CONSUMERS ENERGY CO
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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.
Sep 30, 2024 · Filed Oct 31, 2024
CMS$69.78+0.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows (Unaudited)
| In Millions | ||
|---|---|---|
| Nine Months Ended September 30 | 2024 | 2023 |
| Cash Flows from Operating Activities | ||
| Net income | $692 | $557 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation and amortization | 914 | 870 |
| Deferred income taxes and investment tax credits | 103 | 96 |
| Other non‑cash operating activities and reconciling adjustments | (152) | (171) |
| Changes in assets and liabilities | ||
| Accounts receivable and accrued revenue | 185 | 497 |
| Inventories | 51 | 63 |
| Accounts payable and accrued rate refunds | 15 | (123) |
| Other current assets and liabilities | (3) | (56) |
| Other non‑current assets and liabilities | 162 | 171 |
| Net cash provided by operating activities | 1,967 | 1,904 |
| Cash Flows from Investing Activities | ||
| Capital expenditures (excludes assets placed under finance lease) | (2,100) | (1,799) |
| Covert Generating Station acquisition | — | (812) |
| Proceeds from sale of ASP business | 124 | — |
| Cost to retire property and other investing activities | (125) | (126) |
| Net cash used in investing activities | (2,101) | (2,737) |
| Cash Flows from Financing Activities | ||
| Proceeds from issuance of debt | 1,447 | 2,905 |
| Retirement of debt | (789) | (1,846) |
| Increase (decrease) in notes payable | (93) | 227 |
| Issuance of common stock | 283 | 10 |
| Payment of dividends on common and preferred stock | (470) | (435) |
| Proceeds from the sale of membership interest in VIE to tax equity investor | — | 17 |
| Other financing costs | (25) | (43) |
| Net cash provided by financing activities | 353 | 835 |
| Net Increase in Cash and Cash Equivalents, Including Restricted Amounts | 219 | 2 |
| Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period | 248 | 182 |
| Cash and Cash Equivalents, Including Restricted Amounts, End of Period | $467 | $184 |
| Other Non‑cash Investing and Financing Activities | ||
| Non‑cash transactions | ||
| Capital expenditures not paid | $387 | $268 |
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