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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net income $ 380 $ 307
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 539 514
Deferred income taxes and investment tax credits 95 60
Pension contributions (531) 0
Other non-cash operating activities and reconciling adjustments 20 9
Cash provided by (used in) changes in assets and liabilities    
Accounts and notes receivable and accrued revenue 130 190
Inventories 99 98
Accounts payable and accrued rate refunds 23 (48)
Other current and non-current assets and liabilities 41 55
Net cash provided by operating activities 796 1,185
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under finance lease) (946) (973)
Increase in EnerBank notes receivable (148) (170)
Purchase of notes receivable by EnerBank (15) (220)
Cost to retire property and other investing activities (59) (47)
Net cash used in investing activities (1,168) (1,410)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 2,353 1,455
Retirement of debt (392) (1,104)
Increase in EnerBank certificates of deposit 132 371
Decrease in notes payable (90) (97)
Issuance of common stock, net of issuance costs 104 6
Payment of dividends on common and preferred stock (234) (218)
Other financing costs (54) (29)
Net cash provided by financing activities 1,819 384
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts 1,447 159
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period 157 175
Cash and Cash Equivalents, Including Restricted Amounts, End of Period 1,604 334
Non-cash transactions    
Capital expenditures not paid 167 150
Consumers Energy Company    
Cash Flows from Operating Activities    
Net income 395 324
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 530 506
Deferred income taxes and investment tax credits 67 41
Pension contributions (518) 0
Other non-cash operating activities and reconciling adjustments (4) 4
Cash provided by (used in) changes in assets and liabilities    
Accounts and notes receivable and accrued revenue 158 187
Inventories 99 96
Accounts payable and accrued rate refunds 18 (41)
Other current and non-current assets and liabilities 36 (7)
Net cash provided by operating activities 781 1,110
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under finance lease) (936) (963)
Cost to retire property and other investing activities (57) (63)
Net cash used in investing activities (993) (1,026)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 1,528 297
Retirement of debt (363) (528)
Decrease in notes payable (90) (97)
Stockholder contribution 650 675
Payment of dividends on common and preferred stock (277) (273)
Other financing costs (35) (2)
Net cash provided by financing activities 1,413 72
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts 1,201 156
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period 28 56
Cash and Cash Equivalents, Including Restricted Amounts, End of Period 1,229 212
Non-cash transactions    
Capital expenditures not paid $ 157 $ 138