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Consolidated Statements Of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Revenue $ 6,873 $ 6,583 $ 6,399
Operating Expenses      
Fuel for electric generation 528 505 499
Purchased power – related parties 81 86 86
Maintenance and other operating expenses 1,417 1,236 1,248
Depreciation and amortization 933 881 811
General taxes 303 284 281
Total operating expenses 5,711 5,245 5,143
Operating Income 1,162 1,338 1,256
Other Income (Expense)      
Interest income 11 12 6
Allowance for equity funds used during construction 6 5 12
Income from equity method investees 9 15 13
Nonoperating retirement benefits, net 90 24 41
Other income 2 6 8
Other expense (48) (76) (75)
Total other income (expense) 70 (14) 5
Interest Charges      
Interest on long-term debt 412 406 411
Other interest expense 49 34 29
Allowance for borrowed funds used during construction (3) (2) (5)
Total interest charges 458 438 435
Income Before Income Taxes 774 886 826
Income Tax Expense 115 424 273
Net Income 659 462 553
Income Attributable to Noncontrolling Interests 2 2 2
Net Income Available to Common Stockholders $ 657 $ 460 $ 551
Basic earnings per average common share (in dollars per share) $ 2.33 $ 1.64 $ 1.99
Diluted earnings per average common share (in dollars per share) $ 2.32 $ 1.64 $ 1.98
Consumers Energy Company      
Operating Revenue $ 6,464 $ 6,222 $ 6,064
Operating Expenses      
Fuel for electric generation 407 398 393
Purchased and interchange power 1,587 1,491 1,486
Purchased power – related parties 83 90 88
Purchased power – related parties 83 90 88
Cost of gas sold 819 730 693
Maintenance and other operating expenses 1,287 1,113 1,127
Depreciation and amortization 921 872 803
Depreciation and amortization 921 872 803
General taxes 295 276 277
Operating Income 1,065 1,252 1,197
Total operating expenses 5,399 4,970 4,867
Other Income (Expense)      
Interest income 8 9 4
Interest and dividend income – related parties 2 1 1
Allowance for equity funds used during construction 6 5 12
Nonoperating retirement benefits, net 83 21 37
Other income 2 17 8
Other expense (30) (58) (55)
Total other income (expense) 71 (5) 7
Interest Charges      
Interest on long-term debt 276 263 261
Other interest expense 16 15 12
Allowance for borrowed funds used during construction (3) (2) (5)
Total interest charges 289 276 268
Income Before Income Taxes 847 971 936
Income Tax Expense 142 339 320
Net Income 705 632 616
Preferred Stock Dividends 2 2 2
Net Income Available to Common Stockholders 703 630 614
Purchased and interchange power      
Operating Expenses      
Cost of goods and services sold 1,613 1,503 1,508
Cost of gas sold      
Operating Expenses      
Cost of goods and services sold $ 836 $ 750 $ 710