CONSUMERS ENERGY CO
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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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.
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Consolidated Statements of Changes in Equity
| In Millions, Except Number of Shares in Thousands and Per Share Amounts | |||||||
|---|---|---|---|---|---|---|---|
| Number of Shares | |||||||
| Years Ended December 31 · 2023 · 2022 · 2021 · 2023 · 2022 · 2021 | |||||||
| Total Equity at Beginning of Period | $7,595 | $7,188 | $6,077 | ||||
| Common Stock | |||||||
| At beginning and end of period | 3 | 3 | 3 | ||||
| Other Paid-in Capital | |||||||
| At beginning of period | 291,268 | 289,758 | 288,940 | 5,490 | 5,406 | 5,365 | |
| Common stock issued | 3,355 | 1,704 | 997 | 222 | 93 | 50 | |
| Common stock repurchased | (119) | (151) | (157) | (7) | (9) | (9) | |
| Common stock reacquired | (64) | (43) | (22) | — | — | — | |
| At end of period | 294,440 | 291,268 | 289,758 | 5,705 | 5,490 | 5,406 | |
| Accumulated Other Comprehensive Loss | |||||||
| At beginning of period | (52) | (59) | (86) | ||||
| Retirement benefits liability | |||||||
| At beginning of period | (52) | (56) | (80) | ||||
| Net gain arising during the period | 5 | 1 | 19 | ||||
| Settlement arising during the period | — | — | 1 | ||||
| Amortization of net actuarial loss | 2 | 4 | 5 | ||||
| Amortization of prior service credit | (1) | (1) | (1) | ||||
| At end of period | (46) | (52) | (56) | ||||
| Derivative instruments | |||||||
| At beginning of period | — | (3) | (6) | ||||
| Unrealized gain on derivative instruments | — | 2 | 2 | ||||
| Reclassification adjustments included in net income | — | 1 | 1 | ||||
| At end of period | — | — | (3) | ||||
| At end of period | (46) | (52) | (59) | ||||
| Retained Earnings | |||||||
| At beginning of period | 1,350 | 1,057 | 214 | ||||
| Net income attributable to CMS Energy | 887 | 837 | 1,353 | ||||
| Dividends declared on common stock | (569) | (534) | (505) | ||||
| Dividends declared on preferred stock | (10) | (10) | (5) | ||||
| At end of period | 1,658 | 1,350 | 1,057 | ||||
| Cumulative Redeemable Perpetual Preferred Stock, Series C | |||||||
| At beginning of period | 224 | 224 | — | ||||
| Preferred stock issued, net of issuance costs | — | — | 224 | ||||
| At end of period | 224 | 224 | 224 | ||||
| In Millions, Except Number of Shares in Thousands and Per Share Amounts | |||
|---|---|---|---|
| Number of Shares | |||
| Years Ended December 31 · 2023 · 2022 · 2021 · 2023 · 2022 · 2021 | |||
| Noncontrolling Interests | |||
| At beginning of period | 580 | 557 | 581 |
| Sale of membership interest in VIE to tax equity investor | 86 | 49 | — |
| Contribution from noncontrolling interest | 6 | 2 | 1 |
| Loss attributable to noncontrolling interests | (79) | (24) | (23) |
| Distributions and other changes in noncontrolling interests | (12) | (4) | (2) |
| At end of period | 581 | 580 | 557 |
| Total Equity at End of Period | $8,125 | $7,595 | $7,188 |
| Dividends declared per common share | $1.9500 | $1.8400 | $1.7400 |
| Dividends declared per preferred stock Series C depositary share | $1.0500 | $1.0500 | $0.5688 |
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