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Consumers Energy Company Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenue $ 1,555 $ 1,920 $ 3,839 $ 4,294
Operating Expenses        
Operating Income 244 239 558 695
Other Income (Expense)        
Non-operating retirement benefits, net 45 52 90 100
Other income 103 2 118 6
Other expense (2) (11) (6) (15)
Total other income 146 43 202 91
Interest Charges        
Interest on long-term debt 152 122 296 243
Allowance for borrowed funds used during construction (1) 0 (1) (1)
Total interest charges 160 126 307 250
Income Before Income Taxes 230 156 453 536
Income Tax Expense 41 14 70 53
Net Income Attributable to CMS Energy 198 148 402 501
Preferred Stock Dividends 3 3 5 5
Net Income Available to Common Stockholders 195 145 397 496
Related Party        
Interest Charges        
Other interest expense 3 3 6 6
Nonrelated Party        
Interest Charges        
Other interest expense 6 1 6 2
Consumers Energy Company        
Operating Revenue 1,485 1,802 3,695 4,085
Operating Expenses        
Fuel for electric generation 85 173 183 297
Purchased and interchange power 326 468 660 905
Purchased power – related parties 17 18 36 35
Cost of gas sold 83 213 629 678
Maintenance and other operating expenses 380 370 789 683
Depreciation and amortization 245 233 589 569
General taxes 94 86 233 215
Total operating expenses 1,230 1,561 3,119 3,382
Operating Income 255 241 576 703
Other Income (Expense)        
Non-operating retirement benefits, net 42 49 85 94
Other income 15 4 27 8
Other expense (1) (11) (5) (14)
Total other income 56 42 107 88
Interest Charges        
Interest on long-term debt 101 75 200 150
Allowance for borrowed funds used during construction (1) 0 (1) (1)
Total interest charges 110 78 212 156
Income Before Income Taxes 201 205 471 635
Income Tax Expense 34 32 72 79
Net Income Attributable to CMS Energy 167 173 399 556
Preferred Stock Dividends 1 1 1 1
Net Income Available to Common Stockholders 166 172 398 555
Consumers Energy Company | Related Party        
Interest Charges        
Other interest expense 4 3 7 6
Consumers Energy Company | Nonrelated Party        
Interest Charges        
Other interest expense $ 6 $ 0 $ 6 $ 1