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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net income $ 307 $ 381
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 514 483
Deferred income taxes and investment tax credit 60 60
Other non-cash operating activities and reconciling adjustments 9 22
Cash provided by (used in) changes in assets and liabilities    
Accounts and notes receivable and accrued revenue 190 298
Inventories 98 101
Accounts payable and accrued rate refunds (48) (41)
Other current and non-current assets and liabilities 55 112
Net cash provided by operating activities 1,185 1,416
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under finance lease) (973) (872)
Increase in EnerBank notes receivable (170) (80)
Purchase of notes receivable by EnerBank (220) 0
Cost to retire property and other investing activities (47) (56)
Net cash used in investing activities (1,410) (1,008)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 1,455 794
Retirement of debt (1,104) (660)
Increase in EnerBank certificates of deposit 371 136
Decrease in notes payable (97) (170)
Issuance of common stock 6 36
Payment of dividends on common and preferred stock (218) (204)
Payment of finance lease obligations and other financing costs (29) (43)
Net cash provided by (used in) financing activities 384 (111)
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts 159 297
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period 175 204
Cash and Cash Equivalents, Including Restricted Amounts, End of Period 334 501
Non-cash transactions    
Capital expenditures not paid 150 140
Consumers Energy Company    
Cash Flows from Operating Activities    
Net income 324 394
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 506 478
Deferred income taxes and investment tax credit 41 35
Other non-cash operating activities and reconciling adjustments 4 15
Cash provided by (used in) changes in assets and liabilities    
Accounts and notes receivable and accrued revenue 187 172
Inventories 96 98
Accounts payable and accrued rate refunds (41) (34)
Other current and non-current assets and liabilities (7) (60)
Net cash provided by operating activities 1,110 1,098
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under finance lease) (963) (859)
Cost to retire property and other investing activities (63) (55)
Net cash used in investing activities (1,026) (914)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 297 544
Retirement of debt (528) (330)
Decrease in notes payable (97) (170)
Stockholder contribution 675 250
Payment of dividends on common and preferred stock (273) (246)
Payment of finance lease obligations and other financing costs (2) (21)
Net cash provided by (used in) financing activities 72 27
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts 156 211
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period 56 65
Cash and Cash Equivalents, Including Restricted Amounts, End of Period 212 276
Non-cash transactions    
Capital expenditures not paid $ 138 $ 116