CMS Energy Corporation (CMS) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments452168140153182235266
Cash and cash equivalents452168140153182235266
Restricted cash and investments24171721171919
Receivables1,4291,5941,5521,2111,2421,013913
Inventory, net of allowances, customer advances and progress billings499421465507539507652
Inventory499421465507539507652
Regulatory current assets46423337201716
Disposal group, including discontinued operation19      
Other current assets12011286101838177
Other undisclosed current assets385038438392408377
Total current assets:2,6272,4042,3312,4682,4752,2802,320
Noncurrent Assets
Property, plant and equipment22,35221,03918,92618,12616,76115,71514,705
Long-term investments and receivables1012,7012,3521,7141,2511,1831,091
Long-term investments71707169646564
Accounts and financing receivable, after allowance for credit loss302,6312,2811,6451,1871,1181,027
Regulated entity, other noncurrent assets2,2592,6532,4891,7431,7642,0911,840
Other noncurrent assets1,414869739478799353384
Total noncurrent assets:26,12627,26224,50622,06120,57519,34218,020
TOTAL ASSETS:28,75329,66626,83724,52923,05021,62220,340
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4971,2341,1631,2151,1881,0441,088
Accounts payable875671622723725598633
Taxes payable515457437398360348349
Interest and dividends payable1071061049410398106
Debt 1,4991,1279961,103886706
Regulatory liability14615187155809582
Due to related parties117131015129
Other liabilities156156186147195199142
Other undisclosed current liabilities39427128101203419275
Total current liabilities:2,2043,0742,7042,6242,7842,6552,302
Noncurrent Liabilities
Long-term debt and lease obligation12,04613,63411,95110,6849,2148,7508,559
Long-term debt, excluding current maturities12,04613,63411,95110,6159,1238,6408,441
Capital lease obligations6991110118
Liabilities, other than long-term debt7,2696,8257,0514,9426,5745,9275,504
Deferred revenue and credits877356
Accumulated deferred investment tax credit11211512099
Asset retirement obligations628553477432430447439
Deferred tax liabilities, net 1,2692,2872,017
Deferred income tax liabilities2,2101,8631,655
Liability, pension and other postretirement and postemployment benefits142152674436766789591
Regulatory liability3,8023,7443,7423,6813,7152,0412,088
Other liabilities375398383294307290313
Other undisclosed noncurrent liabilities4656761,487   
Total noncurrent liabilities:19,36120,51519,07817,11315,78814,67714,063
Total liabilities:21,56523,58921,78219,73718,57217,33216,365
Stockholders' equity
Stockholders' equity attributable to parent6,6315,4965,0184,7554,4414,2533,938
Preferred stock224      
Common stock3333333
Additional paid in capital5,4065,3655,1135,0885,0194,9164,837
Accumulated other comprehensive loss(59)(86)(73)(65)(50)(50)(47)
Retained earnings (accumulated deficit)1,057214(25)(271)(531)(616)(855)
Stockholders' equity attributable to noncontrolling interest5575813737373737
Total stockholders' equity:7,1886,0775,0554,7924,4784,2903,975
TOTAL LIABILITIES AND EQUITY:28,75329,66626,83724,52923,05021,62220,340

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,3296,6806,8456,8736,5836,3996,456
Cost of revenue(4,131)(3,436)(3,731)(3,915)(3,653)(3,541)(3,624)
Cost of goods and services sold(593)(375)(493)(528)(1,255)(1,209)(1,554)
Gross profit:3,1983,2443,1142,9582,9302,8582,832
Operating expenses(2,052)(1,882)(1,875)(1,796)(1,592)(1,561)(1,669)
Operating income:1,1461,3621,2391,1621,3381,2971,163
Nonoperating income (expense)1778410970(14)(36)29
Investment income, nonoperating3471112612
Public utilities, allowance for funds used during construction, capitalized cost of equity8610651210
Other nonoperating expense(9)(56)(9)(46)(70)(67)(7)
Interest and debt expense(500)(561)(519)(458)(438)(435)(396)
Income from continuing operations before income taxes:823885829774886826796
Income tax expense(95)(133)(147)(115)(424)(273)(271)
Income from continuing operations:728752682659462553525
Income from discontinued operations602      
Net income:1,330752682659462553525
Net income (loss) attributable to noncontrolling interest233(2)(2)(2)(2)(2)
Net income attributable to parent:1,353755680657460551523
Preferred stock dividends and other adjustments(5)      
Net income available to common stockholders, diluted:1,348755680657460551523

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,330752682659462553525
Other comprehensive income (loss)27(13)(8)(2)8(3)2
Other undisclosed comprehensive loss    (8)  
Comprehensive income:1,357739674657462550527
Comprehensive income (loss), net of tax, attributable to noncontrolling interest233(2)(2)(2)(2)(2)
Comprehensive income, net of tax, attributable to parent:1,380742672655460548525

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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