XML 33 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CMS Energy Corporation Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenue $ 7,515 $ 7,462 $ 8,596
Operating Expenses      
Fuel for electric generation 624 561 905
Purchased power – related parties 71 75 76
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
Allowance for borrowed funds used during construction (18) (3) (2)
Total interest charges 708 643 519
Income (Loss) Before Income Taxes 1,123 954 902
Income Tax Expense 176 147 93
Income (Loss) From Continuing Operations 947 807 809
Income From Discontinued Operations, Net of Tax of $—, $—, and $1 0 1 4
Net Income 947 808 813
Loss Attributable to Noncontrolling Interests (56) (79) (24)
Net Income 1,003 887 837
Preferred Stock Dividends 10 10 10
Net Income (Loss) Available to Common Stockholders $ 993 $ 877 $ 827
Basic Earnings Per Average Common Share      
Income from continuing operations per average common share available to common stockholders (in dollars per share) $ 3.34 $ 3.01 $ 2.84
Income from discontinued operations per average common share available to common stockholders (in dollars per share) 0 0 0.01
Basic earnings per average common share (in dollars per 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 (in dollars per share) 3.33 3.01 2.84
Income from discontinued operations per average common share available to common stockholders (in dollars per share) 0 0 0.01
Diluted earnings per average common share (in dollars per share) $ 3.33 $ 3.01 $ 2.85
Related Party      
Interest Charges      
Other interest expense $ 12 $ 12 $ 12
Nonrelated Party      
Interest Charges      
Other interest expense 14 18 0
Purchased and interchange power      
Operating Expenses      
Cost of goods and services sold 1,333 1,375 1,928
Cost of gas sold      
Operating Expenses      
Cost of goods and services sold $ 640 $ 902 $ 1,256