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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income $ 243 $ 213
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 316 298
Deferred income taxes and investment tax credits 67 43
Pension contributions (531) 0
Other non-cash operating activities and reconciling adjustments 9 16
Cash provided by (used in) changes in assets and liabilities    
Accounts and notes receivable and accrued revenue (17) (61)
Inventories 171 209
Accounts payable and accrued rate refunds (54) (89)
Other current and non-current assets and liabilities (3) (12)
Net cash provided by operating activities 201 617
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under finance lease) (523) (481)
Increase in EnerBank notes receivable (4) (46)
Purchase of notes receivable by EnerBank (8) (121)
Cost to retire property and other investing activities (24) (27)
Net cash used in investing activities (559) (675)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 1,198 993
Retirement of debt (2) (790)
Increase (decrease) in EnerBank certificates of deposit (7) 151
Decrease in notes payable (90) (67)
Issuance of common stock, net of issuance costs 101 3
Payment of dividends on common stock (116) (108)
Other financing costs (22) (32)
Net cash provided by financing activities 1,062 150
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts 704 92
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period 157 175
Cash and Cash Equivalents, Including Restricted Amounts, End of Period 861 267
Non-cash transactions    
Capital expenditures not paid 95 99
Consumers Energy Company    
Cash Flows from Operating Activities    
Net income 235 226
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 312 294
Deferred income taxes and investment tax credits 44 17
Pension contributions (518) 0
Other non-cash operating activities and reconciling adjustments 0 2
Cash provided by (used in) changes in assets and liabilities    
Accounts and notes receivable and accrued revenue 31 (59)
Inventories 170 204
Accounts payable and accrued rate refunds (54) (80)
Other current and non-current assets and liabilities 18 15
Net cash provided by operating activities 238 619
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under finance lease) (520) (476)
Cost to retire property and other investing activities (22) (26)
Net cash used in investing activities (542) (502)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 873 0
Retirement of debt 0 (215)
Decrease in notes payable (90) (67)
Stockholder contribution 350 350
Payment of dividends on common stock (219) (172)
Other financing costs (10) (5)
Net cash provided by financing activities 904 (109)
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts 600 8
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period 28 56
Cash and Cash Equivalents, Including Restricted Amounts, End of Period 628 64
Non-cash transactions    
Capital expenditures not paid $ 85 $ 85