | -352,000,000 | 183,000,000 | -493,000,000 | 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 | 615,000,000 | 0 | 0 | 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 | 263,000,000 | 183,000,000 | -493,000,000 | 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 | 601,000,000 | 49,000,000 | 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 | 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 | -19,000,000 | 5,000,000 | 173,000,000 | 31,000,000 | 117,000,000 | ||||||||||||||||||||||||||
deemed contribution from sale of membership interest | 82,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense | 14,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefits contributions | -18,000,000 | -19,000,000 | -17,000,000 | -219,000,000 | -13,000,000 | -13,000,000 | -13,000,000 | -13,000,000 | -12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
covert generating station acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of asp business | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non‑cash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sale of enerbank | 0 | 0 | 0 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of enerbank | 0 | 0 | 0 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in millions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
years ended december 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid (proceeds from sale of renewable energy tax credits) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 96,000,000 | 3,000,000 | -22,000,000 | 49,000,000 | 47,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 45,000,000 | 92,000,000 | 59,000,000 | 68,000,000 | -15,000,000 | 39,000,000 | -2,000,000 | 20,000,000 | 46,000,000 | 87,000,000 | 45,000,000 | 49,000,000 | 12,000,000 | 34,000,000 | 16,000,000 | 67,000,000 | 49,000,000 | |||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | -475,000,000 | 250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash operating activities | 21,000,000 | 12,000,000 | 21,000,000 | 16,000,000 | 17,000,000 | 22,000,000 | 16,000,000 | 16,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, notes receivable, and accrued revenue | -46,000,000 | 81,000,000 | 16,000,000 | -303,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from enerbank certificates of deposit | 52,000,000 | -2,000,000 | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -46,000,000 | -28,000,000 | 354,000,000 | 102,000,000 | -80,000,000 | 160,000,000 | 493,000,000 | 199,000,000 | 613,000,000 | -365,000,000 | -314,000,000 | 493,000,000 | -646,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 266,000,000 | 0 | 71,000,000 | 0 | 0 | 18,000,000 | -3,000,000 | 93,000,000 | 0 | 213,000,000 | 0 | 0 | 0 | 348,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | -46,000,000 | 208,000,000 | 177,000,000 | -28,000,000 | 425,000,000 | 102,000,000 | -80,000,000 | 178,000,000 | 586,000,000 | 199,000,000 | 826,000,000 | 51,000,000 | -365,000,000 | -314,000,000 | 841,000,000 | -646,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
refund of capitalized sales and use tax not received | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
by operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefits expense | 22,000,000 | 23,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 47,000,000 | 45,000,000 | 46,000,000 | 45,000,000 | 31,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cost to retire property | -14,000,000 | -8,000,000 | -17,000,000 | -12,000,000 | -10,000,000 | -6,000,000 | -6,000,000 | -13,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholder contribution | 0 | 150,000,000 | 2,000,000 | 165,000,000 | 150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from government grant | 69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of common and preferred stock dividends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 120,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | -43,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of common stock dividends | -135,000,000 | -28,000,000 | -29,000,000 | -21,000,000 | -20,000,000 | -21,000,000 | -20,000,000 | -12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity earnings of subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends received from subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts and notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs and financing fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred property taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from enerbank notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cms energy, including consumers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nine months ended september 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• net income | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• non-cash transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• sale of gas purchased in prior year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• purchase of gas in current year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• electric sales contract termination payment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• accounts receivable sales | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• pension contribution | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• change in other core working capital | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• other changes in assets and liabilities | -33,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions1 | 253,000,000 | 280,000,000 | 262,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in core working capital2 | -31,000,000 | 322,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other changes in assets and liabilities | 3,000,000 | -15,000,000 | -137,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consumers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
six months ended june 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs to retire property and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of gas purchased in the prior year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of gas in the current year | -330,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable sales | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in other core working capital2 | 61,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash effect of deconsolidation of partnerships | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in enerbank loans receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• non-cash transactions1 | 296,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• sale of gas purchased in the prior year | 477,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• change in other core working capital2 | -15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• postretirement benefits contributions | -19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average common shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from continuing operations per average common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cms energy — basic | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per average common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures, excluding assets placed under capital lease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 14,181,696,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt, excluding current portion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-current portion of capital and finance lease obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
market price of common stock at year-end | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
book value per common share at year-end | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
number of employees at year-end | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
electric utility statistics | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average sales rate per kwh | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gas utility statistics | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and transportation deliveries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average sales rate per mcf | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations per average common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per average common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt-related parties, excluding current portion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to cms energy | 77,000,000 | 72,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income attributable to cms energy to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to noncontrolling interests | 2,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory return on capital expenditures | -6,000,000 | -7,000,000 | -8,000,000 | -9,000,000 | -8,000,000 | -8,000,000 | -9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease and other amortization | 9,000,000 | 10,000,000 | 8,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 0 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
electric sales contract termination payment | 0 | 0 | 0 | -275,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in other assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts receivable and accrued revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued power supply and gas revenue | 4,000,000 | 1,000,000 | -1,000,000 | 2,000,000 | 38,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in inventories | -299,000,000 | 566,000,000 | -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 | 75,000,000 | 35,000,000 | -35,000,000 | -81,000,000 | 65,000,000 | 63,000,000 | -30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other current and non-current liabilities | 4,000,000 | -59,000,000 | 130,000,000 | -28,000,000 | -47,000,000 | -65,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds for sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and cash equivalents | 7,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing | -18,000,000 | 6,000,000 | 12,000,000 | -11,000,000 | -3,000,000 | 4,000,000 | -11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of bonds and other long-term debt, including related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of preferred stock dividends | -3,000,000 | -3,000,000 | -3,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of capital and finance lease obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, financing fees, and other | -15,000,000 | -4,000,000 | 2,000,000 | -5,000,000 | 0 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts receivable and accrued revenues | -161,000,000 | -58,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts payable | -75,000,000 | 16,000,000 | -35,000,000 | -84,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued taxes | -62,000,000 | -65,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued expenses | 9,000,000 | -10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes, bonds, and other long-term debt | 538,000,000 | 466,000,000 | 404,000,000 | 33,000,000 | 493,000,000 | 429,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of bonds and other long-term debt | -300,000,000 | -462,000,000 | -74,000,000 | -304,000,000 | -290,000,000 | -437,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of capital lease and financial lease obligations | -6,000,000 | -8,000,000 | -6,000,000 | -6,000,000 | -6,000,000 | -6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, net of nuclear decommissioning of -, 4, and 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests (obligations) | 1,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charges, net of insurance recoveries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
electric sales contract termination | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholder class action settlement expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel costs mark-to-market at the mcv partnership | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of assets | -1,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from equity method investees | -2,000,000 | 40,036,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions from equity method investees | 2,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholder class action settlement payment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accounts receivable and accrued revenues | -258,000,000 | -9,000,000 | 50,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accrued power supply and gas revenue | 11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in inventories | 322,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in the mcv partnership gas supplier funds on deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other current and non-current regulatory liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and restricted short-term investments | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in nuclear decommissioning trust funds | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from nuclear decommissioning trust funds | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturity of the mcv partnership restricted investment securities held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of the mcv partnership restricted investment securities held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets | 2,000,000 | 80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash relinquished from sale of assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in non-current notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rates on cash | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other cash flow activities and non-cash investing and financing activities were: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets placed under capital lease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, net of nuclear decomissioning of - and 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefits costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholder class action settlement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in deferred property taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | -3,000,000 | 2,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | -18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of change in accounting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
— diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of change in accounting per average common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures, excluding acquisitions and capital lease additions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-current portion of capital leases and finance lease obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, net of nuclear decommissioning of 4 and 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension contribution | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other current and non-current liabilities | -15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
plant and property | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
electric utility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gas utility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation, depletion and amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction work-in-progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at cost, which approximates market | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash at cost, which approximates market | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and accrued revenue, less allowances of 20 in 2007 and 25 in 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued power supply and gas revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and notes receivable — related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories at average cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gas in underground storage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
materials and supplies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
generating plant fuel stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory assets — postretirement benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
price risk management assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayments and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securitized costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customer choice act | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nuclear decommissioning trust funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable — related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, net of nuclear decommissioning of 2 and 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued taxes |