CMS ENERGY CORP
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
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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Consolidated Statements of Income
| In Millions | |||
|---|---|---|---|
| Years Ended December 31 | 2024 | 2023 | 2022 |
| Operating Revenue | $7,200 | $7,166 | $8,151 |
| Operating Expenses | |||
| Fuel for electric generation | 511 | 435 | 662 |
| Purchased and interchange power | 1,285 | 1,331 | 1,867 |
| Purchased power – related parties | 71 | 75 | 76 |
| Cost of gas sold | 637 | 897 | 1,243 |
| Maintenance and other operating expenses | 1,520 | 1,586 | 1,582 |
| Depreciation and amortization | 1,191 | 1,137 | 1,088 |
| General taxes | 470 | 437 | 400 |
| Total operating expenses | 5,685 | 5,898 | 6,918 |
| Operating Income | 1,515 | 1,268 | 1,233 |
| Other Income (Expense) | |||
| Non-operating retirement benefits, net | 157 | 171 | 195 |
| Other income | 85 | 49 | 17 |
| Other expense | (30) | (12) | (25) |
| Total other income | 212 | 208 | 187 |
| Interest Charges | |||
| Interest on long-term debt | 488 | 415 | 325 |
| Interest expense – related parties | 31 | 20 | 12 |
| Other interest expense | 12 | 16 | — |
| Allowance for borrowed funds used during construction | (13) | (3) | (2) |
| Total interest charges | 518 | 448 | 335 |
| Income Before Income Taxes | 1,209 | 1,028 | 1,085 |
| Income Tax Expense | 200 | 161 | 140 |
| Net Income | 1,009 | 867 | 945 |
| Preferred Stock Dividends | 2 | 2 | 2 |
| Net Income Available to Common Stockholder | $1,007 | $865 | $943 |
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