CMS ENERGY CORP

For the period ended Dec 31, 2024. Filed Feb 11, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 11, 2025

CMS$69.55+0.5%Stored close · as of Nov 9, 2026

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

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Contents

CMS Energy Consolidated Financial Statements Consolidated Statements of Income

Consolidated Statements of Income

In Millions, Except Per Share Amounts
Years Ended December 31	2024	2023	2022
Operating Revenue	$7,515	$7,462	$8,596
Operating Expenses
Fuel for electric generation	624	561	905
Purchased and interchange power	1,333	1,375	1,928
Purchased power – related parties	71	75	76
Cost of gas sold	640	902	1,256
Maintenance and other operating expenses	1,638	1,687	1,669
Depreciation and amortization	1,240	1,180	1,126
General taxes	482	447	412
Total operating expenses	6,028	6,227	7,372
Operating Income	1,487	1,235	1,224
Other Income (Expense)
Non-operating retirement benefits, net	169	180	205
Other income	207	195	19
Other expense	(32)	(13)	(27)
Total other income	344	362	197
Interest Charges
Interest on long-term debt	700	616	509
Interest expense – related parties	12	12	12
Other interest expense	14	18	—
Allowance for borrowed funds used during construction	(18)	(3)	(2)
Total interest charges	708	643	519
Income Before Income Taxes	1,123	954	902
Income Tax Expense	176	147	93
Income From Continuing Operations	947	807	809
Income From Discontinued Operations, Net of Tax of $—, $—, and $1	—	1	4
Net Income	947	808	813
Loss Attributable to Noncontrolling Interests	(56)	(79)	(24)
Net Income Attributable to CMS Energy	1,003	887	837
Preferred Stock Dividends	10	10	10
Net Income Available to Common Stockholders	$993	$877	$827

In Millions, Except Per Share Amounts
Years Ended December 31	2024	2023	2022
Basic Earnings Per Average Common Share
Income from continuing operations per average common share available to common stockholders	$3.34	$3.01	$2.84
Income from discontinued operations per average common share available to common stockholders	—	—	0.01
Basic Earnings Per Average Common Share	$3.34	$3.01	$2.85
Diluted Earnings Per Average Common Share
Income from continuing operations per average common share available to common stockholders	$3.33	$3.01	$2.84
Income from discontinued operations per average common share available to common stockholders	—	—	0.01
Diluted Earnings Per Average Common Share	$3.33	$3.01	$2.85

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.