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CMS Energy Corporation Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenue $ 2,176 $ 2,284
Operating Expenses    
Fuel for electric generation 156 137
Purchased power – related parties 18 19
Maintenance and other operating expenses 402 431
Depreciation and amortization 368 353
General taxes 155 142
Total operating expenses 1,764 1,970
Operating Income 412 314
Other Income (Expense)    
Non-operating retirement benefits, net 44 45
Other income 44 15
Other expense (2) (4)
Total other income 86 56
Interest Charges    
Interest on long-term debt 172 144
Total interest charges 177 147
Income Before Income Taxes 321 223
Income Tax Expense 58 29
Net Income 263 194
Loss Attributable to Noncontrolling Interests (24) (10)
Net Income 287 204
Preferred Stock Dividends 2 2
Net Income Available to Common Stockholders $ 285 $ 202
Earnings Per Average Common Share    
Basic earnings per average common share (in dollars per share) $ 0.96 $ 0.69
Diluted earnings per average common share (in dollars per share) $ 0.96 $ 0.69
Related Party    
Interest Charges    
Other interest expense $ 3 $ 3
Nonrelated Party    
Interest Charges    
Other interest expense 2 0
Purchased and interchange power    
Operating Expenses    
Cost of goods and services sold 314 341
Cost of gas sold    
Operating Expenses    
Cost of goods and services sold $ 351 $ 547