CONSUMERS ENERGY CO

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

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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

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Contents

CMS Energy Consolidated Financial Statements Consolidated Statements of Income

Consolidated Statements of Income

In Millions, Except Per Share Amounts
Years Ended December 31	2023	2022	2021
Operating Revenue	$7,462	$8,596	$7,329
Operating Expenses
Fuel for electric generation	561	905	593
Purchased and interchange power	1,375	1,928	1,665
Purchased power – related parties	75	76	77
Cost of gas sold	902	1,256	735
Maintenance and other operating expenses	1,687	1,669	1,610
Depreciation and amortization	1,180	1,126	1,114
General taxes	447	412	389
Total operating expenses	6,227	7,372	6,183
Operating Income	1,235	1,224	1,146
Other Income (Expense)
Non-operating retirement benefits, net	180	205	165
Other income	195	19	30
Other expense	(13)	(27)	(18)
Total other income	362	197	177
Interest Charges
Interest on long-term debt	616	509	481
Interest expense – related parties	12	12	12
Other interest expense	18	—	10
Allowance for borrowed funds used during construction	(3)	(2)	(3)
Total interest charges	643	519	500
Income Before Income Taxes	954	902	823
Income Tax Expense	147	93	95
Income From Continuing Operations	807	809	728
Income From Discontinued Operations, Net of Tax of $—, $1, and $170	1	4	602
Net Income	808	813	1,330
Loss Attributable to Noncontrolling Interests	(79)	(24)	(23)
Net Income Attributable to CMS Energy	887	837	1,353
Preferred Stock Dividends	10	10	5
Net Income Available to Common Stockholders	$877	$827	$1,348

In Millions, Except Per Share Amounts
Years Ended December 31	2023	2022	2021
Basic Earnings Per Average Common Share
Income from continuing operations per average common share available to common stockholders	$3.01	$2.84	$2.58
Income from discontinued operations per average common share available to common stockholders	—	0.01	2.08
Basic earnings per average common share	$3.01	$2.85	$4.66
Diluted Earnings Per Average Common Share
Income from continuing operations per average common share available to common stockholders	$3.01	$2.84	$2.58
Income from discontinued operations per average common share available to common stockholders	—	0.01	2.08
Diluted earnings per average common share	$3.01	$2.85	$4.66

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.