XML 41 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating Revenue $ 1,430 $ 1,445 $ 5,421 $ 4,830
Operating Expenses        
Fuel for electric generation 161 165 534 466
Purchased and interchange power 387 383 1,244 1,063
Purchased power - related parties 21 21 67 67
Cost of gas sold 86 76 1,107 849
Maintenance and other operating expenses 329 284 899 870
Depreciation and amortization 153 145 503 463
General taxes 57 54 188 174
Total operating expenses 1,194 1,128 4,542 3,952
Operating Income 236 317 879 878
Other Income (Expense)        
Interest income 1 1 2 3
Allowance for equity funds used during construction 2 1 6 5
Income from equity method investees 4 3 11 11
Other income 2 2 8 7
Other expense (3) (7) (26) (13)
Total other income 6   1 13
Interest Charges        
Interest on long-term debt 98 96 294 289
Other interest expense 4 3 12 12
Allowance for borrowed funds used during construction (1)   (3) (2)
Total interest charges 101 99 303 299
Income Before Income Taxes 141 218 577 592
Income Tax Expense 47 91 195 240
Net Income 94 127 382 352
Income Attributable to Noncontrolling Interests   1 1 2
Net Income Available to Common Stockholders 94 126 381 350
Basic Earnings Per Average Common Share $ 0.34 $ 0.48 $ 1.41 $ 1.32
Diluted Earnings Per Average Common Share $ 0.34 $ 0.46 $ 1.39 $ 1.29
Dividends Declared Per Common Share $ 0.27 $ 0.255 $ 0.81 $ 0.765
Consumers Energy Company [Member]
       
Operating Revenue 1,359 1,386 5,128 4,647
Operating Expenses        
Fuel for electric generation 137 148 455 406
Purchased and interchange power 382 374 1,214 1,043
Purchased power - related parties 21 21 67 67
Cost of gas sold 71 64 1,006 818
Maintenance and other operating expenses 296 269 834 824
Depreciation and amortization 152 143 498 459
General taxes 55 53 183 170
Total operating expenses 1,114 1,072 4,257 3,787
Operating Income 245 314 871 860
Other Income (Expense)        
Interest income 1   2 2
Interest and dividend income - related parties 1 1 1 1
Allowance for equity funds used during construction 2 1 6 5
Other income 2 2 8 11
Other expense (3) (3) (13) (9)
Total other income 3 1 4 10
Interest Charges        
Interest on long-term debt 62 58 180 177
Other interest expense 3 2 8 8
Allowance for borrowed funds used during construction (1)   (3) (2)
Total interest charges 64 60 185 183
Income Before Income Taxes 184 255 690 687
Income Tax Expense 65 102 241 272
Net Income 119 153 449 415
Preferred Stock Dividends and Distribution   1 1 2
Net Income Available to Common Stockholders $ 119 $ 152 $ 448 $ 413