CONSUMERS ENERGY CO
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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FY2023 · Filed Feb 8, 2024
CMS$69.78+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| In Millions | |||
|---|---|---|---|
| Years Ended December 31 | 2023 | 2022 | 2021 |
| Operating Revenue | $7,166 | $8,151 | $7,021 |
| Operating Expenses | |||
| Fuel for electric generation | 435 | 662 | 463 |
| Purchased and interchange power | 1,331 | 1,867 | 1,599 |
| Purchased power – related parties | 75 | 76 | 77 |
| Cost of gas sold | 897 | 1,243 | 726 |
| Maintenance and other operating expenses | 1,586 | 1,582 | 1,531 |
| Depreciation and amortization | 1,137 | 1,088 | 1,077 |
| General taxes | 437 | 400 | 373 |
| Total operating expenses | 5,898 | 6,918 | 5,846 |
| Operating Income | 1,268 | 1,233 | 1,175 |
| Other Income (Expense) | |||
| Non-operating retirement benefits, net | 171 | 195 | 155 |
| Other income | 49 | 17 | 23 |
| Other expense | (12) | (25) | (18) |
| Total other income | 208 | 187 | 160 |
| Interest Charges | |||
| Interest on long-term debt | 415 | 325 | 294 |
| Interest expense – related parties | 20 | 12 | 12 |
| Other interest expense | 16 | — | 8 |
| Allowance for borrowed funds used during construction | (3) | (2) | (3) |
| Total interest charges | 448 | 335 | 311 |
| Income Before Income Taxes | 1,028 | 1,085 | 1,024 |
| Income Tax Expense | 161 | 140 | 156 |
| Net Income | 867 | 945 | 868 |
| Preferred Stock Dividends | 2 | 2 | 2 |
| Net Income Available to Common Stockholder | $865 | $943 | $866 |
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