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

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

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Contents

Consolidated Balance Sheets (Unaudited)

ASSETS
In Millions
	March 312024	December 312023
Current Assets
Cash and cash equivalents	$607	$35
Restricted cash and cash equivalents	59	21
Accounts receivable and accrued revenue, less allowance of $23 in 2024 and $21 in 2023	863	909
Accounts and notes receivable – related parties	10	11
Inventories at average cost
Gas in underground storage	326	587
Materials and supplies	263	257
Generating plant fuel stock	75	80
Deferred property taxes	344	426
Regulatory assets	201	203
Prepayments and other current assets	94	65
Total current assets	2,842	2,594
Plant, Property, and Equipment
Plant, property, and equipment, gross	31,820	31,723
Less accumulated depreciation and amortization	8,784	8,796
Plant, property, and equipment, net	23,036	22,927
Construction work in progress	942	845
Total plant, property, and equipment	23,978	23,772
Other Non-current Assets
Regulatory assets	3,608	3,683
Accounts receivable	28	28
Accounts and notes receivable – related parties	95	95
Postretirement benefits	1,405	1,367
Other	253	313
Total other non-current assets	5,389	5,486
Total Assets	$32,209	$31,852

LIABILITIES AND EQUITY
In Millions
	March 312024	December 312023
Current Liabilities
Current portion of long-term debt and finance leases	$772	$731
Notes payable	—	93
Accounts payable	613	764
Accounts payable – related parties	15	13
Accrued rate refunds	28	54
Accrued interest	125	110
Accrued taxes	462	614
Regulatory liabilities	72	56
Other current liabilities	127	128
Total current liabilities	2,214	2,563
Non-current Liabilities
Long-term debt	10,501	10,037
Long-term debt – related parties	515	424
Non-current portion of finance leases	38	39
Regulatory liabilities	3,968	3,894
Postretirement benefits	76	77
Asset retirement obligations	744	739
Deferred investment tax credit	125	126
Deferred income taxes	2,854	2,789
Other non-current liabilities	364	364
Total non-current liabilities	19,185	18,489
Commitments and Contingencies (Notes 1 and 2)
Equity
Common stockholder’s equity
Common stock, authorized 125.0 shares; outstanding 84.1 shares in both periods	841	841
Other paid-in capital	7,759	7,759
Accumulated other comprehensive loss	(15)	(15)
Retained earnings	2,188	2,178
Total common stockholder’s equity	10,773	10,763
Cumulative preferred stock, $4.50 series, authorized 7.5 shares; outstanding 0.4 shares in both periods	37	37
Total equity	10,810	10,800
Total Liabilities and Equity	$32,209	$31,852

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.