CMS Energy Corporation (CMS) financial statements (2020 and earlier)

Company profile

Business Address ONE ENERGY PLAZA
JACKSON, MI 49201
State of Incorp. MI
Fiscal Year End December 31
SIC 4931 - Electric and Other Services Combined (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments403153182235266207172
Cash and cash equivalents403153182235266207172
Restricted cash and investments292117191937 
Receivables8911,2111,2421,013913990987
Inventory, net of allowances, customer advances and progress billings557507539507652801✕
Inventory557507539507652801 
Deferred costs     27202
Regulatory current assets7372017168940
Other current assets861018381777286
Other undisclosed current assets3324383924083773741,039
Total current assets:2,3052,4682,4752,2802,3202,5972,526
Noncurrent Assets
Property, plant and equipment18,52418,12616,76115,71514,70513,412(3,938)
Long-term investments and receivables2,3211,7141,2511,1831,091868705
Long-term investments68696465646159
Accounts and financing receivable, after allowance for credit loss2,2531,6451,1871,1181,027807646
Intangible assets, net (including goodwill)     673629
Intangible assets, net (excluding goodwill)     673629
Regulated entity, other noncurrent assets2,3671,7431,7642,0911,8401,9561,530
Other noncurrent assets492478799353384352409
Other undisclosed noncurrent assets     (14,085)3,309
Total noncurrent assets:23,70422,06120,57519,34218,0203,1762,644
Other undisclosed assets     13,41212,246
TOTAL ASSETS:26,00924,52923,05021,62220,34019,18517,416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8221,2151,1881,0441,0881,102978
Accounts payable598723725598633678585
Taxes payable125398360348349316297
Interest and dividends payable99941039810610896
Debt1,0749961,103886706540562
Regulatory liability721558095826767
Due to related parties910151291010
Deferred tax liabilities✕    66 
Other liabilities170147195199142163146
Other undisclosed current liabilities1810120341927566182
Total current liabilities:2,1652,6242,7842,6552,3022,0141,945
Noncurrent Liabilities
Long-term debt and lease obligation12,04010,6849,2148,7508,5598,1397,239
Long-term debt, excluding current maturities12,04010,6159,1238,6408,4418,0167,101
Capital lease obligations✕6991110118123138
Liabilities, other than long-term debt6,7294,9426,5745,9275,5045,3254,741
Deferred revenue and credits✕✕8773563740
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕239
Accumulated deferred investment tax credit11699✕✕✕✕✕
Asset retirement obligations451432430447439340325
Deferred tax liabilities, net✕ 1,2692,2872,0171,6821,616
Deferred income tax liabilities1,588✕✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits447436766789591872✕
Regulatory liability3,7543,6813,7152,0412,0882,0952,215
Other liabilities373294307290313299306
Other undisclosed noncurrent liabilities811,487     
Total noncurrent liabilities:18,85017,11315,78814,67714,06313,46411,980
Total liabilities:21,01519,73718,57217,33216,36515,47813,925
Stockholders' equity
Stockholders' equity attributable to parent4,9574,7554,4414,2533,9383,6703,454
Common stock3333333
Additional paid in capital5,1045,0885,0194,9164,8374,7744,715
Accumulated other comprehensive loss(67)(65)(50)(50)(47)(49)(22)
Accumulated deficit(83)(271)(531)(616)(855)(1,058)(1,242)
Stockholders' equity attributable to noncontrolling interest37373737373737
Total stockholders' equity:4,9944,7924,4784,2903,9753,7073,491
TOTAL LIABILITIES AND EQUITY:26,00924,52923,05021,62220,34019,18517,416

Income statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,8796,8736,5836,3996,4567,1796,566
Cost of revenue(3,869)(3,915)(3,653)(3,541)(3,624)(2,174)(1,849)
Cost of goods and services sold(391)(528)(1,255)(1,209)(1,554)(2,166)(1,849)
Gross profit:3,0102,9582,9302,8582,8325,0054,717
Operating expenses(1,832)(1,796)(1,592)(1,561)(1,669)(6,027)(5,424)
Other undisclosed operating income     2,1741,849
Operating income:1,1781,1621,3381,2971,1631,1521,142
Nonoperating income (expense)7870(14)(36)29(16)12
Investment income, nonoperating8111261253
Public utilities, allowance for funds used during construction, capitalized cost of equity965121086
Other nonoperating expense(38)(46)(70)(67)(7)(44)(10)
Interest and debt expense(506)(458)(438)(435)(396)(427)(402)
Income from continuing operations before equity method investments, income taxes:750774886826796709752
Income from equity method investments     1513
Other undisclosed income from continuing operations before income taxes     5 
Income from continuing operations before income taxes:750774886826796729765
Income tax expense(127)(115)(424)(273)(271)(250)(302)
Other undisclosed loss from continuing operations      (9)
Net income:623659462553525479454
Net loss attributable to noncontrolling interest(2)(2)(2)(2)(2)(2)(2)
Net income available to common stockholders, diluted:621657460551523477452

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:623659462553525479454
Other comprehensive income (loss)(6)(2)8(3)2(27)33
Other undisclosed comprehensive loss  (8)    
Comprehensive income:617657462550527452487
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(2)(2)(2)(2)(2)2
Comprehensive income, net of tax, attributable to parent:615655460548525450489

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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