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$69.78+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

Item 8. Consolidated Balance Sheets

Consolidated Balance Sheets

ASSETS
In Millions
December 31	2024	2023
Current Assets
Cash and cash equivalents	$44	$35
Restricted cash and cash equivalents	75	21
Accounts receivable and accrued revenue, less allowance of $23 in 2024 and $21 in 2023	1,019	909
Accounts and notes receivable – related parties	17	11
Inventories at average cost
Gas in underground storage	435	587
Materials and supplies	291	257
Generating plant fuel stock	30	80
Deferred property taxes	448	426
Regulatory assets	229	203
Prepayments and other current assets	86	65
Total current assets	2,674	2,594
Plant, Property, and Equipment
Plant, property, and equipment, gross	33,434	31,723
Less accumulated depreciation and amortization	9,310	8,796
Plant, property, and equipment, net	24,124	22,927
Construction work in progress	1,766	845
Total plant, property, and equipment	25,890	23,772
Other Non-current Assets
Regulatory assets	3,569	3,683
Accounts receivable	26	28
Accounts and notes receivable – related parties	92	95
Postretirement benefits	1,514	1,367
Other	323	313
Total other non-current assets	5,524	5,486
Total Assets	$34,088	$31,852

LIABILITIES AND EQUITY
In Millions
December 31	2024	2023
Current Liabilities
Current portion of long-term debt and finance leases	$456	$731
Notes payable	65	93
Accounts payable	917	764
Accounts payable – related parties	12	13
Accrued rate refunds	38	54
Accrued interest	130	110
Accrued taxes	678	614
Regulatory liabilities	111	56
Other current liabilities	185	128
Total current liabilities	2,592	2,563
Non-current Liabilities
Long-term debt	10,818	10,037
Long-term debt – related parties	823	424
Non-current portion of finance leases	69	39
Regulatory liabilities	4,067	3,894
Postretirement benefits	70	77
Asset retirement obligations	694	739
Deferred investment tax credit	122	126
Deferred income taxes	3,053	2,789
Other non-current liabilities	349	364
Total non-current liabilities	20,065	18,489
Commitments and Contingencies (Notes 2 and 3)
Equity
Common stockholder’s equity
Common stock, authorized 125.0 shares; outstanding 84.1 shares in both periods	841	841
Other paid-in capital	8,174	7,759
Accumulated other comprehensive loss	(11)	(15)
Retained earnings	2,390	2,178
Total common stockholder’s equity	11,394	10,763
Cumulative preferred stock, $4.50 series, authorized 7.5 shares; outstanding 0.4 shares in both periods	37	37
Total equity	11,431	10,800
Total Liabilities and Equity	$34,088	$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.