CONSUMERS ENERGY CO

For the period ended Mar 31, 2024. Filed Apr 25, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 25, 2024

CMS$69.78+0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets (Unaudited)

ASSETS
In Millions
	March 312024	December 312023
Current Assets
Cash and cash equivalents	$802	$227
Restricted cash and cash equivalents	59	21
Accounts receivable and accrued revenue, less allowance of $23 in 2024 and $21 in 2023	889	933
Accounts receivable – related parties	9	11
Inventories at average cost
Gas in underground storage	326	587
Materials and supplies	273	267
Generating plant fuel stock	78	84
Deferred property taxes	344	426
Regulatory assets	201	203
Prepayments and other current assets	110	80
Total current assets	3,091	2,839
Plant, Property, and Equipment
Plant, property, and equipment, gross	33,236	33,135
Less accumulated depreciation and amortization	9,006	9,007
Plant, property, and equipment, net	24,230	24,128
Construction work in progress	1,050	944
Total plant, property, and equipment	25,280	25,072
Other Non‑current Assets
Regulatory assets	3,608	3,683
Accounts receivable	22	22
Investments	73	76
Postretirement benefits	1,509	1,468
Other	318	357
Total other non‑current assets	5,530	5,606
Total Assets	$33,901	$33,517

LIABILITIES AND EQUITY
In Millions
	March 312024	December 312023
Current Liabilities
Current portion of long-term debt and finance leases	$772	$980
Notes payable	—	93
Accounts payable	644	802
Accounts payable – related parties	7	7
Accrued rate refunds	28	54
Accrued interest	169	142
Accrued taxes	455	612
Regulatory liabilities	72	56
Other current liabilities	148	149
Total current liabilities	2,295	2,895
Non‑current Liabilities
Long-term debt	14,973	14,508
Non-current portion of finance leases	61	62
Regulatory liabilities	3,968	3,894
Postretirement benefits	104	106
Asset retirement obligations	777	771
Deferred investment tax credit	125	126
Deferred income taxes	2,679	2,615
Other non‑current liabilities	413	415
Total non‑current liabilities	23,100	22,497
Commitments and Contingencies (Notes 1 and 2)
Equity
Common stockholders’ equity
Common stock, authorized 350.0 shares in both periods; outstanding 298.6 shares in 2024 and 294.4 shares in 2023	3	3
Other paid-in capital	5,975	5,705
Accumulated other comprehensive loss	(45)	(46)
Retained earnings	1,789	1,658
Total common stockholders’ equity	7,722	7,320
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	7,946	7,544
Noncontrolling interests	560	581
Total equity	8,506	8,125
Total Liabilities and Equity	$33,901	$33,517

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.