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CMS Energy Corporation Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 389 $ 164
Restricted cash and cash equivalents 17 18
Inventories at average cost    
Gas in underground storage 570 840
Materials and supplies 244 212
Generating plant fuel stock 73 65
Deferred property taxes 282 384
Regulatory assets 182 57
Prepayments and other current assets 125 113
Total current assets 2,603 3,433
Plant, Property, and Equipment    
Plant, property, and equipment, gross 31,592 30,491
Less accumulated depreciation and amortization 8,736 8,960
Plant, property, and equipment, net 22,856 21,531
Construction work in progress 1,408 1,182
Total plant, property, and equipment 24,264 22,713
Other Non‑current Assets    
Regulatory assets 3,807 3,595
Accounts receivable 24 23
Investments 72 71
Postretirement benefits 1,274 1,208
Other 221 310
Total other non‑current assets 5,398 5,207
Total Assets 32,265 31,353
Current Liabilities    
Current portion of long-term debt and finance leases 1,132 1,099
Notes payable 0 20
Accrued rate refunds 21 0
Accrued interest 145 122
Accrued taxes 405 538
Regulatory liabilities 88 104
Other current liabilities 187 166
Total current liabilities 2,737 2,985
Non‑current Liabilities    
Long-term debt 13,925 13,122
Non-current portion of finance leases 65 68
Regulatory liabilities 3,922 3,796
Postretirement benefits 106 108
Asset retirement obligations 759 746
Deferred investment tax credit 127 129
Deferred income taxes 2,503 2,407
Other non‑current liabilities 415 397
Total non‑current liabilities 21,822 20,773
Commitments and Contingencies
Common stockholders’ equity    
Common stock 3 3
Other paid-in capital 5,506 5,490
Accumulated other comprehensive loss (51) (52)
Retained earnings 1,463 1,350
Total common stockholders’ equity 6,921 6,791
Cumulative preferred stock 224 224
Total stockholders’ equity 7,145 7,015
Noncontrolling interests 561 580
Total equity 7,706 7,595
Total Liabilities and Equity 32,265 31,353
Nonrelated Party    
Current Assets    
Accounts receivable and accrued revenue, less allowance of $27 in both periods 708 1,564
Current Liabilities    
Accounts payable 752 928
Related Party    
Current Assets    
Accounts receivable – related parties 13 16
Current Liabilities    
Accounts payable $ 7 $ 8