CONSUMERS ENERGY CO

For the period ended Jun 30, 2024. Filed Jul 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.

Jun 30, 2024 · Filed Jul 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.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets (Unaudited)

ASSETS
In Millions
	June 302024	December 312023
Current Assets
Cash and cash equivalents	$607	$35
Restricted cash and cash equivalents	89	21
Accounts receivable and accrued revenue, less allowance of $23 in 2024 and $21 in 2023	794	909
Accounts and notes receivable – related parties	9	11
Inventories at average cost
Gas in underground storage	419	587
Materials and supplies	269	257
Generating plant fuel stock	77	80
Deferred property taxes	309	426
Regulatory assets	183	203
Prepayments and other current assets	86	65
Total current assets	2,842	2,594
Plant, Property, and Equipment
Plant, property, and equipment, gross	32,224	31,723
Less accumulated depreciation and amortization	8,925	8,796
Plant, property, and equipment, net	23,299	22,927
Construction work in progress	1,232	845
Total plant, property, and equipment	24,531	23,772
Other Non-current Assets
Regulatory assets	3,585	3,683
Accounts receivable	28	28
Accounts and notes receivable – related parties	93	95
Postretirement benefits	1,443	1,367
Other	196	313
Total other non-current assets	5,345	5,486
Total Assets	$32,718	$31,852

LIABILITIES AND EQUITY
In Millions
	June 302024	December 312023
Current Liabilities
Current portion of long-term debt and finance leases	$772	$731
Notes payable	—	93
Accounts payable	758	764
Accounts payable – related parties	14	13
Accrued rate refunds	50	54
Accrued interest	128	110
Accrued taxes	438	614
Regulatory liabilities	120	56
Other current liabilities	155	128
Total current liabilities	2,435	2,563
Non-current Liabilities
Long-term debt	10,339	10,037
Long-term debt – related parties	663	424
Non-current portion of finance leases	37	39
Regulatory liabilities	4,080	3,894
Postretirement benefits	75	77
Asset retirement obligations	736	739
Deferred investment tax credit	124	126
Deferred income taxes	2,956	2,789
Other non-current liabilities	380	364
Total non-current liabilities	19,390	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	2,271	2,178
Total common stockholder’s equity	10,856	10,763
Cumulative preferred stock, $4.50 series, authorized 7.5 shares; outstanding 0.4 shares in both periods	37	37
Total equity	10,893	10,800
Total Liabilities and Equity	$32,718	$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.