CMS Energy Corporation (CMS) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments168140153182235266207
Cash and cash equivalents168140153182235266207
Restricted cash and investments17172117191937
Receivables1,5941,5521,2111,2421,013913990
Inventory, net of allowances, customer advances and progress billings421465507539507652801
Inventory421465507539507652801
Deferred costs      27
Regulatory current assets42333720171689
Other current assets1128610183817772
Other undisclosed current assets5038438392408377374
Total current assets:2,4042,3312,4682,4752,2802,3202,597
Noncurrent Assets
Property, plant and equipment21,03918,92618,12616,76115,71514,70513,412
Long-term investments and receivables2,7012,3521,7141,2511,1831,091868
Long-term investments70716964656461
Accounts and financing receivable, after allowance for credit loss2,6312,2811,6451,1871,1181,027807
Intangible assets, net (including goodwill)      673
Intangible assets, net (excluding goodwill)      673
Regulated entity, other noncurrent assets2,6532,4891,7431,7642,0911,8401,956
Other noncurrent assets869739478799353384352
Other undisclosed noncurrent assets      (14,085)
Total noncurrent assets:27,26224,50622,06120,57519,34218,0203,176
Other undisclosed assets      13,412
TOTAL ASSETS:29,66626,83724,52923,05021,62220,34019,185
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2341,1631,2151,1881,0441,0881,102
Accounts payable671622723725598633678
Taxes payable457437398360348349316
Interest and dividends payable1061049410398106108
Debt1,4991,1279961,103886706540
Regulatory liability1518715580958267
Due to related parties713101512910
Deferred tax liabilities    66
Other liabilities156186147195199142163
Other undisclosed current liabilities2712810120341927566
Total current liabilities:3,0742,7042,6242,7842,6552,3022,014
Noncurrent Liabilities
Long-term debt and lease obligation13,63411,95110,6849,2148,7508,5598,139
Long-term debt, excluding current maturities13,63411,95110,6159,1238,6408,4418,016
Capital lease obligations6991110118123
Liabilities, other than long-term debt6,8257,0514,9426,5745,9275,5045,325
Deferred revenue and credits87735637
Accumulated deferred investment tax credit11512099
Asset retirement obligations553477432430447439340
Deferred tax liabilities, net 1,2692,2872,0171,682
Deferred income tax liabilities1,8631,655
Liability, pension and other postretirement and postemployment benefits152674436766789591872
Regulatory liability3,7443,7423,6813,7152,0412,0882,095
Other liabilities398383294307290313299
Other undisclosed noncurrent liabilities56761,487    
Total noncurrent liabilities:20,51519,07817,11315,78814,67714,06313,464
Total liabilities:23,58921,78219,73718,57217,33216,36515,478
Stockholders' equity
Stockholders' equity attributable to parent5,4965,0184,7554,4414,2533,9383,670
Common stock3333333
Additional paid in capital5,3655,1135,0885,0194,9164,8374,774
Accumulated other comprehensive loss(86)(73)(65)(50)(50)(47)(49)
Retained earnings (accumulated deficit)214(25)(271)(531)(616)(855)(1,058)
Stockholders' equity attributable to noncontrolling interest581373737373737
Total stockholders' equity:6,0775,0554,7924,4784,2903,9753,707
TOTAL LIABILITIES AND EQUITY:29,66626,83724,52923,05021,62220,34019,185

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6,6806,8456,8736,5836,3996,4567,179
Cost of revenue(3,436)(3,731)(3,915)(3,653)(3,541)(3,624)(2,174)
Cost of goods and services sold(375)(493)(528)(1,255)(1,209)(1,554)(2,166)
Gross profit:3,2443,1142,9582,9302,8582,8325,005
Operating expenses(1,882)(1,875)(1,796)(1,592)(1,561)(1,669)(6,027)
Other undisclosed operating income      2,174
Operating income:1,3621,2391,1621,3381,2971,1631,152
Nonoperating income (expense)8410970(14)(36)29(16)
Investment income, nonoperating4711126125
Public utilities, allowance for funds used during construction, capitalized cost of equity6106512108
Other nonoperating expense(56)(9)(46)(70)(67)(7)(44)
Interest and debt expense(561)(519)(458)(438)(435)(396)(427)
Income from continuing operations before equity method investments, income taxes:885829774886826796709
Income from equity method investments      15
Other undisclosed income from continuing operations before income taxes      5
Income from continuing operations before income taxes:885829774886826796729
Income tax expense(133)(147)(115)(424)(273)(271)(250)
Net income:752682659462553525479
Net income (loss) attributable to noncontrolling interest3(2)(2)(2)(2)(2)(2)
Net income available to common stockholders, diluted:755680657460551523477

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:752682659462553525479
Other comprehensive income (loss)(13)(8)(2)8(3)2(27)
Other undisclosed comprehensive loss   (8)   
Comprehensive income:739674657462550527452
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3(2)(2)(2)(2)(2)(2)
Comprehensive income, net of tax, attributable to parent:742672655460548525450

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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