CONSUMERS ENERGY CO

For the period ended Sep 30, 2024. Filed Oct 31, 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.

Sep 30, 2024 · Filed Oct 31, 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
	September 302024	December 312023
Current Assets
Cash and cash equivalents	$349	$35
Restricted cash and cash equivalents	54	21
Accounts receivable and accrued revenue, less allowance of $22 in 2024 and $21 in 2023	763	909
Accounts and notes receivable – related parties	11	11
Inventories at average cost
Gas in underground storage	536	587
Materials and supplies	286	257
Generating plant fuel stock	51	80
Deferred property taxes	277	426
Regulatory assets	180	203
Prepayments and other current assets	80	65
Total current assets	2,587	2,594
Plant, Property, and Equipment
Plant, property, and equipment, gross	32,695	31,723
Less accumulated depreciation and amortization	9,065	8,796
Plant, property, and equipment, net	23,630	22,927
Construction work in progress	1,645	845
Total plant, property, and equipment	25,275	23,772
Other Non-current Assets
Regulatory assets	3,560	3,683
Accounts receivable	26	28
Accounts and notes receivable – related parties	93	95
Postretirement benefits	1,481	1,367
Other	138	313
Total other non-current assets	5,298	5,486
Total Assets	$33,160	$31,852

LIABILITIES AND EQUITY
In Millions
	September 302024	December 312023
Current Liabilities
Current portion of long-term debt and finance leases	$507	$731
Notes payable	—	93
Accounts payable	901	764
Accounts payable – related parties	13	13
Accrued rate refunds	53	54
Accrued interest	124	110
Accrued taxes	173	614
Regulatory liabilities	120	56
Other current liabilities	183	128
Total current liabilities	2,074	2,563
Non-current Liabilities
Long-term debt	10,924	10,037
Long-term debt – related parties	731	424
Non-current portion of finance leases	70	39
Regulatory liabilities	4,075	3,894
Postretirement benefits	74	77
Asset retirement obligations	727	739
Deferred investment tax credit	123	126
Deferred income taxes	3,002	2,789
Other non-current liabilities	378	364
Total non-current liabilities	20,104	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	(14)	(15)
Retained earnings	2,359	2,178
Total common stockholder’s equity	10,945	10,763
Cumulative preferred stock, $4.50 series, authorized 7.5 shares; outstanding 0.4 shares in both periods	37	37
Total equity	10,982	10,800
Total Liabilities and Equity	$33,160	$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.