XML 21 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 234 $ 153
Accounts receivable and accrued revenue, less allowance of $20 in both periods 997 964
Notes receivable, less allowance of $26 in 2019 and $24 in 2018 250 233
Assets held for sale 39 0
Accounts receivable – related parties 14 14
Accrued gas revenue 18 16
Inventories at average cost    
Gas in underground storage 256 450
Materials and supplies 148 143
Generating plant fuel stock 38 57
Deferred property taxes 226 279
Regulatory assets 26 37
Prepayments and other current assets 97 101
Total current assets 2,376 2,468
Plant, Property, and Equipment    
Plant, property, and equipment, gross 24,729 24,400
Less accumulated depreciation and amortization 7,236 7,037
Plant, property, and equipment, net 17,493 17,363
Construction work in progress 822 763
Total plant, property, and equipment 18,315 18,126
Other Non-current Assets    
Regulatory assets 1,711 1,743
Accounts and notes receivable 1,791 1,645
Investments 62 69
Other 538 478
Total other non-current assets 4,102 3,935
Total Assets 24,793 24,529
Current Liabilities    
Current portion of long-term debt, finance leases, and other financing 842 996
Notes payable 30 97
Accounts payable 544 723
Accounts payable – related parties 6 10
Accrued rate refunds 25 4
Accrued interest 109 94
Accrued taxes 295 398
Regulatory liabilities 107 155
Other current liabilities 148 147
Total current liabilities 2,106 2,624
Non-current Liabilities    
Long-term debt 11,105 10,615
Non-current portion of finance leases and other financing 91 69
Regulatory liabilities 3,736 3,681
Postretirement benefits 440 436
Asset retirement obligations 433 432
Deferred investment tax credit 98 99
Deferred income taxes 1,544 1,487
Other non-current liabilities 345 294
Total non-current liabilities 17,792 17,113
Commitments and contingencies
Common stockholders’ equity    
Common stock, authorized 350.0 shares; outstanding 283.7 shares in 2019 and 283.4 shares in 2018 3 3
Other paid-in capital 5,087 5,088
Accumulated other comprehensive loss (66) (65)
Accumulated deficit (166) (271)
Total common stockholders’ equity 4,858 4,755
Noncontrolling interests 37 37
Total equity 4,895 4,792
Total Liabilities and Equity 24,793 24,529
Consumers Energy Company    
Current Assets    
Cash and cash equivalents 37 39
Accounts receivable and accrued revenue, less allowance of $20 in both periods 894 855
Assets held for sale 35 0
Accounts receivable – related parties 9 15
Accrued gas revenue 18 16
Inventories at average cost    
Gas in underground storage 256 450
Materials and supplies 143 137
Generating plant fuel stock 37 52
Deferred property taxes 226 279
Regulatory assets 26 37
Prepayments and other current assets 86 83
Total current assets 1,794 1,980
Plant, Property, and Equipment    
Plant, property, and equipment, gross 24,300 23,963
Less accumulated depreciation and amortization 7,156 6,958
Plant, property, and equipment, net 17,144 17,005
Construction work in progress 812 756
Total plant, property, and equipment 17,956 17,761
Other Non-current Assets    
Regulatory assets 1,711 1,743
Accounts and notes receivable 29 27
Accounts and notes receivable – related parties 104 104
Other 458 410
Total other non-current assets 2,302 2,284
Total Assets 22,052 22,025
Current Liabilities    
Current portion of long-term debt, finance leases, and other financing 47 48
Notes payable 30 97
Accounts payable 515 685
Accounts payable – related parties 11 14
Accrued rate refunds 25 4
Accrued interest 79 59
Accrued taxes 369 436
Regulatory liabilities 107 155
Other current liabilities 115 120
Total current liabilities 1,298 1,618
Non-current Liabilities    
Long-term debt 6,565 6,779
Non-current portion of finance leases and other financing 91 69
Regulatory liabilities 3,736 3,681
Postretirement benefits 396 392
Asset retirement obligations 430 428
Deferred investment tax credit 98 99
Deferred income taxes 1,840 1,809
Other non-current liabilities 274 230
Total non-current liabilities 13,430 13,487
Commitments and contingencies
Common stockholders’ equity    
Common stock, authorized 350.0 shares; outstanding 283.7 shares in 2019 and 283.4 shares in 2018 841 841
Other paid-in capital 5,049 4,699
Accumulated other comprehensive loss (21) (21)
Accumulated deficit 1,418 1,364
Total common stockholders’ equity 7,287 6,883
Preferred stock 37 37
Total equity 7,324 6,920
Total Liabilities and Equity $ 22,052 $ 22,025