CONSUMERS ENERGY CO

For the period ended Dec 31, 2023. Filed Feb 8, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 8, 2024

CMS$69.55+0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

ASSETS
In Millions
December 31	2023	2022
Current Assets
Cash and cash equivalents	$227	$164
Restricted cash and cash equivalents	21	18
Accounts receivable and accrued revenue, less allowance of $21 in 2023 and $27 in 2022	933	1,564
Accounts receivable – related parties	11	16
Inventories at average cost
Gas in underground storage	587	840
Materials and supplies	267	212
Generating plant fuel stock	84	65
Deferred property taxes	426	384
Regulatory assets	203	57
Prepayments and other current assets	80	113
Total current assets	2,839	3,433
Plant, Property, and Equipment
Plant, property, and equipment, gross	33,135	30,491
Less accumulated depreciation and amortization	9,007	8,960
Plant, property, and equipment, net	24,128	21,531
Construction work in progress	944	1,182
Total plant, property, and equipment	25,072	22,713
Other Non‑current Assets
Regulatory assets	3,683	3,595
Accounts receivable	22	23
Investments	76	71
Postretirement benefits	1,468	1,208
Other	357	310
Total other non‑current assets	5,606	5,207
Total Assets	$33,517	$31,353

LIABILITIES AND EQUITY
In Millions
December 31	2023	2022
Current Liabilities
Current portion of long-term debt and finance leases	$980	$1,099
Notes payable	93	20
Accounts payable	802	928
Accounts payable – related parties	7	8
Accrued rate refunds	54	—
Accrued interest	142	122
Accrued taxes	612	538
Regulatory liabilities	56	104
Other current liabilities	149	166
Total current liabilities	2,895	2,985
Non‑current Liabilities
Long-term debt	14,508	13,122
Non-current portion of finance leases	62	68
Regulatory liabilities	3,894	3,796
Postretirement benefits	106	108
Asset retirement obligations	771	746
Deferred investment tax credit	126	129
Deferred income taxes	2,615	2,407
Other non‑current liabilities	415	397
Total non‑current liabilities	22,497	20,773
Commitments and Contingencies (Notes 2 and 3)
Equity
Common stockholders’ equity
Common stock, authorized 350.0 shares in both periods; outstanding 294.4 shares in 2023 and 291.3 shares in 2022	3	3
Other paid-in capital	5,705	5,490
Accumulated other comprehensive loss	(46)	(52)
Retained earnings	1,658	1,350
Total common stockholders’ equity	7,320	6,791
Cumulative redeemable perpetual preferred stock, Series C, authorized 9.2 depositary shares; outstanding 9.2 depositary shares in both periods	224	224
Total stockholders’ equity	7,544	7,015
Noncontrolling interests	581	580
Total equity	8,125	7,595
Total Liabilities and Equity	$33,517	$31,353

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.