CMS Energy Corporation Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities
Net Income	$ 445	$ 384
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	641	608
Deferred income taxes and investment tax credits	79	71
Other non‑cash operating activities and reconciling adjustments	(107)	(122)
Changes in assets and liabilities
Accounts receivable and accrued revenue	153	474
Inventories	158	236
Accounts payable and accrued rate refunds	(2)	(189)
Other current assets and liabilities	129	92
Other non‑current assets and liabilities	167	151
Net cash provided by operating activities	1,663	1,705
Cash Flows from Investing Activities
Cost to retire property and other investing activities	(76)	(82)
Net cash used in investing activities	(1,246)	(2,079)
Cash Flows from Financing Activities
Proceeds from issuance of debt	704	2,405
Retirement of debt	(433)	(1,465)
Decrease in notes payable	(93)	(20)
Issuance of common stock	279	7
Payment of dividends on common and preferred stock	(314)	(290)
Other financing costs	(19)	(39)
Net cash provided by financing activities	124	598
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts	541	224
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period	248	182
Cash and Cash Equivalents, Including Restricted Amounts, End of Period	789	406
Non‑cash transactions
Capital expenditures not paid	259	241
Appliance Service Plan Business
Cash Flows from Investing Activities
Proceeds from sale of ASP business	124	0
Capital Expenditures
Cash Flows from Investing Activities
Capital expenditures (excludes assets placed under finance lease)	(1,294)	(1,187)
Covert Plant Acquisition
Cash Flows from Investing Activities
Capital expenditures (excludes assets placed under finance lease)	$ 0	$ (810)