Quarterly Financial and Common Stock Information

12 Months Ended

Dec. 31, 2012

Quarterly Financial and Common Stock Information

21:QUARTERLY FINANCIAL AND COMMON STOCK INFORMATION (UNAUDITED)



In Millions, Except Per Share Amounts and Stock Prices
	2012
Quarters Ended	March 31			June 30			Sept 30			Dec 31
CMS Energy, including Consumers
Operating revenue		$	1,743		$	1,333		$	1,507		$	1,670
Operating income			188			260			343			212
Income from continuing operations			60			101			149			67
Income from discontinued operations			7			-			-			-
Net income			67			101			149			67
Income attributable to noncontrolling interests			-			1			1			-
Net income attributable to CMS Energy			67			100			148			67
Net income available to common stockholders			67			100			148			67
Earnings from continuing operations per average common share-basic¹			0.23			0.38			0.56			0.26
Earnings from continuing operations per average common share-diluted¹			0.22			0.37			0.55			0.25
Basic earnings per average common share¹			0.26			0.38			0.56			0.26
Diluted earnings per average common share¹			0.25			0.37			0.55			0.25
Common stock prices²
High			22.31			23.87			24.81			24.70
Low			21.33			21.52			22.70			22.79
Consumers
Operating revenue		$	1,675		$	1,282		$	1,448		$	1,608
Operating income			183			260			334			207
Net income			76			122			163			78
Preferred stock dividends			-			1			1			-
Net income available to common stockholder			76			121			162			78



In Millions, Except Per Share Amounts and Stock Prices
	2011
Quarters Ended	March 31			June 30			Sept 30			Dec 31
CMS Energy, including Consumers
Operating revenue		$	2,055		$	1,364		$	1,464		$	1,620
Operating income			306			207			316			174
Income from continuing operations			133			101			140			41
Income from discontinued operations			2			-			-			-
Net income			135			101			140			41
Income attributable to noncontrolling interests			-			1			1			-
Net income attributable to CMS Energy			135			100			139			41
Net income available to common stockholders			135			100			139			41
Earnings from continuing operations per average common share-basic¹			0.53			0.40			0.55			0.16
Earnings from continuing operations per average common share-diluted¹			0.51			0.38			0.53			0.15
Basic earnings per average common share¹			0.54			0.40			0.55			0.16
Diluted earnings per average common share¹			0.52			0.38			0.53			0.15
Common stock prices²
High			19.78			20.39			20.47			22.35
Low			18.60			18.90			17.16			19.18
Consumers
Operating revenue		$	1,988		$	1,303		$	1,397		$	1,565
Operating income			300			207			305			173
Net income			153			92			155			67
Preferred stock dividends			-			1			1			-
Net income available to common stockholder			153			91			154			67

¹	The sum of the quarters may not equal annual EPS due to changes in the number of shares outstanding.

²	Based on New York Stock Exchange composite transactions.

Consumers Energy Company [Member]

Quarterly Financial and Common Stock Information

21:QUARTERLY FINANCIAL AND COMMON STOCK INFORMATION (UNAUDITED)



In Millions, Except Per Share Amounts and Stock Prices
	2012
Quarters Ended	March 31			June 30			Sept 30			Dec 31
CMS Energy, including Consumers
Operating revenue		$	1,743		$	1,333		$	1,507		$	1,670
Operating income			188			260			343			212
Income from continuing operations			60			101			149			67
Income from discontinued operations			7			-			-			-
Net income			67			101			149			67
Income attributable to noncontrolling interests			-			1			1			-
Net income attributable to CMS Energy			67			100			148			67
Net income available to common stockholders			67			100			148			67
Earnings from continuing operations per average common share-basic¹			0.23			0.38			0.56			0.26
Earnings from continuing operations per average common share-diluted¹			0.22			0.37			0.55			0.25
Basic earnings per average common share¹			0.26			0.38			0.56			0.26
Diluted earnings per average common share¹			0.25			0.37			0.55			0.25
Common stock prices²
High			22.31			23.87			24.81			24.70
Low			21.33			21.52			22.70			22.79
Consumers
Operating revenue		$	1,675		$	1,282		$	1,448		$	1,608
Operating income			183			260			334			207
Net income			76			122			163			78
Preferred stock dividends			-			1			1			-
Net income available to common stockholder			76			121			162			78



In Millions, Except Per Share Amounts and Stock Prices
	2011
Quarters Ended	March 31			June 30			Sept 30			Dec 31
CMS Energy, including Consumers
Operating revenue		$	2,055		$	1,364		$	1,464		$	1,620
Operating income			306			207			316			174
Income from continuing operations			133			101			140			41
Income from discontinued operations			2			-			-			-
Net income			135			101			140			41
Income attributable to noncontrolling interests			-			1			1			-
Net income attributable to CMS Energy			135			100			139			41
Net income available to common stockholders			135			100			139			41
Earnings from continuing operations per average common share-basic¹			0.53			0.40			0.55			0.16
Earnings from continuing operations per average common share-diluted¹			0.51			0.38			0.53			0.15
Basic earnings per average common share¹			0.54			0.40			0.55			0.16
Diluted earnings per average common share¹			0.52			0.38			0.53			0.15
Common stock prices²
High			19.78			20.39			20.47			22.35
Low			18.60			18.90			17.16			19.18
Consumers
Operating revenue		$	1,988		$	1,303		$	1,397		$	1,565
Operating income			300			207			305			173
Net income			153			92			155			67
Preferred stock dividends			-			1			1			-
Net income available to common stockholder			153			91			154			67

¹	The sum of the quarters may not equal annual EPS due to changes in the number of shares outstanding.

²	Based on New York Stock Exchange composite transactions.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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