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Consumers Energy Company Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenue $ 1,673 $ 2,024 $ 5,512 $ 6,318
Operating Expenses        
Operating Income 271 258 829 953
Other Income (Expense)        
Non-operating retirement benefits, net 45 54 135 154
Other income 34 5 152 11
Other expense (2) (5) (8) (20)
Total other income 77 54 279 145
Interest Charges        
Interest on long-term debt 158 127 454 370
Allowance for borrowed funds used during construction (1) 0 (2) (1)
Total interest charges 164 130 471 380
Income Before Income Taxes 184 182 637 718
Income Tax Expense 11 19 81 72
Net Income Attributable to CMS Energy 176 165 578 666
Preferred Stock Dividends 2 2 7 7
Net Income Available to Common Stockholders 174 163 571 659
Related Party        
Interest Charges        
Other interest expense 3 3 9 9
Nonrelated Party        
Interest Charges        
Other interest expense 4 0 10 2
Consumers Energy Company        
Operating Revenue 1,596 1,886 5,291 5,971
Operating Expenses        
Fuel for electric generation 131 233 314 530
Purchased and interchange power 364 556 1,024 1,461
Purchased power – related parties 21 21 57 56
Cost of gas sold 41 114 670 792
Maintenance and other operating expenses 425 393 1,214 1,076
Depreciation and amortization 250 233 839 802
General taxes 90 84 323 299
Total operating expenses 1,322 1,634 4,441 5,016
Operating Income 274 252 850 955
Other Income (Expense)        
Non-operating retirement benefits, net 43 52 128 146
Other income 13 4 40 12
Other expense (3) (5) (8) (19)
Total other income 53 51 160 139
Interest Charges        
Interest on long-term debt 106 81 306 231
Allowance for borrowed funds used during construction (1) 0 (2) (1)
Total interest charges 114 85 326 241
Income Before Income Taxes 213 218 684 853
Income Tax Expense 35 29 107 108
Net Income Attributable to CMS Energy 178 189 577 745
Preferred Stock Dividends 0 0 1 1
Net Income Available to Common Stockholders 178 189 576 744
Consumers Energy Company | Related Party        
Interest Charges        
Other interest expense 6 3 13 9
Consumers Energy Company | Nonrelated Party        
Interest Charges        
Other interest expense $ 3 $ 1 $ 9 $ 2