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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Revenue $ 2,059 $ 1,953
Operating Expenses    
Fuel for electric generation 142 132
Purchased power – related parties 18 19
Maintenance and other operating expenses 354 310
Depreciation and amortization 298 279
General taxes 106 87
Total operating expenses 1,700 1,590
Operating Income 359 363
Other Income (Expense)    
Interest income 1 2
Allowance for equity funds used during construction 2 1
Income (loss) from equity method investees (1) 3
Nonoperating retirement benefits, net 23 24
Other income 1 1
Other expense (3) (2)
Total other income 23 29
Interest Charges    
Interest on long-term debt 106 100
Other interest expense 16 11
Allowance for borrowed funds used during construction (1) 0
Total interest charges 121 111
Income Before Income Taxes 261 281
Income Tax Expense 48 40
Net Income $ 213 $ 241
Basic earnings per average common share (in dollars per share) $ 0.75 $ 0.86
Diluted earnings per average common share (in dollars per share) $ 0.75 $ 0.86
Consumers Energy Company    
Operating Revenue $ 1,943 $ 1,855
Operating Expenses    
Fuel for electric generation 106 102
Purchased and interchange power 374 378
Purchased power – related parties 18 20
Cost of gas sold 401 377
Maintenance and other operating expenses 319 282
Depreciation and amortization 294 277
General taxes 103 85
Total operating expenses 1,615 1,521
Operating Income 328 334
Other Income (Expense)    
Interest income 1 2
Interest and dividend income – related parties 1 0
Allowance for equity funds used during construction 2 1
Nonoperating retirement benefits, net 21 22
Other income 1 1
Other expense (3) (2)
Total other income 23 24
Interest Charges    
Interest on long-term debt 69 67
Other interest expense 3 5
Allowance for borrowed funds used during construction (1) 0
Total interest charges 71 72
Income Before Income Taxes 280 286
Income Tax Expense 54 44
Net Income 226 242
Purchased and interchange power    
Operating Expenses    
Cost of sales 378 382
Cost of gas sold    
Operating Expenses    
Cost of sales $ 404 $ 381